Hong Kong
High interest rates stall foreign property deals in Hong Kong
High interest rates stall foreign property deals in Hong Kong
Bank mortgage rates for commercial properties in the city can be as high as 6%.
HK, Vietnam ink immigration pact
Under the pact, the parties will cooperate on the verification and repatriation of illegal migrants.
Basket of properties in Pan Hoi Street and King’s Road up for auction
The reserve price for the basket of properties is $6.31b.
China Evergrande cuts losses to RMB39.2b in 1H23
The group has implemented several schemes to improve liquidity.
HK to form task force to improve stock market liquidity
The Financial Secretary will lead the task force.
Around 9 in 10 people in Hong Kong would buy engagement ring locally
Preference for a more glamorous wedding is now back.
Fuel clause charge for September to decline 10.5%: HK Electric
The FCC has been declining since June 2023.
Exports value dips by 9.1% YoY to $345.2b in July
The pace of decline, however, has moderated.
HK, Guandong ink pact on education collaboration
Amongst areas of collaboration will be talent cultivation.
Bank of East Asia’s profits up 75.8% to HK$2.63b in H1
Higher interest rates pushed up profits, but non-interest income fell.
1 in 4 Hong Kong consumers eyes getting a loan with fintechs, neobanks
Although traditional banks remain the preferred choice, 1 in 5 are ready to jump ship to another provider.
What to expect from the new flexible workspace at K11 Atelier in HK: IWG
The centre opening spans 21,200 square feet and offers hot desking areas.
How much do Hongkongers spend on groceries?
Food and non-alcoholic beverages account for 12.1% of locals’ spending on goods and services.
Lands Department rejects bid for Tsuen Wan residential site
The site is part of the government’s Starter Homes (SH) project.
Hong Kong to restrict Japanese seafood imports
This is due to the plans to release of water from the Fukushima nuclear plant.
Retail sales to grow 17% YoY in 2023 – PwC
This is equivalent to HK$408b.
Sale of residential units sluggish in the first half of 2023
Only over half of residential units were sold in H1 2023, slower than the five-year average.
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