Hong Kong
Cathay Pacific posts 15% lower profit; commits $100b to enhance services
Cathay Pacific posts 15% lower profit; commits $100b to enhance services
The investment includes the purchase of 30 Airbus A330-900 aircraft.
Paris 2024 Olympics boosts Hong Kong's catering industry
Thanks to the free live streams, the catering industry surged 20%.
Harbour Centre's loss narrows to $17m in H1 2024
The basic loss per share was at $0.01.
Majority of women want more breastfeeding areas in public places
81.9% suggested commercial and government premises improve breastfeeding facilities’ hygiene standards.
Foreign currency reserves hit US$419.3b in July
It rose from the US$416.3b record in June.
HK prohibits import of seafood products from 10 Japanese cities
This is in response to the Japanese government's discharge of nuclear-contaminated water.
HKMA preparing law amendments for proposed two-tier bankings system
The central bank has published results of its consultation and new parameters added.
Libpet defines smart mobility with robotic wheelchairs and home control systems
Mobility tech for the physically challenged also offers convenience to the young and able-bodied.
Hong Kong logistics rents rise 3.3% in H1 2024
The prime net rent was $15.5m per sq. ft.
HKMA rules out new virtual banking licenses
Competition is keen in the market and enquiries have declined.
HK virtual banks' record 2.2 million depositors by end-2023
Hong Kong's eight licensed virtual banks experienced modest growth over the past three years.
Virtual banks in Hong Kong thrive with 2.2 million depositors in 2023
Hong Kong's eight licensed virtual banks experienced modest growth over the past three years.
Fusion Bank unveils business loans with up to $5m financing
One loan is for businesses at least three years old.
Mox Bank opens platform to crypto-related investing
Mox Invest users can access and invest in crypto ETFs.
Country Garden’s contracted sales hit RMB 3.41b in July
Gross floor area (gfa) attributable to the shareholders was 0.38 million sq m.
HKMA proposes simplification of three-tier banking system
It aims to simplify DTCs to second-tier institutions.
SBTi validates HKSTP’s net-zero targets
It is the first statutory body committed to achieving net-zero approved by SBTi.
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