Hong Kong stocks closed higher yesterday for the sixth consecutive day, led by mainland property developers buoyed by optimism that Beijing may relax controls on home-buying in the country.Saturday, 29 October, 2011, 12:00am
Premier Wen Jiabao has urged stronger financial support for cash-strapped smaller businesses, amid reports that many small and medium-sized enterprises are facing bankruptcy due to credit tightening.
Wen (pictured) made the remarks during a visit to Wenzhou, a hub of private capitalism, in Zhejiang province on Monday and Tuesday, Xinhua reported.6 Oct 2011 - 12:00am
A spate of bad news on the home front, including another rise in interest rates, has sent Hong Kong home prices and deal numbers tumbling.
The latest blow to market confidence came on Friday when the city's two biggest home lenders, HSBC and Bank of China (Hong Kong), raised their mortgage interest rates.21 Sep 2011 - 12:00am
Bank of Communications, whose first-half profit rose almost 30 per cent, said six loans to local government financing vehicles (LGFV) had defaulted, but it remained confident that most of the billions of yuan in similar loans could be repaid.19 Aug 2011 - 12:00am
A rebound in the secondary market's home sales ran out of steam last week, on an absence of positive factors to entice more buyers to enter the market, according to real estate agency Ricacorp Properties.27 Jul 2011 - 12:00am
Prices of mass-market housing in Hong Kong will decline 5 to 10 per cent from their May peak, pushed down by government measures to cool the market, according to property consultant DTZ.
Luxury home prices would be more stable because owners had greater financial strength and were not easily forced to sell, it said.15 Jul 2011 - 12:00am
Real estate investment on the mainland has slowed as a result of ongoing official measures to cool the property sector.
Investment in the sector grew 32.9 per cent in the first six months of this year from the same time last year. This compared with 34.6 per cent year-on-year growth in the first five months of this year.14 Jul 2011 - 12:00am
Industrial and commercial property sales in Hong Kong are expected to fall in the second half of this year as banks tighten lending but prices will continue to rise, agents say.
'Negative factors are starting to surface and it will inevitably affect the market temporarily,' Roy Wong Ying-nin of Ricacorp Properties said.14 Jul 2011 - 12:00am
Flat owners are cutting prices to unload their investment properties because they fear the government will launch more cooling measures on top of last month's tighter restrictions on mortgage loans.6 Jul 2011 - 12:00am
Playing the currency markets may sound like a good idea, especially if you have expenses in a currency other than the one you are earning. Plus, there are the enticing tales of big foreign-exchange gains to quickly build a nest egg. But it's risky business.20 Jun 2011 - 12:00am
Colliers International has warned that tighter mortgage policies by banks may affect the growth of residential sales. It says mainland buyers now represent about 40 per cent of total buyers in the super-luxury sector, while average luxury residential prices have exceeded their peak in 1997 by 41 per cent.10 Jun 2011 - 12:00am
Residential property prices in Hong Kong could drop as much as 15 per cent if mortgage rates increase 2 percentage points over the next 12 months, according to a brokerage.20 May 2011 - 12:00am
The mainland's two largest banks yesterday posted bumper profits for the first quarter as rising interest rates and robust loan demand boosted net interest income.29 Apr 2011 - 12:00am
April 5, 2011 Central bank increases interest rates again;
March 18 Mainland raises banks' required reserves for sixth time since November, to tame inflation;
January 27 Shanghai, Chongqing introduce property tax;15 Apr 2011 - 12:00am
Evergrande Real Estate Group plans to launch about 10 new residential projects for pre-sale in the coming Labour Day holiday in May, traditionally a peak time for property sales.
Vice-chairman James Xia Haijun said he expected the projects would have a combined a gross floor area of approximately 1.5 million to two million square metres.13 Apr 2011 - 12:00am