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Chinese developers slow down property acquisition spree
Chinese developers slow down property acquisition spree
Local developers bid more aggressively as Chinachem and The Wharf snatched two GLS sites.
Tencent-backed food delivery startup seeks Hong Kong IPO
Meituan Dianping is reportedly mulling a valuation of at least $60b.
Small business optimism hits six year high as technology accelerates growth prospects
Almost half (48%) admitted that technological investment boosted company profits.
F&B sector hit by highest vacancy rates in December
The industry had roughly 12,120 vacancies.
Unemployment flat at 2.9% in December-February
This is equivalent to 3.98m unemployed persons.
Inflation levels extend climb after rising 3.1% in Feburary
The price of basic utilities rose for the second consecutive month.
Hong Kong's richest woman loses US$6b as casino firm crashes
The losses began after authorities warned that the shares were concentrated amongst a small stockholder group.
Prime office rents extend run after rising 5.2% in Q4
Admiralty and Sheung Wan led the charge after rising 11% and 9% respectively.
Homebuyer subsidy not feasible: Financial Secretary
If interest rates rise, lower property prices may only hurt mortgage payers.
Hong Kong-Singapore rivalry gets heated as regulators exchange barbs
SFC decried allegations that Beijing exercises clout over the regulator.
Central office tower loan may balloon as lead investor ditches sale
After China Energy withdrew, the $16.08b loan pricing rose 10bps.
Cathay Pacific bounces back from fuel-hedging hit with surprise H2 profit
This narrowed the full-year net loss to $1.26b, below analysts expectation of $2.26b.
Hong Kong banks can withstand another housing crash: S&P
They can maintain their credit profiles even if prices were to plunge by 30%.
Prime rate hike likely to take effect in Q4
Analysts waved off concerns that interest rates will immediately rise following the Fed’s tightening policies.
Close Chinese financial ties are both boon and bane for Hong Kong banks
The Mainland’s deleveraging programme will drive cross-border loan activity but pose risks to LGFVs.
SFC slaps Deutsche Bank with $8.3m fine
It violated short position reporting and made unlicensed regulated activities.
Hong Kong regulator targets other ‘reckless' IPO sponsors following UBS ban
15 more firms are in the SFC's watchlist.
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