Residents older than 65 years made up about 22 per cent of Hong Kong’s population of 7.5 million people in 2023, according to government data.
Shimao Cuts Asking Price for Hong Kong’s Second-Largest Hotel
Defaulted Chinese developer Shimao Group Holdings Ltd. has slashed the asking price for a Sheraton-branded hotel property near Hong Kong’s airport by a quarter, according to a person familiar with the …
Shimao slashes Hong Kong Sheraton hotel price by 25% to speed up restructuring
Mainland Chinese developer is asking HK$4.5 billion (US$579 million) for the asset, down from HK$6 billion in March 2023, according to a source.
Singapore Pulls Ahead of Hong Kong in Race to Be Crypto Hub
Singapore forged ahead with efforts to formulate a digital-assets hub in 2024, while rival financial center Hong Kong has struggled to gain traction.
Ex-Citigroup stock trader wins unfair dismissal case in Hong Kong
An Asia equity sales trader who was fired from Citigroup in 2019 won an employment suit against the US bank, Hong Kong’s Labour Tribunal ruled on Monday. Citigroup failed to justify its “summary …
Xi’s vision for Macau, Hong Kong boon to confidence amid geopolitics: Paul Chan
Hong Kong’s finance chief says Chinese president’s speech at inauguration of new Macau administration sums up ‘one country, two systems’.
China Property Flare-Ups Resurface as Crisis Enters Fifth Year
One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking lenders to extend loans. Another industry peer is selling an iconic but largely …
As Fitch upgrades ratings Sri Lanka claims it has ended debt default
With the decision by the Hong Kong based Fitch Ratings to upgrade Sri Lanka’s credit rating, the island nation has officially ended its debt default, the Finance Ministry said here on Saturday.
The Center skyscraper sale was a Hong Kong blockbuster, now buyers struggle to cash out
Take a look inside The Center, which was the world’s most expensive skyscraper when it was shrewdly sold by the city’s wealthiest man.
Distressed sales to attract investor attention in Hong Kong next year
Unsold luxury residential units are expected to be the key focus. With the accumulation of unsold inventories across sectors, the overall real estate capital market in Hong Kong has been slow in 2024 …