Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It’s almost 20 years since Industrial and Commercial Bank of China raised $22bn in a Hong Kong listing — the largest in history at the time. Since then, the city has been the go-to place … Read more
New World Development (NWD) on Thursday priced its latest Hong Kong residential project at a substantial discount, as the embattled developer scrambles to generate cash to whittle down HK$123.7 billion (US$15.9 billion) in debt. The company, controlled by the family of tycoon Henry Cheng Kar-shun, priced the first 88 units in State Pavilia – the … Read more
Almost every parent I know wishes for their children to be successful in the future. “Hoping one’s son will become a dragon” is a Chinese idiom that encapsulates the high hopes parents have for their children. There is “hoping”, and then there is actively paving the path to success. Most parents do what they can … Read more
Chief Executive John Lee Ka-chiu announced an economic reform blueprint on Wednesday aimed at transforming Hong Kong’s traditional sectors such as finance, trade and shipping, and investing in new technology industries, while rolling out a bigger welcome mat for foreign talent and funds. In his third policy address since becoming Hong Kong’s leader, he also … Read more
“We now have 4 fashions to promote in Hong Kong starting from about HK$500,000 to HK$2 million. After the brand new tax regime is applied in April, we’ll have just one mannequin that permits patrons to benefit from the tax incentives,” salesman Chan mentioned. What’s the excitement over Hong Kong funds? Is it time to … Read more