The Hong Kong stock exchange says trading of shares of heavily indebted Chinese property developer China Evergrande Group has been suspended.
Chinese tycoon Chen Hongtian’s seized luxury Hong Kong flat sells for US$53 million, 39% below market price
A 5,154 sq ft flat in Opus Hong Kong, seized from Chen Hongtian earlier this year, has sold for US$53 million to Kwai Sze Hoi, chairman of Hong Kong-listed Ocean Line Port Development, sources say.
Don’t write off Hong Kong and mainland China despite headwinds, Post’s ‘Redefining Hong Kong’ conference hears
Hong Kong and mainland China might be facing headwinds currently, but investors should not write them off as investment opportunities still abound, analysts say at a family office conference hosted by …
US Issues New Iran-Related Sanctions, Treasury Website Shows
WASHINGTON (Reuters) – The United States imposed new Iran-related sanctions on Wednesday on individuals in China and Iran and entities in Turkey, the United Arab Emirates and Hong Kong, the Treasury Department’s website showed. Copyright 2023 Thomson Reuters.
Will Singapore or Hong Kong finance the South’s next transition?
Within Asia, the richer and aging North East Asia (Japan, South Korea, China, Taiwan, Hong Kong SAR) are huge net savers, with net investment surpluses (including Singapore), amounting to $10.4 …
China’s Alibaba kicks off restructuring with plan to list logistics arm in Hong Kong
Alibaba Group on Tuesday kicked off its restructuring with a plan to list its logistics arm Cainiao in Hong Kong that would make the unit the first to be separated since the Chinese e-commerce giant …
Thai supermarket chain Big C delays dual Hong Kong and Bangkok listing until 2024, when ‘economic activities will be better’, CEO says
Latest acquisition in Hong Kong will pave the way for cooperation with leading companies in the city and mainland China, CEO says during inauguration of Big C flagship store in Tsim Sha Tsui district …
China urges countries to boycott Hong Kong media freedom event – document
China is pressing countries to boycott a British-organised event at the United Nations in Geneva on media freedom in Hong Kong with the son of a jailed media tycoon, a letter showed and four diplomats confirmed on Tuesday.
Evergrande stocks have tanked 27% this week, suggesting the worst is far from over for China’s property sector
Evergrande is valued at 5.3 billion Hong Kong dollars now — way down from 2017 when it was worth nearly 80 times that number.
Will Hong Kong or Singapore finance the Global South’s pressing needs if the rich North won’t?
Although Hong Kong and Singapore have very large banking systems, the Basel rules on capital, liquidity and total leverage caps have on the whole made banks much more cautious in taking risks to …