Hong Kong

The slight dip follows June’s revised monthly gain of 0.2%

[HONG KONG] Hong Kong’s Chief Executive John Lee said on Wednesday (Aug 26) that the Asian financial hub’s first five-year plan would be released on September 16 followed by the annual policy address, public broadcaster RTHK reported.

The forecast gain would mark an acceleration in luxury rental values at a time when broader property sales remain under pressure

Exports rose almost 51% from a year earlier

More than half of the country’s super-rich individuals make use of offshore family trusts, reports show

Singapore and Hong Kong each boast asset management industries worth more than US$5 trillion

Analysts say MAS’ announcement is timely and sends a ‘strong signal’ of Singapore’s drive to grow the sector

Measures comprise new tax-exemption scheme, hedge fund investment programme, initiative to attract foreign talent

The move is a challenge to Singapore and Dubai, both of which have made efforts to attract asset managers