Hong Kong has the most expensive real estate in the world, with the average single-family home in the Kowloon area priced at $3,570.23 per square foot, says a recent survey by Century 21 Canada. This is 3.5 times more expensive than Beijing, the second ... ( read original story ...)
Hong Kong government lacks creative ideas to tackle soaring home prices
The situation is putting further pressure on Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor ... That support even went so far as parents taking out mortgages on the family’s main residence to help fund flat purchases by the children, the authority ... ( read original story ...)
‘Whale’ gamblers also placed bets on B.C. real estate
“Once they’re done gambling, they can take their winnings in U.S. funds or Hong Kong dollars and invest it in property ... loans were made by Jin to BCLC-identified VIPs for them to make mortgage payments on Vancouver homes. Another common transaction ... ( read original story ...)
Hong Kong stocks highest in over two years, boosted by property developers
Hong Kong stocks reached their highest level in almost two and a half years at the close on Wednesday, as property developers, banks and insurers led the gains. The benchmark Hang Seng Index advanced 0.7 per cent, or 206 points, to finish the Wednesday ... ( read original story ...)
Most Hong Kong business travellers want leisure time on work trips
More than half of Hong Kong business travellers say that adding leisure time during a business trip makes their meetings more successful, according to a recent Booking.com for Business survey. The study, conducted with more than 17,000 working ... ( read original story ...)
Did Hong Kong fumble the ball on China’s ‘golden era’? Yes, says Credit Suisse
Hong Kong has missed the boat on a more than decade-long opportunity to benefit from China’s development, as the mainland’s growth super-cycle is now set to cool amid credit deleveraging and as consumption replaces investment as the centrepiece of the ... ( read original story ...)
Hong Kong bourse sees most short-seller attacks in 2017, prompting tightening regulation
Hong Kong’s listed companies were on the receiving end of the ... HKEX forced Asia Coal to suspend trading and enter the initial stage of delisting procedures, citing its inactive business operations or valuable assets. The company soon announced a ... ( read original story ...)
Private Limited Company incorporation in Hong Kong – What You Need to Know
Hong Kong follows the English law or British law and has one country but two systems. Hong Kong has a stable and open economy that helps the foreign business investors to set up a company easily. Important things about Private Limited Company incorporation ... ( read original story ...)
Former Hong Kong leader appears in court over sandwich ‘attack’
Unpopular former Hong Kong leader Leung Chun-ying testified on Wednesday in a ... Footage of the incident captured by local news network i-Cable was played in court and showed the back of Leung, who was seen ducking smoothly when the sandwich was thrown. ( read original story ...)
Hong Kong universities get high rankings in law and education despite political controversies
Universities in Hong Kong were recognised as top schools of law and education in Asia according to a global survey, despite ongoing controversies involving the city’s rule of law and freedom of expression. The rankings announced by the Times Higher ... ( read original story ...)
Hong Kong developers switch to buying buildings outright as land costs soar
Hong Kong property firms have shifted their attention to buying whole, completed buildings outright in the city’s central districts, as their aggressive and deep-pocketed mainland rivals bid up the price of land to sky-high levels. Vincent Cheung Kiu-cho ... ( read original story ...)
HSBC Holdings plc (Hong Kong) (0005) Is Yet to See Trading Action on Oct 4
Shares of HSBC Holdings plc (Hong Kong) (HKG:0005) closed at 77.45 yesterday. HSBC Holdings plc (Hong Kong) currently has a total float of 20.40B shares and on average sees 20.36 million shares exchange hands each day. The stock now has a 52-week low of 56 ... ( read original story ...)
Bangladesh Bank rejects City request to set up subsidiary in HK
DHAKA: Bangladesh Bank has declined to give City Bank the permission to set up a subsidiary company in Hong Kong given the declining imports from the Asian nation. The private bank in its application in October last year said it would provide trade ... ( read original story ...)
Hong Kong-listed China shares hit two-year high, led by banks
Hong Kong & China Ga (HOKCF) is on trader's radar as the shares ... indicator used to describe if a market is trending or not trending. China's central bank on Saturday cut the amount of cash that some banks must hold as reserves for the first time since ... ( read original story ...)