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.

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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

Hong Kong stocks rebound amid policy easing hopes as China data sparks doubts

Hong Kong stocks recovered from a weak start after China’s economic data triggers hopes of more policy easing in the world’s second-largest economy.

Hong Kong stocks recovered from a weak start after China’s economic data triggers hopes of more policy easing in the world’s second-largest economy.

18 Mar 2024 - 4:44PM

Buyers snap up new flats in Kowloon Bay project as curb-free market rebounds

Some 238 of the 336 units available in the first batch at Uptown East in Kowloon Bay, worth about US$179 million, found buyers as of 6pm on Sunday, in a sign that the removal of all market-cooling measures has revived demand in Hong Kong.

Some 238 of the 336 units available in the first batch at Uptown East in Kowloon Bay, worth about US$179 million, found buyers as of 6pm on Sunday, in a sign that the removal of all market-cooling measures has revived demand in Hong Kong.

17 Mar 2024 - 9:14PM

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.

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

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The 90-year-old converted mansion, Jessville Manor, has changed hands for US$26.5 million, adding to evidence that the recent scrapping of property curbs may be starting to revive the luxury housing market. Photo: SCMP Handout

Sale of Hong Kong mansion signals luxury property rebound after curbs lifted

The 90-year-old converted mansion, Jessville Manor, has changed hands for HK$207 million (US$26.5 million), adding to evidence that the recent scrapping of property curbs may be starting to revive the luxury housing market.

16 Mar 2024 - 7:48AM

Fosun unit courts investors days after reports of debt woes at parent firm

Fosun Tourism Group, the leisure and tourism unit of Chinese conglomerate Fosun International, is courting both domestic and international investors in a move that is in line with its asset-light strategy.

Fosun Tourism Group, the leisure and tourism unit of Chinese conglomerate Fosun International, is courting both domestic and international investors in a move that is in line with its asset-light strategy.

15 Mar 2024 - 8:15PM

China’s ‘broker butcher’ vows to tighten IPO rules, curb false accounting

China is tightening the screws on new domestic stock offerings, issuing four documents at once laying out some of the harshest rules, checks and penalties yet to crack down on fake accounting and restore confidence.

China is tightening the screws on new domestic stock offerings, issuing four documents at once laying out some of the harshest rules, checks and penalties yet to crack down on fake accounting and restore confidence.

15 Mar 2024 - 11:17PM

How to navigate China’s stock markets in a US presidential election year

Investors should seek refuge in Chinese domestic consumption stocks and avoid hardware and semiconductor makers to ride out the US-China geopolitical uncertainty, according to Goldman Sachs.

Investors should seek refuge in Chinese domestic consumption stocks and avoid hardware and semiconductor makers to ride out the US-China geopolitical uncertainty, according to Goldman Sachs.

15 Mar 2024 - 3:37PM

Hong Kong stocks slip as China holds key policy rate, US rate cut bets dashed

Stocks suffer from a twin blow on interest-rate front. China keeps its one-year loan facility unchanged, while stronger than expected US price reports this week undermine bets on a rate cut in the next two meetings.

Stocks suffer from a twin blow on interest-rate front. China keeps its one-year loan facility unchanged, while stronger than expected US price reports this week undermine bets on a rate cut in the next two meetings.

15 Mar 2024 - 5:15PM

Nio working with CATL to develop batteries with longer lifespans

The two companies aim to churn out EV batteries that can last for as long as 15 years, nearly double the current average lifespan, which could help EV users save tens of thousands of yuan, they say.

The two companies aim to churn out EV batteries that can last for as long as 15 years, nearly double the current average lifespan, which could help EV users save tens of thousands of yuan, they say.

15 Mar 2024 - 7:00AM

Hong Kong stocks weaken amid earnings caution, property sector eyes support

Hong Kong stocks eased amid caution about corporate earnings although property sector shares advanced amid hopes of state support.

Hong Kong stocks eased amid caution about corporate earnings although property sector shares advanced amid hopes of state support.

14 Mar 2024 - 4:28PM

Hong Kong take-private deals jump as poor valuations dismay investors

Hong Kong-listed firms have been involved in US$4 billion worth of take-private deals already in 2024, compared with US$1.2 billion for the whole of last year, with investors often dismayed by poor valuations.

Hong Kong-listed firms have been involved in US$4 billion worth of take-private deals already in 2024, compared with US$1.2 billion for the whole of last year, with investors often dismayed by poor valuations.

14 Mar 2024 - 4:02PM

Southeast Asia’s digital economy is driving private capital interest

Economic growth and ‘de-risking’ from China are driving investors to Southeast Asia, but just four companies accounted for nearly half of exit values since 2015.

Economic growth and ‘de-risking’ from China are driving investors to Southeast Asia, but just four companies accounted for nearly half of exit values since 2015.

13 Mar 2024 - 5:00PM

China EV war: BYD prices a fifth car below 100,000 yuan threshold

The world’s largest EV maker is taking the offensive in a market-share battle, with rivals including Xpeng, Zeekr and SAIC-GM-Wuling also slashing prices.

The world’s largest EV maker is taking the offensive in a market-share battle, with rivals including Xpeng, Zeekr and SAIC-GM-Wuling also slashing prices.

13 Mar 2024 - 1:30PM

Geely-backed smartphone maker taps banks for Hong Kong IPO: sources

DreamSmart, the start-up behind smartphone brand Meizu, may seek a valuation of more than US$2 billion for a potential Hong Kong share sale this year, sources say.

DreamSmart, the start-up behind smartphone brand Meizu, may seek a valuation of more than US$2 billion for a potential Hong Kong share sale this year, sources say.

13 Mar 2024 - 11:54AM

Standard Chartered CEO contender Cooper leaves as UK bank tweaks top China jobs

Simon Cooper, a frontrunner to replace CEO Bill Winters, is set to depart. Judy Hsu will take on more responsibility in consumer and private banking, while Asia chief Ben Hung will become president of international business.

Simon Cooper, a frontrunner to replace CEO Bill Winters, is set to depart. Judy Hsu will take on more responsibility in consumer and private banking, while Asia chief Ben Hung will become president of international business.

13 Mar 2024 - 11:45AM

Hong Kong stocks end 3-day run on losses in Li Ning, Chinese property developers

Hong Kong stocks took a breather from a three-day gain that helped key equity gauges overcome some key technical barriers, with sportswear maker Li Ning and Chinese developers weighing on the market.

Hong Kong stocks took a breather from a three-day gain that helped key equity gauges overcome some key technical barriers, with sportswear maker Li Ning and Chinese developers weighing on the market.

13 Mar 2024 - 5:46PM

South Korea to review risky China-tied financial products after probe, losses

South Korea plans to review the sale of potentially high-risk investments after a probe found that banks mis-sold China-linked structured products, exposing retail investors to more than US$4 billion in losses.

South Korea plans to review the sale of potentially high-risk investments after a probe found that banks mis-sold China-linked structured products, exposing retail investors to more than US$4 billion in losses.

13 Mar 2024 - 10:01AM

Hong Kong share buy-backs propel Hang Seng Index into the black

Hong Kong-listed stocks are witnessing a surge in share buy-backs as companies use their cash hoard to boost valuations, lift investor confidence.

Hong Kong-listed stocks are witnessing a surge in share buy-backs as companies use their cash hoard to boost valuations, lift investor confidence.

13 Mar 2024 - 11:15AM