News

Hong Kong backs new exit endorsement for talent policy

The policy will facilitate talent exchanges between Mainland China and Hong Kong. 

Hong Kong retail sales to climb by 13% in 2023: report

It is projected to amount to HK$395b (approximately US$50.3b). 

‘Sluggish’ economy drags residential market: report

The overall stamp duty revenue dropped 41.9%YoY in 2022. 

HK fosters cooperation with Saudi Arabia

CE Lee discussed possible collaboration on I&T development.

Foreign currency reserves hit US$436.9b in January

It expanded from the US$436.9b record in December.

Hong Kong’s Mox Bank launch time deposit products with up to 10% interest

New customers who open an account in February will avail an additional 9.7% time deposit rate.

How Watsons plans to tap Middle East’s fast-growing consumer market

The beauty company opened 17 stores in the region in just two years. 

HK-Mainland travel fully resumes

Given the resumption, the quota for cross-boundary travellers has been scrapped.

HK rises to fourth rank in global data centre market report

It improved its rank due to strong connectivity and consistent demand.

Standard Chartered clinches approval to set up securities firm in China

It will receive an initial capital injection of over $155m.

GSS Energy, MECOM partner for EV business dev’t in Southeast Asia

They will focus on Singapore, Thailand, Indonesia, and Malaysia.

Property sales rise by 24.2%

More than 4,400 sale and purchase agreements were recorded in January.

HKMA raises its base rate to 5.00%

The new rate took effect on 2 February.

ZA Bank names former chief executive of rival virtual bank as new CEO

Ronald Iu joined ZA Bank’s parent ZA International in February 2022.