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Money
China Business
Shanghai drives flying-car development for sightseeing, logistics, surveillance
Low-altitude economy refers to businesses operating aerial vehicles below 3,000 metres.
8 Nov 2024 - 8:30AM
Hong Kong’s base interest rate drops to 5% in second cut
8 Nov 2024 - 11:06AM
Trump’s return is not all bad news for Chinese stock investors: analysts
7 Nov 2024 - 5:38PM
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China Business
EU tariffs will not stop Chinese EVs from entering bloc: officials at CIIE
China EV makers believe their advantages in production and price will make their products competitive abroad.
7 Nov 2024 - 8:00AM
A Ford Bronco pickup at the CIIE in Shanghai. Photo: Daniel Ren
Business
China’s developers borrow more to satiate their thirst for funding
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.
6 Nov 2024 - 2:06PM
Blockchain
Bitcoin hits record price after Trump takes early lead in US election
The original cryptocurrency jumped past US$75,000 on Tuesday night in the US, topping a record set in March.
6 Nov 2024 - 12:01PM
China Business
‘Haersi’ soars as Chinese traders punt on meme stocks in US election
A vacuum-flask maker rises and falls with polls favouring Harris, while an aviation software company gets a Trump bump.
5 Nov 2024 - 7:55PM
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China Business
StarCharge joins Schneider to tackle Europe’s EV charging market amid tariff war
New venture suggests Chinese players are unperturbed by stiffer tariffs in their quest for global market share.
5 Nov 2024 - 11:24AM
StarCharge is aiming to generate half of its gross profits from overseas markets. Photo: StarCharge
Banking & Finance
ETFs are the hottest new products in Hong Kong’s roller-coaster rally
Net fund flows have surged 48 per cent year on year, with an ETF tracking the Hang Seng Index surpassing Tencent in daily volume.
5 Nov 2024 - 4:35PM
Banking & Finance
Hong Kong’s financial war chest posts record gain of US$28.8 billion
Lawmakers asked whether the fund could give more to address the government’s deficit, but HKMA’s CEO urged sticking with an existing formula.
4 Nov 2024 - 5:36PM
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China Business
Hong Kong homebuyers give the cold shoulder to New World-led Pavilia Forest II
Pavilia Forest II recorded only one sale as of 5pm on Saturday, while Double Coast I found buyers for 20 units out of 58 flats on offer.
2 Nov 2024 - 9:28PM
China Business
China declares worst is over for housing market. Others see more misery
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.
2 Nov 2024 - 10:02AM
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Illustration: Henry Wong
China Business
China eases requirements on foreign investments in listed companies
New rule aims to draw foreign funds into yuan-denominated A shares by slashing capital requirements and reducing the lock-up period.
1 Nov 2024 - 11:44PM
China Business
China’s stocks see ever-slimmer profits as economic slump hits hard
The profits of 5,000 companies on the mainland’s three exchanges dropped 3.7 per cent in the three months that ended in September, China Merchants Securities said.
1 Nov 2024 - 8:01PM
China Business
China’s biggest EV tariff victims toe the line on Europe’s levies
The two denials followed Monday’s statement by the Ministry of Commerce that a state-backed guild was solely authorised to engage with the EU in tariff talks.
1 Nov 2024 - 1:44PM
Blockchain
Chainlink makes a case for blockchain-driven finance at SmartCon in Hong Kong
As Chainlink touts its technology that has brought blockchain transfers to the Swift network, geopolitical scrutiny is growing in the space.
1 Nov 2024 - 12:44PM
Chainlink’s booth seen on the first day of its SmartCon event at Kerry Hotel in Hung Hom on Wednesday. Photo: Matt Haldane
Banking & Finance
‘Not just talk’: Hong Kong secures billions in funds, deals at FII in Riyadh
The highlight of the week was the US$1 billion accord announced on the final day of the 2024 FII summit by the Saudi sovereign wealth fund and the HKMA.
1 Nov 2024 - 6:42PM
Banking & Finance
FII 2024: Hong Kong, Saudi Arabia to anchor US$1 billion investment fund
In addition, Hong Kong and Saudi market regulators announce a partnership to spur cross-border listings and training.
31 Oct 2024 - 9:37PM
China Business
Beijing to China EV makers: avoid investing in tariff-backing EU countries
Ministry of Commerce warned carmakers about the risks of setting up factories in countries like France and Italy.
31 Oct 2024 - 4:08PM
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Markets
Saudi Arabia’s first ETF tracking Hong Kong stocks opens flat on Tadawul debut
Albilad ETF, which tracks 30 Hong Kong-listed sharia-compliant stocks, opened flat at the opening bell.
30 Oct 2024 - 9:20PM
The listing ceremony of first ETF tracking Hong Kong stocks at the Saudi Stock Exchange on Wednesday. Photo: Enoch Yiu
Blockchain
Circle CEO envisions stablecoins playing greater role in trade settlements
Jeremy Allaire envisions a ‘global network of stablecoins’ enabling ‘better, faster, cheaper’ transactions for emerging markets trading through Hong Kong.
30 Oct 2024 - 10:14AM
China Business
Hurun Rich List: China’s wealthiest lose money due to economy and market slides
The collective wealth of China’s wealthiest people slumped 10 per cent from a year earlier to US$2.97 trillion.
29 Oct 2024 - 5:47PM
Banking & Finance
HSBC results beat forecasts; bank dismisses rumours about unit spin-offs
Net profit rose 9 per cent to US$6.13 billion in the quarter that ended on September 30, exceeding market forecasts.
29 Oct 2024 - 6:07PM
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OPINION
Weijian Shan
Opinion
|
Why it’s time Hong Kong joined China’s currency zone
17 Sep 2024 - 5:35PM
4
Jeffrey Wu
Opinion
|
How Hong Kong’s battered stock exchange can earn its reputation back
25 Aug 2024 - 10:47AM
4
Andrew Sheng
Opinion
|
How America’s national debt has become the world’s liability
26 Jul 2024 - 4:30PM
6
James David Spellman
Opinion
|
Why central banks must quickly but conscientiously reckon with AI
2 Jul 2024 - 4:30PM
Anthony Rowley
Macroscope
|
ESG investing: a waste of climate finance?
15 Jun 2024 - 4:30PM
5
Zhou Xin
Opinion
|
China still has lessons to learn in internationalising the yuan
11 Apr 2023 - 7:00AM
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