Some wealthy Chinese have been selling their high-end homes in Hong Kong, one of the world’s most expensive luxury property markets, at fire sale prices this year.
China’s vice premier vows to boost Hong Kong competitiveness, says stimulus push has ‘benefited’ the city
Chinese Vice Premier He Lifeng and several top financial policymakers have gathered at the third Global Financial Leaders Investment Summit.
China Mobile in Talks to Buy Hong Kong Tower Seized From Tycoon
China Mobile Hong Kong is in talks to buy commercial property in Hong Kong once owned by struggling tycoon Chen Hongtian, according to people familiar with matter.
Hong Kong’s Tycoons Are Selling Trophy Homes at Fire Sale Prices
China’s economic downturn has not been kind to the ultrarich who made their wealth on its rise. In their haste to cough up cash, Hong Kong’s luxury property market has had some fire sales.
How Beijing Took Control of Hong Kong’s Financial Hub—and Left the West Behind
The world’s pre-eminent East-meets-West investment hub has become more Chinese as international financial institutions, corporations, and expatriates retreat …
Lui Che-woo, Hong Kong property and casino magnate of K. Wah and Galaxy, dies at age 95
Lui Che-woo (pic), who rose from humble beginnings to become one of Asia’s biggest casino magnates, with a portfolio of hotels, resorts and property in Hong Kong and Macau, has died. He was 95.
Hong Kong residential property prices to rebound next year, though unsold inventory looms
Residential property prices in Hong Kong are set to rebound next year thanks in large part to lower interest rates, though a large cache of unsold inventory will keep a cap on gains.
BNP lays off a dozen China dealmakers amid fee plunge
France’s BNP Paribas has cut a dozen jobs in mainland China and Hong Kong, a source with knowledge of the matter told Reuters, the latest among global banks to trim headcount amid a slowdown in …
What could Trump’s return, and his tariffs, actually mean for China?
this may turn out to be better for China,” Chen Zhiwu, the top finance professor at the University of Hong Kong and a former professor at Yale University, told CBS News. Chen said if Trump does follow …
What could Trump’s return, and his tariffs, actually mean for China?
this may turn out to be better for China,” Chen Zhiwu, the top finance professor at the University of Hong Kong and a former professor at Yale University, told CBS News. Chen said if Trump does follow …