The number of people in Hong Kong whose homes are worth less than their mortgages surged to an 18-year high as the financial hub struggles with the worst housing slump in more than a decade.
Hong Kong unveils plans for temporary apartments
Hong Kong plans to spend about US$3.32bil (RM14bil) on temporary apartments to help reduce the wait times for public housing in one of the world’s most expensive real estate markets.
Reed Smith and Morgan Lewis Add Debt Securities Partners to Hong Kong Practices
Reed Smith and Morgan Lewis have both appointed a new debt securities partners to their Hong Kong offices. Reed Smith and Morgan, Lewis & Bockius have each hired a debt securities partner in Hong Kong.
Hong Kong luxury apartment rents to rise by up to 5% by year-end
Rents will be subdued in the first half of the year. A Savills report reveals that Hong Kong Island luxury apartment rents are now 17% below peak levels in 2019 while townhouses are down by around 13%.
More to Hong Kong talent search than just finding it
As Hong Kong battles to recover from economic damage inflicted by the pandemic, it has to address its strengths and weaknesses and recruit accordingly Chief Executive John Lee Ka-chiu put the fight to ...
Hong Kong residents scramble to get rid of CBD products after ban lumps it with heroin, cocaine
Hong Kong has put CBD in the same class of drug as cannabis, cocaine, ecstasy, heroin, ketamine and "ice" due to difficulty in isolating pure CBD from cannabis.
Not just a shopping mall: as Hong Kong reopens, a time to fix old problems and chart new path
While Hong Kong did well during the pandemic, there are several unaddressed issues that must be resolved as the city gets back on its feet Rather than restore the status quo, leaders must fix the city ...
Hong Kong stocks decline as traders await more China recovery signals, while fund warns of market pullback as Fed meets
Stocks declined for a second day as traders looked for more recovery signals to justify the rally.The Fed holds its policy meeting this week. BYD surged following a bullish earnings alert.
Hong Kong lawmakers call for rethink on ‘obnoxious’ public service facilities planned for Tseung Kwan O after proposal attracts 7,000 complaints
Lawmaker Connie Lam says she was inundated with more than 7,000 objections to plan in just two weeks Government insists sites cannot be put elsewhere because they need to be on coast Hong Kong ...
Hong Kong aims to revive the wrecked crypto sector
The territory said that it would learn from the US$2 trillion crypto market rout and a spate of global bankruptcies, such as the collapse of the FTX exchange, to create a fresh regulatory framework ...
Hong Kong developers raise concerns over plan to build 10,700 temporary public flats in prime urban site, cast doubt on Kai Tak’s ability to handle new residents
Association representing real estate developers says it only learned about government's plan recently and has received letters from concerned residents According to government source, flats 'will not ...
Hong Kong will not tolerate algorithmic stablecoins in new regulation
The chief financial regulator will demand all stablecoin issuers back up their values with the reserve assets at all times.
Cannabis, tobacco vape maker Inspire Tech files U.S. IPO
The maker of Aspire, which sells tobacco products worldwide and vaping products in the United States, is looking to go public ...
Taiwan’s export orders down 23 per cent, China and Hong Kong lead decline despite reopening
Taiwan’s export orders fell by 23.2 per cent in December compared to a year earlier to US$52.17 billion, data released on Tuesday showed, with mainland China and Hong Kong leading the decline in ...