Guangzhou-based Xpeng is one of several Chinese electric car companies that’s started to expand overseas. Feature China | Future Publishing | Getty Images Chinese electric-vehicle maker Xpeng saw its shares in Hong Kong surge over 10% Thursday following upbeat earnings and stronger-than-expected revenue forecast for the second quarter. Its shares soared as much as 10.2%…
HiTS (Shanghai) Hydrogen Power Technology, which aims to be the BYD of commercial drones powered by hydrogen fuel cells, plans to set up research and assembly operations in Hong Kong to serve international markets, according to its chief financial officer. Just as the world’s leading electric-vehicle maker BYD also makes EV batteries, HiTS has expertise…
Mainland Chinese student Corner Zhang, 18, is searching for a place to stay for his second year at a university in Hong Kong after his application for campus housing was rejected. He had a shared dormitory room for his first year, but publicly funded Baptist University in Kowloon Tong has not assured him of accommodation…
Marriage is considered by many as a union of love – a beautiful celebration of two people promising to stick together through thick and thin, in sickness and in health, and “till death do us part”. Now imagine how you would feel if, on the eve of your big day, your beloved (or, in some…
Mainland Chinese student Corner Zhang, 18, is searching for a place to stay for his second year at a university in Hong Kong after his application for campus housing was rejected. He had a shared dormitory room for his first year, but publicly funded Baptist University in Kowloon Tong has not assured him of accommodation…
Hong Kong passed a stablecoin bill that will enable the region to establish a licensing regime for fiat-backed stablecoin issuers. “Hong Kong’s stablecoins are backed by fiat currency as underlying assets, and we welcome global enterprises and institutions interested in issuing stablecoins to apply in Hong Kong,” legislative council member Johnny Ng said on X…
What’s going on here? CME Group is in discussions to include Hong Kong in its aluminum contracts delivery network, marking a significant push to strengthen its presence in Asia’s metals market. What does this mean? CME Group, a leading figure in derivatives trading, views Hong Kong as a key hub for its aluminum contracts. This…
Christopher Hui Ching-yu, secretary for financial services and the Treasury delivers speech at press conferences at the Central Government Offices in Admiralty on Feb 27, 2025. (ADAM LAM / CHINA DAILY) The government of the Hong Kong Special Administrative Region has welcomed the passing of the Stablecoins Bill by the Legislative Council (LegCo) on Wednesday….
Today Hong Kong’s Legislative Council passed the Stablecoin Bill for fiat-referenced stablecoins. The legislation is expected to come into force later this year and is seen as a key pillar in Hong Kong’s desire to maintain and enhance its position as an international financial center. Last year the Hong Kong Monetary Authority (HKMA) launched a…
“Unreasonable” tax audit of some Hong Kong media: Press union (Photo: AP) At least five local media outlets in Hong Kong and multiple journalists had their taxes from years ago audited on “unreasonable grounds”, a press association said Wednesday.Hong Kong’s press freedom ranking has plummeted since Beijing cracked down on dissent after huge, sometimes violent…