News

Hong Kong banks susceptible to massive Eurozone recession

Hong Kong banks susceptible to massive Eurozone recession

A severe credit crunch could hammer Hong Kong’s banks and those in Singapore should there be a huge jump in non-performing loans.

Hong Kong committed to developing science and technology

Hong Kong’s unique advantages make it indispensable to China.

Credit card receivables down; delinquencies up

A drop in spending and a rise in delinquencies were experienced by Hong Kong in the first quarter this year.

Leasing demand for warehouses on the rise

Some logistics operators have already pre-committed yet-to-be vacated warehouses due to the current high occupancy level.

New real estate regulations possible

Financial Secretary John Tsang said the government stands ready to implement new real-estate market measures when necessary. It also closely monitors the global financial market.

Turbulence up ahead for Cathay Pacific Airways?

Cathay Pacific reports being badly hit by high fuel costs. Plans to reduce frequencies of several long-haul routes is already underway.

Tsang arrives in Taipei

Financial Secretary John Tsang is in Taipei as head of a delegation that officiated at the opening of the Hong Kong Economic, Trade & Cultural Office.

Capital duty to be banished by June 1

It’s another move to grow a faltering economy by telling foreigners that Hong Kong is great for their businesses.

HSBC to part with subsidiaries in four South American countries

HSBC Holdings is in talks on a possible sale of its operations in Colombia, Paraguay, Peru and Uruguay as part of its global strategy to boost profitability and cut costs.

SFC seeks public’s opinion on IPO regulation

The recent crackdown on brokers pushing sub-standard IPOs heads in a parallel direction.

Nature and modernity blend in Swire Properties' Opus Hong Kong

The Frank-Gehry designed building is comprised of double-level garden apartments and 6,000-6,900 sq ft apartments with panoramic views of the city.

HKEx's profit slips 7% to HK$1.15b

Listing fees and income from sales of information were lower than expected, while operating cost rose by 20%.

Hong Kong office rent increases slowing

Professional real estate services firm Jones Lang LaSalle said rents in top tier markets aren’t increasing.

Hong Kong targets Japan with huge tourism campaign

Hong Kong’s largest promotional campaign in Japan will launch in Osaka beginning May 13.

Hong Kong business conditions improve but only slightly

Analyst says the economy’s sails have yet to pick up wind even as sufficient new business continues to support job creation.

Hong Kong awards tenders for residential sites

The Lands Department has awarded tenders for two residential sites for a 50-year land grant at a total premium of $1.85 billion.