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Asia Top News and Analysis Hong Kong

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    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.’

  • Housing Is Leung's Biggest Priority

    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.

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    Hong Kong prepares to celebrate the 15th anniversary of its handover to China from British rule.

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    The euro steadies ahead of the summit and the British go shopping - it's time for your FX Fix.

  • 30 Mar 2012: Swire Properties Ltd.'s Opus Hong Kong, designed by architect Frank Gehry, stands on Stubbs Road in Hong Kong, China, on Friday, March 30, 2012. Swire Properties has completed Gehry's first residential project in Asia, Opus Hong Kong.

    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.

  • Hong Kong skyline

    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.

  • Hong Kong skyline

    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.

  • Petronas Towers and Masjid Al-syakirin mosque in Malaysia

    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.

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    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.

  • 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.

    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 skyline

    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.

  • Hong Kong skyline

    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.

  • Richard Li, chairman of PCCW has emerged as a surprise bidder for ING's Asian assets.

    Richard Li has lodged an indicative bid for the south-east Asian businesses of ING’s $6bn Asian insurance operations, which the Dutch financial group is selling after taking government bailout cash during the financial crisis. The FT reports.

  • The Sun Hung Kai Centre building in Hong Kong, China

    While the corruption case against the joint chairmen of Asia’s biggest developer Hong Kong’s Sun Hung Kai Properties will lead to share price volatility over the next 12 months, analysts say the company remains a buy based on its high-quality asset base and solid income stream.

  • Macau's casinos at dusk

    Macau gaming stocks have fallen out of favor, with the major names sliding an average of 20 percent since the beginning of May on worries about a sharp slowdown in gambling revenues. But, according to analysts at Nomura, the correction may be close to an end and the recent drop could present an attractive buying opportunity.

  • MTR Corp. light rail trains in the Yuen Long area in Hong Kong.

    Hong Kong residents have been complaining about the rising cost of living, especially the fare hikes for the Mass Transit Railway, but are the complaints justified?

  • For those who love to shop, the search for that must-have item can be as fun as owning the actual product.  And some cities offer shoppers a bounty of options. So, where are the top shopping destinations around the globe?To find out, CNBC spoke with a team of editors at a trend forecasting firm that has been analyzing the retail industry for more than 80 years. To choose the world’s best cities for shopping, the analysts at Tobe compared a variety of city characteristics, as well as what the loc

    For those who love to shop, the search for that must-have item can be as fun as owning the actual product. Here are the top 10 international shopping destinations.

  • The HSBC logo is displayed on the exterior of an HSBC bank branch March 2, 2009 in San Francisco, California. After taking a financial hit with sub-prime mortgage-backed securities, HSBC Holdings PLC reported that due to a 70 percent drop in 2008 net profits it plans to slash 6,100 jobs and close its consumer loan business in the U.S.

    Even as HSBC beat expectations with its first quarter results on Tuesday, one strategist says its Hong Kong-listed subsidiary Hang Seng Bank is a better bet for investors given its more attractive return on equity and lower cost base.

  • Emerging Markets Globe

    Several major markets around the world will be closed Tuesday for May Day, which will help limit volatility for U.S. equities.