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Posted on 28/02/2024

Hong Kong scraps property taxes to revive sluggish market

The Hong Kong Monetary Authority also relaxed mortgage rules on Wednesday, allowing homebuyers to borrow more, and eased an income-related stress test. Louis Chan of Centaline Property Agency told AFP ...

Posted on 28/02/2024

{Short Sales}Full-day T/O at HK$17bn, or 15% of Total

HK$107.02 billion, with short-sales accounting for HK$16.58 billion, or 15.49% of the market's turnover. There were 667 short-selling stocks. TRACKER FUND (02800) and HSBC HOLDINGS (00005) saw higher ...

Posted on 28/02/2024

Hong Kong Budget 2024: Finance chief asks for ‘understanding’ over lack of sweeteners

Hong Kong’s finance chief has asked for the public’s “understanding” over a lack of sweeteners in this year’s budget, as a lawmaker said he was disappointed that the annual speech did not address ...

Posted on 28/02/2024

Hong Kong’s plan for a new national security law deepens fears over eroding civil liberties

As Hong Kong moves toward enacting a new national security law, more than three years after Beijing imposed a similar law that all but wiped out dissent and vocal pro-democracy media in the ...

Posted on 28/02/2024

Hong Kong scraps decade-old property restrictions to boost flagging economy

Hong Kong has announced a slew of measures to boost its real estate sector, including the removal of decade-old restrictions that were introduced to prevent a property bubble, as part of its effort to ...

Posted on 28/02/2024

Hong Kong Takes Drastic Action to Avert Property Slump

Hong Kong has taken a bold step to ease a real-estate slump, scrapping a series of property taxes in an effort to turn around a market that is often seen as a proxy for the city’s beleaguered economy.

Posted on 28/02/2024

HSBC posts record annual profit but misses estimates on China write-down, shares tumble 7%

HSBC reported on Wednesday its full year 2023 pre-tax profit climbed about 78% to $30.3 billion from a year ago, missing median estimates of $34.06 billion from analysts tracked by LSEG.

Posted on 28/02/2024

Hong Kong lifts curbs on property market, to spend more on tourism

Hong Kong’s government has lifted curbs on property deals after home prices fell to a seven-year low, adding to the Chinese territory's woes. Finance minister Paul Chan announced the move in a speech ...

Posted on 28/02/2024

Hong Kong property stocks jump after city scraps cooling measures

Stocks of Hong Kong property developers rose after financial secretary Paul Chan scrapped Hong Kong's property cooling measures in a bid to bolster the sector. In his budget speech on Wednesday, Chan ...

Posted on 28/02/2024

Hong Kong relaxes lending rules, granting more mortgage loans to homes below HK$30 million to bolster property market

Homes worth less than HK$30 million (US$3.83 million) will be entitled to 70 per cent mortgage financing, compared with the previous 60 per cent credit Residential property that are valued at more ...

Posted on 28/02/2024

Hong Kong Budget 2024: City’s economy grew by 3.2% last year, inflation ‘moderate’

Hong Kong’s economy grew by 3.2 per cent in 2023 after the city lifted stringent Covid-19 restrictions, but the “difficult external environment” continued to limit the pace of growth, the city’s ...

Posted on 28/02/2024

Hong Kong moves towards enacting tougher security law amid concerns about freedoms

A public consultation period for a new Hong Kong national security law closes on Wednesday amid concerns that the legislation, which authorities want to put in place soon, will further erode freedoms ...

Posted on 28/02/2024

3D fashiontech startup Bandicoot Imaging Sciences banks $1 million pre-Seed round

The round was led by Hong Kong VC qonvolv Ventures with Precision Textiles and Mou Fung, plus existing backer NewSouth Innovations.

Posted on 28/02/2024

Hong Kong scraps property tightening measures to aid economic recovery

HONG KONG, Feb 28 (Reuters) - Hong Kong's financial secretary on ... reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to ...

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