Property developer stocks had a rare day of outperformance in the Hong Kong market amid hopes that more policy support is on the way.
Commercial property crisis looms in Hong Kong as shrinking values squeeze developers
Capital value of commercial property set to fall by up to 10 per cent this year, with office and shop rents also slipping, JLL says.
Wynn Resorts and its Macau subsidiary lose their bull rating at Citi
Wynn Resorts (NASDAQ:WYNN) slipped in early trading on Wednesday after Citi lowered its rating on the casino stock and its Hong Kong-traded subsidiary. Analyst George Choi downgraded Wynn Resorts …
Hong Kong’s Henderson Land to raise $1 billion through convertible bonds
Henderson Land Development is raising HK$8 billion ($1.02 billion) through convertible bonds for general corporate purposes and refinancing, the Hong Kong property developer said. The convertible bond …
U.S. issues additional Iran-related sanctions, Treasury website shows
The United States imposed sanctions on 22 companies in Hong Kong, the United Arab Emirates and Turkey on Wednesday for their roles in helping sell Iranian oil, the Treasury Department said.
Hong Kong economy’s ‘mixed signals’ portend retail-sector ‘turbulence’, analysts say
Shops keep closing despite retail sales growth but certain sectors show ‘leasing velocity’, while both tourist numbers and unemployment rise Hong Kong’s retail industry will experience mixed fortunes …
Hong Kong Billionaire Richard Li’s Insurer FWD Debuts In Long-Awaited IPO
Hong Kong billionaire Richard Li’s insurer FWD Group saw its shares close flat in the company’s long-awaited Hong Kong stock market debut Monday, marking the culmination of the company’s nearly five …
Ardonagh buys majority stake in Hong Kong’s Apex Insurance
Apex offers insurance broking and agency services to SMEs, focusing on various areas such as general liability.
Retail rents in Hong Kong under pressure after vacancy rate hits 4½-year high
Trend of residents travelling to mainland for leisure and change in local consumer patterns has led many businesses to opt for short-term leases.
China, Hong Kong stocks weaken as US tariff deadline looms
HONG KONG: China and Hong Kong stocks fell on Monday as anxiety over US trade policy intensified ahead of the July 9 deadline, with upcoming inflation data expected to further test investor nerves. As …