Beyond Recovery: Hong Kong’s Next Economic Challenge

Chinese chip foundry CanSemi Technology’s Shenzhen initial public offering (IPO) is emerging as one of mainland China’s most sought-after tech listings this year, as investors bet on its push into silicon photonics and its role in domestic artificial intelligence infrastructure. The Guangzhou-based company’s retail tranche was oversubscribed by more than 2,300 times after clawback, according to a stock exchange filing late on Sunday, as investors scrambled for a piece of the domestic...

The Hong Kong government has appointed Bryan Chan Ping-keung, a former executive at bourse operator Hong Kong Exchanges and Clearing (HKEX), as CEO to lead the development and operation of the city’s new central clearing and settlement system for gold. Chan will head Hong Kong Precious Metals Central Clearing (HKPMCC), a wholly government-owned entity established in January to run the clearing system for precious metals. His appointment would take effect on October 2 for a three-year term,...

A rollback in public utility vehicle (PUV) fares is possible if fuel prices drop or stabilize in the coming months and a petition is filed, Land Transportation Franchising and Regulatory Board (LTFRB) Acting Chairman Greg Pua Jr. said Monday.

Philippine financial markets opened the week on a weak note, dragged down by rising global crude oil prices as the conflict in the Middle East remains unresolved.

The Department of Justice (DOJ), National Bureau of Investigation (NBI), and the Bureau of Customs (BOC) on Monday signed a memorandum of agreement (MOA) against economic sabotage.

China’s top intelligence and security agency on Monday issued a stark new warning on the risks of cryptocurrencies, highlighting their role in crime and stressing that transactions are not anonymous. Here are three things to know about the fresh warning from the Ministry of State Security (MSS) and China’s latest stance on virtual assets. What did the ministry say about cryptocurrencies? Virtual currencies facilitated money laundering activities and cyberattacks, and served as “accomplices” in...

Telecommunications firm Globe has posted its strongest network performance so far this year in August, recording its highest overall score and fastest average download speed in the latest Telco Report Card of the Department of Information and Communications Technology (DICT).

Overall vehicle sales declined in August due to adverse weather conditions, but the share of electric vehicles increased, a joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed.

Chinese electric vehicle (EV) maker Nio has deepened its partnership with Zhejiang Geely Holding Group after agreeing to sell a stake in its battery swap subsidiary to the automotive conglomerate in a deal that values the unit at 16 billion yuan (US$2.4 billion). Geely Holding, controlled by Chinese billionaire Li Shufu, would pay 640 million yuan in cash and contribute its wholly owned battery-swapping unit Yiyi Internet Technology in exchange for a 30 per cent share in Nio Power, Nio said in a...

Mainland Chinese stocks fell to their lowest level in 13 months on Monday as the sell-off in technology shares intensified amid concerns that elevated global capital costs and surging oil prices would curb risk appetite. Markets opened the week on a sombre note, with the CSI 300 Index dropping 2.2 per cent to close at a level not seen since August 21 last year. The chip-heavy Star Market 50 index tumbled 4.1 per cent, capping its steepest single-day decline in five weeks and closing in on the...

Overseas Filipinos have shown interest in the upcoming initial public offering of Mynt, the parent company of GCash.

Motorists will get a reprieve this week, as fuel retailers on Monday announced pump price rollbacks after three straight weeks of major hikes.