Hong Kong
Hong Kong’s ZA Bank launches debt consolidation program Debt Changer
Hong Kong’s ZA Bank launches debt consolidation program Debt Changer
Users can defer payment for a month for every 12 month tenor they take.
Hong Kong IPOs drop over 30% in 2022
The number of listings declined to 67 from 97 in the previous year.
Gov’t opens application for subsidy scheme on offering youth hostels
It will assist NGOs to rent hotel and guesthouse accommodation.
Luxury house in the Peak worth $298m up for sale
It will be sold on an “as is” basis.
Two sites for sale via public tender
Tender invitations for both lots start on 13 January.
Buying vs renting: Which do Hong Kongers prefer?
In the next two years, 35% of locals plan to move.
Hong Kong’s ZA Bank unveils short-term savings plan with up to 5.25% p.a. return
It has an 18 month lock-in period and offers a 0.65% discount for a limited time.
Property sales drop nearly 40% in 2022
The Land Registry received only 59,619 sale and purchase agreements.
Hong Kong rolls out HKeToll
The new system will be launched gradually this year.
Embed cloud and AI technologies to accelerate business growth in 2023
Technology trends for 2023 will revolve on three themes: optimise, scale and pioneer.
Hong Kong retail market momentum depends on full border reopening
Retail sales for the first nine months slightly dipped by 1.3% YoY.
Seasons greetings: Hong Kong Business will rest for the holidays
The Hong Kong Business team will return on 9 January 2023.
Analyst wary for Hong Kong’s commercial real estate market recovery
Interest rate hikes and higher costs of capital can make the market go over the edge.
Hang Seng Bank raises prime rate to 5.625%
The bank will also be raising its savings rate by 0.625% per annum.
Residential prices to drop by 0%-5% in 2023
Year-to-date prices have declined by 10%.
Industrial production index drops by 0.6%
Textiles, wearing apparel, metal, and computer industries saw decreases in output volume.
Hong Kong’s gross national income inches up by 0.3% in Q3
The city’s GDP meanwhile dipped by 0.2%.
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