Hong Kong stocks lifted by positive corporate earnings surprises although major banks remain divided about the market’s future trajectory.
Though its member firms feel conditions have improved for doing business, the British Chamber of Commerce in China said negative sentiment will only be dissipated through sustained, targeted policies.
Hong Kong’s efforts to shore up property prices are bad news for residents seeking to own their first homes in the city. It may take longer to attain the target.
The mansion and two adjacent homes, also seized by creditors, are linked to China Evergrande founder Hui Ka-yan, once China’s richest person.
‘It’s too early to leave the party,’ says an HSBC analyst as Goldman raises its index targets by at least 5 per cent, but JPMorgan Private Bank calls an end to the rebound.
Encode Justice, founded by 19-year-old US student Sneha Revanur, is pushing governments to take more concrete steps on AI regulation, with support from academics and officials.
The latest product announcements by NetEase reflect heightened competition in the world’s second-largest video gaming market, where tech giant Tencent continues to lead.
Moonshot AI is in talks with investors for additional funding that will boost its valuation by US$500 million over its previous round in February.
Taiwanese chip manufacturer TSMC and Dutch machine supplier ASML have ways of disabling their equipment, sources told Bloomberg.
Alibaba Cloud has slashed the fees for using its generative artificial intelligence models by up to 97 per cent, a week after ByteDance launched a rival service that costs less than most competitors.
The funding will help set up a pilot line in Europe that will develop and test future generations of advanced semiconductors.
The 2GW pilot project is coming up near its nuclear plant in Jiangsu province. The US$1.4 billion project will include a 0.4GW energy-storage facility and cover an area larger than Hong Kong’s Tseung Kwan O district.
Hong Kong can be a fundraising hub for AI start-ups as it has deep capital pools and plays a connector role in Asia, says partner at European venture capital firm Alpha Intelligence Capital.
Hong Kong stocks retreat from 10-month highs after disappointing earnings from Li Auto triggered concerns about corporate performances in China.
Hong Kong-traded shares of Chinese dual-listed companies are at their smallest discounts to their counterparts on the mainland in 15 months as global investors pile in after Beijing launches measures to rescue the crisis-hit property sector.
Chinese local government entities have carried the mantle of cornerstone investors in first-time stock offerings in Hong Kong in the past two years as foreign investors shun deals. Their outsize role could work against the city’s capital market, market experts say.
CSRC’s new chief Wu Qing has sought to improve corporate governance and close deep valuation discounts in a bid to revive investors’ faith in China’s US$9 trillion stock market and these bold moves have met with some early success.
Alibaba scales back an ambitious business overhaul plan and bids farewell to a turbulent year, as its founders call on employees to embrace changes.
Even in the absence of the buying restrictions, a healthy supply and elevated interest rates mean the city’s infamously expensive house prices are unlikely to return to the kind of breakneck growth seen in the past, analysts say.