Hong Kong
Free-flow tolling service to be installed in Tsing Sha Control Area
It will be installed on 26 February.
‘Sluggish’ economy drags residential market: report
The overall stamp duty revenue dropped 41.9%YoY in 2022.
HK fosters cooperation with Saudi Arabia
CE Lee discussed possible collaboration on I&T development.
Foreign currency reserves hit US$436.9b in January
It expanded from the US$436.9b record in December.
Hong Kong’s Mox Bank launch time deposit products with up to 10% interest
New customers who open an account in February will avail an additional 9.7% time deposit rate.
With luxury site losing appeal, mass residential sites gain traction amongst developers
This as interest in acquiring luxury residential sites declined.
HK-Mainland travel fully resumes
Given the resumption, the quota for cross-boundary travellers has been scrapped.
Retail sales value increases 1.1% YoY in December
The total value stood at $33.7b.
HK rises to fourth rank in global data centre market report
It improved its rank due to strong connectivity and consistent demand.
Property sales rise by 24.2%
More than 4,400 sale and purchase agreements were recorded in January.
HKMA raises its base rate to 5.00%
The new rate took effect on 2 February.
ZA Bank names former chief executive of rival virtual bank as new CEO
Ronald Iu joined ZA Bank’s parent ZA International in February 2022.
Swire Properties buys 40% stake in premium residential site in Bangkok
The transaction was worth HK$570m.
HK is 7th most crypto-ready market in the world
The city is home to 251 crypto-based companies.
Economy contraction narrows in Q4 at 4.2%
In Q3, the economy shrank by 4.6%.
Hong Kong posts $183.2b deficit
Fiscal reserves stood at $773.9b.
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