Shares of his company Horizon Robotics Inc., which debuted in Hong Kong on Thursday, rose more than 30% in early trading, lifting the machine learning expert’s fortune to as much as $1.2 billion, …
HSBC splits bank amid growing tensions between China and the West
HSBC has unveiled a sweeping overhaul of the bank by splitting it into East and West, raising fears the move could lead to less scrutiny of its operations in China and Hong Kong.New chief executive Georges Elhedery,
HSBC splits bank amid growing tensions between China and the West
HSBC has unveiled a sweeping overhaul of the bank by splitting it into East and West, raising fears the move could lead to less scrutiny of its operations in China and Hong Kong.New chief executive Georges Elhedery,
CITIC to sell stake in McDonald’s China, HK operations for $430.3 mln
China’s state-owned CITIC Ltd has agreed to sell its 19.23% stake in the company that operates fast-food chain McDonald’s across China and Hong Kong for $430.3 million, fully exiting the business.
CITIC to sell stake in McDonald’s China, Hong Kong business for $430.3 mln
China’s state-owned CITIC Ltd has agreed to sell its 19.23% stake in Fast Food Holdings, the company behind McDonald’s China and Hong Kong operations, to Trustar Fast Food Holdings for $430.3 million.
China Market Update: What The Media Got Wrong About The MoF Press Conference
Asian equities were largely higher despite a stronger US dollar overnight, except for Hong Kong, which was off while Japan was closed for National Sports Day, which aims to foster healthy minds and bodies through physical activity,
Hong Kong stocks rebound on PBOC’s US$70 billion finance facility, fiscal stimulus hopes
The Chinese central bank’s liquidity boosting tool sparks a 2.5 per cent surge in Hong Kong’s Hang Seng Index.
Five years after fallout, Adam Silver believes NBA will return to China
Five years after the NBA’s last game in China, commissioner Adam Silver believes the league will return to the country at some point. The NBA has not played a game there since 2019, when two preseason games were held in the shadow of controversy after a tweet by then-Houston Rockets general manager Daryl Morey in support of freedom for Hong Kong.
China’s stock rally hits speed bump as investors await more stimulus
Chinese stocks tumbled on Wednesday alongside their Hong Kong peers, as investors booked profits after a blistering rally following disappointment over a lack of more powerful stimulus to revive the …
China’s economy is in bad shape. Can its ‘whatever-it-takes’ stimulus effort turn things around?
After four miserable years, stock market in Hong Kong and mainland China are finally soaring, but whether benefits from the economic stimulus measures announced in September spread beyond stock …