Hong Kong’s office market is likely to trail other segments in terms of recovery as interest-rate cuts and easier mortgage financing rules drive bigger interest and deals in the residential and retail properties, analysts said. Office vacancy rates continued to worsen last month in more business districts in the city including Central, Wan Chai, Causeway…
CLN KraneShares Week in Review Asian equities were mixed but mostly higher this week as Mainland China, especially the technology-focused STAR Board, outperformed, and Hong Kong underperformed. Hong Kong’s downdraft this week exposed the fragility of China’s recent bull market, as investors await more stimulus and consumer support confirmations from the National People’s Congress (NPC),…
As global markets show mixed signals, with the U.S. reaching new highs and European economies facing challenges, Hong Kong’s tech sector is navigating its own set of dynamics amid broader market volatility and economic uncertainties in China. In this context, identifying high growth tech stocks requires careful consideration of factors such as innovative potential and…
Crowds built up at Hong Kong’s busiest border checkpoint, Lo Wu, on Sunday afternoon following a three-day long weekend, with many residents bringing back delicacies such as hairy crabs and consumer goods. Tens of thousands were making their way back to Hong Kong from tomb sweeping across the border, short breaks and shopping in Shenzhen,…
Hong Kong customs has seized 460 kilograms of dried sharks fin, 200 kilograms of dried sea cucumber and 3,300 boxes of a Chinese proprietary medicine delivered in an air shipment falsely declared as carrying household goods. The products worth a total of HK$2.3 million (US$296,000) were stored in 33 cartons on board a flight from…
MACAO (AP) — About 400 Beijing loyalists were set to vote Sunday to endorse the sole candidate for the top job in the Chinese city of Macao in a largely ceremonial election that would make him the first leader of the casino hub to be born in mainland China. Former top judge Sam Hou Fai…
Mainland China stocks plunged on Wednesday, October 9, snapping a 10-day winning streak after officials failed to inspire confidence in stimulus plans to revive the economy. Following the losses, the frontline benchmark Shanghai Composite index fell over seven per cent, its worst loss since February 2020, when fears were rising about COVID-19 emanating from Wuhan…
Hong Kong can serve as a women’s rights role model for mainland China and overseas countries, the nation’s former foreign vice-minister has said, calling for her peers to step up their contributions to world peace. Fu Ying, China’s former vice-minister of foreign affairs, also said on Wednesday that the world had become increasingly unstable amid…
By Suzanne McGee (Reuters) – Investors flooded U.S.-based exchange-traded funds (ETFs) that target Chinese markets with $5.2 billion in new assets in the past week when mainland China’s financial markets were shut for a national holiday, and some asset managers are hopeful the optimism will be enduring. The influx came after an initial package of…
Hong Kong’s recent stock market boom has helped to give restaurants a boost in business, while mainland China’s “golden week” holiday has spurred an uptick in occupancy rates at some small and medium-sized hotels, industry leaders have said. They also said on Saturday that hotels were adapting to a change in booking patterns and offering…