Advertisement
Advertisement
-
Money /

Spending

Related Topics:
Stocks
Banking & finance
A saleswoman adjusts gold jewellery for sale at a shop in Lianyungang, in China’s eastern Jiangsu province, on December 24, 2025. Photo: AFP
Banking & finance

Chinese gold, silver investors face gut check amid volatility, fund suspensions

Some retreat to the sidelines as another fund suspends new investments and futures plunge, while others remain determined to buy the dip.

Banking & finance

Luxury and lifestyle giants signal confidence in China’s consumer recovery

International Property

Is Saudi Arabia the next Dubai for Hong Kong and mainland property investors?

Wealth management

Shareholders of Chinese firms eye Hong Kong for family offices: asset manager

Chairman of Oakwise Capital says wealthy mainland Chinese will continue looking to Hong Kong as a home for their family offices.

Wang Fengyu, founder and chairman of Hong Kong-based Oakwise Capital. Photo: Handout
Wang Fengyu, founder and chairman of Hong Kong-based Oakwise Capital. Photo: Handout
Hong Kong property

Skechers to take over Patek Philippe space on Causeway Bay’s Russell Street

American footwear and apparel company takes advantage of a slump in Hong Kong’s retail market.

Wealth management

Hong Kong’s ultra rich get the cheapest champagne, priciest lawyers

Hong Kong falls to third place amid dropping property prices, cheap champagne, research says.

Advertisement
Advertisement
Advertisement
Artificial intelligence

Visa charges ahead with plans for AI to go shopping with your credit card

Visa is working on an AI that searches for goods and services and buys them for you, while checking past transactions to send you ads.

Visa is working with tech developers to create an AI that will search for good you want, then buy them with your credit card. Photo: AP
Visa is working with tech developers to create an AI that will search for good you want, then buy them with your credit card. Photo: AP
Fintech

Digital wallets are finally taking hold in Hong Kong, report shows

A survey found that 42 per cent of Hongkongers use Alipay and 22 per cent use Apple Pay, but credit cards are likely to remain relevant.

Hong Kong economy

Exclusive | Yacht haven: Hong Kong aims to be growth hub for leisure-boat industry

Government policies and planned marina will make the city a centre for the industry’s growth, experts say.

Retailing

‘Old money’ look beats nouveau riche glitz in China’s spending slump

Call it old money fashion or quiet luxury style, minimalist design and simplicity stay timeless for Chinese consumers.

videocam
Pedestrians pass in front of the Polo Ralph Lauren store in Beijing in July 2021. Photo: Getty Images
Consumers

Why China consumers are not splurging on LVMH, Burberry, Kering luxury goods

Waning confidence among China’s middle class consumers could further undermine sales of global luxury brands, analysts say.

videocam
6
Consumers seen outside a Christian Dior store in Beijing in October 2024. Photo: Bloomberg
Consumers seen outside a Christian Dior store in Beijing in October 2024. Photo: Bloomberg
China property

Greater Bay Area home sales surged in June after property market rescue package

Demand for new homes in the Greater Bay Area rebounded last month after Beijing’s historic measures to rescue the property sector took effect. However, a meaningful recovery in prices will take time amid economic headwinds, says Cushman & Wakefield.

videocam
Hong Kong property

Hong Kong property sales plunge again as high interest rates dent demand

There is likely to be little relief for the sagging market in the coming months as interest rates are tipped to remain high, says Ricacorp Properties.

videocam
Electric & new energy vehicles

Quit your price war and focus on safety, CATL boss warns China’s EV makers

Zeng is the latest business leader to criticise the cutthroat competition amid mounting worries that constant price reductions are undermining profitability, reputation and even safety in China’s EV industry.

videocam
Goldman Sachs forecast that if BYD were to slice another 10,300 yuan (US$1,418) off the price of each of its vehicles, the overall profitability of the country’s EV industry would turn negative in 2024. Photo: Bloomberg
Hong Kong property

