Cai Guanshen: The actual investment from the intent letter from North City still needs to be "calculated" and there must be confidence in Hong Kong.

The government signed a development memorandum of understanding with 85 companies in the northern metropolitan area. When interviewed by the newspaper, Tommy Cheung, the President of the Hong Kong General Chamber of Commerce, stated that the government's approach can help build confidence and atmosphere. As for specific investments in which projects, and how much to invest, it depends on planning, design, funding needs, etc., describing it as "counting". Tommy Cheung stated that the government does not dictate developers on what to do, but only creates conditions to make companies see potential business opportunities, and with government support, the effect may be better. He believes that whether things are "counted accurately" depends on short-term or long-term considerations, even if the current numbers may not be ideal, but in the long run, Hong Kong is considered as a favorable prospect.

AASTOCKSDec 2 09:20

The great eagle h (00041) will confiscate unclaimed dividends.

Great eagle h (00041) has issued a notice stating that the board of directors may decide that any dividends not claimed within six years from the date of declaration...

Zhitong FinanceNov 29 18:34

According to bocom intl, it is expected that the mainland housing market will stop declining and stabilize next year, with a moderate recovery for property companies. Property prices in Hong Kong and small buildings are projected to rise.

Bocom intl released a research report indicating that the overall sentiment for purchasing properties in the domestic real estate market is expected to continue its moderate recovery in 2025, with a recovery in the industry's fundamentals; a decrease in supply in the primary market will alleviate the pressure on developers to lower prices, and primary property prices are expected to stabilize at current levels. It is believed that next year, the transaction area is likely to increase by 15% year-on-year. The bank noted that the market is stabilizing, and if the sales trend in October continues until after the Lunar New Year next year, it will help more real estate companies to achieve financial and fundamental "stop decline and stabilize." The bank provided its preference ranking, starting with state-owned enterprises or developers with state-owned enterprise backgrounds that are not highly valued, followed by those with land in first and second-tier cities.

AASTOCKSNov 27 11:10

HKMA: Interest rates may remain at relatively high levels for a period of time.

The Federal Reserve in the USA cut interest rates by 0.25 basis points. The Hong Kong Monetary Authority stated that as expected by the market, the Fed further lowered interest rates, implementing a looser monetary policy. However, the future pace of rate cuts depends on the economic data in the USA, which will be affected by fiscal and economic trade policies, thus there are still many variables. Additionally, since the monetary policy environments of major economies are not necessarily fully synchronized, the risk of global market volatility is worth noting. The Hong Kong Monetary Authority mentioned that the financial and monetary markets in Hong Kong are operating smoothly, with stable market liquidity and a stable exchange rate of the Hong Kong dollar. The Hong Kong dollar's interbank interest rates are generally approaching the US dollar rates under the linked exchange rate system, while shorter-term interbank rates.

AASTOCKSNov 8 10:32

Market Chatter: New Mortgage Rules Pushing Primary Home Markets Ahead

MT NewswiresNov 4 19:11

Sun Hung Kai Properties (00083.HK) led the approval of the construction drawings for the mixed-use property at Lot 3, Area 2A, Kai Tak.

In August, the Buildings Department approved a total of 14 sets of building plans, including 4 in Hong Kong Island, 6 in Kowloon, and 4 in the New Territories. Among them, the site at Kai Tak Area 2A Lot 3, held by Sun Hung Kai Properties (00083.HK) in collaboration with China Overseas Land & Investment (00688.HK), Great Eagle Holdings (00041.HK), and Chinese Estates Holdings (00127.HK), was approved for a 30-storey mixed-use property with 5 platform levels and 3 basement levels. The residential portion can have a total floor area of approximately 0.4175 million square feet, while the non-residential area is around 0.0708 million square feet. The consortium acquired Lot 2 and Lot 3 of Kai Tak Area 2A for 5.35 billion yuan in September last year.

AASTOCKSOct 23 09:20