Hong Kong
Retail sales grows 31.3% in February 2023
But provisional online retail sales dropped 4.1% to $2.6b.
Retail sales grows 31.3% in February 2023
But provisional online retail sales dropped 4.1% to $2.6b.
HK deposits dip 1.6% to $15.39t in February
Renminbi deposits decreased by 2.8% to RMB813.5b.
Linklaters advises creditors on Sunac China's $80.07b debt restructuring agreement
The agreement allows the company to extend the debt's maturity.
Mortgage loans up by 29.1% to $34.2b MoM
But loans for refinancing dipped by 8.8%.
Visa names Paulina Leong as Hong Kong, Macau market lead
Her role as the appointed General Manager is effective immediately.
Residential market to hop on recovery track: Knight Frank
In February, transactions climbed 40.3% MoM.
More than 9 million holiday travellers expected to visit HK
83.5% will be passing through the BCPs.
Mainland tourists could drive Hong Kong’s retail market growth up
Growth in the retail market could reach 25% or pre-pandemic levels.
Hong Kong explores measures to fill labour shortage
Importing foreign workers will continue if they prioritize local workers for opportunities.
What can lead Hong Kong’s economy to rebound
Economists predict economic growth of 3.5%-4.0% for Hong Kong.
Cathay Pacific, SPIC sign MOU for sustainable aviation fuel supply chain
This involves four SAF plants that are expected to be commissioned from 2024 to 2026.
Health planning amongst top financial goals of 3 in 10 Hongkongers
More than half use cash savings to accomplish such goals.
Hong Kong amongst cities with most ultra-prime residential sales
Ultra-prime properties are worth at least US$25m.
Residential property prices to rebound by 5%-8% in 2023
S&P Global cited China’s reopening as one of the reasons for its revival.
Ap Lei Chau buildings sold for $157m in public auction: JLL
The sites were sold to Sky Dynamic International Investments Limited.
Hong Kongers invited to submit views on minimum wage review
The first-stage consultation will be open until 24 April.
Hong Kong Airlines to offer 4-times weekly service for HK-Phuket flights
The flight offering will start on 16 June 2023.
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