GDP 4.5% from a year earlier as consumers and companies slashed spending. The government is trying to rally enthusiasm for its finance sector - as signaled by the flagship Fintech Week and Global ... ( read original story ...)
China’s property crash sends billionaire founders heading to exits
Defaults, failure to deliver homes on time and an unrelenting market sell-off. Now builders’ founders are leaving. Read more at straitstimes.com. ( read original story ...)
Hong Kong’s negative equity mortgage cases surge in Q3
HONG KONG : Cases of negative equity in Hong Kong's residential mortgage loans registered a near ninefold increase in the third quarter from the previous one, the city’s de facto central bank said, ... ( read original story ...)
Hong Kong is weighing a plan to allow retail investors to trade cryptocurrencies, potentially paving the way to real estate security token offerings
Hong Kong's government will also examine the property rights for crypto assets as well as the process for legalizing smart contracts. The city's moves could lay the groundwork for offering real estate ... ( read original story ...)
Hong Kong Hang Seng Down 1.2% on Property-Sector Declines
The Hong Kong Hang Seng Index could not sustain a midday rally and closed down 1.2% on Monday, as property stocks again led trading floors into the red. The broad gauge Hang Seng fell 176.04 to 14,687 ... ( read original story ...)
Hong Kong to explore legalizing retail crypto trades in reversal of previous proposal
Hong Kong has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds and plans to conduct pilots in NFT issuance and CBDC. ( read original story ...)
Li Ka-shing’s skyscraper one-fifth empty as Hong Kong vacancies hit record
Empty premium office space – or the so-called Grade-A stock – has almost tripled in three years to an all-time high. Read more at straitstimes.com. ( read original story ...)
Li Ka-shing’s skyscraper is 21% empty as Hong Kong vacancies hit record
HONG KONG’S most prestigious skyscrapers have more empty office space than ever before, underscoring the challenge facing John Lee’s government as he tries to revive the city’s standing as an ... ( read original story ...)
Hong Kong Mortgage Corp HK$ 2yr IPG 5.25% area, CNH 3yr IPG 3.75% area
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Hong Kong Office Market Aided by Flex Space Operators Continued Expansion
Based on JLL's latest Hong Kong Property Market Monitor Report released this week, Hong Kong's Grade A office market recorded net absorption of 157,000 sq ft in September 2022. Flex space operators ... ( read original story ...)
Hong Kong Hang Seng Index Down 3.7%; Property, Tech Issues Routed
The Hong Kong Hang Seng Index opened evenly Friday but slumped to the close, finishing down 3.7%, as traders weighed ongoing anti-pandemic measures in mainland China, Beijing's economic and political ... ( read original story ...)
Hong Kong home prices drop 2.1% in September 2022
The property price index was at 362.1 in September, down 9% from an all-time peak of 398.1 in September last year. Home prices in the financial hub have fallen 8.1% in the first nine months of this ... ( read original story ...)
Hong Kong Hang Seng Up 0.7% But Property Issues Slip
The Hong Kong Hang Seng Index opened higher Thursday and held on to close up 0.7%, despite ongoing softness in property issues. Tech shares gained. The broad gauge Hang Seng rose 110.27 to 15,427.94, ... ( read original story ...)
Hong Kong home prices drop 2.1% in Sept, down 8% this year
Hong Kong private home prices fell 2.1% in September from a month earlier to the lowest since January 2019, official data showed on Thursday, dragged down by rising interest rates and a pessimistic ... ( read original story ...)