By Sherry Qin Shares of Luyuan Group Holding and Shiyue Daotian Group rose on their debut on the Hong Kong Stock Exchange amid hopes the market for ...
Hong Kong retail interest in virtual assets grows but three out of four people invest for short-term reasons, survey finds
Hong Kong retail investor interest in virtual assets has grown in recent years but three out of every four of them have been investing in the asset class based on short-term considerations, a new ...
Hong Kong’s largest pro-Beijing party suggests cutting stamp duty on purchase of second property
Hong Kong’s largest pro-Beijing party has suggested cutting the stamp duty on residents’ purchases of second properties from 15 per cent to six per cent, in an attempt to stimulate the economy.
Hong Kong stocks jump to 5-week high as China’s wealth fund buys shares in Big Four banks in replay of 2015 intervention
Hong Kong stocks rose to a five-week high as China’s sovereign wealth fund increased its stakes in the nation’s four biggest banks for the first time since 2015, suggesting Beijing is seeking to ...
HK and mainland shares rally on bank stakes
Hong Kong and Shanghai stocks surged at the opening of trading on Thursday on hopes for broad state support for mainland markets after the China's ...
Hong Kong stocks rise to 5-week high after China’s sovereign fund buys shares in Big Four banks
Hong Kong stocks rose to a five-week high as Central Huijin Investment increased its stakes in the nation’s Big Four state-owned banks for the first time since 2015.
Hong Kong’s affluent become millionaires at 33 on average
According to the survey, 61% of respondents bank on savings from their salary to reach their first HK$1mil, rather than on income from other sources, such as investment profits. But, when it comes to ...
Singapore is winning out over Hong Kong, ANZ bank CEO says
ANZ Group Holdings chief executive officer Shayne Elliott said his customers moved more of their business to Singapore from Hong Kong in the past few years as the smaller Asia-Pacific trading hub ...
Decline of Millionaires in Hong Kong: A Shift in Wealth and Investment Strategies
The veil of wealth in Hong Kong is shifting, with the city witnessing a three-year consecutive decline in its millionaire population, according to Citibank’s ‘Hong Kong Millionaire Survey Report ...
Indonesia’s J&T Global Express aims to launch $500m Hong Kong IPO on Monday – sources
Indonesian courier services startup J&T Global Express is aiming to launch its Hong Kong initial public offering (IPO) on Monday to raise $500 million, two sources with direct knowledge of the matter ...
Hong Kong multimillionaire population drops as liquid assets and net worth decline in 2023: Citibank
Median liquid assets of people with more than HK$10 million (US$1.28 million) in wealth dropped by HK$1 million to HK$4.5 million this year, survey says Although their population fell slightly, ...
Hong Kong Home Prices May Drop 10%, Driving Negative-Equity Mortgages To 19-Year High
Negative-equity mortgages may surge beyond 5% of home loans in 2024, analysts Francis Chan and Patrick Wong wrote in a note.
Hong Kong’s affluent become millionaires by the age of 33 on average, wary about property as store of wealth, HSBC survey finds
Hong Kong’s affluent become millionaires by the time they turn 33 on average, according to an annual survey by HSBC, which also found that respondents were confident about reaching the next milestone ...
Hong Kong stocks log longest winning run in 3 months on China recovery outlook, bets on US rate pause
Stocks advance for a fifth day for the longest winning streak in three months. Optimism about China’s economic recovery and bets on another Fed rate pause are fanning appetite for riskier assets.