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Rental yields for Hong Kong residential properties have hit the highest level in more than a dozen years and are set to remain at an elevated level for two or three years, driven by robust demand from newly arrived residents and reduced mortgage costs, according to analysts. The average rental yield in the city inched […]
Sixteen major Hong Kong banks said they would set aside HK$370 billion (US$47 billion) of funds for small and medium-sized enterprises (SMEs) to cope with economic hardships. The loan amount could potentially rise after the city’s de facto bank lowered a key capital requirement with immediate effect on Friday. The Hong Kong Monetary Authority (HKMA) […]