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Victoria
The latest news, analysis and opinion on Victoria. In-depth analysis, industry insights and expert opinion.
Capital
Melbourne
Head of Government
Premier Jacinta Allan
An Aboriginal Australian protestor marches during the annual ‘Invasion Day’ protest through the streets in Sydney on Sunday. Photo: AFP
Australia

Australia Day protesters support Aboriginal groups, deface statues

Tens of thousands of people across the country joined protests in support of Aboriginal groups, who say the date is not one to celebrate.

Asean

Biden skips Southeast Asia summits – is it a snub or strategy shift?

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Australia

‘I regret nothing’: Australia to jail self-described Nazi for salute

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Hong Kong stock market

Hong Kong stocks fall as profit-taking halts China onshore market frenzy

Hang Seng Index slipped 1.4 per cent, adding to its 9.4 per cent plunge on Tuesday, while the CSI 300 Index of onshore stocks sank 7.1 per cent.

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A trader at a stock brokerage in Hangzhou on September 24, 2024. Photo: Getty Images
Cancer

CK Life’s Yuen banks on Big Pharma experience to boost new drug success

Lance Yuen spent two decades at Bristol Myers Squibb and Bayer in the region before becoming the CEO at CK Life Sciences last month.

Hong Kong stock market

Hong Kong stocks hit 20-month high as China frenzy continues

Stocks jumped for a sixth straight day as gains snowballed to US$3 trillion since Beijing unveiled its biggest stimulus package in this cycle.

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Electric & new energy vehicles

Chinese premium EV maker Xpeng adds Qatar to export list

Firm is one of several stepping up international expansion efforts as ferocious domestic competition continues to ravage profit margins.

Workers check an Xpeng can at a plant in Zhaoqing, in southeast China’s Guangdong province, on October 09, 2023. Photo: Xinhua
Banking & finance

Explainer | How 5 international brands are growing in China despite spending downturn

Arc’teryx, Adidas, Ralph Lauren, Sam’s Club and Yum China are all growing their China sales, but for different reasons.

Banking & finance

Lululemon leads niche apparel brands defying China’s spending downturn

‘Consumers with real spending power still have a strong demand for products that are high-end, experiential and relatively niche,’ analyst says.

Hong Kong stock market

Hang Seng Index posts biggest weekly gain in 5 months

Hong Kong stocks rose, with the city’s benchmark logging its biggest weekly gain in nearly five months, taking cues from a global rally.

Exchange Square in Hong Kong. Photo: Bloomberg
Business of climate change

China’s world-leading electric-bus maker Yutong touts new tech as exports grow

With quick-charge batteries from CATL, firm aims to extend driving range by 10 per cent while cutting operating cost by 20 per cent.

Yutong Bus showcases new versions of its electric busses at Australia’s National Bus and Coach show in Brisbane on September 17, 2024. Photo: Eric Ng
Banking & finance

Hong Kong banks trim prime rates halfway after Fed’s bold slash

For a typical HK$5 million, 30-year loan priced at prime minus 1.75 per cent, a quarter-point cut in prime rates will save mortgage borrowers HK$720 per month.

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China stock market

Chinese stocks edge up slightly; investors await Fed rate decision

Chinese stocks rebound from their lowest levels in more than five years as investors await a rate decision from the US Federal Reserve.

Hong Kong stock market

Hong Kong stocks rise, developers up on expected Fed move; Midea surges

Hong Kong stocks jumped as local developers rallied ahead of an expected Fed rate cut, while appliance maker Midea surged on its debut.

Outside Hong Kong’s stock exchange. Photo: Reuters
Hong Kong property

Exclusive | Henderson’s trophy tower to host galas, mega events in Hong Kong

The Henderson, a 36-storey office building in Central, will host some of the biggest events this year at its 6,800-sq ft rooftop ballroom.

The Henderson’s ballroom banquet is set to host gala dinners of Hong Kong’s top events. Photo: Handout
Bonds

Hong Kong, Macau to link bond markets to foster debt finance growth

The Hong Kong Monetary Authority (HKMA) will link its Central Moneymarkets Unit (CMU) to Macau Central Securities Depository and Clearing.

China economy

China’s fading hunger for grain spells trouble for world farmers

Warehouses across China are bulging with grain amid a deepening economic crisis, reducing imports and straining the world’s farmers.

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Hong Kong stock market

Hong Kong stocks climb as weak China data boosts hopes for stimulus

Hong Kong stocks reverse earlier losses as weak China data spurs hope for more stimulus from Beijing.

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A woman stood outside Hong Kong’s stock exchange. Photo: Reuters
Hong Kong stock market

Hong Kong stocks rise on speculation about China mortgage-rate cuts

Hong Kong stocks jump for a second day as mainland developers rally on speculation about mortgage-rate cuts.

Hong Kong stock market

Alibaba, WuXi lead Hong Kong stock rebound on inflows, Fed rate focus

Mainland investors were net buyers of HK$11.6 billion worth of Alibaba shares since it became an eligible component in the Stock Connect scheme this week.

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Banking & finance

HSBC tops global dividend payout list; Asia-Pacific lags behind rest of world

HSBC emerged as the world’s largest dividend payer last quarter, China Mobile led Hong Kong peers as Asia-Pacific firms trailed rest of the world.

HSBC’s logo outside a branch on Pedder Street in Central, Hong Kong. Photo: Elson Li
Hong Kong stock market

Hong Kong stocks dip to 1-month low amid slumping oil prices

Chinese oil producers Sinopec and CNOOC led the decline after prices fell more than 4 per cent overnight to an almost three-year low.

A bull sculpture sits outside Exchange Square in Hong Kong, home of the city’s bourse operator. Photo: Sun Yeung
Hong Kong stock market

Alibaba rally, China export surprise lift Hong Kong stocks

Hong Kong stocks edged up on an Alibaba rally and strong export data from China, while mainland developers tumbled.

China stock market

Hong Kong stocks slide to 3-week low as Citigroup cuts target on weak outlook

Citigroup lowered its Hang Seng Index target by 3 per cent in a note on Monday, citing weak consumption and corporate earnings outlook.

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Hong Kong stock market

China’s stocks fall on growth jitters, Typhoon Yagi disrupts Hong Kong markets

Chinese stocks dropped after the nation’s central bank hinted at easing monetary policy, underscoring worries about growth. Also, expectations built for more consolidation in the brokerage industry

An investor at a brokerage in Beijing. Photo: Reuters
Hong Kong stock market

Hong Kong stocks cap longest decline streak in month; hopes for Fed cut abound

Hong Kong stocks fell for a fourth day in a row, the longest losing streak in a month, as investors weighed the prospect of an interest-rate cut by the Federal Reserve later this month following a weak US jobs report

A man walks outside Hong Kong’s stock exchange. Photo: SCMP/Sun Yeung
Electric & new energy vehicles

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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Hong Kong stock market

Hong Kong stocks drop on weak China manufacturing, corporate results

New World Development, state-owned banks lead plunge as market slips after best monthly performance since April.

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