Former Bank of Communications VP probed by China's anti-graft watchdog, state media reports

Former Bank of Communications VP probed by China’s anti-graft watchdog, state media reports

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Richard Li redefines IPO success

Richard Li redefines IPO success

The logo of FWD group is seen on a building in Hong Kong, China March 20, 2023. REUTERS/Tyrone Siu/File Photo HONG KONG, June 26 (Reuters Breakingviews) – Richard Li is nothing if not relentless. The tycoon’s pan-Asian insurer FWD is going public after multiple false starts. A $6.2 billion, opens new tab market capitalisation is…

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Hong Kong property has further to fall

Hong Kong property has further to fall

High rise private residential buildings are seen in Hong Kong, China May 21, 2017. Picture taken May 21, 2017. REUTERS/Bobby Yip Low interest rates and an influx of capital have buoyed sentiment for residential real estate, where prices have fallen 30% since 2021. Yet developers like New World have a record 28,000 units of unsold…

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Hong Kong’s US dollar peg is least worst option

Hong Kong’s US dollar peg is least worst option

A Hong Kong dollar note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo HONG KONG, June 24 (Reuters Breakingviews) – Whenever some aspect of Hong Kong’s U.S. dollar peg appears askew, observers suggest that the scheme’s end is nigh — or has already arrived. This time, it’s the persistent wide gap…

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