Hong Kong and southern Chinese cities are battling widespread flooding as the region endures some of its heaviest rainfall on record. On Friday, streets and subway stations were underwater in Hong Kong as officials shut schools and workplaces.
China Moves to Widen State Employee IPhone Curbs -Sources
Chinese rivals to Apple include Xiaomi, Oppo and Vivo. Huawei last week unveiled its latest Mate 60 Pro smartphone that teardown firms say contains a domestically developed advanced chip and could bring it back to rivalling Apple. (Reporting by Hong Kong, Beijing and Shanghai Newsrooms; Writing by Brenda Goh; Editing by Alexander Smith)
Philippines’ Jollibee to acquire majority share in its Hong Kong franchisee
In a disclosure, JFC said the remaining 40% will still be held by Meko’s shareholders. “Hong Kong is an important market for Jollibee and an important part of JFC China’s strategy to elevate the …
Green Finance: two newly launched Hong Kong-based registries to boost carbon credits trade in Asia, founders say
Two Hong Kong-based and Asia-focused carbon registries launched recently will help to lower barriers for the trading of credits claimed by greenhouse gas emissions reduction projects in the region, …
Macau Law Firms MdME, DSL to Merge
Macau law firms DSL Lawyers and MdME Lawyers have agreed to merge, creating one entity under the latter firm’s namesake. The combined firm will offer legal services out of its Macau, Hong Kong and …
Asset Managers Look to Sell Hong Kong Buildings as Higher Rates Bite
Sources said a few larger asset managers, eager for swift disposals, were starting to sell Hong Kong assets at discounted prices. KaiLong Group is putting two of its buildings – which both have loan facilities due this year – on the market with the deadline for non-binding bids later this month, two sources with knowledge of the matter said.
Stock market today: Asian shares fall back amid selling of China property shares
Shares fell back Tuesday in Asia after U.S. markets were closed for the Labor Day holiday. U.S. futures also were lower and oil prices were mixed. Hong Kong fell more than 1% as Chinese property stocks declined as investors sold to lock in gains fueled by recent efforts to support the ailing industry.
Yes, There Is a Bull Case for Investing in China
The basic case is that China is cheap. MSCI China, which includes Hong Kong stocks, trades at just 10.8 times the next 12 months’ earnings, about half the 20 times earnings of both the S&P 500 and …
Stocks down as traders await more China economic support measures
Equities fell Tuesday, with traders unable to build on the previous day’s rally as they await fresh measures out of China to stimulate the economy and support the creaking property market.”This suggests the potential for a sustained rally in both Hong Kong and mainland Chinese equity markets in the near term.
Country Garden: Property shares jump on debt reprieve
Shares in Chinese property firms have jumped after developer Country Garden reportedly secured an extension to a key debt payment deadline. Major home builders including Country Garden and Evergrande saw their shares rise in Hong Kong on Monday. Investors also welcomed moves by Beijing to step up its support for the faltering economy.