Hong Kong
Hong Kong hits record 1.44 million local companies in H1
Hong Kong hits record 1.44 million local companies in H1
A total of 324 licenses were given out to trust or company service providers.
HK rolls out green incentive scheme and shipping legislation
It aims for maritime carbon neutrality by 2050.
Hong Kong to launch support centre for minority owners
It will offer legal and valuation advice to those impacted by the new sale regime.
HK unemployment rate steady at 3%
The underemployment also remained at 1.2%.
Gov’t announces land resumption and acquisition for Tai Po housing development
Over 1,600 sq.m. will be resumed and acquired.
Lands Department sells Sha Tin non-industrial site for $619m
This was awarded on a 50-year grant.
Noah Holdings relocates to larger office in Times Square, Causeway Bay
The new office spans 30,000 sq ft.
ZA Bank rolls out reserve banking services to stablecoin issuers
It has on boarded RD InnoTech and is onboarding 10 other issuers.
Standard Chartered bolsters private banking team in Hong Kong
Two managing directors and three executive directors are joining the team.
Hong Kong’s ZA Bank welcomes planned stablecoin regulatory regime
The bank surpassed $1b in transfer turnover from Web3 clients in 2023.
University of Hong Kong adopts AI-driven reconstructive surgery
The procedure utilises a platform powered by a large multimodal model for medicine.
Industrial leasing stable with renewals amidst PMI dip
Leasing renewals and site relocations to drive future market growth.
Hong Kong residential prices may fall up to 10% in 2024
The market already saw a 1.7% decline in the first five months of the year.
High street rents to outperform non-core retail rents
Rents rose 1.0% QoQ and 7.4% YoY in Q2.
Hong Kong ranks 46th globally for work-life balance
In Asia, it ranked thirteenth.
Grade A office rent drops 1.0%, vacancy up 16.6% in Q2
Grade A office vacancy has reached a record high of 13.8 million sq ft.
FundPark, HKECIC bare pioneering effort for insured growth for SMEs
Their partnership integrated data analytics and credit insurance to aid and protect small-scale business operations.
Read Here
Advertise
Sign Up
