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Month: August 2023

Posted on 30/08/2023

Hong Kong police raid family home of Brisbane-based activist over three-year-old work of fiction

A Brisbane-based activist says he fears returning to Hong Kong after police searched his home there over allegations a piece of fictional writing in Cantonese violated the national security law.

Posted on 30/08/2023

Hong Kong police hunt motorcyclist after red paint splashed on Michelin-starred restaurant

Hong Kong police are hunting a motorcyclist suspected of splashing red paint on a one-Michelin-star restaurant in Sai Kung. The incident at daybreak on Wednesday marked the second time paint was ...

Posted on 30/08/2023

Phillips cements Hong Kong’s place as Asia’s arts hub

Purpose-built, six-storey premises, located beside world-class M+ museum, can help firm capitalise on new synergies within the waterfront cultural district.

Posted on 30/08/2023

High interest rates stall foreign property deals in Hong Kong

Bank mortgage rates for commercial properties in the city can be as high as 6%. Recovery for Hong Kong’s non-residential investment market did not happen as predicted as interest rate hikes outweighed ...

Posted on 30/08/2023

Swiss SEBA Bank gets approval-in-principle for Hong Kong crypto services

Swiss crypto-focused SEBA Bank on Wednesday said it has received an approval-in-principle from Hong Kong's securities regulator that takes it only one step away from offering virtual asset services in ...

Posted on 30/08/2023

Hong Kong Dollar Set for Worst Month Since 1985

(Bloomberg) -- The Hong Kong dollar is poised for its biggest monthly retreat since 1985 as interest rates in the city drop and pessimism toward China’s economy weighs on the stock market. Most Read ...

Posted on 30/08/2023

Chinese bank shares fall on existing mortgages rate cut concerns

Shares in China's banking sector dropped on Wednesday on worries that a reduction in existing mortgage rates will dent the profitability of lenders already reeling from a worsening property sector ...

Posted on 30/08/2023

A Lesson From Hong Kong For Those Who Worry China Hides Bad News

According to Washington Post columnist Catherine Rampell, “The Chinese economy has hit a rough patch.” On their face, comments like these always rate a raised eyebrow: I can’t measur ...

Posted on 30/08/2023

SEBA Hong Kong Awarded Approval-in-Principle by Hong Kong Regulator to Conduct Licensed Crypto Related-Services

HONG KONG--(BUSINESS WIRE)--SEBA Bank, a full-service, global crypto bank providing financial solutions for the digital age (wealth management, investment, trading, and advisory services), has today ...

Posted on 30/08/2023

New 13-member Hong Kong task force set up as part of efforts to boost turnover of sluggish stock market

Group will comprehensively review stock market liquidity, including scrutinising the listing regime, market structure and trading mechanism.

Posted on 30/08/2023

China’s largest bank trading near record low valuation on margin woes

China’s biggest lender is likely to report slower earnings growth, dragged by weak margins and fee income, according to Bloomberg Intelligence analyst Francis Chan.

Posted on 30/08/2023

Hong Kong: Closure of Cantonese language group worries residents

Cantonese is a Chinese dialect spoken by an overwhelming majority of people on the island, as well as the Guangdong province in China. Mr Chan founded the Hong Kong Language Learning Association with ...

Posted on 30/08/2023

China’s Bank of Communications to discuss changing existing mortgage rates: Report

BEIJING: China's Bank of Communications (BoCom) plans to host an internal meeting on Wednesday (Aug 30) to discuss changing rates charged on existing mortgages, financial media outlet 21jingji.com ...

Posted on 30/08/2023

Hong Kong home prices take biggest plunge of year in July, hit 6-month low as mortgage pain bites

The 1.1 per cent monthly price decline in July was the year’s biggest. A total of 2,515 second-hand units were transacted last month, the fewest since 2,512 last November, according to Midland Realty.

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