The governor of the central bank said it will also reduce the down payment ratio and cut mortgage rates to support the property market.
Avolta To Buy Hong Kong Duty-Free Retailer, Lifting Asia Pacific Sales To $1 Billion
The move from Avolta takes advantage of a slow market in China and its impact on Hong Kong where Free Duty is based. It will add an estimated $300 million revenue in FY2024.
Hong Kong, Turkey agree on double taxation avoidance in boost for Belt and Road Initiative
Turkey is among Hong Kong’s 30 top trading partners and a key country in Belt and Road Initiative, government says.
Festive Korea 2024: Catch the biggest celebration of Korean culture in Hong Kong
Catch Festive Korea 2024 for the biggest celebration of Korean culture in Hong Kong. Find out more details including what to expect.
Hong Kong’s Hang Seng Index surpasses 19,000 points
HONG KONG, Sept. 24 (Xinhua) -- Hong Kong's benchmark Hang Seng Index surged more than 4 percent to surpass the 19,000 mark during Tuesday's afternoon trading, as a slew of pro-growth measures boosted ...
Hong Kong stocks surge over 3% as PBOC announces a slew of policy easing measures in rare briefing
The People's Bank of China has announced that it will reduce the reserve requirement ratio by 50 basis points, among other measures.
Hong Kong, Shanghai lead markets rally after China stimulus
Hong Kong and Shanghai stocks led gains across Asia and Europe on Tuesday after China unveiled fresh stimulus measures as the country's leaders struggle to kickstart growth in the world's number two ...
Property stocks in Hong Kong rally on homes mortgage stimulus
Hang Seng Mainland Properties Index surged as much as 5% after PBOC Gov. Pan Gongsheng announced several measures on Tuesday.
Asia: Hong Kong, Shanghai rally on China stimulus on mixed day for markets
HONG Kong and Shanghai stocks rallied on Tuesday after China unveiled fresh stimulus measures as the country’s leaders struggle to kickstart growth in the world’s number two economy. Read more at The ...
Hong Kong, Shanghai rally on China stimulus on mixed day for markets
Hong Kong and Shanghai stocks rallied Tuesday after China unveiled fresh stimulus measures as the country's leaders struggle to kickstart growth in the world's number two economy. After a string of ...
Despite their many differences, Hong Kong and Singapore’s property markets both show that a monetary easing cycle is not a panacea
Despite their many differences, Hong Kong and Singapore’s property markets both show that a monetary easing cycle is not a panacea.
Meet the Hong Kong billionaires behind some of the world’s glitziest hotels — and the generation who could inherit the empire
Cheng Yu-Teng turned his profits from selling jewelry into a multibillion real estate empire now run by his grandchildren.
Hong Kong dazzled by drone shows but creative content, fewer rules needed, experts say
Creativity is key to keep attracting people to drone shows while commercial elements also need to be strengthened, lawmaker says.
Hong Kong’s advanced materials institute plans to extend R&D services to Greater Bay Area
Non-profit institute sees opportunities in licensing its technology to generate income to fund new equipment and facilities, CEO Fung says.