Hong Kong’s economy contracted at a slower pace in the fourth quarter of 2022, partly owing to stronger growth in government consumption expenditure.
Hong Kong’s Economy Contracts in 2022 on Covid, Slowing Demand
Hong Kong’s economy contracted last year for the third time since 2019 as slowing global demand, rising interest rates and a prolonged exit from isolating Covid curbs weighed heavily on the financial hub.
China EV Makers Jump in Hong Kong, Extending Wall Street Rally
Shares of Chinese electric car makers jumped in Hong Kong on Wednesday, extending soaring overnight gains on Wall Street, driven in part by expectations of recovering sales in the world’s largest automobile market.
Hang Lung Properties says Hong Kong property recovery will not be ‘V-shaped’
Adriel Chan from Hang Lung Properties says Hong Kong will get a boost from the return of Mainland China travelers looking for an "alternative" market.
Hong Kong Housing Slump Pushes Negative Equity to 18-Year High
The number of people in Hong Kong whose homes are worth less than their mortgages surged to an 18-year high as the financial hub struggles with the worst housing slump in more than a decade.
Hong Kong unveils plans for temporary apartments
Hong Kong plans to spend about US$3.32bil (RM14bil) on temporary apartments to help reduce the wait times for public housing in one of the world’s most expensive real estate markets.
Reed Smith and Morgan Lewis Add Debt Securities Partners to Hong Kong Practices
Reed Smith and Morgan Lewis have both appointed a new debt securities partners to their Hong Kong offices. Reed Smith and Morgan, Lewis & Bockius have each hired a debt securities partner in Hong Kong.
Hong Kong luxury apartment rents to rise by up to 5% by year-end
Rents will be subdued in the first half of the year. A Savills report reveals that Hong Kong Island luxury apartment rents are now 17% below peak levels in 2019 while townhouses are down by around 13%.
Hong Kong residents scramble to get rid of CBD products after ban lumps it with heroin, cocaine
Hong Kong has put CBD in the same class of drug as cannabis, cocaine, ecstasy, heroin, ketamine and "ice" due to difficulty in isolating pure CBD from cannabis.
Not just a shopping mall: as Hong Kong reopens, a time to fix old problems and chart new path
While Hong Kong did well during the pandemic, there are several unaddressed issues that must be resolved as the city gets back on its feet Rather than restore the status quo, leaders must fix the city ...
Hong Kong lawmakers call for rethink on ‘obnoxious’ public service facilities planned for Tseung Kwan O after proposal attracts 7,000 complaints
Lawmaker Connie Lam says she was inundated with more than 7,000 objections to plan in just two weeks Government insists sites cannot be put elsewhere because they need to be on coast Hong Kong ...
Hong Kong’s Lee Rebuffs Calls for Inquiry Into Pandemic Handling
Hong Kong’s leader dismissed calls for an independent commission to look into the city’s handling of the Covid pandemic.Most Read from BloombergWall Street Is Losing Out to Amateur Buyers in the ...
Most Hong Kong stocks decline as traders await more China recovery signals, Fed policy action
Most stocks in Hong Kong decline as traders seek more recovery signals to justify recent price rally, with one eye on the Federal Reserve policy action this week. BYD surges following a bullish ...
When pirates held a party after killing sailors on a cargo ship off Hong Kong, and went to their executions drunk and singing Ricky Martin
Pirates attacked a cargo ship off Hong Kong in 1999, killed 23 sailors, then held a party onboard. 13 pirates were sentenced to death, and went to their deaths singing a Ricky Martin song.