The South China Morning Post scooped 10 prizes in the Newspaper Society’s 2016 Hong Kong News Awards. The Post swept the Best English News Writing category, bagging all three prizes. Chief reporter Niall Fraser won top prize for his article, “Licensed ... ( read original story ...)
Andy Warhol portrait of Mao goes on auction in Hong Kong
These are external links and will open in a new window An Andy Warhol painting of Chairman Mao is to be auctioned in Hong Kong - and it could go to a Chinese bidder for a "homecoming" of sorts. The portraits immortalised the founder of China's Communist ... ( read original story ...)
Reasons Why Hong Kong Property Is So Expensive
Mar.16 -- Peter Churchouse, chairman at Portwood Capital, discusses Hong Kong's property market and why it will be an important issue in the upcoming election for a new chief executive. He speaks to Bloomberg's Rishaad Salamat and Haidi Lun on "Bloomberg ... ( read original story ...)
HSBC cuts mortgage loan rate
Hong Kong and Shanghai Banking Corp is cutting mortgage rates to another low of HIBOR plus 1.28 percent, despite the US interest rate hike.For mortgage loans above HK$10 million, the lender has reportedly reduced the rate from the previous H+1.3 percent ( read original story ...)
Hong Kong’s starter-home boom may soon be over
The Hong Kong government has unveiled eight rounds of counter-cyclical measures to curb home prices since 2009. The authorities have mainly targeted medium and large flats initially. For example, in August 2010, it cut the mortgage loan ratio from 70 ... ( read original story ...)
Poly to offer smallest units in Kai Tak, at just 228 sq ft
Hong Kong mortgage rates remain low despite the US deciding to raise interest rates. It will not negatively affect home-buying interest Virginia Kao, head of sales and marketing at Poly Property (Hong Kong) “Hong Kong mortgage rates remain low despite ... ( read original story ...)
HSBC says to keep best lending rate at 5 percent in Hong Kong
HONG KONG HSBC Holdings Plc (0005.HK) (HSBA.L) said on Thursday it would maintain its best lending rate at 5 percent in Hong Kong, even after the central bank raised its benchmark interest rate by a quarter point for the second time in three months. ( read original story ...)
HSBC says to keep best lending rate at 5 pct in Hong Kong
HONG KONG, March 16 HSBC Holdings Plc said on Thursday it would maintain its best lending rate at 5 percent in Hong Kong, even after the central bank raised its benchmark interest rate by a quarter point for the second time in three months. The Hong Kong ... ( read original story ...)
Hong Kong unions to park 500 taxis near Legco to protest against government’s franchised taxi plan
Taxi drivers are planning to park some 500 cars near the Legislative Council on Friday as part of a protest against the Hong Kong government’s proposal on franchised taxis, unions said on Thursday. The government plan will allow an additional 600 ... ( read original story ...)
Hong Kong central bank raises interest rates after Fed move
HONG KONG: Hong Kong's central bank raised its benchmark interest rate by a quarter point for the second time in three months on Thursday, following a similar move by the U.S. Federal Reserve and said capital outflows will not pose challenges for the economy. ( read original story ...)
Hang Seng Index closes at 19-month high on Fed 'slow but steady' rate view
The Hang Seng index ended up 2.1 percent at 24,288.28 points ... as widely expected. The move was matched by Hong Kong's central bank, as the city's currency is pegged to the U.S. dollar, but some commercial banks kept their best lending rates unchanged. ( read original story ...)
Hong Kong Losing Sheen Makes Cathay Business Model Obsolete
Being known as Hong Kong’s flagship carrier may best represent what’s wrong with Cathay Pacific Airways Ltd. The city of about 7.3 million people may no longer be capable of supporting a premium-service airline, especially when the 48 passenger-service ... ( read original story ...)
Hong Kong hit with second base interest rate rise in three months after US Fed decision
The Hong Kong Monetary Authority, the city’s de facto central bank, said this morning that it would raise the base rate by 25 basis points to 1.25 per cent, the second rate increase in three months, following the US Federal Reserve’s overnight move. ( read original story ...)
Hong Kong finance, property shares jump after cbank rate increase
HONG KONG, March 16 Hong Kong financial and property shares climbed on Thursday after the central bank raised the base rate charged through its overnight discount window by 25 basis points to 1.25 percent, tracking a hike by the U.S. Federal Reserve. ( read original story ...)