About a year after Bao Fan disappeared from public view, his boutique Chinese investment bank is shrinking and being circled by rivals.Almost a third of China Renaissance Holdings’ staff in Hong Kong, which includes investment banking, private equity and wealth management teams, have either resigned...
Yet even Singapore’s real estate industry has experienced a marked slowdown during the past year. The deceleration in activity is most evident in the residential market. Sales of new private homes last year fell to their lowest level since the 2008 financial crash, while...
US-based social network giant Meta Platforms has seen its China-related revenue grow steadily due to strong traction from mainland-based advertisers, as Chinese brands vie for consumers in foreign markets.In 2023, China accounted for 10 per cent of Meta’s total revenue of US$134.9 billion, up from...
In many developed countries, large parts of the population are over 65, with Japan having the highest proportion of elderly – 28 per cent of its population. People in this age group tend not to be productive, making them a significant economic burden on...
Nations including India, Japan, France and Canada are talking about the importance of investing in “sovereign AI capabilities”, Huang said in an interview on Thursday with Bloomberg Television. “Their natural resource – data – should be refined and produced for their...
If given HK$8 million (about US$1 million) to spend, entrepreneur Tommie Lo would invest in something that is close to his heart and also benefits society: rescuing dogs.“I want to do something new that is meaningful and impactful,” Lo says. “I’m a big dog lover,...
Chinese authorities have reiterated the need for technological breakthroughs in a range of hi-tech areas, including graphics processing units (GPUs), quantum computing, humanoid robots and brain-computer interfaces, in Beijing’s latest effort to seek control of “the industries of the future”.A document issued on Monday by...
Hong Kong’s role as a “superconnector” between the capital markets of mainland China and the rest of the world will continue because of hugely untapped investment opportunities, Nicolas Aguzin, the CEO of bourse operator Hong Kong Exchanges and Clearing (HKEX), told the ...
In a strategic move to become Asia’s innovation hub, Hong Kong is enhancing its efforts to attract start-ups and innovators. The Hong Kong Chief Executive’s 2023 policy address revealed a visionary plan, featuring the establishment of a New Industrialisation Development Centre backed by a HK$10...
Bankers at the World Economic Forum in Davos are the latest to warn that the sovereign debt of low-income countries has reached a breaking point as high interest rates, the pandemic’s aftermath, sluggish growth worldwide, and a strong dollar persist – troubles that forced Ethiopia’s...