Move to attract more Gulf companies to list comes as government advisory body studies Islamic finance to align the city’s financial infrastructure with the needs of the Middle East.
The Microsoft Windows outage that affected foreign businesses and luxury hotels in China on Friday left the country’s key infrastructure unaffected.
Budget airlines Frontier, Allegiant and Sun Country all reported outages during a major technical disruption to Microsoft’s Azure cloud.
The stock market was let down in its search for short-term fixes, as the benchmark index declined in Hong Kong after the communique. The yuan extended the deprecation against the US dollar and the yield on China’s government bonds drifter lower.
Hong Kong is expected to serve as iFlytek’s launch pad to expand overseas, with a focus on the Middle East and Southeast Asia.
Low-cost goods shipped from mainland China could potentially be subjected to higher tariffs and scrutiny in other countries, following South Africa’s latest initiative.
The UK was the third-largest source of cross-border investment after mainland China and the US in the first half of the year, according to InvestHK.
Western chambers of commerce in China, hoping for sweeping pro-market reforms from the third plenum, will have to keep waiting after an initial summary suggests little in the way of sea changes.
Demand for US homes from Chinese buyers affected by a strong dollar and higher prices, which caused investments to slump by over 40 per cent year on year, according to US real estate association.
Hong Kong’s government raised US$3.2 billion via green bonds denominated in US dollars, euros and offshore yuan in the city’s latest push to establish itself as a sustainable finance hub.
Hong Kong stocks tumbled on Friday after China’s third plenum announcement was light on details about measures to boost economic growth.
Despite the departure, Alibaba has emerged as one of the most prolific investors in mainland China’s growing artificial intelligence start-up sector.
The alliance will launch an alternative wholesale investment product later this year for family offices and institutional investors, SHK&Co deputy CEO Tony Edwards said, without divulging details.
Major Android handset vendors are betting on foldable, artificial intelligence-powered models to compete with Apple ’s iPhone in the high-end segment of the smartphone market.
The Chinese premium EV start-up backed by Renault and state-owned Dongfeng Motor has signed agreements with supply chain partners and financial institutions to accelerate its aim of establishing the first ‘Made in Hong Kong’ car brand.
In the third of a four-part series on green hydrogen, Eric Ng and Yujie Xue look into start-ups that are working on creating the infrastructure and technology to take the low-carbon fuel mainstream.
In the second of a four-part series on the fuel of the future, Yujie Xue looks at the opportunities, threats and challenges China faces in dominating the industry.
In the first of a four-part series, Peggy Sito and Yujie Xue look at the competitive edge of different countries and regions in the green hydrogen industry.
The price of AI services in China plummeted in May after ByteDance kicked off a price war by pricing access to its LLMs at 99.8 per cent below GPT-4.
