07/26 CK HUTCHISON: CKI Holdings Offers to Buy Ista at EUR4.5bn 07/26 DJ Hong Kong Exchange Denies IPO -- WSJ 07/25 CK HUTCHISON: HTHKH Unaudited Results for the Six Months Ended 30 June 2017 07/25 DJ IPO Backed by Morgan Stanley and One of Asia's Richest ... ( read original story ...)
Rising private debt, high property prices leave Hong Kong banks with negative Moody’s outlook
Mortgages now make up 51 per cent of property values on average in Hong Kong, reduced from 64 per cent in 2009 after eight rounds of tightening measures by the government. Meanwhile, the latest Citibank survey shows that 13 per cent of Hongkongers now ... ( read original story ...)
Arch capital group closes acquisition of AIG United Guaranty Insurance (Asia)
“Our dedicated professionals understand the unique requirements and challenges of the Hong Kong mortgage market and are committed to providing customers with the best possible service.” Rippert is responsible for Arch’s global mortgage insurance and ... ( read original story ...)
Lloyds stung £1bn by PPI and mortgage arrears errors
The mortgage redress scheme is understood to centre on the way ... Walkie Talkie building sold to Hong Kong firm for a record £1.3bn A Hong Kong firm has snapped up London's landmark Walkie Talkie skyscraper for a record £1.3bn. Jeff Bezos briefly ... ( read original story ...)
Fear of rising rates may have obscured the Bank of Canada’s good news story: Don Pittis
After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China ... That includes people with mortgages. While he and Wilkins were careful to hedge their bets with the warning that perfect ... ( read original story ...)
Hong Kong firm beats Brexit blues with record City skycraper deal
LONDON: A Hong Kong firm struck a record deal for a London skyscraper ... Banks approved the lowest number of new home mortgages for nine months in June, according to data released this week by trade association UK Finance. Official data earlier this ... ( read original story ...)
Sniffing out the truth about the end of the Canadian real estate boom: Don Pittis
After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China ... That would mean fewer mortgages for banks, fewer real estate fees for agents. Could the market fall further? ( read original story ...)
Sitting tight in the fintech age, warding off threats
Any potential risks he could think of at the moment could come from property developers' enticing mortgage loans with high loan-to-value ratios, as well as the increased mainland exposure of Hong Kong banks. "But, they're all manageable." Norman Chan Tak ... ( read original story ...)
Hong Kong firm beats Brexit blues — Buys London ‘Walkie Talkie’ skyscraper
AFP/File | The ‘Walkie Talkie’ skyscraper, seen in the centre front of this photo, fetched the e highest price ever paid for a single building in Britain at £1.3 billion (1.5 billion euros, $1.7 billion) LONDON (AFP) – A Hong Kong firm struck a ... ( read original story ...)
SAR needs to do more to lift startups
It's hard for Hong Kong people not to be envious of a Singapore-based startup that was reported to have successfully taken on Uber to become the dominant player in ride-hailing services in the Southeast Asian market of more than 600 million people. ( read original story ...)
China’s Ofo in talks to raise $1 billion, led by SoftBank: sources
HONG KONG (Reuters) - Chinese startup Ofo is in talks to raise $1 billion in a new funding round led by Japan's SoftBank Group, people familiar with the matter said, in what would be the largest fund-raising in the nation's bike-sharing business. ( read original story ...)
Hong Kong bridge: engineering marvel links three cities
The fantastic 1983 vision of a Hong Kong tycoon is now being realised with the construction of the mammoth Hong Kong-Zhuhai-Macao Bridge. Builders of the Hong Kong-Zhuhai-Macao Bridge, which will be the world’s longest bridge over water, overcame one of ... ( read original story ...)
Hong Kong: Xi calls for unity in face of challenges
Willy Ho Tsz-ho, 28, who works at a local news media company, said he was glad Mr Xi weighed in on the importance of “seeking broad common ground while setting aside major differences” in Hong Kong. The remarks showed that Mr Xi understands and ... ( read original story ...)
Anger at plan to let Chinese police patrol in Hong Kong
A Hong Kong government plan to lease part of a new high-speed rail station to China and allow Chinese police to enforce mainland laws has sparked new fears the city is losing its autonomy. The proposal, which has drawn heavy criticism from pro-democracy ... ( read original story ...)