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BUSINESSAug 18British businesses see expanding opportunities in China consumer marketBritish businesses are identifying expanding opportunities within the China consumer market. This indicates potential for growth in international trade relations.thailand-business-news.com · Thailand
BUSINESSAug 18Chinese treasury futures launch cements Hong Kong as premier yuan hubWhen the Hong Kong stock exchange launched five-year China government bond futures on August 3, it did more than simply expand the city’s derivatives product suite. As the only China government bond futures in the offshore market, the contract deserves attention as it finally gives international investors an exchange-traded tool to hedge against yuan interest rate exposure, strengthening Hong Kong’s ability to price yuan assets, manage risk and serve global investors. The launch comes as the...South China Morning Post
BUSINESSAug 18Hong Kong’s dim sum bond market hits new heights as State Grid deal draws record ordersHong Kong’s offshore yuan bond market has seen another record-breaking deal – the largest single issuance by a Chinese state-owned enterprise – underscoring the growing appeal of the city’s dim sum bond market. State Grid Corporation of China raised 14.9 billion yuan (US$2.2 billion) through offshore yuan-denominated bonds, known as dim sum bonds, according to a statement on Monday from Bank of China, which acted as a joint global coordinator for the deal. The offering comprised 3.9 billion yuan...South China Morning Post
BUSINESSAug 18Iron Ore : Vale Rises as China Steel Data Lifts MinersVale's stock price has increased following positive steel data from China, which is boosting the mining sector. This indicates a positive market trend for iron ore and related companies.riotimesonline.com · Brazil
BUSINESSAug 18Google plans to shift all Pixel production out of China by 2027 - reportSeeking Alpha Tech
BUSINESSAug 18Chip boom prompts Moody to lift Korea growth to 3 . 5 % A boom in the chip industry has prompted Moody's to revise Korea's growth forecast upward to 3.5%.koreaherald.com · South Korea
BUSINESSAug 18Paymentology Powers GoTyme Bank Apple Pay Launch in the PhilippinesPaymentology is enabling GoTyme Bank to launch Apple Pay services in the Philippines. This development integrates a major mobile payment system into the bank's offerings for its customers.businessdayghana.com · Ghana
BUSINESSAug 18‘Not worth the squeeze’: global private equity makes zero deals in ChinaFirms avoid new equity investments as Beijing tightens scrutiny of foreign capital in sensitive sectorsFinancial Times
BUSINESSAug 18How Hong Kong infrastructure, AI firms are tapping Malaysia’s growth prospectsHong Kong infrastructure and artificial intelligence (AI) firms are well placed to capitalise on a surge of expansion opportunities in Malaysia, but unlocking this potential will require cultural sensitivity and adapting to local market dynamics, industry insiders have said. The remarks follow the recent opening of Hong Kong’s new Economic and Trade Office in Kuala Lumpur to bolster bilateral ties, coinciding with Malaysia’s New Industrial Master Plan 2030, which aims to advance the country’s...South China Morning Post
BUSINESSAug 18Can Indonesia build on rising EV demand to become a production powerhouse?Indonesia’s next electric-vehicle push will test whether President Prabowo Subianto can turn rising demand, nickel wealth and consumer subsidies into an integrated domestic industry that captures more value at home, or merely make imported and locally assembled EVs cheaper to buy. Analysts warn that without stricter local-content rules and stronger links between nickel processing, battery production and vehicle assembly, the incentives risk reinforcing Indonesia’s role as a large EV market...South China Morning Post
BUSINESSAug 17'Absolutely crazy': Here's what South Korean stock investors are doing in U.S. marketsSouth Korean stock investors have made 'absolutely crazy' bets as they flee their home market, while global investors pile in.CNBC
BUSINESSAug 17America , Not China , Is World Energy SuperpowerAn analysis suggests that America, not China, is the world's leading energy superpower. This discusses global energy dominance from an economic perspective.theepochtimes.com · United States
BUSINESSAug 17Is Hong Kong’s property market recovery running out of gas? UBS flags 4 risksThe Hong Kong property market’s recovery is forecast to moderate in both prices and rents in the coming months as disruptions brought about by artificial intelligence, slower population inflows and other factors are likely to impact the upturn, according to UBS. The Swiss investment bank said that in addition to AI and slower population growth, the city’s residential market could also be affected by the deepening integration of the Greater Bay Area, as well as incoming supply of new homes in the...South China Morning Post
