GMT EIGHT - Economy&politics - Hong Kong

Land Registry of Hong Kong: Residential building sales contracts in Hong Kong increased by 54.4% year-on-year in June.

In the above-mentioned sales contracts, the residential building sales contracts account for 5,955, with a monthly increase of 16.7% and a year-on-year increase of 54.4%; the total value of residential building sales contracts is 61.1 billion yuan, with a monthly increase of 59.7% and a year-on-year increase of 77%.

Hong Kong Securities and Futures Commission: The comprehensive fund platform order delivery service helps significantly improve the efficiency of the fund distribution ecosystem.

On July 3, Hong Kong Exchanges and Clearing Limited (Hong Kong Stock Exchange) announced the official launch of the Order Routing Service of the Integrated Fund Platform (IFP). The Securities and Futures Commission of Hong Kong (SFC) issued a statement welcoming the introduction of the Order Routing Service on the Integrated Fund Platform by Hong Kong Exchanges and Clearing Limited (Hong Kong Stock Exchange).

JPMorgan Chase: Hong Kong IPO market remains hot and expects "A+H" to be an important driving force

Bai Sijia said that the Hong Kong new stock market remains hot, with IPO fundraising exceeding one trillion in the first half of the year. It is expected that in the future, "A+H" will still be a major driving force in the Hong Kong new stock market.

The Hong Kong dollar interest rates are almost across the board falling, with the one-month interbank interest rate hitting its lowest level since June 23rd.

The Hong Kong Interbank Offered Rate (HIBOR) has seen a nearly across-the-board decrease, with the overnight rate rising slightly to 0.02039%, and the one-month rate related to mortgage loans dropping 1.708 basis points to 0.7125%, the lowest since June 23rd.

HKEX launches comprehensive fund platform order transmission service.

The Hong Kong Stock Exchange today announced the official launch of the Integrated Fund Platform (IFP) order delivery service, facilitating more effective connections among key participants in the fund distribution ecosystem to help enhance efficiency in the Hong Kong fund market.

Gao Li: This year, the rental of Grade A office buildings in Hong Kong has dropped by 10% year-on-year, while rental for prime street shops has increased by 3%.

Recently, Knight Frank released a report predicting that the rent for Grade A office buildings in Hong Kong will drop by 10% compared to last year, while the rent for prime street level shops will increase by 3%.

KPMG: Hong Kong ranked first in the global IPO fundraising rankings in the first half of 2025, with the total amount of funds raised increasing seven times compared to the same period last year.

According to the latest report published by KPMG, "China Mainland and Hong Kong IPO Market Mid-Year Review 2025", the Hong Kong IPO market has recorded its strongest performance since 2021 in the first half of 2025, with total funds raised increasing 7 times compared to the same period in 2024.

Hang Seng Index Company: The results of the review of the Hang Seng Index Series for the second quarter of 2025 will be announced on Friday, August 22nd.

The Hang Seng Index Company will announce the results of the review of the Hang Seng Index Series for the second quarter of 2025 on August 22, 2025 (Friday).

Cheung Wan Mortgage: Hong Kong's new building mortgage in June increased by more than 30% to reach a 22-month high. The mortgage for new properties increased by 50.9% to 560 cases compared to the previous month.

Thanks to the fall in HIBOR, mortgage rates have dropped, and market factors supporting the property market. In June, there were 6,508 newly registered mortgages for residential properties in Hong Kong, an increase of 32.3% year-on-year.

KPMG: Strong resilience of Hong Kong banking industry in 2024, steady growth in asset operations.

Facing a challenging macroeconomic environment and the impact of trade tensions, the banking industry in Hong Kong continues to demonstrate strong resilience.

Hong Kong Development Bureau: Adding new economic forces to the northern metropolitan area to help integrate Hong Kong's innovation and technology with the Greater Bay Area.

Ning Hanhao stated that Beijing's support is crucial to Hong Kong as it can help overcome the constraints of land shortage in Hong Kong and also contribute to the development of innovation and technology, deeply participating in the construction of the Guangdong-Hong Kong-Macao Greater Bay Area.

The Hong Kong government appoints the Deputy Director of the Department of Health, the Chairman of the Hospital Authority, and the Chief Executive Officer.

The Hong Kong government announced personnel appointments today. Dr. Fan Wanwen has been appointed as the Deputy Director of the Department of Health, and Dr. Li Xiayin has been appointed as the Chief Executive of the Hospital Authority. The current chairman of the Hospital Authority, Dr. Fan Hongling, has been reappointed.

In May, the total sales value of the retail industry in Hong Kong was temporarily estimated at HK$313 billion, an increase of 2.4% year-on-year.

A spokesperson for the Hong Kong government stated that the retail industry in Hong Kong showed improvement in May 2025. The total sales value of the retail industry increased by 2.4% compared to the same period last year.

The Hong Kong Special Administrative Region Government announced the "Guangdong-Hong Kong-Macao Greater Bay Area Express" plan, aiming to officially launch and implement it in November.

The Director of the Hong Kong Special Administrative Region Government Transport and Logistics Bureau, Chen Meibao, announced that after consultation with relevant departments in Guangdong Province, a consensus has been reached to officially launch the "Guangdong vehicles heading south" plan in November.

Xu Zhengyu: Starting from August 1st, the Hong Kong Monetary Authority will begin accepting applications for stablecoin licenses. Institutions are welcome to apply according to their actual business needs.

The "Stablecoin Regulation" will take effect on August 1st this year, when the Hong Kong Monetary Authority (HKMA) will start accepting license applications.

Meridian: Hong Kong's mortgage for new buildings in June increased by more than 30%, reaching a 22-month high. Mortgage for pre-sale units increased by over 40%, reaching a 3-month high.

In June, the number of new mortgage loans for existing buildings was 6,772, an increase of 33.9% from the previous month, marking the second consecutive month of increase and reaching a 22-month high. On a year-on-year basis, there was a 37% increase.

Survey: 24% of respondents have a negative impression of digital banks, only 30% of users choose it as their primary account.

The survey on user experience of Hong Kong digital banks shows that 24.1% of respondents have a poor impression of digital banks, only 31.7% of respondents consider digital banks as their main account.

Hong Kong Tourism Board: Will continue to further develop IP, link with catering, retail and tourism, and implement "tourism everywhere".

The Hong Kong Special Administrative Region Government will continue to support the creation, development, and collaboration of intellectual property (IP) by combining innovative thinking with the advantages of technology, animation, performing arts, and film and television culture. This is aimed at attracting more tourists to experience the unique cultural heritage of Hong Kong. The government also hopes that the catering, retail, and tourism industries will make good use of IP projects to explore business opportunities together, and jointly implement the concept of "tourism everywhere".

Hong Kong SAR Government: As of the end of May, more than 480,000 applications have been received for various talent immigration schemes, with over 210,000 talented individuals already arriving in Hong Kong.

Hong Kong Chief Secretary for Administration, Matthew Cheung Kin-chung, mentioned that as of the end of May, the various talent admission schemes have received over 480,000 applications, with over 210,000 talents having arrived in Hong Kong.

The Insurance Authority of Hong Kong has disciplined two licensed brokerage firms for failing to segregate client funds and purchase adequate professional indemnity insurance.

Storing separate customer accounts and purchasing adequate professional indemnity insurance are basic regulatory requirements designed to protect policyholders, Any insurance intermediary that fails to strictly comply with these requirements will face corresponding disciplinary actions.

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