News
Exports value dips by 3.7% YoY to $358.3b in August
The pace of decline, however, has moderated.
Rate of office vacancy stables in August after four-month high
Rents will remain under pressure amidst low demand and high supply.
Hong Kong economy to recover this year despite external headwinds – experts
The city’s economy expanded 1.5% YoY in 2Q23.
Primary residential market sales fall to a six-month low
Only 742 units were sold in August.
Microsoft, Education Bureau join hands to advance AI education in HK
Amongst Microsoft’s efforts is to make Generative AI accessible to K-12 schools in the city.
HK lands 4th in world's leading global capital markets ranking
The market's cross-border capital investments reached US$6.5b in 1H23.
Evergrande Group postpones offshore debt restructuring
As a result, it also called off the meeting linked to the proposed restructuring.
Gov’t launches online tool for transitional housing applications
Applicants can select their preferred projects on the platform.
Office net effective rent drops 0.7% MoM
Submarkets such as Central and Wanchai / Causeway Bay saw rental drops.
Hong Kong expects 6.5 million travellers next week
The city will celebrate its Mid-Autumn Festival and National Day.
Cathay Pacific launches premium travel master brand globally
It said that Cathay Pacific will remain the brand of the airline.
Hong Kong launches 1st offshore LNG terminal
The LNG will be supplied to CLP’s Black Point Power Station and HK Electric’s Lamma Power Station.
Kai Chiu Road, Haiphong Road emerge as retailers most favoured shopping streets
Retail rents in Haiphong Road are now only 40% lower than pre-pandemic levels.
Financial fitness is a major factor when it comes to the quality of life: Study
Developed markets scored lower than those in emerging markets.
OCBC joins HKEX’s OTC Clear
OTC Clear offers clearing services for USD/HKD and USD/CNH cross-currency swaps.
HKMA retains base rate at 5.75%
The move was in response to the Fed holding its interest rates steady.
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