Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Stricter borrowing criteria for property buyers, 15-month wait for private property owners moving to HDB flats

SINGAPORE – The maximum amount of money home buyers can borrow to purchase their homes will be tightened with immediate effect, so that borrowers avoid future difficulties in servicing those loans. The cooling measures come after interest rates have risen significantly and are likely to continue rising, the Monetary Authority of Singapore (MAS), Ministry of […]

Hong Kong’s worst trading debut in 2022 sends EV-maker down 42%

HONG KONG – An electric-vehicle (EV) maker and a unit of China’s real estate developer China Vanke plunged in their trading debuts in Hong Kong, following initial public offerings (IPOs) that together raised more than US$1.5 billion (S$2.15 billion). Chinese EV-maker Zhejiang Leapmotor Technology slumped as much as 42 per cent to HK$25.05. The company […]