Hong Kong stocks slid from a four-month high, as China’s sluggish inflation data suggested weak domestic demand and as investor expectations of US interest rate cut were dealt a blow by surging consumer prices.The Hang Seng Index fell 1.3 per cent to 16,925.09 as of...
China drove a global surge in new coal-fired power plants last year, building and approving capacity at a rate not seen in nine years despite the country’s promise to “strictly control” its use of the most damaging fossil fuel, according to a new report.China accounted...
The use of generative artificial intelligence (AI), the powerful tool behind OpenAI’s ChatGPT, could push the capabilities of cyberattacks to new heights while also offering new defence mechanisms, but most organisations are still learning to harness the tool, according to one of Microsoft’s leading AI...
Hong Kong’s biggest annual Web3 gathering concluded on Tuesday with industry executives looking to capitalise on the ballooning bitcoin price ahead of what is expected to be the city’s imminent approval of spot exchange-traded funds (ETFs) for the virtual asset this month.Industry leaders attending the...
Taiwan Semiconductor Manufacturing Co’s quarterly revenue grew at its fastest pace in more than a year, shoring up expectations that a global boom in artificial intelligence (AI) development is fuelling demand for high-end chips and servers.The main chip maker to Nvidia and Apple reported a...
China has designated areas where limits on foreign investment for select telecommunications services will be lifted, with the cities of Beijing, Shanghai, Shenzhen and the island province of Hainan acting as testing grounds for an oft-cited goal to open the bedrock industry to overseas capital.These...
HSBC plans to host another global investment summit within the first four months of 2025 in the city, after this year’s sell-out inaugural conference drew 3,500 attendees, an overwhelming success that CEO Noel Quinn said was proof that “Hong Kong is back”.The bank hosted more...
China last year bred an average of one new unicorn each week amid frenzied growth in the country’s artificial intelligence (AI) sector, bucking a declining trend in global venture capital investments, according to a new research report.The nation added 56 unicorns – start-ups valued at...
An anti-subsidies investigation into Chinese wind turbine manufacturers by the European Union (EU) could saddle the bloc’s renewable project developers with high costs and slow down their decarbonisation efforts, while the impact on Chinese firms could be limited, analysts said.“Since the basis of the complaint...
German businesses in China have reiterated their calls for a level playing field, with two-thirds of those surveyed seeing themselves in “unfair competition” when operating there – findings which add to pressures on Beijing from foreign investors over persistent struggles related to market access and...