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BUSINESS GOVirtual Expo & Conference 2022

BUSINESS GOVirtual Expo & Conference (BUSINESS GOVirtual), the Hong Kong's first physical B2B "Tech x Business" event in the post-pandemic period, gathers leading IT companies and solutions providers under one roof to demonstrate their latest technologies. It is also the platform where showcases the key technological advancements for social and business engagement in the new digital era. The development of the Greater Bay Area is accorded the status of critical strategic planning in the Chinese government's blueprint, with great significance in China's initiative on innovation-driven development. Strategically held in Hong Kong, the international innovation and technology hub, BUSINESS GOVirtual serves as a communication platform for tech companies to exchange ideas, collaborate and foster partnerships. On top of the physical event, the brand new "GOVirtual OMNI," an online platform for the Expo and Conference, welcomes regional exhibitors and visito

Mortgage loans down 1.7%

Residential mortgage loans approved in January decreased 1.7% compared with December to $37.8 billion, the Monetary Authority announced today.   Mortgage loans financing primary market transactions fell 22.5% to $5 billion, while those financing secondary market transactions increased 1.5% to $27.1 billion.   Those for refinancing rose 6.8% to $5.8 billion. Mortgage loans drawn down during the month dropped 5.9% to $24.9 billion.   The number of mortgage applications in January increased month-on-month by 15.1% to 13,112.   The outstanding value of mortgage loans increased month-on-month by 0.6% to $1.5909 trillion at the end of January.
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