News
Approved mortgage loans soar 20.3% MoM in May
Approved mortgage loans soar 20.3% MoM in May
The increase was likely due to the uptick in applications during the same month.
Committee for care home manpower formed
It will be chaired by Dr. Lam Ching-choi.
Gov’t logs $71.9b deficit
The figure was only for the first two months of the current financial year.
Hong Kong Airlines resumes operations at Sanya Phoenix International Airport
HKA also has a new terminal at the Sanya airport.
Chart of the Week: Hong Kong’s card payments market to grow 4.8% in 2023
Growth of e-commerce will spur card payments’ growth even further.
Average wage rate up 3.2% in March
Ongoing economic recovery is expected to drive labour demand.
HKMA, local bank association launch charter to prevent credit card scams
The industry is directed not to send SMS with embedded hyperlinks.
Gov’t reviews criteria for approving elderly healthcare voucher scheme
It will soon accept applications from Mainland hospitals.
HK Airlines launches additional widebody aircraft to speed up business recovery
The airline is also boosting its recruitment by looking for local and global talent.
Gov’t greenlights 20 building plans in April
Of the plans approved, six are on Hong Kong Island.
HK’s double taxation deal with Mauritius takes effect
The pact was signed in November 2022.
MUFG Bank closes $7b sustainability-linked syndicated term loan facility
The bank arranged the facility for HK-listed manufacturer, Kingboard Holdings.
Hong Kong resumes Cheung Muk Tau developments
The public housing developments will provide 3,480 flats.
Hong Kong Airlines offers flights to Phuket
This new route will be open four times weekly.
Five HK banks, HKECIC team up to underwrite risk on domestic sales in China
The collaboration targets to boost insurance protection for Hong Kong exporters.
Hong Kong life insurance market to improve in two years: S&P
The life segment is predicted to jump by 20% o 25% in 2023.
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