2024.

New Business

China’s sovereign wealth fund reveals it opened London office after Trump win

China’s flagship sovereign wealth fund has revealed that it opened a representative office in London shortly after Donald Trump’s victory…

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New Business

China’s ZTE names Fang Rong as chairman amid AI pivot, revenue drop

Chinese telecommunications equipment giant ZTE Corp has named veteran industry executive Fang Rong as its new chairman, succeeding Li Zixue,…

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New Business

Sunac China warns of US$3.6 billion loss as housing slump hurts sales, assets

Property developer Sunac China warned investors that losses in 2024 could triple, a year after reorganising its defaulted debt with…

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Vanke’s No. 1 investor installs chairman in ailing developer to guide its way out of debt

Embattled builder China Vanke, once the second-largest Chinese developer by sales, reshuffled its management while forecasting a record US$6.2 billion…

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Mortgage registrations in Hong Kong hit record low in 2024, Centaline says

Mortgage registrations in Hong Kong dropped to the lowest level on record last year, as the city’s property market suffered…

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Chinese city bucks birth rate decline as cash incentives bear fruit

Generous cash incentives to encourage births are paying off in one Chinese city, where the number of newborns saw a…

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Mainland Chinese buyers to continue driving Hong Kong housing demand in 2025, analysts say

Homebuyers from mainland China will continue to be a driving force in Hong Kong’s residential property market in 2025, after…

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New Business

Hong Kong property deals drop in December as slump thins agent ranks

Property transactions in Hong Kong fell in December amid a slump that has thinned the city’s ranks of licensed property…

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New Business

Baidu founder Robin Li predicts ‘exponential’ boom in AI apps in 2025

The founder of Baidu, an artificial-intelligence (AI) pioneer in China that unveiled its own large language model (LLM) just months…

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New Business

Hong Kong’s property market to maintain momentum after deals hit 3-year high

Hong Kong’s property transactions are expected to gather pace after hitting a three-year high in 2024 on the back of…

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