News
Customs extends FTA scheme to Myanmar and Honduras
Customs extends FTA scheme to Myanmar and Honduras
The FTA Scheme now covers cargo transshipments of 71 economies
DHL Express launches direct Hong Kong to Jakarta route
It is powered by the B737-800 freighter with a capacity of 20 tonnes.
No. 22 Kent Road mansion in Kowloon Tong up for tender
The tender will close on 22 November.
Bank of East Asia, UDPN test stablecoin transfers via digital currency wallets
BEA was able to gain insights on CBDCs and the mechanism of stablecoins.
Hong Kong financial services market grows 60%
This was due to the recovery of the city’s overall economy.
Hong Kong to focus on new development areas
Chief Executive John Lee outlined key development priorities.
Hong Kong home prices fall to eight-year low
Rent, on the other hand, has risen to its highest levels since August 2019.
Money woes break hearts for 1 in 3 couples: survey
Spending too much money and differences in saving habits were the top dealbreakers.
Hong Kong’s retail market contracts as locals travel abroad
Total retail sales value fell 11.8% to $29.1b in July.
Grade A offices rents decrease by 6.5% in August
Office rents declined to HK$62.6 per sq ft.
Mortgage loans down 12.2% to $21.8b
Applications also fell by 12.2% MoM to 5,919.
Hong Kong hits lowest maiden listing volume since Q1 2023
In Q3, the market only raised US$886m.
Hong Kong M&A deals fall 38.6% YoY in 9M24
It marked the lowest 9M record since 2012.
Wantian partners with Hin Sang to expand in the functional food market
The partners plan to establish 100 health soup chain stores within three years.
Hong Kong deposits see modest growth in August, up 1.1% YoY
Year-to-date, total deposits have grown by 5.0%.
HK halts poultry imports from parts of US due to bird flu outbreak
The decision follows a WOAH notification about outbreaks in California and Florida.
Mobile operators can soon install facilities without fees in new buildings
This is effective starting 1 April 2025.
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