Hong Kong residents are becoming increasingly annoyed with the administration’s insistence on sticking to Beijing’s zero-COVID strategy as the city posted another record number of new cases ... ( read original story ...)
Hong Kong’s $22 billion budget for 2022 includes COVID-19 measures, stimulus
Hong Kong on Wednesday unveiled a massive $22 billion budget, which contains new measures to fight COVID-19 and stimulate the island's sagging economy amid a new wave of infections. ( read original story ...)
Budget 2022-2023: Hong Kong opens funding tap to make more mortgage loans available for first-home buyers, dealing a blow to ‘nano flat’ builders
The available mortgages on homes with a loan-to-value ratio of 80 per cent will increase to between HK$10 million and HK$12 million in the fiscal 2022/23 budget First-home buyers who qualify for the ... ( read original story ...)
Hong Kong Budget: Progressive property rates could see owners of pricier flats paying more
Hong Kong aims to introduce a progressive rating system for residential properties that would see owners of pricier flats paying more in property rates, the city’s financial chief announced on ... ( read original story ...)
Hong Kong’s rents deferment plan for certain SMEs only a short-term solution, industry observers say
The government should clarify whether rents could be paid in instalments after the deferral period, if business continued to be bad, industry body executive says HSBC and Hang Seng Bank vow to help ... ( read original story ...)
HSBC Will Temporarily Shut Down Its Hong Kong Branches from 5 March
Hong Kong is suffering from severe rise of covid-19 infections. Major banks in the country announced that they will temporarily close from 5 March, ... ( read original story ...)
Here are the Winning and Losing Shares From Hong Kong’s Budget
Hong Kong’s retailers and financial firms may benefit from the city’s annual budget, which includes pandemic relief measures like consumption vouchers and more investment schemes to connect with the ... ( read original story ...)
In full: Hong Kong Budget 2022
Financial Secretary Paul Chan has delivered the 2022 Hong Kong budget. HKFP’s coverage in full: ・HK$10,000 consumption vouchers for all ・Gov’t pledges over HK$54b to fight Covid-19 ‘on all fronts and ... ( read original story ...)
Hong Kong’s coronavirus surge leaves the most vulnerable without a place to isolate
As cases sweep through the cramped territory, denizens of tiny apartments search for places to quarantine and isolate as stipulated by law. ( read original story ...)
Hong Kong’s coronavirus surge leaves the most vulnerable without a place to quarantine
As cases sweep through the cramped territory, denizens of tiny apartments search for places to quarantine and isolate as stipulated by law. ( read original story ...)
Hong Kong to give cash handouts as Covid cases hit record level
Hong Kong launched a new round of cash handouts as the city struggles to contain China’s biggest outbreak of coronavirus since the start of the pandemic, even as economists warn ... ( read original story ...)
Virtual Lenders Shake Up Hong Kong’s Banking Industry
There are some signs that is happening. Winston Yung, a managing partner at McKinsey & Co. in Hong Kong, pointed to traditional banks’ ongoing efforts to keep up with the innovations of their digital ... ( read original story ...)
Hong Kong’s Covid Budget; HSBC Bankers Grounded: Virus Update
Sanofi and GlaxoSmithKline Plc, which stumbled in the race to develop a Covid-19 shot, found their vaccine protects against severe disease and hospitalization and will submit data to regulators for ... ( read original story ...)
Hong Kong unveils $22bn budget as ‘zero COVID’ hammers businesses
Finance chief admits businesses facing ‘intense pressure’ amid restrictions that have shut down much of the city. ( read original story ...)