https://www.scmp.com/rss/519500/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Agence France-Presse Agence France-Presse At least one of the world’s largest LNG plants remained closed on Sunday after a cyclone knocked out power to thousands of people in Western Australia. The outages were restricting already stretched fuel supplies caused by the war in the Middle East. Woodside Energy, which processes fuel from one of the world’s biggest offshore gas operations, said on Sunday that its Karratha plant remained offline. “We have commenced remobilising our workforce to some of our offshore facilities and inspections... https://www.scmp.com/news/asia/australasia/article/3348292/australias-karratha-lng-plant-closed-after-cyclone-amid-fuel-shortages?utm_source=rss_feed https://www.scmp.com/news/asia/australasia/article/3348292/australias-karratha-lng-plant-closed-after-cyclone-amid-fuel-shortages?utm_source=rss_feed Sun, 29 Mar 2026 08:44:04 +0000 Agence France-Presse Agence France-Presse Rescuers praised a teenage boy’s “superhuman” survival instincts after he swam four hours through choppy waters off Australia to find help for his family. The 13-year-old boy swam 4km (2.5 miles) back to shore to raise the alarm after his mother and two younger siblings were swept out to sea while kayaking and paddleboarding near the Western Australian tourist town of Quindalup. Marine rescue volunteer Paul Bresland said the teenager’s four-hour swim saved his family, who were eventually found... https://www.scmp.com/news/asia/australasia/article/3342168/superhuman-teen-swims-4-hours-save-family-swept-out-sea-australia?utm_source=rss_feed https://www.scmp.com/news/asia/australasia/article/3342168/superhuman-teen-swims-4-hours-save-family-swept-out-sea-australia?utm_source=rss_feed Tue, 03 Feb 2026 02:12:05 +0000 Agence France-Presse Agence France-Presse Nearly 12 years after Malaysia Airlines flight MH370 vanished with 239 people on board, the search for answers to one of aviation’s most haunting riddles resumed on Tuesday in the remote southern Indian Ocean. Armed with cutting-edge deep-sea robots and smarter data, US investigators are scouring the seabed for clues that have eluded governments, experts and grieving families for more than a decade. MH370 took off from Kuala Lumpur just after midnight on March 8, 2014, bound for Beijing on what... https://www.scmp.com/news/asia/southeast-asia/article/3338232/will-ocean-infinity-finally-solve-flight-mh370-mystery-indian-ocean?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3338232/will-ocean-infinity-finally-solve-flight-mh370-mystery-indian-ocean?utm_source=rss_feed Wed, 31 Dec 2025 02:30:13 +0000 Carolyn Beasley Carolyn Beasley Sandwiched between rusty desert and the cobalt Indian Ocean, Perth, in Western Australia, sprawls along 100km of coastline. With its economy linked to natural resources, the city has weathered the booms and busts, but this is not just a frontier mining town. Despite being one of the most remote conurbations in the world, Perth has matured into a vibrant destination, with sunny beaches, diverse suburbs and a sophisticated food and wine scene. “The suburbs are where Perth is,” says Max Veenhuyzen,... https://www.scmp.com/postmag/travel/article/3337574/insiders-guide-perth-sun-kissed-beaches-and-local-wines-indigenous-art?utm_source=rss_feed https://www.scmp.com/postmag/travel/article/3337574/insiders-guide-perth-sun-kissed-beaches-and-local-wines-indigenous-art?utm_source=rss_feed Wed, 31 Dec 2025 02:15:08 +0000 dpa dpa A British backpacker has been sentenced to four years in prison after a fatal collision with a father-of-two while riding an electric scooter in Australia. Alicia Kemp, 25, from Redditch, Worcestershire, appeared at Perth District Court, Western Australia, on Friday, where she was sentenced after pleading guilty to dangerous driving causing death while under the influence of alcohol. Judge Wendy Hughes handed Kemp a four-year prison term, backdated to June 2025 for time served, with a non-parole... https://www.scmp.com/news/asia/australasia/article/3336194/uk-woman-jailed-after-drunk-e-scooter-crash-killed-beloved-father-australia?utm_source=rss_feed https://www.scmp.com/news/asia/australasia/article/3336194/uk-woman-jailed-after-drunk-e-scooter-crash-killed-beloved-father-australia?utm_source=rss_feed Fri, 12 Dec 2025 07:04:27 +0000 Cheryl Arcibal Cheryl Arcibal Australia, with its stable political and economic landscape, is likely to attract more property investors from Hong Kong and mainland China in the coming year, according to agents. The luxury property segment of the world’s sixth-largest country is also expected to see increased interest from affluent investors looking for cost-efficient safe havens amid changes in the immigration and residency requirements of the US and the UK, among other jurisdictions. “For many years, Australia has been a... https://www.scmp.com/business/article/3332923/australia-draws-mainland-hong-kong-homebuyers-back-stable-policies-economy?utm_source=rss_feed https://www.scmp.com/business/article/3332923/australia-draws-mainland-hong-kong-homebuyers-back-stable-policies-economy?utm_source=rss_feed Sun, 16 Nov 2025 03:00:16 +0000 Associated Press Associated Press Messages in a bottle written by two Australian soldiers