Chief Executive John Lee says government has been selling land as usual since the clauses were put in place in November He says representatives of the property sector have indicated they support the ...
Hong Kong stocks approach 6-week low amid capital flight as traders await US inflation report
Hong Kong stocks weakened, approaching a six-week low amid concerns about capital flight from the city’s financial markets while traders await the latest US inflation report that may sway the Federal ...
Hong Kong makes first currency market intervention of 2023, sells US$538 million to support local dollar amid capital flight
HKMA buys HK$4.22 billion and sells equal amount of US dollars to bolster exchange rate, keep currency within trading band Intervention follows a 25-basis points increase in the key US rate by the ...
Hong Kong must seize opportunities with Middle Eastern investors eyeing mainland China market, top banker says
Standard Chartered's Benjamin Hung says senior executives of sovereign wealth funds he met last week all agreed assets allocated to China 'could be increased' China, with its partially closed capital ...
Hong Kong-based Prestige Wealth downsizes US IPO to $9M from $15M
Hong Kong-based wealth and asset management firm Prestige Wealth has downsized its proposed US initial public offering to $9M from $15M. Prestige Wealth said that it intends to of ...
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 property developers dismiss investor confidence fears over national security law clauses in land sale documents
Land tender documents found to have clauses to warn potential buyers of disqualification for national security breaches But real estate association says no objections registered from members and move ...
Dekon Serves Up Hong Kong IPO Rich on Meat, But Low in Margins
Dekon Food has filed for a Hong Kong IPO, posting variable profits in recent years on wildly fluctuating hog prices Soaring feed costs and increased borrowings to fund expansion have left the company ...
DBS Bank to offer cryptocurrency trading in Hong Kong
Singapore state-owned megabank DBS Group wants to expand its crypto platform to Hong Kong as the Chinese territory pushes to become a digital asset hub.
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 plans first digital green bond offering, said to target US$102 million proceeds
The government has asked the Bank of China, Credit Agricole, Goldman Sachs and HSBC to hold investors calls on Monday, Bloomberg reports The tokenised notes would be a 'pilot issuance' to test ...
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 ...
Hong Kong Hires Banks For Debut Digital Green Bond Sale
Hong Kong’s government has hired banks to arrange its debut sale of digital green bonds, expanding the use of a nascent technology that promises faster settlement and payment.Most Read from BloombergC ...