Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao as it tweaks restructuringAlibaba Group Holding has decided to withdraw the initial public offering (IPO) for its logistics operation Cainiao in Hong Kong and has offered to buy all remaining shares in the unit, in...
China’s economy remains resilient despite facing a multitude of headwinds, and global investors should focus on long term opportunities and take advantage of Hong Kong’s role as a “superconnector,” according to government officials and corporate executives.“Hong Kong is the only city in the world where...
The governor of China’s central bank talked up the country’s property market and the resilience of its financial system on Monday, as the debt pressures weighing on a leading developer have spawned more worries the crisis in the sector has yet to reach its conclusion.At...
Private equity giants operating in Asia are confident in their core business, but they are eyeing alternative assets such as private credit and infrastructure to generate better returns.As total deal value and fundraising in the Asia-Pacific private equity market slumped to the lowest in a...
China’s troubled property market is on track for a gradual return to stability despite the many challenges it still faces, China Resources Land said as it posted another profitable year in 2023, extending its streak through all crises since at least 1997.Earnings at the nation’s...
The price decline last month preceded the government’s lifting of all property cooling measures amid slower than expected economic growth and a high-interest rate environment that has dented demand for property. 13:00How Hong Kong's housing market became among the world’s most unaffordableHow Hong Kong's housing market...
“Amid a series of ‘black swan’ events, we have engaged with many families intent on future-proofing their financial assets and family legacies,” says Henry Lam, regional head of wealth planning and advisory, Asia-Pacific, HSBC Global Private Banking, citing broad estimates of trillions of dollars set...
Apple, Alphabet’s Google and Meta Platforms will be investigated for potential breaches of the EU’s new Digital Markets Act (DMA), European antitrust regulators said on Monday, potentially leading to hefty fines for the companies.The European Union law, effective from March 7, aims to challenge the...
Sentiment got an additional boost as China’s central bank governor Pan Gongsheng said that some “positive signals” had emerged from the property market, which has a solid foundation for healthy and stable development in the long run.Traders have a busy few days ahead as they...
Zeng offered his survival of the tech-savviest assessment on Monday from Hong Kong, where he delivered one of the keynotes at a sustainability conference. His view that market forces are taking hold in China is reinforced by the central government doing away with national subsidies...