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...Additional reporting by Cheng Leng in Hong Kong...
...Marjorie Holmes, shipping and competition lawyer at law firm Reed Smith, said the UK’s decision could influence other maritime hubs like Singapore and Hong Kong, which have similar exemptions for shipowners...
...“Still, the fate of China’s chip industry and its technological development in the coming years will depend on these production lines by SMIC.”...
...Smartphone maker Xiaomi already has test cars rolling off production lines at its newly built factory complex on the outskirts of Beijing....
...“It is always inevitable that Hong Kong would contract as a port,” said Tim Huxley, chair of Hong Kong-based shipping investment company Mandarin Shipping. “Manufacturing moved elsewhere....
...“Clearly the assets in this part of the world have suffered,” he said, noting falls for China-related companies listed in Hong Kong — particularly in the tech sector....
...The Hong Kong-listed shares of the three big airlines have fallen between 37 and 45 per cent over the past year, against the backdrop of a nearly 29 per cent drop in the benchmark Hang Seng index....
...Country Garden in February said a winding up petition had been brought against it in Hong Kong for failing to repay a $205mn loan....
...Flagging demand and increasing competition in its home market, as well as the timing of Chinese new year, saw BYD sell 300,114 battery-only vehicles in the March quarter, a Hong Kong stock exchange filing...
...Cathy Hsu, a professor at Hong Kong Polytechnic University, said that “before the number of Chinese-built ships reaches a critical number, western cruises will still dominate in terms of carrying capacity...
...Additional reporting by Eleanor Olcott in Hong Kong...
...HSBC also said in April 2021 that it would move four of its most senior bankers to Hong Kong....
...Finnish police said on Friday evening it was focusing on Newnew Polar Bear, a Hong Kong-registered container ship, as its movements coincided with the time and place of the damage....
...Locals call it the “Container Bar” because it’s in a converted shipping container that’s located in a car park in Chinatown....
...Shenzhen’s plans come as concerns grow globally that China’s car industry has vastly overbuilt domestic capacity and that many of the cars rolling off domestic production lines will flood into western markets...
...That came weeks after China’s commerce ministry and eight other agencies in February announced plans to support the “healthy development” of the country’s overseas EV expansion, including co-operating more...
...Meanwhile, Michael Fitzgerald, deputy chief financial officer of Orient Overseas Container Line, part of China’s state-owned Cosco shipping group, said efforts by companies to reduce their dependence on...
...“The scale [and] the weight of China means it is easy to overexaggerate the impact of ‘China plus one’,” said Michael Fitzgerald, deputy finance chief of Orient Overseas Container Line, a Hong Kong-headquartered...
...However, Michael Fitzgerald, deputy chief financial officer at the Hong Kong-listed shipping group Orient Overseas Container Line, said earlier this month that the glut at Chinese ports had eased “over the...
...Evergrande, the world’s most indebted developer, faces a winding up hearing in Hong Kong at the end of the month....
...Evergrande faces a liquidation hearing in a Hong Kong court on October 30....
...The Hong Kong group’s 198 warehouses helped Maersk double the number of sheds it owned that year....
...As Zhang of Huanghe Science and Technology University says: “Technology is advancing fast . . . car production lines built four or five years ago don’t carry much utility value.”...
...During 2021, the SEC agency responsible for audit checks was “unable to inspect or investigate completely registered public accounting firms headquartered in mainland China and Hong Kong”, the Lotus filing...
...He co-wrote an essay last month in Foreign Policy titled “America can’t stop China’s rise. And it should stop trying.”...
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