Hong Kong

External interest rates have peaked, but expectations of pace of decrease differ, city’s finance chief says.

Seasonal fair in Causeway launches alongside 14 others across city on Sunday, marking return of hot food and merchandise vendors following pandemic.

Hong Kong banks have launched marketing campaigns to kick off the Year of the Dragon. The giveaways include fireworks dinners, lucky draws and air tickets to lock in new clients and entertain wealthy customers.

Lawmaker Perry Yiu says more such sporting events will help with the development of the tourism industry locally.

InvestHK says city could overtake Singapore for family offices, despite a big gap in numbers between the two jurisdictions at present.

Employer and employee representatives on Labour Advisory Board reach consensus on amendment to so-called 418 regulation.

Provisional figures released by Census and Statistics Department show retail sales in December rose 7.8 per cent year on year.

The banks’ decisions followed the Hong Kong Monetary Authority (HKMA), which left the city’s base rate at 5.75 per cent hours after the Fed kept its target range unchanged in its first policy move of the year.

Government spokesman says economy’s revival continued in fourth quarter, with inbound tourism and private consumption remaining key drivers.

Hong Kong banks’ net interest margin – the gap between the rate charged on loans and the interest paid for deposits – widened last year to the fattest in four years at 1.68 per cent, the HKMA’s data showed.

‘The new law aims to create a stable and safe environment so that when people attack us, we will be protected,’ city leader John Lee says.

A Hong Kong business group promoting environmental sustainability has joined flagship airline Cathay Pacific and 11 other partners to push for greater adoption of sustainable aviation fuel.

Tourism Strategy Committee meeting focuses on larger strategies to help Hong Kong become a popular tourist destination and details won’t come until later, insider says.