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18 Mar Hong Kong’s property downturn yet to run its course, with home prices set to decline by up to 10% this year, S&P says

Posted at 13:12h in Asia

Hong Kong’s current property market downturn is cyclical and not structural, according to S&P, which expects home prices to decline by as much as 10 per cent this year as elevated interest rates keep demand in check.“We believe that there is pent-up home-buying demand in...

18 Mar Hong Kong’s family offices are thriving as study shows growing interest, with Dubai royal the newest entrant

Posted at 11:40h in Asia

The number of family offices in Hong Kong may have exceeded those established in major financial centres in the region, according to a government study, as the city’s efforts in the past year to lure foreign capital started to show results.The Asian financial hub had...

18 Mar Alibaba’s Damo Academy plans to launch latest version of its XuanTie RISC-V processor this year

Posted at 11:30h in Asia

Damo Academy, Alibaba Group Holding’s research arm, expects to launch the next-generation of its XuanTie series of RISC-V processors – the C930 – this year, in the latest effort to counter the impact of tighter US trade restrictions on exports of advanced chip technologies to...

18 Mar EMPF Platform: Hong Kong to migrate smallest pension firms first, with giants like HSBC to bring up the rear by end-2025, regulator says

Posted at 10:40h in Asia

YF Life Trustees, the smallest of Hong Kong’s Mandatory Provident Fund (MPF) providers, will be the first to migrate to the soon-to-be-launched eMPF Platform, while HSBC, the largest provider, will be the last, according to a detailed timeline announced by the pensions regulator on Monday.The...

18 Mar Hong Kong cryptocurrency custodian Hex Trust targets profitability, fresh funding in 2024 as virtual-asset market rebounds

Posted at 10:00h in Asia

Hong Kong-based cryptocurrency custodian Hex Trust is looking to turn a profit and raise fresh funding on the back of a recovery in the virtual-asset market, despite potential regulatory headwinds that could affect the company’s operations in the city.Hex Trust, a seven-year-old virtual-asset custody services...

18 Mar China property investment seen stabilising as analysts count on financing lifeline, demand to spur recovery

Posted at 09:36h in Asia

Property investments and sales in mainland China continue on a downwards trajectory despite Beijing’s efforts to inject liquidity and boost demand, but the rate of decline has slowed in a sign that the market is starting to stabilise, according to analysts.In January and February, total...

18 Mar Dubai royal nephew to open US$500 million family office in boost to Hong Kong hub

Posted at 07:49h in Asia

Sheikh Ali Al Maktoum, the nephew of Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum, is opening a family office in Hong Kong, one of the first high-profile international investors to respond to the city’s campaign to lure foreign capital.“I got to see a lot...

18 Mar Opinion | Asia’s office sector is thriving, so where are the investors?

Posted at 07:30h in Asia

Just a cursory glance at office occupancy rates around the world reveals where the commercial property sector’s problems lie. In the United States, average occupancy rates in 10 leading cities stood at just 52.5 per cent at the beginning of March, according to data from...

18 Mar Global Impact: Hong Kong’s stock market eyes light at the end of the tunnel after 3 years in the doldrums

Posted at 06:00h in Asia

Global capital rushed to Wall Street after the US Federal Reserve raised its key interest rate by five percentage points from 2022, and initial public offerings (IPOs) slowed to a trickle in Hong Kong.A lot will be riding on the shoulders of Bonnie Chan Yiting,...

18 Mar The ‘Oscars of Hong Kong’s construction industry’, the CIC Outstanding Contractor Award 2024 is open for application

Posted at 05:00h in Asia

[The content of this article has been produced by our advertising partner.]Contractors are pivotal to Hong Kong’s construction sector, coordinating with stakeholders and overseeing project progress and quality. The CIC Outstanding Contractor Award recognises these contractors and encourages companies to revitalise the profession through professionalisation...

Asia