Risks in Hong Kong’s property market are now “very high,” according to the city’s financial secretary, who says local households could find themselves over-leveraged as interest rates rise. Speaking in Hong Kong’s Legislative Council on Monday ... ( read original story ...)
High risks ahead for Hong Kong’s ‘exuberant’ property market, finance chief Paul Chan warns
Financial secretary Paul Chan Mo-po has warned that risks in Hong Kong’s “exuberant” property market are “very high” as interest rates will go up as many as three more times this year. He revealed that property prices in the city surged 6.5 per ... ( read original story ...)
Guangzhou Rural Bank launches up to $1.1 billion Hong Kong IPO
HONG KONG Guangzhou Rural Commercial Bank Co Ltd (GRCB) launched a Hong Kong initial public offering worth as much as $1.1 billion on Monday, seeking funds for potential M&A and to open new branches as it expands its lending and investment businesses. ( read original story ...)
Hong Kong stocks set to open higher after record high on Wall Street
The Hong Kong market is likely to open higher Monday, tracking Wall Street which hit a record high on Friday. Hang Seng Index futures dropped 0.04 per cent, or 11 points to 25,702 in the pre-trade session on Monday morning, while Hang Seng China ... ( read original story ...)
Guangzhou Rural launches up to $1.1 bln Hong Kong IPO -IFR
HONG KONG, June 5 (Reuters) - Guangzhou Rural Commercial Bank Co Ltd (GRCB) launched a Hong Kong initial public offering worth up to $1.1 billion on Monday, IFR reported, citing a term sheet of the transaction sent to investors. The IPO, which will raise ... ( read original story ...)
Thousands join Hong Kong vigil for Tiananmen Square anniversary
Hong Kong, a former British colony that returned to Chinese rule in 1997, is the only place on Chinese soil where a large-scale commemoration takes place, symbolizing the financial hub's relative freedoms compared with the mainland. This year's events are ... ( read original story ...)
Hong Kong marks 28 years since bloody Tiananmen crackdown
Thousands of Hong Kongers are expected at a candlelight vigil Sunday for victims of the Chinese government's brutal military crackdown nearly three decades ago on protesters in Beijing's Tiananmen Square. The evening gathering in downtown Victoria Park is ... ( read original story ...)
Hong Kong should add global stocks for mainland investors to trade, SFC’s Tong says
International companies that have raised capital on Hong Kong’s stock exchange should also be available to mainland Chinese investors under the city’s so-called Stock Connect schemes, said the Securities & Futures Commission’s chairman Carlson Tong ... ( read original story ...)
Hong Kong remains stranded in the wake of mainland China’s post-Tiananmen growth
Tiananmen only heightened Hong Kong’s uncertainty about 1997. But looking back, what looked like a revelation of cruel and absolute truth has today been rendered impermanent and transient. China is now the second-largest economy in the world. Over the pa ... ( read original story ...)
Hong Kong homebuyers undeterred by mortgage rate rises in seeking Kai Tak flats
Homebuyers appear undeterred by the increase in mortgage rates by Hong Kong’s biggest banks this week, snapping up over 95 per cent of flats from the latest batch on offer at Victoria Skye at the old Kai Tak airport site. Demand for apartments remained ... ( read original story ...)
Offshore yuan term deposit rate tipped to soar in Hong Kong
Passersby walk in front of the main branch of Standard Chartered in Hong Kong. The bank is one of the lenders in the city that hiked the renminbi term deposit interest rates on Thursday. [Photo/Agencies] Financial analysts attribute prediction to high ... ( read original story ...)
Famine to feast for Hong Kong food truck organisers, as they cash in at Dragon Boat Festival
The struggling Hong Kong food truck industry may have finally found a winning recipe with operators saying they are doing brisk business at this weekend’s Dragon Boat Festival Carnival in Central. For the first time since the restaurants on wheels rolled ... ( read original story ...)
Tears of joy as Hong Kong’s primary school places announced, despite low success rate
The fight for places in Hong Kong’s most coveted primary schools was once again fiercely competitive this year, with parents taking their children to more interviews in a bid to secure the spot of their choice. While parents who did manage to land their ... ( read original story ...)
Meet the Hong Kong-Australian comedian making fun of Chinese mums, MTR train drivers and Wellcome supermarket workers
The former consultant, whose mother is former Hong Kong model Maria Quinlan (Shu Ling Ling) and father is acclaimed Australian composer Noel Quinlan, recently supported British stand-up comedian Russell Howard for a show at Baptist University. As a self ... ( read original story ...)