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Month: January 2024

Posted on 29/01/2024

Hong Kong court orders liquidation of China’s Evergrande

Hong Kong’s banking regulator said it would relax commercial property mortgage rules, in a move to boost liquidity in a market that has been hit hard by US-China trade tensions, violent street ...

Posted on 29/01/2024

Expats: Bemusement after Amazon show about Hong Kong not shown in city

It's a show about the life of foreigners in Hong Kong - but has aired everywhere except in the city itself. Expats - an Amazon Prime series starring Nicole Kidman - centres around the lives of three American women.

Posted on 29/01/2024

Evergrande: Crisis-hit Chinese property giant ordered to liquidate

Debt-laden Chinese property giant Evergrande has been ordered to liquidate by a court in Hong Kong. Judge Linda Chan said "enough is enough" after the troubled developer repeatedly failed to come up with a plan to restructure its debts.

Posted on 29/01/2024

Evergrande shares halted after Hong Kong court orders liquidation

Shares of China Evergrande were halted after plunging over 20% in early trading on Monday after a Hong Kong court ruled to liquidate the embattled property developer. It comes against the backdrop of ...

Posted on 29/01/2024

Hong Kong court orders property firm China Evergrande to liquidate after plan for $300B debt fails

Property developer China Evergrande Group has been ordered to liquidate after it failed to reach a restructuring deal with creditors.

Posted on 29/01/2024

Reactions: China Evergrande ordered to liquidate by Hong Kong court

A Hong Kong court on Monday ordered the liquidation of China Evergrande Group , a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain the ...

Posted on 29/01/2024

Evergrande, the poster child for China’s property debt crisis, is ordered to liquidate by a Hong Kong court: ‘Enough is enough’

China Evergrande Group helped trigger China’s real estate crisis just over two years ago. The developer, with more than $300 billion in total liabilities, became the poster-child for debt problems in ...

Posted on 29/01/2024

Why Hong Kong must prepare ground for low-altitude economy to take flight

Recently, the low-altitude economy became a hot topic in China and many parts of the world. "Low altitude" generally refers to airspace up to 1,000 metres above ground; the "low-altitude economy" ...

Posted on 29/01/2024

Hong Kong Stablecoin Push Attracts One of China’s Top Fund Firms

(Bloomberg) -- A push in Hong Kong to roll out rules for stablecoins as soon as this quarter has drawn interest from companies including the international arm of major Chinese asset manager Harvest Fund Management Co., people familiar with the matter said.

Posted on 29/01/2024

US interest rates drag down Hong Kong property, with China economic recovery only ‘light at the end of the tunnel’: JLL chairman

Tsang said Hong Kong’s talent scheme should come with more policy support, such as mortgage relaxations and relaxations of capital outflow controls, to boost housing transactions. Chinese buyers ...

Posted on 29/01/2024

Evergrande, the massive Chinese real estate developer with $300 billion in debt, is ordered to liquidate by a Hong Kong court

China Evergrande's liquidation process could be complicated, with potential political considerations, given the many authorities involved.

Posted on 29/01/2024

Evergrande: Hong Kong judge orders property giant’s liquidation

China's debt-ridden property giant Evergrande has been ordered to liquidate by a court in Hong Kong. Judge Linda Chan said "enough is enough" after the property giant failed to come up with a ...

Posted on 29/01/2024

China Evergrande ordered to liquidate by Hong Kong court

A Hong Kong court on Monday ordered the liquidation of China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain the ...

Posted on 29/01/2024

Hong Kong court orders liquidation of developer China Evergrande

HONG KONG, Jan 29 (Reuters) - A Hong Kong court on Monday ordered the liquidation of China Evergrande Group , a move likely to send ripples through China's financial markets as policymakers scramble ...

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