Hong Kong
Mortgage loans in negative equity surge to 32,073 in Q1
Mortgage loans in negative equity surge to 32,073 in Q1
The total value of residential mortgage loans rose to $165.3b.
Evergrande stalls 2023 annual results release
The company also warned of possible delays in the 2023 report distribution.
Statutory minimum wage to undergo annual review
The government will review the minimum age through two indicators.
Job title inflation trend fading in Hong Kong
About three in 10 employees practice job title inflation.
Fraud costs HK firms $3.64 per dollar lost
Financial institutions face a higher cost of $4.31.
Retail rents up 1.8% QoQ in 1Q24 amidst tourism surge
Tsim Sha Tsui led submarkets with a 2.6% increase.
Grade A office rent dips 2.5% QoQ in 1Q24
Major submarkets like Island East experienced decline in rents.
Hang Seng Bank floats Q1 dividend of HK$1.2 per share
The payment date is set for 6 June.
SME workers eye 3.8% salary hike in 2024: Prudential
Whilst pay was cited as the top factor to remain in their job, the survey also noted the importance of non-financial benefits for SME workers.
New campaign elevates incentive travel experiences in Hong Kong
The campaign offers over 100 new Hong Kong experiences.
No new applicants for sale of old buildings in Q1
Demand and investments for private residential units have slowed.
Hong Kong and Shanghai eye stronger healthcare collaboration
The two will push forward the “Healthy China” initiative.
Hong Kong and Shanghai strengthen ties across various sectors
Some areas of collaboration include the Belt and Road development and business investment, innovation and technology, digital economy, finance, and civil aviation.
Mainland residents granted extended 14-day business stay in HK
Application of the exit endorsement for talent to Beijing and Shanghai was also extended.
HK anticipates 112k private flats in next 3-4 years
It is up by 3,000 units from the previous estimate.
HK extends grant scheme to boost OFCs and REITs
The extended scheme will start accepting applications from 10 May.
Hong Kong aims to lead in IP trading
Key initiatives include recruiting diverse patent examiners and introducing a "patent box" tax incentive.