Lawmaker and former minister Regina Ip Lau Suk-yee on Thursday announced her intention to revive two of Hong Kong’s most contentious political issues – democratic reform and national security legislation – as she launched her campaign for the city ... ( read original story ...)
Hong Kong Property Shares Turn Toxic as Mortgage Costs Spike
Hong Kong’s property developers are fast falling out of favor among investors as surging mortgage costs and punitive taxes threaten to choke home sales. A gauge of real estate companies traded on the city’s stock market has tumbled 13 percent this ... ( read original story ...)
Hong Kong stocks plunge on Fed rate hike woe
Shares tumbled in Hong Kong Thursday, led by property firms, after the Federal Reserve lifted interest rates and indicated a further three hikes are likely next year. The Hang Seng Index dived 1.77 percent, or 397.22 points, to 22,059.40 at the close. ( read original story ...)
Hong Kong financial chief submits resignation
HONG KONG--Hong Kong's financial chief quit Monday, in what is widely seen as a prelude to a leadership bid for the southern Chinese city's top job. Financial Secretary John Tsang said he submitted his resignation to the current leader, Chief Executive ... ( read original story ...)
UPDATE 3-Hong Kong's central bank raises base rate by 25 basis points
HONG KONG, Dec 15 The Hong Kong Monetary Authority on Thursday raised the base rate charged through its overnight discount window by 25 basis points to 1 percentage point. The move from Hong Kong's de facto central bank followed the U.S. Federal Reserve's ... ( read original story ...)
Amines Market in Hong Kong: Business Report 2016 – Research and Markets
Research and Markets has announced the addition of the "Amines Market in Hong Kong: Business Report 2016" report to their offering. The report presents analysis of amines market in Hong Kong. Report Scope: Brief country profile includes general information ... ( read original story ...)
Hang Seng Sharply Lower, 2017 Fed Rate Hike Fears Dominate
There was no surprise in the Fed rate decision, but expectations of a faster pace of 2017 tightening were important in undermining Hong Kong stocks with fears over ... in political tensions with the US. The Hang Seng index opened significantly lower ... ( read original story ...)
BOC Hong Kong : Interest rates remain unchanged
Bank of China (Hong Kong) Limited (BOCHK) is a leading listed commercial banking group in Hong Kong with strong market positions in all major businesses. It has the most extensive local branch network and diverse service platforms, including about 220 ... ( read original story ...)
UPDATE 1-Hong Kong's central bank raises base rate by 25 basis points
HONG KONG Dec 15 The Hong Kong Monetary Authority on Thursday raised the base rate charged through its overnight discount window by 25 basis points to 1 percentage point. The move from Hong Kong's de facto central bank followed the U.S. Federal Reserve's ... ( read original story ...)
Hong Kong hikes borrowing costs after Fed move
"Hong Kong rates are low relative to inflation," he said. "When US rates normalise and Hong Kong rates rise, this is good for adjusting Hong Kong’s economic structure." - Bloomberg News contributed to this story ( read original story ...)
Hong Kong Property's Fed Blues
He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News. Hong Kong property investors thought they could pick up pennies in front of the steamroller called the Federal Reserve. ( read original story ...)
Hong Kong stocks end at 4-month low after Fed tightens
Hong Kong stocks slumped to a four-month low, tracking Asian markets, after the US Federal Reserve raised interest rates and rate-path projections. The benchmark Hang Seng index extended early losses to end down 1.8 per cent, at 22,059.40 points. ( read original story ...)
More to join Jetco P2P
Jetco, the largest ATM network in Hong Kong, expects to see local lenders including BOC Hong Kong (2388) and Standard Chartered Bank joining its P2P platform next year.Hang Seng Bank (0011) and Hongkong Shanghai Banking Corporation, which are not part of ... ( read original story ...)
Hong Kong gets cheaper for expats as city falls to 11th most expensive in global survey
Expatriates in Hong Kong can expect fuller wallets in 2017 after the city slipped out of a list of the 10 most expensive cities in the world for expats. But Hong Kong is still a costly place to live compared to five years ago, according to the latest ... ( read original story ...)