Cnn hong kong

HONG KONG: Private home prices in Hong Kong eased 0.6% in October, weighed down by a bigger drop for large apartments, official data showed on Thursday.The fall last month compared to a revised 0.4% gain in September, according to data from the Rating and Valuation Department. Prices have risen 0.4% so far this year.Prices in one of the world's most expensive property markets had been resilient despite the COVID-19 outbreak and political uncertainties, supported by strong demand and low interest rates.Property agents expect new developments and relaxed social distancing measures in October to support sales and prices in the short term, although the outlook for 2021 is for further weakness.Rating agency S&P said this week it expected Hong Kong home prices to fall a further 5% in 2021, due partly to rising unemployment.Total transaction volume in the secondary market so far this year has surpassed the full-year volume in 2019, realtor Centaline said. It expects 2020 transaction value … [Read more...] about Home prices in Hong Kong fall 0.6% in October

“The theme of the meeting is to discuss financing various projects, implementation of different projects, exchange of technology and trade ideas, enhancing job opportunities, improving lifestyles in rural areas, trading, technical cooperation and capacity building for sustainable development and creating entrepreneurs”, said Mr. Srinivas Gogineni. … [Read more...] about Guntur activist to attend SSC-ICT meet at Hong Kong

Chief Executive of China's Hong Kong Special Administrative Region (HKSAR) Carrie Lam said Wednesday that the national security law in the HKSAR has been remarkably effective in restoring stability in Hong Kong over the past four months. Lam made the remarks when delivering the 2020 policy address at a meeting of the HKSAR Legislative Council (LegCo). The national security law in the HKSAR was passed by the Standing Committee of the National People's Congress (NPC) and included in Annex III to the HKSAR Basic Law on June 30, and took effect in Hong Kong on the same day. The advocacy of "Hong Kong independence" and collusions with external forces have since progressively subsided, Lam said, citing radical organizations ceasing operation or dissolving, suspects of violating the law absconding, and street violence significantly on the decline. Under the national security law, the principle of respecting and protecting human rights will continue to be upheld and the legitimate rights of … [Read more...] about National security law effective in restoring stability in Hong Kong: HKSAR chief executive

Jack Ma, founder of China's e-commerce giant Alibaba suffered a major setback on Tuesday as Shanghai and Hong Kong Stock Exchanges suspended dual listing of the shares of his world's biggest initial public offer of $39.7 billion of the group's subsidiary - the Ant Group, 48 hours before the highly-anticipated trading was due to start. … [Read more...] about Setback for Jack Ma; his mother of all IPOs suspended

NEW DELHI: The suggestions of gems and jewellery industry related to duties and taxes are under consideration of the Finance Ministry, Commerce and Industry Minister Piyush Goyal said on Thursday.Gems and Jewellery Export Promotion Council Chairman Colin Shah has suggested cutting import duty on gold to 4.5 per cent from 12.5 per cent, and on diamond to 2.5 per cent from 7.5 per cent.Speaking at CII's Gems and jewellery Conference, Shah said that the duty structure is "very high" in the country."Your suggestions on right-sizing the duty is under consideration of the Ministry of Finance," Goyal said.The minister also said that some "aberrations" have happened in the industry which unfortunately have impacted its credibility, particularly when it comes to financing.He suggested that the industry can play an important role in creating a situation in which lenders get confidence in the sector and participants.He added that most of the cases that have caused agony to the industry are well … [Read more...] about Gems, jewellery industry’s suggestions related to duties under FinMin’s consideration: Piyush Goyal