Sun Hung Kai Properties Ltd., Hong Kong’s second-biggest developer by value, more than doubled the size of its syndicated loan to HK$13.8 billion ($1.78 billion) on strong demand from lenders, according to three people familiar with the matter.
China fixed the yuan at a record high amid U.S. calls for faster appreciation and investors are tipping renminbi bonds to be one of the best bets in emerging markets as the Federal Reserve prepares to rein in stimulus.
It sounds more like a souped-up race car than a fund: the db X-trackers Harvest CSI 300 China A-Shares Fund (ASHR). As the first exchange-traded fund to give U.S. retail investors exposure to hard-to-access China A-Shares, which had been available only to Chinese citizens and a few qualified foreign institutions, it's generating a lot of buzz.
Hong Kong’s banking regulator bought 50 percent of a project in London’s luxury-shopping district from Great Portland Estates Plc, adding to a wave of Asian investment in the city. The completed development could be valued at as much as 475 million pounds ($764 million).
Mapletree Greater China Commercial Trust, which debuted in Asia’s biggest share sale this year, is ready for a further depreciation of the Hong Kong dollar against the Singapore currency, Chief Executive Officer Cindy Chow said.
Hong Kong is unlikely to abandon its 26-year peg to the U.S. dollar in the wake of China’s decision to resume flexibility of the yuan, Ma Jun, Deutsche Bank’s chief economist for greater China said today.