Hong Kong

Sales of jewellery, watches, clocks and valuable gifts led the charge.

Thanks to high profits tax, stamp duties and land premiums.

A looming prime rate hike is set to dampen housing demand.

Once the fund raising dies down, the HKD will plunge again and prompt HKMA intervention.

The number of property transactions rose alongside prices.

Its flotation may be the biggest since Alibaba’s $25b listing.

It was awarded to Westlink Investments.

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On a monthly basis, loans for use also inched up 1.2% in March.

It’s one of the top five fastest growing districts in terms of affluence.

The regulator has expressed concern about the risks associated with rising bad loans.

Standard Chartered and ICBC raised time-deposit rates to more than 2%.

Nomination is open until 27 July 2018.

A flurry of restaurants caved under mounting competition from international brands.

‘Mercedes me’ features a wide array of goods, accessories and gifts from the brand’s exclusive collection.

Sewage plants and reservoirs can be relocated to caverns to build more homes.