China’s top leaders have extended greetings to more than 100 retired Communist Party senior cadres and state leaders ahead of the coming Lunar New Year. President Xi Jinping and other state leaders either visited or deputed others to visit a total of 130 former officials in recent days, according to state news agency Xinhua. Those…
Jan 23, 2025 Hong Kong’s property market faced significant challenges in 2024, with mortgage registrations plummeting to their lowest levels since records began in 2000. According to Centaline Property, only 47,917 mortgages were registered for a variety of assets including private flats, home-ownership scheme flats, parking spaces, and commercial facilities. This downturn in mortgage activity…
Investors in Hong Kong are bracing for a Year of the Snake full of uncertainties and some market participants are looking to artificial intelligence (AI) and feng shui masters to determine what lies ahead. The Hang Seng Index will be flat in the first quarter, it will rise in the second quarter and will decline…
As the Chinese economy slows down and the job market becomes more competitive, tens of thousands of young Chinese are resorting to money-saving challenges and sharing their frugal feats on social media. Some youths participating in money-saving trends limit monthly food expenses to no more than $70, or around 500 yuan. See the full story…
President Xi Jinping, his colleagues from the Politburo and other economic mandarins are expected to gather this month for the annual tone-setting economic work conference. Stock traders are particularly interested in the gathering after disappointment with Beijing’s latest attempt at stimulus and are eager for signs of more supportive policies after US president-elect Donald Trump…
Chinese President Xi Jinping has called on provincial leaders to be patient about the pace of economic reforms and cautioned them against trying to solve problems hastily, according to party mouthpiece People’s Daily. He also urged them to break down the fences of vested interests in each province in favour of a national market and…