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Why China consumers are not splurging on LVMH, Burberry, Kering luxury goods
Waning confidence among China’s middle class consumers could further undermine sales of global luxury brands, analysts say.
17 Oct 2024 - 11:05AM
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China property
Greater Bay Area home sales surged in June after property market rescue package
24 Jul 2024 - 7:00AM
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Hong Kong property
Hong Kong property sales plunge again as high interest rates dent demand
1 Jul 2024 - 5:30PM
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Companies
Electric & new energy vehicles
Quit your price war and focus on safety, CATL boss warns China’s EV makers
Zeng is the latest business leader to criticise the cutthroat competition amid mounting worries that constant price reductions are undermining profitability, reputation and even safety in China’s EV industry.
25 Jun 2024 - 5:54PM
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Goldman Sachs forecast that if BYD were to slice another 10,300 yuan (US$1,418) off the price of each of its vehicles, the overall profitability of the country’s EV industry would turn negative in 2024. Photo: Bloomberg
China Business
Hong Kong property
Mainland retailers struggle to survive Hong Kong’s sky-high rents, competition
A tide of mainland Chinese retail brands expanding in Hong Kong appears to have ebbed, with several food and beverage chains ending their tenancies as their businesses come under pressure
25 Jun 2024 - 9:43AM
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Companies
Hong Kong economy
Beauty chain Sa Sa’s profit soars as mainlanders return to shop in Hong Kong
Hong Kong beauty products retailer Sa Sa International saw its profit jump almost fourfold in the last financial year as the number of mainland Chinese tourists returning to shop in the city continued to rise.
20 Jun 2024 - 7:39PM
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China Business
Electric & new energy vehicles
EU’s tariffs may stall, not stop, China’s EV exports, analysts say
The additional tariffs the EU plans to levy will not be severe enough to shut most Chinese-made electric vehicles (EVs) out, as the cost advantages of companies like BYD will outweigh the curbs, analysts say.
14 Jun 2024 - 1:22PM
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China Business
Electric & new energy vehicles
Overseas price wars will sow doubts over quality of Chinese EVs, Bain warns
Bain advises Chinese assemblers, which already enjoy a cost advantage, to focus on premium models when building their global image, rather than selling cheaper cars to lure budget-conscious consumers.
25 Sep 2024 - 2:51PM
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Geely electric vehicles bound for shipment to Europe at the Port of Taicang in Jiangsu Province, China. Photo: Bloomberg
Business
China property
Shimao is latest developer to see sales rise since China’s property stimulus
Shimao has become the latest Chinese home builder to report higher property sales aided by Beijing’s stimulus package aimed at reviving its crisis-hit real estate sector.
7 Jun 2024 - 8:24PM
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Business
China property
Poly Property’s sales slump as Beijing’s rescue package brings mixed results
The Chinese state-backed developer saw sales fall by almost a fifth in May, adding to a mixed picture of the impact of Beijing’s historic measures to rescue its crisis-hit real estate segment.
6 Jun 2024 - 9:47PM
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Companies
Electric & new energy vehicles
China’s Nio predicts record EV sales in second quarter as incentives lure buyers
The Shanghai-based carmaker said second-quarter deliveries could reach 54,000 to 56,000 units, up as much as 86.3 per cent from the previous quarter, which would top its previous record.
6 Jun 2024 - 9:08PM
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Business
China property
Country Garden’s home sales jump as Beijing’s rescue package boosts developers
Country Garden sold more properties in May, becoming the second major Chinese developer to see turnover improve after Beijing launched a historic rescue package to shore up its battered real estate segment.
5 Jun 2024 - 9:35PM
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The Foshan-based company that was once China’s top home builder by sales shifted 4.29 billion yuan (US$592 million) worth of properties last month, an 11.4 per cent monthly increase. Photo: Bloomberg
Business
Hong Kong property
Hong Kong property deals plunge as exuberance over scrapping of curbs fades
Hong Kong’s property sales fell by a quarter in May, the latest official data shows, as analysts said the initial exuberance over the lifting of property cooling measures had started to wear off.
4 Jun 2024 - 8:00PM
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Business
Hong Kong property
Hong Kong is Asia’s busiest ‘super-prime’ housing market: Knight Frank
With 132 transactions in the year to March, Hong Kong beat its main rival, Singapore, which recorded 88 deals in what the property consultancy referred to as the super-prime residential market.
