Sources said a few larger asset managers, eager for swift disposals, were starting to sell Hong Kong assets at discounted prices. KaiLong Group is putting two of its buildings – which both have loan facilities due this year – on the market with the deadline for non-binding bids later this month, two sources with knowledge of the matter said.
Stock market today: Asian shares fall back amid selling of China property shares
Shares fell back Tuesday in Asia after U.S. markets were closed for the Labor Day holiday. U.S. futures also were lower and oil prices were mixed. Hong Kong fell more than 1% as Chinese property stocks declined as investors sold to lock in gains fueled by recent efforts to support the ailing industry.
Yes, There Is a Bull Case for Investing in China
The basic case is that China is cheap. MSCI China, which includes Hong Kong stocks, trades at just 10.8 times the next 12 months’ earnings, about half the 20 times earnings of both the S&P 500 and …
Stocks down as traders await more China economic support measures
Equities fell Tuesday, with traders unable to build on the previous day’s rally as they await fresh measures out of China to stimulate the economy and support the creaking property market.”This suggests the potential for a sustained rally in both Hong Kong and mainland Chinese equity markets in the near term.
Country Garden: Property shares jump on debt reprieve
Shares in Chinese property firms have jumped after developer Country Garden reportedly secured an extension to a key debt payment deadline. Major home builders including Country Garden and Evergrande saw their shares rise in Hong Kong on Monday. Investors also welcomed moves by Beijing to step up its support for the faltering economy.
Iran Earns First Win at 2023 Asian Women’s Volleyball Championship
TEHRAN (Tasnim) – Iran edged past the Philippines 3-2 (22–25, 25–22, 25–21, 24–26, 15–12) in the 2023 Asian Women’s Volleyball Championship on Sunday. Iran will play Hong Kong in Pool H on Monday.
Hong Kong should prepare for rapid AI uptake by ramping up education technology, former finance chief John Tsang says
Former finance chief John Tsang also says Hong Kong should be considered gateway for field encouraging more tech solutions in classrooms.
Hong Kong should prepare for rapid AI uptake by ramping up education technology, former finance chief John Tsang says
Former finance chief John Tsang also says Hong Kong should be considered gateway for field encouraging more tech solutions in classrooms.
Falling Prices in China Could Be a Boon For the U.S.: Kiplinger Economic Forecasts
Falling prices in China are good for countries dealing with elevated inflation, most notably the U.S., India, Germany and the Netherlands. In places where inflation is already low — Hong Kong, Japan, and South Korea — import prices could fall, on average.
Japan’s old abandoned houses, or akiya, draw Hong Kong, foreign buyers looking for a bargain holiday home to let
Lying vacant in mainly rural areas, Japan’s 8 million or so akiya can often be snapped up for a fraction of the price of a new or lived-in property in a housing market that is already cheap compared …