21 November 2017

Finance & Property

  • The Goldilocks scenario of low inflation and robust growth is now widely accepted among investors. Despite equity indices scaling one high after another, Philipp Baertschi believes equities offer the greatest potential. Photo: Reuters

    Goldilocks forever?

    - Nov 20, 2017 10:19am
    The Goldilocks scenario of low inflation and robust growth is now widely accepted among investors. Central banks appear to have achieved their goals and can start to raise interest rates gradually. Under these circumstances, it is...
  • The consortium led by Sino Land plans to build a premium residential development at this site in Cheung Sha Wan to make the most of the panoramic harbour views. Photo: HKEJ

    Does Sino Land record purchase signal home market peak?

    - Nov 16, 2017 1:09pm
    It is said that the local residential property market would not peak without Sino Land bidding up government land.  This is a myth, of course, or is it? On Wednesday the real estate giant chaired by...
  • Since King Salman (L) ascended to power in 2015, his son, Crown Prince Mohammed bin Salman (R), has become the most influential and powerful figure in the oil-rich Saudi kingdom. Photo: Reuters

    Saudi purge: The Crown Prince’s motives and market implications

    - Nov 15, 2017 11:01am
    Earlier this month, Saudi Arabia’s newly formed anti-corruption committee detained 201 people in a sweeping purge. Among those held were eleven princes, four ministers and tens of former ministers. The so-called “anti-corruption” campaigns take on different...
  • Warren Buffett has backed away further from IBM investment while loading up on Apple shares. Photo: Reuters

    Buffett’s Berkshire cuts IBM stake, takes bigger bite of Apple

    Nov 15, 2017 8:58am
    Warren Buffett’s Berkshire Hathaway has sold another large chunk of its stake in IBM Corp, while adding to its holdings in Apple, in a significant rejig of the company’s investment portfolio. Berkshire cut its IBM stake...
  • A giant video screen displays performers from the Hong Kong Philharmonic during the Swire Symphony under the Stars event in Hong Kong on November 11. Photo: Ben Kwok

    Swire’s slow symphony under the stars

    - Nov 13, 2017 2:43pm
    Lying down on a mat and enjoying the “Swire Symphony under the Stars” at the Central harbourfront over the weekend, I could not be more thankful for a wonderful evening and the enchanting classical music, all...
  • When the Hong Kong-Zhuhai-Macau bridge is completed, it will further integrate the Pearl River Delta cities. Photo: Reuters

    How to improve the infrastructure in the Greater Bay Area

    - Nov 10, 2017 5:30pm
    Promoting and improving infrastructure connectivity between the 11 cities that make up the Greater Bay Area, including Hong Kong, and the rest of the world are critical to the long-term success of the Greater Bay Area...
  • China’s housing market has become quite mature, with existing commercial housing units reaching nearly 500 million. Photo: China Daily

    China minister reveals roadmap for property tax

    - Nov 10, 2017 4:57pm
    China’s finance minister, Xiao Jie, recently outlined the principles and roadmap in relation to rollout of a property tax. The message was included in a book that was published to help the public understand the lengthy work...
  • The limit on foreign ownership in joint-venture firms involved in the futures, securities and funds markets will be raised to 51 percent from the current 49 percent. Photo: AFP

    China lifts foreign ownership limits on financial firms

    Nov 10, 2017 4:54pm
    The Chinese government on Friday said it will raise foreign ownership limits in domestic financial firms, a long-anticipated step that grants greater access to overseas investors into the Asian giant’s financial services market, Reuters reports. The...
  • Data shows that the housing price rally will slow down in the following months or even head south. Photo: HKEJ

    Hong Kong housing market shows signs of cooling off

    - Nov 10, 2017 1:10pm
    Hong Kong’s private market housing price index rose to 340 points in September, according to data from the Rating and Valuation Department. The housing price index has been on the rise for 18 straight months, and...
  • Peter Woo has picked an easy-to-remember stock code for the spin-off of his shopping malls Times Square and Harbour City. Photos: HKEJ/Bloomberg

    Hot stock codes no one dares to pick

    - Nov 10, 2017 11:22am
    Most of us Hongkongers have something to remember about 1997. Peter Woo, the majority shareholder of The Wharf (Holdings) Limited, knows this. So when his flagship conglomerate decided to spin off its signature shopping malls into a real...
  • Europol Director Robert Wainwright speaks during a talk at Web Summit, Europe's biggest tech conference, in Lisbon, on Wednesday. Photo: Reuters

