Most Hong Kong stocks advance as BYD rises while chip curbs unsettle AI firms
BYD advanced amid strong EV sales in mainland China, while Anta and sportswear makers also gained. Chip and AI firms struggled in the face of widening tech rivalry between China, the US and Europe.
Bank of China pips HSBC in bond deals as Hong Kong IPOs face Sars-era slump
Investment bankers got busier arranging more bond deals in Hong Kong while the IPO market slumped to the lowest level since the severe acute respiratory syndrome or Sars struck the city in 2003.
Investment bankers got busier arranging more bond deals in Hong Kong while the IPO market slumped to the lowest level since the severe acute respiratory syndrome or Sars struck the city in 2003.
Shipping: unregulated contracts, fuel transition among biggest decarbonisation hurdles
The largely unregulated nature of shipping contracts and uncertain regulations for fuel transition are among the biggest barriers keeping the shipping sector from accelerating its decarbonisation, experts say.
The largely unregulated nature of shipping contracts and uncertain regulations for fuel transition are among the biggest barriers keeping the shipping sector from accelerating its decarbonisation, experts say.
Denza, BYD’s JV with Mercedes-Benz, launches second EV
Shenzhen Denza New Energy Automotive, the electric-vehicle (EV) venture between BYD and Mercedes-Benz, has launched a mid-sized sport-utility vehicle (SUV) in China to take on premium models assembled by the likes of BMW and Audi.
Shenzhen Denza New Energy Automotive, the electric-vehicle (EV) venture between BYD and Mercedes-Benz, has launched a mid-sized sport-utility vehicle (SUV) in China to take on premium models assembled by the likes of BMW and Audi.
China’s deleveraging drive misguided, may rein in corporate earnings: Alpine
China’s corporate earnings have run below potential in the past decade due to a deleveraging campaign driven by the belief excess stimulus promoted indebtedness and in the absence of a reflationary push, bonds will continue to outperform stocks, Alpine Macro said in a report.
China’s corporate earnings have run below potential in the past decade due to a deleveraging campaign driven by the belief excess stimulus promoted indebtedness and in the absence of a reflationary push, bonds will continue to outperform stocks, Alpine Macro said in a report.
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Singapore’s OCBC Bank eyes expansion in China, Southeast Asia to tap growth
Singaporean banking giant OCBC Group plans to expand in China and Southeast Asia in a bid to capture the strengthening trade relationships and growing demand for wealth management in the area, its CEO said on Monday.
Developer China Aoyuan seeks approval for US$4.2 billion offshore-debt plan
The agreement, which includes new notes, new shares, debt-to-equity conversion, perpetual securities and the transfer of shares to creditors, will need the approval of 75 per cent of offshore debt holders to move forward.
The agreement, which includes new notes, new shares, debt-to-equity conversion, perpetual securities and the transfer of shares to creditors, will need the approval of 75 per cent of offshore debt holders to move forward.
BYD sets new monthly sales record as China’s EV market surges back to life
The world’s biggest electric-car maker sold more than a quarter of a million units in June, beating the record it set a month earlier in the latest sign that a recovery in mainland China’s EV industry is on a solid footing.
The world’s biggest electric-car maker sold more than a quarter of a million units in June, beating the record it set a month earlier in the latest sign that a recovery in mainland China’s EV industry is on a solid footing.
Alibaba, Xpeng lift Hong Kong stocks on better ties as Yellen heads to Beijing
Stocks in Hong Kong jump by the most in two weeks amid expectations efforts to dial down US-China tensions will boost the appeal of local assets.
Stocks in Hong Kong jump by the most in two weeks amid expectations efforts to dial down US-China tensions will boost the appeal of local assets.
exclusive | Saudi Arabia to use Hong Kong as bridge to China’s tech prowess
Entrepreneurs are seizing the moment to tap the opportunities offered by warming China-Middle East ties.
Entrepreneurs are seizing the moment to tap the opportunities offered by warming China-Middle East ties.
