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 ...
{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 ...
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 ...
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 ...
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 ...
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.
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.
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 ...
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 ...
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 ...
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 ...
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 ...
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.
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 ...