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More HZMB private car quotas set

The governments of Hong Kong and Macau have agreed to increase the regular quotas for Hong Kong cross-boundary non-commercial private cars using the Hong Kong-Zhuhai-Macao Bridge to Macau, the Transport Department announced today.   The decision was made to enhance traffic flow between Hong Kong and Macau, better utilising the bridge, the department said.   It will increase the Hong Kong quota by 1,000, following the earlier quota allocation of 1,800 for Hong Kong.   The additional quota will be distributed in two phases from the second quarter.   Half of the additional 1,000 quota allocations is for company applicants and the other half is for individual applicants. The quotas are valid for no more than three years. The eligibility criteria of quota applications remains the same.   Private cars allocated with Hong Kong quotas will be permitted to access the city of Macau multiple times using the bridge.   The Hong Kong quota allotments will be re-allocated upon expiry thro

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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