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  1. Cheung Kong says it won't scale back

    Posted Aug 03rd 2012, 12:00am

    ... strategy would remain unchanged. As at the end of July, he said Cheung Kong had earned HK$32.4 billion from selling more than 7,000 flats in Hong Kong, on the mainland and in Singapore. ... over the next four years,' said Li. 'That will make the growth of construction costs higher in Hong Kong than in any other country in the world.' Li's made the remarks after ...

  2. Stocks touch low not seen since last crisis ended

    Posted Sep 15th 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com Hong Kong stocks briefly touched their lowest levels since July 2009 yesterday, as investors remain jittery over the risk of sovereign default in Europe ... trading at their cheapest levels since March 2009, when the market began its rebound from the financial crisis that began three years ago today with the bankruptcy of Lehman Brothers. 'The ...

  3. TIME for caution

    Posted Dec 23rd 2011, 12:00am

    ... to Land Registry records and statistics provided by Midland Realty, secondary residential sales volumes stayed in the region of about 7,000 to 10,000 transactions per month in the first half ... Kenneth Ko In stark contrast to the buoyancy at the start of the year, Hong Kong's red-hot residential market draws to a close with extreme caution as sales slump and prices fall. ...

  4. Debt crisis blunts taste for IPOs

    Posted Jul 16th 2011, 12:00am

    ... Amanda Lee amanda.lee@scmp.com The Hong Kong equity market extended its losses yesterday as concerns over the euro-zone debt crisis and the US budget stand-off eroded investor appetite ... by Moody's Investors Service. Market volatility has caused 10 mainland companies to shelve or postpone listing plans in Hong Kong in the first half of this year. Separate data from researcher ...

  5. 25pc of city's Japanese restaurants may go bust

    Posted Apr 04th 2011, 12:00am

    ... restaurants. The union estimates there are about 7,000 people employed in the city's 600 Japanese restaurants. The union has urged the government to offer more courses to retrain staff from ... in Japan. Undersecretary for security Lai Tung-kwok said the Hong Kong government was planning a nuclear emergency drill early next year. Where and how you can help Habitat for Humanity HSBC: ...

  6. Hong Kong braces for more volatility as traders await key mainland and US figures

    Posted Oct 20th 2008, 12:00am by Nick Westra

    ... into its financial system. And local investors are still digesting a JP Morgan report on Friday that said the Hong Kong economy was in recession and could slow to 3.4 per cent this year and 1.3 per ... then Hong Kong will have a big drop.' The mainland is set to release a bundle of important data today including its third-quarter economic growth figures and last month's inflation as well ...

  7. Lai See

    Posted May 31st 2011, 12:00am

    ... earned him the sobriquet, the Prince of Darkness. He once turned up in a Porsche to sack factory workers and he also halved the 7,000 workforce at the Automobile Association in Britain. Samsonite ... going and livin' good, paying no taxes.' Mainland China faced a dilemma in taking over Hong Kong since nothing they did would be right. 'So some guy came up with one country two ...

  8. Hong Kong ready to blow bubbles in 2008

    Posted Dec 31st 2007, 12:00am by Tom Holland

    ... on rising over coming months. In fact, there is a real probability that the current bull market in Hong Kong stocks and properties could inflate into a full-blown bubble next year. Many ... That is just the start. According to analysts at HSBC, a series of US cuts is likely to push Hong Kong interest rates down by a full percentage point over next year. Meanwhile, prices will continue ...

  9. Hong Kong's non-stop train cushioning blow to A shares

    Posted Sep 01st 2007, 12:00am by Shirley Yam

    ... with an outperforming index and good liquidity, there was a good chance that Hong Kong would be hit by the subprime crisis if nothing was done,' said the source. The concern was not just for Hong Kong ... in Hong Kong stocks and has been under preparation for more than a year. The scheme was announced on August 20, catching many by surprise, including the senior Hong Kong government officials who ...

  10. Exchange Fund heading for first full-year loss

    Posted Nov 22nd 2008, 12:00am by Staff Reporter

    ... Maria Chan Reserve posts HK$83b loss for first 9 months amid turmoil Hong Kong's Exchange Fund, the reserve that backs the Hong Kong dollar, is set to record a full-year loss ... moving into October and November,' Joseph Yam Chi-kwong, chief executive of the Hong Kong Monetary Authority, told the Legislative Council. An analyst said the fund could suffer a full-year ...




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