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Morgan Stanley: HK property market has bottomed out

Morgan Stanley: HK property market has bottomed out

The Standard4 hours ago

Iran warns of 'surprise' move to be 'remembered for centuries' as Middle East crisis deepens

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Xia Baolong holds 3-hour closed-door talks with Hong Kong business leaders
Xia Baolong holds 3-hour closed-door talks with Hong Kong business leaders

South China Morning Post

timean hour ago

  • South China Morning Post

Xia Baolong holds 3-hour closed-door talks with Hong Kong business leaders

Beijing's top official overseeing Hong Kong affairs held a three-hour closed-door discussion with local tycoons and business leaders on the third day of his inspection trip to the city on Friday. Advertisement Xia Baolong, director of the Hong Kong and Macau Affairs Office, also visited Ocean Park in the afternoon before taking a boat trip to Lamma Island. The exchanges on Friday morning, held at the government headquarters in Admiralty, marked the first time since last November that Xia had direct talks with local business elites in Shenzhen. Tycoons at the meeting included Peter Lee Ka-kit, chairman and managing director of Henderson Land Development; Gordon Wu Ying-sheung, chairman of Hopewell Holdings; Stephen Ng Tin-hoi, chairman and managing director of the Wharf Holdings; and Sonia Cheng Chi-man, executive director of New World Development. Wingco Lo Kam-wing, president of the Chinese Manufacturers' Association of Hong Kong, and Jonathan Choi Koon-shum, chairman of the Chinese General Chamber of Commerce, were also among those seen streaming into the venue. Xia Baolong meets the city's tycoons and other business leaders at government headquarters. Photo: Handout Financial sector heavyweights, including Carlson Tong Ka-shing, chairman of Hong Kong Exchanges and Clearing, and Haywood Cheung Tak-hay, chairman of the Hong Kong Gold Exchange, also showed up.

Putin says Russia has shared peace proposals with Israel and Iran
Putin says Russia has shared peace proposals with Israel and Iran

South China Morning Post

timean hour ago

  • South China Morning Post

Putin says Russia has shared peace proposals with Israel and Iran

President Vladimir Putin said Friday he has secured Israel's pledge to keep Russian personnel at Iran's Russia-built nuclear power plant secure and that he has reached out to both sides to try to end the week-old war. Answering questions on a variety of issues at the St Petersburg International Economic Forum, Putin also warned Ukraine that it could lose more territory if it keeps rejecting Russia's conditions for peace. Putin said Russia has proposed 'some ideas' for a possible settlement between Iran and Israel that are currently being discussed. He said Moscow asked Israeli Prime Minister Benjamin Netanyahu to ensure the security of Russian personnel who are working to construct two more reactors at the nuclear power plant in Iran's port of Bushehr and that he also raised the issue with US President Donald Trump. 'Prime Minister Netanyahu has agreed with that, and President Trump has promised to support our legitimate demands,' Putin said. But he strongly rejected allegations that Moscow has failed to back its ally, Tehran, saying the Kremlin has maintained good ties with both Iran and Israel. He noted that Israel is home to nearly 2 million people from Russia and other former Soviet nations, 'a factor that we always have taken into account'.

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