News

HK rateable values grow 0.4% to $2.66b YoY

Industrial RVs grew strong amongst all sectors.

HK rateable values grow 0.4% to $2.66b YoY

Industrial RVs grew strong amongst all sectors.

Eligible HK elderly may use voucher for outpatient service fees

The voucher may be used to pay for services at Huawei CHC.

Jeanette Mao takes new role as HK Express CEO

She will lead the airline in enhancing its operations and customer experience.

Housing Authority sets new rental rates for housing units

Renters can afford a flat in an urban district for $94.9 per square metre.

Retail sales grows 31.3% in February 2023

But provisional online retail sales dropped 4.1% to $2.6b.

HK deposits dip 1.6% to $15.39t in February

Renminbi deposits decreased by 2.8% to RMB813.5b.

Linklaters advises creditors on Sunac China's $80.07b debt restructuring agreement 

The agreement allows the company to extend the debt's maturity. 

Mortgage loans up by 29.1% to $34.2b MoM

But loans for refinancing dipped by 8.8%.

Visa names Paulina Leong as Hong Kong, Macau market lead

Her role as the appointed General Manager is effective immediately.

Hong Kong explores measures to fill labour shortage

Importing foreign workers will continue if they prioritize local workers for opportunities. 

Hang Seng China unfolds cross-boundary wealth management centre in GBA

It is the first cross-boundary wealth management in China.

Cathay Pacific, SPIC sign MOU for sustainable aviation fuel supply chain

This involves four SAF plants that are expected to be commissioned from 2024 to 2026.

Health planning amongst top financial goals of 3 in 10 Hongkongers

More than half use cash savings to accomplish such goals.

Residential property prices to rebound by  5%-8% in 2023

S&P Global cited China’s reopening as one of the reasons for its revival. 

Ap Lei Chau buildings sold for $157m in public auction: JLL

The sites were sold to Sky Dynamic International Investments Limited.