HONG KONG : Cases of negative equity in Hong Kong's residential mortgage loans registered a near ninefold increase in the third quarter from the previous one, the city’s de facto central bank said, ... ( read original story ...)
Hong Kong is weighing a plan to allow retail investors to trade cryptocurrencies, potentially paving the way to real estate security token offerings
Hong Kong's government will also examine the property rights for crypto assets as well as the process for legalizing smart contracts. The city's moves could lay the groundwork for offering real estate ... ( read original story ...)
3 Bank Chiefs Pull Out of Hong Kong Conference as China Scrambles for Covid
To top matters off, Hong Kong's financial secretary, Paul Chan Mo-po, contracted Covid last week while on a trip to Saudi Arabia to drum up investment. He delivered a video addres ... ( read original story ...)
Hong Kong Hang Seng Down 1.2% on Property-Sector Declines
The Hong Kong Hang Seng Index could not sustain a midday rally and closed down 1.2% on Monday, as property stocks again led trading floors into the red. The broad gauge Hang Seng fell 176.04 to 14,687 ... ( read original story ...)
Hong Kong to explore legalizing retail crypto trades in reversal of previous proposal
Hong Kong has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds and plans to conduct pilots in NFT issuance and CBDC. ( read original story ...)
Hong Kong’s Crypto-Friendly Plans Get Mixed Reviews From Billionaires And Industry Players
Sam Bankman-Fried, cofounder and CEO of FTX. Hong Kong said that it would adopt a welcoming approach to digital assets on Monday as it seeks to regain its status as a global cryptocurrency hub, but ... ( read original story ...)
Hong Kong Has a Biotech Talent Problem
Hi there, it’s Jinshan in Hong Kong. Recently, I visited a biotech startup in Hong Kong that had too much office space compared to its number of employees, reflecting the city’s problem attracting ... ( read original story ...)
Hong Kong economy shrinks 4.5% yr/yr in Q3, outlook remains weak
Hong Kong's economy shrank faster in the third quarter, contracting 4.5% from the same period a year earlier, the third straight quarter of downturn, advance government data showed on Monday, as ... ( read original story ...)
Hong Kong builds new springboard to top global IPO league with Saudi Aramco approach, tech listing reforms
Executives in Hong Kong are seeking to return Hong Kong to the top of the global IPO league. Getting Saudi Aramco would be a coup, while easier rules for cutting-edge tech firms could be next ... ( read original story ...)
AustAsia passes HKEX listing hearing for trimmed IPO
Indonesian milk company AustAsia has got permission from the Hong Kong Stock Exchange for its public float, cutting its offering from an initial target of $100m to roughly $50m-$70m due to difficult ... ( read original story ...)
Hong Kong is ready to resume its ‘Super Connector’ role between China and the world, now that Covid-19 rules are easing
Hong Kong has described itself as the “super-connector” between China and the world under the Belt and Road Initiative (BRI), the GBA plan and the Regional Comprehensive Economic Partnership (RCEP). ( read original story ...)
Wall Street accused of whitewashing China crackdown in Hong Kong
Hong Kong’s government invited Wall Street’s biggest names to a summit to show the financial hub is open for business after nearly three years of isolation due to pandemic curbs. Instead, top bank ... ( read original story ...)
Hong Kong eyes return to global financial map with summit amid talent crunch, geo-tension
Hong Kong aims to restore its reputation as a global financial hub by playing host to a bevy of top Wall Street executives this week, defying critics who say a talent crunch and geopolitical tension ... ( read original story ...)
Li Ka-shing’s skyscraper one-fifth empty as Hong Kong vacancies hit record
Empty premium office space – or the so-called Grade-A stock – has almost tripled in three years to an all-time high. Read more at straitstimes.com. ( read original story ...)