Hong Kong’s de facto central bank cut the city’s base rate for the first time this year, bringing down the cost of funding to help reboot businesses and reduce the burden on mortgage borrowers. The ...
HSBC cuts prime lending rate in first relief for borrowers since December
Reduction of 12.5 basis points in funding costs will provide relief for some – but not all – borrowers in the city.
China’s CICC and Hong Kong’s HKMC to Support Infrastructure Financing and Securitization
The Hong Kong Mortgage Corporation Limited signed MoU with China International Capital Corporation Limited (CICC).
Hong Kong property association calls for HK$20 bil support fund
The fund, which could be led by the government or semi-government entities as seed investors, could list on the Hong Kong Stock Exchange in the future, says the association.
Hong Kong property stress spurs call for $3.2 billion support fund
If the situation continues, it will threaten Hong Kong’s standing as an international financial center, an association said. Read more at straitstimes.com. Read more at straitstimes.com.
Hong Kong’s property sector gains as buyers seize discounted offices
Transaction value soared 65% year on year to HK$9.1b in the first half. End-user demand is fuelling Hong Kong’s property sector, as falling prices and fresh government measures spur activity across ...
What are some key policies by Hong Kong’s leaders that have changed the city?
As John Lee prepares to deliver his fourth policy blueprint on Wednesday, the Post looks at the legacy of city leaders over the past 28 years.
Hong Kong Policy Address Features Cuts to Mortgage Restrictions, Liquor Tax
There were few surprises in Hong Kong Chief Executive John Lee's annual policy address this year, as the leader continued emphasizing the need to strengthen the economy and improve people's ...
These Hong Kong Mortgage Deals May Be Too Sweet – WSJ
Hong Kong builders in recent months have been enticing buyers with mortgage deals covering as much as 123% of the price of new homes, hoping to win sales.
Hong Kong Property Woes Weigh on Schroders as Banks Seize Assets
Schroders Plc has become the latest global asset manager to be caught up in Hong Kong’s commercial property meltdown.
Hong Kong Property Woes Weigh on Schroders as Banks Seize Assets
Schroders Plc has become the latest global asset manager to be caught up in Hong Kong’s commercial property meltdown.
Hongkong Land Holdings Announces Share Repurchase
The latest announcement is out from Hongkong Land Holdings ( ($GB:HKLD) ). Hongkong Land Holdings Limited announced a market repurchase of 235,000 ...
Litu Holdings Limited Announces HK$21.5 Million Property Acquisition
An announcement from Litu Holdings Limited ( ($HK:1008) ) is now available. Litu Holdings Limited has announced a significant acquisition ...
Hong Kong banks may boost tax loan campaigns as Fed rate cut looms
Demand for debt consolidation may also rise. Banks in Hong Kong may launch more competitive campaigns during the tax loan season whilst demand for debt consolidation may rise following an expected ...