News

Gov’t approves 10 building plans 

Gov’t approves 10 building plans 

The approved plans are for residential, commercial, and industrial developments.

Lantau Island site sold for $203m

APEX King was the successful tenderer.

Gov’t heightens penalty for illegal car-hailing activities

New measures include increasing the maximum fine and term of imprisonment for violators.

HKEX CEO retires, new leadership will take over next year

CEO Alejandro Nicolas Aguzin will be replaced by Bonnie Chan Yiting beginning 24 May 2024.

Gov’t to amend land redevelopment bill

The amendment will expedite the consolidation of property interests.

HKMA reprimands TNG Asia for inadequate compliance systems

The HKMA has reprimanded and ordered TNG to pay a pecuniary penalty of HK$1.6m for contravening section 8Q of the PSSVFO.

What you need to know about the Capital Investment Entrant Scheme

Applications for the scheme will begin in mid-2024.

Unemployment rate remains at 2.9%

There were 112,400 unemployed people from September to November.

ZA Bank’s Global Transfer service helps save HK$4m in transfer fees

Over 90% of the international money transfers are completed within a day’s time.

Digital fraud trends peaked during the holiday shopping season - TransUnion

72% of Hong Kongers are concerned with being victimised by online fraud this holiday season.

Gov’t implements NSL amendment

The amendment seeks to avoid national security risks.

Hong Kong food delivery services thrived in 2023: Deliveroo

Those aged 46 to 55 spent the most, with 30% spending HK$2,001 upwards per month

Hong Kong virtual insurers need to be ‘extra user-friendly’ – Consumer Council

The council urged the industry to enhance website functions and improve the disclosure of privacy policies to enhance consumer confidence in virtual insurance products.

Hong Kong digital insurer secures partnership, enters UAE market

This partnership aims to bolster support for web3 entities, including banks, custodians, and asset managers across the Middle East.

Hong Kong kicks off public consultation on the 2024-25 budget

The 2024-25 budget will pursue development aimed at promoting stability.