Aug 4 (Reuters) - Hong Kong stocks inched up on Friday to post their fourth consecutive week of gains, helped by a robust rally in resources and financial firms. The strength on Wall Street also boosted risk appetite, as the Dow Jones Industrial Average ... ( read original story ...)
Drop ‘miserly’ fiscal policy to allow for budget deficits and boost economy – top financial adviser Joseph Yam
Executive Councillor Joseph Yam has criticised the former financial secretary for “being a miser,” urging Hong Kong to adopt a less rigid fiscal regime to allow for budget deficits as a measure to boost the economy. The comments came ahead of the ... ( read original story ...)
The Open University of Hong Kong Appoints Northern Trust as Global Custodian
finance unit at The Open University of Hong Kong. “The quality of product offerings, service expertise, and collaborative culture were key factors in our selection.” Founded in 1989, The Open University of Hong Kong (OUHK), formerly The Open Learning ... ( read original story ...)
World shares mostly higher as markets await Fed’s decision
HONG KONG — World stock markets were mostly higher Wednesday, lifted by another record day on Wall Street and buoyant oil prices. Investors were keeping a cautious eye on the Fed’s upcoming interest rate decision. KEEPING SCORE: European shares rose in ... ( read original story ...)
Hong Kong’s tiny flats pile up unsold
Tiny flats are flooding Hong Kong as developers rush to target first-time buyers ... rose to about 1,400 at the end of June, according to Centaline Property Agency. Wong Leung-Sing, an associate director of research, said the number may rise to about ... ( read original story ...)
Hongkong Land’s net profit soars 147% in first half
A sizeable gain from the revaluation of investment properties saw earnings at Hongkong Land Holdings rocket 147 per cent in the first half of this year. The property group reported a net profit of US$3.13 billion (S$4.2 billion) for the six months ended ... ( read original story ...)
Advances for Li’s big two
Tycoon Li Ka-shing's two major companies, CK Hutchison (0001) and Cheung Kong Property (1113), posted stronger earnings in the first half of this year driven by strength in the telecommunications business in Europe and strong home sales in Hong Kong. ( read original story ...)
Li Ka-shing’s CK Hutchison buoyed by European recovery
Underlying profits, excluding valuation gains on property, rose 14% as booming home sales in Hong Kong outweighed weaker sales in mainland China. The developer recently revised up its full-year contracted sales target to HK$35 billion, after achieving its ... ( read original story ...)
HSBC says home prices stable, but lower in 2018
Despite increases in interest rates, there won't be any bursting of a property bubble in Hong Kong, it said. It said it expects the US Federal Reserve to raise interest rates only once the rest of this year. It added it expects transactions in the first ... ( read original story ...)
Reach for the skyscraperForeign investors are still betting on London’s property market
The “Walkie Talkie”, a London skyscraper, was bought in July by Lee Kum Kee, a Hong Kong food company, for £1.3bn ($1.7bn), the most paid for a British building. The tumbling value of the pound in the wake of the Brexit vote has attracted bargain ... ( read original story ...)
Asia markets fall after Dow cracks 22,000; Kospi down 1.7%
CapitaLand stock was down 0.53 percent by 3:33 p.m. HK/SIN. Hong Kong's CK Hutchison and Cheung Kong Property Holdings were also among the Asian companies reporting results Thursday. In foreign exchange, the U.S. currency strengthened slightly after ... ( read original story ...)
Chinese foray into city realty, close in on Adyar Villa land
The Guangdong-based integrated property developer had recently announced its intent for an India foray recently. Mo Bin, Country Garden's president and executive director had told media in Hong Kong in January that the company is keen to clinch its first ... ( read original story ...)
Surge in ex-pats investing in UK buy to let, says lender
The other top five countries for expat enquiries included the USA, Hong Kong, Singapore and Switzerland ... difficulties many British expats faced securing loans on investment property in England and Wales. ( read original story ...)
Islamic State: Indonesian maids in Hong Kong being radicalised
But IPAC says it was the war in Syria that has brought support for violent extremism to Hong Kong. "Muslims were interested in the conflict, and jihadi social media had some of the most detailed news," the report says. "They saw fighters as heroes and were ... ( read original story ...)