The city created a visa to lure professionals from around the world. Most of the takers were Chinese seeking better jobs, better schools and greater freedom.
Category: Hong Kong
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Hong Kong Security Law Could Damage City’s Image as Financial Hub
Some firms have already moved staff out of the city since the Chinese government took a heavier hand in 2020.
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China Evergrande Founder Accused of Exaggerating Revenue by $78 Billion
China’s securities regulator fined the developer’s founder, Hui Ka Yan, and banned him from participating in the country’s financial markets for life.
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China’s Country Garden Faces Winding Up Petition In Hong Kong
Country Garden was once China’s biggest developer but ran out of money. A lender is taking it to court in Hong Kong, a sign of continuing market distress.
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Low Prices Lure Hong Kongers to China
Hong Kong residents are finding in Shenzhen, the mainland city next door, lower prices, better service and tasty cuisine.
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China’s Investors Are Losing Faith in Its Markets and Economy
As their losses pile up, Chinese investors are losing confidence not only in the stock market but in the government’s ability to turn the economy around.
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Bao Fan, Missing Chinese Banker, Resigns After Investigation
China Renaissance Holdings said that its chairman and chief executive, Bao Fan, has stepped down after disappearing nearly a year ago.
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Bao Fan, Missing Chinese Banker, Resigns After Investigation
China Renaissance Holdings said that its chairman and chief executive, Bao Fan, has stepped down after disappearing nearly a year ago.
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After China Evergrande, Real Estate Crisis ‘Has Not Touched Bottom’
The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.
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China Evergrande Must Be Liquidated, a Judge Said. What Happens Next?
The massive property developer epitomized China’s real estate frenzy, and its downfall fueled the market’s downturn.
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Real Estate Giant China Evergrande Will Be Liquidated
After multiple delays and even a few faint glimmers of hope, a Hong Kong court has sounded the death knell for what was once China’s biggest real estate firm.
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China’s Travel Economy Is Slowly Coming Back. Here’s Where It Stands.
Over a year after China opened its borders following the pandemic, international trips are still lagging, although domestic travel is more popular.