Property transactions are expected to fall to historic lows this year, with the first half of the year affected by Covid-19 lockdowns and the second half hit by rising interest rates.
Hong Kong: Property sales to be at 27-year low
With the prospective buyers hit by Covid curbs and high interest rates, property transactions in Hong Kong are expected to fall to historic low this year.
Hong Kong opens doors for financial cooperation with public, private sectors in Philippines
While it is a small city, Hong Kong is a force to be reckoned with in the global financial market. At present, it has already reached $4.6 trillion in assets under management (AUM) alone, Hong Kong’s …
9 in 10 professionals say open finance has positively impacted the financial industry
They said it made the industry more collaborative. Professionals at financial institutions in Singapore view “open finance” more positively compared to their peers in Hong Kong and around the globe, a …
China demands foreign diplomats provide floor plans of Hong Kong missions
China has demanded the floor plans of all properties rented by foreign missions in Hong Kong, in a move diplomats believe reflects Beijing’s paranoia about overseas interference in the Asian financial …
Chinese Property Props Up Plunging Hong Kong Stocks
The Hang Seng Index closed at an 11-year low, with losses in financials and tech, although piecemeal property measures out of Beijing temporarily boosted developers.
Coronavirus: departed companies not looking back, Hong Kong’s largest business chamber warns, urging lower threshold for talent scheme
Hong Kong General Chamber of Commerce CEO George Leung says even if travel curbs fully eased, results and recovery will only come in first quarter of next year.
Hong Kong property sales post modest results in October debut as homebuyers await new policies, expect further rate increase
Local homebuyers are taking a wait-and-see approach ahead of major policy announcements in Hong Kong and the mainland, and a further rise in interest rates.
Hong Kong’s Restart Prompts Warnings Over Rising Corporate Travel Costs
Travel management companies are warning airfares will continue to surge following Hong Kong’s decision to relax travel restrictions.
Hong Kong legal sector must seize on unique strengths of ‘one country, two systems’ to seek more business in mainland China: justice minister
Secretary for Justice Paul Lam tells legal forum ‘to make good use of Hong Kong’s unique status under one country, two systems’ Minister adds new law allowing local courts to enforce civil and …