News

Housing Bureau, HA launch “well-being design” guide

The guide consists of eight booklets, covering eight well-being concepts. 

Wharf Hotels rebrands Marco Polo Hotels

The change was to address the ‘bleisure’ trend. 

Hong Kong’s insurance premiums climb 5.1% YoY in H1 2024

Both long-term and general business recorded YoY growths.

HK inks health emergencies pact with Mainland China, Macau

Under the cooperation, the three places will communicate about infectious diseases.

Hong Kong's REIT sector faces sharp valuation decline

Meanwhile, its average leverage ratio rose to 30.2% in 2023 from 27.8% in 2022.

Five industrial buildings in Sai Kung worth $950m for sale

The total site area is 129,526 sq ft whilst the gross floor area is approximately 383,579 sq ft. 

Hong Kong fines WeChat Pay HK for legal breaches

WeChat Pay Hong Kong self-reported the case.

Cathay to buy back warrants from gov't for $1.5b

The group expects to repurchase the warrants for at least HK$1.5b. 

New World Development warns of $19b to $20b loss for FY 2024

The group cited asset impairments, losses, and higher interest rates for the decline.

Retail sales value drops 11.3% YoY in July

Retail sales volume also dropped 13.3% YoY.

Mortgage loans up 1.5% MoM in July

Mortgage loans approved in July total $24.8b.

Hong Kong reappoints RTHK chairman of the board

Five incumbent members of the board were also reappointed.

HSBC Singapore names James Coyle as independent non-exec director

Coyle had previously served on the boards of HSBC UK and HSBC Trust.