Asia

29 Feb After the best run in 16 months, investors see Chinese stocks maintaining momentum on policy tailwinds

Posted at 23:30h in Asia

The best gains in Chinese stocks since the post-pandemic reopening are bolstering investors’ fragile confidence, with some money managers and analysts confident of further upside as they anticipate some policy catalysts.The CSI 300 Index tracking the biggest stocks listed in Shanghai and Shenzhen climbed 9.3...

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29 Feb Opinion | Interest rates could stay higher for longer. Australia, New Zealand show why

Posted at 21:30h in Asia

At the end of last year, investors were convinced that interest rates in the world’s leading economies would come down sharply this year. Following the US Federal Reserve’s unexpected signal last December that its monetary tightening campaign was over and that it expected borrowing costs...

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29 Feb The Greater Bay Area International Sports Business Summit Held Successfully at the Galaxy International Convention Center in Macau – Connecting the World Through Sports

Posted at 16:00h in Asia

[The content of this article has been produced by our advertising partner.]The first-ever Greater Bay Area International Sports Business Summit concluded successfully at the Galaxy International Convention Center (GICC) in Macau. The Summit is co-hosted by Realeague, Lanxiong Sports, and Macau Pass, organized by Modern...

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29 Feb Exclusive | AI takes priority at TikTok owner ByteDance, as Sora disrupts the future of video creation

Posted at 13:30h in Asia

ByteDance is “secretly” working on multiple AI products, including text-to-image and text-to-video technology, according to a report on Wednesday by Chinese media outlet Jiemian.The team responsible for video-editing app CapCut, managed by Kelly Zhang Nan – former CEO of the Douyin unit, which oversees TikTok’s...

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29 Feb Mainland China banks to offer over-the-counter interbank bond trading from May 1, PBOC says

Posted at 13:15h in Asia

Both mainland Chinese and international investors will be allowed to invest in interbank bonds through over-the-counter trades from May 1 as part of Beijing’s effort to attract investors into the country’s US$21.96 trillion bond market.“By allowing investors to use the over-the-counter channels to invest in...

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29 Feb Hong Kong must embrace green finance as both opportunity and responsibility, monetary authority CEO says

Posted at 12:30h in Asia

Supporting the transition to a more sustainable future based on a low-carbon economy is not only an opportunity for Hong Kong’s financial sector but also an important effort for the good of humanity, according to the chief of the Hong Kong Monetary Authority (HKMA).“The transition...

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29 Feb Hong Kong, Singapore, Japan regulators welcome tokenisation push, call for closer alliance with private sector

Posted at 11:30h in Asia

Regulators in three of the biggest financial markets in Asia said they welcome tokenised securities – traditional investment products like stocks, bonds and mutual funds that use distributed ledger technology- as a means to promote efficiency, disintermediation, liquidity and financial inclusion in markets. They also...

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29 Feb Alibaba’s cloud computing unit cuts prices on 100 core products in China to capture more users involved in AI development projects

Posted at 11:00h in Asia

Alibaba Group Holding’s cloud computing unit has cut prices by up to 55 per cent on more than 100 core products – the largest discount offering in the company’s history – to attract more enterprises and software developers as users in mainland China, as the...

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29 Feb Hong Kong developer New World to tap improved sentiment by bringing property launches forward after posting interim loss

Posted at 10:48h in Asia

The company unveiled the plan on Thursday after it reported that its profit attributable to shareholders arising from continued operations for the six months ending on December 31 fell 12.8 per cent to HK$502 million (US$64 million). Its shares slipped 2.1 per cent to HK$9.87...

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29 Feb TSMC promotes two veterans to share COO role as world’s largest contract chipmaker readies succession plan

Posted at 09:57h in Asia

Taiwan Semiconductor Manufacturing Company (TSMC) has promoted two senior executives to share chief operating officer responsibilities, heralding a new generation of leaders at the world’s largest contract chipmaker.The chip firm’s board on Thursday approved the appointment of Y.J. Mii and Y.P. Chyn as executive vice...

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