Evergrande’s announcement that it will be delisted from the Hong Kong stock exchange is another sign that there’s no recovery for China’s property sector.
Fire sales and defaults deepen Hong Kong commercial real estate crisis
Hong Kong’s debt-laden developers and their creditors are set to face intensifying financial pressure as bond maturities are slated to jump by nearly 70 …
In cramped, sweaty Hong Kong, climate change is making things worse for the poorest
On a sweltering summer afternoon in Hong Kong, Yeung Fong-yan’s flat felt like an oven. Her air conditioner ran at full blast, but the tiny, tin-roofed room still baked in the heat, with a thermometer …
Hong Kong stablecoin rules to upgrade city’s trade-finance role: UAE digital banker
City could rebuild its role in expediting trade between mainland China and global markets, CEO of United Arab Emirates’ Zand says Hong Kong’s Stablecoins Ordinance marks a significant milestone, as …
Innogen’s shares almost quadruple in Hong Kong trading debut amid pharmaceutical bull run
Trading under the stock code 2591, Innogen’s shares first changed hands at HK$72 on Friday, almost four times more than the initial public offering (IPO) price of HK$18.68 despi …
Hong Kong billionaire targeted with baseless mansion sale claims
The family of Hong Kong’s wealthiest man Li Ka-shing said his old mansion in the Chinese city has not been listed for sale, refuting rumours that surfaced online as his conglomerate is caught in a …
Uzbekistan, Hong Kong Move To Establish Direct Flights
TASHKENT, Uzbekistan, August 14. Deputy Minister of Transport of Uzbekistan, Jasurbek Choriyev, met with Chang Man Hin, Deputy Cha …
Tropical storm Podul disrupts travel and schools in southern China
Tropical storm Podul dumped torrential rain on southern China on Thursday, and caused widespread disruption in Hong Kong after tearing through Taiwan and leaving 143 people injured.
China’s property crisis icon Evergrande will delist following debt woes
The severely indebted real estate developer China Evergrande, already in the process of liquidation, said on Tuesday it will be delisted from Hong Kong’s stock exchange on Aug. 25, another setback to …
Road King to become first Hong Kong developer to default on bond as pressure mounts
Some bondholders of Hong Kong developer Road King Infrastructure have not received coupon payments after a 30-day grace period expired on Tuesday, adding to risks in the domestic property sector amid …