China 

Hong Kong protests could threaten city’s status as an international shipping hub, analysts say

Hong Kong’s status as an international shipping hub could be under threat, should China fast-track plans for economic integration due to the ongoing anti-government protests, analysts said.While Beijing has never spoken publicly about the economic consequences of the escalating protests over the past two months, a widely shared view within China is that the central government should reduce its reliance on Hong Kong as its key financial and logistics gateway to the rest of the world.This could… Source link

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China 

Could Hong Kong airport shutdown give Shenzhen the edge as top air hub in Greater Bay Area?

The shutdown of operations at Hong Kong International Airport (HKIA) for a second consecutive day on Tuesday has tarnished the city’s reputation and could prompt airlines to reassess the facility’s role as the main air transport hub for the Greater Bay Area, analysts said.That reassessment could be supported by Chinese government efforts to expand the capacity of other airports in the area to handle the expected increase in passenger traffic in coming years, they added.Hong Kong International… Source link

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Home 

Central needs upgrades to foster better connectivity for both people and cars, even as Admiralty takes over as leading hub

During Hong Kong’s early colonial period, Central was the centre of the city’s administration. One of the lasting legacies of 150 years of British rule is that Central remains Hong Kong’s financial hub, containing not only the headquarters of all the city’s leading banks, but also its financial regulatory authorities – the Monetary Authority, the Securities and Futures Commission and the Hong Kong stock exchange.But all cities change over time. Following completion of the Shatin-Central Link… Source link

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Vietnam 

HCM City seeks to become global financial hub – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HCM City’s downtown at night. HCM City authorities want the city to become an international financial hub. — VNA/VNS Mạnh Linh HCM CITY — HCM City has committed to develop a detailed plan to turn the city into a regional and international financial hub after years of delay in carrying out the ambitious goal. Nguyễn Thiện Nhân, secretary of the city’s Party Committee, said: “There’s no better time to do it now.” As an international financial hub, HCM City, which contributes 45 per cent to the country’s GDP, would enhance socio-economic growth locally, nationally and…

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Home 

Hong Kong stock exchange operator launches inline warrants, first new structured product in 13 years as part of plan to be Asia’s asset management hub

The operator of Hong Kong’s tock exchange will introduce inline warrants trading on Thursday, marking the first roll-out of a new structured product in 13 years, part of its three-year plan to diversify into a leading Asian asset management centre.Fifty inline warrants will start trading on Thursday (July 18) on the stock exchange, issued by six banks, BNP Paribas, Haitong, HSBC, JPMorgan, Societe Generale and Vontobel.They are derivative products linked to the Hang Seng Index and the share… Source link

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Singapore 

Cristiano Ronaldo causes a stir with appearance at Our Tampines Hub, Singapore News

Over 500 fans gathered at Our Tampines Hub (OTH) yesterday afternoon to catch a glimpse of Portuguese football star Cristiano Ronaldo. About 300 of them stood around several entrances of Arena@OTH and on the second and third levels of the stadium, but only the 200 fans at the South Arrival Plaza were able to catch a glimpse of the Juventus forward, who waved towards them and gave a thumbs-up as he left in a chauffeured car. The 34-year-old superstar, who arrived in Singapore on Tuesday, is expected to make an…

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Violent protests are a blot on Hong Kong’s reputation as a stable business hub, says Hopewell’s Gordon Wu

Violent protests will harm Hong Kong’s image as a solid business hub, as investors are worried that the city could descend into anarchy and mob rule, said Gordon Wu Ying-sheung, chairman of Hopewell Holdings, one of the first businessmen to condemn the protesters who stormed and vandalised the Legislative Council.“The violent protests are definitely not good for the city’s business environment,” Wu, 83, told the media on Wednesday. He added that if the law and order situation continues to… Source link

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Global 

China’s economic downturn hitting luxury commercial property and yachts in wealthy tech hub Shenzhen

In China’s hi-tech hub of Shenzhen, a confluence of factors, from over-exuberant commercial property developers, to the US-China trade and tech war, to an exodus of foreign investors, are weighing heavily on what was until recently a booming economy.The city – just over the border to the north of Hong Kong – is uniquely exposed to the multitude of headwinds facing the Chinese economy, given its track record of luring foreign capital as a special economic zone, and its status as a hotbed of… Source link

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Property 

Hong Kong’s new business hub at Kai Tak may fall years late as developers turn skittish

The bold vision to transform the former Kai Tak airport site into a second major business hub in Kowloon East may have to be put on hold for a while, as confidence in the project has been dealt a blow after a local developer judged it too risky to proceed with the purchase of a HK$11.1 billion (US$1.42 billion) site, according to industry experts.The government may opt to defer the sale of some commercial sites at the city’s former airport by up to two years until sentiment improves, a delay……

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Home 

New York takes back its crown as the world’s leading IPO hub in first half

New York looks to be taking back its title as the world’s top IPO market, as Hong Kong slipped to third place for the first half of the year after missing out on some blockbusters.According to data from Dealogic and EY, the New York Stock Exchange and Nasdaq have attracted a total of 118 listings so far this year, raising a combined US$33.6 billion.Hong Kong has raised just US$8.9 billion during the first six months of the year. Last year the city’s bourse had replaced New York as the top…

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