The Hong Kong Monetary Authority said yesterday that the Land Registry will start accepting applications in February for its e-alert service where banks will receive electronic notifications when homeowners take out a second mortgage.The authority said it ... ( read original story ...)
Blockchain for Mortgages: Compelling, But Premature
how close is the mortgage industry to actually adopting blockchain into its processes? In some places, it already has been. In October, Bank of China and HSBC began testing blockchain tech on a property valuation system for home loans in Hong Kong – one ... ( read original story ...)
Real estate up, down or flat? 5 factors that could affect home prices in 2017: Don Pittis
After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China ... Reserve Chair Janet Yellen has a huge impact on Canadian mortgage rates. That's because mortgage lenders take their cue ... ( read original story ...)
UPDATE 1-U.S. 30-year mortgage rates fall to lowest in six weeks -Freddie
HONG KONG/BEIJING, Jan 14 China's Dalian Wanda Group Co Ltd on Saturday said its revenue for 2016 dropped by 13.9 percent, even as operating income increased 3.4 percent, as a slowdown in the group's commercial property business impacted overall performance. ( read original story ...)
HK managers should use digital technologies to connect with customers
More than half of Hong Kong consumers still want human interaction – especially to deal with complaints (60 per cent) and advice about complex products such as mortgages (54 per cent in Hong Kong). So this is where the focus of getting humans to ... ( read original story ...)
HK investment banks brace for shocks as competition intensifies
Competition is intensifying for investment banks in Hong Kong with global economic uncertainty shadowing one of the world’s largest initial public offering (IPO) markets, an executive at a state-owned investment bank says. Although the city was ranked ... ( read original story ...)
Hong Kong’s transitional care centres provide welcome relief for the elderly and their families
“And I really do not want to send her to a care home as I do not want her to feel useless and abandoned.” The demand for Hong Kong’s long-term nursing facilities had been on the rise amid an aging population and is projected to double from about ... ( read original story ...)
Hong Kong will need 48 new elderly care homes every year unless demand is cut now, expert warns
Hong Kong will need to build close to 50 care homes for the elderly each year in the future unless it acts now to cut demand by providing more community care, a social welfare expert has warned. Dr Law Chi-kwong, an associate professor at the University of ... ( read original story ...)
Job cuts, fewer flights? Hong Kong airline Cathay set for overhaul
The 71-year-old Hong Kong airline is under pressure to combat aggressive state-supported mainland carriers, and to position itself against an "open skies" deal signed last month between China and Australia. Cathay scrapped its second-half profit forecast ... ( read original story ...)
Hong Kong public and doctors oppose Medical Council’s proposed medical reforms, survey reveals
Polls commissioned by medical sector lawmaker Dr Pierre Chan showed resounding opposition to controversial government reforms making it easier for foreign doctors to practice in Hong Kong. Between November last year and this month, the general public ... ( read original story ...)
Hong Kong public to be polled on next chief executive
“We are definitely not here to be kingmakers,” Tai, a legal scholar at the University of Hong Kong, said. “We just hope that all Hongkongers can participate in such an important event.” The chief executive race heated up last week after Chief ... ( read original story ...)
Just how do to apply pop culture to Freakonomics: use China’s transition as an example
Levitt and Stephen J. Dubner. It’s not easy to joke about economic models based on rational utility maximisation, but I tried by linking similar woes that confront both Hong Kong and the US. Chinese people aren’t fans of irony, but nothing is more ... ( read original story ...)
Time for Hong Kong’s young and old to unite for a better future
there is genuine caring about the people and a desire to put our city at the forefront of scientific and business innovation. It is in the best interests of the city to pull together and stick together, for, in the long run, Hong Kong’s economy and ... ( read original story ...)
New York fuels global ambitions of Hong Kong's Tim Ho Wan
In 2013, facing soaring rents in Hong Kong, the chefs moved the original Tim Ho Wan to a ... they face a similar problem as rising Manhattan rents force restaurants out of business. "We're known as the cheapest Michelin star restaurant [in the U.S ... ( read original story ...)