Business /
Money
Mandatory Provident Fund (MPF)
Banking & Finance
Hong Kong’s pension nest egg is on course for best return in 4 years
MPF Ratings says ‘members may be tempted to have a US bias in their portfolio, but diversification is important’.
26 Dec 2024 - 4:46PM
China stock market
Buy or wait? Consumers put Beijing on hook for more rescue subsidies
25 Dec 2024 - 10:00AM
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Electric & new energy vehicles
China’s car parts, software industry to hit US$356 billion by 2030
20 Dec 2024 - 7:00PM
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China Business
Hong Kong stock market
Hong Kong shares fall after Fed signals slower easing next year
Federal Reserve’s hawkish forecast for just two rate cuts next year dampens sentiment.
19 Dec 2024 - 4:56PM
Markets in the US and Asia fell after Federal Reserve chairman Jerome Powell hinted at a slower pace of rate cuts next year. Photo: Reuters
Banking & Finance
IPO
Hong Kong IPO: actor Roger Kwok’s Herbs Generation ends up 10% on debut
The healthcare company’s shares were oversubscribed 6,083 times after they were priced at the low end of the range at HK$3.75.
19 Dec 2024 - 5:03PM
Banking & Finance
Hong Kong Monetary Authority (HKMA)
Hong Kong banks cut lending rates, but HKMA warns of volatility ahead
The latest rate cuts by lenders such as HSBC and Bank of China will lighten the monthly burden on mortgage borrowers by about HK$351 to HK$22,452.
19 Dec 2024 - 4:50PM
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China Business
Electric & new energy vehicles
CATL to build 1,000 EV battery swap stations in China to ease range anxiety
Ten new EV models using the battery swap technology will be developed by CATL and its partners such as Changan Auto and FAW Group, chairman says.
18 Dec 2024 - 9:15PM
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Robin Zeng, CEO of EV battery maker CATL, greets a guest after a launch event for the next generation of swap stations in Xiamen, Fujian province on December 18, 2024. AP Photo
Blockchain
Digital currencies
Hong Kong licenses 4 more crypto exchanges amid bitcoin price surge
The approvals bring the total number of licenced virtual asset firms to seven, as Hong Kong moves to revive its crypto industry.
18 Dec 2024 - 8:56PM
China Business
Electric & new energy vehicles
Geely banks on profits from petrol cars as EVs inflict losses on rivals
‘As a carmaker, you will lose a profit growth engine if you do not make petrol cars,’ CEO Gui Shengyue says in interview.
18 Dec 2024 - 10:52PM
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Banking & Finance
Banking & finance
Chinese money fuels hiring spree among private banks in Hong Kong
Wealth managers like UBS, Bank of Singapore and Julius Baer are expanding teams to cater to surging mainland Chinese money.
16 Dec 2024 - 12:37PM
Banking & Finance
HKEX
HKEX launches fund platform to boost Hong Kong’s appeal as wealth hub
The first phase of the integrated fund platform launched on Friday provides information on more than 2,000 retail funds.
13 Dec 2024 - 5:56PM
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The HKEX launched the first phase of an electronic platform that provides data on all retail funds in the city on Friday. Photo: Jonathan Wong
China Business
Electric & new energy vehicles
Chinese EV maker Nio takes aim at BMW, Audi with new luxury sedan
The ET9, which Nio expects to start delivering in March, is priced at 800,000 yuan (US$110,080) in presale.
13 Dec 2024 - 6:00AM
China Business
Electric & new energy vehicles
Chinese EV maker Jiyue to cut operations in bid to stay in brutal race
Some projects will be scrapped and some business units merged in an ‘all-out’ effort towards ‘rebirth’, CEO says.
12 Dec 2024 - 7:30AM
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Banking & Finance
Wealth management
Mainland Chinese investors unimpressed with Wealth Management Connect expansion
Restrictive marketing rules and stringent eligibility requirements will continue to deter wealthy Chinese from the scheme, analysts say.
11 Dec 2024 - 7:53PM
China Business
China stock market
China consumer spending to rise modestly in 2025, Bain and Kantar say
Report predicts a single-digit percentage rise in the value of consumer spending next year, as volume rises while price pressures continue.
10 Dec 2024 - 9:35PM
Tourists walk past a shopping mall in Kunming City, southwest China’s Yunnan Province, on December 6, 2024. Photo: Xinhua
China Business
China property
Shanghai Disneyland tightens wheelchair rules to curb misuse
Change follows complaints that able-bodied guests were renting powered wheelchairs to bypass queues and speed through the park.
10 Dec 2024 - 7:29PM
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Banking & Finance
Banking & finance
Bridgewater’s Ray Dalio: invest in gold, bitcoin rather than debt assets
Indebtedness in the US, China and most major countries has increased at ‘unprecedented levels’ and will not be sustainable, he says.
11 Dec 2024 - 3:06PM
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China Business
Electric & new energy vehicles
Chinese EV start-up Hozon eyes exports to ride out price war
The Shanghai-based EV maker aims to sell 50 per cent of its cars overseas by 2026 and turn a profit the same year, founder Fang Yunzhou says.
10 Dec 2024 - 6:15AM
Hozon founder and chairman Fang Yunzhou at the delivery ceremony of Neta X cars in Hong Kong in September. Photo: May Tse
Banking & Finance
Ant Group
Ant Group promotes CFO Han to top post as Alipay owner marks 20-year milestone
CEO Eric Jing will relinquish his management post on March 1 next year and retain his role as group chairman, according to an internal memo on Sunday.
8 Dec 2024 - 1:58PM
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Blockchain
Digital currencies
China’s selfie app Meitu sells all crypto before bitcoin hit US$100,000
Meitu netted US$80 million on bitcoin and ether holdings, exiting the crypto market amid a historic rally after the US re-elected Donald Trump.
5 Dec 2024 - 1:00PM
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China Business
Bonds
China’s 10-year bond yield slumps to record low, pressuring yuan
‘Staggering’ new low signals ‘chilling risk forecast’ amid a deflationary spiral ‘eerily reminiscent’ of Japan’s long malaise, analyst says.
4 Dec 2024 - 5:00PM
OPINION
Weijian Shan
Opinion
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Why it’s time Hong Kong joined China’s currency zone
17 Sep 2024 - 5:35PM
4
Jeffrey Wu
Opinion
|
How Hong Kong’s battered stock exchange can earn its reputation back
25 Aug 2024 - 10:47AM
4
Andrew Sheng
Opinion
|
How America’s national debt has become the world’s liability
26 Jul 2024 - 4:30PM
6
James David Spellman
Opinion
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Why central banks must quickly but conscientiously reckon with AI
2 Jul 2024 - 4:30PM
Anthony Rowley
Macroscope
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ESG investing: a waste of climate finance?
15 Jun 2024 - 4:30PM
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Zhou Xin
Opinion
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China still has lessons to learn in internationalising the yuan
11 Apr 2023 - 7:00AM
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