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Yuke Xie
Beijing
Yuke obtained her BA and MA in Film and Media Studies from Columbia University in 2019 and 2021. She joined the Post as a business reporter in 2023, following stints at various media outlets including Mergermarket and Süddeutsche Zeitung.
The infrastructure unit under Chow Tai Fook Enterprises said it will apply to list the new shares on the Hong Kong exchange.
Foshan-based developer also says revenue for first half of 2024 fell 55 per cent to 102 billion yuan (US$13.9 billion).
Elfin character loses value on speculative market, but gives investors faith in Pop Mart’s formula for monetising intellectual property.
China’s developers collectively have over 700 billion yuan worth of property bonds due this year.
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Analysts believe more firms will follow suit in an effort to ease their liquidity crises.
The stock has dropped 7 per cent this year after losing more than 50 per cent of its value last year.
The Chinese retailer has been ramping up its overseas expansion efforts in a bid to create a global network of 40,000 stores.
Parent FMG is also reportedly planning a more than US$100 million initial public offering in Hong Kong.
The industries in question include integrated circuits, biopharmaceuticals and new materials.
Around 15 per cent of the office space in the business district is currently vacant because of weak demand.
Most executives expect revenue growth next year, and hiring intentions are at a four-year high, CPA Australia report says.
At about 2.03 per cent, rental yield is still way below the benchmark home mortgage financing rate to spark investment in new homes.
Shimao faced liquidation petition from Hong Kong branch of state lender CCB over unpaid borrowings.
Sino Ocean and Shimao debt plans inch ahead in ‘positive signal’, but true recovery is still far off given structural issues, analysts say.
The divestment comes amid Sunac’s efforts to restructure about US$2 billion in onshore debt.
Stake in New World Sports Development, the developer of Kai Tak Sports Park, sold to Chow Tai Fook Enterprises for US$53.5 million.
Hong Kong Metropolitan University makes its second purchase in six months in this year’s biggest commercial deal.
Only 55 per cent of employers expect to give pay increases ranging from 1 to 5 per cent, a Robert Walters survey shows.
Sales of top dairy firms like China Mengniu and Inner Mongolia Yili fell between 9 and 13 per cent in the first half, S&P said.
Fraser said the Wall Street bank will ‘further its participation in the market to help promote US-China economic ties and trade’.
Starbucks is ‘working to find the best path to growth, which includes exploring strategic partnerships’, according to a statement.
Former HKMA head Norman Chan says capital circulation is not as seamless as it used to be.
Diverting investments from China to neighbouring economies as a hedge against tariffs and geopolitical risks will boost Asia’s growth, HSBC’s Elhedery says.
Chinese officials, speaking in Hong Kong, say they support the city as the bridge between the mainland and the rest of the world.
Survey shows 70 per cent of Hongkongers believe Trump will be better for global economy than opponent Harris.
‘Pretty sizeable’ reductions would ease burdens on buyers and sellers, accelerating listings and sales, analyst says.
A release of pent-up demand driven by rate cuts has given developers a much-needed sales boost.
Unexpected prime-rate cut by local lenders seen bringing more buyers into market, shoring up prices.
Bond financing in the property sector rose for the second month in October, rising 3.2 per cent from last year to 29 billion yuan, according to the China Index Academy.
While China’s September stimulus blitz has restored US$4 trillion of value to stock markets, the wealth effect in the property sector is less obvious and immediate.
