6 d. ago China has a new 500 billion yuan ‘financial instrument’. How will it be used?

China’s top economic planner, the National Development and Reform Commission (NDRC), confirmed last month that Beijing was setting up a new “policy-based financial instrument” worth 500 billion yuan (US$70 billion). The special financing tool was first proposed in April – when trade tensions between China and the United States were rapidly escalating – to provide an extra injection of funding to accelerate domestic innovation and support the economy. It has the potential to drive trillions of...

Economics

1 week ago Hong Kong’s financing future hinges on adapting to China’s hi

This is the sixth and final part of the exclusive Capital Connectors series in which influential Chinese and global bankers reveal the opportunities and challenges for Hong Kong in its evolution as an international financial hub. If history serves as a guide, Hong Kong’s continued reign as a premier international financial centre depends on a time-tested formula: adapting to meet evolving needs, particularly in response to the development of China’s economy, according to Wang Lei, CEO of Huatai...

Politics

2 w. ago Hong Kong adds additional private residential plot in Northern Metropolis

An additional private residential plot will be added to a land parcel in Hong Kong’s Northern Metropolis to attract developers to invest in the economic hub near the border with mainland China, the city’s development chief has said. Secretary for Development Bernadette Linn Hon-ho said on Sunday that under a new set of laws tailored for the megaproject, construction hours might be extended to speed up work. Linn said in a televised interview that an area spanning more than 10 hectares (25 acres)...

Politics

3 w. ago Developing | China’s largest provincial economy Guangdong has new governor

Developing | China’s largest provincial economy Guangdong has new governor-in-waiting  South China Morning Post

Politics

3 w. ago CNYA: Betting On The Next Stage In China's Economic Development (BATS:CNYA)

CNYA: Betting On The Next Stage In China's Economic Development (BATS:CNYA)  Seeking Alpha

Economics

4 w. ago Geely drone subsidiary Aerofugia eyes Hong Kong market for AE200 flying car

A mainland Chinese drone manufacturer owned by a carmaking giant has revealed that it is eyeing Hong Kong as a future market for its flagship passenger-carrying flying car, as the city embarks on a new phase of developing its low-altitude economy. Aerofugia, a subsidiary of China’s second-largest carmaker, Zhejiang Geely Holding Group, said that Hong Kong’s traffic congestion, high-density urban core, and scattered outlying islands were not just challenges but unique advantages positioning the...

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