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Shanghai faces future home shortage as developers vie for scarce land

Property investment growth in Shanghaislowed in the first half of this year amid intense competition among developers for new land parcels in mainland China’s commercial capital, fuelling worries about a short supply of new homes.

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HK retail investors "pessimistic" on second half fortunes, says JP Morgan

Confidence gauge pinpoints China’s cooling economy, policy tightening by the Fed, and the yuan’s continued depreciation as key risk factors over next six months

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IBM revenue beats estimates as shift to cloud pays off

​International Business Machines Corp's quarterly revenue beat analysts' expectations as the company's shift to high-growth areas such as cloud-based services begins to yield results.

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China will struggle to maintain growth pace for wages, warns official

Overcapacity in coal and steel sectors, as well as declining agricultural prices, taking toll on salaries, National Bureau of Statistics says

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CICC’s shares drop as China Mobile to sell its 2.5pc stake in the Chinese lender

​China Mobile’s stake sale, which will raise US$48 million, viewed as normal divestment, according to analyst

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China renews orange alert for Typhoon Nepartak

China renewed an orange alert for extreme weather as Typhoon Nepartak made landfall early on Friday in eastern Taiwan, bringing strong gusts and downpours to the area.

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Hang Seng futures decline after US stocks tumble on renewed Brexit contagion fears

Hong Kong stocks are expected to open lower Wednesday, as the Hang Seng Index futures July contract fell 0.4 per cent or 85 points to 20,640 in the pre-opening session.

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British pound plummets to new 31-year low on renewed Brexit fallout fears, China fixes yuan at fresh multi-year low

The Chinese yuan continued its slide on Wednesday morning after the Chinese central bank fixed the currency at a fresh five and a half year low against the US dollar, while the British pound skidded to a new 31-year low versus the greenback on renewed concerns about the Brexit fallout.

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Gold investment rebounding in China

Chinese people are likely to be on gold investment fever again as international gold prices have rebounded. The country has consumed 318.28 tons of gold in the first quarter.

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Oscars not quite so white: film academy offers membership to its largest, most diverse group ever

In the latest and most dramatic step by the Academy of Motion Picture Arts and Sciences to diversify the overwhelmingly white and male institution, 683 industry professionals were invited Wednesday to join the nearly 90-year-old organisation.

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It's Brexit: Hang Seng Index plummets as Britain votes to leave EU in stunning referendum result

The verdict, which triggered a freefall of the British pound and turmoil on world markets, is a shocking turnaround after most polls had suggested Britons wanted to stay in the EU.

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HK banking regulator "concerned" about credit risks linked to aggressive mortgage lending by developers

Hong Kong’s banking regulator has expressed concern over the ultra-accommodative financing schemes offered by some Hong Kong developers to entice home buyers, saying that it is studying whether controls are needed to help offset credit risk.

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India opens door to foreign investors by announcing sweeping economic reforms

India announced on Monday sweeping reforms to rules on foreign direct investment, opening up its defence and civil aviation sectors to complete outside ownership and clearing the way for Apple to open stores in the country.

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Rio residents out to make a killing letting homes to visitors for Olympic Games

With hotels 97pc full despite near doubling of rooms since 2009 and Airbnb taking 30,000 bookings, enterprising locals are asking as much as HK$18,000 a night for use of their homes

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HK outstrips London to become world's most expensive office market: report

China's Hong Kong has become the world's most expensive office market due to lack of space in prime areas and stronger demand from the mainland financial firms, according to a recent report released by leading commercial property and real estate services adviser CBRE.

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2030 vision: 5 ways the world's educators must adapt to the new machine age

Economist Intelligence Unit report commissioned by newly launched Yidan Prize Foundation stresses need to integrate technology in classrooms, and prioritise vocational training and adaptability

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Job prospects for new HK graduates decline: high level jobs hard to find and earnings drop

The city has nurtured more workers with a university degree in the past two decades, but less than half of them could take up top managerial and professional jobs and they made less money than older graduates, research from the Legislative Council secretariat has found.