Hong Kong shares finished down on Friday ... amid growing doubts over the Trump administration's ability to implement its economic agenda. The Hang Seng index fell 1.1 percent, to 27,047.57 points, while the China Enterprises Index lost 1.0 percent ... ( read original story ...)
Hong Kong shares fall on late profit taking
Hong Kong shares finished down on Tuesday, falling late in the session after profit-taking pressures overcame support from a strong performance in banking shares. The Hang Seng index fell ... for most of the trading day, bank stocks strengthened after ... ( read original story ...)
Hong Kong shares lower on profit taking; Tencent rises 1.9 pct
SHANGHAI, Aug 17 (Reuters) - Hong Kong shares closed slightly down on Thursday as profit-taking outweighed solid gains by gaming and social media firm Tencent after the company posted better-than-expected quarterly earnings. The Hang Seng index fell 0.2 ... ( read original story ...)
Hong Kong’s role in the yuan’s ongoing journey to achieve global prominence
As a finance professional working in Hong Kong for the past two decades, John Tan Ming-kiu never dreamed he would end up dealing with Beijing regulators, nurture a Taiwanese banking franchise, or see the dim sum bond market kick off. But the changes ... ( read original story ...)
BOC Hong Kong to launch mixed-asset fund amid bullish outlook on Chinese stocks and bonds
The asset management unit of Bank of China Hong Kong (BOCHK) said it will launch a China-themed mixed asset fund next week amid the bullish outlook for Chinese stocks and bonds. The BOCHK All Weather China Income Fund will invest 70 per cent in Chinese ... ( read original story ...)
The crowdfunded news agency risking all for Hong Kong scoops
When journalists working for Hong Kong's fledgling Factwire news agency hit the streets of Mong Kok last week, they were looking for evidence to support a shocking story of abduction and torture. Just hours before, Howard Lam, a veteran activist and a ... ( read original story ...)
Hong Kong banks offer this year’s lowest mortgage rates for two projects in Tsuen Wan
HONG KONG: Competition in the mortgage loan business among banks in Hong Kong is heating up, with some partnering with mortgage brokers to offer this year’s lowest mortgage rate to buyers of two new developments in Tsuen Wan. Centaline Mortgage Broker ... ( read original story ...)
Hong Kong legal chief denies political motive in jailings as criticism mounts
HONG KONG (Reuters) - Hong Kong's legal chief denied any "political motive" in seeking jail for three young pro-democracy activists on Friday, responding to a Reuters report that he had overruled other legal officials who had initially advised against ... ( read original story ...)
Hong Kong divided over how to remake bourse to lure startups, as consultation draws to a pause
Hong Kong’s financial industry professionals are still divided over how they can remake the city’s stock exchange to make it the world’s most attractive place for startups and technology firms to raise capital, even as the first round of a public ... ( read original story ...)
Rivals Chinachem and Cheung Kong Property square up for buyers at adjacent developments in Tsuen Wan
Two of Hong Kong’s major developers appear to be locked in a local price war, with Chinachem Group offering a residential project in Tsuen Wan on Wednesday at prices as much as 20 per cent lower than those at Cheung Kong Property’s latest development ... ( read original story ...)
Hong Kong Home Prices Rise Despite Beijing’s Regulative Crackdown
According to a separate report from the Chinese government, Hong Kong’s housing affordability has further deteriorated, with the proportion of income spent on mortgages having risen to 67 percent in 2Q17, compared to that of 56 percent a year ago. ( read original story ...)
Hong Kong Home Prices to Grow 15 Percent in Coming 30 Months
Our analysis shows that around 1.27 million households with an income over HKD 28,000 per month can afford to buy private housing using a combination of savings and financing 70-80% of the balance through banks, non-banks and the Hong Kong Mortgage ... ( read original story ...)
A Look At The Potential Blockchain Holds For The Mortgage Industry
“The average mortgage application includes a staggering 500 pages ... of a blockchain technology solution for property valuation by the Bank of China Hong Kong (BOCHK) and Hong Kong Applied Science and Technology Research Institute (ASTRI). ( read original story ...)
Hong Kong, the world’s most expensive housing market, just got even pricier
Hong Kong’s housing affordability ratio, which measures the proportion of income spent on mortgages, worsened to about 67 per cent for the April-June quarter, the government said on Friday, up from 56 per cent in the year-earlier period. The latest ... ( read original story ...)