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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 […]
Standard Chartered, one of Hong Kong’s three currency-issuing banks, reported better-than-expected profit for the third quarter, driven by its wealth management and global banking units. Net profit for the three months to September came in at US$931 million under international accounting rules, beating forecasts of US$886 million. The London-based bank, which generates much of its […]