Hong Kong
New citizen travel card launched for Hong Kong & Macao permanent residents
New citizen travel card launched for Hong Kong & Macao permanent residents
The card will begin getting issued on 10 July.
Over 5,800 apply for light public housing
About 4,440 units will begin to be rolled out in Q1 2025.
Wages rise 3.9% in March
In March, 64% of companies reported wage increases.
Hong Kong Airlines launches new route to Xining
Beginning 8 July, the airlines will fly to and from Xining every Tuesday and Saturday.
Cathay Pacific launches direct flights to Ningbo
Direct flights will operate four times a week.
Mortgage applications in HK fall 16.1% in May
However, the value of mortgages approved rose by 8.8%, according to official data.
Total deposits in Hong Kong up 1.1% in May
Loans registered a decline, however, according to central bank data.
Dah Sing Bank unveils multi-currency debit card
It covers 11 currencies and has no annual fee.
Contract work spikes as employees seek flexibility and work-life balance
Employers target Gen Z professionals because they prefer flexible work.
Surge in exports to Mainland China boosts Hong Kong’s trade
The trade forecast was revised upward from a maximum of 6% to 11% amidst export growth.
Hong Kong begins risk-based capital regime for insurers
This follows the enactment of the Insurance (Amendment) Ordinance 2023.
HKIA finds firms adhere to new premium financing rule
However, the inspection also identified several areas needing improvement.
Stephenson Harwood fosters knowledge-sharing in new office
The legal firm’s Quarry Bay office has a centralised social hub and collaboration zone for learning by osmosis.
Country Garden receives trading resumption guidance from HKEX
The company has been suspended from trading since 2 April.
Hongkong Land can afford bill for $3.1b Landmark upgrades
Capex will rise in the short-term, but retail income will rise long-term.
Hong Kong’s credit card market to hit $1.02t in 2024
This growth is driven by the city’s robust payment infrastructure and e-commerce growth.
AIRSIDE’s office leasing occupancy soars 70%
Its retail occupancy rate also surged to 90%.
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