The number of Hong Kong homeowners with apartments worth less than their mortgages surged 15 times in the first quarter, according to the Hong Kong Monetary Authority.A stark contrast to what was going on in Shenzhen at the time.
The number of negative-equity mortgages rose to 1,432, with a total value of HK$4.9 billion ($634 million), for the three months ended March, from 95 such home loans worth HK$418 million in the previous quarter, the city’s de facto central bank said on its website Friday.
Construction sector drives jump in insolvencies
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New data from the Australian Securities & Investments Commission (ASIC)
shows a big jump in external administrations in March, with 7,742 firms
going und...
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