4 Jun 2024 - 7:00AM
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Companies
Electric & new energy vehicles
China’s GAC Aion targets Hong Kong motorists with new EV models on horizon
The Chinese state-owned carmaker said it plans to intensify its push into Hong Kong’s electric vehicle market by setting itself an ambitious target of 4,000 sales in the city by the end of this year.
31 May 2024 - 7:30AM
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China Business
Electric & new energy vehicles
BYD mounts ‘big challenge’ to petrol-guzzling rivals with its new hybrid tech
The EV maker has unveiled a new version of its plug-in hybrid technology that it hopes will encourage more widespread adoption of electric cars in China, ratcheting up pressure on traditional carmakers like VW and General Motors.
29 May 2024 - 2:28PM
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The Qin L and the Seal 06 (pictured) ‘will mount a big challenge to petrol-powered cars, becoming the new benchmarks for mid-size models,’ says BYD. Photo: AP
Business
China property
Shanghai eases restrictions, offers subsidies to revive housing market
Mainland China’s commercial and financial hub will relax home purchase restrictions and grant subsidies to people buying new flats in a move designed to breathe life back into the city’s real estate sector.
27 May 2024 - 8:50PM
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China Business
Electric & new energy vehicles
China’s EV price war spreads overseas as carmakers chase higher profit margins
In Southeast Asia, Chinese EV builders from established giants like BYD and Great Wall to start-ups such as Hozon are offering discounts in a bid to take on Japanese rivals whose petrol cars dominate the market.
24 May 2024 - 8:46PM
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Business
Retailing
ParknShop imports mainland goods as Hongkongers hunt for bargains in Shenzhen
The supermarket chain is importing more products from mainland China in a bid to lure Hongkongers who have taken to travelling to Shenzhen and other mainland cities where they can shop and dine for cheaper, says chairman of CK Hutchison.
23 May 2024 - 7:31PM
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China Business
China property
Shenzhen, Wuhan latest Chinese cities to ease housing market restrictions
Shenzhen and Wuhan have become the latest Chinese cities to ease home purchase restrictions to boost sales, as a growing number of major metropolises take steps to support the country’s slumping property sector.
7 May 2024 - 11:56AM
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Shenzhen lowered the thresholds for the personal income tax and social insurance payments of non-locals seeking to buy a property in certain districts. Photo: Dickson Lee
Business
Hong Kong property
Most Hongkongers see home prices rising in curb-free market: Citibank survey
More than half of middle-income households in Hong Kong believe house prices are poised to rally now that all of the restrictions in the market have been scrapped, according to a survey by Citibank.
6 May 2024 - 5:15PM
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China Business
Electric & new energy vehicles
China’s car exports set to soar as EV makers shrug off US, European trade curbs
China’s overseas vehicle shipments are set to grow at a clip this year, bolstered by surging sales in markets like Southeast Asia and the Middle East, as the country’s heft in manufacturing electric cars goes from strength to strength.
6 May 2024 - 8:27AM
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Spending
Business of climate change
Throwaway plastics ban a boon for Hong Kong’s sustainable packaging firms
Sustainable packaging firms have seen an increase in business as the recent ban on disposable plastic takeaway containers pushes the city’s food and drink companies to opt for environmentally-friendly alternatives.
3 May 2024 - 7:30AM
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OPINION
Nicholas Spiro
The View
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Why China’s luxury market is a double-edged sword for foreign brands
16 May 2022 - 12:45PM
5
Raymond Chong
Concrete Analysis
|
Mortgage pre-approval can help land that dream UK home
18 May 2021 - 7:07PM
Justin Lau
Concrete Analysis
|
Property agents must adopt digital tools to thrive in post-Covid world
17 Nov 2020 - 7:33PM
Martin Wong Shiu-kei
Concrete Analysis
|
Do stock prices, unemployment presage a housing market crash?
3 Nov 2020 - 7:11PM
Victoria Allan
Concrete Analysis
|
Time to upgrade your flat as work-at-home becomes new norm
18 Aug 2020 - 6:45PM
Andrew Ness
Concrete Analysis
|
How the bay area plan will change Hong Kong’s property landscape
1 Oct 2019 - 7:34PM
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