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Asia Top News and Analysis Hong Kong

  • Hong Kong skyline

    Mortgage rates in Hong Kong, which have jumped nearly 200 basis points (bps) over the last 6 months, could rise to as much as 4.5 percent by the end of 2012, according to Barclays Capital, making it much harder for first-time homebuyers to enter the market.

  • Man with wings

    Great new ideas are only the first link in a chain that includes government and corporate allies in an economy that supports risk.

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    When Pershing Square founder Bill Ackman advocated buying Hong Kong dollar call options Wednesday, I was a bit surprised that such things even exist.

  • Bill Ackman: Betting on Hong Kong

    William A. Ackman, Pershing Square Capital Management shares his strategy behind investing in Hong Kong and why he sees a 100 times return on investment. He explains there is less risk in owning the Hong Kong dollar vs the U.S. dollar.

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    Bill Ackman's idea that the Hong Kong dollar will appreciate by as much as 30 percent against the US dollar got a strong reaction at the Delivering Alpha conference and on Twitter this afternoon.

  • Hong Kong Dollar bills featuring an image of the Bank of China Building. There are growing calls for an end to the peg with the U.S. dollar.

    Link to the U.S. dollar is forcing Hong Kong to import ultra-loose monetary policy amid soaring property prices, but the alternatives also carry risks. The Financial Times reports.

  • Hong Kong Dollar bills featuring an image of the Bank of China Building. There are growing calls for an end to the peg with the U.S. dollar.

    A milestone of sorts was reached this month when the dollar hit a multiyear low on a trade-weighted basis and set record lows against Asian currencies. As a result, Hong Kong citizens are increasingly turning their backs on the US dollar and momentum to reject the dollar peg is developing. The Financial Times reports.

  • Models stand next to cabinets displaying limited edition watches at the opening of a Chow Tai Fook store in Hong Kong.

    China's biggest jewelry chain plans to list soon on the Hong Kong stock exchange, leading analysts and investors to speculate over what kind of valuations it would bring and whether it would be oversubscribed.

  • Hong Kong skyline

    Amid a marked slowdown in transactions from local Hong Kong buyers, mainlanders may be the saving grace for Hong Kong property agents, who otherwise face long days by a quiet phone. The number of sales & purchase agreements signed in July was down 37 percent from June — and 51 percent compared with July last year.

  • Japan takes the top spot in Asia in a global survey that measures expatriates' net take-home pay, with South Korea coming in second and Hong Kong a surprise number 10.

  • People queue to buy iPad 2 at an Apple store on May 6, 2011 in Shanghai, China.

    Apple’s sales in greater China have for the first time overtaken those of Lenovo, the world’s third-biggest personal computer maker by shipment volume, results from the two companies confirm. The FT reports.

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    Lenovo Group, the world's No.3 PC brand, reported a near doubling of its first-quarter net profit, beating expectations due to acquisitions and growth in emerging markets in key markets such as China. 

  • Now is not the right time to buy Hong Kong stocks, says one expert, who predicts the benchmark Hang Seng Index will fall below 18,000 in the near future, given global economic uncertainties.

  • Li & Fung Upbeat on Asia Growth

    William Fung, Group Managing Director at Li & Fung attributes the company's recent drop in earnings to its recent acquisitions, but is positive about a sales growth in Asia.

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    With growing uncertainty surrounding Hong Kong's property market, one of the territory's biggest property developers is joining the chorus of voices predicting a drop in real estate prices.

  • Hong Kong skyline

    Despite concerns over a property bubble in Hong Kong and government efforts to cool the red-hot sector, two Hong Kong tycoons: Cheung Kong Holding’s Li Ka-Shing and Henderson Land’s Lee Shau kee have been snapping up shares in their own firms.

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    Asia has been a bright spot in the global employment picture, but a recent survey by recruitment firm Hudson indicates that hiring expectations across the region’s key financial markets are dipping.

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    Hermes raised its full-year revenue forecast on Tuesday as growing demand for its silk scarves, fashion accessories and leather bags showed no sign of slowing despite a foggy economic outlook.

  • The Prada store in Milan, Italy.

    Luxury retailer Prada’s shares have rallied 17 percent since the company’s initial public offering (IPO) in Hong Kong just over a month ago, outperforming the Hang Seng Index. The stock now trades at a valuation of about 26.5 times current earnings, a significant premium over the industry average of 20 times earnings.

  • The Mongolian mining industry, which is to benefit from China's huge appetite for resources, is a sector to bet on. One fund manager suggests investing in mining plays that are listed internationally, but have assets in Mongolia.