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Cao Li
Senior Correspondent, Business
Cao Li has been working as a journalist focusing on China for two decades, covering a wide range of topics from politics, society and business. She previously worked at the Wall Street Journal and the New York Times in Beijing and Hong Kong.
Starting this year, 30 per cent of the annual insurance premium from new policies will be put into yuan-denominated A shares, regulator Wu Qing said.
Gross floor area to fall 10 per cent while average selling price seen weakening 5 per cent in 2025, Fitch forecasts.
Investments from the National Social Security Fund, mutual funds and other sources will be increased to boost the stock market, regulators say.
Stock jumps as much as 30 per cent in Hong Kong after a nine-month trading suspension.
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The move is seen by some participants as an effort to boost investor confidence in times of uncertainty.
Earlier this month, developer released its first proposal to restructure as much as US$11.6 billion in liabilities.
Smaller banks face more asset quality deterioration in coming years, on top of earnings pressure, Fitch Ratings director says.
Hong Kong has shortcomings in market regulation, transaction costs and corporate governance, liaison office deputy Qi Bin tells Capital Markets Forum.
Current geopolitical environment is the most unfriendly ever, Alibaba co-founder and chairman says.
Office in Riyadh and plans for metal warehouse underscore HKEX’s role, Vanessa Lau says at Asian Financial Forum.
Hong Kong has an ageing population, a low birth rate and many retirees are financially unprepared for the future, experts say.
New incentives will enhance Hong Kong’s role as an offshore yuan hub as well as deepen the city’s bond market with more institutional players.
Government spending and demand-side measures have more impact on equity returns than monetary easing, US investment bank says.
LXJ operates 1,404 restaurants across 53 mainland cities, serving meals costing about 20 yuan (US$2.73) on average.
More government-led deals are likely to emerge in 2025 following the megamerger of Guotai Junan Securities and Haitong Securities.
The fund size is expected to reach HK$600 million (US$77.3 million) and allocated evenly for investment.
Call it old money fashion or quiet luxury style, minimalist design and simplicity stay timeless for Chinese consumers.
Hong Kong residents are flocking to the Greater Bay Area for shopping, hot springs and more, attracted by cheaper prices and new experiences.
In November, new home prices in China’s four top-tier cities were unchanged from a month earlier, following 13 months of declines.
Cyberspace Administration of China says it has taken action against a number of accounts on social media platforms.
Too early to conclude China’s real estate sector has bottomed out, Nomura’s chief China economist Lu Ting says.
Restrictive marketing rules and stringent eligibility requirements will continue to deter wealthy Chinese from the scheme, analysts say.
At Qianhai Forum on Greater Bay Area cooperation, policy expert suggests Hong Kong firms should establish dual headquarters in Shenzhen.
In Hong Kong, the billionaire tally rose to 74 from 68.
The cash injection will be sufficient to stimulate consumer spending and stock market, HSBC Asset analyst says.
It has been almost three years since China Evergrande, once the largest real estate developer in China, defaulted on its debts.
Amid geopolitical tensions, city can help mainland firms that are struggling to raise funds abroad, financial secretary says.
The Capital Investment Entrant Scheme, launched in March, has brought in more than HK$20 billion from 670 applications, Paul Chan says.
Starbucks is ‘working to find the best path to growth, which includes exploring strategic partnerships’, according to a statement.
With venture capital transactions by American investors at the lowest level in nearly four years, investors need reassurance, Solomon says.
