News

Hang Seng Bank names Shelley Zhou as head of corporate sustainability

The new executive will head its sustainability division.

Annual rental rate for stores in core retail districts to see an 8% YoY growth

Colliers said economic recovery will drive the rate up for the year.

Hang Seng Bank upgrades Hysan Avenue Branch to become pet-friendly

The branch offers a designated pet-friendly waiting area.

Hong Kong exports fall 20.9% in Q1

Prices of exports were 4.5% higher, however.

HK, Chongqing establish a cooperation mechanism

The parties will work together in 11 areas, including the Belt & Road Initiative.

HK's commercial real estate sales climb 15% YoY to US$2.6b in Q1

The city is amongst the only two major markets to post an increase in investment volume.

Commercial real estate volume drops 10% YoY to $12.56b in Q1

Most transactions in Q1 were primarily small mid-sized private capital deals.

Gov’t passes family office tax relief measure

The tax concession for FIHVs will be applicable for assessment commencing on or after 1 April.

Gov't to kick off construction works for Kwu Tung Station mid-2023

The station is under the Northern Link project that connects New Territories and Kowloon.

Manulife HK and Macau insurance sales rise 26% to HK$1.66b in Q1

Critical illness plans and deferred annuity plans increased by over 40%.

Number of applications for business support fund rising amidst return to normalcy

As of February 2023, HKPC approved around 5,700 applications.