Hong Kong’s property market is in a dangerous situation and vulnerable to a correction, Financial Secretary Paul Chan said in an interview. The warning comes as rate hikes by the U.S. Federal Reserve send borrowing costs higher in Hong Kong, given the ... ( read original story ...)
Hong Kong’s mini apartments boom as property prices soar
With its marble-clad lobby, sweeping balcony views and sleek, modern decor, Donny Chan's apartment building would seem the kind of upscale tower most young Hong Kong professionals aspire to live in. But not for Chan, 39, who avoids spending time in his ... ( read original story ...)
Mulberry Banks on Yang Mi’s Star Power as It Expands in China
The joint venture will set about further expanding the Mulberry brand in mainland China, Hong Kong and Taiwan. Mulberry was also busy opening a Shanghai store in April, and in May it opened a Hong Kong boutique. Online, Mulberry has created a Chinese ... ( read original story ...)
As Hong Kong Flats Shrink, Developers’ Coffers Swell
That’s slightly less space than Stanley Prison, a 30-minute drive across the Hong Kong island, affords its inmates. Cramped living spaces in the world’s major cities are nothing new. But few places have reached such extremes as Hong Kong, where housing ... ( read original story ...)
Hong Kong stocks likely to extend weekly decline after tech sell-off
Hong Kong shares are likely to decline on Monday morning after futures on the benchmark index opened lower in the city. June futures contracts on the Hang Seng Index fell 0.3 per cent, or 71 points, to 25,426 before the spot market opened at 9.30am. ( read original story ...)
Hong Kong keeps S&P’s top ‘AAA’ rating despite Moody’s cut
Hong Kong’s economy has become more integrated with China’s over the past 20 years since the handover – but the city continues to be higher rated, at “AAA”, reflecting the views there are still traditions that are distinct to it and not mainland ... ( read original story ...)
Despite challenges, startups see a bright future for tech companies in Hong Kong
Hong Kong is one of the world’s premier financial hubs, but can it be a destination for tech startups? That was the question put to a panel of experts at the TechCrunch China event in Shenzhen today. The answer, largely, was yes but it may need a little ... ( read original story ...)
Hong Kong green groups urge lawmakers to block Lantau office if more conservationists are not included
Green activists in Hong Kong are urging lawmakers to reject the government’s plan for a new office to spearhead Lantau’s development unless more conservation experts are included. The Sustainable Lantau Office, which will be set up after funding is ... ( read original story ...)
Hong Kong Wants to Win the Next Alibaba With Exchange Revamp
Plans also introduced for revamp of small-cap GEM venue Hong Kong Exchanges & Clearing Ltd. is sending a message to startup companies the world over: We want your business. The bourse operator on Friday proposed the creation of a new exchange that would ... ( read original story ...)
Hong Kong Wants to Win the Next Alibaba With Exchange Overhaul
Hong Kong Exchanges & Clearing Ltd. is sending a message to startup companies the world over: We want your business. The bourse operator on Friday proposed the creation of a new exchange that would allow firms to list before they’ve made a profit and ... ( read original story ...)
iPhone’s biggest screen maker seeks to raise HK$10 billion in Hong Kong IPO
Every swipe on a smartphone brings a smile to Yeung Kin-man’s face. He is the founder of Biel Crystal Manufactory, the world’s largest producer of cover glass, used in two of every three of Apple’s iPhones sold in the world. Yeung plans to sell Biel ... ( read original story ...)
Chinese bankers flock to Hong Kong as expats retreat
As top banks such as Goldman Sachs, UBS, and Bank of America trim their Asia headcount, businesses across Hong Kong have taken a direct hit. Bo Innovation, a Michelin-star restaurant, said its Western expat customers fell roughly 10 percent in the last 10 ... ( read original story ...)
Hong Kong’s banks are in better shape than 1997 to weather a property crash, regulator says
Hong Kong’s banks are better prepared than 20 years ago for a property market crash, even amid the world’s highest real estate prices, because the banking regulator had already forced lenders through eight rounds of mortgage tightening measures ... ( read original story ...)
Hong Kong makes play for U.S. secondary listings with new board proposal
HONG KONG The Hong Kong stock exchange unveiled on Friday a long ... The HKEX said the move was necessary to diversify from traditional old economy sectors such as financials and real estate, warning the bourse was at risk of stagnating if it did not ... ( read original story ...)