Hong Kong stocks make a tentative recovery after data that showed China’s industrial profits resumed growth in April.
Dubai is shaping up to be a new favourite for buyers, thanks to a booming real estate market and fast-track residency scheme, agents say. It handed out 158,000 ‘golden visas’, dwarfing the 13,000 that Portugal has issued since 2012.
The largest US semiconductor equipment maker is being probed by authorities for sending gear to SMIC via South Korea without Washington’s approval.
The latest government measures are merely ‘a drop in the ocean’, and rebuilding homebuyers’ confidence in the presale system is a precondition for any revival, analysts say.
In Southeast Asia, Chinese EV builders from established giants like BYD and Great Wall to start-ups such as Hozon are offering discounts in a bid to take on Japanese rivals whose petrol cars dominate the market.
The lay-offs, which were announced internally earlier this week, are expected to affect TikTok’s operations and marketing departments.
The expansion has been driven by a stellar run in the bond market and a stabilisation in stocks, as investors shift to fund products.
Nvidia’s H20 chip is being sold in some cases at more than a 10 per cent discount in China, compared to Huawei’s Ascend 910B, sources said.
The Chinese tech giant is selling up to US$5 billion worth of convertible bonds, while company leaders set e-commerce and cloud computing as its core businesses in a move ‘towards strategic clarity’.
Hong Kong stocks fell for a fourth straight day and capped their biggest weekly loss since January, with a lack of positive earnings surprises and waning rate cut hopes adding to the gloom.
A stock market rally in Hong Kong has helped raise valuations and improve sentiment among investors, feeding a recovery in fundraising activities in the city and on bourses in mainland China, JPMorgan says.
New Frontier, chaired by Hong Kong’s former financial secretary, said it has completed the acquisition of the Hong Kong Integrated Oncology Centre as part of its expansion in the healthcare industry of the bay area.
China’s securities regulators and stock exchange officials met with global fund managers in Europe in the first overseas roadshow, after delivering a major stimulus to rescue the nation’s property market.
Chinese venture capital firms are looking for opportunities in South and Southeast Asia as geopolitical tensions between China and the US dim prospects in the west, according to some big funds.
SMIC accounted for 6 per cent of global chip foundry sales in the first quarter, behind industry leader TSMC’s 62 per cent share and Samsung’s 13 per cent share.
The Chinese smartphone and electric vehicle (EV) maker Xiaomi grew its first-quarter revenue by a better-than-expected 27 per cent year on year, as handset shipments recovered globally.
The supermarket chain is importing more products from mainland China in a bid to lure Hongkongers who have taken to travelling to Shenzhen and other mainland cities where they can shop and dine for cheaper, says chairman of CK Hutchison.
High dividend stocks may extend their outperformance, driven by haven-seeking investors in an uncertain economic environment, analysts say.
Zhang Jindong’s business empire was supposed to become the ‘Walmart plus Amazon’ of China. Instead, a soured bet on Italian football club Inter Milan has wiped out his billion-dollar fortune.
Evergrande NEV said local governments want to terminate investment cooperation contracts signed in April 2019 and are demanding repayment of subsidies.
Hong Kong stocks fall to two-week low as correction deepened after hawkish comments from US Federal Reserve officials.