Photo by China Photos/Getty Images) Photographer: China Photos/Getty Images AsiaPac (Bloomberg) — Chinese equities slumped and bond futures climbed, showing investors remain concerned about trade tensions even after President Donald Trump signaled over the weekend that he’s open to talks. The Hang Seng China Enterprises Index fell as much as 3.6% before paring its drop…
By Hadeel Al Sayegh DUBAI (Reuters) -China’s biggest state banks are lending billions to Aramco’s Jafurah gas project, though its funds have passed on the opportunity to invest in the venture, three people familiar with the matter said. Chinese banks provided more than a third of the financing for what will potentially be the biggest…
More affluent buyers are likely to snap up luxury homes in Hong Kong in the coming months, according to agents, as the city’s booming stock market and government policies that attract well-heeled investors boost the outlook for the high-end property segment. “Some ultra-wealthy buyers have earned substantial profits from the stock market over the past…
More affluent buyers are likely to snap up luxury homes in Hong Kong in the coming months, according to agents, as the city’s booming stock market and government policies that attract well-heeled investors boost the outlook for the high-end property segment. “Some ultra-wealthy buyers have earned substantial profits from the stock market over the past…
Hong Kong stocks slid on Monday after a highly anticipated call on Friday between US President Donald Trump and Chinese President Xi Jinping provided investors with little to whet their risk appetite. The Hang Seng Index lost 0.9 per cent to 26,302.67 as of 11am local time. The Hang Seng Tech Index dropped 1 per…
Hong Kong’s three note-issuing banks – HSBC, Standard Chartered and Bank of China (Hong Kong) – will trim their prime lending rates for the first time since December, reducing funding costs and providing some relief to businesses and mortgage borrowers in the city. HSBC and the Hong Kong unit of Bank of China said on…
Hong Kong opened applications for stablecoin issuers at the start of August, with 77 firms applying during the month. The Hong Kong Monetary Authority (HKMA) has repeatedly stated it only plans to license a handful of companies in the first instance. With its initial rules requiring the identity of every stablecoin user, this may favor…
Hong Kong recorded a billion-dollar home sale this week, another sign that ultra-wealthy customers are continuing to find choice assets even amid the city’s property slump. A mansion at 1 Gough Hill Road on The Peak on Hong Kong Island, refurbished from an old guest house used in the 1990s by the Bank of China,…
The Hong Kong Trade Development Council (HKTDC) will form a “strategic alliance” with the Bank of China (BOC) to get mainland Chinese companies to rely on the city as a “superconnector” as they venture overseas, its new chairman, Frederick Ma Si-hang, has said. The council’s new task would be part of an expansion of its…
China’s credit engine just kicked into high gearbut it’s not the full story. Total social financing hit 4.2 trillion yuan ($585.7 billion) in June, coming in well above economists’ expectations. Banks extended 2.2 trillion yuan in new loans, thanks to a seasonal lending push and a wave of government bond issuance. The People’s Bank of…