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Deposits inch up by 0.6% in November 2021
Deposits inch up by 0.6% in November 2021
Total loans and advances “remained virtually unchanged.”
‘Spend-to-Redeem Local Tours’ registration postponed: HKTB
Spending receipts issued since 10 December will remain eligible.
Happy holidays, one and all!
Hong Kong Business will be back on 3 January 2022.
9 in 10 Hong Kongers moved away from cash during pandemic: Visa
Payment card usage increased significantly this year, driven by security and convenience.
Export growth to slow down to 8% in 2022: HKTDC
Export growth in 2022 will be affected by four factors.
Insurers ‘on track’ to boost insurtech industry in Hong Kong
The industry is also supported by initiatives, such as Fast Track for licensing.
More than 70% of HK investors leaning to high risk, newer assets
One asset which investors showed interest in was cryptocurrencies.
HK has 3rd highest adoption rate of neobanks: EY survey
The city ranked behind Germany and Mainland China.
Cathay’s cargo business ‘exceptionally strong’ in November
The airline operated 71% of its pre-pandemic capacity during the month.
Resumption of quarantine-free travel to Mainland on track: Lam
HK officials to meet with Mainland officials on planned travel resumption.
HKEX lists first MSCI China A 50 Connect Index ETFs
A total of three EFTs listed on the bourse.
HK tightens rules for travellers from Mauritius and Sierra Leone
Non-residents who stayed in these counties within 21 days will be barred entry.
Index of industrial production for manufacturing industries grows 7.8% YoY
Q3’s IIP growth was higher compared to the previous quarter.
Business receipts of service industries rise in double-digits in Q3
Amongst industries, transportation had the highest growth, jumping 76.5% YoY.
Property market on ‘cusp of full recovery’ in 2022: JLL
Across submarkets, retail will have the strongest growth next year.
Patek Philippe and Tiffany & Co. celebrate 170 years of alliance
The manufacturer launched a limited-edition of Ref. 5711/1A-018 Nautilus wristwatch.
HSBC grants HK$1b green loan to Chinachem Group
The group plans to cut in half its carbon emissions by 2030.
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