a few days into their voyage to the battlefields of France during World War I have been found more than a century later on Australia’s coast. The Brown family found the bottle just above the waterline at Wharton Beach near Esperance in Western Australia state on October 9, Deb Brown said on Tuesday. Her husband Peter and daughter Felicity made the find during one of the family’s regular quad bike expeditions to clear the beach of... https://www.scmp.com/news/asia/australasia/article/3330801/wwi-soldiers-messages-bottle-found-after-100-years-australian-beach-unbelievable?utm_source=rss_feed https://www.scmp.com/news/asia/australasia/article/3330801/wwi-soldiers-messages-bottle-found-after-100-years-australian-beach-unbelievable?utm_source=rss_feed Wed, 29 Oct 2025 12:48:46 +0000 Kandy Wong,Mia Nulimaimaiti Kandy Wong,Mia Nulimaimaiti Canada’s status as the dominant supplier of canola to China appears to be under threat as shipments plunge amid a tit-for-tat tariff battle between the two nations. And Australia is already emerging as an alternative source of the staple vegetable oil, analysts and industry insiders say. China’s imports of canola from Canada fell by 55 per cent year on year to 173,250 tonnes in July – the lowest level recorded since July 2023 – Chinese customs data showed. The value of those shipments was down... https://www.scmp.com/economy/china-economy/article/3322525/china-turns-away-canadian-canola-australia-emerges-alternative-supplier?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3322525/china-turns-away-canadian-canola-australia-emerges-alternative-supplier?utm_source=rss_feed Thu, 21 Aug 2025 00:00:19 +0000 Sam Beltran Sam Beltran Japan and Australia’s landmark A$10 billion (US$6.5 billion) deal for next-generation warships not only promises to reshape the Indo-Pacific’s security order, analysts say, but also revive Tokyo’s once-moribund defence industry. Under the deal, announced earlier his month, Japan’s Mitsubishi Heavy Industries will produce Mogami-class 11 stealth frigates for the Royal Australian Navy to replace its ageing Anzac-class vessels with a larger, faster and more lethal fleet. The Mogami-class is a... https://www.scmp.com/week-asia/politics/article/3321688/japans-us65-billion-warship-deal-australia-galvanises-their-defence-ties?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3321688/japans-us65-billion-warship-deal-australia-galvanises-their-defence-ties?utm_source=rss_feed Wed, 13 Aug 2025 07:00:10 +0000 Agence France-Presse Agence France-Presse Australia would be upgrading its navy with 11 Mogami-class frigates built by Japan’s Mitsubishi Heavy Industries, Defence Minister Richard Marles said on Tuesday. Billed as Japan’s biggest defence export deal since World War II, Australia will pay A$10 billion (US$6 billion) over the next 10 years to acquire the fleet of stealth frigates. Australia is in the midst of a major military restructure, bolstering its navy with long-range firepower in an effort to deter China. It is striving to expand... https://www.scmp.com/news/asia/australasia/article/3320747/japan-wins-us6-billion-deal-give-australia-more-lethal-navy?utm_source=rss_feed https://www.scmp.com/news/asia/australasia/article/3320747/japan-wins-us6-billion-deal-give-australia-more-lethal-navy?utm_source=rss_feed Tue, 05 Aug 2025 01:17:10 +0000 Agence France-Presse Agence France-Presse Lost German backpacker Carolina Wilga was found alive but “ravaged by mosquitoes” on Friday, 12 days after going missing in remote bushland in Western Australia. A member of the public found the 26-year-old on a bush track at the edge of a nature reserve, and she has been taken to hospital in Perth for treatment, police said. “She’s been ravaged by mosquitoes. She’s obviously been through an amazing journey, a trauma, and no doubt will be a testimony demonstrating her bravery in the... https://www.scmp.com/news/asia/australasia/article/3317929/australia-german-backpacker-found-after-12-days-missing?utm_source=rss_feed https://www.scmp.com/news/asia/australasia/article/3317929/australia-german-backpacker-found-after-12-days-missing?utm_source=rss_feed Fri, 11 Jul 2025 12:50:38 +0000 William Yiu William Yiu The mother of a 16-year-old Hong Kong girl studying in Australia is considering legal action following her alleged deportation from the country less than eight hours after she was evicted from her homestay family following a dispute. The mother told the Post late last month about her follow-up to the March incident, while Australian authorities said the welfare of international students was their top priority after concerns were raised over a lack of emergency accommodation for the... https://www.scmp.com/news/hong-kong/education/article/3312940/treated-criminal-fury-over-hong-kong-students-swift-australian-deportation?utm_source=rss_feed https://www.scmp.com/news/hong-kong/education/article/3312940/treated-criminal-fury-over-hong-kong-students-swift-australian-deportation?utm_source=rss_feed Wed, 04 Jun 2025 04:30:08 +0000 Justin Bieber has struck up an unlikely friendship amid growing concerns for his mental health and rumours of marital woes. Congratulating golfer Min Woo Lee for landing his first PGA Tour title last weekend, Bieber shared a screenshot of him and Lee on FaceTime after the win at the Houston Open. “Congrats @minwoo27lee,” Bieber captioned his story. Lee reposted it on his own Instagram account, sharing the interaction with the caption “J frickin B”. The Sorry singer has been worrying fans... https://www.scmp.com/magazines/style/entertainment/article/3305096/who-min-woo-lee-rising-golf-star-facetime-justin-bieber-gen-z-humour-becoming-games-first-cult-hero?