Lower interest rates have yet to spur a recovery in Hong Kong’s property market as weekend sales dropped to the lowest in two months, days after banks in the city reduced borrowing costs.
Lower rates fail to lift transactions on Hong Kong’s secondary property market
The new cycle of interest rate cuts spurred by the Fed failed to lift Hong Kong’s secondary property market over the weekend.
Why rate cuts won’t save cash-strapped Hong Kong tycoons and their luxury properties
Hong Kong luxury property market grapples with high interest rates and falling valuations, forcing wealthy owners to sell at big losses In the first of a two-part series, Salina Li, Aileen Chuang and ...
Various sectors say interest rate cut beneficial to Hong Kong economy
The Hong Kong Monetary Authority HKMA on Thursday reduced its base interest rate to 525 percent which is widely considered to be conducive to enha ...
Why are selfie shops and claw machine arcades popping up all over Hong Kong?
The new lipstick effect? ‘Experiential stores’ are taking over as traditional shops shut in Hong Kong as people spend less amid struggling economy ...
Hong Kong banks trim prime rates by a quarter point, meeting Fed’s aggressive cut halfway
Hong Kong cut its base rate cut by 50 basis points for the first time in four years, kicking off a cycle that would help businesses and homeowners.
HK central bank cuts interest rate
The Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged via the overnight discount window by 50 basis points to 5.25 percent, tracking a move by the US Federal Reserve.
Hong Kong’s property market set to revive gradually as rate cuts buoy sentiment, demand
The first rate cut should lure more homebuyers back to showrooms, and prices are appealing after a 25 per cent slump from peak, analysts say.
Borrowers urged to be cautious despite rate cut
The Acting Chief Executive of the Hong Kong Monetary Authority (HKMA), Howard Lee, on Thursday urged people to remain cautious when it comes to applying for mortgages or making borrowing decisions, ...
Hong Kong Stocks Surge on U.S. Rate Cut Hopes and Midea Group’s Upbeat Debut
Hong Kong stocks climbed in a holiday-thinned trade, driven by local property giants and an optimistic listing of Chinese home appliances maker Midea Group. The Hang Seng index increased by 237.90 ...
Midea’s successful Hong Kong listing is a good sign for Chinese companies going global, investment firm says
William Ma, CIO of Grow Investment Group, says "green shoots [are] coming back" in the Chinese market despite struggling macroeconomic data.
Mortgage Rates in the US Hold at the Lowest Level Since May 2023
Mortgage rates in the US held steady, giving homebuyers a crack at the lowest loan costs since May 2023. Most Read from BloombergThe Outsized Cost of Expanding US RoadsHow Air Conditioning Took Over ...
HKMC issues second ILBS issuance for $423m as investor demand grows
The Asian Infrastructure Investment Bank is an anchor investor in SPV Bauhinia 2, which contains a $107m sustainability tranche; meanwhile, the Hong Kong Mortgage Corporation will have a new CEO in ...
Hong Kong Stocks Surge on Rate Cut Hopes
Hong Kong stocks rose in a holiday-thinned trade, driven by local property giants and a strong debut by Midea Group, amid hopes of a significant interest rate cut by the U.S. Federal Reserve. The Hang ...