Hong Kong

Government might ask real estate developers to build public homes

Wants to build 470,000 new homes over the next decade.

Fine wine auction set for September 13 and 14

Venue will be the Island Shangri-La and Grand Hyatt Hong Kong.

Insurance industry posts H1 gross premiums of $143.7 billion

But underwriting profit falls 6% to $1.5 billion.

HK banks up rates ahead of long October holiday

Trying to prevent cash squeeze on renminbi funds.