News
Measure proposed to strengthen prosecution vs overcharging water bills
It proposes to mandate parties who charge water costs to keep receipt copies.
Measure proposed to strengthen prosecution vs overcharging water bills
It proposes to mandate parties who charge water costs to keep receipt copies.
Gov’t allocates $100m to boost SME’s tech adoption and competitiveness
The services of SMEs will be enhanced in the next five years.
Gov’t seeks to expand coverage of FSIE regime
The expanded regime will cover more assets.
HKMA surpasses Singapore on highest forex reserves, ranks 7th globally
Hong Kong Monetary Authority reported HK$3.13t forex reserves in Q2 2023.
Citi settles first trades on HKEX Synapse
Synapse is a settlement acceleration platform.
Towngas installs governor kiosks with IoT and solar energy
The kiosks, now known as smart governors, will be doubled to 200 next year.
Citi sells onshore consumer wealth portfolio to HSBC Bank China
The transaction is estimated at $3.6b.
Use of AI amongst HK enterprises likely to become mainstream next year
Five in 10 enterprises plan to utilise AI in various areas of operations in 2024.
Government’s retail green bond receives over 300,000 valid applications
It also attracted a subscription amount of $30b.
bolttech Insurance, Trip.com tie up for travel insurance
Plans for home and pet insurance products are in the talks.
HK raises red travel alert for IsraelÂ
The government advised travellers to avoid going to Gaza and areas near the Syrian and Lebanese borders.
HK approves contracts for 4,680 workers in the construction sector
The Labour Department expects the imported labour to alleviate manpower shortage.
Lands Department issues 13 pre-sale consents in 3Q23Â
The pre-sale consents involve 8,993 units.
Peak Re boasts better first-semester results
Net profits rebounded to $106m.
Hang Seng, CEFAR Academy link up to create insurtech through insurance arm
This collaboration falls under the HKMA’s Industry Project Masters Network (IPMN) scheme.
HK forms working group to monitor, investigate virtual asset trading platforms
Securities and Futures Commission and the Hong Kong Police Force formed the working group.
Hong Kong Airlines resumes direct flights to Kumamoto
Flights to the Japanese city will resume on 2 December.
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