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3305096/who-min-woo-lee-rising-golf-star-facetime-justin-bieber-gen-z-humour-becoming-games-first-cult-hero?utm_source=rss_feed Sat, 05 Apr 2025 20:00:18 +0000 Zhang Shidong Zhang Shidong CK Life Sciences International, the biotech unit controlled by the Li Ka-shing family, is expected to post a loss for last year due to an increase in R&D spending and a decline in the value of its vineyard assets. The company may report an annual loss of HK$126.6 million (US$16.3 million), compared with a profit of HK$17.3 million in 2023, CK Life said in a statement to the Hong Kong stock exchange on Thursday night. The company will announce its results on March 18. “The change from profit to... https://www.scmp.com/business/china-business/article/3301401/li-ka-shings-ck-life-expects-annual-loss-higher-rd-outlay-lower-vineyard-value?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3301401/li-ka-shings-ck-life-expects-annual-loss-higher-rd-outlay-lower-vineyard-value?utm_source=rss_feed Fri, 07 Mar 2025 03:07:22 +0000 Eric Ng Eric Ng Tianqi Lithium, one of the world’s largest producers of lithium-ion battery materials, warned of a worse-than-expected loss because of a prolonged slump in prices and impairments to cease expansion in Australia. The Chengdu, Sichuan province-based company said in a filing to the Hong Kong stock exchange on Friday that it expected to post a net loss of 7.1 billion yuan (US$978.3 billion) to 8.2 billion yuan for last year. The company made a profit of 7.29 billion yuan in 2023. Tianqi’s shares... https://www.scmp.com/business/companies/article/3296093/tianqi-lithium-warns-us1-billion-loss-price-slump-halt-australian-expansion?utm_source=rss_feed https://www.scmp.com/business/companies/article/3296093/tianqi-lithium-warns-us1-billion-loss-price-slump-halt-australian-expansion?utm_source=rss_feed Fri, 24 Jan 2025 04:59:25 +0000 US President Joe Biden’s absence from key Southeast Asian summits this week has raised concerns over Washington’s commitment to the region, though some analysts say it is a shift in strategy towards bilateral and multilateral partnerships rather than reduced engagement. Biden will be notably absent from the US-Asean summit and the East Asia summit in Laos that both begin on Friday, in his second consecutive year of absence. Vice-President Kamala Harris attended the summits last year, and... https://www.scmp.com/week-asia/politics/article/3282064/biden-skips-southeast-asia-summits-us-losing-influence-region?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3282064/biden-skips-southeast-asia-summits-us-losing-influence-region?utm_source=rss_feed Sat, 12 Oct 2024 05:30:44 +0000 A self-described Nazi will become the first person in Australia sentenced to prison for performing an outlawed Nazi salute when a magistrate sets his term next month. Magistrate Brett Sonnet told Jacob Hersant on Wednesday he will be sentenced to a “relatively modest term of imprisonment” at his next court appearance. “It will not be a severe term of imprisonment, but I have not determined the length,” Sonnet said. Sonnet initially intended for Hersant to be taken into custody on Wednesday until... https://www.scmp.com/news/asia/australasia/article/3281744/australia-jail-self-described-nazi-salute-i-regret-nothing?utm_source=rss_feed https://www.scmp.com/news/asia/australasia/article/3281744/australia-jail-self-described-nazi-salute-i-regret-nothing?utm_source=rss_feed Wed, 09 Oct 2024 13:21:03 +0000 Zhang Shidong Zhang Shidong China’s stocks fell in volatile trading after an underwhelming press conference by the country’s economic planner poured cold water on two weeks of frenzied buying, raising questions about the strength and durability of the world’s biggest market rally. The Hang Seng Index retreated 1.4 per cent to 20,637.24 in Hong Kong on Wednesday, after starting the day 1.7 per cent higher. The benchmark plunged 9.4 per cent a day earlier in its worst decline since 2008. The Hang Seng Tech Index slipped 1.2... https://www.scmp.com/business/china-business/article/3281625/chinas-stocks-head-topsy-turvy-day-hang-seng-gains-while-mainland-markets-plunge?