Asian Investors represented more than 17 per cent of qualified foreign investor activity on the Saudi Exchange’s main market in the first quarter.
The autonomous driving start-up plans to launch the L4-capable FlashBot in Shanghai this year, followed by other tier-one mainland cities. It is also seeking tie-ups in Hong Kong, Europe and North America.
The Warren Buffett-backed carmaker posted first-quarter net profit of 4.57 billion yuan (US$631 million), 47.3 per cent lower than the quarter ended December 2023.
CICC cuts pay amid brutal business environment as a sluggish economy and dismal IPO volumes hurt the financial services sector.
Hong Kong stocks extended gains amid expectations the latest measures announced by Chinese authorities will broaden the investor base
Asia looks ready to turn a corner in quarterly earnings growth this results season. Here are five key themes to watch as the report cards roll in over the next few weeks.
The HSBC Global Investment Summit will be the largest such conference in the city, filling the void left by Credit Suisse, which last held its flagship event in March 2023 before its eventual demise.
Monetary authority announces a nine-point plan that offers reassurance about access to credit relief amid market rumours of loans being called early.
Bocom paints resilient picture for year ahead despite posting slower profit growth and warning about challenges from property sector.
AIA Group’s new sales in Hong Kong and mainland China continued to grow in the first two months of the year, indicating strong momentum from last year is carrying over in its two major markets, according to its top boss.
Hong Kong-listed firms have been involved in US$4 billion worth of take-private deals already in 2024, compared with US$1.2 billion for the whole of last year, with investors often dismayed by poor valuations.
Blockchain is shaking up the financial sector and, given the popularity of bitcoin exchange-traded funds, regulators will need to step up their game when it comes to consumer protection and oversight, says the president and chief executive of fund manager Franklin Templeton.
The country’s second-largest developer has assured investors it has the funds in place to repay its outstanding offshore debts coming due soon, as its shares and bonds tumbled amid rumours about liquidity distress.
Hong Kong-listed firms have seen a notable rise of female representation on boards driven by regulation, but they still lag regional peers when it comes to women in key executive roles, according to MSCI.
A consortium led by state-owned Sinopharm has revived a take-private bid for China-TCM, the Hong-Kong-listed drug maker said on Wednesday, valuing it at US$2.96 billion.
A three-day winning run in the Year of the Dragon has come to an end as tech stocks paced losses. China’s central bank maintained its policy rate, while the Hang Seng Index membership stayed at 82 in the latest review.
The SFC warned it may delist two companies formerly headed by Alvin Chau because of concerns about a US$116 million sale of assets in Russia.
‘Hong Kong stocks posted positive returns in the past four Years of the Dragon,’ finance chief Paul Chan said on the first trading day of Lunar New Year, citing China’s improving economy and potential rate cuts as possible catalysts.
The Shenzhen-based developer slumped 37 per cent to close at the lowest level since its 2009 listing as the market resumed trading after the Lunar New Year break, extending a slump in the past year to 76 per cent.
The Japanese tycoon is currently worth US$15.1 billion, compared with US$11.3 billion at the end of last year. Son is benefiting from Arm’s rally because he owns roughly a third of SoftBank, which holds 90 per cent of the UK chip designer.
Private markets firm HarbourVest sees investment opportunities in Asia driven by demand generated by China’s declining demographics and uptick in retail spending, as well as trends like the reshuffling of global supply chains.