A mystery buyer splurged HK$150 million (US$19.3 million) to snap up 26 new flats in Hong Kong’s Kai Tak district in a one-day shopping spree. The flats were acquired in projects such as Double Coast …
A Hong Kong Property Dynasty’s Perpetual Dilemma
Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.
Hong Kong residential transactions hit five-month high of 4,697 units in October
The total sales value was over HK$37 billion. Following the US cutting interest rates in November by another 0.25%, six major Hong Kong lenders lowered their prime lending rates for a second time this …
Kyrgyzstan seeks to raise more funds via Hong Kong
Kyrgyzstan is seeking more investment to facilitate its domestic infrastructure development eyeing the financial hub Hong Kong as an important gatewa …
Exclusive: China regulators tell banks to expedite offshore company listings, sources say
Regulators in mainland China and Hong Kong have told some of the world’s biggest investment banks to help speed up Chinese companies’ listings in the city, said sources, in a bid to boost fundraising overseas and revitalise the world’s No.
New World faces risk of mounting losses amid Hong Kong property slump
New CEO Huang has to grapple with looming losses on costly projects in a market downturn Echo Huang Shaomei, the newly appointed CEO of heavily indebted New World Development (NWD), is facing a host …
How Markets Are Reacting After China Signals More Forceful Stimulus
China’s leaders indicated they would step up support for the economy, employing language they haven’t used since the depths of the global financial crisis. Here’s how markets responded: Hong Kong’s …
Hong Kong court dismisses petition to liquidate Chinese developer Shimao Group
China’s Shimao Group said on Monday that the High Court in Hong Kong dismissed a petition seeking the liquidation of the embattled property developer. The petition was filed by China Construction Bank …
Hongkongers pour fresh capital into Japan’s booming hospitality sector
The favourable view of Japan’s hospitality sector is underpinned by the country’s improving economic prospects From individuals to large companies, Hong Kong-based investors are flocking to Japan’s …
China’s Trustar raises $1 bln for vehicle that holds McDonald’s China stake, sources say
Trustar Capital has raised $1 billion for a continuation fund that will hold the Chinese private equity firm’s controlling stake in McDonald Corp’s operations in mainland China and Hong Kong, two sources with knowledge of the matter said.