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BYD quarterly profit tumbles as weak China sales offset overseas gains

The Shenzhen-based company said its profit tumbled to 7.8 billion yuan (US$1.1 billion) in the three months ended September, compared…

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New Business

Hong Kong’s watchdog SFC eyes listing reform to woo tech firms, flags digital-asset risks

Hong Kong’s market regulator is conducting a comprehensive review of the listing regime to attract more innovative companies, while also…

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New Business

The View | A U-shaped rebound of Hong Kong’s commercial property? Unlikely

When predicting and assessing the shape of recoveries, analysts have made use of letters of the alphabet. A V-shaped recovery…

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Google, Anthropic unveil cloud deal worth tens of billions of dollars

Alphabet’s Google will supply up to 1 million of its specialised artificial intelligence chips to Anthropic, a deal worth tens…

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New Business

HKEX vets 300 listing applications after city becomes the world’s largest IPO market

Bonnie Chan Yiting, CEO of HKEX, on Wednesday said at an event in Shanghai that Hong Kong has more than…

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New Business

Hong Kong developer NWD denies rumours of scramble to manage debt, secure equity financing

New World Development (NWD) denied market speculation that it is conducting a liability-management exercise involving its perpetual bonds or other…

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New Business

Jardine Matheson to buy remaining stake in Mandarin Oriental

Jardine Matheson Holdings has agreed to buy the remaining 11.96 per cent of hotel arm Mandarin Oriental International it does…

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New Business

Soaring valuations among China’s sizzling chip, AI-related stocks test investors’ patience

China’s chip stocks have staged a world-beating rally in the past few months on the nation’s self-sufficiency push, but some…

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New Business

What’s behind HSBC’s privatisation of Hang Seng Bank? Drive for efficiency, analysts say

HSBC Holdings’ plan to take its Hang Seng Bank subsidiary private marked a key step in the UK lender’s strategic…

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New Business

US takes crypto industry driver’s seat on back of Trump policy, stablecoin frenzy

The United States is expanding its influence over the US$4 trillion global cryptocurrency industry amid favourable regulation under the Trump…

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