HONG KONG (Reuters) -Shares and bonds of Hong Kong property developer New World Development surged on Thursday after a media report on a potential take-private deal. Financial news provider Octus …
China Eyes RMB Stablecoin To Challenge Dollar Dominance After CBDC Plans Stall
China is pivoting from its digital yuan (e-CNY) to explore stablecoins amid growing use of USDT and USDC in trade. Hong Kong has passed new …
Hong Kong’s New World shares surge on report of take-private deal talks
Shares of Hong Kong developer New World Development rise sharply following reports of negotiations for a take-private deal with Blackstone, potentially worth up to $2.5 billion. Insights into the …
Real estate investor Cohen & Steers increases exposure to Mainland China and Hong Kong
Jon Cheigh of Cohen & Steers has increased exposure to China as they see fundamentals bottoming. He also says most developed markets have gone through yield curve repricing and that valuations have …
Hong Kong’s residential property transactions fall in July from a month earlier
Residential property transactions in Hong Kong fell in July after hitting a seven-month high in June, though activity remains steady, with analysts expecting a rebound in the second half of this year.
Analysis-As Evergrande faces delisting, China property debt revamp drags on
By Clare Jim HONG KONG (Reuters) -China Evergrande Group looks set to be kicked off the Hong Kong exchange next month after failing to revamp its debt and being pushed into liquidation, with the …
Chinese independent oil companies in Iraq
The small Hong Kong-listed company, which produces oil and gas in Pakistan and China’s Liaohe oilfield, produces around 120,000 barrels per day of oil in Iraq’s block 9, the largest among the …
Is Saudi Arabia the next Dubai for Hong Kong and mainland Chinese property investors?
Saudi Arabia could replicate the success of Dubai in attracting foreign property investors, including those from Hong Kong and mainland China, following the kingdom’s relaxation of homebuying rules, …
China Mobile buys over 14% stake in HKBN for $138 million
China Mobile , the world’s biggest wireless carrier by users, said on Monday it had bought a 14.4% stake in Hong Kong-based broadband service provider HKBN for HK$1.08 billion ($137.58 million).
Hong Kong’s struggling office market drags down HSBC’s earnings
In its latest earnings report, HSBC chalked up a less-than-stellar performance in Q2 to a struggling Hong Kong office market.