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The Hong Kong government announced last Wednesday to relax the cap on the property value eligible for a mortgage loan with a maximum cover of 80 per cent loan-to-value (LTV) ratio from HK$6 million to HK$10 million (US$1.27 million). For mortgage loa...

Chinese fintech firm 51 Credit Card is being investigated by police for employing underhand tactics to chase delinquent borrowers, showing resolve by authorities to clean up the peer-to-peer lending industry.The Hong Kong-listed company, which operat...

China’s property developers are pricing their new home projects at a discount to drum up sales amid market-cooling measures, seeking to boost cash as a sliding currency raises the cost on debt repayment.Some builders are cutting as much as 10 ...

With a US$1.5 billion casino expansion opening Thursday in Florida, Hard Rock International may soon be turning its attention to other markets.One option may be heading to the Las Vegas Strip with a new location – once an existing Hard Rock pr...

Some landlords are getting desperate in attracting tenants to their offices in Hong Kong, as more than four months of civic unrest have deterred many companies – especially mainland Chinese tenants more willing to pay top dollar for marquee ad...

The global policy axis is shifting towards more monetary stimulus and not a minute too soon, judging by the slowdown in economic activity indicators in recent months. Critics say this is creating asset bubbles in the bond and equity markets, claiming...

Good day, traders -- Well, US President Donald Trump signalled confidence that an end to the trade war with China is coming. “The deal with China’s coming along very well. They want to make a deal,” Trump told reporters Monday. ...

Banks, particularly those in the Asia-Pacific region, must think hard about “radical” moves to reshape their businesses as the global economic cycle reaches a late stage and central banks become more dovish, according to a new report by...

China is now home to the world’s largest number of start-ups valued at more than US$1 billion, edging out the United States and raising the stakes in the two countries’ trade war.Of the 494 tech unicorns founded in the 2000s that have n...

In its new report, the International Monetary Fund forecasts global growth in 2019 of 3 per cent, the lowest since the global financial crisis of 2008-9. This is largely due to the US-China tariff war, which has contributed to a projected slowdown in...

Beijing is letting Hyundai Group, the South Korean car maker, gain full ownership of one of its mainland operations – a rare move by China to cede its stake in a joint venture with a foreign company, the South China Morning Post has learned.Th...

Hong Kong’s securities regulator is stepping up supervision of underwriters as it cracks down on misconduct during IPOs and bond sales to improve overall market quality, a top official said.The SFC has already been cracking the whip on market ...

Alibaba Group Holding is expecting an additional 100 million consumers to shop on its Tmall and Taobao online platforms but declined to provide targeted sales value for the Singles’ Day shopping festival on November 11.The e-commerce giant sai...

ESR Cayman, the Asia-Pacific-focused logistic real estate developer co-founded by Warburg Pincus, is looking to raise as much as US$1.45 billion in a second attempt at flotation in Hong Kong amid signs of revival in investor appetite.The initial shar...

China’s benchmark stock gauge rose for the first time in five sessions as banks and insurers rallied after policymakers left a key loan rate unchanged.The Shanghai Composite Index rose 0.1 per cent, or 1.48 points, to 2,939.62 on Monday, as a ...

The recent easing of mergers and acquisitions rules for listed companies by China’s markets regulator – put in place after the 2015 market crash – will bolster secondary fundraising and shore up private firms hurt by Beijing ...

UBS Group is cutting about 40 jobs in the Asia-Pacific region as part of a global push to trim costs and combine its trading units, according to a person familiar with the matter.The staff reductions are roughly split between UBS’s markets and...

Sales of Hong Kong’s lived-in homes jumped by more than threefold over the weekend after the government last week raised the mortgage entitlements for borrowers, catching banks off guard with a sudden flurry of financing applications, brokers ...

New home prices in China grew at a steady pace in September, with fewer cities reporting price gains, a relief for policymakers who remain wary of high debt and bubble risk and are refraining from stimulating the sector as the economy cools.The prope...

Stock markets, in the United States especially, have become bubbles that refuse to burst or liquidity lakes that refuse to drain even as vitality leaks from the global economy. What is with this death-defying quality that many equity (and bond) marke...