MINSK, 16 May (BelTA) – Belarus and Hong Kong have discussed matters concerning the advancement of cooperation in trade and finance, representatives of the Association of Belarusian Banks told BelTA. The Association's Chairman Alexander Kuchinsky met ... ( read original story ...)
Move over London, hello Hong Kong-Beijing-Shanghai as the world’s top financial centre?
There have been fierce debates in the United Kingdom and the rest of Europe since the Brexit vote about what might happen to the City of London in terms of its position as the world’s pre-eminent financial services centre. These arguments by ... ( read original story ...)
A Hong Kong architect thinks ‘tube homes’ made from concrete pipes can be a solution to the world’s housing crisis
"We are facing a tangible affordability problem in our cities," architect James Law told Business Insider. "It is almost beyond the reach of most people to afford to live in a proper home in Hong Kong Law thinks he may have a solution: a retro-fitted ... ( read original story ...)
Hong Kong’s bill for defending city’s currency since April stands at HK$52.9 billion
The Hong Kong Monetary Authority, the city’s de facto central bank, intervened in the foreign currency market to defend the Hong Kong dollar on Tuesday, bringing its total purchases of its own currency since April to about HK$52.9 billion (US$6.7 billion). ( read original story ...)
Hong Kong Journalist Is Roughed Up and Detained by Police in Beijing
HONG KONG — A cameraman from a Hong Kong news station was roughed up and detained by the police in Beijing while trying to cover a human rights lawyer’s disciplinary hearing, the Hong Kong news media reported. Video footage shows uniformed police ... ( read original story ...)
Hong Kong and Indonesia reflect growing pressure on EM currencies
The HKMA’s intervention on Wednesday, using its reserves to sell US$200m and buy HK$1.57bn, marked the 14th time that it has stepped in to prop up the persistently weak local currency in the past month, The de facto central bank has spent a total of HK$ ... ( read original story ...)
Hong Kong journalist handcuffed and dragged into police van in Beijing while covering hearing of human rights lawyer Xie Yanyi
... State Council’s Hong Kong and Macau Affairs Office “mediated” at the request of the Hong Kong government. The incident came four days after i-Cable News journalist Chan Ho-fai was kicked and beaten by two men in mainland China’s southwestern ... ( read original story ...)
Hong Kong’s Property Market Blows Past Another Record
Hong Kong’s roaring property market has blown past another record. Sun Hung Kai Properties Ltd. paid HK$25.2 billion ($3.2 billion) for a plot of residential land by the highly sought-after locale near Hong Kong’s former airport, beating out bidders ... ( read original story ...)
Top Hong Kong disease researchers welcome news that mainland Chinese cash will be made available to city at Xi Jinping’s instruction
Thirteen years ago, a national laboratory was launched at the University of Hong Kong to do groundbreaking research on emerging infectious diseases as the city got back on its feet from the deadly 2003 outbreak of severe acute respiratory syndrome (Sars). ( read original story ...)
Hong Kong Steps In to Defend Its Currency Peg Again
Hong Kong stepped in to defend its currency peg for the first time in almost a month. The Hong Kong Monetary Authority mopped up HK$1.57 billion ($200 million) of local dollars overnight after the currency fell to the weak end of its trading band. ( read original story ...)
What may end HK property boom? Here are the triggers
HONG KONG property companies such as Sun Hung Kai Properties Ltd. and CK Asset Holdings Ltd. are bracing for the first increase in the city’s prime rate in more than a decade. A higher prime rate, which sets the upper limits on mortgages, could damp ... ( read original story ...)
UPDATE 1-Hong Kong’s Sun Hung Kai Properties bags ‘land king’ at record price
China’s HNA Group sent shockwaves in the property-obsessed city in late 2016 when it outbid local and mainland developers at nearly double the market forecast in its first land purchase in Hong Kong. It later bought three more land parcels in the same ... ( read original story ...)
From minibuses to world’s most expensive tower: how Hong Kong tycoon Ma Ah Muk made and kept a fortune
His son, Ma Kiu Sang, told the Post that property now accounts for about 80 per cent of the family’s assets. “I’ve long noticed that buying shops and collecting rents is rather stable and can gain a lot in Hong Kong,” said Ma Ah Muk ... ( read original story ...)
Inaugural J.A.D.E. Start-Up Conference in Hong Kong a Big Success
HONG KONG, May 15, 2018 - (ACN Newswire) - The Inaugural J.A.D.E. Start-Up Conference - "Building Resilient Entrepreneurship", co-organised by the Joint Association to Develop Entrepreneurship (J.A.D.E.) and Hong Kong Science & Technology Parks Corporation ... ( read original story ...)