Fitch Ratings has upgraded Hong Kong-based Cheung Kong Property Holdings Limited's (CKP) Long-Term Foreign-Currency Issuer-Default Rating (IDR) to 'A' from 'A-'. The Outlook is Stable. A full list of rating actions is at the end of this commentary. ( read original story ...)
Fitch: Tighter Property Regulations to Weigh on Hong Kong Banks
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Hong Kong Banks 2016 Report Card here HONG KONG, June 01 (Fitch) Fitch Ratings expects tighter regulations on property-related lending to have a material but ... ( read original story ...)
Two apparel makers debut in Hong Kong, Shanghai with returns as stark as night and day
It closed at 10.2 yuan, up from its IPO price of 7.08 yuan. The Shanghai-based maker of women’s apparels raised 424.8 million yuan, selling 60 million shares. In contrast, Speed Apparel, which debuted on the Growth Enterprise Board in Hong Kong ... ( read original story ...)
Red Capital in Hong Kong
Long before the Chinese conglomerate HNA started making international news — for buying a controlling share of Deutsche Bank or acquiring Ingram Micro, the largest wholesaler of electronic equipment in America — it was familiar to people in Hong Kong ... ( read original story ...)
Hong Kong property market hot to touch
Everywhere I look, I see giant apartment buildings under construction. No, it's not Sydney or Melbourne but Hong Kong. On this 20th anniversary year of the British handover to China, it's more evidence of how much Hong Kong shrugged off the sense of ... ( read original story ...)
Hong Kong shares end at 23-month high, buoyed by property
June 1 Hong Kong's benchmark stock index finished on Thursday at a 23-month high, bolstered by property shares as Chinese money flowed steadily into the city's market. The Hang Seng index ended up 0.6 percent at 25,809.22, while the China Enterprises Index ... ( read original story ...)
Hong Kong’s Housing Prices Are Still out of Control
If you speak to any Hong Kong resident, the conversation will invariably be directed to the subject of property prices. That’s no surprise given that earlier this year, Hong Kong was crowned the world’s least affordable city by research organization ... ( read original story ...)
Hong Kong throngs defy efforts to cool housing market
Snaking queues of thousands of prospective apartment buyers in Hong Kong signalled authorities have made no progress in cooling a red-hot property market, where prices are at records. People were lining up last Friday and over the weekend at Victoria Skye ... ( read original story ...)
Chinese Estates pockets HK$26 million windfall from a quick punt in Evergrande
Chinese Estates Holdings, controlled by Hong Kong property tycoon Joseph Lau Luen-hung’s wife Chan Hoi-wan, has become a big winner in China Evergrande Group’s share price surge, making a profit of more than HK$26 million (US$3.34 million) in just a ... ( read original story ...)
Sticking to his legal principles: former Hong Kong chief justice Andrew Li reflects on how rule of law has fared in last two decades
Hong Kong’s legal system has been through some tumultuous times in the two decades since 1997. The first post-handover chief justice, Andrew Li Kwok-nang, tackled challenges arising from the new constitutional order, where the city’s common law ... ( read original story ...)
UBS: Questionable IPO Activities in Hong Kong
The Hong Kong financial market regulator is keeping a watchful eye on Switzerland’s UBS. A further case involving questionable activities by an investment banker has now come to light. Former UBS investment banker Calvin Choi (pictured below) seems to ... ( read original story ...)
Hong Kong’s startup market turning toxic for investors
HONG KONG -- Hong Kong's venture-oriented Growth Enterprise Market sank to a new low in May despite the global stock boom, having lost investors' confidence amid the history of controversies surrounding its component stocks. The S&P/Hong Kong GEM Index is ... ( read original story ...)
Hong Kong crowned world’s most competitive economy, beating Singapore
Hong Kong has been crowned the world’s most competitive economy for the second year running, ahead of Switzerland and Singapore, in an annual report from the International Institute for Management Development. The Swiss business school ranked Hong Kong ... ( read original story ...)
Uber posts multimillion dollar loss as revenue grow and finance head quits
HONG KONG - Ride-hailing giant Uber has reported another multibillion ... The company also said its head of finance, Gautam Gupta, is departing, becoming the latest high profile executive to leave amid a string of troubles facing the company. ( read original story ...)