The Hong Kong government will have to cut costs in the coming years, finance minister Paul Chan has said, adding that he was unable to rule out a deficit continuing into the next fiscal year under …
Indian, Hong Kong customs unearth trade-based money laundering case
In an exemplary case of bilateral cooperation and exchange of information, this crackdown showcases investigation and enforcement actions taken by both administrations under their respective laws to …
Hong Kong’s Commercial Property Market Faces Ongoing Challenges in 2024
According to JLL’s newly released Year-End Property Market Review and 2024 Forecast, Hong Kong’s commercial property leasing and investment markets experienced a slower-than-expected improvement in …
China’s economy was supposed to be the comeback story of 2023. The lowest-ever foreign stock purchases didn’t help make that happen.
Foreign funds bought 44 billion Chinese yuan of mainland stocks via stock connect programs with Hong Kong — the lowest ever, per Bloomberg.
Hong Kong property agents told to warn homebuyers of the risks of buying off-plan units in mainland China, overseas markets
Estate agents in Hong Kong have been told they must warn people eyeing houses in mainland China and overseas markets of the risks associated with buying off-plan, which include units left unfinished …
New World and China Resources to build $1.3 billion Hong Kong housing development
Hong Kong’s New World Development and Chinese state-backed China Resources Land said they will jointly build a $1.3 billion housing project in the financial city’s “Northern Metropolis” next year. In …
Hong Kong’s US$1.3 billion Northern Metropolis property JV shows CR Land’s support for city’s development, says chief
A HK$10 billion property development venture in the city’s Northern Metropolis indicated Beijing-controlled China Resources Land’s support for Hong Kong’s economic development, the chief of the …
New World Teams With Chinese State Firm for HK Property Project
New World Development Co. is partnering with Chinese state-owned developer China Resources Land Ltd. to build a residential project in Hong Kong’s Northern Metropolis, underscoring the increasingly …
Macau among top five richest regions, Hong Kong ranks 12th – Survey
Macau has been ranked as the fifth wealthiest region in the world, with its per-capita gross domestic product (GDP) based on purchasing power parity (PPP) …
Exclusive | State-owned China Resources teams up with Hong Kong’s New World to develop US$1.3 billion Northern Metropolis residential project
In the initial phase of cooperation, China Resources, through its Hong Kong-listed property unit China Resources Land, has agreed to invest in a plot of land owned by New World Development, according …