Hong Kong property prices have begun a descent that could last up to five years, based on past experience, as interest rates start to climb. Photo provided to China Daily In recent months, there has b... ( read original story ...)
Philippine developers see boost in home buying tied to overseas workers in Hong Kong, elsewhere
Philippine developers are getting a boost from Filipinos working in Hong Kong who are taking advantage of the weak peso to buy property back home. Rowena Arandia is one such worker who bought her firs... ( read original story ...)
The World’s Priciest Property Market Is Getting (a Bit) Cheaper
Is the world’s most expensive property heading for a bear market? Probably. Hong Kong apartments have been an excellent investment: Prices have tripled in the past decade. A tiny flat, slightly bigger ... ( read original story ...)
Hong Kong Has ‘Got it Wrong’ on Public Housing, Developer Says
“Somebody’s going to kill me,” Kenneth Ng, a director of Hong Kong developer Wing Tai Properties Ltd., told his audience -- twice -- as he criticized the government’s housing policy. Ng spoke on a pan... ( read original story ...)
Club Med owner scales back Hong Kong IPO plan by nearly half amid downbeat mood
Fosun Tourism Group, owner of the French holiday resort chain Club Med, has cut the size of its Hong Kong initial public offering by almost half amid a slumping market and a surge in new share offerin... ( read original story ...)
HONG KONG | China halts work by team on gene-edited babies
HONG KONG — China’s government ordered a halt Thursday to work by a medical team that claimed to have helped make the world’s first gene-edited babies, as a group of leading scientists declared that i... ( read original story ...)
Chinese Banks Are Hiring People to Manage $930 Billion of Wealth
A top-20 Asian private bank operated by BOC Hong Kong (Holdings) Ltd., the overseas subsidiary of China’s fourth-largest lender, has about 120 relationship managers and wants to boost headcount by at ... ( read original story ...)
Financial M&As slump in HK
Mergers and acquisitions targeting Hong Kong financial firms have slumped this year. Two insurance firms have called off Hong Kong deals worth a combined US$1.4 billion (HK$10.9 billion), with sources ... ( read original story ...)
Hong Kong authorities urge credit bureau TransUnion to tighten online security after local newspaper says it easily obtained data on public figures
Hong Kong’s Monetary Authority and privacy watchdog have called on major international credit bureau TransUnion to improve its online authentication procedures after a local newspaper claimed that it ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) traders bank on the chance of a US-China trade detente from the G20 meeting
The Hang Seng Index rose 1.3 per cent and the Shanghai Composite Index added 1.1 per cent for the first gain in five days. Tencent Holdings gained the most in almost two weeks in Hong Kong, while tele... ( read original story ...)
M&A deals in HK finance sector fall prey to China crackdown
HONG KONG • Mergers and acquisitions (M&A) targeting Hong Kong's financial firms have slumped this year, with insurance sector deals particularly hard hit, as China's moves to tighten capital controls ... ( read original story ...)
“You bring the donuts to work”: inside the new top tech jobs at HSBC in Hong Kong
If you needed any evidence of HSBC’s rampant technology recruitment in Hong Kong here it is: more than one in five (22%) of the firm’s local vacancies are in tech and digital banking ... ( read original story ...)
Explicitly recognise Communist Party as China’s rulers, Hong Kong legislators tell government
The Hong Kong government should openly recognise the Communist Party ... City University responded to the reports by saying it was surprised by the news, and that it had told the college not to host s... ( read original story ...)
LCQ15: Compilation of statistics on mortgage loans
The Hong Kong Monetary Authority (HKMA) indicated that the debt-servicing ratio (DSR) for the new residential mortgage loans (RMLs) approved in the second quarter of this year was 34 per cent, and tha... ( read original story ...)