The world’s most valuable non-state-controlled companies saw their market value grow by more than 40 per cent from two years ago, driven by the surge in growth of the digital economy amid the Covid-19 pandemic.
Here is what some of the biggest money managers in the US and Europe are saying about China’s regulatory crackdown and what they are doing with their money.
Hui Wing-mau, the chairman of Shanghai-based Shimao Property Holdings, has just opened his new flexible working space in the world’s most expensive office building, The Center, in Hong Kong’s Central district.
As the price of second-hand homes soar, some prospective buyers are electing to rent while they wait in the hopes that the market will eventually cool down, according to property agents.
For International Youth Day, we’re looking at the motivations – such as supporting family or inspiring girls to skate – that fuel the dreams of elite Olympians who are also just teens and pre-teens.
Xpeng topped JD Power’s survey about car owners’ experience with 42 in-vehicle technologies, scoring 615 while Tesla came second at 597 and Li Auto was third at 577.
Hong Kong companies accused of ‘piggybacking on the wins’ with lucrative rewards for Tokyo medal winners, but bumper windfalls will no doubt be welcome.
Hong Kong has completed its best-ever Olympics with six medals – one gold, two silver and three bronze – for a total of nine since the city’s debut in 1952.
The 14-year-old Tokyo Olympic champion Quan Hongchan is latest diving prodigy to emerge from southeastern Chinese province’s ‘dream team within the dream team’.
Homes measuring between 431 and 752 sq ft soared to record-breaking prices in June as couples and young families snapped up second-hand units in areas like the New Territories.
An index measuring the prices of second-hand homes stayed at 394.5, data from the Ratings and Valuation Department shows, just a whisker below the previous peak of 396.9 in May 2019.
The price gap between Kowloon and New Territories has narrowed from HK$4,000 per square foot in 2010, to about HK$1,700 per square foot according to recent sales launches, agents said.
US investment bank JPMorgan said emigration has had little effect on Hong Kong’s property market, and that home prices were on course to set a record in a month or two’s time.
Guangdong province lays out Greater Bay Area data plans amid Beijing’s increasing scrutiny of data security and efforts to speed economic digitalisation.
The developer enjoyed two lively sales weekends after concrete defects were found in two blocks later earmarked for demolition because engineers didn’t deem them serious enough at the time.
Vitasoy shares plunged 10 per cent last week in the aftermath of a leaked internal memo and a backlash by consumers in mainland China. Can the firm behind the city’s venerable brand tame the crisis?
Hong Kong is unlikely to see a significant impact on housing demand from the growing emigration wave, according to the head of Reda, joining a chorus of analysts who expect prices to continue rising.
The latest data shows how Hong Kong’s housing market has regained its footing to resume its bull run, as trillions of dollars of low-interest capital unleashed by global central banks found their way into fixed assets.
HSBC and Standard Chartered, which have announced big expansion plans in the Greater Bay Area, want cross-border travel restrictions to ease as they face headwinds from the pandemic.