Parent FMG is also reportedly planning a more than US$100 million initial public offering in Hong Kong.
The industries in question include integrated circuits, biopharmaceuticals and new materials.
Around 15 per cent of the office space in the business district is currently vacant because of weak demand.
Most executives expect revenue growth next year, and hiring intentions are at a four-year high, CPA Australia report says.
At about 2.03 per cent, rental yield is still way below the benchmark home mortgage financing rate to spark investment in new homes.
5 Dec 2024 - 4:30PM videocam
Shimao faced liquidation petition from Hong Kong branch of state lender CCB over unpaid borrowings.
Sino Ocean and Shimao debt plans inch ahead in ‘positive signal’, but true recovery is still far off given structural issues, analysts say.
The divestment comes amid Sunac’s efforts to restructure about US$2 billion in onshore debt.
Stake in New World Sports Development, the developer of Kai Tak Sports Park, sold to Chow Tai Fook Enterprises for US$53.5 million.
Hong Kong Metropolitan University makes its second purchase in six months in this year’s biggest commercial deal.
Only 55 per cent of employers expect to give pay increases ranging from 1 to 5 per cent, a Robert Walters survey shows.
27 Nov 2024 - 4:33PM videocam
Sales of top dairy firms like China Mengniu and Inner Mongolia Yili fell between 9 and 13 per cent in the first half, S&P said.
26 Nov 2024 - 7:00AM videocam
Fraser said the Wall Street bank will ‘further its participation in the market to help promote US-China economic ties and trade’.
Starbucks is ‘working to find the best path to growth, which includes exploring strategic partnerships’, according to a statement.
Former HKMA head Norman Chan says capital circulation is not as seamless as it used to be.
Diverting investments from China to neighbouring economies as a hedge against tariffs and geopolitical risks will boost Asia’s growth, HSBC’s Elhedery says.
Chinese officials, speaking in Hong Kong, say they support the city as the bridge between the mainland and the rest of the world.
19 Nov 2024 - 7:58PM videocam
Survey shows 70 per cent of Hongkongers believe Trump will be better for global economy than opponent Harris.
‘Pretty sizeable’ reductions would ease burdens on buyers and sellers, accelerating listings and sales, analyst says.
A release of pent-up demand driven by rate cuts has given developers a much-needed sales boost.
Unexpected prime-rate cut by local lenders seen bringing more buyers into market, shoring up prices.
Bond financing in the property sector rose for the second month in October, rising 3.2 per cent from last year to 29 billion yuan, according to the China Index Academy.
While China’s September stimulus blitz has restored US$4 trillion of value to stock markets, the wealth effect in the property sector is less obvious and immediate.
2 Nov 2024 - 10:02AM videocam
Sales by the nation’s top 100 developers rose in October, the first month of year-on-year increase in 2024.
1 Nov 2024 - 3:00PM videocam
Gen Z users are in the crosshairs of online scammers who prowl forums and dating sites for prey, according to TransUnion.
Move represents another effort to forge Middle East ties amid frayed China-US relations.
30 Oct 2024 - 6:01PM videocam
Retailer sees US and Europe as key markets as sales in stores outside mainland China notch 43 per cent growth.
Shanghai, Beijing and Shenzhen are on the way to recording multi-month highs in property transactions.
28 Oct 2024 - 2:19PM videocam
All 158 units in the project in Dongjiadu, Huangpu district, were sold, fetching the developer US$825.8 million.
‘We believe China remains a key market for international investors due to its size and growth potential,’ CEO says.