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August, 30, 2016

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Business > Asia > Hong Kong
The property sector turnaround is a double-edged sword in Hong Kong. Average homes prices in Hong Kong's secondary property market last week posted their biggest gains since April last year, according to the weekly price index compiled by Centaline Property Agency.
 
Casino mogul to launch lavish new US$4.2 bil. Macau resort
From a pair of giant golden dragons encircling a vast man-made lagoon to phoenix and cloud motifs inside, Steve Wynn's Macau resort brims with auspicious Chinese symbolism.
 
Hong Kong keeps IPO crown with more mainland enterprises
Hong Kong remains the world's top market for initial public offerings (IPOs) in the first six months of this year based on global consultancy PricewaterhouseCoopers' (PwC) report...
 
Hong Kong booksellers braving China chill for publishers
Hong Kong publishers' latest works on sensitive Chinese topics went on show at a book fair this week, despite the chill persisting from recent detentions of five local booksellers.
 
Hong Kong has overtaken Angola's capital to become the costliest city in the world for expats, Mercer's annual survey said Wednesday.
 
Building big
Workers build bamboo scaffolding sticking out over a congested road in Hong Kong, Tuesday, May 24. Bamboo scaffolding is still often used in Hong Kong for construction projects.
 
Hong Kong's economy contracted in the latest quarter as the weak global economy and poor local conditions weighed on the southern Chinese business hub.
 
Hong Kong revealed as hub for creating offshore vehicles
The same year Jasmine Li, whose grandfather was the fourth-ranked politician in China at the time, donned a floral Carolina Herrera gown and debuted at a ball in Paris, a company called Harvest Sun Trading Ltd. was born in an aging building at the edge of Hong Kong's red light district. The next year Li bought the company for US$1.
 
Hong Kong's Financial Secretary John Tsang announced HK$38.8 billion (US$5 billion) in relief measures, including reductions in salaries tax, government rent waivers, additional social service disbursals and subsidies as he began his budget speech ruing the Chinese New Year violence on Feb. 9.
 
Rising political turmoil in Hong Kong could hurt economic growth in the freewheeling southern Chinese business hub, the city's finance chief said as he unveiled measures Wednesday to counter the impact of global weakness.
 
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