Tag Archive | "wealth"

Hong Kong's Leung Tackles Wealth Gap With Aid to Poor, Housing

Hong Kong's Leung Tackles Wealth Gap With Aid to Poor, Housing Hong Kong Chief Executive Leung Chun-ying pledged to give assistance to poorer families and overcome the challenge of building more homes as he seeks to quell popular discontent over a record wealth gap. The government will spend about HK$ 3 billion … Full News here […]

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Hong Kong Poverty Line Shows Wealth Gap With One in Five Poor

Hong Kong Poverty Line Shows Wealth Gap With One in Five Poor Hong Kong, a city with a surging number of millionaires and home to some of Asia's richest people, finds a fifth of its population living in poverty. About 1.3 million people, or 19.6 percent of the population, were below the poverty line last […]

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Survey: Asia edged out by NAmerica in wealth list

HONG KONG (AP) — A report says Asia’s rich got richer last year but fell to second place in combined wealth behind North America, though the region may regain the top spot again as soon as next year. Full News here – Hong Kong feed

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Hong Kong Edges Out Singapore in Millionaire Wealth

Hong Kong Edges Out Singapore in Millionaire Wealth For decades, the Asian city-states of Singapore and Hong Kong have competed to be recognized as Asia's international business capital. In 2012, Hong Kong moved ahead of its Southeast Asian rival, at least in terms of millionaire wealth, according to a … Full News here – Read more […]

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Boom spreads wealth wider in the Philippines

MANILA, Philippines (AP) — Just three years ago a new car and an overseas holiday were unthinkable luxuries for J. Ante and her family of six. The insurance company manager’s commissions have soared since then as the Philippines, blighted for a generation by venal and incompetent leaders, has unexpectedly boomed, putting middle class comforts within […]

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RMB wealth management products expected in Hong Kong

/enpproperty–> The Qianhai Equity Trading Center, which is expected to begin operating this month, will provide loans to Qianhai enterprises by launching RMB-denominated wealth management products in Hong Kong. The yields of those financial products may reach 10 percent because of the higher risk of the small- and medium-sized enterprises in Qianhai, a financial pilot […]

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Rich Chinese look abroad to preserve wealth

BEIJING (AP) — China’s richest people are stepping up investment in U.S. real estate and other foreign assets as they try to preserve their fortunes in the face of a fast-changing economy, a report said Tuesday. The report by China Merchants Bank and the consulting firm Bain & Co. in China reflects uncertainties about abrupt […]

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Wen Jiabo’s family is indignant over report on vast wealth

BEIJING — Attorneys for family members of China’s prime minister hit back over the weekend at the New York Times, calling the newspaper’s report about wealth amassed by Wen Jiabao’s family “untrue” and suggesting they may take legal action. On Friday, a Times story said Wen’s relatives controlled a fortune worth $ 2.7 billion. The […]

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Report: China premier’s family denies huge wealth

BEIJING (AP) — Lawyers have denied a report that Chinese Premier Wen Jiabao’s family has amassed $ 2.7 billion in “hidden riches,” a Hong Kong newspaper said Sunday. The New York Times said in a lengthy article Friday that most of the alleged wealth was accumulated by Wen’s relatives after he rose to high office […]

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Report: China premier’s family denies huge wealth

BEIJING (AP) — Lawyers have denied a report that Chinese Premier Wen Jiabao’s family has amassed $ 2.7 billion in “hidden riches,” a Hong Kong newspaper said Sunday. The New York Times said in a lengthy article Friday that most of the alleged wealth was accumulated by Wen’s relatives after he rose to high office […]

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Report: China premier’s family denies huge wealth

BEIJING (AP) — A Hong Kong newspaper says Chinese Premier Wen Jiabao’s family has denied a report that it has amassed assets worth $ 2.7 billion. The New York Times reported Friday that most of the wealth was accumulated after Wen rose to high office in 2002. The South China Morning Post on Sunday published […]

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Plunge In Li & Fung Shares Reduces Wealth Of Hong Kong's Fung Family By

Plunge In Li & Fung Shares Reduces Wealth Of Hong Kong's Fung Family By … A 19% plunge in the stock price of Hong Kong's Li & Fung, the global sourcing giant whose business partners include Wal-Mart, wiped more than $ 1 billion from the controlling Fung family's wealth on Friday. Shares tanked after the […]

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Plunge In Li Fung Shares Reduces Wealth Of Hong Kongs Fung Family By More Than $1 Billion

A 19% plunge in the stock price of Hong Kong's Li & Fung, the global sourcing giant whose business partners include Wal-Mart, wiped more than $ 1 billion from the controlling Fung … Full News here – Hong Kong News latest RSS headlines – Hong Kong News.net

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Hong Kong’s Largest Bullion Vault Signals Region’s Rising Wealth – Bloomberg

Hong Kong’s largest gold-storage facility, which can hold about 22 percent of the bullion now in Fort Knox, will open in September to meet rising demand from banks and the wealthy, according to owner Malca-Amit Global Ltd. The facility … Full News here – Hong Kong – Bing News

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Societe Generale is to repay HK wealth management clients $11 million

Societe Generale is to repay HK wealth management clients million July 17 (Reuters) – Hong Kong's financial watchdog said onTuesday that Societe Generale is to repay $ 11 millionto wealth management customers for failing to properly discloseits fees to them.The Securities. Full News here – Read more on Reuters

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