The billionaire investor said that Federal Reserve interest rate rises will break the currency's peg with the US dollar as it "no longer makes sense." ...
China Fashion Tycoon to Sell $64 Million Prime Hong Kong Office
A Chinese fashion tycoon has lost a prime office property in Hong Kong’s business district, the South China Morning Post reported. The entire 23rd floor of Bank of America Tower and three car parking ...
UPDATE 1-Chinese property stocks rally as banks pledge $38 bln in credit support
HONG KONG, Nov 24 (Reuters) - Chinese property shares jumped on Thursday after the country’s biggest commercial banks agreed to provide at least $38 billion in fresh credit lines to cash-strapped ...
Fashion tycoon who dreamed of building China’s LVMH set to lose prime Hong Kong property worth US$64 million: sources
A receiver has appointed Savills to sell the entire 23rd floor of Bank of America Tower in Central and three parking spaces The property was bought in 2018 by a company controlled by Qiu Yafu and ...
Hong Kong property deals almost doubled in Q3
Transaction volumes grew 93% to USD4.4 billion during the quarter. Transaction volumes increased by 93% QOQ in Hong Kong in Q3, despite the US Federal Reserve’s sharp rate hikes prompting investors to ...
Street level shops, offices and industrial property bear the brunt of Hong Kong’s stuttering economy
Midland IC&I slashes forecast for industrial property, office and shop transactions by 15 per cent to about 4,700 this year, the lowest since 2020 A street level shop in Wan Chai sold recently for ...
China Consumer Spending Slumps Under Covid and Property Restrictions
Consumer spending is buckling under China’s dual campaigns, flashing a warning for companies that have pinned their hopes on a more free-spending Chinese customer.
Pandemic, Central Banks, Property Issues Drive Hong Kong Shares Into Red
The Hong Kong Hang Seng Index opened higher Friday but sagged in the afternoon, finishing off 0.3% as traders weighed tenacious COVID-19 outbreaks in mainland China, the nation's struggling property ...
Analysis-Reluctant Buyers Pose Main Threat to Beijing’s Property Revival Efforts
BEIJING/HONG KONG (Reuters) - A slew of recent supportive measures will bring China's cash-strapped property developers much needed relief, but a full recovery of the sector will be hobbled by ...
In China’s property crisis, global asset managers see opportunity in rental housing
Global investors Warburg Pincus and Greystar Real Estate Partners are pushing deeper into China's rental housing, as a growing number of distressed developers are looking to divest some of their ...
China Unveils Sweeping Measures to Rescue Property Sector
The Hong Kong-listed shares of China's biggest developer by sales, Country Garden, closed up 45%, while the shares of major competitor Greenland gained more than 35%. Beijing imposed widespread ...
Two Chinese property developers plan to raise $5 billion in debt
Property developers Longfor Group Holdings Ltd and Midea Real Estate Holding Ltd plan to raise a total of 35 billion yuan ($5 billion) in debt, China's National Association of Financial Market ...
Hong Kong migrants locked out of UK jobs by police check fears
When Hong Kong maths teacher Jessica was freed from jail last year following her arrest during the territory’s massive pro-democracy protests she decided it was time to leave her home city and head ...
Two Chinese property developers plan to raise $5 bln in debt
Property developers Longfor Group Holdings Ltd and Midea Real Estate Holding Ltd plan to raise a total of 35 billion yuan ($5 billion) in debt, China's National Association of Financial Market ...