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  1. Stock losses rob the wealthy of millionaire status

    Posted Feb 20th 2009, 12:00am by Dennis Eng

    ... Dennis Eng About 66,000 local millionaires saw their individual net worth fall below the HK$1 million mark last year as plummeting stock markets took a heavy toll on Hong Kong's ... on investments, the survey findings indicated that 60.3 per cent of millionaires suffered stock market losses averaging HK$427,000 each while one-third lost on mutual funds, averaging HK$158,000 each. ...

  2. Consumers take stock of their spending amid market turmoil

    Posted Sep 19th 2008, 12:00am by Dennis Eng, Paggie Leung

    ... as a pall descended on consumers and tourists in Hong Kong. With stock markets in a tailspin, taxi rides are increasingly a luxury, shoppers are becoming window-shoppers and well-heeled diners ... and the stock market turmoil might be partly to blame, a spokesman said. Some taxis, too, reported spartan business. Looking for a fare along Gloucester Road yesterday, driver Terry Chui said his ...

  3. Stock of private homes for sale shrinks

    Posted Jul 23rd 2005, 12:00am by Dennis Eng

    ... Dennis Eng Property analysts say supplies are still abundant and buyer sentiment buoyant The stock of new and available residential properties shrank slightly to 54,000 units last month compared with three months earlier, but industry observers expect an adequate supply of private housing for at least the next 18 months. Government data also shows construction work had started ...

  4. HK$567 billion floods into city

    Posted Nov 20th 2009, 12:00am by Dennis Eng

    ... described as an unprecedented situation. The huge inflow, especially since the beginning of this year, targeted mainly stock and property investments, Chan said. A splurge on stocks has boosted ... setting new records despite little evidence that Hong Kong has shrugged off its recessionary woes. The surge in the stock market is most evident in the gains registered by the Exchange Fund, ...

  5. Soros praises HK for blocking his dollar 'attacks'

    Posted Jun 16th 2009, 12:00am by Dennis Eng

    ... Dennis Eng Billionaire financier George Soros has praised the Hong Kong government for thwarting his attempts to undermine the local currency and stock market in 1998 but maintained he had ... the Hong Kong administration for intervening in the local stock and futures markets during the Asian financial crisis. But he remained unapologetic about his actions. The financier made his ...

  6. Reit offering triggers rush for forms

    Posted Dec 07th 2004, 12:00am by Agnes Lam, Dennis Eng

    ... 9am, when the public offer was launched. The reit covers 950,000 square metres of retail space and 79,000 parking spaces. 'I have been buying stocks for more than 10 years. I think the stocks will do well because it is introduced by the government. It should do well just like the MTR Corp privatisation,' said Mr Wong Kei, 81. 'The interest rate is so low now, I think ...

  7. City's a hit with expats for its friendliness, global survey finds

    Posted Nov 26th 2009, 12:00am by Dennis Eng

    ... Dennis Eng Hong Kong is among the friendliest places in the world for expatriates, who generally find life in the city easy and entertaining, according to the findings of a global survey. The Expat Explorer survey, commissioned by HSBC Bank International, ...

  8. Flats could be built on community land as prices rise

    Posted Oct 20th 2009, 12:00am by Dennis Eng

    ... Dennis Eng Land earmarked for community use could be made available over the long term to build homes, the government said yesterday, but an expert dismissed the announcement as 'basically nothing'. Taking a more conciliatory line, days after th ...

  9. Debt-for-equity swap and cash injection secure venture's future

    Posted Jul 01st 2009, 12:00am by Dennis Eng

    ... Dennis Eng A lot has changed since the original deal was signed in 1999 to set up a Disney theme park in Hong Kong, but the underlying structure remains largely the same. The park is a joint venture into which the government invested some HK$3.25 billion ...

  10. Economists flag faster growth

    Posted Aug 17th 2006, 12:00am by Dennis Eng

    ... Dennis Eng US seen slowing advance later this year, but local demand is forecast to lift GDP Economists are optimistic Hong Kong's gross domestic product will grow at least 6 per cent this year, but expect the government to maintain its forecast of 4 ...




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