Hong Kong’s share of regional initial public offerings has shrunk to the lowest in more than two decades despite a recent pick up in deals, costing the financial hub its position as one of Asia’s ... ( read original story ...)
China property IPO bets on big name to calm fears
Big names generate deal interest, but that comes with risks, too. China Vanke , the biggest private developer by market value in the People’s Republic, is braving both rocky stock markets and the ... ( read original story ...)
Hong Kong central bank raises interest rate after Fed hike, HSBC follows
The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 75 basis points (bps) to 3.5%, hours after the U.S. Federal Reserve delivered ... ( read original story ...)
HSBC to Raise Best Lending Rate to 5.125% After HK Rate Hike
HSBC Holdings said on Thursday it raised its best lending rate in Hong Kong by 12.5 basis points to 5.125% effective Sept. 23 after the city's central bank raised the base rate charged through its ... ( read original story ...)
Businesses fleeing to Singapore from Hong Kong dealing with soaring inflation costs in city state
With inflation soaring to the highest level in 14 years, expenses are rising at a faster pace in Singapore than in its financial rival, where price increases have been more modest. ( read original story ...)
‘Very high chance’ Hong Kong will end year in recession: Finance Chief
Hong Kong is set to end the year in the midst of a full-blown recession, the city's finance chief warned on Thursday (Sep 22), as COVID-19 controls and spiralling interest rates hammer the economy. ( read original story ...)
Hong Kong homes on the verge of becoming least affordable in 24 years
Hong Kong housing is at risk of becoming the least affordable in 24 years, as rate hikes by the US Federal Reserve drive up borrowing costs in the Asian financial hub ... ( read original story ...)
Cheap mealboxes a taste of Hong Kong’s economic woes
Hong Konger Kitty Chan pivoted to takeout to help her restaurant survive the pandemic, but she has since opened a second shop as demand for cheap ... ( read original story ...)
Hong Kong Could Declare End to Quarantine in Days, Lawmaker Says
Anticipation is mounting that Hong Kong will scrap hotel quarantine for inbound travelers, with an announcement possible in the coming days, as the city tries to maintain its status as a global ... ( read original story ...)
Hong Kong Stocks Tumble to 2011 Low on Fed, Geopolitical Risks
Broad selling on concerns about the Federal Reserve’s relentless campaign to fight inflation and growing US-China tensions sent Hong Kong stocks tumbling to decade lows. Most Read from BloombergPutin ... ( read original story ...)
Hong Kong finance chief says no risk of sharp changes to property prices
Hong Kong Finance Secretary Paul Chan said on Thursday he does not see a sharp risk to the city's property market after the financial centre's de facto central bank raised interest rates in lockstep ... ( read original story ...)
From coloured gemstones to rare diamonds: Jewellery fair to unveil latest trends and showcase 1,000 exhibitors
In celebrating 'collaboration and creativity', Jewellery & Gem World Singapore will show a range of jewellery, including unique designs, everyday essentials and rare vintage pieces, from exhibitors ... ( read original story ...)
Hong Kong Bourse Has Weak Lead For Thursday’s Trade
The Hong Kong stock market saw renewed selling pressure on Wednesday, one session after ending the two-day losing streak in which it ... ( read original story ...)
Singapore’s Rising Costs of Running a Business Outpace Hong Kong
Singapore looks like an attractive location for firms wanting to exit Hong Kong, but they may find a move to the city-state hits their bottom line more than expected. ( read original story ...)