Hong Kong

Hong Kong to invests $6b for health technology, $3b for AI

Secretary Sun Dong ensured that the investments are financially feasible.

Digital economy “a key driver” for HK growth: FS Chan

Secretary Chan also believes digitalisation will diversify the economy

Hongkong Land’s flexible office space reach 90% occupancy rate

Centricity Flex lured diverse financial and professional services tenants.

HSBC welcomes Hong Kong’s HK$100m bid to attract family office

Hong Kong is aiming to attract 200 family offices to set up shop in the city by 2025.

Hong Kong risks narrowing fiscal buffers amidst ‘sizeable’ spending plan

The city’s deficit is expected to remain wide for a longer period. 

Budget 2023: Gov’t balances fiscal prudence with support amid rising costs 

An expert from PwC said the budget was “well-calibrated.”

Business organisations applaud 2023 budget proposals

Under the budget, the government will allocate an additional $550m in funding to HKTDC.

Consumer prices rise 2.4% YoY in January

The rate of increase picked up from December. 

Border reopening boosts retail sentiment: CBRE

Asking rents in tourist hotspots have increased since January.

Expert sees little chance of relaxation on property cooling measures

JLL, Colliers, and CBRE weigh in on the latest budget measures for property.

Hong Kong plans to develop AI centre

The Supercomputing centre will boost the city’s demand for AI services.

BUDGET 2023: HK faces ‘new stage’ toward economic growth

Secretary Chan added that the city’s financial system displayed resilience.

BUDGET 2023: HK gov't provides money to set up mega events

These events will attract more tourists and boost the city’s tourism.

BUDGET 2023: HK Provides Financial Aid to Explore and Tap Markets

The government is also giving monetary assistance to SMEs.

BUDGET 2023: Government adjusts ad valorem rates for property sales

The adjustment will help first-time buyers who want to purchase properties.

BUDGET 2023: Hong Kong pushes for Airport City development

Several projects are lined up to support the market’s international aviation hub status.