Financial Services Development Council Chairman Benjamin Hung Pi-cheng (second left) poses with other FSDC officials during an interview on April 20, 2026. (OSWALD CHAN / CHINA DAILY) Amid turbulence and volatility, global investors are trying to “rebalance” some of their worldwide assets back to the Chinese mainland and Hong Kong markets in a trend that…
The luxury housing market is heading into 2026 with a high level of confidence most other sectors can’t claim—that’s the clear takeaway from Sotheby’s latest outlook report, which draws on global sales data, agent surveys, and buyer behavior at the top end of the market. After outperforming traditional real estate in both sales and value last year, luxury…
Nearly 50 years after she featured on the renminbi banknote, a woman who became known as “one yuan girl” is back in the spotlight due to a recent viral video of her. An influencer in southwestern China’s Guizhou province posted the video on November 26. It featured 65-year-old Shi Naiyin. Shi is an ordinary peasant…
More swings hit Wall Street on Friday, except the U.S. stock market finished higher this time. After bobbing up and down through the morning, the S&P 500 took off and rallied nearly 2% before finishing with a gain of 1%. The Dow Jones Industrial Average climbed 493 points, or 1.1%, and the Nasdaq composite rose…
The Global Oatmeal Market is undergoing a steady and significant expansion, driven by health-conscious consumers and the growing appeal of simple, nutritious breakfasts. According to Renub Research, the market is projected to reach US$ 9.67 billion by 2033, rising from US$ 6.05 billion in 2024, at a CAGR of 5.35% between 2025 and 2033. With…
As the world accelerates toward decarbonization, electrified mobility has become a defining force shaping the global automotive industry. From tightening emission rules to rising consumer awareness, the push toward cleaner transportation is not slowing down. Among electrified options, Plug-in Hybrid Electric Vehicles (PHEVs) continue to attract massive attention for offering what many call the “perfect…
More than one-third of Americans do not own stocks, and a new BlackRock survey reveals that the holdouts cite a lot of reasons for not being in the market. In its People & Money report published on Thursday, BlackRock listed some of the reasons people who don’t invest say they stay on the sidelines. Among…
The debate still rages over whether AI is in a bubble, but most agree that the top stocks sure do look expensive. While some see the bubble bursting outright, others are eyeing a situation where the momentum slowly seeps out. The red-hot AI trade has been the driving force behind the market’s strong growth in…
Eric Jackson thinks the dumb money isn’t so dumb anymore. The founder of EMJ Capital, Jackson is known for his contrarian takes on struggling stocks that he sees as turnaround stories. He correctly pegged ailing used car seller Carvana as a winner in 2022 and kicked off the surge in Opendoor Technologies that turned it…
What gives Michael Burry his rizz? Short-sellers have long been despised by the retail investing crowd, who have often taken bullish positions on the stocks short-sellers are betting will fall. Inside Business stories reveal the inner workings of companies from Silicon Valley to Wall Street that are shaping our world today. “The Big Short” investor, though,…