By Engen Tham, Julie Zhu, Clare Jim SHANGHAI/HONG KONG -In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are built. Use the cash to pay ...
How Evergrande’s collapse foreshadowed China’s property crisis
In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are built. Use the cash to pay lenders and finance the next real estate project.
Hozon nets CNY7bn in pre-IPO fundraising round
Chinese electric vehicle (EV) manufacturer Hozon New Energy Automobile Company this week said it has raised CNY7bn (US$960m) in a pre-initial public offering (IPO) financing round, the first inflow of ...
Vietnam aims to elevate its stock market: conference
Vu Thi Chan Phuong, chairwoman of Vietnam's State Securities Commission (SSC) presided over a conference in Conrad, Hong Kong titled "Unlocking the Potential of Vietnamese stock market – Heading ...
OASES: A new office launched in Hong Kong that’s set to revolutionise the business landscape
Hong Kong's Office for Attracting Strategic Enterprises (OASES) is pioneering an innovative approach to attract global businesses to set up in Hong Kong. With their dedicated Dubai team, they assist ...
ExclusiveThai supermarket chain Big C to enter Hong Kong next month, eyes dual listing, CEO says
Hong Kong is Big C’s first foray outside Southeast Asia, taking on some the city’s retailers including Wellcome and ParknShop. The retailer is part of billionaire Charoen Sirivadhanabhakdi’s business ...
Super typhoon heads towards Hong Kong, China issues highest warning
China issued its highest typhoon warning on Thursday as Super Typhoon Saola, packing winds of more than 200 kph (125 mph), headed towards the southeastern coastline, threatening Hong Kong and other ...
Hong Kong July retail sales up 16.5%, boosted by tourism revival
Hong Kong's July retail sales rose 16.5% from a year earlier in the eighth consecutive month of growth helped by an increase in visitor arrivals and positive consumption sentiment, the city government ...
‘Altcoins’ Central to Hong Kong Crypto Firm Hashkey’s First Liquid Fund
The Hong Kong government has made a push to embrace crypto and fill market demand for alternative assets, with the Asian financial hub promoting the development of web3, a version of the internet that ...
Hong Kong’s life insurance sales to Chinese visitors return to pre-Covid levels as weaker yuan, rate gap drive the search for yield
Life insurance sales to mainland Chinese visitors hit HK$31.9 billion (US$4 billion) in the first half versus HK$540 million a year earlier, as they sought refuge in the city’s diverse products amid a ...
Hong Kong’s life insurance sales to mainland Chinese visitors return to pre-Covid levels as weaker yuan, rate gap drive the search for yield
Life insurance sales to mainland Chinese visitors hit HK$31.9 billion (US$4 billion) in the six months to June versus HK$540 million a year earlier Overall new life insurance sales in Hong Kong rose ...
The 40-year mortgage is an indictment of Britain’s failing property market
Is there nothing HSBC won’t do in the name of making the world a better place? From the bank that became a money-laundering hub for Mexican drug cartels and has recently been accused by MPs of ...
Country Garden: Debt crisis-hit China property giant in record loss
Country Garden, one of China's biggest property developers, has become the latest real estate giant to warn that it could default on its debts. This came as the crisis-hit company reported a record $6 ...
Hong Kong Warns Saola May Disrupt Trading as City Braces for Super Typhoon
(Bloomberg) — Hong Kong warned it may effectively shut down the city, including its $5 trillion stock market, on Friday because of Super Typhoon Saola, which is approaching the financial hub after ...