Property 

New ‘tiny home’ benchmark for Kowloon as developer rolls out Sham Shui Po project in layouts beginning at 129 sq ft

Hong Kong’s Kowloon district is about to realise a new benchmark for tiny home sizes that will test the market’s tolerance for what’s considered liveable space, with one developer set to launch a project in Sham Shui Po featuring layouts starting at 129 square feet, the smallest on record for the area. The 22-storey residential block named AVA 228 will feature 160 units with sizes ranging from 129 sq ft to 249 sq ft, according to the website of Magic Sight Holdings, a privately held developer owned by property investor…

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China 

China may cut benchmark interest rate before Lunar New Year, says economists

The rapid deterioration in China’s economic data could spur the central bank to cut its benchmark interest rate as soon as Friday, according to Barclays Plc economists. “Existing measures are not sufficient to lower the financing costs of the real economy, in a down-cycle with rising credit risk and falling producer-price inflation,” the analysts led by Jian Chang wrote. “Hence, lowering the risk-free rate is unavoidable, in our view.” Chang was the only economist in Bloomberg surveys to correctly predict rate cuts that policymakers enacted in late 2014. China’s central…

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Home 

Bloomberg to include yuan-denominated, Chinese government bonds in its benchmark indices

Financial information provider Bloomberg said on Thursday that it will include yuan-denominated, Chinese government bonds in a key global debt index from April, further expanding the importance of yuan as a global currency. It is the latest effort to increase the exposure of benchmark indices to Chinese securities as Beijing moves to further open up its financial markets and global investors look for additional opportunities to access the mainland markets. Bloomberg said that yuan-denominated government bonds and policy bank securities would be added to the US$54 trillion Bloomberg Barclays Global…

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Home 

Fears of poor iPhone sales hit Apple suppliers in Hong Kong as benchmark sheds 2.1 per cent

Hong Kong and Asian stocks were mired in red on Tuesday as Apple-related stocks took a beating after an overnight tech stock rout in the US, led by fears of a decline in demand for iPhones and an escalating US-China trade war. The Hang Seng Index fell 2.1 per cent, or 509 points, to 25,123.57 in early trading, the third time in seven days that the benchmark has fallen by more than 2 per cent. In Tokyo, the Nikkei 225 shed 3.3 per cent, South Korea’s Kospi lost 2 per…

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Investment 

Bank of East Asia and China Merchants Port kicked out of benchmark Hang Seng Index

China Merchants Port Holdings and Bank of East Asia, long term constituents of Hong Kong’s benchmark Hang Seng Index, will be replaced by Sino Biopharmaceutical and Shenzhou International Group Holdings from September 10, index compiler Hang Seng Indexes Company said on Friday as part of its quarterly review that ended on June 29. Sino Biopharmaceutical, listed since 2000, the Chinese drug maker has been a constituent of the Hang Seng Composite Industry Index since 2010. It is a also part of MSCI China Index since 2013. Shenzhou International Group, the…

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Investment 

Global index compiler MSCI considers quadrupling Chinese stocks’ weightings in its benchmark gauges

MSCI is considering raising the weighting of Chinese stocks in its benchmark indexes four fold and adding small-cap companies for the first time. The US-based index compiler will immediately start a consultation with global investors, and the inclusion factor of yuan-traded A shares may increase to 20 per cent from 5 per cent, MSCI said in a statement on Wednesday. Implementation will be carried out in two phases, with the weighting increasing by 7.5 per cent each during the May and August review process next year. The final result of…

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