In 2024, the Agricultural Bank of China expects its asset quality to remain steady, owing in part to policy measures that have boosted growth and employment, an executive says. Photo: Reuters

‘Positive signs of recovery’: China’s largest state-owned banks post earnings growth

The Agricultural Bank of China, China Construction Bank, Bank of China and Postal Savings Bank of China posted steady earnings growth despite government calls to slash rates and inject liquidity into the country’s slumping property sector.

35 minutes ago

BYD expects sales growth slowdown, banks on export surge for profits

BYD, the world’s largest electric-vehicle maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a price war loom over the sector in mainland China.

BYD, the world’s largest electric-vehicle maker, is targeting a 20 per cent increase in sales this year, just a third of last year’s tally, as overcapacity concerns and a price war loom over the sector in mainland China.

2 hours ago

HKMA to banks: be ‘sympathetic’ and offer relief to SMEs struggling with loans

Monetary authority announces a nine-point plan that offers reassurance about access to credit relief amid market rumours of loans being called early.

Monetary authority announces a nine-point plan that offers reassurance about access to credit relief amid market rumours of loans being called early.

3 hours ago

Chinese conglomerate Fosun dumps noncore assets, deleverages to boost financial profile

Chinese conglomerate Fosun International is rapidly offloading assets as it looks to lower debt and concentrate on sustainable businesses

Chinese conglomerate Fosun International is rapidly offloading assets as it looks to lower debt and concentrate on sustainable businesses

28 Mar 2024 - 3:46PM

Hong Kong stocks rebound as Xi strikes upbeat tone on China’s economy, markets

Hong Kong outperforms the region as President Xi Jinping assures US business leaders about China’s commitment to a market-oriented business environment.

Hong Kong outperforms the region as President Xi Jinping assures US business leaders about China’s commitment to a market-oriented business environment.

5 hours ago

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Paul Chan at the Fortune Innovation Forum in Hong Kong on Wednesday. Photo: Bloomberg

Hong Kong must promote itself to attract global IPOs, capital: Paul Chan, Bonnie Chan

Paul Chan, Hong Kong’s financial secretary, and Bonnie Chan, the CEO of bourse operator Hong Kong Exchanges and Clearing, were speaking at Fortune Innovation Forum 2024.

27 Mar 2024 - 7:32PM

Hong Kong stocks slide as Alibaba’s scrapping of logistic unit IPO dampens mood

Hong Kong stocks underperformed the region as sentiment was dealt a blow by the cancellation of a Hong Kong IPO by Alibaba Group’s logistic unit and a cautious outlook from electric vehicle maker BYD, with the yuan’s slide adding to the gloom.

Hong Kong stocks underperformed the region as sentiment was dealt a blow by the cancellation of a Hong Kong IPO by Alibaba Group’s logistic unit and a cautious outlook from electric vehicle maker BYD, with the yuan’s slide adding to the gloom.

27 Mar 2024 - 5:00PM

HSBC launches tokenised gold for customers in Hong Kong amid digital assets push

HSBC Gold Token, which will be available on the lender’s online banking and mobile app, is the first such retail product to be issued by a bank, according to HSBC, as the government pushes for more digital assets to be rolled out for public use.

HSBC Gold Token, which will be available on the lender’s online banking and mobile app, is the first such retail product to be issued by a bank, according to HSBC, as the government pushes for more digital assets to be rolled out for public use.

27 Mar 2024 - 10:28AM

China economy has underlying strengths to attract global investors: officials

Global investors should focus on long-term opportunities in China and take advantage of Hong Kong’s role as a ‘superconnector,’ according to officials and executives from UBS and Primavera Capital.

Global investors should focus on long-term opportunities in China and take advantage of Hong Kong’s role as a ‘superconnector,’ according to officials and executives from UBS and Primavera Capital.

26 Mar 2024 - 9:40PM

Hong Kong stocks rise as two key report cards allay earnings jitters

Hong Kong stocks closed higher as China Merchants Bank and China Resources Land posted better-than-estimated results and China’s central bank governor struck an upbeat tone about the property market.

Hong Kong stocks closed higher as China Merchants Bank and China Resources Land posted better-than-estimated results and China’s central bank governor struck an upbeat tone about the property market.

