Hong Kong’s stock market had erased earlier gains by lunchtime, as Chief Executive Carrie Lam Cheng Yuet-ngor’s failure to detail land supply measures in her policy speech sent property stocks tumbling. Mainland markets finished the morning mixed. ( read original story ...)
Hong Kong stocks breach yet another 10-year high
Hong Kong equities slipped from last week’s record highs on Monday as investors chose to take profits. But share prices bounced back with strong momentum, provided by technology and property stocks. HSBC emerged as the biggest gainer of the day ... ( read original story ...)
Hong Kong Regulator Probes Financial Firms for Shoddy IPOs
HONG KONG—Hong Kong’s securities regulator is investigating 15 financial firms for what it called substandard work while arranging initial public offerings, a senior official said Wednesday. Thomas Atkinson, head of enforcement at Hong Kong’s ... ( read original story ...)
Venus Williams keeps mum on Serena at Australian Open after getting back to business in Hong Kong
Keep the questions to the tennis, the gathered media was urged before Venus Williams’ post-match press conference. The Victoria Park media tent hardly seemed the time or place to bring up the fatal car crash she was involved in earlier this summer. ( read original story ...)
Subsidies for Hong Kong commuters, huge cuts to profits tax to be announced in Carrie Lam’s policy address
Hong Kong’s public transport commuters will be given a monthly ... Carrie Lam Cheng Yuet-ngor’s maiden policy address, the Post has learned. Local business operators will also benefit, with the profits tax rate for their first HK$2 million in profits ... ( read original story ...)
Conservative party activist ‘barred from entering Hong Kong’
A British activist who has voiced concern over eroding freedoms in Hong Kong was barred from entering the city on Wednesday, as Beijing prepares for a major political gathering next week. Benedict Rogers, the deputy chairman of the Conservative party's ... ( read original story ...)
Pricey property leaves Hong Kong families struggling to buy own home
When Hong Kong Chief Executive Carrie Lam officially announced a new “Starter Homes” scheme on Wednesday to help middle-class families own their first home, 27-year-old bank employee Jeffrey Chan was left unmoved. The combined income of Chan and his ... ( read original story ...)
Hong Kong leader outlines homeowner scheme in first policy address
Hong Kong developers slipped on Wednesday after the territory’s leader outlined a new scheme designed to help middle class families purchase property in one of the world’s most expensive markets. Hong Kong chief executive Carrie Lam, who had promised ... ( read original story ...)
Hong Kong leader says she’ll cut taxes, ease housing crunch
Hong Kong property prices, already among the world's highest, have continued to rise over the past year despite the government implementing a raft of cooling measures. Since taking office on July 1, Hong Kong's first female leader has sought to heal social ... ( read original story ...)
Hong Kong stocks fall as city chief’s property, tax measures disappoint
Oct 11 (Reuters) - Hong Kong stocks fell on Wednesday, pressured by a sharp reversal in property shares after the city’s chief executive unveiled a mix of housing and tax relief policies that disappointed some investors. The Hang Seng index fell 0.4 ... ( read original story ...)
Hong Kong developer stocks fall as Carrie Lam’s speech skirts land issue
Shares of New World Development Co, which surged as much as 6.2 per cent before Lam's speech, fell 1.2 per cent in Hong Kong. Sun Hung Kai Properties fell 0.9 per cent after earlier rising as much as 1.5 per cent, while the Hang Seng Property Index also ... ( read original story ...)
China goes all out to be king of the electric car
Expecting a bonanza, investors have pushed BYD shares up by as much as 70% in the past month on the Hong Kong Stock Exchange ... first-time car buyers," according to a recent McKinsey report. "In all, China provides monetary subsidies that, for a ... ( read original story ...)
London is world’s top city for diamond retailing, new study reveals
Using data from McKinsey & Co and Bain & Company ... Also ranking in the top worldwide locations for luxury shopping was Hong Kong with £6.2 billion sales and Beijing with £6 billion. Traditionally affluent shopping locations such as Las Vegas and ... ( read original story ...)
Slavitt joins General Atlantic
Prior to HealthAllies, he was a consultant with McKinsey & Company and an investment banker with ... Amsterdam, Beijing, Greenwich, Hong Kong, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, and Singapore. Copyright (c) Buyouts Insider/Argosy ... ( read original story ...)