Hong Kong Tag

15 Feb Hong Kong luxury rents dropped in fourth quarter but rose slightly in 2023, good for 9th spot on Knight Frank global list

Posted at 09:00h in Asia

Knight Frank blamed the winter season, traditionally a quiet period, for most of the recent decline, but cited poor market performance for the anaemic annual growth.A mainland Chinese buyer recently snapped up this ultra luxury house at the Peak in Hong Kong at a 35...

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14 Feb Year of the Dragon bodes well for Hong Kong’s ailing stock market as rate cuts, improving Chinese economy bring hope, finance officials say

Posted at 06:12h in Asia

“In addition, the mainland [Chinese] economy is stable and improving. These factors will bring a positive atmosphere to investment sentiment and the asset market,” he said. 05:39Hong Kong stock market falls below 15,000 level, its lowest in 15 monthsHong Kong stock market falls below 15,000 level,...

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14 Feb China’s gold jewellery market shines as culturally resonant designs draw young buyers to safe-haven metal

Posted at 00:30h in Asia

The rise of the guochao or “China chic” trend, which celebrates Chinese identity, coupled with the increasing value of gold, has created significant market opportunities in the gold jewellery market in China, which was valued at 410 billion yuan (US$57 billion) in 2022, according to...

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13 Feb India’s stock weightage climbs to record high on MSCI Global Standard index, seen rising further

Posted at 05:21h in Asia

India’s stock weightage climbs to record high on MSCI Global Standard index, seen rising furtherIndex provider MSCI raised India’s weightage in its Global Standard (Emerging Markets) index to a historic high of 18.2 per cent following its February review, and the changes will come into...

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08 Feb Hyatt Regency woos EV drivers in Hong Kong with expanded fast-charging facilities and discounts for Tesla drivers

Posted at 10:00h in Asia

The Hyatt Regency in Hong Kong’s Sha Tin district has partnered with Tesla to offer discounts for electric-vehicle (EV) drivers and has expanded its car-charging facilities in hopes of drawing new customers and supporting sustainable practices.The hotel has added 12 Tesla Superchargers, making its charging...

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07 Feb Star China banker’s disappearance made his firm a buyout target

Posted at 04:01h in Asia

About a year after Bao Fan disappeared from public view, his boutique Chinese investment bank is shrinking and being circled by rivals.Almost a third of China Renaissance Holdings’ staff in Hong Kong, which includes investment banking, private equity and wealth management teams, have either resigned...

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07 Feb Opinion | Here’s how corporate leaders can boost Hong Kong’s moribund stock market

Posted at 01:30h in Asia

So, what’s wrong with the Hong Kong market? Compared to the late 1990s, Hong Kong companies have stronger balance sheets, greater global competitiveness, and a more stable currency regime. Looking at the 850 largest companies in Hong Kong, our analysis reveals that about half have...

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06 Feb Hong Kong savings safety net to expand by 60% to protect US$102,270 in event of bank failures

Posted at 07:34h in Asia

Hongkongers will soon enjoy protection for up to HK$800,000 (US$102,270) of bank deposits, up from the current HK$500,000, as a government body has decided to move ahead with expanding the safety net that guards citizens savings in the event of a bank failure.The Hong Kong...

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05 Feb Opinion | Why a soft landing for Singapore property might be no landing at all

Posted at 07:30h in Asia

Yet even Singapore’s real estate industry has experienced a marked slowdown during the past year. The deceleration in activity is most evident in the residential market. Sales of new private homes last year fell to their lowest level since the 2008 financial crash, while...

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02 Feb Apple’s China sales fall 13% in December quarter amid weak iPhone demand, increased competition from Huawei

Posted at 11:29h in Asia

Apple reported a nearly 13 per cent drop in revenue from its Greater China region in the December quarter, a setback that chief executive Tim Cook shrugged off amid the US tech giant’s overall global growth and its steadfast confidence in the...

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