Latest Hong Kong HKEX Stock Market News
Housing rents may soar this year amid Hong Kong’s property gloom
Rents may soar to record levels this year in Hong Kong, as a fresh crop of incoming students and talent immigrants spur demand for housing, [more]
Hong Kong Jockey Club eyes mainland opportunities despite betting ban
HONG KONG -- The Hong Kong Jockey Club is looking to expand its presence in mainland China, as it prepares to hold regular races there [more]
Alibaba’s Tmall waives annual service fee, Taobao relaxes ‘refund only’ policy
Chinese e-commerce giant Alibaba Group Holding is waiving the annual service fee for merchants on Tmall and loosening its “refund only” policy to reward sellers [more]
Chinese brands go for Olympics marketing gold with pop-ups, partnerships
Chinese companies, eager to burnish their standing among consumers at home and abroad, have embraced this year’s Summer Olympic Games in Paris as an opportunity [more]
Gov’t rejects tender for Chai Wan site
Photo by Chester Ho on UnsplashIt received only one tender for the site The Hong Kong government rejected the tender received for a Chai Wan site [more]
Alzheimer’s drug from Eisai and Biogen rejected in Europe
(Reuters) -- The European Union's drugs regulator has rejected Eisai and Biogen's Leqembi treatment for early Alzheimer's disease, saying the risk of serious brain swelling did not outweigh [more]
SEA Digest: Indonesia’s eFishery, Singapore’s MoneyHero Group lay off staff
Indonesian unicorn eFishery and Singapore’s MoneyHero Group let go staff this week. The aquatech startup did not disclose details regarding the decision while MoneyHero reportedly [more]
PE majors in talks for majority stake in Indian hospital chain: Report
General Atlantic and KKR are among 4-5 private equity firms vying for a majority stake in Faridabad-based hospital chain Asian Institute of Medical Sciences (AIMS), [more]
Southeast Asia IPO fundraising down 60% in first half as Indonesia slumps
Half the top 10 listings in Southeast Asia in terms of amount raised were from Malaysia. (Photo by Norman Goh)FUMIKA SATO, YUKI FUJITA and KENYA [more]
Hyundai’s planned $3b IPO celebrates its made-in-India success story
FILE PHOTO: Workers assemble cars inside the Hyundai Motor India Ltd. plant at Kancheepuram district in the southern Indian state of Tamil Nadu October 4, [more]
IPO-bound Shein may lose appeal as end nears for tax breaks
Moves by authorities in the European Union and elsewhere to end tax breaks for low-value parcels threaten Shein’s profitability and risk denting the fast fashion [more]
Nissan falls behind Renault in market cap a year after equal alliance
Nissan Motor has struggled in China, where it sells the Venucia brand. Meanwhile, Renault has entered into a new partnership with Chinese automaker Geely. (Source [more]
Arson attacks paralyze French high-speed rail hours before Olympics begin
PARIS (AP) -- France's high-speed rail network was hit Friday with widespread and "criminal" acts of vandalism including arson attacks, paralyzing travel to Paris from [more]
CATL state subsidies jump by 35% amid EU squeeze on China EVs
Battery manufacturer CATL shows off its technology at the Beijing International Automotive Exhibition, also known as Auto China 2024, in April.KENJI KAWASE, Nikkei Asia chief business news correspondent [more]
Hitachi wins $720m train order for Philadelphia subway
TOKYO -- Hitachi has received an order for 200 rail cars from the Southeastern Pennsylvania Transit Authority (SEPTA) in the eastern U.S. worth $724.3 million, marking [more]
Opinion | How China’s move to cap salaries is redefining finance’s role in society
After China concluded its third plenum, the key policy meeting that will shape the nation’s economic blueprint for the next decade, the central message remains [more]
Intern’s leaked video exposes chaotic management at leading Chinese brokerage
China Securities, the sixth-largest brokerage in mainland China, has found itself in a tight spot after an intern leaked information about its clients, causing yet [more]
Chinese spicy snacks giant Weilong sees first-half profit rise amid slow economy
Weilong Delicious Global Holdings, which makes popular Chinese spicy snacks, is expected to attract increased investor attention on the back of an anticipated first-half profit [more]
TPG NewQuest India MD Nitin Agarwal resigns: report
Managing Director of TPG NewQuest’s India operations, Nitin Agarwal, has stepped down from his position, news portal Moneycontrol reported on Thursday citing sources.Following a decade-long [more]
Retail sales sink in Shanghai as China works to cushion consumption
Shanghai – China’s biggest city – posted a 9.4 per cent slump in retail sales last month, its worst monthly figure since a two-month pandemic [more]
Bondholders ‘strongly oppose’ Chinese developer Sino-Ocean’s debt-revamp plan
Embattled Chinese developer Sino-Ocean Group faces the risk of liquidation amid challenges to secure enough consent votes on a restructuring proposal, as a key bondholder [more]
GoTo-backed digital lender Bank Jago’s net profit rose 23% in H1 2024
Net profits of GoTo-backed PT Bank Jago Tbk rose 23% in the first half (H1) of 2024 thanks to a growth in the digital lender’s [more]
As Micron president visits China, chip maker stays silent in US-China balancing act
US chip maker Micron Technology, which Beijing targeted last year with a partial sales ban, has stayed tight-lipped about the company president’s visit to China, [more]
China’s crippling local government debt is getting worse: S&P Global Ratings
China’s rescue plan to resolve its local government debt crisis has thus far provided only temporary fixes, with default risks remaining significant and the debt [more]