A motorcycle speeds past Foxconn’s building in Taipei, Taiwan. Photo: Reuters
Foxconn

As ‘iPhone City’ stumbles, Foxconn pumps money into another China plant

3 Dec 2022 - 6:00PM

Foxconn Technology Group said it has made 1 billion yuan (US$142 million) in new investment towards its facilities in the northern Chinese city of Taiyuan.

A motorcycle speeds past Foxconn’s building in Taipei, Taiwan. Photo: Reuters

As ‘iPhone City’ stumbles, Foxconn pumps money into another China plant

Foxconn Technology Group said it has made 1 billion yuan (US$142 million) in new investment towards its facilities in the northern Chinese city of Taiyuan.

3 Dec 2022 - 6:00PM

Oh Canada! Why is HSBC leaving its fifth biggest market?

HSBC’s sale of its Canadian business to Royal Bank of Canada for US$10 billion jettisons a business that has been profitable for a decade. What comes next for the UK-based lender as top shareholder Ping An piles on pressure to spin off its Asian operations?

3 Dec 2022 - 10:00AM

Shared voice clip dispels rumour of Evergrande founder’s suicide

Evergrande is keeping the world’s banks and capital markets on tenterhooks as it grapples with interest payments and billions in debt, all of which are supposed to be worked out in a massive corporate overhaul.

2 Dec 2022 - 9:30PM
Illustration by Lau Ka-kuen

Oh Canada! Why is HSBC leaving its fifth biggest market?

HSBC’s sale of its Canadian business to Royal Bank of Canada for US$10 billion jettisons a business that has been profitable for a decade. What comes next for the UK-based lender as top shareholder Ping An piles on pressure to spin off its Asian operations?

3 Dec 2022 - 10:00AM
China Evergrande Group

Shared voice clip dispels rumour of Evergrande founder’s suicide

Evergrande is keeping the world’s banks and capital markets on tenterhooks as it grapples with interest payments and billions in debt, all of which are supposed to be worked out in a massive corporate overhaul.

Evergrande is keeping the world’s banks and capital markets on tenterhooks as it grapples with interest payments and billions in debt, all of which are supposed to be worked out in a massive corporate overhaul.

2 Dec 2022 - 9:30PM
Insurance

Hong Kong to unveil insurance industry road map to bolster global hub status

The government will use Monday’s Asian Insurance Forum to set out its ‘visions, missions and policy measures to further enhance Hong Kong’s role as an international insurance and risk management hub,’ says treasury secretary Christopher Hui.

The government will use Monday’s Asian Insurance Forum to set out its ‘visions, missions and policy measures to further enhance Hong Kong’s role as an international insurance and risk management hub,’ says treasury secretary Christopher Hui.

2 Dec 2022 - 6:30PM

China’s Nio cuts waiting time for its EVs as production returns to normal

The electric car start-up has slashed the waiting time for its cars to be delivered, the latest sign that it has overcome supply chain problems and is back on track to pursue high growth in the world’s largest automotive market.

2 Dec 2022 - 5:15PM
China’s Nio cuts waiting time for its EVs as production returns to normal

Hong Kong stocks outpace global markets as China reopening bets increase

The Hang Seng Index ended the week as the best performer among the world’s major stock markets as China recovery bets rose amid signs of a Covid-19 policy shift in China.

2 Dec 2022 - 4:39PM
Hong Kong stocks outpace global markets as China reopening bets increase

Hong Kong to unveil insurance industry road map to bolster global hub status

The government will use Monday’s Asian Insurance Forum to set out its ‘visions, missions and policy measures to further enhance Hong Kong’s role as an international insurance and risk management hub,’ says treasury secretary Christopher Hui.

2 Dec 2022 - 6:30PM

China’s Nio cuts waiting time for its EVs as production returns to normal

The electric car start-up has slashed the waiting time for its cars to be delivered, the latest sign that it has overcome supply chain problems and is back on track to pursue high growth in the world’s largest automotive market.

2 Dec 2022 - 5:15PM

Hong Kong stocks outpace global markets as China reopening bets increase

The Hang Seng Index ended the week as the best performer among the world’s major stock markets as China recovery bets rose amid signs of a Covid-19 policy shift in China.

