Sale of 11 Skies could relieve New World of more liabilities, UBS says
A potential sale of 11 Skies, a mall located near Hong Kong’s international airport in Chek Lap Kok, could help New World Development (NWD) lighten its debt burden as the…
A potential sale of 11 Skies, a mall located near Hong Kong’s international airport in Chek Lap Kok, could help New World Development (NWD) lighten its debt burden as the…
Chen Feng, a founder of the defunct Chinese conglomerate HNA Group, has been sentenced to 12 years in prison and is subject to a penalty of 221 million yuan (US$30.8…
The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, said it had no plans to establish a “bad bank” to absorb troubled debt in the financial system,…
A Meituan executive said the company had no choice but to join the latest round of what he called “irrational competition” against rivals JD.com and Alibaba Group Holding in China’s…
ChinaAMC (HK), the Hong Kong arm of Chinese fund house China Asset Management, launched the world’s first yuan-denominated tokenised fund on Thursday, aligning with the city’s regulatory framework for stablecoins,…
The use of artificial intelligence for science would have an even bigger impact than its use for human-related tasks, Nvidia co-founder and CEO Jensen Huang said during a discussion with…
If US President Donald Trump had his way, the Federal Reserve’s benchmark interest rate would stand at 1 per cent instead of the current level of between 4.25 and 4.5…
Kelly Zong Fuli, chairwoman and CEO of mainland China’s largest soft-drinks producer Hangzhou Wahaha Group, is embroiled in a wealth-inheritance dispute that has prompted questions about the sustainability of the…
Most Hongkongers prefer living a fulfilling life up to age 75 rather than an ordinary one until 80, reflecting shifting perceptions of longevity and the growing demand for silver economy-related…
Tesla will introduce a longer, six-seat version of its popular Model Y SUV in China, a strategic move aimed at reclaiming market share in the world’s largest electric vehicle (EV)…