NOVO LAND Phase 1B in Tuen Mun was oversubscribed by about 48 times. According to a Knight Frank report, Hong Kong home prices remained under pressure in August. The overall home price index dropped 1 ... ( read original story ...)
Hong Kong ice factory supplying 30% of local catering businesses fears closure due to public housing development plan
An ice factory that supplies ice to 30 per cent of Hong Kong food and beverage businesses faces an uncertain future as it has to make way for public housing development plans. Hang Chan, the executive ... ( read original story ...)
Virgin Atlantic ceases operations in Hong Kong, cites Russian airspace closure ‘complexities’
British airline Virgin Atlantic announced Wednesday it was permanently ceasing operations in Hong Kong due to issues related to the closure of Russian airspace. ( read original story ...)
Oxfam warns of soaring inequality in Hong Kong
Inequality has dramatically worsened in Hong Kong, Oxfam warned Wednesday, placing further pressure on the financial hub's leaders who have been ordered to reduce poverty by Chinese President Xi ... ( read original story ...)
Covid-19: Hong Kong-based air crew allowed to leave hotels during overseas layovers in latest relaxation
Air crew based in Hong Kong no longer have to isolate in hotels while overseas, putting an end to the government’s Covid-19 “closed-loop arrangements” intended to minimise their contact with the ... ( read original story ...)
Third Hong Kong Capital Markets Advisor Leaves Linklaters, This Time for K&L Gates
Iris Leung is the third capital markets partner to leave Linklaters' Hong Kong office in recent months. K&L Gates has poached capital markets partner, Iris Leung, from the Hong Kong office of ... ( read original story ...)
Hong Kong shares soar 6%, leading Asian market gains
Hong Kong’s share benchmark soared more than 6% on Wednesday as Asian shares tracked gains on Wall Street. New Zealand’s share benchmark rose 0.8% after its central bank hiked its benchmark interest ... ( read original story ...)
Chinese EV battery maker CALB raises US$1.26 billion in Hong Kong’s third-largest IPO this year after China Tourism Duty, Tianqi Lithium
China Aviation Lithium Battery (CALB), the country's third-largest EV battery maker, priced the shares at the bottom of its marketed range The Hong Kong tranche, which was undersubscribed 0.21 times, ... ( read original story ...)
Centaline says Hong Kong property sales to plummet to 27-year low this year, as Covid-19 curbs, higher interest rates bite
Property transactions are expected to fall to historic lows this year, with the first half of the year affected by Covid-19 lockdowns and the second half hit by rising interest rates. ( read original story ...)
HSBC, Alibaba, BYD power Hong Kong stocks to best gain since March as markets temper US rate-hike bets
Stocks advance, catching up with an overnight rally in Asian markets. A weak US manufacturing report for September prompted traders to temper bets on Fed rate-hikes in 2023. ( read original story ...)
Hong Kong opens doors for financial cooperation with public, private sectors in Philippines
While it is a small city, Hong Kong is a force to be reckoned with in the global financial market. At present, it has already reached $4.6 trillion in assets under management (AUM) alone, Hong Kong’s ... ( read original story ...)
Hong Kong leader John Lee will unveil ‘bold measures’ in policy address to lure talent, investment, says finance chief Paul Chan
Financial Secretary Paul Chan also adamant high-powered banker summit will be held successfully next month But Chan remains pessimistic about the local economy, which he says is being affected by a ... ( read original story ...)
Hong Kong stocks track strong overseas markets, HSBC soars
Hong Kong stocks rose more than 5% on Wednesday, tracking gains in broader Asia as hopes grew that central banks globally could slow the pace of interest rate hikes amid signs previous policy ... ( read original story ...)
Hong Kong stocks lead Asia higher with 5% surge in catchup move to Wall Street; New Zealand hikes interest rates
Hong Kong’s share benchmark soared more than 5% on Wednesday as Asian shares tracked gains on Wall Street. New Zealand’s share benchmark rose 0.7% after its central bank hiked its benchmark interest ... ( read original story ...)