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Donald Tsang



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3Vote!

Fashion handbags win their selling spring

In early November last year, shortly after Donald Tsang, Hong Kong’s chief executive went on television to appeal for central government’s strong support under current financial storm, a dozen of women from mainland rushed to Hong Kong for help carrying cash and credit cards with them. They headed for Elements Square which is opened no [...]

4Vote!

Hong Kong's property market: Flat out

A boom gathers momentum HAVING seen the damage caused by property bubbles, Hong Kong officials are determined not to have a repeat on their own patch. Last month the territory’s de facto central bank pushed banks into increasing the amount of cash they demand of homebuyers. John Tsang, Hong Kong’s usually tepid financial secretary, called in big developers to warn of government intervention...

4Vote!

Designer handbags win their selling spring

In early November last year, shortly after Donald Tsang, Hong Kong’s chief executive went on television to appeal for central government’s strong support under current financial storm, a dozen of women from mainland rushed to Hong Kong for help carrying cash and credit cards with them. They headed for Elements Square which is opened no [...]

11Vote!

Hong Kong Property Buyers Vanish

Uncertainty over government policy has caused consternation among Hong Kong property buyers. The special administration region's chief executive Donald Tsang has made it clear that the government doesn't was a "huge" property bubble, and is willing cool the market by any means available. Reuters: Last month, Tsang said the government, which sells land by auction, could make more available...

6Vote!

Hong Kong leader vows to prevent repeat of 1997 property bubble

Hong Kong - Hong Kong's leader on Monday vowed to act to prevent a bubble in the city's property market. Chief Executive Donald Tsang promised business leaders that he had the tools in place to stabilise the market if necessary, and that action alr...

3Vote!

Things That Piss Me Off On Sunday

Another report in the SCMP today about a woman conned into having sex with a man, this time under the pretext of exorcising ghosts in her flat. This time it's a 63 year old unemployed man and a 47 year old housewife. Once again, the man is charged with " procuring unlawful sexual acts by false pretences." (I guess that's the British spelling of pretenses') Jeez, if that's really against the...

4Vote!

Donald Tsang Blames The Media For His Troubles | ESWN

Hong Kong SAR Chief Executive lashes out at the media for biased media coverage. Here are the front page stories in Apple Daily, Oriental Daily and The Sun over the past two weeks.

6Vote!

Hong Kong leader accuses opponents of 'groundless smear campaign'

Hong Kong - Hong Kong leader Donald Tsang Tuesday hit out at what he claimed was a groundless smear campaign against him by political opponents. The city's Beijing-appointed chief executive said the campaign, centred on allegations of favouritism t...

5Vote!

This we have, this we don't

People hate Donald Tsang so much now that when he announced something sensible, in this case that we should use energy saving lightbulbs. People realized that Tsang's son's wife's father runs a business distributing energy saving lightbulbs, and so are screaming that Tsang had some ulterior motive. "He is really stupid despite his professing to be a politician," unionist lawmaker Lee Cheuk-yan...

4Vote!

$56 Million Apartments - This Hong Kong Apartment is an Extra-Expensive Estate (GALLERY)

(TrendHunter.com) Right after an announcement made by Hong Kong’s Chief Executive Donald Tsang that a real estate bubble could possibly occur, a Hong Kong apartment was sold for a whopping HKD 439 million—that’s $56.6 million…

4Vote!

Real Estate Tirade

The SCMP reports that a doctor called in to Lord Donald Tsang on a radio call-in show and told him that even on her salary combined with that of her boyfriend - a lawyer - they could not afford to buy a flat in Hong Kong even though we are in an economic downturn and prices are supposed to be lower. The Donald's response? He told her not to be so picky. "From what I can see, properties are still...

3Vote!

Walking a fine line

HONG Kong started its life as an entrepot and never really gave up the calling. It has grown into one of the world's great financial centres, but its panache is based on its legacy as a entrepreneurial transport hub, perhaps second to none in the world. It was dismaying, although not surprising, to see that Hong Kong's government, in the guise of its chief executive Donald Tsang, again gave maritime...

18Vote!

Hong Kong apartment sells for whopping $57 million

HONG KONG — It's a price tag that would make even New Yorkers and Londoners gasp – an outsized luxury apartment sold for nearly $57 million in Hong Kong Wednesday amid growing fears of a real estate bubble. The five-bedroom duplex suite with as much as 6,158 square feet was sold to an unidentified buyer from mainland China, said the developer, Henderson Land Development, a major Hong Kong...

4Vote!

Cathay Pacific welcomes Policy Address relating to aviation, logistics and tourism

Cathay Pacific today welcomed the announcement by the HKSAR Chief Executive, Mr Donald Tsang, in his Policy Address that the Hong Kong Airport Authority (AA) would carry out a midfield expansion ...

15Vote!

Hong Kong Apartment Sells For...$57 Million!

Think the real estate bubble popped long ago? Think again. Someone in Hong Kong just bought an apartment for nearly $57 million. According to the AP , it's a five-bedroom duplex suite with as much as 6,158 square feet; it is believed to be Asia's most expensive property by square foot at nearly $9,200. There's an aroma spa center, fitness room, outdoor yoga gym and grand harbor views. Plus, the new...

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3Vote!

Bank Of China Begins Processing Cross-border Yuan Settlement

Bank Of China Begins Processing Cross-border Yuan Settlement - konaxis.net

HongKong is the Chinese yuan's clearing center outside the mainland as the Chinese currency is used to settle trade transactions between the territory and five mainland cities. The first cross-border yuan trade settlement was announced by the Bank of China (BOC), China's largest foreign exchange bank, to have been completed on Monday, July 6. The payee was Shanghai Electric International Economic and...