Illustration by Perry Tse
Banking & finance
Zombie apocalypse? Surging interest rates threaten indebted firms
24 Sep 2022 - 11:51AM

A total of 462 Hong Kong-listed companies are not earning enough to pay the soaring interest on their loans. These ‘zombie’ companies must find white knights, sell assets or risk bankruptcy.

Illustration by Perry Tse
Zombie apocalypse? Surging interest rates threaten indebted firms

A total of 462 Hong Kong-listed companies are not earning enough to pay the soaring interest on their loans. These ‘zombie’ companies must find white knights, sell assets or risk bankruptcy.

24 Sep 2022 - 11:51AM
25 Sep 2022 - 8:14PM
25 Sep 2022 - 5:00PM
Xpeng’s factory in Zhaoqing, Guangdong province. Photo: SCMP/Iris Ouyang
Xpeng CEO buys back 2.2 million shares as new SUV expected to boost sales

He Xiaopeng, founder of Chinese smart EV maker Xpeng, is buying back 2.2 million of the firm’s American depositary shares, as its new SUV launch boosts confidence in its future.

25 Sep 2022 - 8:14PM
Macau
China tour groups to return to Macau in November, government says

Macau plans to welcome back tour groups from mainland China as soon as November, giving a boost to its tourism-dependent economy.

Macau plans to welcome back tour groups from mainland China as soon as November, giving a boost to its tourism-dependent economy.

25 Sep 2022 - 5:00PM
Mergers & Acquisitions
Baring PE Asia weighs US$8 billion merger of Hong Kong’s Tricor and Vistra

Baring Private Equity Asia is exploring a combination of two Hong Kong-based business services firms it owns, Tricor and Vistra, according to people familiar with the matter.

Baring Private Equity Asia is exploring a combination of two Hong Kong-based business services firms it owns, Tricor and Vistra, according to people familiar with the matter.

25 Sep 2022 - 3:03PM
25 Sep 2022 - 12:30PM
Chinese investors cautious about M&A, but private equity seeking long-term returns
25 Sep 2022 - 10:30AM
Hong Kong’s crypto investors fear city’s diminishing status as regulation looms
25 Sep 2022 - 3:03PM
25 Sep 2022 - 12:30PM
25 Sep 2022 - 10:30AM
Hong Kong stocks hit the lowest since 2011 as rate hikes fan recession risk

Stocks suffered steep losses as the Hang Seng Index hit the level not seen since December 2011 on concerns higher borrowing costs will crush demand and push the global economy into a recession.

Stocks suffered steep losses as the Hang Seng Index hit the level not seen since December 2011 on concerns higher borrowing costs will crush demand and push the global economy into a recession.

22 Sep 2022 - 4:57PM
Hong Kong’s biggest banks raise prime rates for first time in 4 years

Hong Kong’s Financial Secretary Paul Chan Mo-po has warned the city to expect “negative growth” in the local economy this year.

Hong Kong’s Financial Secretary Paul Chan Mo-po has warned the city to expect “negative growth” in the local economy this year.

23 Sep 2022 - 9:06AM
Hong Kong’s base rate soars 75 basis points to the highest in 14 years

Hong Kong’s rate increase, conducted in concert with US monetary policy to preserve the city’s currency peg to the US dollar since 1983, came at an inopportune moment for the local economy.

Hong Kong’s rate increase, conducted in concert with US monetary policy to preserve the city’s currency peg to the US dollar since 1983, came at an inopportune moment for the local economy.

22 Sep 2022 - 6:07PM

Business | OPINION

A woman passes a bank currency advertisement in Seoul, South Korea, on September 23. Photo: AP
Macroscope | As the collapsing global economy proves, there is no magic money tree

With interest rates rising, markets are waking up to what central banks already know: that inflation isn’t coming down and there won’t be a swift return to easy money. This policy unravelling is going to be painful, but may be necessary to purge the worst excesses of the past decade.

3 hours ago
Opinion | Don’t let China’s ‘coal boom’ enable backsliding on climate pledges

China’s surge in coal production to handle rising electricity demand is not a boom but rather an act of crisis management. The sight of new coal power plants being built and Beijing having second thoughts about its climate commitments should be a huge concern.

China’s surge in coal production to handle rising electricity demand is not a boom but rather an act of crisis management. The sight of new coal power plants being built and Beijing having second thoughts about its climate commitments should be a huge concern.

5 hours ago
Don’t let China’s ‘coal boom’ enable backsliding on climate pledges
Outside In | To queue is human. Just ask those lining up to see Queen Elizabeth’s coffin

The sight of hundreds of thousands of people lining up to catch a glimpse of Queen Elizabeth’s coffin was a reminder of some universal truths. Not only is queuing a shared human experience, it is also an indispensable way of managing the snarls of our lives and keeping chaos at bay.

The sight of hundreds of thousands of people lining up to catch a glimpse of Queen Elizabeth’s coffin was a reminder of some universal truths. Not only is queuing a shared human experience, it is also an indispensable way of managing the snarls of our lives and keeping chaos at bay.

24 Sep 2022 - 9:45AM
To queue is human. Just ask those lining up to see Queen Elizabeth’s coffin
A woman passes a bank currency advertisement in Seoul, South Korea, on September 23. Photo: AP
Macroscope | As the collapsing global economy proves, there is no magic money tree
3 hours ago
Opinion | Don’t let China’s ‘coal boom’ enable backsliding on climate pledges

China’s surge in coal production to handle rising electricity demand is not a boom but rather an act of crisis management. The sight of new coal power plants being built and Beijing having second thoughts about its climate commitments should be a huge concern.

5 hours ago

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