State-owned company plans to be first to use Gotion High-Tech’s solid-state batteries when they start mass production, chairman Yin Tongyue says.
The Securities and Futures Commission has warned of a fraudulent crypto trading platform called Quantum AI, a long-time scam that uses deepfakes of Elon Musk.
Chinese electric vehicle (EV) maker Nio plans to stay on the sidelines amid a bruising price war in the sector, even after it launched a new mass-market brand to target budget-conscious consumers.
Facilities capable of producing 70,000 to 100,000 tonnes of green methanol from leftover food will be ready by the end of 2025, Shi Pingyang, vice-president of Shenergy, told reporters on Wednesday.
Bridgewater Associates, the world’s biggest hedge fund slashed its holdings drastically in the first quarter in a move may have been too hasty and caused it to miss out on the recent bull run.
HBGL, which operates Huobi HK, has withdrawn the licence application for unspecified reasons, requiring it to close the crypto exchange under the city’s virtual asset regulations.
The private bank has increased its headcount, mainly relationship managers and senior bankers, by 15 per cent this year. It sees Hong Kong, Singapore and Dubai as stepping stones to expand its business.
Hong Kong is missing out on an office investment boom in the Asia-Pacific region this year as a supply glut and high vacancy rates put investors off the segment, according to analysts.
Hong Kong’s market regulator has warned the public to beware of a suspected investment scam in which fraudsters claim they are trying to raise the funds to relaunch one of the city’s iconic nightclubs.
The small-business financing platform co-founded by former HKEX chief Charles Li Xiaojia said it is asking staff to invest in the start-ups it backs, confirming an online article that sparked widespread discussion on social media.
Prohibitive tariffs await Made in China electric vehicles bound for the US. Can the nation’s producers keep growing their sales and brand awareness without making inroads into the US and European markets?
Starwood Capital Group, one of the largest real estate investors worldwide, is part of a consortium of shareholders proposing to take Asian warehouse developer ESR Group private.
Police in China’s northeastern Jilin province made the arrests in connection with a scheme that sent US$296 million to South Korea.
The flagship developer of tycoon Li Ka-shing has slashed the price of some of the remaining flats at its project in the Northern Metropolis by almost a third compared with when it was first launched in 2021.
The incentives will inject a dose of optimism and confidence in the capital markets, enhance cross-border trading schemes and boost the yuan, tax experts say.
China has begun to test paying some state employees through its digital currency, but the trial is not making much impact in the e-CNY’s adoption as most quickly and automatically switch their salaries to cash.
A mix of mainlanders and international visitors showed up at Bitcoin Asia amid surging interest owing to a crypto bull market and recently launched ETFs.
The era of battery-powered cars has truly arrived, as EVs dominated the car show. While carmakers still displayed a lot of futuristic concepts, it was the ongoing price war that had people talking.
Harvest CEO Han Tongli said he ‘doesn’t rule out’ applying to get the spot crypto ETFs on the Stock Connect scheme as long as ‘everything goes smooth’ in the next two years.
Guangzhou-based carmaker also aims to sell right-hand-drive models in Hong Kong, Thailand, Singapore and Malaysia, as an escalating price war in mainland China squeezes profit margins.
Hong Kong Exchanges and Clearing, which runs the third-largest stock exchange in Asia, sees more listings from the Middle East and mainland China as market sentiment turns bullish, according to its CEO.