Hong Kong’s residential property market, which has seen dramatic price gains over the past decade because supply has not kept up with demand, is set for a slowdown as the new administration comes good on its pledge to increase land supply for housing, says an industry expert.
Dickie Wong, Executive Director, Kingston Securities thinks the money laundering case against HSBC will place short term pressure on its share price, but he says the stock has room to pull back. He sees a settlement of the case as soon as the end of this month.
News that Sun Hung Kai’s billionaire co-chairmen have been charged for bribery has cast a pall over the stock and prompted a downgrade from Barclays on Monday, as investors continue to weigh the extent of the fallout from the scandal on Asia's largest developer.
What is the secret of a cartoon character that has been around for half a century? Old Master Q turns 50 this year and continues to be a popular read among many. We meet the son of the creator and the current artist behind the famous series, Caricaturist, Joseph Wong.
Fed meeting minutes are looming and Spain has a new austerity plan — it's time for your FX Fix.
The financial centres of New York and Hong Kong as well as China's growing wealth are just some of themes covered in Hong Kong's first independant movie, Supercapitalist. Producer, Writer and lead actor Derek Ting discusses how the movie came about and the challenges he faced in putting it together.
China said Tuesday that it would prohibit official banquets from serving shark fin soup, an expensive and popular delicacy blamed for a sharp decline in global shark populations. The NYT reports.
When Hong Kong returned to Chinese rule on July 1, 1997, there was no shortage of doomsayers who forecast that the former British colony would be stifled by rule from the mainland and that it would be reduced to ‘just another Chinese city.’
Kong Wah Lau, Vice-chairman, Democratic Alliance for the Betterment and Progress of Hong Kong says that the top priority of the newly elected Chief Executive C.Y. Leung is to address the affordability of public housing.
Hong Kong prepares to celebrate the 15th anniversary of its handover to China from British rule.
The euro steadies ahead of the summit and the British go shopping - it's time for your FX Fix.
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.
U.S., European and Japanese companies have been building up blue-collar and back-office operations and representative offices in places like mainland China, Hong Kong and Singapore, reports the New York Times.
The wealth gap is widening in Hong Kong, according to new data from the city's Census and Statistics Department as the population ages rapidly and industries decline.
Malaysia is set to vault ahead of Hong Kong as Asia’s largest market for international initial public offerings with the planned flotation of shares in two massive government-linked companies defying a gloomy global listings environment. The FT reports.
Hong Kong’s banking regulator has bowed to private banking industry demands to cut red tape in a bid to help the Chinese territory compete better with Singapore. The FT reports.
The suggestion overnight by the former head of Hong Kong's central bank that the city state should review its peg to the U.S. dollar and instead think of linking it to the yuan, has not been applauded in the city's financial circles.
Hong Kong’s property market is set to stabilize following a volatile 2011, with home prices projected to rise 10 percent this year, a moderate increase compared to the huge gains seen in 2009 and 2010, industry watchers tell CNBC.
Recently the government announced it was raising rents on public housing around 10 percent, but giving a free month to offset that.
Falling stock market turnover in Hong Kong and Singapore is increasing pressure on medium and small-sized brokerage firms, hurting their commissions and forcing some to cut jobs.