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19 Feb Chinese smartphone vendors from Meizu to Oppo step up AI integration in their devices amid expected industry recovery in 2024

Posted at 09:30h in Asia

“Meizu will build an ecosystem to fully open its AI devices to leading global LLM providers, including OpenAI, to jointly promote AI innovation and development,” the company said.An Oppo internal letter released on February 18, 2024, said the impact of artificial intelligence on its industry...

19 Feb The Greater Bay Area at 5

Posted at 09:14h in Asia

NewSCMP Hong Kong SeriesThe Greater Bay Area at 5February 18 marks five years since Beijing unveiled its blueprint to turn the Greater Bay Area into a hi-tech powerhouse by 2035. The region of more than 86 million people covers Hong Kong, Macau and nine Guangdong...

19 Feb HSBC completes latest round of US$7 billion stock buy-back as market awaits report on bumper 2023 profits

Posted at 07:35h in Asia

HSBC Holdings, the biggest commercial bank in Hong Kong, has completed a third round of buy-back to defend the stock amid a broader market sell-off, taking the cumulative purchases to US$7 billion since May 2023 as the lender prepares to report a jump in 2023...

19 Feb China’s climate goals: growing energy consumption, slow progress on decarbonisation pose challenges, says NEA director

Posted at 06:08h in Asia

China’s growing energy consumption, faltering progress on decarbonisation, and limitations on new energy capacity installation pose major challenges for the world’s largest greenhouse gas emitter’s climate goals, according to the head of the National Energy Administration (NEA).The country’s energy transition faces difficulties including greater-than-expected...

19 Feb Hong Kong stocks drop, halting Year of Dragon rally, on China policy rate decision, Hang Seng Index letdown

Posted at 02:59h in Asia

Hong Kong stocks declined after China’s central bank refrained from cutting its key rates in a move to protect the local currency, sending a conflicting signal about its readiness to revive the economy. Stocks on mainland bourses reopened higher to catch up with roubst...

19 Feb Green finance: Hong Kong’s expertise can help Asia’s emerging markets fill climate funding gap, IFC regional head says

Posted at 01:30h in Asia

‘Hong Kong has three strengths that are indispensable for fostering climate financing: technical, legal and financial knowledge,’ says Riccardo Puliti, IFC regional vice-president. Source link ...

19 Feb GBA@5: HSBC, Bank of East Asia among Hong Kong lenders cranking up Qianhai presence with eye on growth opportunities

Posted at 00:30h in Asia

“HSBC has been actively participating in Qianhai’s financial pilot schemes since the beginning, and we were one of the first banks to participate in yuan cross-border lending and the Wealth Management Connect scheme,” Chan told the Post. The scheme, tailor-made for the bay area, allows...

18 Feb Philippines’ penchant for online shopping to lift Manila’s logistics property rents by up to 5% this year: Knight Frank

Posted at 23:30h in Asia

The Australian cities of Sydney and Brisbane rounded off the top three cities in Asia-Pacific, with year-on-year rents for industrial space gaining 16.7 per cent and 15.3 per cent, respectively, in 2023, according to the study, which tracked 17 cities in the region.Buildings in Makati...

18 Feb Pacific Century Group downplays FWD stake sale, says IPO will come at ‘opportune time’

Posted at 14:17h in Asia

FWD Group Holdings, a Hong Kong-based insurance business controlled by billionaire Richard Li Tzar-kai, said Li would maintain his control of the company amid speculation it was considering a potential stake sale worth over US$10 billion after a delayed initial public offering (IPO).FWD’s parent company...

18 Feb Opinion | Climate change is pushing us towards an uninsurable world

Posted at 11:30h in Asia

Over the Christmas break, the unthinkable happened in my little Sai Kung village: a fire broke out in a neighbour’s kitchen and, by the time fire engines arrived in force, the home was gutted. Two months later, reconstruction continues, and it may be another month...

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