The spate of sobering news provides the latest evidence that an anticipated surge in spending by well-heeled Chinese freed from the world’s strictest Covid-19 lockdowns is failing to materialise. While some luxury companies are managing the fallout better than others, the rest could be forced...
Ping An Insurance (Group), China’s largest insurer by market capitalisation, is exploring ways to further expand operations in Hong Kong and the Greater Bay Area, its newly appointed co-CEO said.“Greater Bay Area, including Hong Kong, is going to be the centre of wealth creation,” said...
To achieve its climate goals, Hong Kong should close three “loopholes” in green finance by setting volume targets, restricting fossil fuel financing and enacting a specialised anti-greenwashing law, according to Greenpeace.While the city boasts of being the top green finance hub in Asia, having arranged...
“A new batch of units are expected to be launched in the short term, and there will be room for price increases,” Wheelock executive director Ricky Wong said in reaction to the strong market sentiment.Wheelock’s Seasons Place in Tseung Kwan O. Photo: HandoutEven before the...
Indonesian logistics company J&T Global Express reported its first annual profit in China despite an escalating industry price war in its first earnings report since going public in Hong Kong last October.The company recorded a gross profit of US$58.8 million and adjusted earnings before interest,...
CK Hutchison Holdings, the flagship conglomerate controlled by Hong Kong’s business tycoon Li Ka-shing, has announced that it is swapping out its co-managing directors as Victor Li Tzar-kuoi and Canning Fok Kin-ning step aside but keep other critical roles within the firm.Li will stay on...
“There are more clients coming back to look at the China market and asking us about market views,” Liu Minyue, an investment specialist at BNP Paribas Asset Management in Hong Kong, said in an interview. “Sentiment seems to be improving.” 02:40Chinese Premier Li Qiang delivers his...
“Most of our investments are all over the world. But our priority in terms of building out infrastructure and building out business operations is definitely Saudi,” Siu said. “Also, Saudi is a market in itself, with a very strong gaming population.”Hong Kong’s Animoca secures US$50...
The flats at Gateway Square Mile, comprising 46 one-bedroom and 22 two-bedroom flats, ranged from 252 to 353 sq ft. They were priced from HK$4.37 million (US$589,000) to HK$7.3 million after discounts, or HK$17,029 to HK$21,586 per square foot.Henderson Land offered 68 units in the...
Chinese artificial intelligence (AI) start-up Moonshot AI had an outage that lasted for at least two days, as enthusiastic users rushed to get a taste of the Kimi chatbot, its answer to OpenAI’s ChatGPT.The Beijing-based company said it first observed an “abnormal continuous increase in...