The Hong Kong Hang Seng Index could not sustain a midday rally and closed down 1.2% on Monday, as property stocks again led trading floors into the red. The broad gauge Hang Seng fell 176.04 to 14,687 ... ( read original story ...)
Hong Kong to explore legalizing retail crypto trades in reversal of previous proposal
Hong Kong has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds and plans to conduct pilots in NFT issuance and CBDC. ( read original story ...)
Li Ka-shing’s skyscraper one-fifth empty as Hong Kong vacancies hit record
Empty premium office space – or the so-called Grade-A stock – has almost tripled in three years to an all-time high. Read more at straitstimes.com. ( read original story ...)
Li Ka-shing’s skyscraper is 21% empty as Hong Kong vacancies hit record
HONG KONG’S most prestigious skyscrapers have more empty office space than ever before, underscoring the challenge facing John Lee’s government as he tries to revive the city’s standing as an ... ( read original story ...)
Hong Kong Mortgage Corp HK$ 2yr IPG 5.25% area, CNH 3yr IPG 3.75% area
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Hong Kong Office Market Aided by Flex Space Operators Continued Expansion
Based on JLL's latest Hong Kong Property Market Monitor Report released this week, Hong Kong's Grade A office market recorded net absorption of 157,000 sq ft in September 2022. Flex space operators ... ( read original story ...)
Hong Kong Hang Seng Index Down 3.7%; Property, Tech Issues Routed
The Hong Kong Hang Seng Index opened evenly Friday but slumped to the close, finishing down 3.7%, as traders weighed ongoing anti-pandemic measures in mainland China, Beijing's economic and political ... ( read original story ...)
Hong Kong home prices drop 2.1% in September 2022
The property price index was at 362.1 in September, down 9% from an all-time peak of 398.1 in September last year. Home prices in the financial hub have fallen 8.1% in the first nine months of this ... ( read original story ...)
Hong Kong Hang Seng Up 0.7% But Property Issues Slip
The Hong Kong Hang Seng Index opened higher Thursday and held on to close up 0.7%, despite ongoing softness in property issues. Tech shares gained. The broad gauge Hang Seng rose 110.27 to 15,427.94, ... ( read original story ...)
Hong Kong home prices drop 2.1% in Sept, down 8% this year
Hong Kong private home prices fell 2.1% in September from a month earlier to the lowest since January 2019, official data showed on Thursday, dragged down by rising interest rates and a pessimistic ... ( read original story ...)
Hong Kong Airlines Bondholder Group to Oppose Debt Restructuring
Some bondholders of Hong Kong Airlines are seeking to block a $6.2 billion debt restructuring plan, which they say treats them unfavorably compared with the company’s owner and its affiliates. ( read original story ...)
Transcript: This Is What 7% Mortgages Will Do to the Housing Market
On this episode of Odd Lots, we speak with Morgan Stanley housing strategist Jim Egan about what comes next. Egan argues that while high mortgage rates will discourage buyers, there won't be a ... ( read original story ...)
Security tokens can ‘revolutionise’ how Hong Kong, Greater Bay Area property developers fund mega projects, says report
Security token offerings (STOs) could ‘revolutionise’ the way developers raise capital to fund their projects, providing a shot in the arm for the property markets of Hong Kong and the Greater Bay ... ( read original story ...)
Hong Kong stock market plunges after President Xi Jinping’s power grab
The Hang Seng China Enterprises Index, which measures Chinese stocks listed in Hong Kong, sank 7.3 per cent. That’s the worst plunge after a Chinese Communist Party congress since 1994. Fears grew ... ( read original story ...)