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01 Apr Hong Kong stocks: lack of earnings momentum risks derailing sentiment-driven rebound, analysts say

Posted at 06:03h in Asia

Hong Kong stocks are priced for perfection and vulnerable to shocks, according to analysts. A stream of unimpressive earnings announcements could end the two-month rebound in Asia’s third-largest stock market as investors struggle to find fresh catalysts.The uptick in the Hang Seng Index is at...

01 Apr China’s growing stature in the art market fosters well-informed collectors, demand for advisory services from banks

Posted at 02:30h in Asia

China’s art collectors have done their research when it comes to making purchases, and as China became the world’s second-largest art market in 2023, banks are experiencing higher demand for art advisory services, according to family office advisers.“Art is becoming a key focus in many...

01 Apr Opinion | Lack of clarity sets up Hong Kong’s environmental plans for disaster

Posted at 01:30h in Asia

When it comes to managing our waste, Hong Kong has been a bit of a muddled mess for the past decade, and it looks likely to get worse in the coming months.With hotels and restaurants set to face a ban in just three weeks on...

31 Mar Hong Kong property: Li Ka-shing’s CK Asset lists another 110 flats at Blue Coast after 8,000 buyers jump at first 138

Posted at 07:39h in Asia

CK Asset Holdings, the flagship property developer of Hong Kong billionaire Li Ka-shing, is putting another 110 units at its Blue Coast project on the market after buyers enthusiastically oversubscribed the development’s first batch of flats.The new list includes 20 two-bedroom units and 90 three-bedrooms...

31 Mar Hong Kong grocers feel pain as locals rush to Shenzhen for cheaper prices; luxury and experiential retailers fare better

Posted at 07:30h in Asia

Improved retail sales last year appear to have helped retail landlords, as the average retail rent rose 4 per cent in 2023, according to government data. This put shop rents just 10 per cent below the pre-pandemic peak in February 2019, S&P said.Pedestrians cross a...

31 Mar Prudential sees windfall from Hong Kong’s cash-for-residency scheme, Greater Bay Area opportunities, CEO says

Posted at 02:00h in Asia

Hong Kong’s revamped investment-migration programme is paying off for insurers such as Prudential Hong Kong, which is planning to expand its product line to appeal to the wealthy would-be Hongkongers taking advantage of the scheme, according to its top boss.Like peers Manulife and AIA, as...

30 Mar Green innovation: Hong Kong start-ups nurture trillions of tiny algae as carbon-capture tech to address climate change

Posted at 02:00h in Asia

Most plant life on the planet does the same thing, producing oxygen and energy for its own use in the process. But microalgae have a prodigious capacity for carbon dioxide relative to their mass, which is why Alcarbo – and many competitors – are racing...

29 Mar China’s new rules for finance pull the brakes on gravy train, bringing ‘greed is good’ era to a halt

Posted at 22:00h in Asia

“Everyone, from the top brass to people like us in middle ranks, earn less than before,” said a credit manager with Bank of China, one of the country’s “big four” state-owned banks, lamenting the loss of the staggering bonuses that she used to bag in...

Hong Kong cultivated seafood start-up Avant Meats seeks funds to expand Singapore pilot plant to grow groupers, snappers, eel meat from cells

29 Mar Hong Kong cultivated seafood start-up Avant Meats seeks funds to expand Singapore pilot plant to grow groupers, snappers, eel meat from cells

Posted at 07:19h in Asia

Avant Meats, a cultivated seafood company that started life in Hong Kong, is planning a 30-fold expansion in its capacity to make sustainable seafood for global markets after positive response from consumers at a recent tasting event.Global fishing practices have resulted in nearly 90 per...

29 Mar China stocks gain in rally fuelled by banks following steady earnings reports; eyes on PMI data

Posted at 02:58h in Asia

Chinese stocks rose, on track for a second straight month of gains, led by state-owned banks which rose on steady earnings reports. Investors remain watchful ahead of official PMI data due this weekend, which is expected to show manufacturing activity improved after contracting for five...

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