Loans stood at HK$25.6b during the month, the Monetary Authority reported. Residential mortgage loans approved in December declined by 9.4% in December to HK$25.6b, the Hong Kong Monetary Authority ...
Hong Kong economy shrinks worse-than-expected 3.5 per cent in 2022 on weak external demand, advance figures show
Domestic demand slackened, dragged initially by Hong Kong’s fifth wave of Covid-19 cases and subsequently by tightened financial conditions, the spokesman said. “Looking ahead, the Hong Kong economy ...
Hong Kong’s Q4 GDP down 4.2% y/y, 4th quarter of contraction
Hong Kong's economy contracted by 4.2% in the fourth quarter from a year earlier, advance government data showed on Wednesday, shrinking for the fourth consecutive quarter as exports were hampered by ...
Hong Kong Based Brokerage Grandbay Capital Expects IPO Market To Pick Up In 2023
Grandbay Capital expect investors to have more IPO options to choose from this year, after a lean 2022. CENTRAL, HONG KONG, January 29, 2023 /einpresswire.com / -- Director of Institutional ...
China EV Makers Jump in Hong Kong, Extending Wall Street Rally
Shares of Chinese electric car makers jumped in Hong Kong on Wednesday, extending soaring overnight gains on Wall Street, driven in part by expectations of recovering sales in the world’s largest automobile market.
Hong Kong bans CBD, forcing businesses to shut or revamp
Hong Kong has banned CBD as a “dangerous drug” and imposed harsh penalties for its possession, forcing fledging businesses to shut down or revamp.
Higher Open Called For Hong Kong Shares
The Hong Kong stock market has moved lower in consecutive trading days, tumbling more than 840 points or 4 percent along the way. The ...
Hong Kong is criminalizing CBD as a ‘dangerous drug’ alongside heroin
Two years ago, cannabidiol was booming in Hong Kong. The compound, known as CBD, was popping up in cafes, restaurants and stores, with businesses eager to join an exciting new market already ...
Hang Lung Properties says Hong Kong property recovery will not be ‘V-shaped’
Adriel Chan from Hang Lung Properties says Hong Kong will get a boost from the return of Mainland China travelers looking for an "alternative" market.
Hong Kong Housing Slump Pushes Negative Equity to 18-Year High
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 ...