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Western Australia

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

Biden’s absence does not necessarily indicate weaker US interest in Southeast Asia but rather a shift in engagement strategy, analysts say.

12 Oct 2024 - 1:52PMvideocam

Australia

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

9 Oct 2024 - 9:21PMvideocam

Hong Kong stock market

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

9 Oct 2024 - 4:49PMvideocam

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.

3 Oct 2024 - 3:56PM

Pedestrians walk past a stock ticker outside the Exchange Square in Central. Photo: EPA-EFE

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.

25 Sep 2024 - 2:28PM

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.

20 Sep 2024 - 4:30PM

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.

19 Sep 2024 - 3:00PM

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.

27 Oct 2024 - 8:55AM

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.

18 Sep 2024 - 3:18PM

International Property

Student housing, serviced apartments are in as logistics assets lose shine: CBRE

Potential rate cuts could drive more money into the underinvested living sector in Asia-Pacific, CBRE says.

17 Sep 2024 - 12:01PM

Residential properties in Tai Koo and Kornhill in Hong Kong. Photo: Martin Chan

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.

17 Sep 2024 - 4:40PM

Outside Hong Kong’s stock exchange. Photo: Reuters

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.

16 Sep 2024 - 6:39PM

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.

16 Sep 2024 - 1:29PM

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.

16 Sep 2024 - 5:13PM

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.

13 Sep 2024 - 4:41PM

Exchange Square in Central. Photo: Bloomberg

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.

12 Sep 2024 - 5:00PMvideocam

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.

12 Sep 2024 - 10:36AM

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.

11 Sep 2024 - 4:26PM

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.

10 Sep 2024 - 4:43PM

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.

9 Sep 2024 - 4:47PMvideocam

Hong Kong property

Chinachem’s Nina Hospitality aims to move up market, eyes overseas expansion

Nina’s managing director said it is looking at expanding on the mainland and overseas, while becoming an upscale hotel group in Hong Kong.

8 Sep 2024 - 5:00PM

Nina Hotel Tsuen Wan West pictured on April 21, 2021. Photo: Winson Wong

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

6 Sep 2024 - 3:42PM

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

5 Sep 2024 - 4:39PM

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.

4 Sep 2024 - 2:53PMvideocam

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.

2 Sep 2024 - 12:18PM

An employee produces electronic components at a factory in Nantong, in eastern China’s Jiangsu province, on August 6, 2024. Photo: AFP

Hong Kong

Chow Tai Fook Enterprises appoints 3 co-CEOs to lead growth

Christopher Cheng, one of the three newly named co-CEOs, is a son of the Cheng family patriarch and billionaire Henry Cheng Kar-shun.

30 Aug 2024 - 9:25PM

CTFE is part of the group of companies founded under the Chow Tai Fook name in 1929. Photo: Shutterstock

Hong Kong stock market

Hong Kong stocks complete best month since May as EV makers rally

Gains in Chinese EV makers like Li Auto, Xpeng and Nio helped lift the Hang Seng Index to its highest close in seven weeks. Rate-cut optimism also aided risk appetite.

30 Aug 2024 - 4:55PM

Salaries

Hongkongers are in for a letdown in 2025 as big pay raises fade amid slump: study

The average worker can expect a pay hike of 4 per cent next year, while data science and business intelligence professionals could see a raise of up to 8.3 per cent, WTW study says.

29 Aug 2024 - 5:49PMvideocam

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Western Australia

The latest news, analysis and opinion on Western Australia. In-depth analysis, industry insights and expert opinion.

Capital

Perth

Head of Government

Premier Roger Cook

last updated:

27 September, 2024