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A subsidiary of Hong Kong-listed developer Wheelock has decided to end funding for its pay TV operator in a bid to focus on property development, leaving the fate of its loss-making business up in the air. Wharf Holdings, a 58%-owned subsidiary of Wheelock,…
Hong Kong’s property market has yet to stabilize and could fall by 5-10% in the second half of the year, according to leading developer Wheelock. “Given the global uncertainties arising from Brexit and volatility in the currency market and oil prices, a 5-10%…
Winter is coming to Hong Kong. The Hong Kong dollar breached its 2007 low today, down to as low as 7.8226, just haircuts away from the 7.85 level that would prompt the Hong Kong Monetary Authority to intervene. After China decoupled its loosely pegged yuan…
