Sustainable packaging firms have seen an increase in business as the recent ban on disposable plastic takeaway containers pushes the city’s food and drink companies to opt for environmentally-friendly alternatives.
The new pact promises to deliver improved remuneration and promotion for UMG-represented songwriters and artists on TikTok, as well as protections related to generative artificial intelligence.
Swire Pacific, which has made healthcare a key growth area, has completed the acquisition of a controlling stake in Shanghai-based cardiovascular treatment provider DeltaHealth.
The Macau casino operator announced better-than-expected first-quarter earnings and has set its sights on maintaining its highest ever share of the mass market gaming segment.
A new wave of property stimulus measures is brewing that should fuel a recovery in market sentiment across China as the country’s top decision-makers pledged to tackle housing inventories, according to analysts.
Hong Kong will implement sound cybersecurity measures reinforced by strong backup systems to ensure a smooth launch of the MPF electronic platform next month, according to the MPFA’s Ayesha Lau.
The South Korean memory chip maker has already sold out its high-bandwidth memory chips for this year, as enterprises aggressively expand artificial intelligence services.
Z-Library denied rumours of temporarily restricted access in China, promising to maintain access and saying it’s open to censoring some titles.
‘Business performance was strong and broad-based across our segments, products and markets,’ CEO Bill Winters said.
Hong Kong’s biggest lenders including HSBC, Standard Chartered and BOCHK will keep their key lending and deposit rates unchanged, meaning local businesses and mortgage borrowers will have a longer wait for the cost of borrowing to decline.
HKMA reiterated its warning for Hong Kong’s borrowers to “carefully assess” their financial power in considering buying property or taking on mortgages, as high interest rates “may last some time.”
Banking and insurance stocks boosted the Hang Seng Index close to bull market territory with the overall sentiment remaining upbeat following Beijing’s recent efforts to prop up stocks.
Hong Kong kept its key interest rate unchanged for a sixth consecutive time in lockstep with the Federal Reserve’s overnight decision, with sticky US inflation forcing investors to delay rate cut bets.
Huawei’s recognition as an accredited lab expired on Tuesday and its request for an extension of its recognition was denied by US authorities.
Hong Kong’s largest virtual bank is preparing to introduce virtual asset trading services for retail investors, CEO Ronald Iu says. Plans are afoot as a new regulatory regime is rolled out in June.
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.