Chinese tycoon Chen Hongtian is in discussions with lenders to retrieve assets worth HK$10 billion (US$127 million) after a ‘short-term liquidity issue’ forced him to miss mortgage payments.
Why China’s Delegate to King Charles’ Coronation Is Causing Controversy
China’s Vice President Han Zheng, who played a leading role in Beijing’s crackdown on civil liberties in former British colony Hong Kong, is set to attend the royal ceremony in the U.K.
China Embarrasses King Charles
The monarch welcomes the man who repudiated the Sino-British treaty over Hong Kong.
Hong Kong watchdog warns of potential conflict of interest between developers and management firms in private housing properties
The council study looked into the complicated legal regime governing Hong Kong’s property management, a HK$55 billion market that affected about 1.6 million people living in privately owned …
Russian gold is now flooding the UAE, Turkey and Hong Kong after facing sanctions in the West
Russia lost key Western buyers like JPMorgan and HSBC after its gold supplies were sanctioned by the G-7 and EU last year.
Finance chief Paul Chan signals optimism about Hong Kong economy and predicts growth of up to 5.5 per cent this year if global situation remains stable
Chan upbeat about city’s prospects after Legco approves Lee administration’s first budget by 82-0 majority Finance secretary says more support for domestic consumption on the cards as city fights to …
Hong Kong tax revenue drops HK$18.3 billion to HK$360.2 billion in 2o22-23; decline in property and stock market activity blamed
Latest tax income figures reverse upwards trend seen over past few years Inland Revenue commissioner says property market ‘not very active’ and sluggishness hit tax take for year Hong Kong’s tax …
Hong Kong tax revenue drops HK$18.3 billion to HK$360.2 billion in 2022-23; decline in property and stock market activity blamed
Latest tax income figures reverse upwards trend seen over past few years Inland Revenue commissioner says property market ‘not very active’ and sluggishness reduced tax take for year Hong Kong’s tax …
China Developer Jiayuan Gets HK Court Order to Liquidate Assets
Jiayuan International Group Ltd. has received a Hong Kong court order to dissolve and sell assets to repay overdue debt, the latest Chinese property developers to lose such a legal battle.
Hong Kong hotel property buying spree looms as investors bet on tourism rebound, analysts say
Investors are likely to snap up more hotels in Hong Kong as tourism slowly rebounds from Covid-19 and many owners are still prepared to offer discounts, say analysts.