Business Recorder1h
China, HK stocks poised to end week higher, buoyed by AI rally
China’s blue-chip CSI300 Index climbed 1.7% by the lunch break, while the Shanghai Composite Index gained 1.3%. Hong Kong ...
Shenzhen government tightens control over Vanke with management changes, document shows
The government in the Chinese city of Shenzhen has made 10 new management appointments at China Vanke , according to an ...
China Market Update: No Winners In A Trade War
Asian equities were mixed overnight as the Philippines, Taiwan, and South Korea outperformed, Thailand underperformed, and ...
Hong Kong Economy Slows in 2024 as Spending, Property Weighs
Hong Kong’s economy grew at a slower pace in 2024 as stagnant consumption and a lackluster property sector weighed on ...
Despite Presale and Margin Weakness, Government’s Interference Is Conducive to Vanke’s Liquidity
Vanke’s net debt/equity ratio has risen to over 60%, which stays above those of main state-owned peers in the sector. With additional equity raised and short-term loans repaid, the net gearing and ...
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Tencent-Backed WeBank Eyes Web3 Expansion in Hong Kong – CWEB Reports
In a bold move to capitalize on the growing Web3 market, Tencent-backed (TME) WeBank has announced plans to expand its operations in Hong Kong, leveraging its subsidiary and a substantial war chest of ...
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WeBank’s Henry Ma outlines big plans for Web3 expansion in Hong Kong
WeBank shared its plans to tap into the expanding Web3 market in Hong Kong. According to reports, the Tencent-backed lender ...
Tencent-backed WeBank eyes Web3 expansion in Hong Kong amid city’s virtual asset push
WeBank chief information officer Henry Ma said the virtual bank will be "deeply involved" in developing Hong Kong's Web3 ...