When Hong Kong transitioned from British to Chinese rule, Edmond Hui was a floor trader at the bustling stock exchange, witnessing the roaring growth of a city at the crossroads of the West and Asia. ( read original story ...)
Hong Kong elite descends on Tokyo for bargain property buys
Investors join luxury real estate tours as yen hits record lows and Bank of Japan sticks to ultra-loose policies ... ( read original story ...)
Why business is not giving up on Hong Kong
On a cloudy June day, the Jumbo Floating Restaurant was towed out of Hong Kong's Aberdeen harbour. The giant six-storey structure - in the shape of a Chinese imperial palace - crept past yachts a ... ( read original story ...)
Hong Kong: Why business is not giving up on the Asian financial hub
The mega restaurant, which could house 2,300 diners at a time, had spent nearly a half a century in Hong Kong's waters. It drew visitors like the Queen, Richard Branson and Tom Cruise, and featured in ... ( read original story ...)
China and Hong Kong: The UK Hongkongers living with handover’s legacy
Hong Kong, a former British colony, was handed back to China as a special administrative region (SAR). The island, both sides agreed, would continue to enjoy a high degree of autonomy until 2047 when ... ( read original story ...)
Hong Kong was a Rolls-Royce. China just had to turn the ignition
Twenty-five years since the city passed from British to Chinese rule, its last British governor Chris Pattens says Beijing did not keep its word. Chris Patten does not mince his words about the ... ( read original story ...)
Hong Kong’s homebuyers snap up Grand Jete’s new flats in Tuen Mun to get ahead of rising mortgage rates
Hong Kong’s biggest mortgage lenders kept their prime rates unchanged immediately after the monetary authority’s June 16 move, giving homebuyers the opening to get ahead of higher borrowing costs. ( read original story ...)
New issuers line up for Hong Kong IPOs
Five Chinese companies took their Hong Kong IPO plans to the next step this week despite a difficult market environment. Weilong Delicious Global Holdings and Miniso Group have passed their listing ... ( read original story ...)
Talent drain: Could Hong Kong shift from a financial to tech giant?
Hong Kong’s status as a global business center is waning and some say a transformation is due. Last year, 90,000 people left Hong Kong and during the second wave of COVID this year, more than 100,000 ... ( read original story ...)
How the world’s ‘most high-profile kleptocracy case’ didn’t stop the sale of this Hong Kong penthouse
A penthouse in one of Hong Kong’s swankiest property developments sold for $36.5-million to a company linked to Gulnara Karimova, daughter of the late Uzbekistan dictator Islam Karimov – bringing to l ... ( read original story ...)
Evergrande vows to oppose Hong Kong lawsuit from small creditor
China Evergrande said that it would “vigorously” oppose a winding-up petition filed by a small creditor as the world’s most indebted property developer comes under pressure from investors cut out of ... ( read original story ...)
Hong Kong’s luxury home rents fall as expats leave in droves due to Covid curbs, while New York, Toronto and Singapore see gains
Prime rents in Hong Kong fell 1.1 per cent quarter on quarter in the year's first three months Rents for Hong Kong's high-end homes have slipped 6.8 per cent since the pandemic started in 2020 Hong ... ( read original story ...)
The transformation of Hong Kong in five charts
OUTSHINED BY MAINLAND CHINA While Hong Kong retains an outsized, indirect contribution to China's economic growth given its status as the only Chinese financial centre not subject to capital controls, ... ( read original story ...)
FAST FACTS: Major finance milestones as Hong Kong marks 25 years since handover
Hong Kong returned to China in 1997 after 156 years of British colonial rule. Here are some major milestones for the city’s financial markets: Hong Kong dollar tra ... ( read original story ...)