Just a third of Chinese carmakers met their annual sales goal in 2023 as competition in the world’s largest car market heats up.Only four of the 13 brands that have disclosed annual sales figures accomplished their targets, led by electric vehicle maker Li Auto, which...
For Hong Kong designer Nelson Chow, a disciplined approach drives both his career and financial successReal estate, vintage watches, artworks and sculptures – these are among the items that architect and interior designer Nelson Chow would buy if given HK$8 million (about US$1 million) to...
The government will not be rolling out any commercial sites for sale either because of high vacancy rates, she added.Only one plot, an industrial site in Yuen Long, will be put up for tender, Linn said. The 3.2 hectare site has been earmarked for the...
China’s local government financing vehicles (LGFV) need to pay back a record amount of maturing local bonds this year, testing the limits of a central government program to help them refinance their debt and avoid default.The nation’s LGFVs — the companies that borrow on behalf...
Bearish bets against Chinese electric vehicle maker BYD have surged to the highest since September, reflecting worries that sales growth may slow as competition intensifies.Short interest on the shares accounted for about 5.5 per cent of the stock’s free float in Hong Kong as...
China’s leading bubble tea makers including Mixue Bingcheng and Guming are rushing to apply for first-time share sales in Hong Kong as companies in the fast-growing sector expand aggressively amid fierce competition.Mixue Group and Guming Holdings, China’s largest and second-largest freshly-made bubble tea chains by...
The cash-strapped Dalian Wanda Group, a major Chinese conglomerate and the country’s largest shopping mall operator, has sold its luxury hotel in Shanghai to Indonesian pulp and paper billionaire Sukanto Tanoto as it looks to overcome a liquidity crisis.The 193-room luxury hotel, opened in...
This report comes after almost three-quarters of Hong Kong’s employers – 74 per cent – said in April that they were struggling with talent shortages, with 61 per cent having faced the problem for up to three years, according to a poll of 196 employers...
"As an entrepreneur, having dreams, a forward-looking mindset, and the courage to take responsibility are essential. We must also be determined to pursue our dreams and invest in them," he says. "In my case, I'm driven by a vision to establish Viva Goods as...
HSBC Holdings is set to debut an international payments app aimed at directly challenging the dominance of fintechs like Revolut and Wise that have gathered tens of millions of retail customers by offering cheap foreign exchange.Zing will initially be offered in the UK, but Europe’s...