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Shenzhen expects more than 100 major global enterprises and over a dozen national leaders for the Asia-Pacific Economic Cooperation (Apec) CEO Summit, as the southern Chinese city gears up to host the highest-level multilateral gathering in its history. Representatives from 115 Fortune Global 500 companies will participate in the event, said Li Qingshuang, v…
閱讀原始報道 ↗The United Arab Emirates, a favoured destination for foreign property investment, could see support for housing demand and prices if heavy midterm losses for US President Donald Trump’s Republican Party help bring an end to the Iran war, analysts said, adding that housing markets across the wider Middle East could also benefit. Property demand in Abu Dhabi a…
閱讀原始報道 ↗China has ushered artificial intelligence into its cinemas, but the country’s first fully AI-generated feature film has flopped at the box office. Made with no human actors or camera crew, Sanxingdui: Future Past brought in just around 1.8 million yuan (US$270,000) after three weeks in theatres, according to Chinese box office data tracker Beacon Pro. The fi…
閱讀原始報道 ↗UBS has drawn back the curtains on its new Hong Kong headquarters in West Kowloon, a 20-storey tower with a client floor built for meetings, dinners and events, as the Swiss lender anchors its regional presence to tap growing wealth across the Greater Bay Area. About 3,500 UBS staff, currently spread across five offices, including Two IFC in Central, are due…
閱讀原始報道 ↗Expectations that Japan’s interest rates could rise to as high as 2.25 per cent have not deterred the influx of US capital into the local real estate market due to healthy rental growth of offices in prime locations, with analysts saying that investors have simply become more selective within the market. The Bank of Japan implemented two 25-basis-point rate…
閱讀原始報道 ↗Many Chinese working professionals are turning to postgraduate degrees jointly offered by local and overseas universities, seeking internationally recognised qualifications and technical skills that can boost their prospects with employers pursuing expansion abroad. More than 200,000 applications were submitted for master’s programmes jointly offered by Chin…
閱讀原始報道 ↗China is updating a law that has underpinned one of the most remarkable industrial transformations of our time. After two decades of rapid renewable-energy development, China is preparing to rewrite the rules that have guided, supported and guarded its energy revolution. The draft revision to China’s Renewable Energy Law was released on November 6 for public…
閱讀原始報道 ↗Robin Zeng Yuqun, chairman of the Chinese battery giant Contemporary Amperex Technology Ltd (CATL), has maintained an upbeat image in recent weeks, telling a conference last month that battery storage was becoming “an indispensable new infrastructure for the power system”. But analysts are less optimistic about the industry’s near-term outlook, with some cal…
閱讀原始報道 ↗Pop Mart International will once again send a giant float down Sixth Avenue later this month for the Macy’s Thanksgiving Day Parade in New York City, but the company feels rather less buoyant than it did when it debuted at the event last year. The Chinese toymaker’s global ascent has stalled badly as the hype surrounding its Labubu dolls fades. Sales have pl…
閱讀原始報道 ↗China could retaliate with tighter rare earth export controls if Washington further restricts chip sales in the wake of the Nvidia saga, Chinese analysts say, though they expect broader US-China trade talks to remain on track ahead of a planned meeting between the two countries’ leaders next week. Following Jensen Huang’s resignation from Nvidia on Thursday…
閱讀原始報道 ↗China’s finance ministry on Friday clarified the enforcement details of its offshore trust tax, officially excluding Hong Kong pension fund accounts held by mainland Chinese and providing detailed calculation methods for publicly traded Hong Kong stocks and stakes in non-listed firms. The move comes after Beijing’s trust tax circular on July 24 sparked wides…
閱讀原始報道 ↗Asian private credit has ample room to expand, with investor demand holding up and the region’s lending market lagging far behind its private equity industry, according to E.G. Morse, head of Asia credit at Ares Management. The region’s private equity assets under management stood above US$1 trillion as of the end of March, about 11 times more than private c…
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