When journalists working for Hong Kong's fledgling Factwire news agency hit the streets of Mong Kok last week, they were looking for evidence to support a shocking story of abduction and torture. Just hours before, Howard Lam, a veteran activist and a ... ( read original story ...)
Hong Kong banks offer this year’s lowest mortgage rates for two projects in Tsuen Wan
HONG KONG: Competition in the mortgage loan business among banks in Hong Kong is heating up, with some partnering with mortgage brokers to offer this year’s lowest mortgage rate to buyers of two new developments in Tsuen Wan. Centaline Mortgage Broker ... ( read original story ...)
Hong Kong legal chief denies political motive in jailings as criticism mounts
HONG KONG (Reuters) - Hong Kong's legal chief denied any "political motive" in seeking jail for three young pro-democracy activists on Friday, responding to a Reuters report that he had overruled other legal officials who had initially advised against ... ( read original story ...)
Hong Kong divided over how to remake bourse to lure startups, as consultation draws to a pause
Hong Kong’s financial industry professionals are still divided over how they can remake the city’s stock exchange to make it the world’s most attractive place for startups and technology firms to raise capital, even as the first round of a public ... ( read original story ...)
Rivals Chinachem and Cheung Kong Property square up for buyers at adjacent developments in Tsuen Wan
Two of Hong Kong’s major developers appear to be locked in a local price war, with Chinachem Group offering a residential project in Tsuen Wan on Wednesday at prices as much as 20 per cent lower than those at Cheung Kong Property’s latest development ... ( read original story ...)
Hong Kong Home Prices Rise Despite Beijing’s Regulative Crackdown
According to a separate report from the Chinese government, Hong Kong’s housing affordability has further deteriorated, with the proportion of income spent on mortgages having risen to 67 percent in 2Q17, compared to that of 56 percent a year ago. ( read original story ...)
Hong Kong Home Prices to Grow 15 Percent in Coming 30 Months
Our analysis shows that around 1.27 million households with an income over HKD 28,000 per month can afford to buy private housing using a combination of savings and financing 70-80% of the balance through banks, non-banks and the Hong Kong Mortgage ... ( read original story ...)
A Look At The Potential Blockchain Holds For The Mortgage Industry
“The average mortgage application includes a staggering 500 pages ... of a blockchain technology solution for property valuation by the Bank of China Hong Kong (BOCHK) and Hong Kong Applied Science and Technology Research Institute (ASTRI). ( read original story ...)
Hong Kong, the world’s most expensive housing market, just got even pricier
Hong Kong’s housing affordability ratio, which measures the proportion of income spent on mortgages, worsened to about 67 per cent for the April-June quarter, the government said on Friday, up from 56 per cent in the year-earlier period. The latest ... ( read original story ...)
China fines Citibank, four others for breaching mortgage and credit card rules
The most common misdemeanours this year had been in mortgage and interbank lending ... “Citi is committed to meeting our regulatory obligations,” the bank’s Hong Kong-based spokesman said. “We have completed the necessary corrective actions ... ( read original story ...)
Are you sitting down? Good. Hong Kong’s housing market just got even more expensive
And it just keeps getting more expensive. In the second quarter, the proportion of income spent on mortgages in Hong Kong—a measure known as the housing affordability ratio—hit 67 percent, shooting up from 56 percent earlier in the year, accoriding to ... ( read original story ...)
How to get a buy-to-let mortgage for a British property if you have moved overseas
Hong Kong Dollar, Kuwaiti Dinar and Singaporean Dollar. The mutual will take a limited amount of earned income into its affordability assessment. The rental income must cover the mortgage payments by a ratio of 125 per cent at a 5.5 per cent mortgage rate ... ( read original story ...)
Hong Kong regulator grins thanks to financial inclusion wins
The Hong Kong Monetary Authority (HKMA) is in a happy mood as the region’s financial inclusion initiatives are progressing well. Norman Chan, HKMA chief executive, visited three retail bank branches in northern Tin Shui Wai area of Hong Kong today (17 ... ( read original story ...)
HKMA’s Chief Executive visits bank branches to understand progress of implementation of financial inclusion initiatives (with photos)
The Chief Executive of the Hong Kong Monetary Authority (HKMA), Mr Norman Chan, visited three retail bank branches in northern Tin Shui Wai area today (August 17) to understand the situation of branch services from bank representatives and staff ... ( read original story ...)