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3281625/chinas-stocks-head-topsy-turvy-day-hang-seng-gains-while-mainland-markets-plunge?utm_source=rss_feed Wed, 09 Oct 2024 02:07:36 +0000 Jiaxing Li Jiaxing Li Hong Kong stocks soared for a sixth day in a row, hitting a 20-month high on mounting speculation China is not done with its stimulus to rescue the market. BlackRock said investors may expect more measures from Beijing to jump-start the ailing economy. The Hang Seng Index jumped 6.2 per cent on Wednesday to the highest level since January 2023, bringing the six-day cumulative gain to 23 per cent. The Tech Index surged 8.5 per cent. A gauge tracking US-listed Chinese stocks rallied 5.5 per cent... https://www.scmp.com/business/markets/article/3280741/hong-kong-stocks-surge-sixth-day-blackrock-modestly-overweight-china-shares?utm_source=rss_feed https://www.scmp.com/business/markets/article/3280741/hong-kong-stocks-surge-sixth-day-blackrock-modestly-overweight-china-shares?utm_source=rss_feed Wed, 02 Oct 2024 02:34:32 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) builder Xpeng will begin exporting its cars to Qatar as it steps up a global expansion effort amid crushing competition in the mainland China market. The Guangzhou-based company signed an agreement with distributor Pioneer Motors on September 10, taking an initial step towards tapping consumer demand for premium electric cars in the Middle Eastern nation, according to a statement. By the end of the year, drivers in Qatar will have the chance to buy several... https://www.scmp.com/business/china-business/article/3279572/chinese-ev-maker-xpeng-adds-qatar-export-list-amid-price-war-home?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3279572/chinese-ev-maker-xpeng-adds-qatar-export-list-amid-price-war-home?utm_source=rss_feed Mon, 23 Sep 2024 07:00:09 +0000 Hong Kong stocks rose, with the city’s benchmark capping its biggest weekly gain in nearly five months, taking cues from a global rally amid optimism that the US economy will achieve a soft landing. The Hang Seng Index climbed 1.4 per cent to 18,258.57 at the close. It advanced 5.1 per cent this week, delivering the best performance for a five-day period since April 26. The Hang Seng Tech Index also gained 1.4 per cent and the Shanghai Composite Index added less than 0.1 per cent. Among gainers,... https://www.scmp.com/business/china-business/article/3279232/hong-kong-stocks-head-biggest-weekly-gain-nearly-5-months?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3279232/hong-kong-stocks-head-biggest-weekly-gain-nearly-5-months?utm_source=rss_feed Fri, 20 Sep 2024 02:26:00 +0000 Eric Ng Eric Ng Yutong Bus, the world’s largest electric-bus maker, has unveiled a new technology platform that aims to boost driving ranges and cut operating costs, as it vies for a bigger slice of a growing market amid a decarbonisation push by public transport fleets worldwide. The company, based in Zhengzhou in China’s central Henan province, announced the Asia-Pacific launch of the platform on Tuesday at Australia’s biennial National Bus and Coach show in Brisbane, where it showcased four electric buses.... https://www.scmp.com/business/china-business/article/3279100/chinas-yutong-worlds-top-electric-bus-maker-touts-new-technology-exports-grow?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3279100/chinas-yutong-worlds-top-electric-bus-maker-touts-new-technology-exports-grow?utm_source=rss_feed Thu, 19 Sep 2024 07:00:08 +0000 Enoch Yiu Enoch Yiu Five of Hong Kong’s major commercial banks cut their prime rates for the first time in almost five years, after the local monetary authority followed the US Federal Reserve in kicking off a rate-cut cycle. Bank of China (Hong Kong), HSBC and its Hang Seng Bank unit will trim their prime lending rates by a quarter percentage point to 5.625 per cent, and cut their savings rate by the same margin to 0.625 per cent per annum for deposits that exceed HK$5,000 (US$640), the banks said in separate... https://www.scmp.com/business/article/3278874/hong-kong-cuts-base-rate-half-point-lockstep-us-feds-aggressive-bid-economy?utm_source=rss_feed https://www.scmp.com/business/article/3278874/hong-kong-cuts-base-rate-half-point-lockstep-us-feds-aggressive-bid-economy?utm_source=rss_feed Wed, 18 Sep 2024 23:00:59 +0000 Zhang Shidong Zhang Shidong Chinese stocks rebounded from their lowest levels in more than five years after a holiday break, as investors eagerly awaited a rate decision from the US Federal Reserve. Hong Kong’s market is closed for a public holiday and will resume trading on Thursday. The CSI 300 Index added 0.4 per cent to 3,171.01 at the close. On Friday, it closed at its lowest point since January 24, 2019. The Shanghai Composite Index gained 0.5 per cent and the Shenzhen Composite Index retreated 0.2 per cent. Mainland... https://www.scmp.com/business/china-business/article/3278947/chinas-stocks-hover-around-5-year-low-trading-resumes-after-holiday?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3278947/chinas-stocks-hover-around-5-year-low-trading-resumes-after-holiday?utm_source=rss_feed Wed, 18 Sep 2024 02:29:06 +0000 Yulu Ao Yulu Ao Investors are favouring student housing, co-living and serviced apartments among top assets in the emerging living sector in Asia-Pacific as growth in traditional areas like offices and logistics wanes, according to property consultancy CBRE. These assets remained underinvested in the region and have the potential to deliver better returns as investors look to hedge against inflation, it said. Rising demand from expatriates and low home ownership levels are also aiding the market fundamentals,... https://www.scmp.com/business/china-business/article/3278763/student-housing-serviced-apartments-are-favour-offices-logistics-lose-shine-cbre?