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Posted on 11/01/2023

Grade A office rents in Hong Kong down 7.6% for full-year 2022

Rents declined 2.3% in the final quarter of the year. According to a recent Savills report, Hong Kong Grade A office rents slipped by another 2.3% in Q4/2022, with more moderate declines recorded in Kowloon East and Kowloon West (-1.

Posted on 11/01/2023

A Chinese bank is offering customers a Pfizer COVID-19 vaccine if they deposit $500,000 into an account

A Hong Kong-based bank is offering customers an express reservation for a Pfizer shot after cross-border restrictions with mainland China were lifted.

Posted on 11/01/2023

Malaysia Open: Hong Kong badminton pair Tang and Tse kick off new season with win, as Ng and Lee crash out in singles

Kin-wa joined the Post after working for the Hong Kong Sports Development Board and the government for more than a decade. Previously, he was at the Standard for six years. Kin-wa

Posted on 11/01/2023

Hong Kong faces new-home glut in 2023 as more than 40,000 flats could hit the already shaky property market

Ricacorp Properties The nearly two-decade high in new supply could depress prices in the short term, especially in specific areas, analysts say Hong Kong property developers are putting the finishing ...

Posted on 11/01/2023

Hong Kong home buyer optimism up as China reopens

That is an encouraging sign for a market where combined new and used home sales slumped last year to the lowest level since at least 1996, data tracked by Centaline Property Agency (中原地產) showed. The ...

Posted on 11/01/2023

Refund of excessive tax reserve certificates purchased plus interest in unsettled Hong Kong tax dispute cases

Lewis Lu and John Timpany of KPMG China discuss a court judgment on a refund of excessive tax reserve certificates purchased together with interest in an unsettled tax dispute case.

Posted on 11/01/2023

Hong Kong hits back after UK asks city to stop ‘targeting’ media tycoon Jimmy Lai; Asia minister meets his legal team in London

Jimmy Lai is a British citizen. The UK government must not only respond to his UK lawyers but support them in their efforts to free him,” Mark Clifford, the foundation’s pr ...

Posted on 10/01/2023

Hong Kong dedicated to crypto advancements amidst industry crisis

Hong Kong has been consistently reaffirming its favourable attitude towards crypto over the past year, making it the most crypto-friendly country in 2022 ...

Posted on 10/01/2023

Hong Kong IPO outlook 2023: back from the brink

After a miserable 2022 with total fundraising dropping almost 70%, the market consensus is that Hong Kong’s initial public offering (IPO) market will get better in the New Year largely driven by a ...

Posted on 10/01/2023

Hong Kong’s exchange vies to regain top IPO spot, opens US office

The bourse saw a fall of 68% in total proceeds raised last year compared to 2021, but capital markets have shown signs of recovery.

Posted on 10/01/2023

Chinese bank tries to entice wealthy customers with mRNA vaccines

A Chinese state-owned bank in Hong Kong is offering customers one shot of an mRNA vaccine if they make a deposit of HK$4mn (US$512,277), as it seeks to entice mainland clients who have until now only ...

Posted on 10/01/2023

Hong Kong’s ZA Bank launches debt consolidation program Debt Changer

Users can defer payment for a month for every 12 month tenor they take. Hong Kong’s ZA Bank has launched Debt Changer, a debt consolidation program which enables users to defer repayment for up to 6 ...

Posted on 10/01/2023

13 Hong Kong domestic helpers among 18 arrested in police probe into HK$35 million money-laundering scheme

Domestic helpers along with five ringleaders detained in series of police raids on Monday Women alleged to have been recruited to open bank accounts taken over by syndicate to launder cash A total of ...

Posted on 10/01/2023

Citi entices Hong Kong’s ultra-wealthy with first-ever Global Wealth Centre

The 10,000-square-foot space is staffed by senior bankers and specialists. Citi is ramping up its global wealth strategy with the launch of its very first Global Wealth Centre in Hong Kong: a curated ...

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