Beijing topped the charts for rich families, while Shanghai (above) and Hong Kong were in second and third place, Hurun says. Photo: EPA-EFE
China's economic recovery

China’s affluent families see wealth, numbers decline, Hurun report says

57 minutes ago

The number of rich families in China declined for the second time in 15 years as the world’s second-largest economy tackles a slew of economic challenges.

Beijing topped the charts for rich families, while Shanghai (above) and Hong Kong were in second and third place, Hurun says. Photo: EPA-EFE

China’s affluent families see wealth, numbers decline, Hurun report says

The number of rich families in China declined for the second time in 15 years as the world’s second-largest economy tackles a slew of economic challenges.

57 minutes ago

exclusive | Janus Henderson targets Greater Bay Area, Hong Kong cash-for-residency scheme

Hong Kong will play a key role in Janus Henderson’s Asia expansion plan because the city is a portal to China, while the new investment-migration scheme will create demand for investment products, CEO Ali Dibadj says.

18 Mar 2024 - 8:30AM

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.

17 Mar 2024 - 9:14PM
Janus Henderson expects Hong Kong’s newly launched cash-for-residency scheme to lead to demand for long-term investment fund products. Photo: Reuters

exclusive | Janus Henderson targets Greater Bay Area, Hong Kong cash-for-residency scheme

Hong Kong will play a key role in Janus Henderson’s Asia expansion plan because the city is a portal to China, while the new investment-migration scheme will create demand for investment products, CEO Ali Dibadj says.

18 Mar 2024 - 8:30AM
Hong Kong property

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
Electric & new energy vehicles

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

Hong Kong family offices turn to India, now a ‘prime’ investment destination

Analysts consider India a promising growth story, with significant economic expansion and an influx of capital into equities and fixed income.

17 Mar 2024 - 11:30AM
Hong Kong family offices turn to India, now a ‘prime’ investment destination

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

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

Hong Kong family offices turn to India, now a ‘prime’ investment destination

Analysts consider India a promising growth story, with significant economic expansion and an influx of capital into equities and fixed income.

17 Mar 2024 - 11:30AM

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
Money | OPINION
Chinese 100-yuan banknotes arranged in Hong Kong on October 18, 2022. Photo: Bloomberg

Opinion | China still has lessons to learn in internationalising the yuan

Beijing has spent years trying to internationalise the yuan with little to show for it because of strict capital controls. It is time for a bolder approach.

11 Apr 2023 - 7:00AM

Opinion | Why China should keep focus on growth and not worry about a weak yuan

The yuan has weakened significantly against the dollar multiple times since 2015, with the People’s Bank of China fighting to defend its value for fear of a collapse. But despite a sharp depreciation again this year, policymakers have held back, suggesting a stronger confidence in the Chinese economy.

The yuan has weakened significantly against the dollar multiple times since 2015, with the People’s Bank of China fighting to defend its value for fear of a collapse. But despite a sharp depreciation again this year, policymakers have held back, suggesting a stronger confidence in the Chinese economy.

22 Dec 2022 - 4:30PM
Why China should keep focus on growth and not worry about a weak yuan

Opinion | Strong dollar crisis: what we can learn from Japan’s ‘weak’ yen

Rather than burning reserves to defend their currencies, countries should be conserving resources, given the looming debt and financial system crises.

Rather than burning reserves to defend their currencies, countries should be conserving resources, given the looming debt and financial system crises.

30 Oct 2022 - 11:15AM
Strong dollar crisis: what we can learn from Japan’s ‘weak’ yen

Money | Explore more