By Mokhi Sultanova in Tashkent Hong Kong’s three-day trade mission to Uzbekistan led by the territory’s Chief Executive John Lee on June 6 concluded with 23 signed agreements spanning finance, …
Hong Kong’s second-largest hotel, controlled by family of billionaire Hui Wing Mau, risks being seized by banks
A group of banks is moving to seize a Sheraton-branded hotel property in Hong Kong, controlled by the family of billionaire Hui Wing Mau, after owner Shimao Group Holdings defaulted on a HKD4.5 …
Hong Kong’s second-largest hotel risks being seized by banks — Bloomberg
A group of banks are sait to be moving to take over a Sheraton-branded hotel property near Hong Kong’s airport after its owner Shimao Group Holdings Ltd defaulted on a HK$4.5 billion loan.
Why China’s tighter grip on outbound capital may test Hong Kong’s housing rebound
Beijing’s latest efforts to tighten oversight of cross-border capital flows have sparked concerns that a reduction in mainland demand for Hong Kong homes could impact the city’s recovering property …
Hong Kong Forges New Opportunities with Kazakhstan and Central Asia
A large delegation, led by John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), is visiting Kazakhstan and Uzbekistan (June 1-6) to forge closer ties with Central Asia.
Hong Kong media groups sign Kazakhstan deals to deepen journalism, business ties
SCMP’s pact with Kazakhstan’s financial hub will foster investment, innovation and cross-border partnerships, publisher Tammy Tam says Two Hong Kong media organisations have joined forces with one of …
Kazakhstan and Hong Kong Open New Chapter in Bilateral Relations
The two sides also discussed financial cooperation, including the possibility of raising capital through Chinese and Hong Kong financial markets, establishing joint investment funds and expanding the …
Chinese curbs risk derailing record Hong Kong home-buying spree
Demand for luxury homes could fall as the tougher rules weigh on buyers’ ability to pay deposits. Read more at straitstimes.com. Read more at straitstimes.com.
Closure of Hong Kong’s Casa Hotel tied to student-housing trend after failed sale attempts
Move comes as hotel-to-dormitory conversions gather pace, even as some owners wait for asset values to rebound, property consultant says.
China Cracks Down On Overseas Investing After Record $1 Trillion Capital Flight To US, Hong Kong Markets
China has imposed restrictions on cross-border trading after the data showed Chinese money is flowing out of the mainland at a record pace into the U.S. and Hong Kong markets. Massive Capital Outflows …