The Hong Kong government relaxed its residential mortgage rules for the first time since 2009 in a bid to boost the weakening property market. Most Read from BloombergMeta’s Threads App Draws Millions ...
Hong Kong stocks hit 5-week low as sell-off in ICBC, Chinese banks deepens while Alibaba jumps on Ant Group speculation
Local stocks hit the lowest level since June 1. ICBC and banking peers suffered their worst week since October. Premier Li Qiang said China will offer ‘targeted and synergistic’ measures to stabilise ...
Hong Kong Raises Maximum Mortgage Available for Homes Valued up to $3.8 Million
Hong Kong is raising the cap on loan-to-value (LTV) ratio for properties worth up to HK$30 million ($3.83 million) for self-use homebuyers, the Hong Kong Monetary Authority (HKMA) said on Friday, the ...
Hong Kong home rents and leasing activity expected to rise in second half: Cushman
Hong Kong home rents are expected to continue rising in the second half of 2023 despite the volatility in home prices, Cushman and Wakefield said.
China’s Alibaba Unveils AI Image Generator to Take on Midjourney and DALL-E
The image generator, Tongyi Wanxiang, will compete with OpenAI's DALL-E and Midjourney Inc's Midjourney, U.S.-based rivals that have gained a large following worldwide. Alibaba Cloud, recently formed ...
Cushman says Hong Kong home rents and leasing activity expected to rise in second half, even as analysts paint divergent picture for home prices
Hong Kong home rents are expected to continue rising in the second half of 2023 even as the volatility in home prices persists, Cushman and Wakefield said. The city’s housing market initially ...
Business grads from HK pick J.P. Morgan and HSBC as most attractive employers
Students prefer companies with a “friendly working environment." Hong Kong’s new batch of talents from the business and commerce schools has named J.P. Morgan and HSBC as their ideal employers, ...
Hong Kong: fifth person arrested for allegedly supporting overseas pro-democracy activists
Arrests comes days after Hong Kong issued warrants for eight overseas-based dissidents ...
Hong Kong police arrest 4, accusing them of supporting pro-democracy leaders overseas
Hong Kong police said the men were detained on "suspicion of conspiracy to collude with foreign forces and commit acts with seditious intent." ...
Keeping AI in check
The US Federal Reserve began discussions with banks recently to address the potential risks associated with generative AI. Fed Governor Christopher Waller noted that while AI has improved the ...
Goldman-Backed ClinChoice Considers Hong Kong IPO
ClinChoice, a clinical trial services provider backed by Goldman Sachs Group Inc., is considering a Hong Kong initial public offering as soon as next year, according to people familiar with the matter ...
Hong Kong stocks hit 5-week low as sell-off in ICBC, Chinese lenders persists while global funds exit
Local stocks continue to slide as ICBC and banking peers face the worst weekly slump since September. Chinese Premier Li Qiang says China will offer ‘target, synergistic’ measures to stabilise growth.
Adicon nets $52M in Hong Kong IPO, shares jump 12% on debut
Adicon Holdings Ltd. raised HK$409 million (US$52 million) in an initial public offering on the Hong Kong stock market. Its shares opened at HK$12.32, jumped 12% and closed at HK$13.8 on the first ...
Financial Executive At Hong Kong Billionaire’s Flagship Business Released On Bail Amid Corruption Probe
The deputy chief financial officer of the tobacco flavorings flagship business of Hong Kong Billionaire Chu Lam Yiu was released on bail on Thursday without charges a day after her arrest in a ...