April has been a busy month for the Hualin International Jewelry Market in Guangzhou. A scrum of eager buyers has descended upon the venue, looking to join a new gold rush as prices soar and the precious metal takes on new life as a vehicle...
The refinancing will cover 60 per cent of the principal for qualifying loans to tech-based small and medium-sized enterprises, and can be extended twice for an additional year each time, the central bank said in an online statement.“[The loans] will guide financial institutions to provide...
First-time stock offerings in Hong Kong are expected to improve on the back of a strong pipeline of candidates, as well as mainland Chinese companies switching their listing from other venues, according to Deloitte.“We have witnessed an increase in listing applications, in particular from the...
It’s instructive to read Mervyn King, former governor of the Bank of England, in his book The End of Alchemy: Money, Banking and the Future of the Global Economy, to grasp why a repeat is so likely. He recalls that in the run-up to the...
Despite instructions from President Xi Jinping to resume the trading of central government bonds, China’s central bank is expected to take a cautious approach to mitigate unexpected consequences for inflation and the exchange rate, analysts said.At the twice-a-decade financial work conference, held last October, Xi...
Hong Kong must maintain its hard-fought status as an international financial centre as the city faces headwinds from a global economic turmoil, said Victor Li Tzar-kuoi, chairman of CK Hutchison and CK Asset Holdings, which announced full-year results on Thursday.The two flagship companies of Hong...
Hong Kong stocks advanced after the US Federal Reserve reaffirmed its dovish outlook overnight while keeping its key rate unchanged. Tencent jumped after it unveiled plans to at least double the size of its share repurchases and the city’s property developers rallied on the prospects...
Hong Kong stocks declined for a fourth straight session on Monday after a batch of government data showed China’s economic recovery was still tentative, as retail sales and employment data both lagged street estimates, while sentiment was also cautious ahead of the US Federal Reserve...
The number of property transactions in Hong Kong surged 17 per cent in January to 4,399 deals from a month ago, with total sales rising 12.5 per cent to HK$37.79 billion (US$4.83 billion), according to data compiled by Centaline Property Agency.The surge comes amid...
Tsang joined JLL in 1984, at a difficult time for the property market. Negotiations between China and the United Kingdom over the future of Hong Kong had led to a crisis of confidence among investors.However, property prices rose once again, before dropping by more than...