Hong Kong
HKMA sets restrictive guidelines to avert property bubble escalation
HKMA sets restrictive guidelines to avert property bubble escalation
The Monetary Authority has issued tougher guidelines that order banks to tighten underwriting criteria for loans and to set a maximum loan tenor for all new mortgage loans.
Cathay and Dragonair seek fare hike
The Philippines' airline regulator will hear on September 26 a petition by Hong Kong airline firms, Cathay Pacific Airways Ltd and Dragon Airlines Ltd, to increase passenger fares.
More agreements signed with Guangdong
Seven agreements that include the further liberalization of Guangdong's trade services sector were signed between Hong Kong and that south China province.
HKEx introduces renminbi ETFs
Hong Kong Exchanges and Clearing Ltd has launched the city's first deliverable renminbi or yuan currency futures contract based on the renminbi and the US dollar exchange rate.
US stimulus endangers Hong Kong; recession now more likely
The massive new stimulus announced by the US Federal Reserve Sept. 13 has forced Hong Kong to take immediate action to prevent its tumble into recession and a return of the property bubble.
Sun Hung Kai reports slowdown in operations
Hong Kong's efforts to contain rising property prices have slowed the growth of Sun Hung Kai Properties Ltd, the largest property developer in the city.
Hutchison retains Fitch’s A-rating
Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) at 'A-' with a Stable Outlook, and its Short-Term IDR at 'F2' of Hutchison Whampoa Ltd.
Tsang warns anew against asset bubbles
Financial Secretary John Tsang is again warning about the risk of asset bubbles since the global economy remains in turmoil.
Disharmony may mean happiness for Hong Kong
“Happiness resides not in possessions, and not in gold, happiness dwells in the soul” Democritus (460-370BC)
Hong Kong and South Korea's richest men talk business
Li Ka-shing and Lee Kun-hee, Co-Chairman of Samsung Electronics met in Hong Kong to discuss ways to expand cooperation, especially in handset and network businesses.
Rwandan President urges Hong Kong to invest in his country
Paul Kagame, President of the Republic of Rwanda in central eastern Africa, asked Hong Kong's businessmen to invest in his country and be part of its economic revival.
New IPOs welcome news for Hong Kong
Two mainland Chinese companies intend to raise some US$1.1 billion by making their initial public offerings in Hong Kong.
Tourism shines in gloomy economy
Tourism continues to bring in more revenue for Hong Kong despite a general slowdown in tourism worldwide.
Tsang attends APEC leaders' meeting
Financial Secretary John Tsang is at the APEC Economic Leaders' Meeting in Vladivostok, Russia that has endorsed a joint declaration covering transparency, green growth and food supply.
Pro-democracy parties prevail in LegCo election
Hong Kong's pro-democracy candidates rode a wave of strong anti-China sentiment to emerge with a small but decisive minority in the Legislative Council after Sunday's election.
Hong Kong shares jump on China infrastructure stimulus
Hong Kong stocks posted their largest single day gain in 10 months Sept 7 after China's announced a massive US$158 billion (RMB1 trillion) infrastructure stimulus.
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