Hong Kong home prices extend gains in May on strong demand
HONG KONG: Private home prices in Hong Kong rose 1.4 per cent in May from a month earlier, marking a 12th consecutive increase, data from the Rating and…
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Summary
Bloomberg writes that the latest measures include roughly $330 million in penalties against three brokerages widely used by Chinese investors to access offshore markets , along with tighter scrutiny of banks, trust structures and wealthy individuals moving money abroad. Chinese households and companies moved a record $807 billion out of the country last year, and a large share of it landed in Hong Kong, helping the city overtake Switzerland as the world’s biggest offshore wealth hub.
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Bloomberg writes that the latest measures include roughly $330 million in penalties against three brokerages widely used by Chinese investors to access offshore markets , along with tighter scrutiny of banks, trust structures and wealthy individuals moving money abroad.
according to ZeroHedgeChinese households and companies moved a record $807 billion out of the country last year, and a large share of it landed in Hong Kong, helping the city overtake Switzerland as the world’s biggest offshore wealth hub.
according to ZeroHedge
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