Greater China

New Business

Why retirees are the future of China’s outbound tourism market

Chinese retiree John Wang, 74, has travelled abroad to five countries, and took a particular shine to the United Kingdom.…

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New Business

Hongkongers’ Shenzhen shopping sprees abate, in relief for retail owners, UBS and JLL say

Hong Kong’s downtrodden retail sector could be headed for a turning point in coming months, as city residents show less…

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New Business

Hong Kong still among the world’s top wealth hubs, according to Knight Frank report

One in every 176 Hongkongers is estimated to have a net worth of more than US$10 million, making the city…

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New Business

HSBC cutting 900 staff at China digital wealth unit Pinnacle, sources say

HSBC reiterated its commitment to mainland China as a “priority market” after two sources said the lender was reducing staff…

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New Business

Trump has fired his first tariff salvo at China. Are Japan and South Korea next?

Tariffs on imports from Japan and South Korea may be next on the agenda for US President Donald Trump as…

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New Business

Hong Kong stocks gain after US reversal on package ban

Hong Kong stocks rose on Thursday, following gains in the US as traders navigated nonstop news around the trade battle…

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New Business

Yuan trade finance rises in Hong Kong as firms seek cost efficiencies amid US-China tensions

The use of the yuan in trade finance is gaining momentum as companies seek cost efficiencies and supply chain diversification…

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New Business

Hong Kong’s December mortgages shrink 21.1% as high rates drive homebuyers to sidelines

Hong Kong’s mortgage applications fell by more than a fifth in December, according to the city’s de facto central bank,…

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New Business

Year of the Snake: ANZ expects Hong Kong’s economy to benefit from capital flow, rate cut

Beijing’s recent measures will lead to more capital flows into Hong Kong equities, becoming a key driver of the city’s…

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New Business

Standard Chartered banks on yuan assets amid US-China tensions, Trump risks

Market volatility under US president Donald Trump and the rising appeal of yuan assets mean a boom for Standard Chartered…

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