The new lipstick effect? ‘Experiential stores’ are taking over as traditional shops shut in Hong Kong as people spend less amid struggling economy ...
Hong Kong banks trim prime rates by a quarter point, meeting Fed’s aggressive cut halfway
Hong Kong cut its base rate cut by 50 basis points for the first time in four years, kicking off a cycle that would help businesses and homeowners.
HK central bank cuts interest rate
The Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged via the overnight discount window by 50 basis points to 5.25 percent, tracking a move by the US Federal Reserve.
Hong Kong’s property market set to revive gradually as rate cuts buoy sentiment, demand
The first rate cut should lure more homebuyers back to showrooms, and prices are appealing after a 25 per cent slump from peak, analysts say.
Borrowers urged to be cautious despite rate cut
The Acting Chief Executive of the Hong Kong Monetary Authority (HKMA), Howard Lee, on Thursday urged people to remain cautious when it comes to applying for mortgages or making borrowing decisions, ...
Hong Kong Stocks Surge on U.S. Rate Cut Hopes and Midea Group’s Upbeat Debut
Hong Kong stocks climbed in a holiday-thinned trade, driven by local property giants and an optimistic listing of Chinese home appliances maker Midea Group. The Hang Seng index increased by 237.90 ...
Midea’s successful Hong Kong listing is a good sign for Chinese companies going global, investment firm says
William Ma, CIO of Grow Investment Group, says "green shoots [are] coming back" in the Chinese market despite struggling macroeconomic data.
Mortgage Rates in the US Hold at the Lowest Level Since May 2023
Mortgage rates in the US held steady, giving homebuyers a crack at the lowest loan costs since May 2023. Most Read from BloombergThe Outsized Cost of Expanding US RoadsHow Air Conditioning Took Over ...
HKMC issues second ILBS issuance for $423m as investor demand grows
The Asian Infrastructure Investment Bank is an anchor investor in SPV Bauhinia 2, which contains a $107m sustainability tranche; meanwhile, the Hong Kong Mortgage Corporation will have a new CEO in ...
Hong Kong Stocks Surge on Rate Cut Hopes
Hong Kong stocks rose in a holiday-thinned trade, driven by local property giants and a strong debut by Midea Group, amid hopes of a significant interest rate cut by the U.S. Federal Reserve. The Hang ...
Hong Kong stocks rise on property gains ahead of Fed rate decision
Hong Kong stocks rose in holiday-thinned trade on Tuesday, led by local property giants on hopes of an oversized interest rate cut by the Federal Reserve, while the upbeat listing of Chinese home ...
Hong Kong Property Stocks Set for Lift on Fed Move, More Renters
Traders are betting on a rebound in Hong Kong developers’ shares, anticipating that a US interest rate cut will boost property purchases.
CK Asset leads Hong Kong builders in touting new flat sale ahead of expected rate cut
Li Ka-shing’s flagship developer says it will put 558 units on the south side of Hong Kong Island on sale as soon as next month.
Current mortgage rates 2024
Lenders base mortgage interest rates on the benchmark interest rate, along with other factors such as credit score, loan-to-value (LTV) ratio, size of the loan, type of loan and loan term.