Hong Kong's home prices fell 0.7% in December and 7.1% in 2024, government figures showed, as the property market struggles to find a bottom despite interest rate cuts and government support measures.
Hong Kong Races to Find Its Property Market Bottom
As fiscal income from land sales evaporates, Hong Kong is removing all of its onerous property cooling measures that have been in place for over a decade. The government is making an audacious attempt ...
Hang Seng Index
Hang Seng Index snaps six-day losing streak after CSRC says every effort will be made to maintain market momentum. Hong Kong stocks post ... The Swiss bank expects the city’s benchmark index ...
Hong Kong can become a multicurrency bond hub with Beijing’s support: experts
Many Hong Kong public bodies have seen increasing interest in multicurrency bonds to attract more international investors, UBS says.
4 arrested over deadly knife attack in Hong Kong’s Yuen Long
Two Hongkongers allegedly involved in a fatal knife attack in Yuen Long earlier this week have reportedly been arrested by immigration authorities upon their arrival in Bangkok and have been escorted ...
Skyline Builders Group IPO opens at $4.40, raising $6 million
Skyline Builders Group Holding Limited (NASDAQ: SKBL), a Hong Kong-based public works contractor, launched its initial public offering (IPO) today in the U.S.. The IPO opened at $4.40 per share ...
Hong Kong stocks reverse gains as China’s market-boosting plan disappoints traders
At least 100 billion yuan of insurance funds will funnelled into A shares as part of a pilot programme within the first six months, regulators say.
Mortgage registrations in Hong Kong hit record low in 2024, Centaline says
Owners registered 47,917 mortgages on various properties in 2024, the least since Centaline Property began tracking the data in 2000.
GSK, Merck and Pfizer in Ab&B’s sights as Chinese vaccine biotech files for IPO
Ab&B Bio-Tech has joined the stacked roster of drug developers queuing up to go public in Hong Kong, filing the paperwork for an IPO to fund development of vaccines that could compete with companies ...
Hong Kong’s bitcoin ETFs could open to Greater Bay Area investors under new measures
New rules further opening up China’s financial markets could give some mainlanders access to cryptocurrency investment products for the first time.
HSBC touts 50% increase in suspicious transactions intercepted in past year
HSBC said it is stepping up its efforts to stop scammers and increasing its spending on anti-fraud technology, as the lender unveiled a new alert system that aims to protect online banking users. The ...
Hong Kong’s New World Development says business ‘as usual’ amid Bloomberg’s coverage of potential default
(Reuters) -Hong Kong-based New World Development faced renewed speculation on Thursday as Bloomberg reported on a potential bond default, after the property developer clarified earlier in the day that ...
Hong Kong’s New World Development says business operations are ‘as usual’
Hong Kong-based property developer New World Development said on Thursday that it continues to carry on business as usual, following "media rumours" about its operations and financial obligations.
Our 2025 picks: Hongkong Land — A property giant poised to stretch
While Hongkong Land (HKL) is known for its portfolio of prime commercial properties in Hong Kong, it is also active in mainland China and Singapore. Through its subsidiary MCL Land, it has a strong ...