City leader John Lee is the only government official set to contribute extra to public coffers under finance chief's plan to introduce two-tiered standard rates tax regime MTR Corp executives, finance ...
As it happened: Hong Kong budget – all property curbs scrapped by finance chief Paul Chan in radical bid to boost ailing market
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Hong Kong Property Market Stamps Duty Cuts Spark Recovery Optimism
Stocks of Hong Kong developers surged after Financial Secretary Paul Chan decided to abolish property cooling measures to revitalize the sector, which has been burdened by elevated borrowing costs and ...
Paul Chan says Hong Kong will improve tax breaks, step up charm offensive to attract more foreign funds and family offices
Hong Kong will enhance several measures aimed at attracting foreign funds and family offices, and host more financial conferences to improve the city’s ‘branding’ and economic appeal, Financial ...
Concerns of media censorship mount as Hong Kong moves to enact new national security law
Hong Kong is poised to enact a new national security law, four years after Beijing imposed a similar law that stifled pro-democracy media. Concerns are rising among the international business and ...
Hong Kong relaxes decade-old lending curbs, granting more mortgages to homebuyers and offices to bolster city’s ailing property market
Hong Kong's monetary authority has relaxed the city's decade-old lending curbs, granting more mortgage borrowing to homebuyers, rental property and offices, after high interest rates turned the city's ...
Hong Kong scraps property taxes to revive sluggish market
The Hong Kong Monetary Authority also relaxed mortgage rules on Wednesday, allowing homebuyers to borrow more, and eased an income-related stress test. Louis Chan of Centaline Property Agency told AFP ...
{Short Sales}Full-day T/O at HK$17bn, or 15% of Total
HK$107.02 billion, with short-sales accounting for HK$16.58 billion, or 15.49% of the market's turnover. There were 667 short-selling stocks. TRACKER FUND (02800) and HSBC HOLDINGS (00005) saw higher ...
Hong Kong Budget 2024: Finance chief asks for ‘understanding’ over lack of sweeteners
Hong Kong’s finance chief has asked for the public’s “understanding” over a lack of sweeteners in this year’s budget, as a lawmaker said he was disappointed that the annual speech did not address ...
Hong Kong’s plan for a new national security law deepens fears over eroding civil liberties
As Hong Kong moves toward enacting a new national security law, more than three years after Beijing imposed a similar law that all but wiped out dissent and vocal pro-democracy media in the ...
Hong Kong scraps decade-old property restrictions to boost flagging economy
Hong Kong has announced a slew of measures to boost its real estate sector, including the removal of decade-old restrictions that were introduced to prevent a property bubble, as part of its effort to ...
Hong Kong Takes Drastic Action to Avert Property Slump
Hong Kong has taken a bold step to ease a real-estate slump, scrapping a series of property taxes in an effort to turn around a market that is often seen as a proxy for the city’s beleaguered economy.
HSBC posts record annual profit but misses estimates on China write-down, shares tumble 7%
HSBC reported on Wednesday its full year 2023 pre-tax profit climbed about 78% to $30.3 billion from a year ago, missing median estimates of $34.06 billion from analysts tracked by LSEG.
Hong Kong lifts curbs on property market, to spend more on tourism
Hong Kong’s government has lifted curbs on property deals after home prices fell to a seven-year low, adding to the Chinese territory's woes. Finance minister Paul Chan announced the move in a speech ...