Business leaders have called for deeper economic integration in the Association of Southeast Asian Nations (Asean) for the bloc to enjoy seamless trade and travel between member states, and fully tap its potential as a region with a young growing middle class. Speakers at the Hong Kong-Asean Summit 2025 on Tuesday stressed that Asean, while…
MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong Kong initial public offering (IPO), according to people familiar with the matter. China International Capital Corporation and UBS are the sponsors for the listing, according to the sources, who declined to be identified for discussing…
MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong Kong initial public offering (IPO), according to people familiar with the matter. China International Capital Corporation and UBS are the sponsors for the listing, according to the sources, who declined to be identified for discussing…
Anjoy Foods Group, mainland China’s largest producer of frozen hotpot ingredients, said it plans to expand in overseas markets like Europe and Southeast Asia after it lists in Hong Kong. Liang Chen, board secretary of the Fujian-based company, told the Post that proceeds from the share sale would bolster its competitiveness in countries like Indonesia…
China has disclosed details about a 60 billion yuan (US$8.2 billion) state fund aimed at early-stage investments in artificial intelligence (AI) projects, underscoring Beijing’s commitment to advancing the industry through state-led investments. Zhang Jianhua, an official from the Ministry of Industry and Information Technology overseeing the fund, said at a conference in Shenzhen that the…
Hong Kong faces an unprecedented opportunity as an offshore hub for the currency, despite what is broadly seen as short-term pressure on the yuan, according to investment bank China International Capital Corporation (CICC). In the past, depreciation was largely driven by a wide interest rate differential between the US dollar and the yuan, which prompted…
More Chinese and global issuers and investors are expected to be drawn to offshore yuan bonds in Hong Kong and elsewhere, thanks to the currency’s cost efficiency, according to investment bank China International Capital Corporation (CICC). On Wednesday, China’s Ministry of Finance sold 12.5 billion yuan (US$1.7 billion) worth of bonds in Hong Kong, with…