Asia

07 Apr Hong Kong fund managers set up shop in Middle East finance centres to seize opportunities, talent

Posted at 23:00h in Asia

Last month, Hong Kong-based hedge fund Infini Capital Management opened an Abu Dhabi office after receiving in-principle approval from Abu Dhabi’s Financial Services Regulatory Authority (FSRA) to establish a presence there, according to the company. This would set the stage for it to become the...

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07 Apr Who’s the new Nvidia? Wall Street hunts for next wave of AI winners beyond the US

Posted at 15:20h in Asia

At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia’s stock, investors are pointing toward emerging markets for better value and a bigger pool of options. Source link ...

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07 Apr Xiaomi’s maiden EV, selling at a loss, turbocharges price war forcing China’s small players out of business

Posted at 10:15h in Asia

Goldman Sachs said in a research note on April 1 that it believed the fully electric sedan “is highly competitive and demonstrates Xiaomi’s capabilities of becoming a potential price leader in the market rather than a price follower.”The SU7, fitted with intelligent features such as...

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07 Apr China e-commerce: how SoftBank-backed Firework aims to help mainland merchants sell directly in overseas markets

Posted at 10:10h in Asia

“Live-stream shopping in China is very influencer-driven. People watch live streams because they trust the influencer,” he said. “Whereas in the US, it’s still brand-focused. The relationship is between the brand and the customer, not an influencer.”Unlike mainland China’s influencer-driven live-streaming e-commerce segment, the direct...

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07 Apr Sales spike for China’s pre-owned homes in early 2024 points to property-market recovery later this year, analysts say

Posted at 07:00h in Asia

China’s pre-owned homes market is showing signs of recovery, based on data for the first two months of 2024, amid continued efforts by authorities to ease purchase restrictions to arrest a prolonged nationwide property slump.Sales of second-hand homes in 25 major cities across the country...

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07 Apr Hong Kong needs new solutions, legislation to rescue its money-losing plastic bottles recycling industry, expert says

Posted at 06:00h in Asia

If the sorting and shredding can be done at the collection points, it would greatly enhance the financial viability, said Craipeau, a French entrepreneur with nearly two decades trading recycling machine parts and materials in the region, including establishing a plastics recycling plant in Indonesia.Max...

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07 Apr Exclusive | Saudi Arabia to showcase futuristic, zero-carbon megacity at Hong Kong investor roadshow

Posted at 04:34h in Asia

The man in charge of a showpiece project of Saudi Arabia’s plan to diversify its economy away from oil will bring a roadshow to Hong Kong inviting investors to back the ambitious development.Nadhmi Al-Nasr, the chief executive officer of Neom – a US$500 billion futuristic...

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07 Apr Expect more proposals on ESG issues in China, as reforms unleash minority shareholder activism, Allianz GI says

Posted at 03:00h in Asia

Under the mainland’s revised company law enacted in December, from July 1, the minimum ownership threshold for submitting shareholder resolutions to be voted on at shareholder meetings will be lowered from 3 per cent to 1 per cent.The move, together with the China Securities Regulatory...

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07 Apr Web3 Festival attracts smaller crowd, greater enthusiasm in Hong Kong after record bitcoin price

Posted at 02:01h in Asia

Attendance is down, but enthusiasm is up at Hong Kong’s Web3 Festival this year amid sky-high bitcoin prices that have helped draw in an even greater proportion of overseas participants compared with last year.The vast majority of participants – an estimated 80 per cent –...

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07 Apr Commercial property: Japan gains upper hand in attracting foreign investment as China’s uncertain outlook deters capital

Posted at 02:00h in Asia

Meanwhile, China’s central bank has been on an easing trajectory, with its latest decision in February cutting 25 basis points from banks’ five-year loan prime rate (LPR), the largest shave since the LPR was designated as the main rate benchmark in 2019.People take pictures in...

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