Hong Kong
Hong Kong’s IPO funds to grow ‘nearly double’ in 2023
Hong Kong’s IPO funds to grow ‘nearly double’ in 2023
It is expected to reach between $180b-$200b, the PwC reported.
Port cargo throughput falls 11.1% YoY in Q3
The decrease in both inward and outward port cargo drove the overall decline.
Gov’t proposes regulatory regime on the use of autonomous vehicles
The bill will be up for the Legislative Council’s reading on 14 December.
The proposed new regulatory framework for the trial and specified use of autonomous vehicles –- Road Traffic (Amendment) (Autonomous Vehicles) Bill 2022 –- will be introduced to the Legislative Council on 14 December.
The Transport & Logistics Bureau, which proposed the bill, said autonomous vehicles technology has the promising advantage of enhancing road safety, optimising the use of limited road space and thereby reducing car accidents arising from human error.
In the Hong Kong Smart City Blueprint 2.0 published in December 2020, one of the smart mobility initiatives is to facilitate the technological advancement and industry development in Vehicle-to-Everything and autonomous vehicles.
The government then proposed amending the Road Traffic Ordinance and also empowering the Secretary for Transport & Logistics to make new subsidiary legislation, Autonomous Vehicles Regulation, to establish a suitable regulatory regime to facilitate the trial and specified use of autonomous vehicles.
7 high-end properties up for sale
The prices of the properties range from $18.2m to $550m.
Specialist tech firms to gain major boost in Hong Kong thanks to proposed listing rules
The new regime exempts firms from existing financial eligibility tests under the Listing Rules.
Managing conversations to increase conversions
Enterprises that used chat management platform, imBee, saw a 25% increase in sales.
Tenement buildings in Kowloon sold for $260m
It was sold to Apex Intelligence Limited.
Cathay opens experiential retail space in Cityplaza shopping mall
Customers can scan products through QR code and use flexible modes of payment.
Retail sales value edges up by 3.9% YoY in October
The total value stood at $31.9b.
Better Industry Opportunities as Usage of Healthcare Device Rises
Increasing adoption of IVD kits bodes well for Malaysia.
Total loans, advances down 1.2% in October: central bank
Loans for use in the market were down by 1%.
Foreign currency assets down by $25.5b in October: HKMA
The decrease was attributed to the sale of US$ under currency board arrangements.
Customs ratifies reciprocal trade facilitation for 13 markets
The government signed mutual recognition arrangement documents.
Bank of East Asia offers preferential interest rate to green mortgage customers’ time deposits
It follows in the footsteps of BEA’s Green Mortgage Plan.
Gov’t deficit rises to $275.75b
In August, the deficit was at $183b.
Approved mortgage loans drop 4.7% MoM in October
The drop was likely due to the decrease in applications during the same month.
Hong Kongers trust ‘Big Tech’ more than banks for banking services: survey
86% said they trust big tech as much as or more than banks.
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