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Watch This | FS continues to explore business opportunities for Hong Kong in Riyadh, Saudi Arabia

The Financial Secretary, Mr Paul Chan, and a delegation had their second day of visit in Riyadh, Saudi Arabia, yesterday (October 30, Riyadh time). In the morning, Mr Chan attended the listing ceremony for the first exchange-traded fund (ETF) in Saudi Arabia that invests in Hong Kong stocks at the Saudi Exchange. This product results from the collaboration between Albilad Bank of Saudi Arabia and Hong Kong's CSOP Asset Management Limited.

China's Double 11 Shopping Festival sees explosive overseas growth

This year's "Double 11" shopping festival in China has kicked off earlier than usual, with overseas sales showing impressive growth. Notably, new consumers from Singapore and Hong Kong have doubled compared to last year.

DDN Business Insider | Go global in changing environment: How can Chinese enterprises fit in overseas local markets?

As pressure continues to mount from the United States, Chinese technology companies now face numerous challenges in expanding into the U.S. market. The outcome of the 2024 U.S. presidential election is also expected to have far-reaching effects on Sino-U.S. economic relations. In this complex and changing international environment, how should Chinese companies react to it, and how can they find new opportunities in adversity?

China's privately offered funds hit 19.64 trln yuan by end-September

The value of China's privately offered funds stood at 19.64 trillion yuan (about 2.76 trillion U.S. dollars) at the end of September, industrial data shows.

HSBC HK joins Mainland's worldwide interbank RMB payment system

As demand for RMB transactions continues to grow, HSBC Holdings has joined the Mainland's Cross-Border Interbank Payment System (CIPS). The bank, which considers Hong Kong its largest market, stated that by joining CIPS, it will play an essential role in meeting the increasing client demand for solutions that facilitate RMB transactions.

DDN Business Insider | Internationalize RMB: 2024 Policy Address leads to new paradigm for HK's gold industry

On October 16, Chief Executive John Lee delivered his third policy address with an array of measures to develop an international gold trading market, which aims to support the internationalization of the RMB and to optimize the securities market. What impact will these new measures have on Hong Kong? What advantages does Hong Kong possess in facing these opportunities?

China willing to carry out more intellectual property cooperation with other countries: vice premier

China is willing to carry out more pragmatic and mutually beneficial cooperation with other countries in the field of intellectual property to benefit more countries and peoples, said Chinese Vice Premier Zhang Guoqing.

HK aims to expand gold trading sector to boost financial influence

Financial Secretary Paul Chan said on Sunday gold trading in Hong Kong has great room for growth amid global market developments, and building up the SAR's market is of great strategic significance.

1-minute News | Huawei's triple-folding smartphone causes frenzy

Huawei's triple-fold smartphone Mate X has been sold out instantly in three days, causing a sensation with over four million pre-orders. By September 19th, that number skyrocketed to nearly seven million units.

1-minute News | Hong Kong to cut liquor duty rate

John Lee, chief executive of the Hong Kong Special Administrative Region (HKSAR), said on Wednesday that starting today, the duty rate for liquor with an import price of over 200 HK dollars (25.74 U.S. dollars) will be reduced from 100 percent to 10 percent for the portion above 200 HK dollars.

Policy Address 2024 | Strengthening HK's role as global offshore RMB hub

Hong Kong Chief Executive John Lee's third Policy Address reaffirms the city's role as a leading international financial center, ranking third globally and first in the investment environment. The government will continue to implement reforms to further strengthen this status.

DDN Business Insider | Positive signals show after NDRC & Ministry of Finance take actions: Will upward trend continue?

Last week, the National Development and Reform Commission (NDRC)and the Ministry of Finance held press conferences in succession. On October 12th, the Minister of Finance Lan Fo'An stated that a comprehensive policy package will be launched soon. With policies strengthening continuously, what changes can we expect in the market? Will the stock market rise sustainably? What factors will influence this?

HK's CEPA Amendment: New opportunities for businesses and professionals in the mainland market

Following signing the Second Agreement on the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) Agreement on Trade in Services, Financial Secretary Paul Chan addressed the media, highlighting the benefits of the newly amended agreement for Hong Kong businesses and professionals.

China's property market sees 'turning point' thanks to new stimulus policies, Shenzhen sees 24% increase in new home sales

In an effort to boost the economy and stabilize the property market, China introduced a comprehensive set of "policy combinations" last month. These measures have sparked a significant rebound in mainland and Hong Kong stock markets while driving property market activity in cities such as Beijing, Shanghai, and various cities across the Greater Bay Area.

China's market hits best day with RMB3.5 tn in Stocks Traded

Mainland stocks soared more than 10 percent at the open on Tuesday as traders resumed a blistering rally after a week-long break hoping for more economy-boosting measures from Beijing, which unveiled a slew of stimulus last month.
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