Hong Kong’s stock exchange is vying for a position as an advisor to the Saudi Arabian team preparing for the initial public offering of Saudi Aramco, paving the Chinese financial center’s road to become the host of the largest financial event of its ... ( read original story ...)
Hong Kong media outlet suffers 'political retaliation'
has expressed concern over claims by Sing Pao Daily News that it has suffered political retaliation since it published a series of articles attacking a top official in China and the Mainland's two chief agents in Hong Kong. On February 21, 2017 ... ( read original story ...)
Hong Kong activists gatecrash meeting of leadership hopeful Lam
Pro-democracy protesters Monday gatecrashed a press conference by Hong Kong leadership hopeful Carrie Lam ... entered the venue minutes before the start and demanded to be allowed to communicate their messages to Lam. Protesters chanted slogans and ... ( read original story ...)
Hong Kong stocks fall as rally loses steam
SHANGHAI: Hong Kong stocks fell for the third straight session on Monday, as the market's strong months-long rally showed signs of fatigue. Sentiment was also hurt by bearishness in mainland China markets, where blue chips had their worst day in two months ... ( read original story ...)
Hong Kong Mortgage Corp to offer public annuity scheme for retirees
The government owned Hong Kong Mortgage Corporation will offer a public annuity scheme as early as next year to allow retirees to invest a lump sum below HK$300,000 in exchange for a stable monthly income until their death. HKMC chief executive Raymond Li ... ( read original story ...)
In Hong Kong home prices have risen 370 per cent to new record
Hong Kong’s existing home prices have climbed to a record, fuelled by a surge in demand from local buyers and investors despite taxes and mortgage curbs designed to rein in prices. The Centaline Property Centa-City Leading Index, which tracks sales in ... ( read original story ...)
Hong Kong hands out generous budget, paints brighter outlook
The Hong Kong dollar is pegged to the greenback and expectations of two to three U.S. interest rate hikes this year will trigger increases in local mortgage rates. Financial Secretary Paul Chan said in his maiden budget address that an improved labor ... ( read original story ...)
Why Hong Kong banks are reluctant to follow US in hiking rates
The second reason is the soft demand for mortgage loans and thus keen competition among banks for such business. Since the financial crisis, the Hong Kong government has launched eight rounds of counter-cyclical measures to cool the housing market. ( read original story ...)
Hong Kong existing home prices climb to record
Hong Kong - Hong Kong’s existing home prices have climbed to a record, fueled by a surge in demand from local buyers and investors despite taxes and mortgage curbs designed to rein in prices. The Centaline Property Centa-City Leading Index, which tracks ... ( read original story ...)
Tax-free saving schemes fail to prepare many for retirement: Don Pittis
After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China. He has produced and reported for the CBC in Saskatchewan and Toronto and the BBC in London. He is currently senior producer at CBC ... ( read original story ...)
Income for life in works for retirees
The Hong Kong Mortgage Corporation, wholly owned by the government, plans to launch a public annuity scheme that will allow retirees to invest with an entrance fee of not more than HK$300,000 in return for a lifelong steady monthly income. Compared to ... ( read original story ...)
HK hands out generous budget, paints brighter outlook
The Hong Kong dollar is pegged to the greenback and expectations of two to three US interest rate hikes this year will trigger increases in local mortgage rates. Financial Secretary Paul Chan said in his maiden budget address that an improved labour market ... ( read original story ...)
Hong Kong finance chief Paul Chan says official residence needed a makeover, but he ‘will not splash out’
Finance chief Paul Chan Mo-po has insisted his official residence in Shouson Hill was in need of renovations following reports he spent millions of taxpayer-funded dollars on revamping the property. Reports emerged on Friday that Chan, who took over the ... ( read original story ...)
Hong Kong pins Aramco IPO hopes on China's deep pockets
HONG KONG (Reuters) - Hong Kong's stock exchange will bank on its role as a gateway to mainland China's deep-pocketed investors to take on other leading venues and win the coveted $100 billion listing of Saudi Arabia's giant state oil company, Aramco ... ( read original story ...)