A wave of mergers and acquisitions is about to transform China’s brokerage industry as Beijing presses ahead with its ambition to become a financial powerhouse by 2050.
State-owned company plans to be first to use Gotion High-Tech’s solid-state batteries when they start mass production, chairman Yin Tongyue says.
TikTok, the short video platform originally popular for its 15-second lip-synching content, is now testing 60-minute video uploads with certain creators, in a challenge to veteran online video giant YouTube.
The ‘general data’ list, covering 64 categories, will enable certain firms to make data transfers overseas without a security assessment.
BYD Electronic, which makes electronic devices such as smartphones for brands including Huawei, will add HK$76.15 billion (US$9.8 billion) in market capitalisation to the benchmark.
Roll-out provides a safe, convenient means of payment for Hongkongers spending in mainland China and mainland users in Hong Kong, HKMA says.
An analysis from TechInsights has found 33 China-sourced components in the standard Pura 70 handset, compared with five sourced from overseas.
German industrial engineering firms reported a negative outlook for their China business in a recent survey, with weak demand and overcapacity most frequently mentioned as the cause for their low confidence.
The mainland’s e-commerce sector achieved a 12 per cent overall growth in the March quarter, according to data from JPMorgan.
Code will be ‘vital in fostering greater transparency, quality and reliability of ESG information, as well as comparability of products’, says SFC head Julia Leung.
Xpeng has officially announced its entry into Hong Kong, pricing the G6 SUV and X9 MPV from HK$299,000 (US$38,450) and HK$500,000, respectively.
Another set of weak housing market data for April underscores the urgency among officials in Beijing to stem the crisis and rescue some of the nation’s biggest yet cash-strapped developers.
Hong Kong should learn from China’s experience and adopt Europe’s stringent definition of green hydrogen while formulating a strategy on the clean-burning fuel, according to Civic Exchange.
Hong Kong stocks were lifted by signs corporate earnings may have bottomed out, and after Beijing delivered a batch of property support measures.
A High Court in Hong Kong has adjourned the hearing on a winding-up petition against Country Garden to June 11, giving the developer more time to reorganise its finances as Beijing steps up efforts to revive the housing market.
Chinese local government entities have carried the mantle of cornerstone investors in first-time stock offerings in Hong Kong in the past two years as foreign investors shun deals. Their outsize role could work against the city’s capital market, market experts say.
CSRC’s new chief Wu Qing has sought to improve corporate governance and close deep valuation discounts in a bid to revive investors’ faith in China’s US$9 trillion stock market and these bold moves have met with some early success.
Alibaba scales back an ambitious business overhaul plan and bids farewell to a turbulent year, as its founders call on employees to embrace changes.
Even in the absence of the buying restrictions, a healthy supply and elevated interest rates mean the city’s infamously expensive house prices are unlikely to return to the kind of breakneck growth seen in the past, analysts say.