Hong Kong
HK's institutional investors infuse US$1.2b into APAC real estate
HK's institutional investors infuse US$1.2b into APAC real estate
Investments into Hong Kong, however, dropped.
Hong Kong banks’ loans and deposits ‘virtually unchanged’ in March
But banks saw a decline in foreign currency and renminbi deposits.
HKMA denies links to firms claiming to assist in financial fraud cases
The central bank said that it has reported the case to the police.
Hang Seng Bank maintains HKD lending and savings rate
The lending rate is still 5.875% per annum.
Soundwill pushes to revalue Causeway Bay site as demand declines
The developer also asked for a lower tender price for the site.
LandsD 'area model' idea makes sense for the San Tin Technopole
The government may need to think further outside the box when dealing with the Northern Metropolis, specifically the San Tin Technopole (STT). Whilst it has focused on looking for big companies to settle in the area, there appears to be a minimal overall plan.
Hong Kong’s tertiary education policy shift ignites co-living growth
Given its defensive nature, the student accommodation sector is getting attention from forward-looking investors, providing a high-yield alternative to traditional asset classes.
Gov't seeks feedback on revised Private Columbaria Ordinance
The public can send feedback until 2 June.
Govt to launch eMPF platform in June
The platform will reduce admin costs.
Gov’t to cut taxes on salaries and profit for FY23-24
In FY2023-24, the government sent out 2.44 million tax returns.
Construction sector stagnates due to rising costs and competition
Private and non-private residential construction works also fell in 1Q24.
SFC probes Segantii for insider trading charges
The SFC pressed charges against the firm, its founder, and former trader.
Hong Kong Life promotes wealth transfer with new plan
It includes features like flexible death settlement options.
Health department greenlights Nefecon for adult IgAN Patients
Hong Kong is the fourth jurisdiction that approved the use of Nefecon.
Gov’t names new Airport Authority chairman
He will succeed Jack So.
Hong Kong updates financial account information exchange list
It removed nine jurisdictions and welcomed 11.
CLP Power launches $58m coupons programme to boost consumer spending
This will benefit around 580,000 households.