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China developer Vanke’s shares drop amid reports of CEO detention by police

Shares of beleaguered state-backed developer China Vanke fell by more than 8 per cent between Thursday’s market close and Friday…

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New Business

Hong Kong’s shuttered Physical gym chain owner sells 4 flats at over 40% discount

An owner of Hong Kong gym chain Physical sold a number of residential assets at a huge loss after shuttering…

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Hong Kong’s CTF Services to issue US$100 million in convertible bonds

CTF Services, the infrastructure development arm under Chow Tai Fook Enterprises (CTFE), owned by one of Hong Kong’s richest families,…

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Chinese investment bank CICC cleared to operate in Dubai financial centre

China International Capital Corporation (CICC) has received a licence to operate in the Dubai International Financial Centre (DIFC), adding to…

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Chinese AI start-up MiniMax releases low-cost open-source models that rival top chatbots

Chinese artificial intelligence (AI) start-up MiniMax has launched a new series of open-source models, intensifying the competition among mainland technology…

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Marketing Predictions for 2025 from AIA Hong Kong and Macau’s Melissa Wong

As the chief customer and marketing officer of AIA Hong Kong and Macau, Melissa Wong has been at the forefront…

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Key Beijing official in Hong Kong calls for white paper to elevate capital market

Hong Kong’s capital market plays a key role in the city’s financial system and national strategies but it falls short…

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Can China top the US economically by 2030? Economist reaffirms bold 1994 prediction

China’s economy remains on track to surpass that of the United States within five to 10 years, prominent Chinese economist…

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Troubled Chinese developer Country Garden’s loss for first half of 2024 narrows

Embattled Chinese property developer Country Garden Holdings said its net loss for the first half of 2024 narrowed to 12.8…

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Top CIOs cautious on global growth amid Trump and China policy uncertainties

The chief investment officers (CIOs) of some of the world’s largest asset managers remain cautious about the macroeconomic outlook after…

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