The winning bid was at least 5,100 times the reserve price and represented more than 80% of the total raised at the auction.
Hong Kong Customs Seize $120 Million in Illicit Cigarettes
Hong Kong Customs reported Monday that it had intercepted a shipment of approximately 42 million illicit cigarettes with an estimated worth of HK$120 million (US$15.3 million) on the open market.
National security warning now a part of Hong Kong land sales
Hong Kong real estate is the most expensive in the world, but it wasn't eye watering prices that took investors by surprise this week.
Hong Kong star Jacqueline Wong makes entertainment comeback years after cheating scandal
Hong Kong star Jacqueline Wong has returned to the entertainment industry with a new music release after a four-year hiatus. The popular actress, who stayed under the radar since her high-profile ...
China Insider #10 | Wuhan Protests, the Chinese Healthcare System, and the “Hong Kong 47”
Protests broke out last week in the city of Wuhan over drastic cuts to healthcare subsidies. Driven mostly by retirees, the unusual protest against the municipal government in Wuhan resulted in nearly ten thousand Chinese citizens besieging to the city government,
Hong Kong’s John Lee Shrugs Off Investors’ Concerns Over National Security Terms In Land Sales
The government has recently added a warning to its land sale and short-term lease tender documents which states that potential buyers could be disqualified if they or their parent companies engage in ...
Beijing eases meeting rule for US top diplomat in Hong Kong
Beijing has dropped a requirement for the United States consul general to secure China’s approval before meeting officials in the semi-autonomous Chinese city of Hong Kong ...
Hong Kong Dollar Hits Weak End of Band, HKMA Intervenes For First Time Since November
Hong Kong bought local dollars to defend its peg to the greenback for the first time since November, as a slump in bank borrowing costs made shorting the city’s currency a popular trade.Most Read from ...
Hong Kong adds security law clauses to land sales, property stocks drop
Hong Kong's Lands Department has added national security clauses to all land sale and short-term lease tender documents in the Asian financial hub, the Development Bureau said on Monday, confirming an ...
Hong Kong Land Sales Now Come With National Security Warning
Hong Kong’s government, which owns virtually all the land in the city, has inserted a national security clause into land sales in a warning to property developers.Most Read from BloombergChina Ready t ...
Hong Kong Land Sales Now Come With a National Security Warning
Hong Kong’s government, which owns virtually all the land in the city, has inserted a national security clause into land sales.Most Read from BloombergChina Ready to Down Object Flying Near Naval Base ...
Investors see Hong Kong property stocks, funds as reopening trades
HONG KONG, Feb 13 (Reuters) - As global investors look for ways to profit from China's reopening from pandemic controls, the beaten-down shares of Hong Kong's property firms and real estate funds have ...
Hong Kong Hires Banks For Inaugural Tokenized Green Notes
The government of Hong Kong has mandated banks to arrange a debut offering of tokenized green notes, as the city continues its push into sustainable financing and digital assets. The special ...
Futu users in Hong Kong gain access to U.S. stock trading
Hong Kong-based users of the digital brokerage platform Futu will be able to trade U.S. equities during local business hours for the first time on Monday, Nikkei Asia has learned. Futu Holdings, which ...