Midday News Highlights | Local Property Price Index rises for the ninth consecutive time

SighingCashier · 2026-03-27T06:40:02+00:00

Hong Kong's property price index has risen for nine consecutive months, with rents reaching new highs. As inflationary pressures in the UK intensify, the market anticipates interest rate hikes, with some banks offering over 15% interest on GBP fixed-term deposits. Citigroup has upgraded the rating and target price for Meituan, expecting profits to recover in the third quarter. After the Hongfu Garden fire, the government arranged for residents to go upstairs and tidy up, allowing 3 to 4 people per household to stay for 2 hours. Donald Trump became the first sitting U.S. president to sign his name on U.S. currency.

SighingCashier

2026-03-27 06:40:02

Abstract generation in progress

The property price index rose by 1.59% in February, marking nine consecutive months of increase.

The local property price index has risen for nine consecutive months, reaching a nearly two-year high; the private residential rental index continues to hit record highs.

GBP Fixed Deposit | Will the UK reverse its interest rate hike? Four banks offer GBP deposit rates exceeding 15%.

The situation in the Middle East has intensified inflationary pressures in the UK, with the market betting that the Bank of England will start raising interest rates as early as April, and one bank in Hong Kong offers a one-week GBP fixed deposit rate as high as 16.8%.

Major Bank Report | Citigroup upgrades Meituan rating, target price raised by 17%.

Citigroup raised its rating and target price for Meituan (03690) following its earnings announcement, expecting core local businesses to return to profitability in the third quarter, providing strong support for the stock price.

Fire at Hong Fu Court | Arrangements for residents to return to collect belongings; reportedly allowing 3 to 4 people per household to stay for at least 2 hours.

The government will announce arrangements for Hong Fu Court residents to return to their units to collect belongings in the afternoon, and it is understood that the initial inclination is to allow 3 to 4 people per household to go upstairs simultaneously, staying for at least 2 hours.

US Dollar Signatures | Breaking a century-old tradition, Trump is the first sitting US president to sign on US banknotes.

Trump will become the first sitting US president in history to sign on US banknotes, breaking a 165-year tradition.

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