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Tag: Hong Kong

Posted on August 26, 2023

Hong Kong’s Paul Chan brushes aside concerns over fiscal viability of Lantau Tomorrow, Northern Metropolis megaprojects

Financial Secretary Paul Chan Mo-po on Wednesday described the Lantau Tomorrow Vision and Northern Metropolis megaprojects as “the golden key” to economic development and boosting Hong Kong’s housing …
Posted on August 25, 2023

Hong Kong Perpetual Bonds Slump in Sign of China Property Contagion

Perpetual dollar bonds sold by several Hong Kong-based companies have recently suffered their largest weekly declines in years, a sign of contagion from China’s property sector woes.Most Read from …

( read original story …)



Posted on August 24, 2023

Neighbors of Japan, including South Korea and China, express fear as treated radioactive wastewater released

Residents from South Korea, China, Hong Kong, and Macau are considering removing seafood from their diet over fears of how Japan’s nuclear waste release may contaminate the ocean.
Posted on August 24, 2023

Neighbors of Japan, including South Korea and China, express fear as treated radioactive wastewater released

Residents from South Korea, China, Hong Kong, and Macau are considering removing seafood from their diet over fears of how Japan’s nuclear waste release may contaminate the ocean.
Posted on August 24, 2023

China central bank boosts offshore bill sales to stabilise yuan, says ex-official

Increased yuan bill sales by China’s central bank in Hong Kong this week helped tighten liquidity in the offshore market to help stabilise the yuan by making it expensive for speculators to short the currency,
Posted on August 24, 2023

AIA Insurance Business Grows as China Travels After Pandemic

AIA Group Ltd. posted a jump in the value of new business as the exit of Hong Kong and China from pandemic restrictions helped support the insurer’s key gauge of profitability.
Posted on August 23, 2023

Hong Kong Megamansion Hits the Market for HK$2.2 Billion, the City’s Priciest Listing

“Now that the city is open again, Hong Kong Chinese and mainland Chinese are actively buying for self use. As prices soften, we expect activity to increase as buyers [secure] property for self use at …

( read original story …)



Posted on August 23, 2023

China stocks fall despite share buyback rush; Hong Kong up

China stocks fell on Wednesday as investors stayed cautious amid a deepening crisis in the country’s real estate sector and as a raft of share buybacks did little to boost confidence. Hong Kong stocks …
Posted on August 22, 2023

Hong Kong Investor Starts Property Fire Sale After Wife Arrested

A Hong Kong businessman whose wife was recently arrested in Vietnam has emerged as the latest desperate seller in the city’s increasingly turbulent property market.

( read original story …)



Posted on August 22, 2023

Is Hong Kong’s Lantau Tomorrow Vision too optimistic? Survey respondents fear financial burden, consultation reveals

Some 60 per cent of people polled during a three-month public consultation still support mega project Plan is to build three artificial land masses off Lantau Island that will become city’s third …

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