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Foreign currency reserves amount to $495b end-September
Foreign currency reserves amount to $495b end-September
This represents about seven times the currency in circulation.
Relaxed mortgage financing causes shift in homebuyers' preference
Homebuyers may shift back to small flats, analysts say.
Nearly 2 in 5 HK adults will have virtual bank accounts by 2026
A total of 2,051,387 adults is projected to be virtual bank owners in five years.
Evergrande shareholder Chinese Estates offers to go private
The firm’s remaining stake is being bought at HK$1.91b.
Cathay Pacific supports HK-GBA strengthened connectivity initiatives
Specifically, it welcomes the planned establishment of a high-end aviation industrial cluster.
Northern Metropolis project to house 2.5 million people
But the number of homes to be built under the project are 'fewer than expected'.
Lam unveils plans to make HK a 'bridge' for int'l markets
Amongst the projects she laid out was the development of a 'smart port'.
Centaline, Midland sue debt-laden Evergrande over unpaid commissions
Embattled Chinese developer owes the agencies millions in commissions.
Nearly 9 in 10 Australian CPAs based in HK commit to net-zero goals
Meanwhile, 78% of HK CPAs also recognised their role in reducing CO2 emissions.
Here's why luxury apartment rentals dipped in Q3
Kowloon, New Territories rents declined slightly by 0.1% and 0.8%, respectively.
Green Tech Fund approves eight projects worth $39m
Local universities and a private enterprise submitted applications.
Property sales dip 6% MoM in September
Year on year, however, property sales are up 12.4%.
EU includes HK in tax cooperation watchlist
It looked into the non-taxation of certain foreign-sourced passive income.
Hong Kong’s office net absorption negative for 8th consecutive quarter
This marks the country’s longest local market down cycle in history.
Citi appoints head of natural resources & clean energy transition in Asia
William Pang will work with other NRCET leaders globally.
HK welcomes USD sovereign bonds
The government will announce the issuance arrangement separately later.
Total deposits slightly edge down by 0.1% in August
Meanwhile, total loans and advances increased by 0.3% in the same period.
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