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Julia Zhong
Intern
Julia Zhong is a bachelor's student majoring in international financial journalism from Hong Kong Baptist University.
The average rent for private residential properties in Hong Kong in July reached the highest level since October 2021 and will increase 8 to 10 per cent for the full year, according to the property agency says.
Mainland Chinese are rushing to open bank accounts in Hong Kong, buy insurance policies and investment products or swap their cash for local or US currency as the yuan slumps to the weakest since October.
The HSBC GBA Sustainability Fund, which aims to support companies in the Greater Bay Area in lowering their carbon emissions, has been increased from an initial US$5 billion to US$9 billion.
Japanese beer company Asahi plans to widen its footprint in mainland China, targeting major cities like Shanghai and Shenzhen in the initial phase before a nationwide expansion in the world’s largest beer market.
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Rents increased 1.15 per cent in July, according to Centaline’s Centa-City Rental Index, which tracks 138 housing estates across the city, and could climb by another 1.74 per cent in the third quarter.
A slowdown in public markets has hurt demand for office leasing in Hong Kong, but a turnaround in deal activity with a boost from blockbuster listings could improve the prospects for the second half of the year, according to real estate firm Savills.
Alternative energy, energy technology, battery storage and generative AI sectors remain areas of interest for venture capital investment in the Asia region.
Like young monarchs, suddenly thrust at the helm of their family’s legacy, China’s Gen Z and millennials are returning home to oversee decades of business growth in difficult times.
Hong Kong residents with family members holding residence permits in Shenzhen are eligible for the first time for government-subsidised housing after authorities relaxed rules to help low-income families get on the property ladder.
Experts say Beijing may unveil further relaxation measures that could increase residential market transactions in the nine mainland cities in the Greater Bay Area, after volumes slumped in the second quarter.
The Hong Kong Association of Registered Public Interest Entity Auditors said that one in every three accounting firms currently lacks 20 per cent of the needed manpower, and more than half are actively recruiting.
Homebuyers can look forward to big discounts and competitive prices as developers release flats at levels seen five years ago in a bid to lock in sales before further rate increases and looming supply.
Without solid plans, investors are wary of taking first steps even though they are generally supportive of the ambitious 627-hectare San Tin Technopole project in the northern New Territories, consultancy says.
Finance is the top career choice for graduates globally including Hong Kong, as they believe the sector offers better pay and growth prospects, according to a CFA Institute survey.
City’s rental market is looking up again as landlords continue to reap the benefits of economic reopening, with students and professionals signing up new leases ahead of time, according to a Centaline index.
