The Hong Kong Bankers Club is looking for a new home as the landlord Hongkong Land wants to lease its 7,000 square feet premises in Gloucester Tower to a restaurant operator in a bid to attract more traffic to its interconnected Landmark shopping centre ... ( read original story ...)
HKMA poised to launch HK$150 million pilot bond scheme
In 2017, Hong Kong’s total issuance of US dollar, euro, yen and local currency denominated bonds was US$467 billion, according to data from the Asian Development Bank. That was 10 per cent of Asia’s total – excluding Japan’s total bond issuance of ... ( read original story ...)
Fitch sounds warning on HK banking system’s integration with China
Fitch has issued a warning over the increasing integration of Hong Kong’s banking environment with China’s financial system. The ratings agency has downgraded its view on the operating environment for Hong Kong’s banks due to what it says is the ... ( read original story ...)
Hong Kong Election Bans Could Extend to Candidates at District Level
Legal opinions in Hong Kong indicate that the candidacy requirements for district council elections should be the same as those set for the Legislative Council (LegCo), the Sing Tao Daily News reported on Wednesday. Prospective candidates who don't sign a ... ( read original story ...)
Hong Kong’s Economy Continues to Defy Gravity
Hong Kong’s economy continues to defy gravity, for now. The world’s least-affordable property prices continue to hold up, tourism and shopping have rebounded as China’s economy hums along, and a bustling stock market that’s set to boast one of the ... ( read original story ...)
Hong Kong Airlines A350 Business Class In 10 Pictures
Hello from Los Angeles! After flying Ukraine International Airlines to Europe, Vietnam Airlines to Shanghai, and then Cathay Dragon to Hong Kong, my last flight of this review trip was from Hong Kong to Los Angeles on Hong Kong Airlines. I had never flown ... ( read original story ...)
Hong Kong exported more construction waste to mainland China than it sent to city’s own facilities in 2017
Hong Kong exported more construction waste to mainland China last year than it sent to the city’s own overflowing facilities, according to government statistics. About 13.5 million tonnes of inert construction and demolition waste, or public fill ... ( read original story ...)
Five other Hong Kong stars who, like Joey Yung, bought properties for millions of dollars recently
4. Nicholas Tse Ting-fung Another artist who has bought his parents property as a gift is Nicholas Tse, who in 2017 bought a HK$85 million flat at The Somerset in Repulse Bay, on Hong Kong Island’s upscale South Side, for his father, Patrick Tse Yin. ( read original story ...)
Hong Kong homes are over-valued: IMF
Hong Kong homes are over-valued, a warning echoed by the IMF's ... ultra-low interest rates and an influx of capital, property prices have soared beyond the affordability of ordinary citizens,” Financial Secretary Paul Chan then warned. ( read original story ...)
RLC teams up with Hongkong Land for projects
ROBINSONS Land Corp. (RLC) has partnered with Hongkong Land Group (HKLG) for the development of real estate projects in the country, starting with a P5.6-billion residential property in Pasig City. The Gokongwei-led property developer disclosed to the ... ( read original story ...)
Hong Kong’s Urban Renewal Authority makes record offer for buildings in Sai Ying Pun
The acquisition offer, announced on Monday, came as private home prices in the world’s least affordable property market continued to rise for two straight years as of the end of March. Economist Andy Kwan Cheuk-chiu said after the redevelopment ... ( read original story ...)
Higher rates likely to cool price growth for homes, commercial property in HK
Higher rates are likely to calm Hong Kong's frothy property market. Interbank lending is getting more expensive after a decade-long slump, pointing to costlier mortgages and slower price growth. This will be manageable for banks and developers, and welcome ... ( read original story ...)
Yardi Announces New Client: The Hongkong and Shanghai Hotels Limited
has announced a new contract with Hong Kong-based luxury hospitality and commercial property group The Hongkong and Shanghai Hotels Limited (HSH). The two companies will collaborate to centralise data and simplify business processes for HSH. "We are ... ( read original story ...)
Hong Kong tycoon Li Ka-shing steps down, son Victor now holds reins
HONG KONG (Reuters) - Hong Kong’s richest man ... a conglomerate that employs 323,000 employees and has assets in more than 50 countries spanning property, power, telecoms and oil. At the AGMs for his flagship firm CK Hutchison Holdings (0001.HK ... ( read original story ...)