Wirtschaft/ Politik Hong Kong (China)      22963.354     -0.26%     (Hang Seng Kurs)

 

The Hong Kong dollar fell to its weakest level against the US dollar in about 10 months, as a stronger greenback and expectations for further Federal Reserve rate hikes pressured Asian currencies....

Hong Kong home prices grew for a 12th month in May, extending the longest winning streak since 2018, a sign that the residential market recovery is taking hold....

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China Gold Imports Soar To Two Year High, As Hong Kong Gold Bar Imports Surge Ahead Of Clearing System Launch China's monthly gold imports reached their highest in more than two years in May, showing the world's biggest buyer's appetite for bullion remained resilient as prices remained under pressure; the number prompted some to scratch their heads as to where all this gold is going in light of tepid official central bank purchases, coupled with the lowest gold withdrawals from the Shanghai Gold Exchange since the covid outbreak.  As Bloomberg reports, imports were around 163 tons last month, the highest since March 2024, according to customs data released on Saturday. Volumes for the first five months of 2026 were about 692 tons, up by about 76% from a year earlier.  Chinese demand for physical bullion bars, as well as metal linked to gold accumulation plans (low-barrier products that allow investors to buy gold incrementally), have been among the main drivers of the surge, said Song Ji...

CANBERA (dpa-AFX) - Singapore will on Tuesday release May numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In April, overall inflation was down 0.3 percen......

Hong Kong's property market slowed over the Dragon Boat Festival holiday weekend as outbound travel and unstable weather dampened viewing activity, while developers held back major launches ahead of a fresh pipeline of projects expected to hit the market in the coming weeks. Developers rolled out 104 new homes during the three-day Tuen Ng or Dragon Boat Festival holiday weekend, but only around half had been sold by Sunday, according to Midland Realty, with most sales coming from existing......

Hong Kong homebuyers showed interest in 130 flats put on sale by developers on Thursday evening, but the pace of buying was more measured after an interest-rate increase later this year became more likely. Agents said 30 of the 75 units put on sale at Phase 4B of La Montagne at the Southside project at Wong Chuk Hang MTR station sold on Thursday. The two-bedroom units had saleable areas ranging from 484 to 546 sq ft, with prices starting at HK$13.4 million (US$1.7 million) after discounts. With......

New homes that Hong Kong developers will launch in the coming days and weeks will serve as a crucial test of the impact of Beijing's latest capital-control measures, amid signs of recovery in the city's residential property market. “Seemingly, a number of developers have turned more cautious in launching primary projects of late,” said Jack Tong, director of research and consultancy at Savills Hong Kong. Mainland Chinese buyers had accounted for about a third of all home purchases in Hong Kong......

Hong Kong Financial Secretary Paul Chan said the city would attempt to “inspire the confidence” of Chinese authorities, after Beijing's sweeping crackdown on illicit overseas investment cast a chill over banks in the city....

Singapore-listed developer Wee Hur Holdings is expanding its Hong Kong student accommodation platform with the acquisition of One Bedford Place, a lender-controlled office tower that it plans to convert into a 500-bed student housing project. The company said in a filing to the Singapore Exchange on Tuesday evening that it had acquired One Bedford Place for an undisclosed sum, deepening its push into Hong Kong's fast-growing student accommodation market. “This investment reflects our conviction......

Hong Kong's new status as the world's top cross-border wealth hub, overtaking Switzerland, alongside a recovering local housing market and strong initial public offerings (IPOs), is translating into a boom for high-end malls, with landlords enjoying improved revenues and rents. Hard luxury and jewellery segments have posted consecutive months of robust growth, though the era of traditional high-street dominance has ended. Industry experts said the market was increasingly defined by targeted......

Beijing's latest efforts to tighten oversight of cross-border capital flows have sparked concerns that a reduction in mainland demand for Hong Kong homes could impact the city's recovering property market. The debate follows a series of measures unveiled in recent weeks, including tighter scrutiny of unauthorised offshore brokers and guidelines issued to crack down on illegal cross-border fund-transfer channels. The move has fuelled fears that mainland residents could face greater hurdles in......

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Casa Hotel, a boutique hotel in Hong Kong's Yau Ma Tei district, has ceased operations after nearly two decades, with market speculation suggesting the building has been leased to a student-housing operator after repeated attempts to sell it failed. A notice posted outside the three-star hotel said the property officially closed on May 31, thanking customers for their support over the years. No reason for the closure was given. The 162-room hotel occupies a 14-storey commercial-residential......

The government's investment arm achieved a double-digit internal rate of return last year, greater than many newly established venture capital funds, according to its CEO. “Many overseas funds have a J-curve performance, as they tend to suffer an initial loss before a gain,” said Clara Chan Ka-chai, CEO of Hong Kong Investment Corporation (HKIC). “But we have already bypassed the J-curve, as we have earned HK$2.3 billion [US$293 million] in 2024, while we have achieved a double-digit rate of......

Hong Kong's student housing sector is entering a new phase as larger institutional-style deals emerge from the city's distressed commercial property market, signalling that professional investors are cautiously returning after years of falling asset values. Investors and analysts said the market was moving beyond the smaller hotel conversions that dominated the past two years, with more sizeable transactions expected as financing conditions improve, distressed sales accelerate, and buyers hunt......

SEOUL/TOKIO/HONGKONG/SHANGHAI (dpa-AFX) - Die asiatisch-pazifischen Aktienmärkte haben am Freitag wieder zugelegt. Sie reagierten mit teils deutlichen Gewinnen auf Nachrichten zu einer möglichen Annäherung zwischen den USA und dem Iran im Krieg. Die Ölpreise ......

Leading American banks are rolling out advanced artificial intelligence tools powered by US technology in their Hong Kong offices, charging ahead with adoption even as escalating geopolitical tensions threaten to shut the Chinese city out from top-tier software. In a prime example of this push, Citigroup Hong Kong this month began trialing a new in-house AI agent platform called Arc, initially targeting local software developers and engineers, according to a source. The bank has said that Arc......

Hong Kong's lived-in home prices rose for the 11th consecutive month to a 30-month high in April, even as the rate of growth slowed compared with March, while rents in the city rose to another record high. Analysts said home prices in both primary and second markets would continue to improve this year and next, amid growing buyer confidence. According to the Rating and Valuation Department's data, the private lived-in home price index in the city rose to 316.6 in April, representing a 0.89 per......

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