26 Mar 2024 - 4:32PM

PDD’s Huang outranks Tencent, ByteDance founders as China’s richest tech tycoon

Pinduoduo founder Colin Huang grew his wealth by 71 per cent to become the richest Chinese tech entrepreneur, aided by a rally in its US-listed shares.

Pinduoduo founder Colin Huang grew his wealth by 71 per cent to become the richest Chinese tech entrepreneur, aided by a rally in its US-listed shares.

25 Mar 2024 - 7:36PM

Citic Securities slides after Shenzhen bourse scrutiny into brokerage’s IPO role

The sell-off follows Shenzhen exchange’s statement that it would take action against Citic for failing to fully clarify issues regarding Liangang Optoelectronic’s IPO prospectus.

The sell-off follows Shenzhen exchange’s statement that it would take action against Citic for failing to fully clarify issues regarding Liangang Optoelectronic’s IPO prospectus.

25 Mar 2024 - 4:32PM

Hong Kong stocks dip on earnings nerves after yuan bounce provides brief respite

Hong Kong stocks retreated after a brief boost from a resurgent yuan currency, as investors are watchful awaiting earnings announcements this week from about a third of the companies that comprise the benchmark.

Hong Kong stocks retreated after a brief boost from a resurgent yuan currency, as investors are watchful awaiting earnings announcements this week from about a third of the companies that comprise the benchmark.

25 Mar 2024 - 5:48PM

Hong Kong homebuyers flock to Wheelock’s Seasons Place in Tseung Kwan O

Wheelock Properties sold 120 units of the first batch of 368 units on offer at Seasons Place on Saturday.

Wheelock Properties sold 120 units of the first batch of 368 units on offer at Seasons Place on Saturday.

23 Mar 2024 - 8:59PM

CK Hutchison’s Victor Li and Canning Fok step aside as managing directors

Li and Fok will stay on as co-executive directors, while Fok will serve as deputy chairman and chairman of its telecoms arm.

Li and Fok will stay on as co-executive directors, while Fok will serve as deputy chairman and chairman of its telecoms arm.

23 Mar 2024 - 11:12PM

Hong Kong’s Animoca Brands enters Saudi Arabia’s Web3 ground floor

The Web3 video gaming unicorn has signed an MOU with Saudi Arabia’s state-backed science park, months after a US$50 million investment in its Neom smart city.

The Web3 video gaming unicorn has signed an MOU with Saudi Arabia’s state-backed science park, months after a US$50 million investment in its Neom smart city.

24 Mar 2024 - 1:36AM

Hong Kong stocks dive amid corporate earnings gloom, yuan’s slide to 4 month low

Hong Kong stocks retreated as the focus returned to corporate earnings and after the euphoria over the US Federal Reserve’s dovish comments evaporated. The yuan broke a key level for the first time since November, adding to the gloomy sentiment.

Hong Kong stocks retreated as the focus returned to corporate earnings and after the euphoria over the US Federal Reserve’s dovish comments evaporated. The yuan broke a key level for the first time since November, adding to the gloomy sentiment.

22 Mar 2024 - 6:09PM

Hong Kong must do whatever it takes to maintain financial hub status: Victor Li

‘There are only a few [international financial centres], and Hong Kong is one of them. It is hard-won. We must not lose this place,’ CK Hutchison and CK Asset chairman says.

‘There are only a few [international financial centres], and Hong Kong is one of them. It is hard-won. We must not lose this place,’ CK Hutchison and CK Asset chairman says.

21 Mar 2024 - 8:37PM

Hong Kong stocks jump after US Federal Reserve’s dovish signals

Hong Kong stocks made a firm start after the US Federal Reserve’s dovish outlook brightened the prospects of lower funding costs in the months ahead.

Hong Kong stocks made a firm start after the US Federal Reserve’s dovish outlook brightened the prospects of lower funding costs in the months ahead.

21 Mar 2024 - 4:56PM

Hong Kong keeps base rate at 5.75% after US Fed’s vote to hold fire

The HKMA has held its base rate at current level after raising it 11 times from March 2022 to July 2023 to the highest level since December 2007.

The HKMA has held its base rate at current level after raising it 11 times from March 2022 to July 2023 to the highest level since December 2007.

21 Mar 2024 - 11:03AM