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Tag: Hong Kong

Hong Kong: July house prices at lowest level since February 2020

Hong Kong: July house prices at lowest level since February 2020 Hong Kong: July house prices at lowest level since February 2020

Private home prices in Hong Kong fell to their lowest level since February 2020 in July, official data showed, as home buyers grew more pessimistic due to rising interest rates and an uncertain outlook. Home prices in one of the world’s most unaffordable housing markets fell 1.6% last month from the previous month, compared to […]

Hong Kong: Slowest pace of economic contraction in the second quarter

Hong Kong: Slowest pace of economic contraction in the second quarter Hong Kong: Slowest pace of economic contraction in the second quarter

Hong Kong’s economy contracted at a slower pace in the second quarter of this year than in the previous quarter, partly due to an increase in government consumer spending. GDP shrank 1.4% in the April-June period in real terms from a year earlier, compared to a 3.9% decline in the first quarter. Hong Kong’s economy […]

The E.U. calls for the repeal of the security law imposed on Hong Kong by China

The E.U. calls for the repeal of the security law imposed on Hong Kong by China The E.U.  calls for the repeal of the security law imposed on Hong Kong by China

The EU today called for the repeal of China’s national security law and standstill law in Hong Kong, while asking the region’s authorities to “refrain from implementing them”. “The EU supports the recommendations of the UN Human Rights Commission, notably the simultaneous repeal of the National Security Law and the Standstill Law, and refraining, for […]

Hong Kong’s central bank raised interest rates by 0.75%

Hong Kong’s central bank raised interest rates by 0.75% Hong Kong’s central bank raised interest rates by 0.75%

Hong Kong’s central bank raised its key interest rate by 75 basis points to 2.75%, hours after the US central bank raised rates by the same amount. Hong Kong’s monetary policy moves parallel to that of the US, as the city’s currency is pegged to the dollar. The chief executive of the Hong Kong Monetary […]

Hong Kong: ‘Very slim’ chances of finding alive 27 crew members of ship that was cut in two

Hong Kong: ‘Very slim’ chances of finding alive 27 crew members of ship that was cut in two Hong Kong: ‘Very slim’ chances of finding alive 27 crew members of ship that was cut in two

The chances of finding the 27 crew members missing after it was cut in two in the South China Sea by tropical storm Chamba are “very slim”, Hong Kong authorities said, adding that search operations were continuing. The ship was sailing 160 nautical miles southwest of Hong Kong on Saturday when it was in the […]

Xi Jinping: There is ‘no reason to change’ ‘one country, two systems’ principle

Xi Jinping: There is ‘no reason to change’ ‘one country, two systems’ principle Xi Jinping: There is ‘no reason to change’ ‘one country, two systems’ principle

Chinese President Xi Jinping assured today that he sees “no reason” to revise the “one country, two systems” principle that has granted a certain degree of autonomy to Hong Kong, during his speech to mark its 25th anniversary return of the city, a major Asian financial hub, to China. This model is “so good” that […]

Johnson: ‘We will not leave Hong Kong’

Johnson: ‘We will not leave Hong Kong’ Johnson: ‘We will not leave Hong Kong’

British Prime Minister Boris Johnson vowed today that he “will not leave” Hong Kong, in a statement issued on the occasion of the 25th anniversary of the former British colony’s return to China. “We will not leave Hong Kong,” he said in a video message on Twitter. “25 years ago we made a promise to […]

Xi Jinping: Hong Kong was reborn through fire

Xi Jinping: Hong Kong was reborn through fire Xi Jinping: Hong Kong was reborn through fire

Chinese President Xi Jinping arrived in Hong Kong today for the celebrations marking the 25th anniversary of the former British colony returning to Chinese rule and the swearing-in ceremony of the new metropolitan governor. Xi’s high-speed train visit is the first in the city since 2017 and his first known trip outside mainland China in […]

China: President Xi to Visit Hong Kong for 25th Anniversary of US Transfer of Power

China: President Xi to Visit Hong Kong for 25th Anniversary of US Transfer of Power China: President Xi to Visit Hong Kong for 25th Anniversary of US Transfer of Power

Chinese President Xi Jinping will visit Hong Kong for the 25th anniversary of the transfer of power from the United Kingdom to China, Xinhua news agency reported today. This is President Xi Jinping’s first trip outside mainland China since January 2020, after the outbreak of the Covid-19 pandemic. The Chinese president will attend the swearing-in […]