Stocks of Hong Kong property developers rose after financial secretary Paul Chan scrapped Hong Kong's property cooling measures in a bid to bolster the sector. In his budget speech on Wednesday, Chan ...
Hong Kong relaxes lending rules, granting more mortgage loans to homes below HK$30 million to bolster property market
Homes worth less than HK$30 million (US$3.83 million) will be entitled to 70 per cent mortgage financing, compared with the previous 60 per cent credit Residential property that are valued at more ...
Hong Kong Budget 2024: City’s economy grew by 3.2% last year, inflation ‘moderate’
Hong Kong’s economy grew by 3.2 per cent in 2023 after the city lifted stringent Covid-19 restrictions, but the “difficult external environment” continued to limit the pace of growth, the city’s ...
Hong Kong moves towards enacting tougher security law amid concerns about freedoms
A public consultation period for a new Hong Kong national security law closes on Wednesday amid concerns that the legislation, which authorities want to put in place soon, will further erode freedoms ...
3D fashiontech startup Bandicoot Imaging Sciences banks $1 million pre-Seed round
The round was led by Hong Kong VC qonvolv Ventures with Precision Textiles and Mou Fung, plus existing backer NewSouth Innovations.
Hong Kong scraps property tightening measures to aid economic recovery
HONG KONG, Feb 28 (Reuters) - Hong Kong's financial secretary on ... reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to ...
HSBC HOLDINGS Buys back 5.15M+ Shrs for HKD307M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 5.1543 million shares of the company yesterday (27th) in the UK and Hong Kong markets for a total amount of HKD307... HSBC HOLDINGS ...
Hong Kong budget 2024-25: finance chief Paul Chan to deliver blueprint some experts are calling the most difficult ever
Hong Kong finance chief Paul Chan Mo-po will offer his solutions to the city’s sluggish economy and shrinking fiscal reserves in what some analysts are calling the most difficult budget blueprint ever ...
Hong Kong Budget Set to Focus on Boosting Competitiveness, Lifting Recovery
Growth has been picking up, but the recovery hasn’t been as strong as expected, Financial Secretary Paul Chan has said. The external environment remains volatile, and “as a small and fully open ...
Hong Kong’s grade A office rents to fall further, with mainland China demand below pre-pandemic levels, new supply coming online, analysts say
Hong Kong’s grade A office rents will decline by another 5 per ... the vacancy rate to remain relatively high at about 10 per cent for offices in the prime business district, known as Central,” S&P ...
Hong Kong under pressure to ease property curbs ahead of budget reveal
In Hong Kong, property curbs have been in place for over a decade to stop speculation. Business and political groups are now calling for the cooling measures to be scrapped, ahead of the city's budget ...
Hang Seng profits up 58% to $2.28b in 2023; Dividend is HK$6.5 per share
A fourth interim dividend is HK$3.2 per share. Hang Seng Bank saw its profit attributable to shareholders surge 58% to $2.28b (HK$17.84b) in 2023, compared to the $1.44b (HK$11.28b) it reported for ...
Hong Kong Budget Set to Take Aim at Boosting Competitiveness, Lifting Recovery
Growth has been picking up, but the recovery hasn't been as strong as expected, Financial Secretary Paul Chan has said. The external environment remains volatile, and "as a small and fully open ...
Hong Kong’s Next Political Crackdown
The city that claims to be a global financial center targets local contact with foreigners.