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Tag: Hong Kong

Posted on June 6, 2023

Explainer: How Hong Kong plans to test its digital dollar in $229 bln mortgage market?

Hong Kong ‘s central bank plans to test the use of its digital currency under a pilot project in its HK$1.8 trillion ($229 billion) mortgage market, with an aim to slash a month-long loan approval …

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Posted on June 6, 2023

Hong Kong police arrest 9 suspects and seize more than 1,000 cannabidiol products since the citywide ban came into force

Two tourists, among those arrested, had other types of drugs in their possession at time of arrests Police also detained 104 people in the Eastern district of Hong Kong on suspicion of fraud, money …

( read original story …)



Posted on June 6, 2023

Longfor leads surge in property developers as Hong Kong stocks hit 2-week high on China stimulus bets

Chinese developers led a rally in Hong Kong stocks as investors pushed the local market benchmark to a two-week high on speculation Beijing will inject stimulus to revive the ailing property market.

( read original story …)



Posted on June 6, 2023

US sanctions group of people and firms from Iran, China and Hong Kong tied to Iran ballistic program

The U.S. is sanctioning a network of people and firms from Iran, China and Hong Kong associated with the alleged development of Iran’s ballistic missile program …

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Posted on June 6, 2023

China’s Property Shares Surge as Investors Bet on Stimulus Hopes

REUTERS/Thomas Peter/File Photo/File Photo Reuters HONG KONG (Reuters) – China property stocks listed in Hong Kong jumped nearly 8% on Tuesday as investors clung to hopes that Beijing would roll out …

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Posted on June 5, 2023

Hong Kong finance chief considers allowing first-time homebuyers to borrow more for mortgage, rejects calls to adjust stamp duties

Financial Secretary Paul Chan says he may further ease loan-to-value ratio But Chan states government has ‘no intention’ of making any changes to city’s various stamp duties Hong Kong’s finance chief …

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Posted on June 5, 2023

Gaw Capital entices Hongkongers with discounts on China housing project near Foshan-West Kowloon high-speed rail line

A development in Foshan offers two-bedroom units to Hong Kong buyers for as little as US$124,000 amid growing cross-border Traffic on the high-speed railway from West Kowloon.

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Posted on June 5, 2023

What happened to Hong Kong? The tale of China’s squeeze, told in five pictures.

On June 4, 1989, Chinese authorities sent troops and tanks into Beijing’s Tiananmen Square to crush a student-led anti-government demonstration, killing hundreds of unarmed people. In the following decades, Hong Kong was the only place on Chinese soil where commemoration events were permitted.
Posted on June 4, 2023

China tightens access to Tiananmen Square on anniversary of 1989 pro-democracy protests

BEIJING — China tightened already strict access to Tiananmen Square in central Beijing on Sunday, the anniversary of 1989 pro-democracy protests. In Hong Kong, which had been the last Chinese-controlled territory to hold commemorations,
Posted on June 2, 2023

Redevelopment of Hong Kong’s only private low-rental housing estate pushed back further 2 years, with 2,000 flats to be available by 2029

Hong Kong Settlers Housing Corporation says current residents of Tai Hang Sai Estate will be given until March 2024 to move out and surrender units About 1,300 flats in redevelopment will be used for …

( read original story …)



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