Hong Kong must work harder to be as international as possible under the “one country, two systems” framework to combat a growing perception in Western capitals that it is no different from mainland Chinese cities, business leaders have urged. The city also maintains a significant lead over regional rival Singapore in key financial metrics, panellists…
Hong Kong must work harder to be as international as possible under the “one country, two systems” framework to combat a growing perception in Western capitals that it is no different from any other mainland Chinese city, business leaders have urged. The city also maintains a significant lead over regional rival Singapore in key financial…
First, Apple faced President Donald Trump’s threat to slap tariffs on its products manufactured outside the US. And now, China, sensing an opportunity, is moving fast to stymie the iPhone maker’s India plans. Foxconn, Apple’s largest supplier, has quietly pulled Chinese engineers and technicians from its Indian plants. Over 300 Chinese workers have left Foxconn’s…
US President Donald Trump on Sunday dismissed the importance of aggressive actions linked to Beijing including recent arrests of two Chinese nationals accused of smuggling a dangerous pathogen into the United States, saying “that’s the way the world works”. Trump told Fox News that Washington behaves in a similar way. “You don’t think we do…
Shein, the China-founded fast-fashion giant, is reportedly set to file a draft prospectus confidentially for an initial public offering (IPO) in Hong Kong, potentially as early as this week, according to a report in Reuters that quotes three sources familiar with the matter. The move, as per Reuters exclusive report, could make Shein one of…
In financial markets, the Hong Kong dollar is known as a “widow-maker”, a ruinous trade that inflicts painful losses on successive generations of investors. While betting against Japanese government bonds has been the most notorious widow-maker trade, challenges to Hong Kong’s currency peg to the US dollar date back to the 1997-98 Asian financial crisis…
American economist Stephen Roach has said that Hong Kong has benefited from the US-China trade war despite last year having declared the city to be “over”, even as he claimed that other aspects of the financial hub had worsened. The former Morgan Stanley Asia chairman sparked debate last year after he penned an opinion piece…
American economist Stephen Roach has said that Hong Kong has benefited from the US-China trade war despite last year having declared the city to be “over”, even as he claimed that other aspects of the financial hub had worsened. The former Morgan Stanley Asia chairman sparked debate last year after he penned an opinion piece…
Hong Kong can achieve “high-quality development” by leveraging its unique advantages and remaining open, the city’s finance chief has said, as he revealed that the local stock market has outperformed other major indexes so far this year. Writing on his weekly blog, Financial Secretary Paul Chan Mo-po also said that despite worries about the impact…
“Made-in-Hong Kong” products ranging from mooncakes to garments can shine with the help of technology, automation, subsidies and even artificial intelligence (AI), one of the city’s largest industry groups has said. The Federation of Hong Kong Industries revealed the findings of its recent study on Friday, saying that the city’s industrial sector added HK$127.1 billion…