What are the origins of China’s leverage in the trade war? And why are China’s exports disrupting markets across the world? That China has a strong hand is largely because it has picked up lessons from Silicon Valley and deployed the tactics at every level of the supply chain. Just as Silicon Valley companies “hacked”…
Aurora Mobile (JG), a Nasdaq-listed marketing technology provider, is the latest publicly traded company to plan a treasury strategy that includes cryptocurrency investments. The Shenzhen, China-based company’s board approved an initiative to convert up to 20% its cash and cash equivalents into BTC and other digital assets. The investments may include bitcoin , ether ,…
Elderly Hongkongers will be able to use healthcare vouchers for medical services at two hospitals in mainland China’s Zhuhai later this week under a government subsidy scheme, part of a plan to expand the coverage of the project across the border. The Hong Kong government on Monday announced that the Elderly Health Care Voucher Greater…
Chinese heating systems supplier Zhejiang Sanhua Intelligent Controls had a tepid trading debut in Hong Kong on Monday, with investors selling shares following the initial public offering (IPO) frenzy. Trading under the code 2050, the stock began trading at HK$20.95 amid a declining market, 7.2 per cent lower than its offer price of HK$22.53, in…
As Shenzhen approaches 45 years as a special economic zone (SEZ), the importance of opening up in driving China’s progress was stressed by none other than Huawei Technologies founder Ren Zhengfei. “The more open the country becomes, the more it will drive our progress,” he told People’s Daily in a recent interview, speaking also of…
So, Hong Kong is not going down the drain after all. What a relief! At least that’s the latest reassessment of Stephen Roach, who is something of a big potato among the China commentariat. Some 16 months ago, the former Morgan Stanley, Asia boss seemed to have finally joined the “death of Hong Kong” brigade,…
Chinese President Xi Jinping recently commemorated the 120th birth anniversary of Chen Yun, one of the foundational economic planners of the Communist Party of China. Amid the commemoration’s celebratory tone, Xi’s speech signals a rhetorical shift. The references to communist conviction so prominent in the 2015 address delivered for Chen’s 110th birthday were relatively sparse…
Chief Executive John Lee Ka-chiu has invited international students worried about finishing their courses at Harvard University in the US to continue their studies at one of Hong Kong’s universities. Other universities in Malaysia and Japan have put forward similar suggestions. This comes as Hong Kong is considering how to make best use of the…
In Hong Kong, one of the world’s most expensive cities, 79 yuan (US$11) will get you a set lunch for one. But, to the surprise of many, it will buy a day tour for two people, with lunch and a visit to several attractions thrown in. With such budget tours becoming increasingly popular among mainland…
In Hong Kong, one of the world’s most expensive cities, 79 yuan (US$11) will get you a set lunch for one. But, to the surprise of many, it will buy a day tour for two people, with lunch and a visit to several attractions thrown in. With such budget tours becoming increasingly popular among mainland…