People walk past Exchange Square, the home of the Hong Kong Sstock exchange  in Central on January 18, 2024. Photo: Xiaomei Chen
Hong Kong stock market

Hong Kong stocks slip on weak Chinese corporate earnings

6 minutes ago

Wuxi Apptech, Wuxi Biologics and Xpeng lead decline as fourth-quarter earnings of Chinese companies are trailing those of peers in the rest of Asia, according to Goldman Sachs.

People walk past Exchange Square, the home of the Hong Kong Sstock exchange  in Central on January 18, 2024. Photo: Xiaomei Chen

Hong Kong stocks slip on weak Chinese corporate earnings

Wuxi Apptech, Wuxi Biologics and Xpeng lead decline as fourth-quarter earnings of Chinese companies are trailing those of peers in the rest of Asia, according to Goldman Sachs.

6 minutes ago

Huawei injects fresh capital into investment subsidiary as growth resumes

The capital infusion could be a harbinger for Huawei’s increased pace of new investments this year, as the Chinese tech giant’s sales rose in 2023.

18 Mar 2024 - 9:30PM

Hong Kong’s family offices are thriving as study shows efforts are paying off

The number of family offices in Hong Kong may have exceeded those established in major financial centres in the region as efforts in the past year to lure foreign capital started to show results.

18 Mar 2024 - 8:16PM
An undated file photo shows signage for Huawei Technologies and venture capital arm Habo Investment. Photo: SCMP

Huawei injects fresh capital into investment subsidiary as growth resumes

The capital infusion could be a harbinger for Huawei’s increased pace of new investments this year, as the Chinese tech giant’s sales rose in 2023.

18 Mar 2024 - 9:30PM
Banking & finance

Hong Kong’s family offices are thriving as study shows efforts are paying off

The number of family offices in Hong Kong may have exceeded those established in major financial centres in the region as efforts in the past year to lure foreign capital started to show results.

The number of family offices in Hong Kong may have exceeded those established in major financial centres in the region as efforts in the past year to lure foreign capital started to show results.

18 Mar 2024 - 8:16PM
China property

China property: rate of decline in investment slows, official statistics show

In January and February, property investment declined 9 per cent year on year, slightly slower than the drop in 2023, according to official statistics.

In January and February, property investment declined 9 per cent year on year, slightly slower than the drop in 2023, according to official statistics.

18 Mar 2024 - 5:36PM

China’s cryptocurrency investors made gains of US$1 billion in 2023

Mainland cryptocurrency investors made US$1.15 billion in 2023 to rank fourth behind those in the US, the UK and Vietnam, according to a Chainalysis survey.

17 Mar 2024 - 9:16PM
China’s cryptocurrency investors made gains of US$1 billion in 2023

Xpeng eyes slice of mass-market segment with launch of cheaper models

The global automotive industry is making a “strategic transformation” towards electrification, said Gou Ping, vice-chairman of the State-owned Assets Supervision and Administration Commission.

17 Mar 2024 - 8:48PM
Xpeng eyes slice of mass-market segment with launch of cheaper models

China property: rate of decline in investment slows, official statistics show

In January and February, property investment declined 9 per cent year on year, slightly slower than the drop in 2023, according to official statistics.

18 Mar 2024 - 5:36PM

China’s cryptocurrency investors made gains of US$1 billion in 2023

Mainland cryptocurrency investors made US$1.15 billion in 2023 to rank fourth behind those in the US, the UK and Vietnam, according to a Chainalysis survey.

17 Mar 2024 - 9:16PM

Xpeng eyes slice of mass-market segment with launch of cheaper models

The global automotive industry is making a “strategic transformation” towards electrification, said Gou Ping, vice-chairman of the State-owned Assets Supervision and Administration Commission.

17 Mar 2024 - 8:48PM

‘New quality productive forces’, with its focus on science and technology, is seen as the answer to China’s economic woes, with the potential to transform society. However, outside the establishment, there is confusion and scepticism surrounding the puzzling catchphrase.

12 Mar 2024 - 9:30AM

‘New quality productive forces’, with its focus on science and technology, is seen as the answer to China’s economic woes, with the potential to transform society. However, outside the establishment, there is confusion and scepticism surrounding the puzzling catchphrase.

