Guangdong province reports 6.3% economic growth in 2019

Guangdong Province, one of the country’s economic powerhouses, estimated its gross domestic product rose around 6.3% to surpass 10.5 trillion yuan (around $1.52 trillion) in 2019.

Fashion label maker SML explores $500 million sale

SML Group Ltd., a closely held garment label maker for fashion brands and retailers globally, is exploring a sale of the business which could fetch about

HK pins hopes on trade, finance to restore economy

Hong Kong’s government is usually eager to play up the city’s resilience in the face of economic calamity, like the bounce-back after the Asian financial crisis

Chow Tai Fook to shut down about a fifth of its HK stores

Chow Tai Fook Jewellery Group Ltd. said it plans to shut about 15 of its Hong Kong stores after their leases expire this year, in a

Yum China to work with CICC, Goldman on HK Listing

Yum China Holdings Inc. is working with China International Capital Corp. and Goldman Sachs Group Inc. on the preparations of a second listing in Hong Kong, fueling the

Human Rights Watch boss says he was barred from Hong Kong

The executive director of campaign group Human Rights Watch said that he was prevented from entering Hong Kong, where he intended to release a report critical of the Chinese government. Kenneth

HK police watchdog finds ‘many shortcomings,’ report says

An investigation by Hong Kong’s police watchdog into the conduct of the city’s officers throughout recent unrest has revealed “many shortcomings,” the Hong Kong Economic Journal reported. The 300-page report from

Xinhua perspective | Pro-police actor remains firm after targeted by rioters

For TVB actor Mat Yeung, handshakes and photo-taking with fans at his soup restaurant in Wan Chai are common occurrences. But not until recently has Yeung seen a surge in

Hong Kong Property scion says social housing a top priority

Adam Kwok, the young executive with the keys to Hong Kong’s largest property empire, sees tackling the city’s housing crisis as a top priority. Kwok’s family

HK group cuts rents as protests slam retail, tourism

Hong Kong-based real-estate and aviation group Swire Pacific Ltd. has been cutting some rents in the city, where months of violent protests choked off business for retailers and

HK peg architect slams ‘naive’ BoE 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

HK’s first digital bank offers 6% rate that dwarfs HSBC’s

The first of Hong Kong’s new generation of digital banks has announced its arrival with a 6% introductory rate for deposits. ZA Bank Ltd.,

HSBC kicks off sale process for French retail business

HSBC Holdings Plc has kicked off the sale of its French retail operations, part of a push by interim Chief Executive Officer Noel Quinn to cut

Anti-establishment symbols unite, divide HK protesters

Trump signs, Pepe the Frog graffiti and British and American flags have become a common sight at Hong Kong’s anti-government protests — and an unsettling one to longtime democracy activists

Hong Kong | Finance minister pledges bold spending to boost growth

Hong Kong’s government is preparing to spend “boldly” to shore up the finance hub’s tumbling economy, Financial Secretary Paul Chan said in an exclusive interview. Warning that unemployment is set to

Briefs | Guangzhou reports better air quality

  Guangzhou, capital of Guangdong Province, saw better air quality last year, the city’s ecology and environment bureau said this week. The average concentration of PM2.5 was 30 micrograms per cubic

BYD intends to increase production of solar panels in Brazil

Shenzhen-based BYD intends to significantly increase the production of solar panels in Brazil in 2020, in response to demand from the local market, said the director of

Pearl River sets freight volume record

The freight volume of south China’s Pearl River exceeded 1 billion tonnes in 2019, setting a new record, second only to that of Yangtze River in China,

Hong Kong | United takes $90 million charge on demand drag

United Airlines Holdings Inc. is taking a $90 million (HKD700 million) non-cash charge in the 2019 fourth quarter to account for a steep drop in demand for

Disney faces pressure to help ease HK housing crisis

Walt Disney Co. is the latest company under pressure to help alleviate Hong Kong’s housing woes that have been partly blamed for months of unrest in the semi-autonomous

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