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South China Morning Post - Hong Kong Economy

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Website title: International Edition | South China Morning Post

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Ex-banker sells US$41m Deep Water Bay home, then signs a lease at The Peak

After selling a HK$319 million (US$41 million) luxury home in Hong Kong’s affluent Southern district, a former finance executive has rented a 4,715 sq ft house at The Peak, the city’s most exclusive neighbourhood, for HK$525,000 a month, official records show. Lawrence Lam Yuk-kun was identified as the former owner of a house in Deep Water Bay and the new tenant of a property on...

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Hong Kong travel agency probed for announcing closure only a day before it folds

A Hong Kong travel agency has allegedly broken the law by announcing its plan to fold only a day before its closure, affecting 1,500 customers and involving around HK$1.7 million (US$218,400), according to a watchdog. The Travel Industry Authority on Wednesday vowed to investigate M&F Lucky Holiday Limited over its alleged rule violation after the company announced its intention...

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From chips to noodles: the newcomers testing Hong Kong’s buoyant IPO market

Hong Kong’s booming fundraising market is set for another busy week, with four companies scheduled to debut this week and a string of billion-dollar listings – including Chinese luxury electric vehicle maker Avatr Technology – lining up behind them. Among this week’s newcomers, chip materials supplier Guangdong Tianyu Semiconductor plans to raise the highest sum, seeking up to H...

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Hong Kong home sales dip as December slowdown looms amid tragedy, holiday lull

Hong Kong’s property deals slipped slightly in November after two months of gains, government data showed, with analysts warning of a deeper pullback this month as the Christmas holidays along with deferred launches of new homes following the deadly fire in Tai Po weigh on sentiment. Sales of new and lived-in homes, office units, shops, car parking spaces and industrial properti...

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Why Hong Kong universities are heading north for mainland collaborations

Last month, the first university jointly established by Hong Kong and the Chinese mainland, Beijing Normal-Hong Kong Baptist University (BNBU), celebrated its 20th birthday. When the mainland opened up its education sector in 2003 with its new Regulations on Sino-Foreign Cooperation in Running Schools, Baptist University was the only Hong Kong university that took the political,...

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