Asia

09 Apr Hong Kong stocks trade close to four-week high as NetEase jumps on new game approvals, EV makers BYD, Li Auto rise

Posted at 02:14h in Asia

Hong Kong stocks rose for a second day, with the benchmark hovering near a four-week high, as NetEase rallied among game operators after China approved new imported game titles this month.The Hang Seng Index gained 0.5 per cent to 16,814.63 as of 10.39am local time....

09 Apr New-energy vehicles to make up 50% of China’s new cars sales by 2030, Moody’s forecasts

Posted at 01:39h in Asia

New-energy vehicles (NEVs) will make up about half of new car sales in mainland China by 2030, as state incentives and expanding charging stations win over more customers, according to Moody’s Investors Service.The projection suggests a steady and continuous gain over the next six years...

08 Apr China EV price war: Tesla rival Li Auto says cheapest model yet to ‘bring you happiness’, will launch next week

Posted at 22:00h in Asia

Li Auto, Tesla’s nearest rival in mainland China, plans to launch a new, more economical model aimed at families amid a price war in the country’s electric vehicle (EV) market.The mid-sized, five-seater Li L6 sport-utility vehicle (SUV) will be priced below 300,000 yuan (US$41,470), the...

08 Apr Promising sustainability trends in Asia Pacific revealed in Business Sustainability Indices 2023

Posted at 16:00h in Asia

[The content of this article has been produced by our advertising partner.]The Chinese University of Hong Kong Business School’s Centre for Business Sustainability (CBS)’s BSI 2023, released last November, unveiled encouraging sustainability trends in the Asia Pacific region. The indices assess the performance of 371...

08 Apr Hong Kong’s IPO market is looking up as pipeline grows, while mainland bourses to struggle amid regulatory curbs: Deloitte

Posted at 12:20h in Asia

First-time stock offerings in Hong Kong are expected to improve on the back of a strong pipeline of candidates, as well as mainland Chinese companies switching their listing from other venues, according to Deloitte.“We have witnessed an increase in listing applications, in particular from the...

08 Apr HSBC summit: idea that China is ‘uninvestible’ is ‘shallow and lazy’, Primavera Capital’s Fred Hu tells panel

Posted at 11:36h in Asia

The world’s second-largest economy is still the single-biggest contributor to global gross domestic product growth, and the size and scale of its industries is still huge, he told a panel called “The new China playbook, China by numbers”.“Any global investor who seeks to build a...

08 Apr Alibaba Cloud cuts prices again, this time for international customers as AI generates surging demand

Posted at 11:30h in Asia

Alibaba Group Holding’s cloud computing unit has slashed prices for international customers by up to 59 per cent, as the tech giant fights to woo users amid a global race for computing resources driven by rapid artificial intelligence (AI) development.The international cloud business of Alibaba,...

08 Apr HKEX reaches out to Saudi, Indonesian companies in move to broaden IPO targets in emerging markets

Posted at 10:45h in Asia

Hong Kong’s stock exchange operator is reaching out to companies in Saudi Arabia and Indonesia as it seeks to broaden its potential listing candidates from emerging markets, after losing some big initial public offering (IPO) prospects from mainland China.“We have recently engaged in preliminary communications...

08 Apr Coca-Cola launches 500ml bottles made from 100% recycled plastic in Hong Kong as it cuts environmental footprint

Posted at 10:00h in Asia

The Coca-Cola Company has announced the launch of 500ml bottles made completely out of recycled plastic for its namesake fizzy drink in Hong Kong as part of a push to reduce its environmental footprint.The global beverage giant said on Monday afternoon that all 500ml bottles...

08 Apr AIA redefines wealth planning with a multi-currency savings plan that boasts high potential returns and flexibility

Posted at 09:08h in Asia

Indeed, the cost of overseas education can be substantial, often surpassing HK$1 million. Despite the high costs, there has been an approximate 30% increase in the number of students seeking further education outside of Hong Kong over the past three years.6Legacy planning is another crucial...