Hong Kong is putting gold at the centre of its push to become a global commodities trading hub, with officials prioritising plans for an international gold trading centre alongside a broader strategy to expand the city’s role in physical trade, derivatives and logistics. The government’s newly formed Commodity Strategy Committee held its first meeting on…
Hong Kong’s newly opened Central Kowloon Bypass, along with a planned major road and rail expansion of over 40 per cent in the next few years, will boost the city’s competitiveness and integration with national development, the finance chief has said. Financial Secretary Paul Chan Mo-po also said on Sunday that the deeper integration of…
Those factors, JLL analysts said, were projected to help trim Hong Kong developers’ swollen inventory, which would drop back to their normal level by the end of next year. “Housing prices have bottomed out, and the outlook for 2026 is cautiously optimistic,” said Joseph Tsang Hon-ping, chairman of JLL in Hong Kong. “We expect capital…
Hong Kong authorities have doubled the living allowance from HK$50,000 (US$6,410) to HK$100,000 for each household at inferno-ravaged Wang Fuk Court in Tai Po, while assuring affected residents that a long-term solution on housing settlement will be found for them. Secretary for Home and Youth Affairs Alice Mak Mei-kuen revealed more support measures on Thursday…
A Beijing official in Hong Kong has voiced confidence in the city’s ability to handle both the coming Legislative Council election and the aftermath of the deadly Tai Po fire, calling local authorities’ decision to proceed with the poll respectful of the constitutional order. Liu Guangyuan, deputy director of Beijing’s liaison office in Hong Kong,…
A Beijing official in Hong Kong has voiced confidence in the city’s ability to handle both the coming Legislative Council election and the aftermath of the deadly Tai Po fire, calling local authorities’ decision to proceed with the poll respectful of the constitutional order. Liu Guangyuan, deputy director of Beijing’s liaison office in Hong Kong,…
The Hong Kong Investment Corporation (HKIC) earned HK$2.34 billion (US$300.7 million) in investment income last year, as the city’s wholly owned investment vehicle made an impressive report after its first year of operation. HKIC posted HK$2.25 billion in operating income for the year that ended on December 31, on HK$64 billion in total assets, while…
The Hong Kong Investment Corporation (HKIC) earned HK$2.34 billion (US$300.7 million) in investment income last year, as the city’s wholly owned investment vehicle made an impressive report after its first year of operation. HKIC posted HK$2.25 billion in operating income for the year that ended on December 31, on HK$64 billion in total assets, while…
Thousands of mourners poured into Tai Po on Sunday, forming a solemn river of remembrance for the 146 lives lost in Hong Kong’s deadliest fire in more than seven decades, while Beijing called for unity and healing as a massive rescue and recovery operation continued amid the charred ruins. The scale of the calamity was…
Hong Kong’s “top priority” is to resettle residents displaced by the Tai Po fire so they can get through the winter, Financial Secretary Paul Chan Mo-po has said, as the city’s major monetary and banking authorities roll out measures to ease their immediate financial burdens. On Sunday, Chan highlighted the banking industry’s emergency support measures…