Asia

01 Jan Opinion | China to steer a steady economy amid structural and geopolitical challenges

Posted at 08:30h in Asia

Fiscal policies will support innovation in particular, with incentives like additional deductions for research and development, tax reductions for key industries, and personal tax benefits for the conversion of scientific and technological achievements. Advanced manufacturing will benefit from investment-linked tax incentives, which include value-added tax...

01 Jan US overtakes China as South Korea’s top export market for the first time in 2 decades in December

Posted at 07:34h in Asia

South Korean exports to the US exceeded shipments to China for the first time in two decades last month, in a sign of shifting ties amid global tensions over economic security and tech supply chains.South Korea sold US$11.3 billion in goods to the US in...

01 Jan Saudi Arabia’s Public Investment Fund outpaces Singapore’s GIC with US$31.6 billion splurge in 2023

Posted at 06:35h in Asia

Saudi Arabia’s Public Investment Fund (PIF) emerged as the world’s most active sovereign investor last year, boosting its deal activity even as most global peers including GIC and Temasek Holdings slashed spending.PIF deployed US$31.6 billion in 2023, according to research consultancy Global SWF. That was...

01 Jan Hong Kong listing reforms for SPACs, pre-revenue tech companies, foiled by high threshold, interest-rate cycle, experts say

Posted at 06:00h in Asia

HKEX’s performance in 2023 was even worse, with no SPACs listings taking place.Commercial buildings stand on Hong Kong Island. Photo: Yik Yeung-manIn Hong Kong, a SPAC needs to raise at least HK$1 billion (US$128 million) from professional investors and must announce an acquisition within 24...

01 Jan Israel’s P-Cure looks to expand Chinese cancer patients’ access to low-cost proton therapy after approval of new tech

Posted at 05:00h in Asia

Israeli medical technology company P-Cure is looking to secure a strong foothold in China with its ultra-compact proton therapy system, which could help it tap into Beijing’s efforts to make advanced medical treatment affordable to mainland patients.The company, through its Chinese subsidiary SIHA, has...

01 Jan CEOs at top Hong Kong builders, landlords share optimism on outlook, see sustainability as key issue amid market stress

Posted at 03:30h in Asia

The CEOs of major landlords and developers in Hong Kong have made building on the normalisation that began last year a top priority for 2024, with a focus on strengthening balance sheets, evolving tenant portfolios and exploring new business opportunities.These priorities also come with an...

01 Jan Hong Kong CEOs plan to tap wealth management, ESG opportunities in Greater Bay Area in 2024, survey finds

Posted at 02:00h in Asia

For New York-based investment bank Citi, Hong Kong and the rest of the bay area will be a key area of focus, according to Aveline San, CEO for Hong Kong and Macau.“Citi’s global network is increasingly relevant to the fast-growing mid-size companies in the Greater...

01 Jan Mini series have sparked a new gold rush in China’s short video scene but tacky plot lines risk regulator ire

Posted at 01:00h in Asia

The mini TV series is part of a gold rush for online video producers in China, where a new trend of binge watching very short shows from mobile devices has emerged. However, the sector has been subject to increased regulatory scrutiny, with the National Radio...

31 Dec Opinion | Climate action: how China is accelerating the drive towards a net zero world

Posted at 11:30h in Asia

Besides ecological concerns, it is in China’s national security interests to minimise its dependence on fossil fuel imports, and therefore be less vulnerable to choke points such as the Persian Gulf (vulnerable to Middle Eastern conflicts) and the Malacca Strait (controlled by the US...

31 Dec Tesla aims to broaden appeal in wary mass market after probable record EV sales in 2023

Posted at 11:08h in Asia

“When you look at car buying in general, we’re trying to get to the next set of EV adopters,” chief financial officer Vaibhav Taneja said during an investor call in October.The Musk-led company faces a number of hurdles to reach that crowd: Inflation and high...