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China's industrial output up 7% in Jan-Feb

China's value-added industrial output, an important economic indicator, went up 7 percent during the January-February period of 2024, data from the National Bureau of Statistics showed Monday (March 18).

HK's status as financial hub strong as ever, says JPMorgan COO

JPMorgan will continue to invest in Hong Kong, the city where it has been doing business for a century, betting that it can bounce back from economic downturns and live up to its potential as the financial center of the world's second-largest economy.

Cathay Pacific to hire 5,000 more employees this year

Cathay Pacific said Wednesday (March 13) that it plans to hire 20 percent more staff, or 5,000 people, this year to cope with demand, after it posted a profit for 2023, first time since 2019.

China's auto exports up over 30 percent in first two months

China's auto exports surged 30.5 percent year on year to 822,000 units in the first two months of this year, data from the China Association of Automobile Manufacturers (CAAM) showed Monday.

Bitcoin hits record above $72,000 as demand frenzy intensifies

Bitcoin hit a record high on Monday above $72,000, as the biggest cryptocurrency's surge showed no signs of slowing down.

Hong Kong peg architect slams 'naive' Bank of England report

The Bank of England should apologize for a report which warned of risks resulting from fund outflows in the wake of Hong Kong's protests, according to one of the architects of the city's exchange rate system.

With over 30 years in China, DBS Bank eyes China's long-term opportunities

With more than 30 years of operations in China, the Singapore-based DBS Bank is eyeing long-term opportunities in the country, especially in the Greater Bay Area (GBA), CEO of DBS China Ginger Cheng said in a recent interview.

China's CPI up 0.7% in February

China's consumer price index (CPI), a main gauge of inflation, edged up 0.7 percent year on year in February, official data showed on Saturday (March 9).

Opinion | Here's how China can stop a TikTok theft

The TikTok Merry Go Round is back. Republican politicians have never quite got past their mass hysteria over the viral Chinese social media application and their demented obsession with banning it. Now, equally unhinged Representative Mike Gallagher has introduced a "bill" which he claims would effectively force China to sell TikTok to an American owner for it to continue to operate, and it will face a ban if it refuses to comply.

ACCA HK connects EU sustainability leaders to prepare local professionals for global practices

ACCA (the Association of Chartered Certified Accountants) Hong Kong hosted a Fireside Chat on 5 March, bringing together influential standard setters and sustainability leaders to discuss the EU Corporate Sustainability Reporting Directive (CSRD), which sets the legal framework of a broadened scope of reporting obligations since early 2023, and the European Sustainability Reporting Standard (ESRS), which sets out the roadmap for compliance and will apply from 1 January 2024 as required by the CSRD, with the first ESRS-compliant report to be published in 2025.

GSMA's China chief opposes fragmentation of 6G standards

GSMA opposes the fragmentation of 6G standards and will leverage international platforms including the Mobile World Congress (MWC) to advocate for unified standards, the association's Greater China chief Sihan Bo Chen said in an interview.

Two Sessions 2024 | China's grain output hits record high in 2023: minister

China's grain output hit a record high of 695.4 million tonnes last year, with per capita grain possession standing at 493 kg, higher than the internationally recognized grain security line of 400 kg, Minister of Agriculture and Rural Affairs Tang Renjian said Tuesday.

Two Sessions 2024 | China aims to expand domestic demand, improve business environment

China will integrate its strategy to expand domestic demand with efforts to deepen supply-side structural reform, according to a government work report submitted to the national legislature for deliberation on Tuesday.

HK property sales dip 27.5% in Feb

The Land Registry recorded 3,189 sale and purchase agreements for all building units received for registration in February, down 27.5% compared with January and 46.7% lower year-on-year.

US Fed officials eye rate cuts later this year amid 'bumpy' inflation

U.S. central bankers are looking through recent data showing price pressures rebounded last month, and are focusing instead on overall progress on inflation that they say will likely set the table for interest-rate cuts later this year.
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