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...
Fiscal policies will support innovation in particular, with incentives like additional deductions for research and development, tax reductions for key industries, and personal tax benefits for the conversion of scientific and technological achievements. Advanced manufacturing will benefit from investment-linked tax incentives, which include value-added tax...