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Cao Li
Senior Correspondent, Business
Cao Li has been working as a journalist focusing on China for two decades, covering a wide range of topics from politics, society and business. She previously worked at the Wall Street Journal and the New York Times in Beijing and Hong Kong.
Cao Li has been working as a journalist focusing on China for two decades, covering a wide range of topics from politics, society and business. She previously worked at the Wall Street Journal and the New York Times in Beijing and Hong Kong.
Areas of Expertise:
China finance, property and politicsLanguages Spoken:
English, Mandarin
City should scale up yuan-denominated trade finance and participation in stock and bond markets, David Liao says.
‘Xpeng and other mainland Chinese companies have abundant new technologies that can be introduced to Hong Kong,’ CEO says at expo in city.
Hong Kong Chief Executive John Lee touts city’s capital markets and professional services at auto expo.
The reversal of the usual A + H approach could help firms expand in the Greater Bay Area and encourage more Hong Kong IPOs, analysts say.
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‘The fear of missing out on China’s technological development has once again appeared,’ US investment bank says.
Despite calling the two cities twin engines for finance, Beijing’s actions favour Hong Kong as China’s one true global funding hub.
The Chinese bank invested in the US tech firm in 2018 through its Huaxing New Economy Fund.
Bank offers above-average separation packages in a move that is expected to be completed in the fourth quarter.
Probability of a global recession remains low, despite elevated political and economic uncertainties, Natixis Investment Managers says.
Falling US dollar likely to lure global investors back to Hong Kong, but it could also contribute to higher inflation and lower asset values.
Buyers include people from The Peak, the Southern district, Kowloon, as well as affluent individuals from mainland China and overseas.
The flats at the 447-unit project in Wong Chuk Hang were sold at an average of HK$62 million.
Under the new law, a company that wants to redomicile to Hong Kong is no longer required to wind up its existing operations.
Speakers at the Hong Kong conference next week are expected to discuss economics, trade and political uncertainties.
Around 18 per cent of global family offices say they plan to increase their exposure to mainland China.
Financial Secretary Paul Chan Mo-po says bill is part of broader policy initiative to develop commodity trading ecosystem in the city.
Shares of the restaurant chain began trading at HK$7.19 per share, before plunging 7 per cent to an intraday low of HK$6.69.
State-owned Sinopec, a mainland medtech firm and Hong Kong’s CSI Properties plan to raise funds amid surging activity.
Agreement is part of deals signed during John Lee Ka-chiu’s trip to Qatar and Kuwait, his second to the Middle East, amid frayed ties with the US.
Mutual trust between Washington and Beijing has deteriorated considerably, but a complete severing of ties is highly unlikely, economists say.
US President Donald Trump says trade talks in Switzerland could yield ‘substantive’ tariff cuts.
Hong Kong stocks climb as Beijing releases economic measures; Fed holds rates steady.
Hong Kong stocks rise as US-China trade talks seek de-escalation, boosting Hang Seng Index.
Demand for assets boosted the local dollar, prompting the HKMA to intervene in the foreign exchange market to protect its trading band.
Bao Jianmin is now listed as deputy general manager and a member of the Communist Party committee at the investment company.
Goldman Sachs says Fed could cut rates by a cumulative three-quarters of a point in July, September, and October.
As of 6pm, Hong Kong’s largest property developer sold all 288 of new Sierra Sea units it offered on Saturday.
Chinese investors flock to gold ETFs, boosting holdings amid geopolitical tensions and yuan concerns.
Southbound inflows have reached US$78 billion this year, surpassing annual net purchases for most years, except in 2020 and 2024: Goldman.
