The Exchange Fund, reserves held to defend the Hong Kong dollar, made a huge HK$57.1 billion (US$7.33 billion) investment gain during the first quarter of the year – a 137 per cent increase on last year at this stage (HK$24.1 billion ) – thanks to ... ( read original story ...)
Hong Kong’s Throngs of Thousands Defy Bid to Cool Housing Market
Buyers queue to get a shot at newly-released developments Newspaper describes property market as ‘becoming crazier’ Snaking queues of thousands of prospective apartment buyers in Hong Kong signaled authorities have made no progress in cooling a red-hot ... ( read original story ...)
China Tower invites banks to pitch for role in up to $10 billion HK IPO: IFR
has invited investment banks to pitch for a role in a Hong Kong IPO worth up to $10 billion, IFR reported on Monday. The IPO would take place in late 2017 or early 2018, said IFR, a Thomson Reuters publication, citing people close to the deal. China Unicom ... ( read original story ...)
Lenovo’s struggling mobile business sets sight on high-end market
which need brands and innovative products, whereas emerging markets need efficiency," Chairman Yang Yuanqing said of Lenovo's mobile business at a press conference in Hong Kong on Thursday. "So we will have two teams catering to the two kinds of markets ... ( read original story ...)
Airline review: Qantas business class, Sydney to Hong Kong
For full functionality of this site it is necessary to enable JavaScript. Here are the instructions how to enable JavaScript in your web browser. Boeing 747-400; Qantas has retained nine of this aircraft in its fleet, with reconfigured cabins along the ... ( read original story ...)
HK financial secretary questions Moody’s over downgrade
HONG KONG: Moody’s Investors Service’s decision to downgrade Hong Kong’s debt rating last week was based on “shallow” evidence, Hong Kong financial secretary Paul Chan wrote in a blog. “The evidence on which the ratings company mechanically ... ( read original story ...)
Hong Kong property cooling moves set to fail as shadow lenders fill the gap
HONG KONG Hong Kong's latest attempt at cooling home prices in one of the world's most expensive property markets is expected to send buyers scouring for loans in the unregulated shadow banking industry, spreading risk across the financial sector. ( read original story ...)
Hong Kong should batten down the hatches for another round of political battles
Then, at the weekend, he took out a stick. Earlier, Zhang told a delegation of senior Hong Kong business representatives in Beijing that the “key mission” of the incoming administration of Carrie Lam Cheng Yuet-ngor was to focus on improving people’s ... ( read original story ...)
‘Out of context’: Muslim group in Hong Kong condemns UK far-right party for sharing MTR brawl video
A Muslim organisation based in Hong Kong has condemned a British far-right group for sharing a video of a brawl on a train in the city as part of its anti-immigrant “propaganda” ahead of the UK election on June 8. The Muslim Council of Hong Kong has ... ( read original story ...)
Couple successfully circle Hong Kong Island coastline, putting its polluted areas on the map
Paul Niel and Esther Röling emerged wet, exhausted, but elated when they arrived at Siu Sai Wan, Chai Wan on Sunday evening after a groundbreaking journey around Hong Kong Island. The couple successfully completed a round-the-island expedition in which ... ( read original story ...)
Tips on what to do at Singapore, Bangkok or Hong Kong airport on a layover
SkyMart in Terminal 1 has the usual swank array of luxury brands such as Prada, Jimmy Choo, Burberry and an outlet for Hong Kong's very own Shanghai Tang ... along Des Voeux Road until you get to the Hang Seng Bank, take the Mid-Levels escalator up ... ( read original story ...)
Asian shares mixed as oil’s fall counters Wall St gains
Hong Kong's Hang Seng dipped less than 0.1 percent to 25,619.42 and the Shanghai Composite index in mainland China climbed 0.3 percent higher to 3,117.47. Australia's S&P/ASX 200 lost 0.8 percent to 5,7474.80. Taiwan's benchmark fell and indexes in ... ( read original story ...)
Asia Jumps Amid Trade Talk, N. Korea Nukes
The Nikkei 225 deducted 14.05 points, or 0.1% to 19,869.85 Hong Kong’s Hang Seng Index gained 215.25 points, or 0.9%, to 25,371.59 Japanese conglomerate Toshiba reported a 950-billion-yen net loss for the last financial year. The results were not audited. ( read original story ...)
Sensex, Nifty trade flat; Asian Paints top loser post Q4 earnings
Asian shares inched up Friday with the Shanghai Composite trading up 11 points and Hang Seng index trading 15 points higher ... Macy's fell over 17 per cent. Bank of England holds key interest rates. Crude logs strong gains. ( read original story ...)