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Cao Li
Senior Correspondent, Business
Cao Li has been working as a journalist focusing on China for two decades, covering a wide range of topics from politics, society and business. She previously worked at the Wall Street Journal and the New York Times in Beijing and Hong Kong.
Deals worth US$616 million were signed at the launch of the Ningxia-Hong Kong Cooperation Advisory Committee.
Three state-run funds vow to ramp up purchases to safeguard market stability, while one regulator pledges to free up more insurance funds.
“I’m optimistic about the Hong Kong stock market,” said Yan Jun, the founder and chairman of AICT.
China’s crisis reinforces what Pimco has known for a long time, which is that property bubbles are dangerous, whether they are in China or elsewhere.
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With low rates in China, borrowing in yuan is now cheaper than in other currencies, CICC says.
Non-performing assets ratio could approach 6.5 per cent seen during the Covid-19 pandemic in 2022 if tariffs hit harder.
All six state-owned commercial banks posted moderate profit growth for last year, as non-performing loan ratios declined slightly.
CATL plans to sell up to 220.17 million shares and could raise at least US$5 billion to fund new factories overseas.
Minority shareholders are also expected to support the sale to receive a special bonus of as much as HK$25 a share, they said.
Other speakers include Steve Davis of the Gates Foundation and James Peng from Pony.ai.
Canada’s third-largest pension fund will wind down its operations over the next 18 months, spokesman says.
The firm is seeking trainees for fundamental research and systematic trading, according to a posting on HKCampusRecruitment.
China’s intensely competitive securities sector, with more than 140 firms, has been repeatedly pulled up by regulators, S&P Global says.
The embattled developer has sold 223 of the 228 flats on offer at its Le Mont residential project, according to agents.
The State Administration of Foreign Exchange entrusts managers in four ‘overseas offices’ to diversify its reserves and maximise returns.
Cheng Hao, the man involved in the rescue of China’s 2015 market crash, runs what is the world’s third largest wealth fund in Hong Kong.
The US$23 billion sale is not final, but needs no Chinese or Hong Kong approval, leaving CK Hutchison to decide whether to proceed, analysts say.
‘We’re not talking small numbers here,’ BNP Paribas executive says.
The search-engine firm last month reported a 2 per cent decline in quarterly revenue and faces intensifying competition in the AI arena.
HKMA unit CMU OmniClear and HKEX sign MOU to enhance the post-trade securities infrastructure of Hong Kong’s capital markets.
Hedge-fund manager makes good on promise to buy ‘everything’ China-related, boosting holdings of Alibaba, JD.com, ETFs.
HKMA to unveil RMB Trade Financing Liquidity Facility on February 28.
DeepSeek’s emergence is a ‘Sputnik moment’ not just for AI, but for China, which is ‘outcompeting the rest of the world’, bank says.
Globally, about 67 per cent of respondents said they would use AI to improve productivity, while 46 per cent would use it to cut headcount.
Gilles Roth says trade should not be fragmented amid tensions in Ukraine and the Middle East.
Prospects for Asian equities remain positive due to China’s stimulus measures and strong Asean trade links, Hang Seng Bank official says.
Starting this year, 30 per cent of the annual insurance premium from new policies will be put into yuan-denominated A shares, regulator Wu Qing said.
Gross floor area to fall 10 per cent while average selling price seen weakening 5 per cent in 2025, Fitch forecasts.
Investments from the National Social Security Fund, mutual funds and other sources will be increased to boost the stock market, regulators say.
