Asia

12 Mar China’s sustainability funds have tripled since launch of ‘dual carbon goals’, but concerns over disclosure requirements, investor education remain: Morningstar

Posted at 10:35h in Asia

The number of sustainability funds has tripled in mainland China since the world’s largest emitter of greenhouse gases pledged to reach peak emissions by 2030 and carbon neutrality by 2060, with local asset managers seizing opportunities arising from the green transition, US financial services firm...

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12 Mar Developer China Vanke claims Moody’s junk-level downgrade is manageable as shares and bonds gain on bailout reports

Posted at 09:45h in Asia

Workers build a China Vanke development in Dalian, Liaoning province, China, in September 2019. Photo: ReutersVanke shares rose more than 10 per cent to HK$6.30 on Tuesday. The Hang Seng Mainland Properties Index, a gauge tracking 10 mainland home builders listed in Hong Kong, advanced...

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12 Mar China’s Olympic gymnast Li Ning mulls buying out his sportswear company as ailing Hong Kong market spurs take-private deals

Posted at 08:40h in Asia

A number of global and regional private equity firms, including TPG, PAG and Hillhouse Investment, have been tapped to see if they are interested in joining as an investor, two of the people said.The discussions to take Li Ning Co private are in the early...

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12 Mar Wharf sees more struggles ahead in Hong Kong, mainland China after reporting weak property sales, profit in 2023

Posted at 08:34h in Asia

Wharf (Holdings) said the slump in Hong Kong and mainland China’s property markets is likely to take more time for it to overcome, after the developer suffered another year of slower sales and earnings in 2023, while letting its land bank deplete to conserve cash.Total...

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12 Mar China EVs: Xiaomi to deliver highly anticipated SU7 from month-end as it takes on Tesla, BYD amid raging price war

Posted at 06:03h in Asia

Chinese smartphone maker Xiaomi will start deliveries of its maiden electric vehicle (EV) on March 28 as it joins the fray against established players like BYD and Tesla amid an ongoing discount war in the highly competitive domestic market.The Beijing-based company said on Tuesday orders...

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12 Mar ChatGPT creator OpenAI slams Elon Musk’s claims as ‘incoherent’ in Microsoft-backed start-up’s first legal response to tech billionaire’s lawsuit

Posted at 05:23h in Asia

ChatGPT creator OpenAI has lambasted Elon Musk’s allegations against it, saying in a court filing that the billionaire entrepreneur’s claims “rest on convoluted – often incoherent – factual premises”.In the filing, OpenAI said that it did not violate its agreement with Musk because “there is...

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12 Mar Hong Kong stocks rise to their highest this year as buy-back propels market higher

Posted at 02:55h in Asia

Hong Kong stocks rise to their highest this year as buy-back propels market higherHong Kong stocks rallied on Tuesday amid hopes that current valuations could encourage more company managements to buy back their shares in a bid to boost investor confidence and sentiment.The Hang Seng...

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12 Mar QNET embraces Copilot for Microsoft 365 to supercharge productivity 

Posted at 02:52h in Asia

[The content of this article has been produced by our advertising partner.]Microsoft has recently rolled out Copilot for Microsoft 365, a powerful Generative AI tool that seamlessly integrates with Microsoft 365. This innovative solution is rapidly gaining traction among enterprises in different sectors, as it...

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12 Mar Alibaba revamps staff incentives to better reward high-performing staff and bolster morale, people say

Posted at 02:30h in Asia

Chinese e-commerce powerhouse Alibaba Group Holding is revamping staff incentives to combine more exercisable stock options with cash in an effort to boost employee morale amid intense competition in a challenging market environment.The new incentive scheme will come into effect from April 1, 2024, the...

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12 Mar Opinion | What does Xi’s hi-tech push mean for China?

Posted at 01:30h in Asia

Between 1980 and 2017, China’s foreign direct investment increased by more than 90 times, making it by far the top recipient among emerging markets. Similarly, when China first started its economic reforms in 1978, its population was around 960 million. By 2017, it had reached...

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