China Evergrande Group said on Sunday its interests in a plot of undeveloped land for residential development in Hong Kong's Yuen Long district have been sold by its receivers for $636.94 million.
Covid-scarred Hong Kong seeks return to normality in rowdy Sevens
For some of those in the raucous South Stand at the Hong Kong Sevens rugby tournament this weekend, it was if the city’s past three years of Covid restrictions and political crackdowns had never ...
If Hong Kong’s property cooling measures are dropped, who really benefits?
Readers discuss calls for the government to scrap the extra stamp duty on property transactions, the predicament of an old mahjong shop, and the website of a museum exhibition Feel strongly about ...
Hong Kong leader John Lee shrugs off absence of threee top bankers from key financial summit, insists city ‘full of vigour and energy’
Hong Kong leader John Lee Ka-chiu has shrugged off concerns over three top bankers pulling out of the city’s first mega financial summit since the Covid-19 pandemic began, as he struck a cautiously ...
High-level banking summit shows Hong Kong has returned to normality, finance chief Paul Chan says
Financial secretary says attendees have shared that their experience in city is 'different from what they have seen in foreign media outlets' City needs to strengthen investment by wooing firms and ...
Hong Kong, mainland China students boost UK home demand, property agents say, as weak pound increases buying power
China, including Hong Kong, accounted for the biggest share of an increase in non-EU students entering UK universities this year, according to Knight Frank In the third quarter, Chinese buyers made 2.
Hong Kong says it’s back open for business. Will the world buy it?
At a glitzy finance summit in Hong Kong this week, the city's leader triumphantly told a room packed with top Wall Street executives that the Asian hub was back in business. "The worst is behind us," ...
Hong Kong Embraces Crypto to Rebuild its Reputation As a Fintech Hub
Kanok Sulaiman / Getty Images Hong Kong, aiming to rebuild its reputation as a fintech hub and level the playing field with Singapore, may allow retail investors to trade in cryptocurrencies and ...
Hong Kong is inviting back the (business) world. Will it accept?
The Chinese territory’s reputation as an international financial center has been tarnished by strict Covid rules and a national security law that critics say has crushed dissent.
Hong Kong No 2 official condemns Wall Street Journal’s ‘ill-intended and gravely biased’ editorial on mega financial summit
Chief Secretary Eric Chan writes to New York-based paper’s editor, saying piece is a ‘brazen demonstration of disrespect’ for financial leaders who attended.
Hong Kong’s currency intervention pushes key banking liquidity indicator below HK$100 billion mark
Aggregate balance fell below HK$100 billion after the Hong Kong Monetary Authority intervened to defend currency peg during New York trading hours Lower liquidity will add pressure on more local banks ...
Hong Kong Interbank Liquidity Gauge to Sink Below HK$100 Billion
Hong Kong’s aggregate balance, a measure of interbank liquidity, will fall below HK$100 billion ($12.7 billion) for the first time since June 2020 as the city’s de facto central bank tries to maintain ...
Hong Kong’s property developers will struggle to service their bulging debts as interest rates soar, analysts warn
Home builders are likely to have a hard time turning a profit as the interest payments on their debt mountains get bigger They are likely to be less aggressive bidding for land, and are coming under ...
Hong Kong bar owners wonder if crowds of rugby Sevens fans will ever return
With few international fans making the journey this year, owners are asking if the tournament’s glory days are over.