2 Dec 2022 - 4:39PM
Luxury home sales in Hong Kong take a dive. Photo: SCMP

Luxury home sales in Hong Kong expected to hit 9-year low in 2022: Centaline

No respite for luxury property market in Hong Kong, with number of transactions expected to hit nine-year low in 2022, according to Centaline.

15 Nov 2022 - 7:33AM

Hong Kong new home sales forecast to fall to levels not seen since 2013

Rising interest rates, a slumping stock market and economic headwinds in China have soured homebuyer sentiment in Hong Kong.

Rising interest rates, a slumping stock market and economic headwinds in China have soured homebuyer sentiment in Hong Kong.

17 Nov 2022 - 10:12PM

Hongkong Land expands Jardine House food hall to meet tenants’ F&B demand

Commercial landlords in Hong Kong are upgrading their properties in a bid to retain and attract new tenants amid rising office vacancy rates.

Commercial landlords in Hong Kong are upgrading their properties in a bid to retain and attract new tenants amid rising office vacancy rates.

18 Nov 2022 - 1:18PM

Anti-competitive behaviour has no place in Hong Kong

Record HK$150 million fine sought against an engineering firm is a reminder that we cannot drop our guard on an issue that could damage the city’s reputation as a fair place to do business.

Record HK$150 million fine sought against an engineering firm is a reminder that we cannot drop our guard on an issue that could damage the city’s reputation as a fair place to do business.

21 Nov 2022 - 12:00AM
Luxury home sales in Hong Kong take a dive. Photo: SCMP

Luxury home sales in Hong Kong expected to hit 9-year low in 2022: Centaline

No respite for luxury property market in Hong Kong, with number of transactions expected to hit nine-year low in 2022, according to Centaline.

15 Nov 2022 - 7:33AM

Hong Kong new home sales forecast to fall to levels not seen since 2013

Rising interest rates, a slumping stock market and economic headwinds in China have soured homebuyer sentiment in Hong Kong.

Rising interest rates, a slumping stock market and economic headwinds in China have soured homebuyer sentiment in Hong Kong.

17 Nov 2022 - 10:12PM

Hongkong Land expands Jardine House food hall to meet tenants’ F&B demand

Commercial landlords in Hong Kong are upgrading their properties in a bid to retain and attract new tenants amid rising office vacancy rates.

Commercial landlords in Hong Kong are upgrading their properties in a bid to retain and attract new tenants amid rising office vacancy rates.

18 Nov 2022 - 1:18PM

Anti-competitive behaviour has no place in Hong Kong

Record HK$150 million fine sought against an engineering firm is a reminder that we cannot drop our guard on an issue that could damage the city’s reputation as a fair place to do business.

Record HK$150 million fine sought against an engineering firm is a reminder that we cannot drop our guard on an issue that could damage the city’s reputation as a fair place to do business.

21 Nov 2022 - 12:00AM
Business | OPINION
Chinese President Xi Jinping (right) welcomes German Chancellor Olaf Scholz at the Great Hall of the People in Beijing, on November 4. Photo: AFP

Opinion | Europe must break with US to avert global economic disaster

The prospect of the global economy splitting into rival US and China camps is growing more likely, but Europe can help prevent this. Only an enlarged European community that includes Britain and breaks with US foreign policy can provide the needed counterbalancing force.

2 hours ago

Opinion | Neurodiverse talent is an untapped resource across the Asia-Pacific

Corporate studies reveal that teams with neurodiverse employees – those with ADHD, dyslexia and other mental ‘disabilities’ – are more creative, productive and innovative.

Corporate studies reveal that teams with neurodiverse employees – those with ADHD, dyslexia and other mental ‘disabilities’ – are more creative, productive and innovative.

3 Dec 2022 - 8:15AM
Neurodiverse talent is an untapped resource across the Asia-Pacific

Outside In | At the Qatar World Cup and beyond, football is sobering up

Qatar’s World Cup beer ban has shocked some football fans – and prime sponsors – but alcohol bans at games have long been commonplace to curb acts of hooliganism. With the rise in engagement from countries without drinking cultures, the traditional ties between football and alcohol are weakening.

Qatar’s World Cup beer ban has shocked some football fans – and prime sponsors – but alcohol bans at games have long been commonplace to curb acts of hooliganism. With the rise in engagement from countries without drinking cultures, the traditional ties between football and alcohol are weakening.

2 Dec 2022 - 4:15PM
At the Qatar World Cup and beyond, football is sobering up