The Financial Dismantling of the Hang Seng Index: Hong Kong Suffers Tenfold Loss in GDP
Financial dismantling | Hang Seng Index 10,000 = lose ten Hong Kong GDP | Yan Baogang “The more it falls, the worse it gets. ” There is no lowest point in Hong Kong stocks, only lower levels. The Hang Seng Index fell for two consecutive days, falling a total of 430 points or 2.8%, falling […]
The Impact of the Hang Seng Index on Hong Kong’s Economy and Population: Will 30,000 Points Bring Prosperity?
With the Hang Seng Index reaching 30,000 points next year, will the people of Hong Kong spend the holidays more luxuriously? (NurPhoto via Getty Images) Recently, the Chairman of FWD, Ma Shiheng, said that the company has enough capital and will not “list at a low price” He said that if the Hang Seng Index […]
WeChat Pay HK Announces Connection to ‘Yangchengtong’ Guangzhou, Making Public Transportation Payment Convenient for Hong Kong People
The Convenience of Using WeChat Pay HK in Guangzhou One of the biggest hurdles for Hong Kong residents traveling north to Guangzhou has been the issue of electronic payment. However, WeChat Pay HK has recently announced its official connection with “Yangchengtong” Guangzhou, offering support for the “Yangchengtong Bus Code” mini program and “Yangchengtong” app. This […]
Property Market Measures Lead to Book Loss for Owner of Sea View Apartment in Monterey, Tseung Kwan O
In a recent policy address, several measures were announced to alleviate the intensity of the property market and stimulate second-hand transactions. One notable transaction that took place in Monterey, Tseung Kwan O, involved the sale of a three-bedroom apartment with sea views for a total of NT$19.68 million, equivalent to NT$21,139 per square foot. Unfortunately, […]
The BODY SHOP Successfully Renegotiates Lease and Returns to Sai Yeung Choi Street South
The retail market has experienced a period of weakness in recent years, resulting in high vacancy rates for shops on prosperous high streets. Among these struggling businesses is THE BODY SHOP, which has occupied a prime location on Sai Yeung Choi Street South in Mongkok for nearly three decades. The popular store is set to […]
Finance Companies Asking Homeowners to Repay Arrears as Property Prices Fall
Rewrite text Property prices have fallen, and there are reports that the finance companies providing mortgages have asked some housing estate owners to repay their arrears (call loans) due to the fall in unit valuations. “Economic Daily” cited market news and noted that the owner of Man Ming Shan in Tuen Mun bought a four-bedroom […]
Buyers of Tung Yuen Street Cheung Kong Project Face Potential Losses on Rooftop Duplexes
Two contract orders have been recorded for the Tung Yuen Street Cheung Kong project (1113) in Yau Tong. These orders consist of small duplex units with a usable area of approximately 500 square feet. It is expected that both buyers will lose a deposit of over RMB 860,000. Rooftop Duplex Buyers Expected to Lose RMB […]
WeLab Bank Launches Flash High-Interest Time Deposit Discount: Earn 10% Interest on Monthly Deposits
WeLab Bank Introduces Exclusive High-Interest Time Deposit Promotion In a bid to offer attractive financial options to its customers, WeLab Bank, a prominent virtual banking institution, has recently unveiled a special limited-time discount on high-interest time deposits. Under this enticing promotion, individuals can now enjoy an impressive 10% interest rate for their one-month time deposits. […]
Hong Kong’s Hang Seng Index Soars as US Inflation Slows, Investors Optimistic about Fed’s Monetary Policy
Hang Seng Index Rises as US Inflation Slows, Investors Optimistic about Interest Rates The Hang Seng Index showed promising gains today, following the positive closure of the US stock market on Friday, July 28. The US announced a slowdown in inflation, leading investors to believe that the Federal Reserve (Fed) could be near the end […]
Stock Market in Hong Kong Opens Lower Due to Expectations of Interest Rate Hikes by Fed and ECB
The Hang Seng Index Opens Lower as Expectations of Interest Rate Hikes Weigh on Hong Kong’s Stock Market Today, the Hang Seng Index in Hong Kong’s stock market experienced a downward trend in its opening session. As the week kicks off, the trading environment faces mounting pressure due to widespread expectations of interest rate increases […]
