Daily news from Hong Kong

Most Read

In 2022, Hong Kong has slowly regained its attractiveness as a property investment destination, and amongst to thank are the city’s realtors who were determined to end the city’s downcycle. In recognition of their hard work, HKB listed 17 realtors under 40 who displayed leadership in their respective communities.

Why is Hong Kong robust in the energy war?

Unlike the rest of the world, Hong Kong has a more secure and diverse energy supply, making it resilient to brownout threats and reducing exposure to the highest energy costs seen in many countries at this time. For example, the nuclear electricity supply from Daya Bay Nuclear Power Station is extended up until 2034.

No spacious homes for Hong Kong’s poor anytime soon

Hong Kong’s poorest families hoping to live in more spacious houses can bid their dreams goodbye because the per capita living space issue in the city will not be resolved anytime soon, especially after the average waiting time for public housing was extended to a record-breaking 6.1 years by end of March 2022.

Why tax deduction on domestic rents is not really a win for tenants

When the legislation allowing tax deduction on domestic rents was passed by the Legislative Council, it was called an “ease to the burden” of taxpayers who are renting; however, a law expert argues that the bill is not necessarily a win for tenants. “The reality is that only a small proportion will reap the full benefit.”

Here are five bad habits in insurance according to HK’s insurance regulator

For a market ranking first globally in insurance penetration according to research firm Swiss Re Institute, it is surprising that Hong Kong’s insurance literacy rate stood only at 52%. “There was a general understanding about policyholders’ rights, insurance principles and product features, but limited knowledge of risk exposure.”

Achieving board diversity is more than giving additional seats to women

Contrary to what most headlines say, achieving board diversity is not a numbers game of how many seats should be given to women or the young, but rather a fight to eliminate a “groupthink” mindset. Based on a Heidrick and Struggles study, only 30% of board seats are given to women in Hong Kong.