Hong Kong’s drawndown mortgage loans in March rise 17.8% m/m

HONG KONG: New mortgage loans drawn down in Hong Kong totalled HK$24.9 billion in March, up 17.8 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Friday. Following is the breakdown of data from HKMA: 2017 2017 March Feb M/M ... ( read original story ...)

Is Hong Kong Realty Peaking?

It’s a favorite topic in Hong Kong’s traditional cha chaan teng , or tea shops: How much higher can property prices go? Housing in the Asian finance hub is already the world’s most unaffordable, having surged nearly 200% since the financial crisis in ... ( read original story ...)

HK-Champagne deal signed

Secretary for Commerce & Economic Development Gregory So has signed a deal to boost Hong Kong's wine business with Champagne, France. The deal will facilitate co-operation in wine education and training, culinary arts, tourism and trading activities. ( read original story ...)

BRIEF-ICBC posts Q1 financial results

Says non-performing loans ratio at 1.59 percent at end-March * Says capital adequacy ratio at 12.98 percent at end-March Source text in English: bit.ly/2oSaQJN Further company coverage: ($1 = 6.8972 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) ( read original story ...)

$3 Million at Stake in Entrepreneur Fund Startup Challenge

The Alibaba Hong Kong Entrepreneurs Fund Thursday kicked off a $3 million startup competition to help young companies build up their businesses and promote Hong Kong as a center for innovation and entrepreneurialism. In conjunction with Hong Kong Cyberport ... ( read original story ...)

Have Hong Kong's youth lost hope in the future?

These are external links and will open in a new window "The Hong Kong we know isn't dying. It's already dead." That's the assessment of Jennifer, 29. She came from a modest family background, but studied hard and graduated with a degree from one of Hong ... ( read original story ...)