The 2GW pilot project is coming up near its nuclear plant in Jiangsu province. The US$1.4 billion project will include a 0.4GW energy-storage facility and cover an area larger than Hong Kong’s Tseung Kwan O district.
Hong Kong-traded shares of Chinese dual-listed companies are at their smallest discounts to their counterparts on the mainland in 15 months as global investors pile in after Beijing launches measures to rescue the crisis-hit property sector.
Earlier this year, Dimon, 68, moved some of his top lieutenants into new senior roles, positioning them for more experience running the bank’s operations as he prepares potential successors.
The computers, which run chips from Qualcomm, are 58 per cent faster than Apple’s top-of-the-line MacBook Air M3, according to Microsoft.
The city has contributed to the GBA’s academic research and development in fields of strategic importance such as biomedicine, artificial intelligence and quantum computing.
Hamdan Azhar said asset manager fired him after he objected to a colleague’s self-dealing, and was forced to shut down search engine that monitored client discussions on illegal investments, including in China.
By allowing local governments and state-owned enterprises to buy unsold land and housing from distressed developers, China is betting a property slump weighing down the economy can be stopped once and for all.
Tesla’s closest rival in China’s EV market reported a major setback in the first quarter, after earnings and deliveries slumped from the preceding three months. Margins eroded amid price discounting.
Consumer and entrepreneur confidence should ‘continue to pick up from this point’ as Beijing’s efforts strengthen the capital markets and enhance Hong Kong’s connector role, say speakers at the Greater China Private Equity Summit.
Hong Kong stocks at 10-month highs after China’s property support measures cheer investors.
The financial services secretary, Christopher Hui Ching-yu, has denied media reports that a major stock market reform that would see trading continue as normal during typhoons and torrential rains has been postponed.
China’s leading EV makers are taking longer to settle payments with suppliers, indicating stress in the industry because of slowing sales and mounting discounts.
Scammers have published another fictitious article with the appearance of a South China Morning Post story in a bid to promote an online financial trading tool.
Mainland online retailers JD.com and Alibaba’s Tmall on Monday started offering deeper discounts on iPhone 15 models.
Artificial intelligence could improve organisations’ productivity by up to 47 per cent, but 76 per cent of employers say they lack the knowledge to implement AI training, says study from Amazon Web Services.
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.