News from SCMP

Chinese developers Poly, Longfor, CIFI report mixed results as forlorn property market awaits buyer-confidence rebound - SCMP

Chinese developers Poly, Longfor, CIFI report mixed results as forlorn property market awaits buyer-confidence rebound

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Bitcoin and Ether ETFs experience modest growth on their first day of trading in Hong Kong, signaling the city's efforts to strengthen virtual asset market. - SCMP

Bitcoin and Ether ETFs experience modest growth on their first day of trading in Hong Kong, signaling the city's efforts to strengthen virtual asset market.

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The prospects for Hong Kong stocks are seen as brightening significantly, as the US$5 trillion market has attracted global investors looking to rotate out of their holdings in US and Japanese shares. - SCMP

The prospects for Hong Kong stocks are seen as brightening significantly, as the US$5 trillion market has attracted global investors looking to rotate out of their holdings in US and Japanese shares.

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First-Quarter Profit for HSBC Surpasses Expectations Due to Sale of Canadian Subsidiary - SCMP

First-Quarter Profit for HSBC Surpasses Expectations Due to Sale of Canadian Subsidiary

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Samsung Announces Profit in Chip Sales after a Year of Deficits, Attributing Fourfold Increase in Overall Revenue to AI Boom - SCMP

Samsung Announces Profit in Chip Sales after a Year of Deficits, Attributing Fourfold Increase in Overall Revenue to AI Boom

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In Hong Kong, the Stock Market Continues on Track for its Largest Gain in 2022, as a Positive Manufacturing Report Enhances the Outlook for China's Growth - SCMP

In Hong Kong, the Stock Market Continues on Track for its Largest Gain in 2022, as a Positive Manufacturing Report Enhances the Outlook for China's Growth

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ICBC and Agricultural Bank of China report profit declines due to intense margin pressure - SCMP

ICBC and Agricultural Bank of China report profit declines due to intense margin pressure

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According to a recent report, China now boasts a total of 369 unicorns, with an average valuation of approximately US$3.8 billion. The sectors leading this growth include artificial intelligence and semiconductor firms. - SCMP

According to a recent report, China now boasts a total of 369 unicorns, with an average valuation of approximately US$3.8 billion. The sectors leading this growth include artificial intelligence and semiconductor firms.

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Analysts Warn Hong Kong Developers: Homebuyers are Purchasing Flats Due to Discounts as Market Boasts Overabundance of Stock and Prices are Unlikely to Increase - SCMP

Analysts Warn Hong Kong Developers: Homebuyers are Purchasing Flats Due to Discounts as Market Boasts Overabundance of Stock and Prices are Unlikely to Increase

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China's Chery Automobile to Launch Right-Hand Drive Cars, Eyeing Malaysia and Indonesia as Target Markets - SCMP

China's Chery Automobile to Launch Right-Hand Drive Cars, Eyeing Malaysia and Indonesia as Target Markets

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A scholar recommends that China accelerate its withdrawal from US bonds, citing increasing bilateral tensions and anxieties. - SCMP

A scholar recommends that China accelerate its withdrawal from US bonds, citing increasing bilateral tensions and anxieties.

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In the first quarter of the year, the profit of BYD, the world's leading electric vehicle manufacturer, took a hit as deliveries decreased, indicating the company's struggle to cope with the intense price competition in the Chinese market. - SCMP

In the first quarter of the year, the profit of BYD, the world's leading electric vehicle manufacturer, took a hit as deliveries decreased, indicating the company's struggle to cope with the intense price competition in the Chinese market.

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The Chinese firm unveils a new text-to-video tool named Sora, which is capable of producing shorter videos akin to OpenAI's device, but with some limitations. - SCMP

The Chinese firm unveils a new text-to-video tool named Sora, which is capable of producing shorter videos akin to OpenAI's device, but with some limitations.

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Amid geopolitical tensions and changes in the cross-strait chip supply chain, Taiwan semiconductor firm KYEC has announced its plans to exit mainland China. - SCMP

Amid geopolitical tensions and changes in the cross-strait chip supply chain, Taiwan semiconductor firm KYEC has announced its plans to exit mainland China.

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After a 3-year absence, luxury retail in Hong Kong's Causeway Bay receives a boost with the return of Louis Vuitton to Times Square. - SCMP

After a 3-year absence, luxury retail in Hong Kong's Causeway Bay receives a boost with the return of Louis Vuitton to Times Square.

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ByteDance reveals over fifty incidents of internal misconduct, including bribery, data leaks, and the use of corporate funds for personal expenses. - SCMP

ByteDance reveals over fifty incidents of internal misconduct, including bribery, data leaks, and the use of corporate funds for personal expenses.

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According to State Street, institutional investors in the Asia-Pacific region are maintaining a strong interest in private assets despite rising inflation and increased borrowing costs, which have dampened their appetite. - SCMP

According to State Street, institutional investors in the Asia-Pacific region are maintaining a strong interest in private assets despite rising inflation and increased borrowing costs, which have dampened their appetite.

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Passing Data Security Assessment in China: Tesla's Cars on the Brink of Authorization - SCMP

Passing Data Security Assessment in China: Tesla's Cars on the Brink of Authorization

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In Japan, two sectors experience positive impact from declining yen exchange rate. - SCMP

In Japan, two sectors experience positive impact from declining yen exchange rate.

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Hong Kong Stock Market Experiences Six-Day Ascent, Longest Winning Streak Since October Fueled by Earnings Optimism. - SCMP

Hong Kong Stock Market Experiences Six-Day Ascent, Longest Winning Streak Since October Fueled by Earnings Optimism.

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Billionaire Geiger on the Brink of Acquiring L'Occitane for $7 Billion. - SCMP

Billionaire Geiger on the Brink of Acquiring L'Occitane for $7 Billion.

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Hong Kong-based insurer, AIA, announces a 27% increase in new business value, enabling the addition of $2 billion to its buy-back plan. - SCMP

Hong Kong-based insurer, AIA, announces a 27% increase in new business value, enabling the addition of $2 billion to its buy-back plan.

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Sources confirm that Chinese brokerage CICC is reducing deal makers' base pay by approximately 25%. - SCMP

Sources confirm that Chinese brokerage CICC is reducing deal makers' base pay by approximately 25%.

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In an interview following the launch of their lab-grown diamonds collection, Swarovski CEO Alexis Nasard discusses the company's long-term strategy in China. - SCMP

In an interview following the launch of their lab-grown diamonds collection, Swarovski CEO Alexis Nasard discusses the company's long-term strategy in China.

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