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…
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….
China’s Ministry of Finance held a press conference on Saturday morning. Officials spoke about defusing local debt risks and stabilising the property market, adding the central government “has room” for further action and higher deficits. A specific figure for fiscal stimulus was not revealed. The conference followed announcements of broad plans from other state bodies,…