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...“When we go to a new market, it is not about making quick profits or taking money away,” Jing said at an event in Singapore in November....
...At a Shanghai store run by Chagee, a popular milk tea brand that allows customers to order at a discounted price of Rmb16 on a WeChat app, Jing Li, 30, was buying a set of takeaway drinks for her colleagues...
...“Quants in general make money by exploiting market anomalies,” said Wang Qi, chief investment officer for wealth management at UOB Kay Hian in Hong Kong....
...Insurance group Prudential’s new business profit rose by about 45 per cent to $3.1bn last year, as its core business in Hong Kong continued to recover from the impact of coronavirus restrictions....
...Additional reporting by Cheng Leng in Hong Kong...
...US’s state department said it was “alarmed” by the sweeping new law, while Lord David Cameron, the UK’s foreign minister, said the law would make it harder for those who do business in Hong Kong....
...A representative from a western business chamber said it was “concerning” that Hong Kong was increasingly mirroring mainland China in prioritising national security....
...Hong Kong’s benchmark Hang Seng index was flat. Ecommerce giant JD.com’s Hong Kong-listed shares rose more than 8 per cent after revenues exceeded analysts’ expectations....
...Hong Kong lawmakers have also actively courted crypto exchanges....
...In Hong Kong, a city that is adapting to life under a Beijing-imposed national security law and introducing its own version of it, global companies are bringing in practical barriers to doing business....
...While top local officials have said they met no opposition from foreign businesses and consulates in the city in closed-door meetings, many western governments and business chambers representatives have...
...Alibaba’s Hong Kong shares lost 6.6 per cent despite announcing a large share buyback as revenue from the company’s previously dominant domestic ecommerce business missed expectations amid increasingly fierce...
...The New Zealand Institute of Economic Research’s business confidence index is published. Corporate results: Chinese communications company Hytera announces earnings....
...Today, Hong Kong continues to be a nexus of capital and innovative business practices despite its evolving landscape....
...AIA Group reported strong growth in new business from rising sales in Hong Kong last year, but the company’s net profits fell short of estimates....
...He also warned that average daily turnover in Hong Kong’s stock market had remained low in the new year, “suggesting risk for further earnings cut”....
...Rival AIA Group last week also reported an 82 per cent jump in the value of new business in Hong Kong, supported by the return of mainland Chinese visitors....
...She added that the exchange would benefit from incoming chief executive Chan’s “extensive capital markets experience and her excellent understanding of HKEX’s business and competitive landscape”....
...Ed Tang, who co-runs the advisory business Art-Bureau out of Hong Kong, New York and London, is of a similar mind....
...The chief executive of the Hong Kong Monetary Authority has dismissed calls from lawmakers for Hong Kong’s de facto sovereign wealth fund to boost investment in the tumbling domestic stock market....
...South Korea publishes the results of its business survey for April. Australian inflation data for February is due....
...Throughout February; Lantern Carnival, February 24; further information here March Art Art Basel Hong Kong, Hong Kong Convention & Exhibition Centre The Hong Kong edition of the international art fair...
...“Such provisions could further damage Hong Kong’s standing as a global hub, one that is open for business,” he said....
...Today is World Consumer Rights Day, which China is expected to mark with a televised “315 Gala” in which undercover reporters expose poor business practices....
...Economic indicators: China announces data on lending and Japan’s finance ministry publishes a first-quarter business sentiment index for large manufacturers....
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