Economy of London

Fund exemplifies London's reliance on banking and dodgy foreign cash

Luxury property in prestigious areas of London like Belgravia continues to be popular with wealthy foreigners. Photo: Bloomberg

As a symbol of Britain's ill-advised romance with banking and dubious foreign money, a new prime London property investment fund is hard to beat.

Thursday, 13 March, 2014, 1:13am

Safe and sound

London's property market has achieved record prices this year, but analysts say next year will be one of consolidation.

London will continue to draw investors despite short-term movements in its property market, according to experts who are keen to stress that the city's fundamental economic and political strengths make it a low-risk destination.

14 Dec 2012 - 11:49am

London port project woos Chinese firms

Senior executives from the GBP1.5 billion (HK$18.5 billion) London Gateway port and logistics development due to open at the end of next year are wooing Hong Kong and mainland-based shipping and cargo firms.

19 Mar 2012 - 12:00am

Heritage site setting for project

British property developers United House and Lane Castle, acting for JER Partners, will be adding an extra 'buzz' to London with a new project - Paynes and Borthwick Wharves.

On paper, it is just another luxury mixed-use property development, but the developers say there's more to it.

10 Feb 2012 - 12:00am

Beijing shuns 'big bang' in opening up markets

While Beijing is taking a softly, softly approach to opening up its financial markets, London's 'big bang' reforms of the 1980s show that sudden liberalisation can pay dividends.

John Stuttard, lord mayor of the City of London, said the big bang reforms of 1986 allowed more international investors and companies into the city.

22 Oct 2007 - 12:00am

Big, blue fence seals feelings of ill will about Olympic village


Not a week goes by without some Olympic naysaying: about the overspends, knock-on effects, dwindling public support, embittered groups, claims of ill will and broken promises.

3 Oct 2007 - 12:00am

Slump hits London's commercial landmarks

Matters are going from bad to worse for London's office market. Rents have plummeted 16 per cent in the Square Mile and vacancy rates are rising across the capital.

25 Jun 2003 - 12:00am

Female prisoners in exams success

A group of female prisoners made the grade yesterday by passing exams while behind bars.

The 46 young offenders at the Tai Tam Gap Correctional Institution gained 96 certificates from local and overseas institutions, including the London Chamber of Commerce and Industry (LCCI), Pitman Qualification Examinations and the Open University of Hong Kong.

18 Aug 2001 - 12:00am

New laws to curb bullion scams urged

Police admit they are powerless to curb bullion trading scams sweeping Hong Kong and can do little more than educate the public.

Only one conviction has been made against an operator of a 'front' company which tricked new employees to invest in the London gold market.

3 Aug 1999 - 12:00am

Soaring turnover boosts London stocks offensive

The London Stock Exchange's (LSE) drive to attract more Chinese listings has received a boost after figures were released showing a dramatic increase in the trading turnover of mainland companies last year.

7 Apr 1998 - 12:00am

Finnish terminal at Tilbury

Forth Ports has reached agreement with three Finnish companies to develop and operate a dedicated Finnish terminal at London's Tilbury port.

Facilities will cost about GBP20 million (about HK$256 million) and are designed to handle more than 650,000 tonnes of paper products and general cargo a year in the deal with UPM-Kymmene, Metsa-Serla and Myllykoski Paper.

15 Dec 1997 - 12:00am

Big Bang may chase capital

Japan's Big Bang reform will result in a significant short-term outflow of foreign capital, Yale School of Management Dean Jeffrey Garten says.

Despite a short-term negative impact on Japan's economy, the reforms eventually would be welcomed by foreign investors and would attract capital back.

15 Oct 1997 - 12:00am

Reborn Lloyd's opens new doors

STARVED of cash during its five-year brush with bankruptcy, Lloyd's of London is offering investors new options and has long-term plans to court those with cash from far afield - in Hong Kong and beyond - if all goes well with its innovations.

6 Oct 1996 - 12:00am

China to sign pact on LSE listings

China's stock exchange watchdog, the China Securities Regulatory Commission (CSRC), and the London Stock Exchange (LSE) should be ready to sign a key memorandum of understanding in September that will allow Chinese companies to list in London.

3 Jul 1996 - 12:00am

Optimism reigns

Britain's office property market players are optimistic that 1996 will be a good year.

'The market, at the moment, is buoyant,' said David Green of Richard Ellis, the international estate agents, in London.

27 Mar 1996 - 12:00am