US investment firm BlackRock, which is leading a consortium seeking to buy 43 ports from Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings, aims to take control of its two strategic Panama Canal facilities, while Italy’s wealthy Aponte family will have a majority stake in the others, the Post has learned. A source close to…
The escalating trade war between China and the US is dampening the sentiment of mainland Chinese homebuyers in Hong Kong, as macroeconomic uncertainties and currency depreciation risks weigh on the housing market, according to experts. “Hong Kong’s property market very much depends on the economy, which will inevitably be affected by the tariffs and the…
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(Bloomberg) — China’s policymakers plan to sell a record 3 trillion yuan ($411 billion) of special treasury bonds in 2025, Reuters reported on Tuesday, a move aimed at bolstering the slowing economy. Most Read from Bloomberg The plan would be a sharp increase from this year’s 1 trillion yuan and be used to support consumption…
Chinese internet users were outraged after witnessing national table tennis Olympic champion Wang Chuqin being sidelined during a recent event sponsored by American beverage giant Coca-Cola. The incident occurred at a Beijing marketing event on December 17, where a senior executive was observed moving Wang from a central stage position to the side, as reported…
China’s retail sales growth unexpectedly weakened in November, highlighting the urgency for Beijing to further encourage residents to spend. Retail sales rose 3% from a year ago, the National Bureau of Statistics said Monday. That was the slowest pace in three months and significantly undershot forecasts of 5% growth by economists surveyed by Bloomberg. Source…
China signaled further stimulus measures including raising its budget deficit ratio in 2025 at a key economic meeting that sets policy priorities for the coming year. Top officials led by President Xi Jinping also vowed to deliver rate cuts and lower the reserve requirement for banks during a two-day huddle of the Central Economic Work…
The yield discount on China’s bonds versus US Treasuries grew to the most in 22 years as Beijing signaled further interest-rate cuts to shore up the economy in the face of potential US tariffs. China’s 10-year yields have fallen 245 basis points below those on similar US bonds. That happened as Chinese yields plunged to…
The outlook for Hong Kong’s residential market is divided among analysts, with one consultancy forecasting prices to fall amid oversupply concerns, while two others expect prices to rise because of falling interest rates and improved stock market performance. Property consultancy JLL expects home prices to fall by up to 5 per cent, even as rivals…
(Bloomberg) — China’s consumer inflation unexpectedly decelerated in November while factory deflation eased, painting a mixed picture of the effects of recent stimulus efforts on the economy ahead of key policy meetings this week. Most Read from Bloomberg The consumer price index rose a less-than-forecast 0.2% from a year earlier, the lowest since June, while…