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3278763/student-housing-serviced-apartments-are-favour-offices-logistics-lose-shine-cbre?utm_source=rss_feed Tue, 17 Sep 2024 04:01:08 +0000 Jiaxing Li Jiaxing Li Hong Kong stocks advanced as local developers rallied ahead of an expected rate cut from the Federal Reserve, as appliance maker Midea Group surged on its trading debut. The Hang Seng Index jumped 1.4 per cent to 17,660.02 on Tuesday, the biggest single-day gain since August 16, taking the gauge to a two-week high. The Tech Index gained 1.2 per cent. Mainland markets are closed for a holiday. E-commerce giant Alibaba jumped 1 per cent to HK$82.85, food delivery platform Meituan rallied 1.7 per... https://www.scmp.com/business/markets/article/3278802/hong-kong-stocks-soar-ahead-expected-fed-rate-cut-midea-surges-debut?utm_source=rss_feed https://www.scmp.com/business/markets/article/3278802/hong-kong-stocks-soar-ahead-expected-fed-rate-cut-midea-surges-debut?utm_source=rss_feed Tue, 17 Sep 2024 02:35:31 +0000 Aileen Chuang Aileen Chuang The monetary authorities of Hong Kong and Macau will establish a direct link between their clearing, settlement, and custodian systems to promote the development of bond markets and deepen financial cooperation under the Greater Bay Area initiative. The Hong Kong Monetary Authority (HKMA) will link its Central Moneymarkets Unit (CMU) to the central securities depository unit under the Macau Central Securities Depository and Clearing for investors to clear, settle and hold bonds lodged in each... https://www.scmp.com/business/banking-finance/article/3278739/hong-kong-link-its-bond-market-macau-create-deeper-bigger-hub-debt-finance?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3278739/hong-kong-link-its-bond-market-macau-create-deeper-bigger-hub-debt-finance?utm_source=rss_feed Mon, 16 Sep 2024 10:30:11 +0000 Bloomberg Bloomberg Warehouses across China are bulging with grain as a deepening economic crisis takes hold, leaving the world’s farmers to grapple with the prospect of a long-lasting slowdown gripping one of their largest customers. The strain across global markets is already showing. French barley exports to China have been tumbling, and the US has yet to sell a full corn cargo for the new season. Wheat farmers in Australia are likely to be nervous as they prepare to start harvesting their new crop over the... https://www.scmp.com/business/commodities/article/3278677/chinas-fading-hunger-grain-spells-trouble-world-farmers?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3278677/chinas-fading-hunger-grain-spells-trouble-world-farmers?utm_source=rss_feed Mon, 16 Sep 2024 05:29:06 +0000 Jiaxing Li Jiaxing Li Hong Kong stocks reversed losses to climb for a third day, as lacklustre Chinese economic data spurred hope that Beijing would roll out more stimulus, while the US Federal Reserve’s imminent easing cycle lifted sentiment. The Hang Seng Index gained 0.3 per cent to 17,422.12 on Monday, after losing as much as 1.1 per cent in earlier trading. The Tech Index jumped 0.5 per cent; mainland markets are closed through Tuesday for a holiday. Food delivery platform Meituan advanced 2.8 per cent to... https://www.scmp.com/business/markets/article/3278646/hong-kong-stocks-fall-weak-china-data-alibaba-and-tencent-lead-losses?utm_source=rss_feed https://www.scmp.com/business/markets/article/3278646/hong-kong-stocks-fall-weak-china-data-alibaba-and-tencent-lead-losses?utm_source=rss_feed Mon, 16 Sep 2024 02:26:28 +0000 Jiaxing Li Jiaxing Li Hong Kong stocks jumped for a second day to a one-week high as mainland developers rallied on speculation about mortgage-rate cuts. The Hang Seng Index added 0.8 per cent to 17,369.09 on Friday, adding to a 0.8 per cent gain on Thursday and narrowing the week’s loss to 0.4 per cent. The Tech Index gained 0.1 per cent while the Shanghai Composite Index dropped 0.5 per cent to a fresh eight-month low. Food delivery platform Meituan added 0.6 per cent to HK$123, smartphone maker Xiaomi added 1.6... https://www.scmp.com/business/markets/article/3278339/hong-kong-stocks-rise-speculation-about-mortgage-rate-cuts-china?utm_source=rss_feed https://www.scmp.com/business/markets/article/3278339/hong-kong-stocks-rise-speculation-about-mortgage-rate-cuts-china?utm_source=rss_feed Fri, 13 Sep 2024 02:31:54 +0000 Jiaxing Li Jiaxing Li Hong Kong stocks climbed from a one-month low, joining a rally in Asia-Pacific markets amid bullish bets on global rate cuts. Alibaba Group Holding led tech leaders higher on signs of surging demand from mainland-based investment funds. The Hang Seng Index rose 0.8 per cent to 17,240.39 on Thursday, after sliding on Wednesday to the lowest level since August 9. The Tech Index advanced 0.7 per cent, while the Shanghai Composite Index slipped 0.2 per cent to fresh eight-month low. E-commerce... https://www.scmp.com/business/markets/article/3278176/alibaba-wuxi-biologics-lead-hong-kong-stock-rebound-fund-inflows-fed-rate-focus?utm_source=rss_feed https://www.scmp.com/business/markets/article/3278176/alibaba-wuxi-biologics-lead-hong-kong-stock-rebound-fund-inflows-fed-rate-focus?utm_source=rss_feed Thu, 12 Sep 2024 03:07:54 +0000 Aileen Chuang Aileen Chuang HSBC Holdings emerged as the world’s largest dividend payer during the second quarter of this year, while growth in the Asia-Pacific region lagged behind the rest of the world during the period, according to asset manager Janus Henderson Investors’ latest global dividend index. The largest bank in Europe and Hong Kong topped the dividend-payout list with a total disbursement of US$11.7 billion for the June quarter, aided by a US$4 billion special dividend with proceeds from the sale of its... https://www.scmp.com/business/banking-finance/article/3278057/hsbc-tops-nestle-worlds-best-dividend-payer-while-china-mobile-leads-hong-kong-peers?