Hong Kong property developer Hysan Development Company Limited (OTC: HYSNY) issued a prospectus for up to $4 billion of medium-term bonds Monday, more than 10 times its average medium-term debt tr ...
Hong Kong eyes stronger ties with Thailand to boost its economic growth in Southeast Asia
Thailand and Hong Kong have agreed to promote more business exchanges as Hong Kong seeks more economic opportunities in Southeast Asia.
Hong Kong developers’ $76.4 billion rout may deepen as risks mount
Home prices in the city have dropped 18% from a record high in 2021 to the lowest in more than six years. Read more at straitstimes.com.
Hong Kong’s affluent become millionaires by the age of 33 on average, wary about property as store of wealth, survey finds
Hong Kong’s affluent become millionaires by the time they turn 33 on average, according to an annual survey by HSBC, which also found that respondents were confident about reaching the next milestone ...
HKers become millionaire at the age of 33: HSBC
A survey has found that affluent Hongkongers, on average, achieve millionaire status at the age of 33. HSBC surveyed 1,098 people, aged between the ...
Scammers steal HK$3.5 million worth of virtual assets from Binance accounts using fake text messages, Hong Kong police say
bank accounts and mobile phone numbers or IP addresses. Police handled 18,743 deception cases between January and June this year, an increase of 52 per cent from 12,326 logged over the same period in ...
Head of Hong Kong’s largest journalist union sentenced to 5 days in jail for obstructing police officer after refusing to show identity card
The head of Hong Kong’s largest journalist union was sentenced on Monday to five days in jail for obstructing a police officer by refusing to present his identity card during a stop-and-search ...
Hong Kong start-up festival strives to draw 20,000 attendees amid city’s push to be a tech hub
StartmeupHK, which takes place in November this year, will mark its first full return to physical events since the Covid-19 pandemic The conference is seen as a bellwether for sentiment in the Hong ...
Chinese EV startup WM Motor files for bankruptcy
Chinese electric vehicle startup WM Motor has filed for bankruptcy, marking the demise of a promising standout among China's EV makers as price competition in the world's largest auto market heats up.
China’s Country Garden warns of default again as property sales plunge
For the second time in just over two months, Country Garden has warned investors that it could default on its $190 billion debt in a reminder that China’s real estate crisis is far from over, after it ...
China’s property crisis just keeps getting worse — property giant Country Garden just warned it may default on its debt
China's Country Garden warned on Tuesday it could default on its offshore debt payments. It said in a filing it did not make a due payment in the principal amount of HK$470 million, or $60 million.
Hong Kong eyes stronger economic and trade ties with Thailand to expand its role in Southeast Asia
Hong Kong's leader says the city will seek to strengthen its economic and trade ties with Thailand after a meeting with the country’s prime minister.
Hong Kong developers’ $76 billion rout may deepen as risks mount
Home prices have dropped 18 per cent from a record high in 2021 to the lowest in more than six years. Read more at straitstimes.com.
Hong Kong gov’t expected to face larger deficit than expected, as finance chief cites weak land sales
The Hong Kong government is expected to face a larger deficit than expected this year, finance minister Paul Chan has said, citing poor land sales amid a struggling property market. Speaking on a ...