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Elderly residents in a stretching group exercise on November 15, 2024. Photo: Dickson Lee

Banking & Finance

Banks, insurers rush for gold in Hong Kong’s ‘silver-hair economy’

Residents older than 65 years made up about 22 per cent of Hong Kong’s population of 7.5 million people in 2023, according to government data.

Hong Kong’s pension nest egg is on course for best return in 4 years

As stablecoin bill advances in Hong Kong legislature, advocates trumpet it

Tech War

Huawei’s latest phones still rely on South Korean memory chips

While Huawei has used Chinese memory chips in other handsets, the Mate 70 series features products from SK Hynix, a teardown analysis shows.

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A visitor looks at Huawei’s latest Mate 70 smartphone series at a flagship store in Beijing. Photo: Reuters
A visitor looks at Huawei’s latest Mate 70 smartphone series at a flagship store in Beijing. Photo: Reuters

China Business

China’s stocks dip as traders await clarity on stimulus amid holidays

Chinese stocks stuck in a narrow range over the past two months as investors gear up for effective implementation of stimulus policies.

Business

Hong Kong’s Community Chest says donations slide amid cracks in economy

HSBC, Cigna are among companies pledging to raise their contributions to social welfare causes next year.

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Business

Outlook for Hong Kong’s high-end homes to brighten in 2025

Luxury property prices to rise as much as 5 per cent next year, with rents also set to increase by the same level, Ricacorp’s Derek Chan says.

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View of residential buildings in Mid-Levels and The Peak, two sought after addresses in Hong Kong. Photo: Nora Tam
View of residential buildings in Mid-Levels and The Peak, two sought after addresses in Hong Kong. Photo: Nora Tam

Business

Chinese firms seek European base for factories amid trade tensions, tariffs

European industrial real estate developer CTP expects increased demand from Chinese firms that do not want to get caught in the trade war.

Big Tech

China approves over 1,400 video game titles for the year, the most since 2019

A total of 1,306 domestic games and 110 foreign titles were approved in 2024, up from 977 local titles and 98 imported ones last year.

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China Business

Buy or wait? Consumers put Beijing on hook for more rescue subsidies

Retailers fret about weak sales while ‘greedy’ consumers hold out for bigger subsidies from Beijing next year.

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Consumers shop for refrigerators at a trade-in promotion for home appliances in Handan on October 7, 2024. Photo: Getty Images

Banking & Finance

Hong Kong employers seek more relationship managers and data analysts next year

Human resource professionals also say customer due diligence officers are in demand.

Hong Kong’s bustling Central district. Photo: Jelly Tse
Hong Kong’s bustling Central district. Photo: Jelly Tse

Big Tech

Ant Group expands Alipay into two business units in latest restructuring

The company will adopt a ‘rotating presidential system’ for the two new businesses, with each unit president serving a six-month term.

China Business

China stocks trade sideways on central bank rate cut disappointment

ICBC, Bank of China and China Construction Bank hit record highs as falling government bond yields boost the appeal of dividend-paying stocks.

Big Tech

Amazon asks Chinese sellers not to offer cheaper prices on Temu

As competition heats up, the US retailer has started tracking product pricing on rival platform Temu, according to merchants.

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Some Chinese merchants say they have been asked by Amazon to stop offering products at a cheaper price on Temu. Photo: EPA-EFE

Business

Mainland Chinese retailers make their presence felt in Hong Kong

China’s largest coffee chain opens first outlet in the city as it goes up against US rival Starbucks.

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Luckin Coffee, China’s biggest coffee chain, has expanded into Hong Kong. Photo: China News Service via Getty Images
Luckin Coffee, China’s biggest coffee chain, has expanded into Hong Kong. Photo: China News Service via Getty Images

China Business

China’s CATL launches EV chassis that can withstand high-speed crash

Avatr, Changan Auto and Huawei will be the first to use the chassis, which has a battery capable of running for about 1,000km.

China Business

China will retain car-export crown in 2025, but growth may slow on EU EV tariffs

China’s top auto firms are likely to diversify by introducing petrol cars and hybrid models to blunt the impact of trade barriers.

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Business

Exclusive | Getting past poker: Sands China drives Macau to diversify economy

Xi Jinping to visit Macau for 25th anniversary of handover as Sands China unveils non-gaming strategy.

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Grant Chum. Artwork by Lau Ka-kuen
Grant Chum. Artwork by Lau Ka-kuen

Climate and energy

Hong Kong’s status as aviation, maritime hub faces green fuel challenge

Hong Kong has to act fast if it wants to become a green fuel hub for the aviation and maritime sectors, as both Singapore and China are way ahead, analysts say.

Blockchain

Decentralised kingdom: bitcoin’s Trump bump and how China lost its crypto crown

As the world’s factory, China cornered the market on bitcoin mining, leading to a flurry of crypto business activity before a harsh crackdown in 2021.

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China Business

Global CEOs see new hopes, old threats in Hong Kong vs Trump 2.0

‘People are leery of investing a lot of money in a country that is part of geopolitical tensions,’ Oaktree Capital’s Howard Marks says.

Illustration: Henry Wong
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OPINION
Scott Cheng,David Ketchum

Opinion | Weakest link in Hong Kong’s tech ecosystem? Scale-up funding

Scott Cheng
David Ketchum
David Dodwell

Outside In | Does Trump’s tariff-happy team realise China is playing weiqi, not chess?

David Dodwell
Andrew Sheng

Opinion | In a world fraught with risk, Trump will add to the bumps

Andrew Sheng
Nancy Qian

Opinion | How China can achieve its next wave of economic growth

Nancy Qian
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Nicholas Spiro

The View | Japan’s economic prospects a big theme in Asian real estate

Nicholas Spiro
Nikola Mikovic

Opinion | Hong Kong and Xinjiang could be the core of Kazakhstan’s China strategy

Nikola Mikovic
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MULTIMEDIA
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How Sands China is driving Macau 3.0

02:33
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NBA, Sands China collaborate to stage pre-season games in Macau

01:30
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Bitcoin surge stalls as crypto investors grow cautious

08:14
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Bridgewater's Prince says China is a 'unique opportunity' as funds diversify

06:08
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