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Mainland China

Apple slashes prices of iPhone 15 models to new low in China amid heated competition in world’s largest smartphone market

by Anas Siddiqui
Apple slashes prices of iPhone 15 models to new low in China amid heated competition in world’s largest smartphone market

Apple is offering a new range of steep discounts for iPhone 15 models to consumers in mainland China, with online retail platforms bringing prices to a new low amid the …

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Bank of Singapore ‘bullish on Hong Kong’ as it hires bankers to tap growth opportunities in China, CEO says

by Anas Siddiqui
Bank of Singapore ‘bullish on Hong Kong’ as it hires bankers to tap growth opportunities in China, CEO says

Bank of Singapore, the private banking unit of Oversea-Chinese Banking Corp (OCBC), is expanding its family office business in Hong Kong, as it is bullish about its growth prospects in …

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Hong Kong e-CNY pilot expands: residents can open digital-yuan wallets and top up via FPS, no mainland account required

by Anas Siddiqui
Hong Kong e-CNY pilot expands: residents can open digital-yuan wallets and top up via FPS, no mainland account required

“We are delighted that Hong Kong, being the first place to conduct a cross-boundary e-CNY pilot, has also become the first place outside mainland China that enables its residents to …

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Bitcoin Asia in Hong Kong attracts major interest from mainland as attendees look to top market where crypto is banned

by Anas Siddiqui
Bitcoin Asia in Hong Kong attracts major interest from mainland as attendees look to top market where crypto is banned

“I think the ETFs were kind of an admission that bitcoin is here to stay,” Bailey said. “There’s no way that Hong Kong just accidentally stumbled into launching an ETF …

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Hong Kong introduces green finance taxonomy to boost city’s fundraising credentials

by Anas Siddiqui
Hong Kong introduces green finance taxonomy to boost city’s fundraising credentials

The Hong Kong Monetary Authority (HKMA) has issued a “green taxonomy” framework to help banks and investors determine the sustainability of economic activities, the de facto central bank’s latest effort …

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Hong Kong SMEs’ second-quarter business confidence shaky as consumer spending remains a concern

by Anas Siddiqui
Hong Kong SMEs’ second-quarter business confidence shaky as consumer spending remains a concern

Confidence among small and medium-sized enterprises (SMEs) in Hong Kong’s business climate has improved slightly, but it remains well below the year-earlier level when confidence soared on the back of …

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BYD’s first-quarter profit, deliveries slump as world’s largest EV maker reels from a bruising price war in China

by Anas Siddiqui
BYD’s first-quarter profit, deliveries slump as world’s largest EV maker reels from a bruising price war in China

BYD, the world’s largest electric-vehicle (EV) maker, reported a sharp fall in quarter-on-quarter profit after deliveries slumped by a third amid a bruising discount war in mainland China. Backed by …

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AIA new business value soars 27%, Hong Kong-based insurer adds US$2 billion to buy-back plan

by Anas Siddiqui
AIA new business value soars 27%, Hong Kong-based insurer adds US billion to buy-back plan

AIA Group posted a 27 per cent actual exchange-rate jump in new business value in the first quarter, led by growth in Hong Kong and mainland China, while announcing an …

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Hong Kong homebuyers, enticed by big discounts, snap up most flats on offer at Great Eagle’s Onmantin project

by Anas Siddiqui
Hong Kong homebuyers, enticed by big discounts, snap up most flats on offer at Great Eagle’s Onmantin project

As of 7pm, 220 of the 260 flats on offer at Onmantin were already sold, according to agents. The project recorded 7,500 orders from prospective buyers, or 28 times more …

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Hong Kong’s small businesses more confident of growth than their mainland China, Singapore peers, survey shows

by Anas Siddiqui
Hong Kong’s small businesses more confident of growth than their mainland China, Singapore peers, survey shows

Some 69 per cent of SMEs in Hong Kong see themselves growing in 2024, according to the Asia-Pacific (APAC) Small Business Survey 2023-24 carried out by accounting body CPA Australia, …

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