The explanatory note of the Hong Kong Inland Revenue Department (“ IRD ”) is accessible here: This is a useful and clear introduction to the new rules, even for the layman. On 28 October 2022, the ...
Shenzhen backed to ‘pioneer’ China’s national tax reform, sets off property alarm bells in Hong Kong
The development fuelled market speculation as it may have profound effect on the city's property market and also affect around 25,000 Hong Kong workers living in Shenzhen, who make frequent ...
What’s to blame for Hong Kong’s lacklustre real estate investment demand in Q3?
Only 20 deals worth HK$18.1b were transacted in the quarter. According to CBRE, commercial real estate investment volume (deals worth over HK$77 million, excluding pure land or related transactions) ...
Hong Kong leader Lee touts ‘China advantage’ at banker summit
Hong Kong remains a top business hub, with key links to mainland China, the city's leader told a financial summit on Wednesday, in a bid to repair the damage done by strict COVID curbs and a ...
Auditor exodus at embattled China property firms triggers governance concerns
Auditors of at least 14 Hong Kong-listed Chinese property firms have exited this year, securities filings showed, raising governance concerns about the debt-ridden developers several of whom are yet ... ( read original story ...)
Chinese Property Bonds Set Record Lows as Investors Lose Faith
The bonds from some real-estate companies are trading below 10 cents on the dollar, reflecting a loss of investor confidence after a series of defaults that have shortchanged investors. ( read original story ...)
Hong Kong’s steep slide shows misplaced priorities
GDP 4.5% from a year earlier as consumers and companies slashed spending. The government is trying to rally enthusiasm for its finance sector - as signaled by the flagship Fintech Week and Global ... ( read original story ...)
China’s property crash sends billionaire founders heading to exits
Defaults, failure to deliver homes on time and an unrelenting market sell-off. Now builders’ founders are leaving. Read more at straitstimes.com. ( read original story ...)
Hong Kong’s negative equity mortgage cases surge in Q3
HONG KONG : Cases of negative equity in Hong Kong's residential mortgage loans registered a near ninefold increase in the third quarter from the previous one, the city’s de facto central bank said, ... ( read original story ...)
Hong Kong is weighing a plan to allow retail investors to trade cryptocurrencies, potentially paving the way to real estate security token offerings
Hong Kong's government will also examine the property rights for crypto assets as well as the process for legalizing smart contracts. The city's moves could lay the groundwork for offering real estate ... ( read original story ...)
Hong Kong Hang Seng Down 1.2% on Property-Sector Declines
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 ...)