Credit Suisse warns that the government needs to intervene to bring informal lending to heel, or the economic repercussions could be dire. (read the news…) Related items Hong Kong Stocks Rise Early, As Property Advances Hong Kong Stocks May Challenge 21,000-Point Mark Hong Kong people in feud with 'mainlanders' Asia Society Expands, in Houston...
Hong Kong shares slumped on Friday, closing out their worst quarter in a decade, as long-only funds sold off mainland banks and property stocks on fears of growing risks to the Chinese economy and as Europe’s debt crisis showed no signs of easing. (read the news…) Related items Hong Kong shares slump to worst...
Hong Kong’s abandoned Kai Tak Airport, idle for 13 years, may hold the answer to a space shortage in the world’s costliest office market where banks including Goldman Sachs Group Inc. jostle for towers. (read the news…) Related items Abandoned Airport May Hold Answer to Hong Kong’s Office Problem UBS upgrades Shun Tak to...
Hang Lung, the Hong Kong developer that’s building high-end shopping malls in other parts of China, and its parent bought two sites in Kunming in southwestern China for 3.5 billion yuan ($547 million), it said in a filing to the stock exchange today. (read the news…) Related items HK Shopping Mall Fetches $2.4 Billion...
Shares in Gome Electrical Appliances, a Hong Kong-listed electronics retailer whose biggest shareholder is jailed Chinese billionaire Wong Kwong Yu, fell by 11% today after the company said it would invest in a joint venture real estate development company that Wong would control. Gome Electric, which is also 9.8% invested by Bain Capital, would...
Hong Kong Financial Secretary John Tsang predicted a “soft landing” for the real estate market and said the city will keep its currency peg to the U.S. dollar, blamed for helping drive home prices up about 70 percent. (read the news…) Related items Hong Kong’s Tsang Sees ‘Soft Landing’ for Property, Keeps Peg Hong...
Hong Kong Financial Secretary John Tsang predicted a “soft landing” for the property market and said the city will keep its currency peg to the U.S. dollar, blamed for helping drive home prices up about 70 percent. (read the news…) Related items Hong Kong’s Tsang Sees Property ‘Soft Landing,’ Backs Peg Hong Kong’s John...
HONG KONG (Reuters) – China’s property developers are facing increasing liquidity pressure over the next six to 12 months and tightening credit conditions may see some cut prices, Standard and Poor’s said on Tuesday. (read the news…) Related items Standard Chartered’s Bindra Sees Hong Kong Hyperinflation Risk Asian shares fall on European downgrades OPINION:...
Hong Kong shares snapped a four-day losing streak on Tuesday as the best single-day gains since May 2009 pulled the Hang Seng Index out of technically oversold territory, but turnover declined for a second straight session. (read the news…) Related items Hong Kong stocks rise, with property, energy up Hong Kong stocks rise, with...
