News

Hong Kong Fintech Week 2024 kicks off on 28 October

Hong Kong Fintech Week 2024 kicks off on 28 October

InvestHK expects to draw about 30,000 attendees from 100 economies across the globe.

More than a third of HK consumers say their income increased in the last three months

This marks a seven-percentage point year-over-year (YoY) jump from Q3 2023.

Grade A office market net absorption steady, high street leasing up in Q3: report

The residential market stays stagnant despite the Fed rate cut.

HSBC appoints William Chan as investment head for global insurance

He leads a team of investment specialists in Hong Kong.

HK Express launches cross-platform partnership with Klook

As part of this, the airline is rolling out a series of promotions.

Rate cut and soaring stocks may boost housing market

With 109,000 available housing units, pressure on secondary prices is expected to persist.

Hong Kong records 1.38 million visitors during National Golden Week

The daily average of Mainland visitors was around 170,000.

HK and Macau conduct drill for cross-boundary ambulances scheme

The pilot scheme's next phase will be considered upon operational experience.

HK ranks 4th amongst leading global sources of cross-border capital

Top three asset classes include the industrial, multifamily offices, and office sectors.

Interest rate cut in retail set to boost disposable income

The single-digit vacancy rate in high-street shop rents grew by 1% QoQ in Q3 2024.

HK Express launches direct flights to Hualien starting 12 December

It is the airline’s fourth destination in China. 

Grade A offices rent fell 16% QoQ in Q3

Net absorption totalled 125,400 sq. ft., staying positive for a fifth consecutive quarter.

HK suspends poultry imports from Hungary, US due to H5N1 outbreak

This comes after a notification from respective organisations about the cases. 

Gov't calls on businesses to use plastic alternatives as deadline nears

The regulation has driven a trend of waste reduction across sectors.

HK launches $3b Artificial Intelligence Subsidy Scheme

Eligible users may be subsidised up to 70% of the service list price.