Mainland retailers struggle to survive Hong Kong’s sky-high rents, competition

A tide of mainland Chinese retail brands expanding in Hong Kong appears to have ebbed, with several food and beverage chains ending their tenancies as their businesses come under pressure

videocam
People pass by a closed shop in Mong Kok The city’s famously high property rents are a constant threat to the survival of retailers. Photo: SCMP Pictures
People pass by a closed shop in Mong Kok The city’s famously high property rents are a constant threat to the survival of retailers. Photo: SCMP Pictures
Hong Kong economy

Beauty chain Sa Sa’s profit soars as mainlanders return to shop in Hong Kong

Hong Kong beauty products retailer Sa Sa International saw its profit jump almost fourfold in the last financial year as the number of mainland Chinese tourists returning to shop in the city continued to rise.

videocam
Electric & new energy vehicles

EU’s tariffs may stall, not stop, China’s EV exports, analysts say

The additional tariffs the EU plans to levy will not be severe enough to shut most Chinese-made electric vehicles (EVs) out, as the cost advantages of companies like BYD will outweigh the curbs, analysts say.

videocam
5
Advertisement
Advertisement
Advertisement
Electric & new energy vehicles

Overseas price wars will sow doubts over quality of Chinese EVs, Bain warns

Bain advises Chinese assemblers, which already enjoy a cost advantage, to focus on premium models when building their global image, rather than selling cheaper cars to lure budget-conscious consumers.

videocam
Geely electric vehicles bound for shipment to Europe at the Port of Taicang in Jiangsu Province, China. Photo: Bloomberg
Geely electric vehicles bound for shipment to Europe at the Port of Taicang in Jiangsu Province, China. Photo: Bloomberg
China property

Shimao is latest developer to see sales rise since China’s property stimulus

Shimao has become the latest Chinese home builder to report higher property sales aided by Beijing’s stimulus package aimed at reviving its crisis-hit real estate sector.

videocam
China property

Poly Property’s sales slump as Beijing’s rescue package brings mixed results

The Chinese state-backed developer saw sales fall by almost a fifth in May, adding to a mixed picture of the impact of Beijing’s historic measures to rescue its crisis-hit real estate segment.

videocam
Electric & new energy vehicles

China’s Nio predicts record EV sales in second quarter as incentives lure buyers

The Shanghai-based carmaker said second-quarter deliveries could reach 54,000 to 56,000 units, up as much as 86.3 per cent from the previous quarter, which would top its previous record.

videocam
Nio plans to begin mass production and delivery of the L60 (pictured) to mainland customers in September. Photo: Daniel Ren
China property

Country Garden’s home sales jump as Beijing’s rescue package boosts developers

Country Garden sold more properties in May, becoming the second major Chinese developer to see turnover improve after Beijing launched a historic rescue package to shore up its battered real estate segment.

videocam
The Foshan-based company that was once China’s top home builder by sales shifted 4.29 billion yuan (US$592 million) worth of properties last month, an 11.4 per cent monthly increase. Photo: Bloomberg
The Foshan-based company that was once China’s top home builder by sales shifted 4.29 billion yuan (US$592 million) worth of properties last month, an 11.4 per cent monthly increase. Photo: Bloomberg
Hong Kong property

Hong Kong property deals plunge as exuberance over scrapping of curbs fades

Hong Kong’s property sales fell by a quarter in May, the latest official data shows, as analysts said the initial exuberance over the lifting of property cooling measures had started to wear off.

videocam
4
Hong Kong property

Hong Kong is Asia’s busiest ‘super-prime’ housing market: Knight Frank

With 132 transactions in the year to March, Hong Kong beat its main rival, Singapore, which recorded 88 deals in what the property consultancy referred to as the super-prime residential market.

videocam
Electric & new energy vehicles

China’s GAC Aion targets Hong Kong motorists with new EV models on horizon

The Chinese state-owned carmaker said it plans to intensify its push into Hong Kong’s electric vehicle market by setting itself an ambitious target of 4,000 sales in the city by the end of this year.

videocam
GAC Aion has two new models planned for Hong Kong this year. Photo: Reuters
Help preserve 120 years of quality journalism.
SUPPORT NOW