Post Tagged with: "business"

Record high sales at Chinese developer Vanke, which unveiled ‘to survive’ slogan, in 2018

Record high sales at Chinese developer Vanke, which unveiled ‘to survive’ slogan, in 2018

China Vanke, mainland China’s second-largest property developer by sales, said on Friday it generated 606.95 billion yuan (US$88.28 billion) in sales last year, a record high for the company. Vanke said contracted sales in December were up by 8 per cent compared with the previous month, generating 63.01 billion yuan, […]

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

Market U-turn: US stocks skyrocket on rare spate of good news, with Dow gaining nearly 750 points

US stocks surged, the US dollar weakened and Treasuries tumbled with gold as investors got good news on the economy, Federal Reserve policy and trade tensions. The S&P 500 rallied 3.4 per cent, the Dow Jones Industrial Average roared higher by almost 750 points and the Nasdaq 100’s surge topped […]

Can China walk out of economic difficulties by relying on its old playbook of debt?

Can China walk out of economic difficulties by relying on its old playbook of debt?

China is banking on a new wave of debt-fuelled infrastructure spending to arrest a deepening economic slowdown, but the surge in local government debt may complicate Beijing’s long-term efforts of reining in financial risks in its economy. In an unusual move last week, China’s National People’s Congress Standing Committee authorised […]

Sino Land’s first sale of year gets off to slow start as Hong Kong developer feels backlash after slashing agents’ fees

Sino Land’s first sale of year gets off to slow start as Hong Kong developer feels backlash after slashing agents’ fees

Hong Kong developer Sino Land’s first property sale of 2019 got off to a lacklustre start, after a dispute with sales agents over commission sapped their motivation amid a market downturn. The developer had sold just 39 of 118 of its Grand Central flats on offer, priced between HK$9 million […]

Hong Kong companies need action, not talk, on diversity

Hong Kong companies need action, not talk, on diversity

Hong Kong competes on its reputation as a well but lightly regulated market. This philosophy is reflected in the Hong Kong stock exchange’s listing rules, which lay out a world-class standard of corporate governance but interpreted in a light-touch manner. Regulators try to avoid adding onerous requirements to compliance standards, […]

Chinese companies cool on annual CES Vegas tech show amid trade war and economic uncertainty

Chinese companies cool on annual CES Vegas tech show amid trade war and economic uncertainty

The annual CES consumer electronics trade show in Las Vegas – the biggest technology and consumer electronics exhibition in the world, with around 175,000 expected attendees and 4,000 exhibitors – will kick off this week with about 20 per cent fewer Chinese merchants. Not a big surprise perhaps, given the […]

China, Hong Kong benchmarks rebound, defying big sell-offs in region over Apple train wreck

China, Hong Kong benchmarks rebound, defying big sell-offs in region over Apple train wreck

China and Hong Kong stocks defied big sell-offs in Asia in Friday trading, with the Shanghai Composite capping its biggest gain in a month, as suspected state buying and bargain-hunting of beaten-down companies propped up equities reeling from the world’s worst performance last year. Apple suppliers in Asia, however, took […]

Why a US$3.3 billion merger between Citic’s specialist units adds steel to China’s self sufficiency ambitions

Why a US$3.3 billion merger between Citic’s specialist units adds steel to China’s self sufficiency ambitions

Shares in Chinese financial-to-industrial conglomerate Citic gained on Thursday after Daye Special Steel, in which it owns a 58.1 per cent stake, agreed to buy a 86.5 per cent stake in Citic-controlled Xingcheng Special Steel for 23.18 billion yuan (US$3.3 billion). The reverse takeover by Shenzhen-listed Daye, announced in a […]

Hong Kong’s first residential project sale of the year released with steep price discounts

Hong Kong’s first residential project sale of the year released with steep price discounts

Mainland developer China Overseas Land and Investment unveiled aggressive discounts at its new residential flats released in Tai Po on Thursday, in an effort to fend off competition amid rising supply and concerns of a spreading malaise in the city’s housing market. In the first property sale of the new […]

Nansha, the pearl of the Greater Bay Area (GBA), is in full speed to foster artificial intelligence AI innovation

Nansha, the pearl of the Greater Bay Area (GBA), is in full speed to foster artificial intelligence AI innovation

[Sponsored Article] A global race to speed up artificial intelligence applications AI and innovations is on. Nansha district of Guangzhou, which is located in the geographical center of the Greater Bay Area (GBA), China’s biggest economic engine, is acting quickly for opportunity to play a leading role on AI. Betting […]