Asia Top News and Analysis Hong Kong

  • Hong Kong skyline

    Shares of Sun Hung Kai Properties, Asia’s largest real estate developer, tumbled 12 percent on Friday after the company’s billionaire owners were arrested on suspicion of corruption.

  • Low-cost airline Jetstar Pacific taxiing at Hanoi's Noi Bai international airport.

    Qantas’ planned joint venture with China Eastern Airlines could run into regulatory headwinds in Hong Kong, according to an expert on aviation policy but the airline says it's confident of getting approval.

  • Hong Kong skyline

    The ultimate aim of Hong Kong’s “mini” constitution called the Basic Law is that the chief executive of the city should be elected by the people. Beijing has set a date for this – 2017 when the fifth chief executive election takes place.

  • Hong Kong chief executive candidates Leung Chun-ying (L), Henry Tang (C) and Albert Ho (R) pose for a picture before a chief executive candidates forum in Hong Kong on March 16, 2012.

    It’s the dirtiest, nastiest election yet in Hong Kong’s short modern history as a part of China. The race between Henry Tang and Leung Chun-ying has decomposed into mudslinging over Tang’s infidelity, illegal construction, and Leung’s alleged ties to organized crime, commercial conflicts of interest, and allegations that he advocated draconian police crackdowns on protestors nearly a decade ago.

  • Rolls of steel

    As China’s construction boom slows, steel mills across the country are scrambling to find ways to bolster profits, and one has hit on an unusual strategy: raising pigs.  The FT reports.

  • Mining

    Indonesian Trade Minister Gita Wirjawan told CNBC on Tuesday that Southeast Asia's largest economy was not adopting protectionist policies and was only following in the footsteps of other developed countries.

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    Hong Kong has unseated London as the world’s most expensive place to take up office space, highlighting the growing appetite from banks to increase their presence in Asia, the FT reports.

  • HSBC

    HSBC is expected to report the West's biggest banking profit for last year, fuelled by the East, while its rivals are struggling with faltering European and U.S. growth.

  • This file photo taken on March 1, 2010 shows people standing near the entrance of the AIA tower in Hong Kong. US insurer AIG said its Asian unit AIA would likely book an annual operating profit of at least two billion USD as the subsidiary prepares to list in Hong Kong, it was reported on September 27, 2010.

    AIA Group, Asia's No.3 insurer, reported a 40 percent rise in value of new business (VONB) in the year ended Nov. 30, 2011, helped by strong growth in Singapore, China and Malaysia.

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    Losing mainland shoppers could spell trouble for Hong Kong’s retail and real estate sectors, which over the past five years have become increasingly reliant on it.

  • A woman looks at advertisments in the window of an estate agency in Hong Kong, China.

    Increasing numbers of foreigners calling Hong Kong home are lifting rental prices in the city's already expensive real estate market, pushing the city to become the most expensive place to rent high-end property.

  • Five Construction Cranes

    China's Sany Heavy Industry will revive its $3.3 billion Hong Kong share offering in the second quarter, the South China Morning Post reported on Friday, citing sources close to the deal.

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    Chinese e-commerce group Alibaba may take its Hong Kong-listed unit private at about the price of its 2007 initial public offering for about HK$18 billion ($2.3 billion), the Hong Kong Economic Times reported on Thursday, citing sources.

  • Mainland Chinese who have a second child in Hong Kong will be fined for breaching China's one-child policy, Chinese media quoted a family planning official as saying, as mainland Chinese women flock to the former British colony to give birth.

  • Australia beat out the United States and Singapore to take top place among expatriates as an ideal residence for quality of life and career prospects, according to an international survey released on Thursday.

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    Hutchison 3G, a unit of Hong Kong conglomerate Hutchison Whampoa, has agreed to buy Orange Austria from France Telecom and a private equity firm in a deal valued at 1.3 billion euros ($1.7 billion) including debt.

  • High rise buildings are seen through haze as tourists stroll along the waterfront in Hong Kong, China.

    Even as Hong Kong on Wednesday unveiled $10.3 billion worth of measures to support its struggling economy, ranging from tax rebates to property levy waivers, analysts say the territory needs more than a financial boost to make it more livable.

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    Global PC shipments declined 1.4 percent in the last quarter of 2011 mainly due to weak demand in Western Europe and the United States, according to research firm Gartner.

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    Multi-billion dollar corruption in India and a whopping 36 percent cut in the salary for Singapore's prime minister have once again raised the question: How much should politicians be paid?