Hong Kong
HSBC Life Hong Kong issues most expensive life insurance policy
HSBC Life Hong Kong issues most expensive life insurance policy
The Hong Kong insurer has issued policies worth at least US$50m over the past year.
Tech companies struggle to hire professionals skilled in emerging tech: report
Two in 10 tech talent are not on the lookout for new jobs.
Towngas supports govt's green initiatives in Budget speech
Amongst the measures is the promotion of green methanol bunkering for vessels.
HK's office vacancy rate climbs to 12.9% in January
Central experienced a vacancy rate increase to 10.4% by the end of January.
Gov’t injects $100m to boost tourism
The fund will go to the establishment of a Mega Events Coordination Group.
HK’s land supply surplus to reach 14%
The potential land supply for the year is expected to reach a total of 15,000 units.
More SME support announced in Budget speech
All enhancements will take effect for the 2024-2025 assessment year.
Gov’t unveils plans to promote I&T and health tech sectors
The gov’t allocated over $25b for projects in these sectors.
Gov’t sets aside $4.3b to support IP trading and creative arts branding
The IP trading and the creative industry received funding of $45m and $4.3b respectively.
Hang Seng Bank expresses support of budget measures for SME, financial market
Amongst initiatives were the advancement of digital finance and support for SMEs.
China Wantian Holdings targets market expansion, broader shareholder base as 2024 drivers
It has also incorporated ESG considerations into its discussions with clients.
Navigating uncertainties in investment landscape through strong risk assessment
UOB Asset Management looks at seven key risk areas in investment management and does not allow more than two risks.
Budget 2024-25: Gov’t cuts salaries and profits taxes
The government will reduce salaries tax for the 2023-24 tax year by 100%, subject to a ceiling of $3,000.
Rollback of property cooling measures to spur sales, but no silver bullet to recovery
Analysts estimate up to a 15% sales increase, although prices may still fall in 2024.
One Causeway Bay to be up for lease
The redeveloped building will provide around 500,000 sq ft of office space.
StashAway launches wealth management offering for Hong Kong’s HNWs
HNW clients make up 65% of StashAway’s AUM in the city.
Hong Kong and Shenzhen strengthen environmental collaboration
Chemical treatment process results showed reduced phosphorus discharge into Ng Tung River and Shenzhen River.
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