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3278057/hsbc-tops-nestle-worlds-best-dividend-payer-while-china-mobile-leads-hong-kong-peers?utm_source=rss_feed Thu, 12 Sep 2024 01:46:13 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks retreated to a one-month low as a slump in crude oil prices revived jitters about the global growth outlook. The Hang Seng Index fell 0.7 per cent to 17,108.71 at the close, the lowest level since August 9. The Hang Seng Tech Index rose less than 0.1 per cent, and the Shanghai Composite Index retreated 0.8 per cent. China Petroleum and Chemical, also known as Sinopec, led the pack of decliners after crude futures tumbled by more than 4 per cent overnight to an almost three-year... https://www.scmp.com/business/china-business/article/3278029/hong-kong-stocks-dip-1-month-low-amid-slumping-oil-prices-us-presidential-debate?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3278029/hong-kong-stocks-dip-1-month-low-amid-slumping-oil-prices-us-presidential-debate?utm_source=rss_feed Wed, 11 Sep 2024 02:27:08 +0000 Jiaxing Li Jiaxing Li Hong Kong stocks edged higher, reversing earlier losses, thanks to a rally from Alibaba and stronger-than-expected export data out of China. The Hang Seng Index added 0.2 per cent at 17,234.09 on Tuesday, after losing as much as 0.4 per cent in earlier trading, to climb out from a three-week low. The Tech Index added 0.4 per cent, while the Shanghai Composite Index added 0.3 per cent to claw out of an eight-month low. Alibaba jumped 4.2 per cent to HK$81.60 after exchanges in Shanghai and... https://www.scmp.com/business/markets/article/3277868/hong-kong-stocks-hover-around-3-week-low-ahead-china-trade-data?utm_source=rss_feed https://www.scmp.com/business/markets/article/3277868/hong-kong-stocks-hover-around-3-week-low-ahead-china-trade-data?utm_source=rss_feed Tue, 10 Sep 2024 02:29:55 +0000 Jiaxing Li Jiaxing Li Hong Kong stocks fell to the lowest in three weeks after a poor inflation report from the mainland reinforced concerns about slowdown risks. Citigroup joined other Wall Street banks in snubbing Chinese stocks, citing weak consumption and corporate earnings outlook. The Hang Seng Index retreated 1.4 per cent to 17,196.96 on Monday, a level last seen on August 15. The Tech Index declined 1.5 per cent, while the Shanghai Composite Index slipped 1.1 per cent to an eight-month low. E-commerce leader... https://www.scmp.com/business/markets/article/3277712/hong-kong-stocks-hit-3-week-low-china-inflation-data-fuels-worries-about-growth?utm_source=rss_feed https://www.scmp.com/business/markets/article/3277712/hong-kong-stocks-hit-3-week-low-china-inflation-data-fuels-worries-about-growth?utm_source=rss_feed Mon, 09 Sep 2024 02:43:48 +0000 Cheryl Arcibal Cheryl Arcibal Nina Hospitality, the hotel unit of Hong Kong-based private developer Chinachem Group, is looking to expand into mainland China and overseas markets such as the UK, Australia and Singapore within two years. The company is setting the goal following a 2021 rebranding effort helmed by its new managing director Simon Manning, who joined the company the same year. “Our goal in the short term is to be a leading hospitality group within Hong Kong,” Manning said in an interview with the Post. “But... https://www.scmp.com/business/article/3277647/chinachems-nina-hospitality-eyes-uk-singapore-markets-while-hong-kong-regains-momentum?utm_source=rss_feed https://www.scmp.com/business/article/3277647/chinachems-nina-hospitality-eyes-uk-singapore-markets-while-hong-kong-regains-momentum?utm_source=rss_feed Sun, 08 Sep 2024 04:30:12 +0000 Zhang Shidong Zhang Shidong Chinese stocks traded at a seven-month low after a hint at more monetary easing from the nation’s central bank intensified concerns about the growth outlook. Hong Kong’s market did not trade Friday because of a typhoon. The Shanghai Composite Index dropped 0.8 per cent to 2,765.81 at the close, its lowest level since February 5. The benchmark fell 2.7 per cent this week, making for a third weekly loss. The CSI 300 Index also lost 0.8 per cent, while the Shenzhen Composite Index slid 1.6 per... https://www.scmp.com/business/china-business/article/3277409/chinese-stocks-advance-pbocs-hint-easing-hong-kong-closed-due-typhoon?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3277409/chinese-stocks-advance-pbocs-hint-easing-hong-kong-closed-due-typhoon?utm_source=rss_feed Fri, 06 Sep 2024 02:32:15 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks fell for a fourth day in a row, the longest losing streak in a month, as investors weighed the prospect of a rate cut by the Federal Reserve later this month following a weak US jobs report. The Hang Seng Index was down 0.1 per cent to 17,444.30 at the close, erasing an earlier gain of as much as 0.6 per cent. For the week, the benchmark is down 3 per cent. The Hang Seng Tech Index added 0.1 per cent Thursday and the Shanghai Composite Index was up by the same amount. Oil... https://www.scmp.com/business/china-business/article/3277249/hong-kong-stocks-snap-three-day-decline-hopes-fed-rate-cut-wharf-shk-rally?