Hong Kong property firms have shifted their attention to buying whole, completed buildings outright in the city’s central districts, as their aggressive and deep-pocketed mainland rivals bid up the price of land to sky-high levels. Vincent Cheung Kiu-cho ... ( read original story ...)
HSBC Holdings plc (Hong Kong) (0005) Is Yet to See Trading Action on Oct 4
Shares of HSBC Holdings plc (Hong Kong) (HKG:0005) closed at 77.45 yesterday. HSBC Holdings plc (Hong Kong) currently has a total float of 20.40B shares and on average sees 20.36 million shares exchange hands each day. The stock now has a 52-week low of 56 ... ( read original story ...)
Bangladesh Bank rejects City request to set up subsidiary in HK
DHAKA: Bangladesh Bank has declined to give City Bank the permission to set up a subsidiary company in Hong Kong given the declining imports from the Asian nation. The private bank in its application in October last year said it would provide trade ... ( read original story ...)
Hong Kong-listed China shares hit two-year high, led by banks
Hong Kong & China Ga (HOKCF) is on trader's radar as the shares ... indicator used to describe if a market is trending or not trending. China's central bank on Saturday cut the amount of cash that some banks must hold as reserves for the first time since ... ( read original story ...)
World Bank raises Asia growth forecast, warns of NKorea risk
HONG KONG (AP) — The World Bank raised its growth forecast for the developing economies of East Asia and the Pacific on Wednesday but warned that risks included rising protectionism and escalating tensions over North Korea. In an update to its annual ... ( read original story ...)
Banks boost Hong Kong stocks as oil price fall dents Sydney equities
Hong Kong was the best performer among Asia Pacific bourses on Wednesday ... from a Sunday cut to their reserve requirement ratio. Industrial and Commercial Bank of China rose 1.8 per cent. Tokyo’s Topix index was flat, but Japan Display was far and ... ( read original story ...)
Fraudulent website related to Hang Seng Bank, Limited
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Hang Seng Bank, Limited on a fraudulent website, which has been reported to the HKMA. Hyperlink to the press release is available on the HKMA website ... ( read original story ...)
Hong Kong stocks surge as banks, insurers lead
HONG KONG, Oct 4 (Reuters) - Hong Kong stocks rose on Wednesday, extending gains made in the previous trading session, with Chinese banks and insurers leading the surge after China’s central bank cut reserve ratios over the weekend. The blue chip Hang ... ( read original story ...)
Hong Kong shares rise, Japan falls in quiet Asian trading
HONG KONG — Asian shares were mixed in holiday-thinned trading on Wednesday as investors brushed off Wall Street's latest advance into record territory. KEEPING SCORE: Japan's benchmark Nikkei 225 index gave up early gains, slipping 0.1 per cent to ... ( read original story ...)
ASIA MARKETS: Hong Kong Stocks Flirt With 10-year High
amid big gains in Chinese property developers and index heavyweight (0700.HK) The internet giant rose another 0.8% in early action, hitting fresh record highs. It has surged 85% in 2017. Hong Kong markets will be closed Thursday, while there is no trading ... ( read original story ...)
Why You Need To Be Careful About Buying Property Sight Unseen
According to the Real Estate Institute of Australia, selling real estate sight unseen is becoming more popular with international buyers keen to snap up property here A Hong Kong buyer recently purchased a home on Sydney's North Shore for $3.65million ... ( read original story ...)
Hong Kong | Apartment sets Asia price record amid gov’t curbs
A luxury home in Hong Kong set a price record for apartment sales in Asia, even as the government seeks to tame property prices in the world’s least affordable market. The penthouse duplex unit in Henderson Land Development Co.’s 39 Conduit Road ... ( read original story ...)
Imagine Hong Kong with affordable housing and universal pension for all
How much of Hong Kong’s political poison would drain away if the city supplied enough land—and, yes, there is plenty available; don’t believe the Great Land Crunch myth perpetuated by fat-cat property developers and their cronies in government —to ... ( read original story ...)
Hong Kong stocks flirt with 10-year high
amid big gains in Chinese property developers and index heavyweight 0700, +0.63% The internet giant rose another 0.8% in early action, hitting fresh record highs. It has surged 85% in 2017. Hong Kong markets will be closed Thursday, while there is no ... ( read original story ...)