May 16, 2024
Finance

Hong Kong welcomes more than 11 million visitors in first quarter, finance chief Paul Chan says, more than double last year’s figures

“Inflation remained relatively moderate,” he said. “Visitor arrivals exceeded 11 million, providing certain support to the local retail, food and beverage, and transport industries.” The latest figures showed the number of visitors in the first three months of 2024 was more than double the number logged for the same period last year. The Tourism Board

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Loans

Exclusive | Hong Kong Monetary Authority asks banks to exercise caution when offering property loans for speculative ‘confirmor sales’

A confirmor sale occurs when a purchaser or confirmor enters into an agreement for the sale and purchase of a property with the owner or vendor, but before completion sub-sells the property to a sub-purchaser. A few such transactions have been noticed since the removal of the curbs by the Hong Kong government last week.

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