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3277249/hong-kong-stocks-snap-three-day-decline-hopes-fed-rate-cut-wharf-shk-rally?utm_source=rss_feed Thu, 05 Sep 2024 02:27:47 +0000 Daniel Ren Daniel Ren Changan Automobile, the Chinese partner of Ford Motor and Mazda Motor, has made a foray into Europe after setting up its first subsidiary on the continent, a marketing and service unit in Germany. The fourth-largest state-controlled carmaker in mainland China, Changan said on Tuesday that its German unit, Changan Automobile Deutschland, will perform marketing and engineering research to facilitate the company’s further expansion in Europe. “Establishment of the German subsidiary represents... https://www.scmp.com/business/china-business/article/3277142/chinas-state-owned-changan-automobile-establishes-subsidiary-germany?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3277142/chinas-state-owned-changan-automobile-establishes-subsidiary-germany?utm_source=rss_feed Wed, 04 Sep 2024 06:00:36 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks slid to halt a monthly gain as an official report showed that manufacturing in China contracted for a fourth consecutive month and a flurry of companies from banks to property developers reported disappointing results. The Hang Seng Index fell 1.8 per cent to 17,670.72 at the noon break, backtracking after the benchmark rose almost 4 per cent in August for the biggest monthly gain since April. The Hang Seng Tech Index dropped 1.8 per cent, and the Shanghai Composite Index... https://www.scmp.com/business/china-business/article/3276799/hong-kong-stocks-drop-halt-monthly-gain-weak-china-manufacturing-corporate-results?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3276799/hong-kong-stocks-drop-halt-monthly-gain-weak-china-manufacturing-corporate-results?utm_source=rss_feed Mon, 02 Sep 2024 02:21:00 +0000 Salina Li Salina Li Chow Tai Fook Enterprises (CTFE), the investment holding company of the Cheng family, said on Friday that it has set up a CEO’s office that will be helmed by three executives, including one of the clan’s youngest scions. The newly established position will be headed by Christopher Cheng Chi-leong, the co-CEO and head of North Asia; Patrick Tsang On-yip, the co-CEO and head of Americas, Australia and Europe; and Ho Gilbert Chi Hang, the co-CEO and head of corporate functions and operations, CTFE... https://www.scmp.com/business/article/3276641/chow-tai-fook-enterprises-appoints-3-co-ceos-diversified-experience-lead-growth?utm_source=rss_feed https://www.scmp.com/business/article/3276641/chow-tai-fook-enterprises-appoints-3-co-ceos-diversified-experience-lead-growth?utm_source=rss_feed Fri, 30 Aug 2024 13:25:15 +0000 Mia Castagnone Mia Castagnone Hong Kong stocks rose, logging another winning week after investors scooped up Chinese electric vehicle makers like Li Auto, Xpeng and BYD after a recent sell-off. Regional markets also appreciated as sentiment improved on the back of positive US economic signs. The Hang Seng Index advanced 1.3 per cent to a seven-week high of 17,989.07 on Friday, bringing the rally this week to a 2.1 per cent. The Tech Index jumped 2.9 per cent, while the Shanghai Composite Index added 1.3 per cent. Nio led... https://www.scmp.com/business/banking-finance/article/3276494/li-auto-byd-lead-market-winners-hong-kong-stocks-log-best-month-may?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3276494/li-auto-byd-lead-market-winners-hong-kong-stocks-log-best-month-may?utm_source=rss_feed Fri, 30 Aug 2024 02:30:31 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong employees looking for sizeable pay increases could be in for a disappointment, as companies struggle with inflationary pressures, cost cuts and weaker earnings, according to a study by the UK-based consultancy WTW (Willis Towers Watson). Nearly 40 per cent of Hong Kong companies have a smaller payroll budget for the current financial year ending March than they did last year, compared with 21 per cent a year ago, and the outlook for next year is equally conservative, the firm said in... https://www.scmp.com/business/banking-finance/article/3276426/hong-kong-firms-smaller-salary-budgets-double-amid-inflation-economic-woes?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3276426/hong-kong-firms-smaller-salary-budgets-double-amid-inflation-economic-woes?utm_source=rss_feed Thu, 29 Aug 2024 09:28:23 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks overcame a jittery start to log a winning day, as Meituan delivered better-than-expected earnings and more stock buy- back plans shore up sentiment. Electric-vehicle (EV) maker Li Auto sank after a weak earnings report underlined the cost of a brutal price war on sales margins. The Hang Seng Index gained 0.5 per cent to 17,786.32 on Thursday, clawing back an earlier slide of as much as 1.1 per cent. Today’s advance extended the benchmark index’s advance in August to 2.6 per... https://www.scmp.com/business/china-business/article/3276333/hong-kong-stocks-slip-chinese-ev-makers-slump-margin-squeeze-nvidia-hits-tech-bulls?