Hong Kong
Hong Kong food delivery services thrived in 2023: Deliveroo
Those aged 46 to 55 spent the most, with 30% spending HK$2,001 upwards per month
Hong Kong virtual insurers need to be ‘extra user-friendly’ – Consumer Council
The council urged the industry to enhance website functions and improve the disclosure of privacy policies to enhance consumer confidence in virtual insurance products.
Hong Kong digital insurer secures partnership, enters UAE market
This partnership aims to bolster support for web3 entities, including banks, custodians, and asset managers across the Middle East.
Hong Kong kicks off public consultation on the 2024-25 budget
The 2024-25 budget will pursue development aimed at promoting stability.
Exports to grow by 4% to 6% in 2024
Exporters will focus on cash flow management next year.
AirAsia X launches new Hong Kong-Kuala Lumpur route
The new route will operate larger widebody aircraft.
Evergrande to record $60.3m in Shanghai Henggen Real Estate exit
A unit of Evergrande will sell its 30% stake in Shanghai Henggen Real Estate for $727.3m.
Bank of China HK uses e-CNY for $5.1m cross-boundary settlement
It's a stepping stone towards the normalization of e-CNY use amongst BOCHK's corporate customers.
Hang Seng Bank’s prime lending rate remains 5.875% per annum
Its deposit savings rate also remains unchanged.
Grade A office market logs net absorption of 397,700 sq ft in 4Q23
All submarkets returned to positive territory except for Greater Central.
3 ways gov't can improve land tenders
There has been frequent withdrawal of government land lenders in Hong Kong.
4 ways gov't can support the residential market
The residential market's average monthly transaction volume in 10M23 was 25% below the previous 4-year average.
Hong Kong legal seas brace for influx of maritime lawyers
Hill Dickinson is amongst the firms that have recently begun expanding its global maritime practices.
Interest in global hiring growing amongst Hong Kong companies: report
HK-based companies are hiring talent from the Philippines, India, and more.
MTR rolls out contactless bank card payment for train rides
Visa will be the first bank card that will be accepted for payment.
High street shop rents rise 14.8% YoY in 2023
In 2024, experts expect rents to climb by only 5%-10%.