China’s Tesla rivals see sales jump in June, as demand for EVs rebounds
The three main Chinese electric-car makers enjoyed a surge in sales buoyed by pent-up demand after months of lacklustre demand, boding well for an industry vital to the country’s economic recovery.
The three main Chinese electric-car makers enjoyed a surge in sales buoyed by pent-up demand after months of lacklustre demand, boding well for an industry vital to the country’s economic recovery.
French fashion tycoon’s visit shows importance of China’s huge luxury market
Since mainland China dropped all its travel curbs, the heads of the world’s most recognisable luxury brands have been making a beeline there, with French billionaire Bernard Arnault, the chairman and CEO of LVMH, the latest to make a high-profile visit.
Since mainland China dropped all its travel curbs, the heads of the world’s most recognisable luxury brands have been making a beeline there, with French billionaire Bernard Arnault, the chairman and CEO of LVMH, the latest to make a high-profile visit.
Return of mainland tourists lifts Hong Kong retail property segment
Hong Kong’s retail property segment has benefited the most from the return of mainland Chinese tourists to the city, with brands and food and beverage operators snapping up shops in high streets and luxury shopping centres alike, analysts said.
Hong Kong’s retail property segment has benefited the most from the return of mainland Chinese tourists to the city, with brands and food and beverage operators snapping up shops in high streets and luxury shopping centres alike, analysts said.
Hong Kong homebuyers snap up 70 per cent of Henderson Land’s new Kai Tak flats
Henderson Land sold seven out of every 10 units on offer at its Henley Park development in Kai Tak despite downward pressure in the city’s home market ahead of interest rate hikes.
Henderson Land sold seven out of every 10 units on offer at its Henley Park development in Kai Tak despite downward pressure in the city’s home market ahead of interest rate hikes.
Shanghai district plans to launch investment fund to support local tech firms
The government of Huangpu district, which forms part of Shanghai’s urban core, plans to launch an investment fund to support promising technology firms based in its 20.5 sq km area.
The government of Huangpu district, which forms part of Shanghai’s urban core, plans to launch an investment fund to support promising technology firms based in its 20.5 sq km area.
In China, a debate on whether money can be made from ChatGPT fever
An online back-and-forth between a venture capitalist and a well-known Chinese entrepreneur has stoked debate about the business potential of LLMs.
An online back-and-forth between a venture capitalist and a well-known Chinese entrepreneur has stoked debate about the business potential of LLMs.
Alberta government calls off partnership with Chinese private equity fund
A partnership formed in 2016 by Alberta Industrial Heartland and Hong Kong-based private equity firm Can-China Global Resource Fund ‘no longer exists’, a spokeswoman for the non-profit said.
A partnership formed in 2016 by Alberta Industrial Heartland and Hong Kong-based private equity firm Can-China Global Resource Fund ‘no longer exists’, a spokeswoman for the non-profit said.
Hong Kong stocks log quarterly loss on weak China data, bankers’ pessimism
Stocks erase an early advance, deepening the biggest quarterly loss since Beijing’s zero-Covid pivot. China is facing a confidence issue as investors wait for stronger policy responses, BlackRock says.
Stocks erase an early advance, deepening the biggest quarterly loss since Beijing’s zero-Covid pivot. China is facing a confidence issue as investors wait for stronger policy responses, BlackRock says.
Chinese Tesla rival Xpeng prices G6 SUV 20 per cent below Model Y
Xpeng hopes its G6, with a starting price of US$29,000, can topple its US rival in China, where the Model Y is outselling other SUV models.
Xpeng hopes its G6, with a starting price of US$29,000, can topple its US rival in China, where the Model Y is outselling other SUV models.
Wang Jianlin makes fourth bid to list Zhuhai Wanda in Hong Kong to avert refund
The management unit’s previous listing attempt – made in October 2022 – lapsed in April.
The management unit’s previous listing attempt – made in October 2022 – lapsed in April.
