Hundreds of executives, diplomats and foreign business chambers congregated at Hong Kong’s landmark M+ art museum over canapés and cocktails last month with a clear mission – reinvigorate appeal for the financial hub.
Hong Kong eyes stronger ties with Thailand to boost its economic growth in Southeast Asia
Thailand and Hong Kong have agreed to promote more business exchanges as Hong Kong seeks more economic opportunities in Southeast Asia.
China’s Country Garden says might not meet all debt obligations
Debt-saddled Chinese property giant Country Garden said Tuesday that it did not expect to meet all of its offshore payment obligations in time as it edges towards a potential default.But in a filing with the Hong Kong Stock Exchange,
Resorts World Cruises adds Vietnam and Philippines to sailings
Resorts World Cruises has added Vietnam and the Philippines to Resorts World One’s five-night cruises itinerary departing from Hong Kong.
Hong Kong gov’t expected to face larger deficit than expected, as finance chief cites weak land sales
The Hong Kong government is expected to face a larger deficit than expected this year, finance minister Paul Chan has said, citing poor land sales amid a struggling property market. Speaking on a Commercial Radio program on Sunday,
Hong Kong Developers Struggle as U.S. Federal Reserve’s Monetary Policy Adds Financial Pressure
The Fed’s interest rate hikes are strengthening the US dollar, which is pegged to the Hong Kong dollar, putting pressure on emerging market currencies and making Hong Kong property less affordable.
Hong Kong must act before ‘deep correction’ in property market: Midland analyst
Hong Kong should move to restore confidence in its property market before it enters a “deep correction”, an analyst said after a lacklustre forecast was made for 2023. Hong Kong recorded 8,792 …
Hong Kong stocks have worst day in three months on worries about rates and real estate
Real estate stocks were once again among the heaviest losers in Hong Kong. Country Garden, one of the country’s largest property developers, sank 4.4%. Its property services arm was down 7.1%.
Golden Week Holiday Puts A Dim Shine On China’s Recovery Prospects
China’s national Golden Week Holiday at the start of October provided a bit of a boost to spending but fell short of government expectations. Stocks were subdued in China and Hong Kong Monday …
Indonesia’s Prabowo Subianto to ensure ‘continuity’ in policies if he becomes president, brother Hashim Djojohadikusumo says
Continuity’ means Indonesia will remain neutral amid ‘great-power competition’, says Hashim Djojohadikusumo at the Post’s Hong Kong-Asean Summit 2023 Chinese investment is also important to …