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,
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.
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 …
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 …
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.
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 …
Chinese Developers Owe $137 Million to Hong Kong Property Agency
Several Chinese developers owe more than 1 billion yuan ($137 million) in commission fees to property agency Centaline’s mainland China unit, the Hong Kong company said in a statement.
How Singapore’s stablecoin rules could boost crypto’s ‘mainstream’ banking role
Industry executives say the proposed rules by the Monetary Authority of Singapore are timely and will boost investor confidence Recent moves by Hong Kong and Europe on rules governing stablecoins will …
Open House: Hong Kong Sea View Mansion Eyes Ambitious $281 Million Sale
This story is the first of Bloomberg’s Open House series, featuring some of Hong Kong’s most interesting homes.A developer is seeking to sell a huge mansion in Hong Kong for HK$2.2 billion …
Hong Kong seaview mansion eyes ambitious $382 million sale
HONG KONG – A developer is seeking to sell a huge mansion in Hong Kong for HK$2.2 billion (S$382 million), a price that would that make the property among the city’s most expensive transactions, at a …