39 h. ago HSBC reviews Singapore insurance unit amid focus on high growth in Hong Kong, mainland

HSBC Holdings’ exploration of options for its insurance business in Singapore may lead to a sale of the unit as the group reallocates resources to its insurance business in Hong Kong and mainland China, according to analysts. “It makes sense for HSBC to consider an exit from Singapore’s insurance market to focus on Hong Kong and mainland China, as so many mainlanders are coming to Hong Kong to buy insurance products here,” said Kenny Tang Sing-hing, chairman of the Hong Kong Institute of...

Politics

39 h. ago HSBC reviews Singapore insurance unit amid high growth focus on Hong Kong, mainland China

HSBC Holdings’ exploration of options for its insurance business in Singapore may lead to a sale of the unit as the group reallocates resources to its insurance business in Hong Kong and mainland China, according to analysts. “It makes sense for HSBC to consider an exit from Singapore’s insurance market to focus on Hong Kong and mainland China, as so many mainlanders are coming to Hong Kong to buy insurance products here,” said Kenny Tang Sing-hing, chairman of the Hong Kong Institute of...

Politics

54 h. ago Washington completes first sale of Venezuelan oil in US$500 million deal, says US official

The United States has finalised a sale of Venezuelan oil – the first since Washington took control of the sector following the toppling of Nicolas Maduro, a US official told Agence France-Presse on Thursday. According to the official, who did not identify the buyer, the deal is worth US$500 million, and additional sales could take place in the coming days or weeks. “President Trump brokered a historic energy deal with Venezuela, immediately following the arrest of narcoterrorist Nicolas Maduro,...

Economics

5 d. ago China's PV retail sales exceed 23.74 million units in 2025, is 2026 under heavy pressure?

China's PV retail sales exceed 23.74 million units in 2025, is 2026 under heavy pressure?  Gasgoo

Economics

7 d. ago Nio ES8's Dec sales of 22,258 units propel it to China's best

Nio ES8's Dec sales of 22,258 units propel it to China's best-selling large SUV  CnEVPost

Politics

1 week ago Autozi and China Auto Maintenance Parts Alliance Forge Strategic Partnership, with an Annual Sales Target of $200 Million

Autozi and China Auto Maintenance Parts Alliance Forge Strategic Partnership, with an Annual Sales Target of $200 Million  Yahoo Finance

Economics

1 week ago December roundup of major joint ventures and partnerships: China FAW takes a stake in Leapmotor; Two century

December roundup of major joint ventures and partnerships: China FAW takes a stake in Leapmotor; Two century-old auto giants forge a strategic partnership  Gasgoo

Politics

2 w. ago Denmark to buy US$1.8 billion in US patrol planes despite rift over Greenland

The United States said on Monday it had approved a US$1.8 billion sale of patrol aircraft to Denmark, despite renewed tension after an envoy of US President Donald Trump called again for seizing Greenland. The State Department said it approved a request from Denmark to buy the P-8A patrol and reconnaissance system from Boeing, which will include up to three aircraft. The sale will “support the foreign policy goals and national security objectives of the United States by improving the security of...

Economics

2 w. ago China’s FAW buys US$534 million stake in Leapmotor as EV firm sees deliveries jump in 2026

Stellantis-backed Zhejiang Leapmotor Technology has become the first Chinese electric vehicle (EV) manufacturer to receive investment from a state-owned enterprise amid the strong popularity of its affordable intelligent cars. FAW Group, mainland China’s oldest carmaker, has agreed to acquire a 5 per cent stake in the Hong Kong-listed EV assembler for 3.74 billion yuan (US$534 million) by buying an additional 74.8 million shares at HK$55.29 apiece, according to a stock exchange filing by...

Economics

2 w. ago China’s oldest carmaker FAW buys US$534 million stake in EV assembler Leapmotor

China’s oldest carmaker FAW buys US$534 million stake in EV assembler Leapmotor  South China Morning Post

Economics

2 w. ago China's Leapmotor targets annual sales of more than 4 million units in a decade

China's Leapmotor targets annual sales of more than 4 million units in a decade  Reuters

Economics

2 w. ago PLA holds drills around Taiwan in warning to ‘independence forces’ after US arms deal

The People’s Liberation Army kicked off drills around Taiwan on Monday that it called “legitimate and necessary” to safeguard national unity, soon after Washington approved the largest-ever arms sale to Taiwan. Senior Colonel Shi Yi, a spokesman for the PLA’s Eastern Theatre Command, said the exercise was a warning to “independence forces” and against external interference. He said the drills – dubbed Justice Mission 2025 – were taking place in waters and airspace in the Taiwan Strait and areas...

Events

3 w. ago China sanctions 20 United States defense companies and 10 executives over massive arms sales to Taiwan

China sanctions 20 United States defense companies and 10 executives over massive arms sales to Taiwan  The Journal Gazette

Events

3 w. ago Swire Properties sells 2 Deep Water Bay homes for US$283 million in biggest deal in years

Activity in Hong Kong’s ultra-luxury residential market is picking up, with Swire Properties selling two homes in Deep Water Bay for a whopping HK$2.2 billion (US$283 million). The two three-storey units at 6 Deep Water Bay Road had saleable areas of about 9,600 sq ft and 5,300 sq ft, with the transactions set to be completed in the first quarter of 2026, the developer said. Both units were acquired by the same buyer. On a per square foot basis, the deal works out to HK$147,010, “one of the...

Economics

3 w. ago US bars approvals of new models of China’s DJI, all other foreign drones

The Federal Communications Commission said on Monday it is adding China’s DJI, Autel and all foreign-made drones and components to a list of companies determined to pose unacceptable risks to US national security and will bar approvals of new types of drones for import or sale in the United States. The addition to the FCC’s “Covered List” means that going forward, DJI, Autel and other foreign drone companies will not be able to obtain FCC approval to sell new models of drones or critical...

Events

4 w. ago Beijing Hyundai ELEXIO Faces Critical Sales Shortfall: Only 1,059 Units Sold Against 35,000 Target

Beijing Hyundai ELEXIO Faces Critical Sales Shortfall: Only 1,059 Units Sold Against 35,000 Target  Korean Car Blog

Economics