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Indian Overseas Bank repays $500 million bond
The funds were raised for business expansion and lending purposes in 2011 and 2012 from the bank’s Hong Kong branch. State-run Indian Overseas Bank (IOB) has repaid $500 million, which was raised as part of the second tranche of its medium-term notes ... ( read original story ...)
Hong Kong must be more aggressive in luring foreign firms and nurturing talent, American Chamber of Commerce says
But Joseph said: “There should be an emphasis on attracting international business. Hong Kong’s distinctive advantage is as a super-connector. “We see relatively little in this budget about improving Hong Kong’s overall business environment for ... ( read original story ...)
Call for action on Hong Kong property developers’ opaque sales and stockpiling tactics
The government needs to stop property developers using opaque sales tactics and stockpiling flats to push up prices amid skyrocketing housing costs in space-starved Hong Kong, experts said on Thursday. The strategies, raised by Financial Secretary Paul ... ( read original story ...)
New land sale rule may help to cool Hong Kong’s overheated property market
Hong Kong’s land sales are set to become more transparent with the government undertaking to reveal all bids by developers to address long running concerns about inflated prices and their impact on the red hot property market. Development Secretary ... ( read original story ...)
Hong Kong’s tech start-up ecosystem sparking into life after slow start
Experts say that may partly be because Hong Kong companies have traditionally been independent with their business operations, while some investors are attracted to the city’s market driven, hands-off approach, viewing some tech firms in Singapore as ... ( read original story ...)
HKMA’s tight mortgage policies are misguided and miss the point on home ownership
I refer to the report on the Hong Kong Monetary Authority chief rejecting lawmakers’ calls to relax mortgage policies, citing the overheated market (“Hong Kong Monetary Authority chief Norman Chan rejects calls to relax mortgage policies”, February 5). ( read original story ...)
January mortgage loans rise to HK$38b
Home buyers borrowed HK$38.1 billion in January, an increase of 37.1 percent from December, the Hong Kong Monetary Authority said today. The number of mortgage applications increased month-on-month by 34.8 percent to 14, 179. Among the mortgage loans ... ( read original story ...)
Residential Mortgage Survey Results for January 2018
The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for January 2018 today (February 28). The number of mortgage applications in January 2018 increased month-on-month by 34.8% to 14 179. Mortgage loans approved ... ( read original story ...)
Higher Open Expected For Hong Kong Stock Market
BOC Hong Kong added 1.03 percent, China Mobile gained 0.68 percent, WH Group lost 0.66 percent, Hong Kong & China Gas fell 0.27 percent and New World Development was up 0.17 percent. There is no lead from Wall Street, which was closed in observance of the ... ( read original story ...)
Mild Upside Tipped For Hong Kong Stock Market
Hong Kong & China Gas advanced 0.40 percent, WH Group added 0.32 percent, China Life gave away 0.21 percent and BOC Hong Kong collected 0.13 percent. The lead from Wall Street is cautiously optimistic as stocks were firm for most of Thursday's trade before ... ( read original story ...)
ASIA MARKETS: Hong Kong Stocks Slide, Tracking Losses In Mainland China
HONG KONG (Feb 27) -- Hong Kong shares fell for the first time in ... Industrial & Commercial Bank of China (ICBC), China Construction Bank (CCB) and Bank of China (BOC) gave up 1.9%, 1.1% and 2.5%, respectively, dragging the Hang Seng China Enterprises ... ( read original story ...)
SEHK Top Dividend Stocks – Hengan International Group And More
More detail on China Telecom here. BOC Hong Kong (Holdings) Limited, an investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, Mainland China, and internationally. Founded in 1917 ... ( read original story ...)
Man pleads guilty to importing 160 litres of meth labelled as dishwashing liquid
Upon entry, the consignment was examined by Customs and chemical analysis determined it contained the material t-boc methamphetamine. T-boc is a masking agent, which is added to methamphetamine to change its chemical composition during transportation. ( read original story ...)