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  1. 24/9/2018 · Renowned HK Property Investor, King Yip talked about future property market amid global tightening of liquidity and rate hike in the near and medium future. 香港知名物業投資專家葉景強 ...

  2. Hong Kong stocks close down 0.80% | SBS News

    www.sbs.com.au › news › hong-kong-stocks-close-down-0-80

    18/1/2022 · Hong Kong shares closed down 0.80 per cent, falling in line with other regional markets after a weak lead from Wall Street. The benchmark Hang Seng Index lost 179.68 points to end at 22,388.56 on ...

  3. City divided, poverty, housing: The challenges facing Hong Kong’s new leader | SBS News

    www.sbs.com.au › news › city-divided-poverty-housing-the
    • Political Reform
    • The Divided City
    • Implementation of Controversial Security Laws
    • Solving Hong Kong’s Housing Crisis
    • Poverty and Long Working Hours

    Hong’s Kong’s mini constitution, the 'Basic Law', states universal suffrage as the “ultimate aim.” But two decades since its establishment, the city still doesn’t have a 'one vote per person system.' During her campaign Carrie Lam said that it was her “sincere hope” to restart the reform process. In 2014 Beijing decided that only two or three candidates selected by a 1200-member nominating committee could be put forward as candidates for the role of chief executive. The decision sparked upheaval and triggered the 79-day 'Occupy Central' movement, with thousands of citizens taking to the main streets demanding genuine universal suffrage. As a result political reform failed to be passed by the city’s legislative council, with many saying the proposal wasn’t good enough. During President Xi’s last speech in Hong Kong he encouraged the territory to “cherish and seize the opportunity” to restart political reform discussions. Carrie Lam must now act as the bridge between Hong Kong and Chi...

    Since the 2014 Occupy movement, Hong Kong has become more and more polarised. Radical protests and clashes between Beijing loyalist and pro-democracy camps are commonplace. On July 1, pro-democracy protesters including Joshua Wong and ‘Long hair” Leung Kowk-hung faced off with pro-Beijing supported while they were protesting outside the flag-raising ceremony. In recent years new ideologies demanding different degrees of self-determination have also emerged. With some voices, including the Hong Kong National party, calling for Hong Kong to be a sovereign country. Hong Kong people on all sides hope Carrie Lam will work to unite the divided city.

    During his visit President Xi stated Hong Kong must “improve its systems to uphold national sovereignty, security and development interests”, hinting at the legislation of controversial national security law, Article 23. Article 23 of Hong Kong’s Basic law requires the government to “enact laws on its own to prohibit any act of treason, secession, sedition, subversion” against the central government. An earlier attempt to change the security law was scrapped in 2003, after half a million people took to the streets opposing the law, worried it would curtail freedom of speech. Carrie Lam said that it’s her “constitutional responsibility” to legislate the controversial law, and her government would “create a condition” to do so. But satisfying the Communist Party and the outspoken people of Hong Kong won’t be easy.

    Private housing in Hong Kong is extremely unaffordable. It’s often referred to as one of the world’s most expensive property markets. Increasing housing supply and curbing property speculation will be on top of Carrie Lam’s to-do list. Today an average urban apartment of about 55 square metres costs HK$7 million ($1.2 million AUD), while 20 years ago it was valued at around HK$4 million ($670K AUD). Citizens must save all their salary for 18 years, without spending on anything, in order to buy an average apartment in Hong Kong. According to a 2016 survey, apartments in Hong Kong cost 18.1 times annual median household income, this is the world's highest price-to-income ratio. There’s also a desperate public housing shortage. At end of March, about 147,300 general applications were waiting for public housing. Each applicant waits an average of 4.6 years before getting a place in public estates. Because of this many are forced to live in tiny spaces in subdivided flats. About 200,000...

    According to a 2015 survey 1.34 million people are living below the poverty line. The number is the highest since since 2009. On top of this the number of working hours for Hong Kong employees is the highest in the world, with an average of 50 hours in a week. That’s 38 percent more than the global average of 36.5 hours The government's recent proposal of "contracted working hours" in June stated that employers will be obliged by the government to specify working hours, rest and overtime payments in the contract for employees earning not more than HK$11,000 ($1800 AUD) a month. But these guidelines are not legally binding, disappointing the vast majority of workers who are now calling for the government to implement standard working hours in order to protect workers' rights.

  4. Hong Kong shares end 0.28% higher | SBS News

    www.sbs.com.au › news › hong-kong-shares-end-0-28-higher_1

    5/1/2021 · Property developers led the declines. China Fortune Land Development lost 3.60 per cent to 28.89 yuan while Poly Real Estate fell 1.53 per cent to 7.73 yuan. Pessimism towards the property sector ...

  5. Hong Kong stocks close 0.30% lower | SBS News

    www.sbs.com.au › news › hong-kong-stocks-close-0-30-lower

    28/11/2021 · Property firms also rose, with China Vanke, the country's largest property developer, up 3.1 per cent at 7.76 yuan. Beijing Capital Development gained 5.92 per cent to 4.65 yuan while Poly Real ...

  6. The Star extends Hong Kong alliance | SBS News

    www.sbs.com.au › news › the-star-extends-hong-kong-alliance

    29/3/2018 · The Star extends Hong Kong alliance. The Star Entertainment Group has extended its alliance with its two Hong Kong partners, with each taking a five per cent stake in the casinos operator. Casinos ...

  7. Hong Kong stocks close 0.72% higher | SBS News

    www.sbs.com.au › news › hong-kong-stocks-close-0-72-higher

    3/1/2022 · The Hong Kong sharemarket has followed a rally on Wall Street, rising 0.72 per cent.

  8. Why is China’s influence in Hong Kong getting stronger?

    www.sbs.com.au › news › why-is-china-s-influence-in-hong-kong

    15/6/2019 · HK leader under pressure as protests loom Cities like Beijing and Shanghai eclipse Hong Kong’s economic productivity by billions and places like Shenzhen, which was once a tiny fishing village, ...

  9. Hong Kong, China shares sink on weak data | SBS News

    www.sbs.com.au › news › hong-kong-china-shares-sink-on-weak-data

    3/2/2021 · In Hong Kong, internet giant Tencent fell 2.22 per cent to HK$616.5, while China Mobile dropped 3.20 per cent to HK$71.05. China South City added 8.74 per cent to HK$4.73, while CCB dropped 2.10 ...

  10. 9 Hong Kong breakfasts you have to try | SBS Food

    www.sbs.com.au › food › blog

    21/5/2018 · 2. Toast Along with many other wheat products, sliced bread is often seen as a food distinctly from the west. But true to form, HK-ers have taken the humble toast to a whole new ...

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