Snaking queues of thousands of prospective apartment buyers in Hong Kong signalled authorities have made no progress in cooling a red-hot property market, where prices are at records. People were lining up last Friday and over the weekend at Victoria Skye ... ( read original story ...)
Chinese Estates pockets HK$26 million windfall from a quick punt in Evergrande
Chinese Estates Holdings, controlled by Hong Kong property tycoon Joseph Lau Luen-hung’s wife Chan Hoi-wan, has become a big winner in China Evergrande Group’s share price surge, making a profit of more than HK$26 million (US$3.34 million) in just a ... ( read original story ...)
Sticking to his legal principles: former Hong Kong chief justice Andrew Li reflects on how rule of law has fared in last two decades
Hong Kong’s legal system has been through some tumultuous times in the two decades since 1997. The first post-handover chief justice, Andrew Li Kwok-nang, tackled challenges arising from the new constitutional order, where the city’s common law ... ( read original story ...)
UBS: Questionable IPO Activities in Hong Kong
The Hong Kong financial market regulator is keeping a watchful eye on Switzerland’s UBS. A further case involving questionable activities by an investment banker has now come to light. Former UBS investment banker Calvin Choi (pictured below) seems to ... ( read original story ...)
Hong Kong’s startup market turning toxic for investors
HONG KONG -- Hong Kong's venture-oriented Growth Enterprise Market sank to a new low in May despite the global stock boom, having lost investors' confidence amid the history of controversies surrounding its component stocks. The S&P/Hong Kong GEM Index is ... ( read original story ...)
Hong Kong crowned world’s most competitive economy, beating Singapore
Hong Kong has been crowned the world’s most competitive economy for the second year running, ahead of Switzerland and Singapore, in an annual report from the International Institute for Management Development. The Swiss business school ranked Hong Kong ... ( read original story ...)
Uber posts multimillion dollar loss as revenue grow and finance head quits
HONG KONG - Ride-hailing giant Uber has reported another multibillion ... The company also said its head of finance, Gautam Gupta, is departing, becoming the latest high profile executive to leave amid a string of troubles facing the company. ( read original story ...)
Hong Kong considering using facial or fingerprint recognition in ATMs
All China UnionPay bank cardholders “will be required to scan their mainland identity card and undergo a facial recognition check” to withdraw cash. Earlier this year, the Hong Kong government announced it will introduce a facial biometrics-enabled ... ( read original story ...)
Hong Kong stocks end flat, but up for 5th month
May 31 Hong Kong stocks ended Wednesday roughly flat ... The Thomson Reuters Trust Principles Next In Financials ( read original story ...)
Hong Kong commercial land sold at record price
In terms of price per square foot, Henderson's purchase still held the record at about HK$50,000, compared to about HK$13,000 paid by Nan Fung at the Kai Tak site, said Denis Ma, research head at property consultancy JLL Hong Kong. "The price is a bit of a ... ( read original story ...)
Hong Kong’s drawndown mortgage loans in April fall 15 pct m/m
May 31 (Reuters) - New mortgage loans drawn down in Hong Kong totalled HK$21.2 billion ($2.72 billion) in April, down 15.0 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Wednesday. Following is the breakdown of data from ... ( read original story ...)
China’s Zhong An aims to raise at least $1 billion in Hong Kong IPO – sources
HONG KONG Zhong An Online Property and Casualty Insurance, China's first online-only insurer, has resumed a plan to raise $1 billion or more in a Hong Kong initial public offering (IPO) in the second half of this year, said two people with knowledge of the ... ( read original story ...)
Birkin bag sells for record at Hong Kong auction
HONG KONG - Christie's says a luxury handbag has shattered the world auction record in Hong Kong. The auction house didn't identify the buyer of the matte white crocodile skin Hermes Birkin bag with 18 karat gold and diamond hardware at Wednesday's sale. ( read original story ...)
Birkin bag sells for record US$380,000 at Hong Kong auction
HONG KONG -- Christie's says a luxury handbag has shattered the world auction record in Hong Kong. The auction house didn't identify the buyer of the matte white crocodile skin Hermes Birkin bag with 18 karat gold and diamond hardware at Wednesday's sale. ( read original story ...)