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Month: August 2022

Posted on 09/08/2022

No plans to waive extra stamp duty for mainland Chinese home buyers in Hong Kong, finance chief says in rejecting media reports quoting top adviser

Executive Council member Regina Ip earlier told Bloomberg move could be considered as a way to shore up economy and reverse brain drain She later tells Post this is her own idea that she intends to ... ( read original story ...)

Posted on 09/08/2022

Hong Kong says it has held no discussions on relaxing property stamp duty

Hong Kong's government said on Tuesday it had no plans to relax its stamp duty on property, responding to media reports that it could consider waiving the extra stamp duty that mainland Chinese have ... ( read original story ...)

Posted on 09/08/2022

HSBC Aims To Placate Hong Kong Investors After Rejecting Break-up Call From Ping An

HSBC's bosses will meet retail investors in Hong Kong on Tuesday, seeking to convince them that a strategy to operate as a unified bank is better for its future than a break-up mooted by top ... ( read original story ...)

Posted on 09/08/2022

HSBC hard sells growth plan to disgruntled investors after rebuffing breakup

HSBC executives on Tuesday defended the lender's strategy to operate as a global bank and promised better returns to disgruntled individual shareholders in Hong Kong, a day after rebuffing a break-up ... ( read original story ...)

Posted on 09/08/2022

Typhoon signal upgraded to no. 3 in Hong Kong as tropical depression looms

Hong Kong’s meteorological agency upgraded its typhoon warning to signal no. 3 on Tuesday morning as a tropical depression looms. ( read original story ...)

Posted on 09/08/2022

Alibaba gets Hong Kong’s approval for a primary stock listing

Alibaba is making Hong Kong a "primary" listing for its shares, paving the way for mainland China investors to trade the stock directly. ( read original story ...)

Posted on 09/08/2022

Hong Kong mulls cutting stamp duty for China homebuyers: Ip

Hong Kong may consider waiving extra stamp duty on homes for mainland Chinese buyers as a way to shore up the economy and reverse a brain drain, according to a top adviser to Hong Kong’s leader. Local ... ( read original story ...)

Posted on 09/08/2022

Hong Kong may cut home stamp duty for mainland buyers – Bloomberg News

Hong Kong may consider waiving extra stamp duty on homes for mainland Chinese buyers as a way to shore up the economy and reverse a brain drain, Regina Ip, convenor of the government's advisory ... ( read original story ...)

Posted on 09/08/2022

Hong Kong retail landlords expect slow recovery even as travel restrictions ease and latest vouchers boost retail spending

Market watchers do not expect an immediate impact from a reduction in quarantine requirements, though new round of vouchers should boost spending With rents at 1988 levels, tenants should extend ... ( read original story ...)

Posted on 09/08/2022

Meituan, JD.com drag Hong Kong stocks as China lockdowns cloud earnings outlook while traders await US inflation report

Sporadic lockdowns have dissipated all of the stock gains from Shanghai reopening in June, leaving market bulls frustrated US inflation data due on Wednesday keeps market focus on Fed policy amid ... ( read original story ...)

Posted on 09/08/2022

Hong Kong Stock Market Has Flat Lead For Tuesday’s Trade

The Hong Kong stock market on Monday wrote a finish to the three-day winning streak in which it had advanced more than 510 points or 2.5 percent. The Hang Seng now rests just beneath the 20,050-point ... ( read original story ...)

Posted on 09/08/2022

Hong Kong Quarantine Reduction Met With Calls to Go Further

Hong Kong took a much anticipated step to reduce mandatory hotel quarantine for international travelers as the city seeks to restore its position as a financial hub and revive its economy. ( read original story ...)

Posted on 09/08/2022

HKMA buys HK$2.98 billion from market as currency hits weak end of trading band

Hong Kong's de-facto central bank bought HK$2.975 billion ($378.99 million) from the market in New York trading hours to stop the local currency from weakening and breaking its peg to the U.S. dollar. ( read original story ...)

Posted on 09/08/2022

Coronavirus: Hong Kong business groups, travel industry chiefs say 3+4 quarantine scheme is right move but only full reopening will help city

Business chambers say three-day quarantine period, four days of medical surveillance for arrivals 'step in the right direction', but not enough to revive Hong Kong's economy Travel leaders warn sector ... ( read original story ...)

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