58 h. ago China parades statecraft and hardware as world faces ‘critical’ choices

China crowned a busy week of grand diplomacy with a spectacular military parade on Wednesday, sending a message to the world that it has the determination and strength to champion a multipolar global order as geopolitical challenges rise. Flanked by Russian President Vladimir Putin, North Korean leader Kim Jong-un and leaders from 26 countries, President Xi Jinping gave a keynote speech on top of the Gate of Heavenly Peace in Beijing to commemorate the 80th anniversary of the war against...

Events

2 w. ago Facing Trump pressure, US Fed chair hints at rate cut, but offers no timeline

Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy. In a high-profile speech that will be closely watched at the White House and on Wall Street, Powell said that there are risks of both rising unemployment and stubbornly higher inflation....

Politics

2 w. ago Hang Seng Bank’s CEO buys Tai Hang flat as city’s home prices rise

The executive director and CEO of Hang Seng Bank has bought a home in Hong Kong’s Tai Hang district, joining a growing coterie of financiers on the hunt for high-value residential property that has helped to drive the city’s lived-in home prices to a five-month high. A lived-in flat measuring 1,193 sq ft (110.8 square metres) at Flora Garden was handed over on Wednesday to Diana Ferreira Cesar, according to the Land Registry. The unit was transacted for HK$26.6 million (US$3.4 million), or...

Economics

2 w. ago Hang Seng Index News: Will Powell’s Speech or Beijing Drive the Next Market Move?

Hang Seng Index News: Will Powell’s Speech or Beijing Drive the Next Market Move?  FXEmpire

Politics

2 w. ago Hang Seng Index News: Extended Tariff Truce and Beijing Yield New 2025 High – Weekly Recap

Hang Seng Index News: Extended Tariff Truce and Beijing Yield New 2025 High – Weekly Recap  FXEmpire

Politics

3 w. ago China’s Xi Jinping calls for ‘no delay’ in private sector protection

In another show of support for China’s private sector, Beijing has released the details of a speech from President Xi Jinping which included vows the country would guarantee a level playing field for private firms, safeguard entrepreneurs’ lawful rights and interests, and step up efforts to solve their long-standing challenges, including overdue payments. The full address, delivered in February to a group of China’s leading entrepreneurs, had not been made available to the public before Friday,...

Politics

3 w. ago Innogen’s shares almost quadruple in Hong Kong trading debut

Shares of Guangzhou Innogen Pharmaceutical Group soared on their Hong Kong debut, buoyed by strong investor appetite for China’s pharmaceuticals sector, which has enjoyed rising valuations and solid performance. Trading under the stock code 2591, Innogen’s shares first changed hands at HK$72 on Friday, almost four times more than the initial public offering (IPO) price of HK$18.68 despite a declining market. The city’s benchmark Hang Seng index opened almost 1 per cent lower. “We are taking a...

Politics

3 w. ago Innogen Pharmaceutical’s shares soar in Hong Kong trading debut

Shares of Guangzhou Innogen Pharmaceutical Group soared on their Hong Kong debut, buoyed by strong investor appetite for China’s pharmaceuticals sector, which has enjoyed rising valuations and solid performance. Trading under the stock code 2591, Innogen’s shares first changed hands at HK$72 on Friday, almost four times more than the initial public offering (IPO) price of HK$18.68 despite a declining market. The stock closed at HK$57.25, while the city’s benchmark Hang Seng Index fell 1 per...

Politics

4 w. ago Hong Kong stocks surge on China’s surprisingly strong July exports

Hong Kong stocks extended gains into a fourth day on Thursday, as a strong reading on China trade data bolstered hopes that the world’s second-largest economy would sustain growth momentum throughout the year. The Hang Seng Index rose 0.5 per cent to 25,041.03 at the noon break, adding to an aggregate 1.6 per cent gain over the past three days. The Hang Seng Tech Index also rose by 0.5 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both added 0.1 per cent. Alibaba...

Politics