Hong Kong
HSBC pulls plug on Hong Kong-based trading startup Serai
The startup said it has been ‘difficult to build a commercially viable business’.
Lam OKs reappointment of Laura Cha as HKEX head
Cha was elected during a board meeting on 27 April.
MUFG closes HK$1.35b dual currency green term loan for Xinyi Glass Holdings
The three-year syndicated loan was 2.25 times oversubscribed.
Dah Sing Bank reopens Ocean Walk Branch
The branch was closed earlier this week.
Hong Kong retains its crown as most expensive location in the world
Higher prices and stronger currency have allowed the city to continue its reign.
Cathay Pacific’s $7.8b bridge loan extended for 12 months
It is effective until 8 June 2023.
China’s finance ministry to issue RMB23b of sovereign bonds in HK
The bonds will be issued in four batches.
Premature to say if HK is facing a sixth wave: Lam
The city has been seeing an increase in positive cases since the beginning of June.
Overworked? Study finds that 72% of Hong Kong employees are unhappy
Employees in Hong Kong work an average of 41 hours each week.
CLP Power, ESR partner to develop sustainable date centres, logistics project
This is in support of Hong Kong’s neutrality goals.
Hong Kong’s Dah Sing Bank temporarily closes Ocean Walk Branch
Staff members will be tested for COVID.
Gov’t starts 6-month trial scheme for tourism opening of Sha Tau Kok Pier
After the trial, the government will decide whether it will fully reopen Sha Tau Kok town.
Opening of new East Rail Line section to boost home prices
The extension of the East Rail Line will shorten travelling time for residents.
Hong Kong extends stranded vehicle measures
The measures were rolled out last December.
Property sales up 63.8% in May
However, it’s 11.3% lower compared to the previous year.
Port cargo throughput sinks by 13.8% YoY in Q1
The decrease in both inward and outward port cargo drove the overall decline.
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