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Buoyed by low interest rates and excess liquidity, Hong Kong home prices advanced 13 percent in the first 11 months of 2017, according to Rating and Valuation department's private residential property price index. It had surged 430 percent to record highs since 2003 when the local property sector was buffeted by the Severe Acute Respiratory Syndrome outbreak. While homes prices are swelling, property transactions fell from 18,900 in the second quarter of 2017 to 13,200 in the third quarter last year.

British and European business owners will pitch their ideas to Chinese millionaires next month in a Dragons’ Den-style competition organized by the publisher of Asia’s rich list, the Hurun Report.

Brilliance China used to only have one joint venture with BMW Group, with BMW Brilliance Automotive producing luxury passenger cars in Shenyang. So did Renault, with its Chinese venture Dongfeng Renault Automobile manufacturing SUVs in Wuhan, capital of Central China's Hubei province. Sources in the auto sector, who declined to be named, said the new joint venture is significant for Renault, as it is seizing the opportunity to use its second and last chance－as per quotas－for a conventional vehicle joint venture in China, and helping Jinbei to stop losing money.

Britain's pro-Brexit Daily Telegraph noted that "Macron worked the charm from the moment he arrived".

Brendt Christensen. [Photo/Agencies]