Banking and finance – Charm

Hong Kong landlords may take 7 to 15 years to end office glut, market experts say

Cs news7 months ago02 mins

How do you solve a 15-million-square-foot empty office space problem in Hong Kong, a size larger than all the space in existing prime office buildings in the city’s main business district in Central? This is the dilemma facing Hong Kong office landlords and asset managers, given the current vacancy rates and future supply of new…

African banks set up shop in China as Beijing pushes for yuan to eclipse US dollar

Cs news10 months ago02 mins

Africa’s top lenders are opening branches in major Chinese cities in a race to tap into growing trade ties between China and Africa amid Beijing’s push for yuan-based transactions. This is despite threats from the US, where president-elect Donald Trump has said he will impose 100 per cent tariffs on Brics countries that pursue de-dollarisation….