Hong Kong
2023 GDP growth to be above 3%: FS Chan
Export of services will be the main growth driver for the rest of the year.
2023 GDP growth to be above 3%: FS Chan
Export of services will be the main growth driver for the rest of the year.
Foreign currency reserves hit US$416b in September
It increased from the US$415.7b record in September.
Hong Kong real wages to rise by 1.7% in 2024
Next year's growth is slightly lower than 2023's record.
‘Emotional loyalty,’ the new way retailers retain customers
In Hong Kong, one in two consumers buy only from brands they trust so keeping that relationship exciting pays off.
Hong Kong cap rates increase in Q3
The gross yield of commercial properties in Hong Kong ranges from 2.85%-4.60%.
HKIA imposes five-year ban on ex-insurance agent
The former agent mishandled and misappropriated premium payments from two policyholders.
Visa launches updated security roadmap for Hong Kong
Amongst initiatives include reduction of SMS OTP reliance and adoption of tokenisation.
Property sales down 24.5% MoM in October
Year-on-year, sales dropped 33.9%.
BOCHK net income up 20.8% to US$6.21b in 9M 2023
Net interest margin rose 36 basis points during the first nine months of 2023.
GDP up 4.1% in Q3: advanced estimates
Tourism and private consumption will underpin growth; exports remain weak.
No changes to Hang Seng Bank’s HKD prime lending rate
Its HKD savings deposit rates also remain unchanged.
Bank of China Hong Kong keeps HKD prime rate, deposit rate steady
Savings accounts with over HK$1m will enjoy a 0.001% pa additional bonus rate.
HSBC Life reveals new leadership appointments
Winnie Ching, Raj Kumar, and Alison Law will report to CEO Greg Hingston.
Retail sales up 13% YoY to $31.8b in September
Online retail sales accounted for 11% of the total value.
Nine in 10 firms lost staff members in H1
Higher salary is still the top reason why people are changing jobs.
Government logs $177.7b deficit in H1
The government expenditure was $355.6b from April to September.
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