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The People’s Bank of China building in Beijing. Photo: Reuters

Multi-country digital currency platform is worth the effort: central bankers

‘We must reduce new cross-border payment frictions while removing existing ones,’ says PBOC deputy governor.

Stronger Hong Kong-Asean ties to open doors in banking, insurance markets

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Chinese premium EV maker Xpeng adds Qatar to export list

Regulatory support, connector role a boon to Hong Kong’s med-tech hub ambition

InvestHK has assisted nine medical technology companies to set up or expand their businesses, attracting US$7.7 million of investments.

Tai Po InnoPark’s purpose-built facilities offers space for med-tech companies to set up shops in Hong Kong. Photo: Wilson Lau

UOB eyes domination in Southeast Asia’s US$2 trillion trade finance business

UOB has only 1 per cent of the trade financing market in the region, leaving a huge room for the bank to build its dominance.

Asean wins as US-China feud reshapes global supply chains, Li & Fung says

Asean nations attracted more foreign direct investment than China for the first time in a decade last year, according to a report.

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China’s Changan Automobile sets up subsidiary in Germany

Company says its first subsidiary in Europe will perform marketing and engineering research to support further expansion on the continent.

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New EVs sit at a distribution center of Changan Automobile in China’s southwestern Chongqing municipality on January 14, 2024. Photo: AFP

China’s BYD pauses Mexico factory plans until after US election

Mexico could be a key production site for BYD, along with plants it is building or already operating in Brazil, Hungary, Turkey and Thailand.

TikTok owner ByteDance’s overseas business to get boost from US$9.5 billion loan

The company’s overseas e-commerce operation, for example, is still in an ‘input phase’ to build up its ecosystem, according to analyst Li Chengdong.

Hong Kong’s launch of wCBDC sandbox takes it closer to tokenised market

Six participants, including HSBC, Standard Chartered and Bank of China (Hong Kong), showcased test cases that will be explored to boost scale and interoperability.

The HKMA has launched a wholesale central bank digital currency sandbox, which will test a new financial market infrastructure that facilitates all the stages of a tokenised asset transaction. Photo: Shutterstock

Chinese EV maker Hozon launches latest model ahead of Hong Kong IPO

The Neta S, targeting rivals like Zeekr’s 001, starts at US$22,450 and comes in extended-range variants with a range of 1,200km.

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Hozon’s Neta S will begin deliveries in September, according to the company. Photo: Weibo

Thai authorities raid illegal bitcoin mine after power outages

Thai authorities raided an illegal bitcoin mine after residents complained of frequent blackouts in the area for more than a month.

Hong Kong’s status as fundraising hub undeniable: LianLian DigiTech CEO

‘Global uncertainties have created an abnormal situation,’ but capital flow to growth areas will resume once these die down, Xin Jie says.

Bank of Thailand: Governor Sethaput ready to adjust policy to ensure stability

Governor Sethaput Suthiwartnarueput said The Bank of Thailand is ready to adjust monetary policy to ensure stability.

Former Thai Prime Minister Thaksin Shinawatra arrives to face charges of insulting the monarchy at the Criminal Court in Bangkok, Thailand, on August 19, 2024. Photo: EPA-EFE

5 Hong Kong tourists believed dead in Thailand plane crash

No survivors were found at the site where the aircraft went down with nine people on board, including two pilots.

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Rescuers work at the site of a plane crash in Thailand’s Chachoengsao province on Thursday. Photo: Chachoengsao’s Public Relations Department via AP

HKIC-backed Spark, Thailand’s Bangchak tie up for 1,000 EV charging stations

HKIC’s maiden overseas initiative will help Thailand’s green transformation with cutting-edge technologies developed by Hong Kong firms, Financial Secretary Paul Chan says.

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Mainland Chinese buying spree boosts AIA’s first-half profit 53%

Asia’s largest insurer posted its best first-half profit in five years at US$3.31 billion and beat analysts’ estimates of US$3.27 billion.

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Opinion | Can the US lure a China-friendly Thailand back into its orbit?

As Thailand’s military exerts more control over the political process, the country has increasingly seen China as an alternative partner.

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Former Thai prime minister Srettha Thavisin (centre right) visits a market in Bangkok, Thailand, on August 14, the day of his dismissal by the Thai Constitutional Court. Photo: AP

‘I will work with an open heart’: Thai king appoints Paetongtarn as new PM

Paetongtarn received the monarch’s official written command to form a government in a ceremony in Bangkok.

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Asian Angle | Will dissolution of Thailand’s Move Forward Party reignite youth-led protests?

Thailand’s youth has been subdued in the wake of a ‘rerun’ of events that previously led to the Future Forward party’s dissolution.

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The Hong Kong connection of Thailand’s new leader Paetongtarn Shinawatra

Country’s new prime minister, daughter of controversial former leader Thaksin, was married in Hong Kong and last visited in April.

New Thai Prime Minister Paetongtarn Shinawatra with her children at Hong Kong’s Ocean Park. Photo: Instagram/ @ingshin21

Thailand’s new PM Paetongtarn to remain in father Thaksin’s ‘shadow’: analysts

Thaksin will ‘hold even more sway’ over policymaking behind the scenes, with pro-China stance expected to continue, observers note.

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Pheu Thai party’s leader Paetongtarn Shinawatra after the Thai parliament confirms her as the country’s next prime minister, in Bangkok, Thailand, on Friday. Photo: Reuters

Thaksin’s daughter Paetongtarn Shinawatra to become new Thai PM

She will be the country’s second woman prime minister after her aunt Yingluck Shinawatra, and the third leader from the political clan.

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Huawei’s cloud unit sees Asia-Pacific as a vast market for AI products

The Chinese tech giant aims to push comprehensive AI solutions in the region, where it has achieved 20-fold growth in public cloud services over the past four years.

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China ties strong enough to weather Thailand’s political turmoil: analysts

The departure of another Thai prime minister is unlikely to change the economic relationship between the two countries, observers say.

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A Thai court has dismissed Srettha Thavisin as prime minister. Photo: EPA-EFE

Thailand’s Pheu Thai party chooses Paetongtarn Shinawatra as PM candidate

Thai politics has endured two decades of chronic instability marked by coups, street protests and court orders.

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Former Thai prime minister Thaksin Shinawatra greets supporters with his youngest daughter Paetongtarn. Photo: AFP

China’s stock turnover hits 4-year low as traders await stimulus

The slump in turnover mirrors subsiding interest in onshore stocks, as traders remain unimpressed by cuts to the policy loan rate and the loan prime rate following a Politburo meeting last month.

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Explainer | Srettha’s exit: are Thailand’s conservatives on the rise, democracy in retreat?

Despite challenges from other parties, Pheu Thai “will almost certainly remain in government”, an analyst says

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Bangkok
The latest news, analysis and opinion on Bangkok. In-depth analysis, industry insights and expert opinion.
Head of Government
Governor Chadchart Sittipunt
last updated:
25 September, 2024
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