Thursday, October 18, 2018

Don’t be put off by a softening property market – Hong Kong can handle it

Don’t be put off by a softening property market – Hong Kong can handle...

The recent slide in the city’s shares was tinged with the fear that local home prices may fall too. But while residential property is not as attractive an investment as it used to be, an economic slump isn’t on the cards By Tom Holland 15 Oct 2018 Amid the sell-off in stock markets around the…
Flat sale results in Hong Kong offer proof that world’s priciest housing market is cooling off

Flat sale results in Hong Kong offer proof that world’s priciest housing market is...

Home buyers in Hong Kong bought just over half of the flats offered by a major Chinese developer at a new site in the city on Saturday despite incentives, in another sign the world’s most expensive property market is cooling off. Sales agents described the outcome –181 of 310 flats sold – as much worse…
Xi Jinping’s favourite baozi shop gets a financial lifeline from Fosun, eyes a stock market listing

Xi Jinping’s favourite baozi shop gets a financial lifeline from Fosun, eyes a stock...

A Chinese state-owned steamed bun store made famous after receiving Chinese President Xi Jinping’s surprise visit in 2013, announced that it has raised investment from a key subsidiary of Chinese conglomerate Fosun International, the Chinese owner of Club Med, and two other investment parties, paving the way for a listing. The Qingfeng Steamed Dumpling Store…
Tencent-backed health care platform WeDoctor shrugs off bear market concerns, prepares for Hong Kong IPO

Tencent-backed health care platform WeDoctor shrugs off bear market concerns, prepares for Hong Kong...

Tencent-backed online health care solutions platform WeDoctor, valued at US$5.5 billion after its latest round of fundraising, said on Monday it was actively preparing for a flotation in Hong Kong, despite the recent bearish sentiment in the market. We believe online technology platforms, especially those focusing on health care like us … will be acknowledged…
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