News

Unemployment rate sits at 2.8%

Unemployment rate sits at 2.8%

There were 112,100 unemployed people from June to August.

BOCHK warns of 9 fraudulent websites, phishing email

It has reported the case to local authorities.

BEA warns against 16 fraudulent websites

It has reported these sites to the local police and the HKMA.

Hong Kong’s drainage system prevented a greater impact: Guy Carpenter

The 2008 rainstorm alone generated HK$237m incurred claims.

Newly resumed flights helped increase Cathay Pacific’s travelers by 603%

It carried a total of 1,784,980 passengers in August 2023.

340 vehicle registration marks up for public sale in October

Applicants who paid the $1,000 deposit to reserve a mark are still asked to participate in the bidding.

Hong Kong luxury house prices down 1.5%: Knight Frank

Unsold inventory from new projects placed pressure on the market.

Five industrial buildings on sale for $1.4b: CBRE

Properties are planned to be developed into elderly homes.

Properties in Quarry Bay sold via public auction

The properties are located on Pan Hoi Street and King’s Road.

StanChart HK inks MOU to promote business, dev’t between HK and Dubai

This include promoting the growth of family offices, fintechs, and virtual asset industries.

AI-startup Fourth Paradigm plans to list on HKEX

The company’s cornerstone investors have subscribed to shares worth about US$96.8m.

Hang Seng names new head of commercial banking

She will take over Donald Lam beginning 14 October.

No new Earn orders amid HK investigation: JPEX

JPEX said third-party vendors are limiting their liquidity.

SFC warns public versus virtual asset trading platform JPEX

No entity in the JPEX Group is licenced by the SFC.

Limited supply hamper growth in HK’s super-prime market

The number of super prime homes sold in HK dropped from 67 to 42 in 2Q23.

HK, Dubai ink financial services partnership

The two markets will support the development of family office hubs, amongst others.