Category: Hong Kong
HK Policy Address 2024: Loan-to-value ratio for home mortgages to be relaxed amid home price slump
Hong Kong Free Press Hong Kong’s government will relax the mortgage loan-to-value ratio amid a property slowdown, a move welcomed by the real estate sector. The city’s leader John Lee announced on Wednesday, during the 2024 Policy Address, that the ratio for residential properties would be set at a maximum 70 per cent regardless of…
Read MoreChina set to post slowest quarterly growth this year, analysts say
Hong Kong Free Press China’s economy likely expanded at its slowest pace this year, according to an AFP survey ahead of data Friday, as authorities struggle to reignite consumption amid a chronic debt crisis in the property sector. Chinese Yuan. File photo: moerschy, via Pixabay. Officials have in recent weeks unveiled a string of measures…
Read MoreSoy-sauce producer Haitian plans to raise US$1.5 billion in Hong Kong IPO, sources say
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. The Guangdong-based company is in talks with advisers on a potential share sale in the Asian financial hub and a listing could happen in the first half of next year. https://www.scmp.com/business/banking-finance/article/3282607/soy-sauce-producer-haitian-plans-raise-us15-billion-hong-kong-ipo-sources-say?utm_source=rss_feed
Read MoreChina aquarium’s ‘fake’ whale shark flops with angry visitors
Hong Kong Free Press Visitors to a new aquarium in China were left furious this week after discovering one of its top aquatic stars was a robot, despite it being marketed as such. Xiaomeisha Ocean World in Shenzhen, Guangdong province, opened on October 1 but was quickly slammed for its high prices, long queues, and…
Read MoreHK Policy Address 2024: New HK$5k monthly subsidy for elderly to live in Guangdong care homes
Hong Kong Free Press The Hong Kong government will offer a monthly subsidy of HK$5,000 to up to 1,000 elderly social security recipients if they want to move to care homes in China’s Guangdong Province, the city’s leader said. Chief Executive John Lee announced the three-year pilot scheme, for subsidising elderly recipients of Comprehensive Social…
Read MoreHong Kong customs arrests 5 in crackdown on syndicate that laundered HK$1.6 billion
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Bank manager, syndicate’s allegedly leader, former compliance officer of money changer and two directors of shell companies apprehended. https://www.scmp.com/news/hong-kong/law-and-crime/article/3282589/hong-kong-customs-arrests-5-crackdown-syndicate-laundered-hk16-billion?utm_source=rss_feed
Read MoreHK Policy Address 2024: Hong Kong revives loan concession scheme to support small and medium enterprises
Hong Kong Free Press Hong Kong is to relaunch a scheme to help small and medium enterprises (SMEs) by offering easier loan repayment terms, as part of a range of measures to boost the business sector. Central in Hong Kong. Photo: Kyle Lam/HKFP. Chief Executive John Lee said in his third Policy Address on Wednesday…
Read More14 things you need to know about Hong Kong leader John Lee’s policy address: liquor tax cut to IPOs
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. New rules to eradicate substandard subdivided flats and measures to attract visitors from Middle East, Asean and mainland among highlights. https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3282567/liquor-tax-cut-eased-mortgage-rules-14-takeaways-hong-kong-policy-address?utm_source=rss_feed
Read MoreHK Policy Address 2024: Hong Kong to phase out subdivided units under 8 sq. metres, but ‘coffin homes’ to stay
Hong Kong Free Press Hong Kong will pass a law to phase out subdivided flats smaller than eight square metres (86 sq ft) and ensure they have windows and a toilet, Chief Executive John Lee has announced. But the city’s infamous “coffin homes,” which are regulated – and effectively legalised – by a separate law…
Read More‘Studying in Hong Kong’ brand to boost demand for student housing
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Chief executive pledges to turn Hong Kong into an international hub for postsecondary education, earmarks over 80 hectares of land for university town. https://www.scmp.com/business/article/3282557/studying-hong-kong-brand-boost-demand-student-housing?utm_source=rss_feed
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