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Hong Kong’s May lived-in home prices rise at a slower pace as escalating trade war deterred buyers from big-ticket purchases

Prices of Hong Kong’s lived-in homes increased at a slower pace in May, as the escalation of the US-China trade war created uncertainty for the city’s business operations and investments, giving buyers a reason to hold back their big ticket purchases.The index of used homes rose by 1.4 percentage points to a record 396.8, according to data by the Rating and Valuation Department, slowing down from April’s increase of 3.2 percentage points.Last month’s data could be the start of another turning… Source link

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China’s new home prices rise 0.71 per cent in May, accelerating at the fastest pace in six months

China’s new home prices rose at an accelerated pace in May, bolstered by robust gains in lower-tier cities, while Shanghai and other top tier cities recorded modest to flat growth amid indicators that pointed to slowing investment and sales by volume on year.The average cost of a new home increased by 0.71 per cent in May from April, the fastest gain since November, and an acceleration from 0.62 per cent in April on month, according to Bloomberg calculations based on National Bureau of… Source link

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Equitisation moves at a snail’s pace in May – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The equitisation of State-owned enterprises is moving at a snail’s pace, with just 30 out of 127 firms having their plans approved. — Photo searchengineland.com HÀ NỘI  Only three state-owned enterprises got the nod from the State authority for their equitisation plan in May, lifting the total number of companies to have plans approved in the first five months of the year to 30, according to the Ministry of Finance. This was a poor result given that a total of 127 state-owned enterprises (SOEs) must be equitised by…

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Hong Kong’s home prices gather speed in April, rise at the fastest pace in more than six years

Hong Kong’s pre-owned home prices rose at the fastest pace in more than six years, but analysts expect the uptrend to taper off as buying interest has been adversely hit by the escalating US-China trade war.The price index of used homes rose 3.2 per cent to 390.5 in April, faster than the 3 per cent growth in March, according to data released by the Rating and Valuation Department on Friday.The growth is the fastest for 75 months since February 2013, when a 3.23 per cent rise was recorded, said… Source…

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Hong Kong’s dollar weakens below low end of trading band as capital flight from China’s stocks gathers pace in escalating trade war

The Hong Kong dollar briefly touched the lower limit of its trading band in late New York trading on Friday, as capital from a withdrawal of exchange traded funds (ETFs) and from China’s stock market was converted back into hard currency.The local currency touched 7.85000 per US dollar in New York, the weak end of a HK$7.7500 – HK$7.8500 trading band against the US dollar, which was introduced in 2005. It is not clear if it was traded at that level.Under the Linked Exchange Rate System, the… Source link

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Hong Kong’s March home prices rise at the fastest monthly pace in 30 months, as city struggles to keep runaway market in check

The prices of Hong Kong’s pre-owned homes rose 2.9 per cent in March from the previous month at the fastest monthly pace in almost three years, as the city’s government struggles for policy responses to keep runaway prices in check.The price index of pre-owned homes rose to 377.5 in March, according to the Rating and Valuation Department’s data. Prices have risen by 4.6 per cent in the first quarter of 2019, recovering from a 9.2 per cent decline from August to December last year. The last time… Source link

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Hong Kong’s dollar millionaires swell at the slowest pace since 2014, as trade war-induced bear market crimped fortunes

The ranks of Hong Kong’s US dollar-denominated millionaires grew at their slowest pace since 2014, as the US-China trade war weighed on financial markets and depressed stock values all over Asia, according to a report by Citibank.The number of Hong Kong residents with at least HK$10 million (US$1.27 million) in assets, including property holdings, rose 3 per cent last year to a record 511,000, based on Citibank’s telephone survey and interviews with 4,192 respondents. Of these, the number of… Source link

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Global investors to fully adopt green investments by 2030 as trend gathers pace, finds survey

Green investment is set to take off in the next three years and will become integral to institutional investors’ approach by 2030, according to a report by Allianz Global Investors (AllianzGI) released on Wednesday.Green investment strategy, also known as environmental, social and governance (ESG) approach, refers to financial investments that can help reduce pollution and have a positive impact on society.More than 70 per cent of the 450 institutional investors managing US$15 trillion worth of… Source link

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Hong Kong’s real estate bull market regains its pace, as sales value of city’s subsidised homes soar to 22-year high

Hong Kong’s property bull market regained pace after a brief falter, extending its reach over to the city’s subsidised housing market as the number of transactions and sales value soared.The number of pre-owned flats sold through the Home Ownership Scheme (HOS) increased 60 per cent to 477 units in March, compared with the previous month, according to data from Centaline Property Agency. Their sales value jumped 64.6 per cent to HK$2.41 billion (US$307.12 million).The monthly transactions were… Source link

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Standard Chartered CEO ‘absolutely’ pleased with pace of turnaround, but says there is more to do

Bill Winters, the Standard Chartered chief executive, says he is “absolutely” happy with progress the emerging markets lender has made and believes it is heading in the right direction.Nearly four years since he took the top job at the bank, Standard Chartered is profitable, has a less risky loan portfolio and has dramatically revamped its financial crime controls as it faced pressure from regulators in the United States, the United Kingdom and other parts of the world.But, the 57-year-old… Source link

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