    Europol chief warns of growing cyber threats to financial sector

    Nov 9, 2017 8:35am
    The “remorseless” growth of cyber-crime is leading to 4,000 ransom attacks a day, Europol chief said on Wednesday, warning that gangs’ technological capability now threatens critical parts of the financial sector. Online criminals have become so...
  • The US budget includes a tax reform framework that President Donald Trump has been pushing for. Photo: Reuters

    How US tax reform will impact China’s equity market

    - Nov 8, 2017 4:28pm
    Tax reform has been a big priority in the US in 2017, and a series of unexpected situations have made this one of the most important macro events to watch in the global markets. On Oct....
  • CBOE recently signed a deal with cryptocurrency exchange Gemini for bitcoin data that will support the Chicago bourse’s plans to list bitcoin derivatives. Photo: Reuters

    Exchange operators believe in cryptocurrencies: CBOE

    Nov 8, 2017 8:12am
    The major futures exchanges believe in the development of cryptocurrency trading and will push on with launching exchange traded funds that allow investors to trade in them, Reuters reports, citing the chief operating officer and president...
  • For Goldman, the deal confers prestige and signifies the firm’s position in an initiative that is seen to be of strategic importance by both nations. Photo: Reuters

    Goldman, CIC plan up to US$5 bln in US investments

    Nov 7, 2017 8:21am
    Goldman Sachs Group Inc. and China Investment Corp. are partnering on a multibillion-dollar fund to help the giant Chinese sovereign-wealth fund invest in US manufacturing and other sectors, according to people familiar with the matter, the...
  • The Link REIT, Hong Kong's largest REIT, is currently the largest Asia-Pacific REIT by market capitalization. Photo: HKEJ

    How Hong Kong REITs can boost their growth

    - Nov 6, 2017 10:50am
    The Royal Institution of Chartered Surveyors held a forum in October, discussing why the development of REITs in Hong Kong seemingly lags behind the development in other Asian countries. Currently, the market value of Hong Kong...
  • Most Hong Kong banks have held back on rate increases although the Fed started tightening since late 2015. Photo: China Daily

    HK banks may continue to hold back on rate hikes

    - Nov 3, 2017 11:01am
    The Hong Kong dollar interbank rate, or Hibor, has spiked considerably in recent months. Will that prompt local banks to raise interest rates? If that happens, how will property prices be affected? It’s widely expected that...
  • Jackey Chu, managing director of Bibby Financial Services (Asia) Ltd., says Hong Kong SMEs can only approach banks for financing under a government guarantee scheme. Photo: HKEJ

    Factoring services propel growth of Hong Kong SMEs

    - Nov 1, 2017 4:27pm
    Small and medium enterprises (SMEs) form a vital component of Hong Kong’s business force. There are about 330,000 SMEs in Hong Kong which account for 98 percent of the total business units, creating job opportunities for...
  • Japanese equities typically move in opposite direction to the yen. Photo: Reuters

    Why Japanese equities are a good bet

    - Oct 27, 2017 3:27pm
    With the Nikkei Index reaching a 21-year high, foreign investors’ interest in Japanese equities continues to pick up. Investment in Japanese stocks is typically driven by two things: expectations of a weaker yen, which will stimulate...
  • China's Greater Bay Area plan is expected to create significant long-term benefits for the people and businesses of Hong Kong and the other ten cities of the Pearl River Delta. Photo: CNSA

    Tax reform suggestions in relation to the Greater Bay Area

    - Oct 27, 2017 3:16pm
    China’s Greater Bay Area plan should create significant long-term benefits for the people and businesses of Hong Kong and the other ten cities of the Pearl River Delta. Fruition of the plan is likely to see...
  • The deal would help Aecon, which helped build Toronto’s iconic CN Tower, get access to capital to take up more major projects in Canada. Photo: Wikimedia Commons

    CCCI to buy Canada construction group Aecon for US$1.2 bln

    Oct 27, 2017 8:14am
    China’s CCCC International Holding Ltd. will buy Canadian construction company Aecon Group Inc. for C$1.51 billion (US$1.18 billion), including debt, in a deal that would require Canadian government approval. Shares in Aecon, which helped build Toronto’s...

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