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19 Mar China’s ‘broker butcher’ regulator to lead effort to nurture mainland competitors for Morgan Stanley, Goldman Sachs

Posted at 05:29h in Asia

Now he faces an uphill battle to reshape China’s 11 trillion yuan (US$1.5 trillion) securities industry as a prescription for reversing a three-year market slump and reviving confidence among the country’s 220 million individual investors.China Securities Regulatory Commission Chairman Wu Qing attends a press conference...

19 Mar Nvidia unveils new AI ‘superchip’ line-up Blackwell, succeeding dominant H100 chip banned from sale to China

Posted at 04:49h in Asia

Nvidia chief executive officer Jensen Huang showed off new chips aimed at extending his company’s dominance of artificial intelligence computing, a position that’s already made it the world’s third-most-valuable business.A new processor design called Blackwell is multiple times faster at handling the models that underpin...

19 Mar Empowering innovators: how HKTDC’s Start-up Express is steering the future of global entrepreneurship

Posted at 03:25h in Asia

[The content of this article has been produced by our advertising partner.]Aligned with Hong Kong's vision to emerge as the region’s innovation and technology hub, the Hong Kong Trade Development Council (HKTDC) is steadfast in its pursuit through the Start-up Express initiative.This comprehensive start-up development...

19 Mar What’s next for Hui Ka-yan after China slapped Evergrande with a 4.2 billion yuan fine and banned him from the markets for life?

Posted at 02:55h in Asia

China’s securities regulator slapped a fine on one of the country’s largest property developers and barred its founder from accessing the capital markets for life, after accusing China Evergrande Group of fraud.Evergrande must pay a fine of almost 4.2 billion yuan (US$583.4 million), according to...

19 Mar Hong Kong stocks slip on weak Chinese corporate earnings, with Wuxi Apptech, Wuxi Biologics, Xpeng leading decline

Posted at 02:28h in Asia

Hong Kong stocks slipped as weak corporate earnings and downbeat guidance amid China’s growth concerns weighed on sentiment.The Hang Seng Index declined 0.7 per cent to 16,628.48 as of 10.05am local time. The Tech Index lost 1.1 per cent and the Shanghai Composite Index lost...

19 Mar China’s steel sector could cut carbon emissions by more than 10% next year with faster shift to clean production: report

Posted at 02:00h in Asia

China’s steel sector could cut its greenhouse-gas emissions by over a tenth from current levels by next year if the country gets more ambitious about adopting cleaner production technology, according to US think tank Global Energy Monitor (GEM).The emissions reduction – roughly the same as...

19 Mar South Korea’s Nvidia wannabe, AI chip start-up Rebellions, to begin mass production of NPUs, backed by Samsung

Posted at 01:00h in Asia

A version of this article was first published by The Korea Times in a partnership with the South China Morning Post.In an office building in southern Seoul, a dozen chips were laid side by side on shelves, each next to their own electric fan to...

19 Mar Hong Kong private credit goes where banks fear to tread: loans against property

Posted at 00:30h in Asia

Hong Kong-based Gaw Capital and Pacific Aegis Capital Management Group (PACM) are building a US$400 million war chest to tap lending opportunities backed by properties in the city as they embrace the unloved real estate sector after it was shunned by banks taking a negative...

Greenhouse Gas Protocol: Asia-Pacific firms have work cut out on meeting climate-disclosure requirements, executive implementing standards says

18 Mar Greenhouse Gas Protocol: Asia-Pacific firms have work cut out on meeting climate-disclosure requirements, executive implementing standards says

Posted at 23:30h in Asia

“To support companies in Europe and Asia, training, clear guidelines and cooperation with customers and suppliers are necessary.”The protocol was set up by Washington-based World Resources Institute and Geneva-headquartered World Business Council for Sustainable Development in 1998, to develop internationally accepted greenhouse gas accounting and...

18 Mar Huawei injects fresh capital into Shenzhen investment subsidiary as US-sanctioned tech giant returns to growth

Posted at 13:30h in Asia

With that infusion, Shenzhen Habo Technology Investment Partners – established in 2021 by Huawei and Habo Investment – last Thursday raised its registered capital to 7.98 billion yuan (US$1.1 billion) from 7 billion yuan previously, according to data from Chinese business registry platform Tianyancha.Huawei did...

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