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08 Apr Chinese tech giant Lenovo targets US$16 billion in sales of new AI-powered computers, smartphones via e-commerce partner JD.com

Posted at 09:00h in Asia

The two Hong Kong-listed partners are targeting 120 billion yuan (US$16.6 billion) in sales over the 2024-2026 period via JD.com’s online and offline channels, covering Lenovo’s next-generation AI PCs, AI-powered smartphones, tablets and other “AI-oriented infrastructure such as servers”, according to a statement published on...

08 Apr China’s latest investment frenzy sparks wild swings in gold ETF

Posted at 08:00h in Asia

An exchange-traded fund (ETF) that owns gold companies has become the latest target of frenzied trading in China as investors pile into corners of the market seen as resilient to the country’s economic challenges.Trading for the ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF was halted...

08 Apr Opinion | Hong Kong an outlier in making life easier for foreign homebuyers

Posted at 07:30h in Asia

This is patently not the case in other leading housing markets. Knight Frank, which monitors changes in rules and regulations that have implications for wealth flows and property markets, says shifts in policy are the biggest risk for international buyers of prime residential real estate...

08 Apr Hong Kong’s HashKey crypto exchange launches global platform with aim of overtaking Coinbase in 5 years

Posted at 06:29h in Asia

Hong Kong’s biggest licensed cryptocurrency exchange operator, HashKey Group, has launched a new global trading platform that it hopes will help the company overtake US-based crypto giant Coinbase in trading volume within five years.The new cryptocurrency exchange, HashKey Global, operates with a Digital Asset Business...

08 Apr Caution reigns in Hong Kong 2024 spring art auctions, with US$12.2 million Yoshitomo Nara painting the top lot

Posted at 06:07h in Asia

Of the 52 lots offered for sale, 49 found buyers – a sell-through rate of 94 per cent – who paid a combined HK$673.4 million (US$86 million). Six works were withdrawn from the Modern & Contemporary section of the sale and two from the Now...

08 Apr HSBC summit: Hong Kong’s heritage in ‘business of thriving’ is ‘not about to change’, John Lee tells global investors

Posted at 05:32h in Asia

HSBC, the biggest commercial bank in Hong Kong, is hosting the largest investment conference in the city to fill a void left by Credit Suisse. More than 2,500 market professionals and 300 corporate executives are gathering in the city this week to discuss top issues...

08 Apr Shimao Group faces winding-up petition from China Construction Bank, signalling developer is in ‘serious debt trouble’

Posted at 04:18h in Asia

Shimao urged its offshore creditors to “carefully consider” the restructuring plan put forward on March 25, in which it presented four options including short-term and long-term notes offering an aggregate principal amount of no more than US$4 billion, according to an earlier stock exchange filing.“This...

08 Apr MPF: Hong Kong retirement fund delivers 2.47% gain in first quarter with super rallies in US, Japan equity markets

Posted at 03:14h in Asia

The annualised net return of the MPF since its inception in December 2000 is 2.6 per cent, according to the provisional data that regulator Mandatory Provident Fund Schemes Authority (MPFA) released on Monday. This beats the 1.9 per cent inflation rate during the same period.The...

08 Apr Hong Kong stocks rise after US-China talks triggers cautious optimism, investors eye key data releases

Posted at 02:58h in Asia

Hong Kong stocks edged up in early trade on Monday, driven by cautious optimism around US-China talks, described as “extensive and productive” by US Treasury Secretary Yellen. Investors were however watchful ahead of a flurry of key economic data releases during the week that will...

08 Apr Exclusive | Global Investment Summit: HSBC fills Credit Suisse’s Hong Kong void by hosting 2,800-person conference

Posted at 00:00h in Asia

HSBC, the biggest commercial bank in Hong Kong, is hosting the largest investment conference in the city by bringing together thousands of global investors and companies to discuss top issues challenging the industry and the world.The HSBC Global Investment Summit, to be held April 8...

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