Troubled Chinese property developer Evergrande has found a potential buyer for its Hong Kong headquarters, reports said Thursday, days before an expected announcement of the firm’s long-awaited ... ( read original story ...)
Hang Lung’s chairman warns of turbulent times ahead for Hong Kong’s real estate as city finds itself squeezed between US and China
Hang Lung's underlying interim net profit edged up 1 per cent to HK$2.22 billion (US$282.42 million) in the first half Total revenue increased by 6.6 per cent to HK$5.3 billion Hang Lung Properties, ... ( read original story ...)
After US fed hike, Hong Kong raises benchmark interest rate by 75 basis points
With this hike in interest rates, the attention is most likely to Hong Kong banks -- including HSBC Holdings Plc and Standard Chartered Plc -- that have so far this year maintained their best lending ... ( read original story ...)
HANG SENG BANK Keeps Prime Lending Rate at 5%
HANG SENG BANK (00011.HK) announces that its Hong Kong dollar prime lending rate remains unchanged at 5% p.a. Hong Kong dollar savings deposit rates also remain unchanged, with a 0.001% p.a. interest ... ( read original story ...)
Hong Kong stocks end with losses
Hong Kong stocks fell on Thursday, bucking a rally across world markets, as another interest rate hike by the Federal Reserve forced the city’s central bank to lift its own borrowing costs and put ... ( read original story ...)
Hong Kong should repeal sweeping national security law, U.N. experts say
A United Nations panel of independent human rights experts urged the repeal of Hong Kong's national security law, saying the sweeping legislation is being broadly applied to crack down on civil ... ( read original story ...)
Hong Kong’s Colonial Nostalgia
Many of the city’s people are seeking refuge in Britain as former subjects who have fled their ostensibly decolonized homeland. ( read original story ...)
Hongkong Land reverses to profitability with US$292 mil earnings for 1HFY2022
Hongkong Land has reversed to profitability with earnings of US$292 million ($405.0 million) for the 1HFY2022 ended June, compared to the HK$865 million loss seen in the same period the year before. ( read original story ...)
BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) Sees Large Drop in Short Interest
Limited (OTCMKTS:BHKLY – Get Rating) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 100 shares, a decrease ... ( read original story ...)
BOC HK Keeps HKD Prime Rate at 5%
BOC HONG KONG (02388.HK) announced that the HKD prime rate and savings deposit rates will be kept unchanged at an annual rate of 5% and 0.001%, respectively. Related News JPM Fore ... ( read original story ...)
Live news updates: Evergrande puts Hong Kong headquarters on the market as it scrambles to pay debts
Despite the charges, Barclays said it would pay a dividend of 2.5p a share and buy back £500mn of its stock. Overall revenue rose 23 per cent to £6.7bn, compared with the average £6.5bn analyst ... ( read original story ...)
Live news updates: Evergrande puts Hong Kong headquarters on the market for around HK$9bn
Under the plan, recently approved by China’s State Council, or cabinet, the banks will use the PBoC loans along with their own funds, lent at market rates, to refinance stalled real estate projects. ( read original story ...)
China Targets $148 Billion in Financing for Cash-Strapped Developers – FT
China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as it tries to revive the debt-stricken sector ... ( read original story ...)
Hong Kong Chronicles Institute Debuts First Volume of English Edition of Hong Kong Chronicles on 7,000 Years of Local History in a Dedicated Ceremony
Mr John Lee Ka-chiu and Mr Liu Guangyuan deliver keynote speeches in the presence of over 40 consuls based in Hong Kong ... ( read original story ...)