Asia

‘Deeply sorry’: China hedge fund apologises after trading ban for ‘market disruption’ in first punishment since Beijing’s vow to stem stock rout

21 Feb ‘Deeply sorry’: China hedge fund apologises after trading ban for ‘market disruption’ in first punishment since Beijing’s vow to stem stock rout

Posted at 08:29h in Asia

An award-winning Chinese quant hedge fund has apologised to markt authorities and investors, after being punished with a trading ban for dumping stocks on local bourses, the first known case since the nation’s market regulator took aim at trading activities that have perpetuated a three-year...

21 Feb Netflix, Amazon could face tariffs on digital trade as Indonesia, India look to end tax moratorium

Posted at 07:54h in Asia

The tariff ban has helped fuel the fastest-growing segment of world trade: digital goods and services. They’re key to the success not just of tech companies like Amazon.com and Netflix but also the growing number of traditional firms that collect data and conduct e-commerce in...

21 Feb Electric vehicles: Chinese robot chargers start-up GGSN eyes investors, international expansion via new Hong Kong facilities

Posted at 06:08h in Asia

Deng is one of the key contributors to the drafting of China’s industry standards for EV battery charging.“We pay a lot of attention to the Hong Kong market, which can be a platform for developing overseas markets,” he said in an interview. 02:05Chinese smart-battery swap stations...

21 Feb How Michelin-starred chef Vicky Lau’s ‘edible stories’ provide a glimpse of her initial career path

Posted at 05:00h in Asia

Asked the question of how she would spend HK$8 million (about US$1 million), chef Vicky Lau says she would invest in a passion project: developing new innovations in food technology, particularly around sustainable farming.“Sustainability has become a very big topic in the culinary world,” Lau...

21 Feb HSBC reports 56% profit jump in 2023 amid missing estimates, unveils US$2-billion new share buy-back programme

Posted at 04:29h in Asia

HSBC, the biggest of Hong Kong’s three currency-issuing banks, missed annual profit estimates as the impact of a higher interest margin was offset by bad-debt provisions related to mainland China’s real estate sector amid charges associated with its hedging strategy.Net profit rose 56 per cent...

21 Feb Hong Kong stocks rise to 7-week high on property market speculation as China pledges regulatory predictability

Posted at 03:05h in Asia

Hong Kong stocks gained as property developers advanced on speculation the city’s government will remove more curbs this month to stem an industry slump, while HSBC jumped before its earnings report. China pledged to improve policy transparency while state-run funds have stepped up intervention.The Hang...

21 Feb Hong Kong’s game-changing New Capital Investment Entrant Scheme

Posted at 02:59h in Asia

[The content of this article has been produced by our advertising partner.]Hong Kong is witnessing a remarkable surge in the growth of family businesses, particularly from the Asia-Pacific region. According to global real estate consultants Knight Frank, the number of ultra-high-net-worth (UHNW) individuals in the...

21 Feb Apple operating chief Jeff Williams makes rare Taiwan visit to attend gala of iPhone maker Foxconn

Posted at 02:53h in Asia

Apple’s chief operating officer Jeff Williams is on a rare visit to Taiwan to celebrate the 50th anniversary of Foxconn, the company that helped build the iPhone empire by assembling those devices to exacting standards in factories across China.In Taipei on Tuesday night, Williams was...

21 Feb Fight for talent: Hong Kong’s banker salaries top Singapore peers by up to 46 per cent

Posted at 01:51h in Asia

Finance and technology professionals are generally better paid in Hong Kong than in Singapore, with investment-banking analysts earning 46 per cent more than in the Southeast Asian city-state, according to a report from Bloomberg Intelligence.Analysts make an average of US$92,149 a year in Hong Kong,...

20 Feb China’s ‘national team’ seen stepping up stock market intervention after a sudden surge in assets at top exchange-traded funds

Posted at 23:30h in Asia

China’s state-run funds have been supporting domestic stock prices at a faster clip this year in their market intervention since late June, after a notable surge in the assets of major exchange-traded funds (ETFs) that track benchmark stock indices, according to fund data and market...