New World Development (OTCPK:NDVLY), a prominent Hong Kong property developer under financial strain, faces a pivotal moment Monday as a $5.05 million interest payment comes due on a …
Hong Kong can do more to fuel yuan’s international ascent, HSBC co-CEO says
City should scale up yuan-denominated trade finance and participation in stock and bond markets, David Liao says Hong Kong can be a crucial partner in the continued and orderly opening of mainland …
Hong Kong to release new digital asset policy
Financial Secretary Paul Chan said Hong Kong was set to unveil its second policy statement on digital assets this June, expanding crypto use cases.
Shein’s planned Hong Kong listing to benefit from wider capital pool, analysts say
Shein’s planned listing in Hong Kong will help the online fast-fashion retailer avoid sharp investor scrutiny of its supply chains while tapping into capital from the mainland and emerging market …
When pegs fly: Trump-induced turbulence hits Hong Kong dollar, interest rates
U.S. President Donald Trump’s erratic policies are rattling a currency peg that has withstood the test of time and is seen as an anchor for China and Asia.
World’s Top Carry Trade Renews Debate Over Hong Kong Dollar Peg
An unprecedented disconnect between Hong Kong and US interest rates is fueling the world’s top-performing carry trade — and stoking a fresh debate about the long-term appeal of the city’s pegged …
Should Hong Kong hit Redhill Peninsula homeowners with heavier fines for illegal works?
Lawmaker warns HK$110,000 penalty for two property owners at luxury Redhill Peninsula estate ‘not a good message’ for public.
Japan’s chief meteorologist calls rumors of a July earthquake a hoax and urges people not to worry
Rumors in Hong Kong and other Asian cities of a major earthquake or a tsunami in July in Japan have led to flight cancellations and reductions in service, affecting tourism.
New World’s Luxury Ambition Collides With Hong Kong Property Downturn
In a gentrifying neighborhood near a picturesque marina, the ambition of a troubled Hong Kong property developer is colliding with harsh economic realities. Deep Water Pavilia has all the high-end …
$11.2 Billion or Bust? New World’s Debt Deadline Could Rock Hong Kong’s Property Market
The urgency stems from a ticking clock on New World’s existing debt covenant. Miss it, and the already distressed prope …