Hong Kong mortgage loans that exceed the property’s value are likely to reach their highest since 2005 next year if home prices keep falling, according to Bloomberg Intelligence.
Hong Kong is suffering because of Federal Reserve
When it comes to global economic repercussions, few regions feel the pinch as intensely as Hong Kong. This financial powerhouse, which once stood as a beacon of vibrant growth and prosperity, now ...
Hong Kong stocks log longest winning run in 3 months on China recovery outlook, bets on US rate pause
Stocks advance for a fifth day for the longest winning streak in three months. Optimism about China’s economic recovery and bets on another Fed rate pause are fanning appetite for riskier assets.
Hong Kong Shares Poised To Open In The Green
The Hong Kong stock market has moved higher in four straight sessions, accelerating almost 480 points or 4 percent along the way. The ...
As China’s economy slows, Hong Kong aims to rebuild its international image
Hundreds of executives, diplomats and foreign business chambers congregated at Hong Kong’s landmark M+ art museum over canapés and cocktails last month with a clear mission – reinvigorate appeal for ...
Hong Kong gov’t may face larger deficit than expected, as finance chief cites weak land sales
The Hong Kong government may face a larger deficit than expected this year, finance minister Paul Chan has said, citing poor land sales amid a struggling property market. Speaking on a Commercial ...
Hong Kong won’t deter financial fraud by blacklisting bank accounts
As businesses rush to tackle this growing problem, the police force, Monetary Authority and the Hong Kong Association of Banks are reportedly working together to stay ahead of fraudsters. They plan to ...
‘Rather Be Ashes Than Dust’ is a haunting elegy for Hong Kong
Alan Lau's "Rather Be Ashes Than Dust" is a probing and painful documentary about Hong Kong's 2019 protests that premiered at the Busan International Film Festival.
Property Giant Hysan’s Borrowing Surges With Fresh $4 Billion Bond Issuance
Hong Kong property developer Hysan Development Company Limited (OTC: HYSNY) issued a prospectus for up to $4 billion of medium-term bonds Monday, more than 10 times its average medium-term debt tr ...
Hong Kong eyes stronger ties with Thailand to boost its economic growth in Southeast Asia
Thailand and Hong Kong have agreed to promote more business exchanges as Hong Kong seeks more economic opportunities in Southeast Asia.
Hong Kong developers’ $76.4 billion rout may deepen as risks mount
Home prices in the city have dropped 18% from a record high in 2021 to the lowest in more than six years. Read more at straitstimes.com.
Hong Kong’s affluent become millionaires by the age of 33 on average, wary about property as store of wealth, survey finds
Hong Kong’s affluent become millionaires by the time they turn 33 on average, according to an annual survey by HSBC, which also found that respondents were confident about reaching the next milestone ...
HKers become millionaire at the age of 33: HSBC
A survey has found that affluent Hongkongers, on average, achieve millionaire status at the age of 33. HSBC surveyed 1,098 people, aged between the ...
Scammers steal HK$3.5 million worth of virtual assets from Binance accounts using fake text messages, Hong Kong police say
bank accounts and mobile phone numbers or IP addresses. Police handled 18,743 deception cases between January and June this year, an increase of 52 per cent from 12,326 logged over the same period in ...