The ongoing exile of distance runner Wong Wan-chun from the Hong Kong athletics team began after decisions he made about sponsorship and World University Games accommodation. His relations with the Hong Kong, China Association of Athletics Affiliates (HKAAA) soured to the extent that communication broke down in the lead-up to last year’s Olympics in Paris,…
Chinese sportswear and equipment maker Li Ning posted a drop in interim profit, as weak consumer sentiment weighed on spending and intensifying industry competition squeezed profitability, with management warning of “stronger-than-expected” challenges in the second half. Net profit for the six months to June fell 11 per cent to 1.74 billion yuan US$241.9 million from…
Hong Kong stocks rose on Friday as investors awaited the outcome of the US Federal Reserve’s annual Jackson Hole meeting, while a JPMorgan report suggesting a rally in onshore Chinese stocks will continue acted as a catalyst. The Hang Seng Index added 0.3 per cent to 25,192.50 at 11.30am local time, paring the weekly loss…
Hong Kong stocks rose by the most in two weeks on Tuesday after China’s second-quarter economic growth came in above expectations. The Hang Seng Index advanced 1.4 per cent to 24,545.57 at 10am local time, the most since June 24, adding to the 0.3 per cent increase on Monday. The Hang Seng Tech Index jumped…