News

Jobless rate holds steady at 3% 

The number of jobless individuals however dropped by 1,700.

ZJLD applauds liquor tax cuts, bright prospects for premium Baijiu trade

The company noted that this can boost both the liquor industry and local economy. 

Lee says new subdivided units policy balances demand and market health

He also noted that the new system does not intend to make what is illegal legal.

Landlords turn to semi-retail tenants as office vacancy pressure mounts

They have also been offering attractive leasing packages to secure tenants.

Investment volume for 2024 to likely match $40b in 2023: CBRE

Local buyers like family offices and high-net-worth individuals are the key purchasers. 

Cathay welcomes three-runway system, Airport City expansion

The airline also supports efforts to strengthen air connectivity with Mainland China.

Gov't forms task group to set up new medical school

It will handle tasks like funding arrangements and programme accreditation.

HK industrial leasing demand remains sluggish

Third-party logistics firms and the automotive sector are leading leasing activity.

Gov’t eases mortgage measures to boost property market

The maximum loan-to-value ratio for all properties has been adjusted to 70%.

Gov’t proposes policy to reclassify compliant SDUs as basic housing units

This will allow owners of upgraded SDUs to apply for BHU recognition.

Julius Baer partners Cathay Pacific to promote SAF for sustainable air travel

This initiative is part of the bank’s decarbonisation efforts and climate targets.

2024 Policy Address: Leaders commend gov’t plans to reinforce financial sector

The government will continue to forge financial cooperation overseas. 

Hong Kong ranks as world's freest economy

Amongst the five areas of assessment, the city ranked top in ‘freedom to trade internationally’ and ‘regulation.’

2024 Policy Address: Gov’t promotes major transport infrastructure development

The construction of Hung Shui Kiu Station and NOL Main Line will commence this year and next year, respectively.

2024 Policy Address: Family office policies affirm HK's wealth management hub status

An analyst said the initiatives will boost investor confidence.