Hong Kong's URA signs HK$13 billion bank loan amid deficit

Jan 2, 2025 · The URA, which operates its accounts separately from the Hong Kong government, has been in the red for two years in a row, posting a HK$3.9 billion deficit in the 2023-24 fiscal …

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Hong Kong's URA Signs HK$13 Billion Bank Loan Amid Deficit

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Jan 2, 2025 · The URA, which operates its accounts separately from the Hong Kong government, has been in the red for two years in a row, posting a HK$3.9 billion deficit in the 2023-24 fiscal …

hongkongfp.com

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New Round Of E-voucher To Inject 13 Billion Spending Power Into …

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Jul 16, 2023 · He stated that according to the Hong Kong Monetary Authority's statistics, the total transaction volume of stored value payment facilities was HK$138.5 billion in the first quarter …

thestandard.com.hk

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China Unveils US$13 Billion Trade Finance Facility In Boost To Yuan …

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Jan 13, 2025 · The People's Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) will offer a 100 billion yuan (US$13.6 billion) liquidity facility for banks to help their …

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Hong Kong Stocks Leap By Most In 18 Months After China Unveils …

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Sep 24, 2024 · Hong Kong stocks jumped by the most in 18 months after China pledged new financing tools worth 800 billion yuan (US$113.7 billion) for buying shares and cuts in …

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Hong Kong Urban Renewal Authority To Sign $1.7 Billion Loan

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Dec 16, 2024 · Hong Kong’s Urban Renewal Authority is set to obtain a HK$13 billion ($1.7 billion) five-year loan with a group of banks, according to people familiar with the matter, …

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Hong Kong Aims To Cut Costs As Deficit Expected To Hit Nearly …

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Jan 4, 2025 · The estimated deficit for the 2024-25 financial year had initially been put at HK$48.1 billion (US$6.2 billion) in last February’s budget, though Chan had since suggested the …

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China Market Update: Mainland Buying Makes Up Half Of Hong

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Dec 30, 2024 · Both Hong Kong and Mainland China bounced around the room on decent volumes considering the holiday season. One factor in the volumes was $947 million worth of …

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More Than 30 Companies To Invest HK$30 Billion In Hong Kong To …

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Oct 4, 2023 · More than 30 foreign and mainland Chinese companies have pledged to invest about HK$30 billion (US$3.83 billion) in Hong Kong, which the city’s leader said would “help …

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SAR Proposes New Funding Initiatives, Institutional Restructuring …

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Oct 16, 2024 · The administration proposed redeploying the HK$1.5 billion Innovation and Technology Venture Fund, which could lure HK$4.5 billion in market capital based on the new …

chinadailyhk.com

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Hong Kong’s $38 Billion Year For M&A Sparks Rare Bidding Wars

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Dec 12, 2024 · Hong Kong’s benchmark Hang Seng Index is on track for its first annual gain since 2019, rising more than 18% so far this year, boosted by a sharp rally in September. Despite …

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Hong Kong To Set Aside HK$10 Billion For New Fund To Support …

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Oct 25, 2023 · Hong Kong will set aside HK$10 billion (US$1.28 billion) in government funds to support emerging industries, including advanced manufacturing and biotechnology, and …

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Hong Kong’s US$38 Billion Year For M&A Sparks Rare Bidding Wars

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Dec 12, 2024 · At US$38 billion, the volume of mergers and acquisitions (M&A) targeting Hong Kong-listed firms is the highest since 2017, according to Bloomberg data. ... The trend would …

businesstimes.com.sg

FAQs about Hong Kong's URA signs HK$13 billion bank loan amid deficit Coupon?

Why did Hong Kong get a HK$13 billion bank loan?

Hong Kong’s cash-strapped Urban Renewal Authority has secured a HK$13 billion bank loan to fund its redevelopment projects. ...

Does Hong Kong have a redevelopment deficit?

The redevelopment body has been in the red for two years in a row, posting a HK$3.9 billion deficit in the 2023-24 fiscal year and a HK$3.5 billion deficit in 2022-23. Hong Kong’s cash-strapped urban renewal body has secured a HK$13 billion bank loan to fund its redevelopment projects. ...

Why did Hong Kong stocks jump the most in 18 months?

Published: 10:03am, 24 Sep 2024Updated: 5:29pm, 24 Sep 2024 Hong Kong stocksjumped by the most in 18 months after China pledged new financing toolsworth 800 billion yuan (US$113.7 billion) for buying shares and cuts in borrowing costs as part of a broad package of stimulus measuresto bolster the economy and the equity market. ...

How will Hong Kong's budget reshape its competitiveness?

Plans to deepen innovation and technology, attract tourist and investment dollars as well as prioritise spending on new sectors are, collectively, a clear pivot from previous years’ Budgets to address Hong Kong’s waning competitiveness and narrow the fiscal deficit, say analysts. ...

What will Hong Kong's economy look like in 2023?

Hong Kong’s economy is expected to experience a growth rate of 3.5 to 5.5 percent in 2023. In addition, the economy is predicted to achieve an average growth rate of 3.7 percent per year in real terms from 2024 to 2027, surpassing the growth trend of 2.8 percent experienced in the decade before the pandemic. ...

How many transactions are there in Hong Kong?

The number of transactions exceeds 1.8 billion, with an average amount of HK$77. Among them, the transaction volume of physical sales points increased by more than 36 percent, reflecting that electronic payment has become more widely used in daily life. ...