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3276333/hong-kong-stocks-slip-chinese-ev-makers-slump-margin-squeeze-nvidia-hits-tech-bulls?utm_source=rss_feed Thu, 29 Aug 2024 02:43:01 +0000 Mia Castagnone Mia Castagnone Hong Kong stocks rose, extending a three-week winning run, on optimism borrowing costs will decline from as early as next month, after the Federal Reserve gave its strongest hint yet on an imminent change in policy. The Hang Seng Index rose 1.1 per cent to 17,798.73 on Monday, adding to a 1 per cent advance last week. The Tech Index gained 1 per cent while the Shanghai Composite Index was little changed. Property developer Longfor Group gained 3.1 per cent to HK$8.75 and Wuxi Biologics surged... https://www.scmp.com/business/banking-finance/article/3275867/hong-kong-stocks-extend-3-week-winning-run-feds-powell-signals-imminent-rate-cut?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3275867/hong-kong-stocks-extend-3-week-winning-run-feds-powell-signals-imminent-rate-cut?utm_source=rss_feed Mon, 26 Aug 2024 02:32:58 +0000 A leading university in Australia has required applicants to submit official reports as additional proof for mainland Chinese academic qualifications amid a surge in fake documents, after a Hong Kong institution recently cracked down on the trend. A spokesman for the University of New South Wales (UNSW) told the Post that it introduced the measure this year after discovering some applicants had submitted bogus papers, adding it upheld very strict admission standards. “As application volumes have... https://www.scmp.com/news/hong-kong/education/article/3275766/australian-university-takes-hong-kong-institutions-lead-tightens-mainland-admission-checks?utm_source=rss_feed https://www.scmp.com/news/hong-kong/education/article/3275766/australian-university-takes-hong-kong-institutions-lead-tightens-mainland-admission-checks?utm_source=rss_feed Sun, 25 Aug 2024 01:00:24 +0000 Eric Jiang Eric Jiang Linthin Technology, a Chinese start-up specialising in sports science, is banking on Hong Kong’s global connections and talent networks to expand its services to markets around the region, aided by the city’s key investment agency. The Shanghai-based company, which uses big data, Internet of Things, and artificial technology to enhance athletes’ performance and rehabilitation, joined the Science Park’s incubation programme last year and expects to raise its spending on research and development... https://www.scmp.com/business/article/3275683/chinese-sports-tech-start-banks-hong-kongs-connections-talent-reach-new-markets?utm_source=rss_feed https://www.scmp.com/business/article/3275683/chinese-sports-tech-start-banks-hong-kongs-connections-talent-reach-new-markets?utm_source=rss_feed Sat, 24 Aug 2024 01:30:10 +0000 Aileen Chuang Aileen Chuang Hong Kong stocks recorded a third consecutive weekly gain despite a slight fall on Friday, dragged down by Chinese blue chips’ disappointing earnings, while traders keenly await the Federal Reserve chair’s speech for clues on the coming interest-rate cut. The Hang Seng Index fell 0.2 per cent to 17,612.10 at the close, ending the week with a gain of 1 per cent. The Tech Index retreated 1.1 per cent while the Shanghai Composite Index advanced 0.2 per cent. The decline in Hong Kong followed the... https://www.scmp.com/business/markets/article/3275564/netease-baidu-meituan-hurt-hong-kong-stocks-put-third-weekly-gain-doubt?utm_source=rss_feed https://www.scmp.com/business/markets/article/3275564/netease-baidu-meituan-hurt-hong-kong-stocks-put-third-weekly-gain-doubt?utm_source=rss_feed Fri, 23 Aug 2024 02:56:36 +0000 Hong Kong Airlines will resume direct flights between the city and the Gold Coast in Australia from January next year, the carrier’s first step back into the long-haul market amid an expansion of its network, including a possible return to the North American market. The airline announced on Thursday that flights to the Gold Coast would operate seasonally from January 17 to February 15, with the four-times-a-week service running for five weeks over the Lunar New Year period. It will offer about... https://www.scmp.com/news/hong-kong/transport/article/3275501/hong-kong-airlines-returns-long-haul-market-gold-coast-route-eyes-north-america?utm_source=rss_feed https://www.scmp.com/news/hong-kong/transport/article/3275501/hong-kong-airlines-returns-long-haul-market-gold-coast-route-eyes-north-america?utm_source=rss_feed Thu, 22 Aug 2024 10:23:07 +0000 Jiaxing Li Jiaxing Li Hong Kong stocks snapped a two-day losing streak, with Xiaomi and AIA rallying on stellar earnings and JD.com leading a tech rebound after a sell-off. The Hang Seng Index jumped 1.4 per cent to 17,641.00 at the closing of Thursday trading. The Tech Index jumped 2.2 per cent and the Shanghai Composite Index lost 0.3 per cent. Xiaomi jumped 9 per cent to HK$19.10, the biggest winner among the 82 blue chip index members, after it reported a 32 per cent jump in second-quarter revenue to 88.9 billion... https://www.scmp.com/business/markets/article/3275406/jdcom-xiaomi-and-aia-lead-rebound-hong-kong-stocks-fed-clears-rate-cut-doubts?utm_source=rss_feed https://www.scmp.com/business/markets/article/3275406/jdcom-xiaomi-and-aia-lead-rebound-hong-kong-stocks-fed-clears-rate-cut-doubts?utm_source=rss_feed Thu, 22 Aug 2024 02:39:33 +0000