12 Mar 2024 - 9:30AM
29 Feb 2024 - 9:30AM
17 Feb 2024 - 7:20PM
31 Dec 2023 - 7:30PM

The Chinese leadership’s advocacy for measures to support and spur growth in the private sector economy intensified in 2023, but the protection of private firms’ assets and rights remain a concern.

5 Dec 2023 - 7:00AM
4 Dec 2023 - 6:00AM
29 Nov 2023 - 8:28PM

China Business Spotlight

China Business | OPINION
Illustration: Craig Stephens

Opinion | What does Xi’s hi-tech push mean for China?

‘New quality productive forces’, with its focus on science and technology, is seen as the answer to China’s economic woes, with the potential to transform society. However, outside the establishment, there is confusion and scepticism surrounding the puzzling catchphrase.

12 Mar 2024 - 9:30AM

Opinion | How Hong Kong can avoid being sidelined in the Greater Bay Area

Hong Kong has been struggling to find its post-pandemic footing, with the stock market slumping and tourism not yet back on track. For the city to play the pivotal role expected of it in the Greater Bay Area, it must distinguish itself by providing goods and services of premium quality and lean into technology.

Hong Kong has been struggling to find its post-pandemic footing, with the stock market slumping and tourism not yet back on track. For the city to play the pivotal role expected of it in the Greater Bay Area, it must distinguish itself by providing goods and services of premium quality and lean into technology.

29 Feb 2024 - 9:30AM
How Hong Kong can avoid being sidelined in the Greater Bay Area

Opinion | Is the AIIB afraid to hear the true impact of its investments in Asia?

Despite the perception of multilateral development banks as forces of good with do-no-harm mandates, the evidence shows they do actually cause harm. The AIIB was the first such bank to include an oversight mechanism in its founding documents, but it is nearly impossible for people affected to access it.

Despite the perception of multilateral development banks as forces of good with do-no-harm mandates, the evidence shows they do actually cause harm. The AIIB was the first such bank to include an oversight mechanism in its founding documents, but it is nearly impossible for people affected to access it.

17 Feb 2024 - 7:20PM
Is the AIIB afraid to hear the true impact of its investments in Asia?

Opinion | Climate action: how China is accelerating the drive towards a net zero world

Chinese firms dominate green industries from renewable energy to electric vehicles, China’s Belt and Road Initiative promotes green projects and even its e-commerce push brings energy savings.

Chinese firms dominate green industries from renewable energy to electric vehicles, China’s Belt and Road Initiative promotes green projects and even its e-commerce push brings energy savings.

31 Dec 2023 - 7:30PM
Climate action: how China is accelerating the drive towards a net zero world

Opinion | China must rely on rule of law to spur growth in nation’s private sector economy

The Chinese leadership’s advocacy for measures to support and spur growth in the private sector economy intensified in 2023, but the protection of private firms’ assets and rights remain a concern.

The Chinese leadership’s advocacy for measures to support and spur growth in the private sector economy intensified in 2023, but the protection of private firms’ assets and rights remain a concern.

5 Dec 2023 - 7:00AM
China must rely on rule of law to spur growth in nation’s private sector economy
Illustration: Craig Stephens

Opinion | 3 steps China must take to remain attractive to investors

Beijing should work to restore the confidence of domestic and global investors to ensure continued economic growth benefits everyone. Focusing less on security, increasing data transparency and minimising uncertainty around government actions would be a good start.

4 Dec 2023 - 6:00AM
Illustration: Craig Stephens

Opinion | 4 reasons strategy for US firms to diversify beyond China risks falling short

Foreign firms looking to diversify their supply chains away from China could inadvertently create negative outcomes for the environment and consumers. Simplicity is a virtue in supply chain management, and countries other than China that can provide end-to-end solutions are few and far between.

29 Nov 2023 - 8:28PM
Illustration: Craig Stephens

Opinion | What does Xi’s hi-tech push mean for China?

12 Mar 2024 - 9:30AM

Hong Kong has been struggling to find its post-pandemic footing, with the stock market slumping and tourism not yet back on track. For the city to play the pivotal role expected of it in the Greater Bay Area, it must distinguish itself by providing goods and services of premium quality and lean into technology.

29 Feb 2024 - 9:30AM
17 Feb 2024 - 7:20PM
31 Dec 2023 - 7:30PM

The Chinese leadership’s advocacy for measures to support and spur growth in the private sector economy intensified in 2023, but the protection of private firms’ assets and rights remain a concern.

5 Dec 2023 - 7:00AM