Hundreds of protesters in Hong Kong marched to the city’s government headquarters, demanding Secretary for Development Paul Chan resign for alleged conflict of interest related to a housing project, Radio Television Hong Kong reported.
Hong Kong’s five-week old government was rocked by its third controversy involving senior officials, as Secretary for Development Paul Chan acknowledged he knew about the sub-renting of a unit owned by a company in which he was a director.
Hong Kong’s government will sell land and build public housing for 60,700 new homes in the city’s northeast area as part of its plan to help curb property prices in the world’s most-expensive housing market.
Chinese investors will get unprecedented access to Macau casino stocks and Tencent Holdings Ltd. through an agreement to link Shanghai and Hong Kong markets that analysts say will shrink valuation gaps.
The world’s biggest equity bull market is propelling Philippine valuations to all-time highs as international investors pile into the country’s stocks in an endorsement of President Benigno Aquino’s economic policies.
Hong Kong stocks fell, with the city’s benchmark index dropping the first time in three days, as data showed the pace of China’s manufacturing expansion unexpectedly slowed ahead of a National People’s Congress next week that will set this year’s growth target.