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What Hong Kongers are saving their money for?
What Hong Kongers are saving their money for?
Inflation, however, is hindering them to pursue these goals.
Hong Kong is world’s second most expensive location globally: study
New York City takes the top spot as rents soar, whilst Hong Kong’s property demand fell.
High-profile crypto failures in 2022 drive stricter tax reporting
Tax reporting for crypto is rapidly becoming a global phenomenon.
Retail street rents to decline 10-15% YoY in 2023
Retailers are not optimistic about the sector’s outlook, according to Knight Frank.
First-hand, second-hand residential transactions to hit new low in 2022
Transactions will reach between 48,000 to 53,000 in 2023 from 45,000 in 2022.
Hong Kong’s livi bank, FWD General Insurance launch home insurance plan
Those who avail of the plan can enjoy insurance coverage of up to HK$5m.
Hong Kong rolls out roadmap to boost insurance sector
The roadmap seeks to enlarge insurance firms’ access to other markets amongst others.
Get to know this year’s top executives and companies at the 2022 HKB Management Excellence Awards
Winners were commended in digital awards presentations from 25 November to 9 December.
Hong Kong’s IPO funds to grow ‘nearly double’ in 2023
It is expected to reach between $180b-$200b, the PwC reported.
Port cargo throughput falls 11.1% YoY in Q3
The decrease in both inward and outward port cargo drove the overall decline.
Gov’t proposes regulatory regime on the use of autonomous vehicles
The bill will be up for the Legislative Council’s reading on 14 December.
The proposed new regulatory framework for the trial and specified use of autonomous vehicles –- Road Traffic (Amendment) (Autonomous Vehicles) Bill 2022 –- will be introduced to the Legislative Council on 14 December.
The Transport & Logistics Bureau, which proposed the bill, said autonomous vehicles technology has the promising advantage of enhancing road safety, optimising the use of limited road space and thereby reducing car accidents arising from human error.
In the Hong Kong Smart City Blueprint 2.0 published in December 2020, one of the smart mobility initiatives is to facilitate the technological advancement and industry development in Vehicle-to-Everything and autonomous vehicles.
The government then proposed amending the Road Traffic Ordinance and also empowering the Secretary for Transport & Logistics to make new subsidiary legislation, Autonomous Vehicles Regulation, to establish a suitable regulatory regime to facilitate the trial and specified use of autonomous vehicles.
7 high-end properties up for sale
The prices of the properties range from $18.2m to $550m.
Tenement buildings in Kowloon sold for $260m
It was sold to Apex Intelligence Limited.
Cathay opens experiential retail space in Cityplaza shopping mall
Customers can scan products through QR code and use flexible modes of payment.
Retail sales value edges up by 3.9% YoY in October
The total value stood at $31.9b.
Total loans, advances down 1.2% in October: central bank
Loans for use in the market were down by 1%.
Foreign currency assets down by $25.5b in October: HKMA
The decrease was attributed to the sale of US$ under currency board arrangements.
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