Asia

15 Apr Shanghai is the sole commodities bourse to stay open to Russian aluminium, copper and nickel as sanctions drive Moscow towards China

Posted at 05:27h in Asia

Sanctions by the United States and the United Kingdom on Russian metals will cement China as Moscow’s buyer of last resort for key commodities, and enhance Shanghai’s role as a venue to set prices for materials crucial to the global economy.The London Metal Exchange’s ban...

15 Apr Chinese business executives see US-China rivalry as ‘biggest uncertainty’, stay upbeat on markets

Posted at 04:00h in Asia

Most of the discussion at the Harvard College China Forum, however, inevitably turned to the US-China relationship. 03:10Protests at US Congress after House passes bill that could potentially ban TikTok nationwideProtests at US Congress after House passes bill that could potentially ban TikTok nationwideXing Lu, an...

15 Apr Hong Kong stocks slump to 3-week lows on Middle East tensions, mood cautious ahead of China data dump

Posted at 02:37h in Asia

Hong Kong stocks declined to three week-lows as rising geopolitical tensions dealt a further setback to investor sentiment already rattled by last week’s export data shock. The mood has also turned defensive ahead of economic data due to be released during the week, including first...

15 Apr Hong Kong gearing up to become a hub for ILS such as catastrophe bonds, Insurance Authority says

Posted at 01:00h in Asia

“Our first mission is not to talk about the hub,” he said. “The first mission is aiming at resolving this huge protection gap on natural catastrophes, which exists around the world [and], in particular, in this region and China.”Catastrophe bonds, or cat bonds, are a...

15 Apr HSBC CEO Quinn says future tokenised products, like gold offering, will be ‘backed by something real’

Posted at 00:00h in Asia

Hong Kong’s largest commercial bank, HSBC, plans to expand its line-up of tokenised assets so its customers can enjoy the benefits of such digital products, but will make sure these offerings are grounded in reality, according to the bank’s CEO. It intends to steer away...

Innovative lighting products and solutions in HKTDC twin lighting fairs

15 Apr Galaxy Arena Sparks Fervor for Elite Table Tennis Competition in April

Posted at 00:00h in Asia

[The content of this article has been produced by our advertising partner.]The ITTF Men’s and Women’s World Cup Macao 2024, presented by Galaxy Entertainment Group and sanctioned by the International Table Tennis Federation (ITTF), organized by the Sports Bureau of the Macau SAR Government, Galaxy...

14 Apr Outgoing HKEX chairman Laura Cha stresses importance of raising exchange’s global profile

Posted at 23:00h in Asia

This endeavour aligned with Cha’s goal of elevating Hong Kong’s prominence on the international stage, a vision she had diligently worked towards since assuming leadership of the exchange in 2018.Cha’s tenure as the first female chairman in the bourse’s history draws to a close on...

14 Apr Opinion | As supply chains shift away from China, others get their own economic miracles

Posted at 07:30h in Asia

As global supply chains divide and expand out of China, including for geopolitical reasons, other countries are taking on a bigger role in supply chains linked to China. Chinese companies often gain little from this beyond continued access to Western markets, but the biggest beneficiaries...

14 Apr China’s banks withdraw some long-term fixed-income products, cut deposit rates to boost margins

Posted at 06:04h in Asia

China’s commercial banks are removing some of their long-term fixed-income products and cutting rates offered to depositors, in an effort to shore up profitability, as challenges, including a slumping property sector, mounting local government debt, and slow consumption recovery, weigh on lenders’ earnings.China Merchants Bank,...

14 Apr China property: ‘iPhone City’ gets a consumption upgrade incentive with trade-in scheme to revive woeful housing market

Posted at 03:30h in Asia

China is encouraging more property owners to swap their old homes for new ones as a way to rejuvenate the market, with a local government in central Henan province joining at least 30 other mainland cities in embracing the “trade-in” programme.Authorities in the provincial capital...