News

Gov’t deficit rises to $275.75b 

In August, the deficit was at $183b.

Approved mortgage loans drop 4.7% MoM in October

The drop was likely due to the decrease in applications during the same month.

Rising interest rates, weakening economy dampen residential property demand

Residential sales were down 18.8% MoM in October, according to the Land Registry.

DBS Asia Capital names Lindsay Chu as new CEO

Prior to joining DBS, has worked senior roles in HSBC, Nomura, and J.P. Morgan.

HK, Guangdong launch cooperation projects on IP 

The projects cover areas such as cross-boundary IP protection.

Exports value drop 10.4% YoY to $374.77b in October

The deterioration of the external economic environment contributed to the fall.

Grade-A Office rents down 1.8% MoM in October

The downward rental trend will continue for the rest of 2022.

Dah Sing Bank joins Mastercard’s Priceless Planet Coalition

As a banking partner, Dah Sing Bank will raise customer awareness towards reforestation.

Global financial leaders looking to hire more HK talent: Chan

The financial leaders' summit boosted the market's financial status.

Over 4,800 hotel units to be converted into homes

The TPB has received at least seven planning applications since 2020. 

Hong Kong’s construction prices remained steady: JLL

The average fit-out cost is US$130 per sqft.

Public feedback on FTA with Peru sought

Those interested may send feedback until 24 December.

Over 40 trades completed in first few weeks since Core Climate launch: HKEX

Core Climate is the market’s new global carbon marketplace.

How the government plans to facilitate tourism industry recovery

It has committed to expanding business operations amidst COVID-19 containment.