Asia

04 Mar Chinese tech hub Shenzhen to expedite adoption of apps built on Huawei’s HarmonyOS across various industries in 2024

Posted at 11:00h in Asia

The Shenzhen municipal government intends to boost the number of its native apps built on HarmonyOS and push for their adoption across several major sectors, according to a 2024 action plan published on Sunday by the city’s Industry and Information Technology Bureau.Under that initiative, HarmonyOS-based...

04 Mar PayCargo picks Hong Kong as first point of entry to grow logistics payment systems in Asia, counts Cathay among clients

Posted at 09:31h in Asia

PayCargo, a US logistics payment platform operator backed by private equity firm Blackstone, is making Hong Kong its “first point of entry into the Asian market,” banking on the city’s appeal as the biggest air cargo hub in the region for growth.The Florida-based firm is...

04 Mar Revolutionising marketing: from AI insights to Gen Alpha engagement at leading digital marketing industry conference

Posted at 09:00h in Asia

Highlighting the conference, Zack Kass, former head of Go To Market at OpenAI, will demystify the future of AI in digital marketing. He aims to unpack the vast potential of AI technologies, providing attendees with a roadmap to navigate its complexities and harness its power...

04 Mar Opinion | Why Asian buyers’ love of Australia’s property market endures

Posted at 08:30h in Asia

Yet Australia’s appeal to many Asian buyers endures, and by some measures it is growing. While the heyday of Chinese investors pouring huge sums of money into Australian residential property is long gone, Chinese buyers are back.In the second quarter of last year, mainland China...

04 Mar China EV price war: BYD and Xpeng up the ante as they offer heavy discounts to arrest sales slump

Posted at 07:30h in Asia

The discount war in China’s electric vehicle (EV) space is picking up pace, with leading players BYD and Xpeng slashing the prices of their bestselling models to cushion falling sales. More carmakers are expected to join the fray as they go all out to maintain...

04 Mar Thailand considers directly charging short sellers as shares slump

Posted at 06:16h in Asia

Thailand plans to extend its crackdown on illegal short selling as shares remain in the doldrums, according to the stock exchange’s chairman.Market authorities are considering changing the law so both individuals and companies can be charged for such trades, said Pichai Chunhavajira, chairman of the...

04 Mar China small-cap stocks boosted by state rescue package as 220 million individual investors gain confidence in outlook

Posted at 06:01h in Asia

Expectations about further policy loosening set off a frenzy on liquidity-sensitive small-caps, and a lull in the release of economic data has investors placing event-driven thematic investments in stocks linked to artificial intelligence (AI) and humanoid robots, according to Fu Jingtao, a strategist at Shenwan...

04 Mar Hong Kong stocks edge up as investors await market-stabilising measures at China’s ‘two sessions’, property shares cheered by sales report

Posted at 03:10h in Asia

Hong Kong stocks rose ahead of China’s annual legislative meeting where traders expect announcements to stabilise the markets and shore up the world’s second largest economy. Li Auto and BYD tumbled as the price war in the electric vehicle (EV) market intensified.The Hang Seng Index...

04 Mar China slump turns Fortescue from world-beating mining stock to big loser

Posted at 03:00h in Asia

Fortescue’s months-long stock rally suffered a big pullback in February as investors turned sour on the iron ore producer’s earnings growth and exposure to slumping metal prices amid China’s rocky economic recovery.The world’s fourth-largest iron ore miner is tipped for the greatest earnings slowdown over...

04 Mar Finance lobby group calls for bolder overhaul of GBA Wealth Management Connect scheme to boost Chinese investments

Posted at 02:30h in Asia

Regulators should take bolder steps to expand the Wealth Management Connect scheme and encourage more investments in Hong Kong products by mainland China-based investors, according to a finance lobby group.The government’s recent adjustments are “steps in the right direction”, but further relaxations are needed, as...