Hong Kong's benchmark stock index closed in bear market territory, down 2.1% in the Friday session and more than 20% below the highs of January, as uncertainty over China's property market and growth ...
Evergrande seeks US court nod for $32 bln debt overhaul as China economic fears mount
Embattled developer China Evergrande Group has filed for bankruptcy protection in a U.S. court as part of one of the world's biggest debt restructuring exercises, as anxiety grows over China's ...
Hong Kong Finance ‘Czar’ Yam Is Frontrunner as Next HKEX Chair
Hong Kong Monetary Authority’s founding chief executive, Joseph Yam, has emerged as the leading candidate to become the next chairman of city’s stock exchange, according to people familiar with the ...
Hong Kong Stocks Are in a Bear Market, Another Sign of Trouble in China
The Hang Seng Index has fallen more than 20 percent from its recent high, as investors grow more pessimistic about China’s post-pandemic recovery.
Living in a drain, a cage or a ‘coffin’: Hong Kong housing crisis worsens
Luxury properties are always available for those that can pay, but there's an increased demand for luxury on a smaller scale in Hong Kong. This narrow flat is in a new property development in the ...
China’s property giant Evergrande files for bankruptcy protection in Manhattan court
The world's most indebted property developer defaulted in 2021 and announced an offshore debt restructuring program in March.
Luxury Maternity Care Center Saint Bella Weighs Hong Kong IPO in 2024, Sources Say
Saint Bella, a Chinese maternity care company that partners with upscale hotels to provide women with luxurious spaces to recuperate in after giving birth, is considering an initial public offering in ...
Hong Kong stocks set for worst weekly sell-off since June as debt defaults, yuan slide trouble investors
Hong Kong stocks fell, adding to the biggest weekly decline in two months, amid concerns about spreading debt defaults in China’s property industry and shadow banking fallout. Investors also trimmed ...
Zhou Xiaochuan to headline the financial heavyweights at the Chinese sovereign wealth fund’s global advisory council meeting in Hong Kong on September 19
Over 600 participants are expected to join the forum, which will be held at the Ritz Carlton hotel in West Kowloon The two-day closed door forum is themed the "promotion of global industrial ...
Can Hong Kong showcase its ‘soul’ to lure mainland Chinese tourists? Shopping makes way for retro milk tea, old districts as local leisure shines
Tourist Lydia Shen stood in line at well-known Hong Kong cafe Lan Fong Yuen and ordered its famous milk tea, French toast, a pork chop sandwich and instant noodles. “I read about this place on ...
Open House: Hong Kong Sea View Mansion Eyes Ambitious $281 Million Sale
This story is the first of Bloomberg’s Open House series, featuring some of Hong Kong’s most interesting homes.A developer is seeking to sell a huge mansion in Hong Kong for HK$2.2 billion ...
China Evergrande, the world’s most heavily indebted property developer, just filed for Chapter 15 bankruptcy protection
Evergrande's filing came amid fears of widening economic woes in China as the country's real-estate crisis spreads.
Hong Kong’s West Kowloon arts hub submits plan to shake up finances, warns show may not go on after 2025 without new revenue sources
Head of Hong Kong’s arts hub says managing body has submitted plan to government on how it can utilise cultural district’s land to become financially self-sufficient.
This startup helps hospitals treat stroke patients quickly
Hopebotics’ device transfers stroke patients’ therapy at home whilst hospitals monitor the progress remotely. People, as they age, would frequent hospitals; and admissions in relation to the scale of ...