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18.05.26 - 12:06
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Evergrande liquidators seek US$8.4 billion from PwC entities in Hong Kong lawsuit (SCMP)
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The liquidators of China Evergrande Group are seeking 57 billion yuan (US$8.4 billion) from three PricewaterhouseCoopers (PwC) entities in one of the largest corporate lawsuit claims in Hong Kong, arguing the firm's global coordinating arm assumed responsibility for audits linked to the collapsed developer's accounting scandal.
Evergrande's liquidators, Tiffany Wong and Eddie Middleton of Alvarez & Marsal, were seeking 57 billion yuan from PwC International, PwC Hong Kong and PwC China jointly,......
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18.05.26 - 02:30
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Mainland Chinese demand for Hong Kong homes grows on yuan gains and rising rents (SCMP)
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Mainland Chinese buyers snapped up 5,777 Hong Kong homes in the first four months of 2026 – already equal to more than 41 per cent of last year's total transactions – as demand accelerated on the back of aggressive new home launches, rising rents and expectations of further yuan appreciation.
The pace of buying picked up sharply in April, when mainland Chinese registrations rose nearly 48 per cent month on month to 1,892 deals, the highest level in two years. Transaction value climbed nearly 31......
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17.05.26 - 13:00
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Hong Kong High Court to hear Evergrande liquidators′ lawsuit against PwC on Monday (SCMP)
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The liquidators of China Evergrande Group's lawsuit against PricewaterhouseCoopers (PwC) International will have their case heard in the Hong Kong High Court on Monday, according to records posted on the judiciary's website.
The one-day hearing was scheduled before Deputy Judge Patrick Fung Pak-tung of the High Court and would be open to the public, the court information showed. It concerns efforts by Evergrande's liquidators to seek claims from PwC International over the developer's auditing......
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17.05.26 - 05:30
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Every window a solar panel: Australia-China joint venture to set up in Hong Kong (SCMP)
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ClearVue Technologies, an Australian solar technology company, will set up a joint venture with a Chinese partner in Hong Kong to produce power-generating glass for building facades, a concept seen as timely given rising energy prices amid geopolitical tensions.
The Australian Securities Exchange-listed firm aims to take advantage of the manufacturing prowess of mainland China to provide “affordable” glass for commercial buildings via the joint venture with vacuum-glass maker LandVac, said Doug......
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17.05.26 - 04:00
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Fresh concepts lift Hong Kong retail property as tourists and consumers return (SCMP)
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Hong Kong's retail property market is gradually building momentum as spending and confidence of consumers and tourists return, according to analysts.
Unlike the city's past peak rental levels, however, this time the tenant mix was more diversified, with retailers offering unique experiences and products that enhanced their appeal to shoppers, they said.
“We see structural shifts towards more experience-driven and diversified tenant mixes, rather than a full return to past peak rental levels,”......
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16.05.26 - 04:06
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Hong Kong market regulator takes on ′collection agent′ role for wronged investors (SCMP)
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On a warm Saturday in early May, the kind of day most would choose to spend on a hike or at the beach, hundreds of Hongkongers instead stood for hours in a queue at Edinburgh Tower in Central.
But despite the loss of a pleasant weekend afternoon, none would be likely to consider it time wasted. They were there claim their fair share of HK$1.5 billion (US$191 million) owed to independent shareholders of Giordano International in the largest settlement on record by the city's Securities and......
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15.05.26 - 14:00
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6 bids for Hong Kong land sale signal renewed confidence despite market caution (SCMP)
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The Hong Kong government's first land sale in the current financial year has drawn six bids, according to the Development Bureau, including those from the city's largest developers, suggesting a more confident outlook for the residential property market.
At the close of tender for Tung Chung Town Lot No 54 at Area 106A on Friday noon, Sun Hung Kai Properties (SHKP) submitted a solo bid, while Kerry Properties and Sino Land submitted a joint offer, the groups separately confirmed to the South......
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15.05.26 - 00:30
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Hong Kong GDP Data Due On Friday (AFX)
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HONG KONG (dpa-AFX) - Hong Kong will on Friday release Q1 numbers for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. In the previous three months, GDP was up......
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14.05.26 - 13:00
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Chow Tai Fook turns from tenant to owner with US$51 million Hong Kong school property deal (SCMP)
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Chow Tai Fook Enterprises, the private investment vehicle of Hong Kong property tycoon Henry Cheng Kar-shun's family, and related parties, has acquired a Taikoo Shing school campus from Swire Properties in a deal estimated at about HK$400 million (US$51 million), which analysts described as a bet on long-term demand for international schools in the city.
The deal – nearly doubling the property's valuation from an internal transfer in late 2023 at HK$213 million – marks a change from leasing to......
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