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An employee works at a factory producing stainless steel materials in Qingzhou, in eastern China’s Shandong province. Photo: AFP

Editorial | Industrial profits slide highlights China’s need for balanced economy

Amid mixed signals on the health of the economy, President Xi Jinping calls on top officials to keep China on track to meet annual growth target of about 5 per cent.

Opinion | Why Trump tariffs 2.0 may well result in a G2 world

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Gold’s shine fades in India as US election, high prices dampen Diwali demand

Hong Kong property: Chinachem’s Cheung Sha Wan project sells out

The developer found buyers for all 198 units in the project, agents said.

Property agents and buyers gather at Chinachem’s sales office for a chance to buy flats in Echo House on Sunday. Photo: Elson Li

HKEX’s third-quarter profit rises 7% on IPOs, turnover

Funds raised from IPOs in the June to September quarter reached HK$42.2 billion, six times higher than a year earlier.

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Asia hedge funds outperform global peers on September rally

September gains near 5 per cent pushed Asia fund returns to 9.7 per cent for the first nine months, above the global average.

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Chinachem to sell Hong Kong flats at 2016 levels as recovery proves elusive

Developers still need to offer discounts as market purchasing power is still not sufficient, according to Martin Wong at Knight Frank.

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Potential buyers look at a model residential project by Henderson Land in a showroom in Tsim Sha Tsui in June 2024. May Tse

Macroscope | Why investors should be fearful when China bulls are greedy

While there are reasons for optimism with the news coming out of the Fed and Beijing, the case for caution is much stronger.

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Hong Kong developers plan nearly 18,000 new flats amid rate cuts

The government has approved presale consent for several projects, with developers eager to offload unsold inventory.

Citigroup boosts Hong Kong team to support Chinese firms’ global ambitions

Wall Street bank strengthens advisory services team as it targets mid-sized companies with specialised banking services.

Citigroup’s commercial banking arm is hiring strategically in Hong Kong under a newly introduced team structure. Photo: Jelly Tse

China’s yuan faces volatility amid US pressure and home-grown stimulus: analysts

A stronger yuan could drag down China’s export growth, and the central bank is expected to guard against excessive appreciation.

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Strong US jobs data released last week could affect the exchange rate between the US dollar and Chinese yuan, according to some analysts. Photo: Shutterstock

HSBC sees 6 US rate cuts until June in boon for Hong Kong’s economy

Lower rates will benefit the city’s economic recovery, but there has been no immediate increase in demand for loans, HSBC Hong Kong CEO Luanne Lim says.

Hong Kong developer Lai Sun’s property project lapped up by buyers

Buyers flock to Lai Sun’s The Parkland in Yuen Long, snapping up nearly all units amid rate cuts and stock market gains, boosting market confidence.

Homebuyers flock to Sun Hung Kai’s Cullinan Sky project in Kai Tak amid rate cut

As of 7pm, homebuyers snapped up 204 flats out of the 300 units on offer at Cullinan Sky Phase 1.

Homebuyers pack Sun Hung Kai Properties’ sales office for Cullinan Sky Phase 1 at the ICC in West Kowloon. Photo: Jonathan Wong

Opinion | How a wider Middle East war could bring a world recession

Volatile oil prices, shaky investor confidence and prospects of interest rate increases threaten a global slowdown if Israel’s war expands.

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Illustration: Craig Stephens

Foreign inflows may persist as China’s policy easing gives assets facelift

Analysts expect inflows into Chinese assets to persist as Beijing continues to implement easing measures.

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India’s stock market set for surge with high-profile IPOs ahead of Diwali

India’s stock market is set for a surge in IPOs, thanks to the US Fed’s rate cut and during the festival season, with new listings expected to raise US$5 billion.

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Hong Kong’s MPF makes US$19 billion in first 9 months fuelled by market rally

Fuelled by interest rate cuts and China’s stimulus measures, the market rally took MPF’s total assets to a record HK$1.327 trillion.

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The MPF’s average account balance for its 4.75 million members was now worth more than a brand-new Tesla Model 3 or a Hermes Birkin handbag. Photo: Xiaomei Chen

Hong Kong property deals bottom out in September, but October is looking better

Sales of new and lived-in homes, offices, shops, car parks and industrial spaces dropped 18.7 per cent to 3,843 units in September.

Fed rate cut could propel Hong Kong to top 3 on global IPO table by year-end

Lower rates will drive investors away from US dollar assets towards Hong Kong and Chinese markets, with Beijing’s recent stimulus acting as a catalyst.

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In Hong Kong, young investors are chasing the US$1.8 trillion stock rally

An influx of young investors has overwhelmed some online trading platforms, leading some to opt for physical branches to open accounts to cash in on potential gains.

The flag for Hong Kong Exchanges and Clearing flies in Hong Kong. The city’s stock market has been on a tear in the past few days. Photo: Bloomberg

Hong Kong property investors to keep powder dry as rate cut fails to tempt

‘I would not say an interest-rate-cut cycle has begun,’ expert says. ‘Therefore, we won’t be seeing many investors entering the market.’.

A view of Tung Chung Reclamation, Tung Chung New Town Development, on June 17, 2024. Photo: Jelly Tse

Rising bad debts on Hong Kong commercial property ‘a concern’: HKMA CEO

The increase is ‘not alarming’ as the banking system is robust enough to handle the uptick, according to Eddie Yue.

Hong Kong developers have best day since May as 200 flats snapped up on rate cut

Hong Kong saw the most number of new flats sold on a single day since May as market sentiment improved after a rate cut by the HKMA.

Macroscope | Can central banks really prevent a repeat of the Great Depression?

As we wrestle with challenges similar to those before the 1920s slump, let’s not rely on central bankers to save us from economic calamity.

US dollar and Chinese yuan banknotes are seen in this illustration taken on January 30, 2023. Photo: Reuters

A rush of mega IPOs could put Hong Kong back on top of the IPO table

IPOs in the city reached US$7.14 billion in the first nine months, exceeding last year’s total of US$5.9 billion, LSEG data shows.

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Hong Kong stock exchange’s IPO fortunes have picked up in recent weeks. Photo: Bloomberg

Hong Kong home rents surge to near record highs as flat prices sink

A seasonal influx of renters and bets on further declines in home prices are driving the trends, analysts say.

China’s yuan continues upward climb after Beijing’s stimulus roll-out

The yuan reached its highest level in over a year on Wednesday following interest rate cuts and new measures from China’s central bank.

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US Federal Reserve
Founded in 1913, the Federal Reserve is the central banking system for the United States.
last updated:
9 September, 2024
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