BUSINESSAug 17Opatra London distances itself from Hong Kong firm over deceptive sales allegationsUK-based beauty chain Opatra London has distanced itself from a Hong Kong distributor accused of using “deceptive sales practices”, even after the local branch said it offered to refund about a quarter of a HK$60,000 (US$7,650) shopping bill on skincare products. The company said on Monday night that it deeply regretted if any customers had a “distressing experience associated with our brand”, and revealed it had initiated an independent review of the local distributor. The move came after local...South China Morning Post
BUSINESSAug 17Hong Kong exchange extends CEO Bonnie Chan’s term for 3 more yearsHong Kong Exchanges and Clearing (HKEX) has extended the tenure of CEO Bonnie Chan Yiting for another three years amid the bourse’s aggressive push to enhance its international competitiveness. The tenure of the 57-year-old Chan, the first woman to serve as CEO of the city’s exchange operator, will be renewed from March 1, 2027, to February 28, 2030, according to an exchange filing on Monday evening. “Bonnie has led HKEX Group with vision, purpose and distinction,” said Carlson Tong, HKEX...South China Morning Post
BUSINESSAug 17Global expats , entrepreneurs tap Hong Kong for solid career prospectsGlobal expatriates and entrepreneurs are reportedly utilizing Hong Kong for strong career prospects. This indicates a positive trend in the region's professional and entrepreneurial opportunities.theuknews.com · United Kingdom
BUSINESSAug 17China starts first regular container service through Arctic : Why it mattersbusiness-standard.com · India
BUSINESSAug 17China Now Supplies a Quarter of Kenya ImportsChina now accounts for a quarter of Kenya's total imports. This highlights a significant increase in trade dependency and economic ties between the two countries.riotimesonline.com · Brazil
BUSINESSAug 17China’s pharma contractors rally as US supply chain pressures face industry resistanceChina’s pharmaceutical contractors are showing financial resilience in the face of Washington’s push to curb reliance on Chinese supply chains. Analysts said investors were bullish because the US government’s recent measures to curb Beijing’s rise as a global pharmaceutical supplier had met resistance from industry players reluctant to give up China’s cost advantages. Hong Kong-listed shares of WuXi AppTec, Asia’s largest provider of contract pharmaceutical research, gained 3 per cent on Monday...South China Morning Post
BUSINESSAug 17Hong Kong’s sports sector in 2024 helped generate extra HK$46b in valueHong Kong’s sports sector helped to generate an extra HK$46 billion (US$5.9 billion) in value for the economy in 2024, the year local athletes clinched two gold and two bronze Olympic medals, with a lawmaker calling for targeted policies to build on that success. The Census and Statistics Department on Monday released an analysis of contributions to Hong Kong’s economy by sports and related activities in 2024, including the operation of facilities, manufacturing and retail, tourism and...South China Morning Post
BUSINESSAug 17China’s economy cools amid debate about risks of global crisisChina’s retail sales growth trailed expectations, the pace of industrial output expansion slowed and a drop in investment worsened as its economy struggled to regain pace at the start of the second half of the year. July retail sales rose by 0.6 per cent, missing the 1.3 per cent expectation among economists polled by financial data provider Wind, and slowing from June’s 1 per cent rate. Industrial output rose by 4.5 per cent, trailing the 4.9 per cent forecast and June’s 5.3 per cent pace,...South China Morning Post
BUSINESSAug 17CXMT tops 4 trillion yuan as AI-fuelled memory rally lifts China’s chip championShares of ChangXin Memory Technologies (CXMT), China’s leading DRAM maker, jumped 12 per cent on Monday to close at a record 61.80 yuan (US$9.16), lifting its market capitalisation to 4.13 trillion yuan and extending its lead as China’s most valuable listed company. The Hefei-based chipmaker first overtook Hong Kong-listed Tencent Holdings on Thursday as China’s most valuable listed company, when CXMT’s market value reached about 3.54 trillion yuan. It had already become the most valuable...South China Morning Post
BUSINESSAug 17Hong Kong tourist arrivals up 3% in July as bad weather curbs mainland growthHong Kong recorded about 4.5 million visitor arrivals in July, up 3 per cent from a year earlier, as major international conventions boosted business travel while bad weather weighed on growth from mainland China, according to the Tourism Board. The board said on Monday that a series of major international meetings, incentives, conventions and exhibitions (MICE), including the 108th Lions International Convention and the technology exhibition LEAP East, helped drive an increase in business...South China Morning Post
BUSINESSAug 17China’s property recovery is fragile, but ignoring it is a mistakeGlobal commercial real estate investment markets are roaring back to life. In the first half of this year, direct investment in commercial property rose 27 per cent in annualised terms. The sharpest increase was in the Asia-Pacific, where transaction volumes were up 38 per cent to US$92.5 billion, the strongest half-yearly performance on record, according to data from JLL. While there have been many positive surprises in Asian real estate since the eruption of the Covid-19 pandemic, the...South China Morning Post