Groups across the political spectrum in Hong Kong slammed two franchised bus operators on Friday and accused them of increasing the burden on the public by pushing for a 12 per cent fare rise. While it has been 10 years since the last fare increase by ... ( read original story ...)
Hong Kong’s Swire sells two office towers in Cityplaza development for US$1.9 billion
according to property firm JLL’s May Property Market Monitor, adding that demand mainly focused on eastern Hong Kong Island and the east of Kowloon, which accounted for around 76 per cent of the new lettings in May. Swire Properties saw its underlying ... ( read original story ...)
Hong Kong tracks US Fed rate hike, but impact on economy seen as limited
Hong Kong’s de facto central bank tracked the US Federal Reserve in lifting interest rates again on Thursday, but analysts said homeowners in the city’s red-hot property market would be cushioned from the impact for now. The US central bank on ... ( read original story ...)
ZTE’s Hong Kong-listed shares slide as much as 10 percent
ZTE has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban. The Hong Kong-listed stock fell to as low as HK$13.38, while ZTE’s ... ( read original story ...)
Hong Kong gripped by 2018 World Cup fever as start of tournament brings fans flooding into city’s bars and restaurants
With Moscow five hours behind Hong Kong, this year’s matches kick off between 6pm and 3am, meaning less disruption during office business hours than was the case four years ago. In Causeway Bay, Philip Wong, manager of Zerve Bar & Billiards, said ... ( read original story ...)
Hong Kong tycoon pays $1.3 bn for London office tower
Hong Kong tycoon Victor Li has bought a London office tower for 1 billion pounds ($1.3 billion) as he expands his overseas portfolio after taking over the business empire of his billionaire father Li Ka-shing. Property company British Land and a ... ( read original story ...)
Hong Kong’s controversial China rail checkpoint bill finally passed by lawmakers amid protests, delays and expulsions
Hong Kong’s legislature on Thursday night finally passed a bitterly ... Chan said the co-location arrangement would provide young Hongkongers with opportunities for business and development. “I hope lawmakers can experience the express rail and co ... ( read original story ...)
Hong Kong’s Victor Li pays $1.3 billion for London office tower
Hong Kong tycoon Victor Li has bought a London office tower for 1 billion pounds ($1.3 billion) as he expands his overseas portfolio after taking over the business empire of his billionaire father Li Ka-shing. Property company British Land and a ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) swing lower after Fed rate hike
Hong Kong’s Hang Seng Index HSI, -0.93% fell 0.9%. The Shanghai Composite SHCOMP, -0.18% lost 0.2% and the Shenzhen Composite 399106, -0.55% dropped 0.6%. The startup-heavy ChiNext dropped 0.8% to set another four-month closing low. It’s fallen 13 of ... ( read original story ...)
Xiaomi: What To Expect For The Upcoming IPO
Source: HNFC The confirmation of a Hong Kong IPO comes after listing approval, which was reported on Thursday June 7th. Xiaomi's IPO is making waves for a couple of reasons: size and content. The IPO is expected to raise $10 billion at a valuation up to $ ... ( read original story ...)
The seven best jobs at HSBC in Hong Kong, according to John Flint
HSBC chief executive John Flint was in no mood for modesty when he visited Hong Kong earlier this week to deliver a strategy update. “Hong Kong is our biggest market and we’re its biggest bank,” he told analysts. But while his message – for Hong ... ( read original story ...)
Hang Seng slammed for 375-point loss in afternoon trade as the higher cost of money rattles investors
The city’s biggest lenders such as HSBC, Bank of China (Hong Kong), and Hang Seng Bank have a prime rate of 5 per cent. Standard Chartered and Bank of East Asia set their prime rate of 5.25 per cent. How are Hong Kong’s mortgage rates priced? ( read original story ...)
US Fed policy compounds pressure on Hong Kong’s mortgage rates
Short term interest rates in Hong Kong are rising at a lively pace and reviving concerns among analysts that tightening financial conditions will challenge the highly valued local property market. Three-month Hibor, Hong Kong’s short-term interbank ... ( read original story ...)
Hong Kong market could open cash flood gates for U.S. biotechs
Sorrento Therapeutics Inc is among a few early-stage U.S. biotechs wary of being overlooked in a crowded New York stock market and looking at listing itself in Hong Kong as Asia’s financial center rolls out the red carpet with a drastic overhaul of ... ( read original story ...)