Hong Kong stocks dropped to a two-week low as concerns about the strength of China’s growth persisted and optimism about an imminent cut in US interest rates faded.The Hang Seng Index fell 1.1 per cent to 16,595.60 as of 11.18am local time, heading for...
The asset manager’s interest in Hong Kong comes as the city pursues parallel goals of becoming a hub for both green finance and family offices, the corporations set up by wealthy families to manage investments, succession and philanthropy.Jonathan Green (left), investment director, and...
Property transactions in Hong Kong descended to the lowest level in 33 years in 2023 as sentiment among potential homebuyers was submerged under a deluge of poor economic news and high interest rates, although December’s sales figures showed some rebound.A total of 58,023 properties changed...
Some of China’s best performing stocks in 2023 were among top companies shunned by foreign investors because of sanctions imposed by the US government. Buying them may prove to be profitable again for unencumbered onshore funds in an election year in the US.China’s biggest...
A key Chinese official involved in oversight of the country’s video gaming industry has stepped down after proposed regulation last month wiped out billions of dollars of value from Chinese gaming stocks, according to people familiar with the situation.Feng Shixin, a long-serving official, has left...
Under US pressure, ASML already restricts Chinese clients from buying its more advanced extreme ultraviolet (EUV) lithography systems, which are used to produce the world’s most cutting-edge chips. ASML has a near monopoly on the machines.China’s Ministry of Foreign Affairs spokesperson, Wang Wenbin, gestures during...
BYD, already the world’s largest producer of electric vehicles (EVs) – a category that includes plug-in hybrid cars – is poised to gain more bragging rights as global deliveries of its “pure”, battery-powered EVs are expected to have surpassed Tesla’s in the fourth...
This move was “not totally unexpected, given investors have been waiting for more details in past years”, Jefferies equity analysts Thomas Chong and Zoey Zong said in a research note on Monday, following Baidu’s announcement. They indicated that China’s internet sector “has been undergoing changes”,...
Hong Kong’s home prices will drop another 10 per cent in 2024 as a looming supply glut and high interest rates continue to suppress investment sentiment even though the local stock market may rebound by midyear, according to Citigroup.The US Federal Reserve will start cutting...
Hong Kong’s initial public offering (IPO) market will gradually stabilise this year notwithstanding the geopolitical tensions and economic uncertainties globally, aided by listing reforms and potential interest rate cuts in the second quarter, according to PwC.Hong Kong’s capital market will benefit from a drop...