China’s nonperforming loan balance remains stubbornly high, according to China Cinda Asset Management, a company established to absorb China Construction Bank’s bad loans.
Business

China's NPL volume 'stubbornly high,' says bad bank Cinda

New distressed assets from non-financial intuitions rose over 40%

30 August 2017
Six-lane two-way street in central Hong Kong is virtually empty as Typhoon Hato, the strongest in five years, to hit the territory on Wednesday. (Photo by Kenji Kawase)
Politics

Typhoon Hato forces Hong Kong stock market closure

Highest warning level sees bourse shut all day, pro-democracy demo canceled

23 August 2017
Hong Kong government upgraded its full year growth forecast to 3~4% on solid private consumption. (Photo by Kenji Kawase)
Economy

Hong Kong paints rosier economic outlook for 2017

Healthy consumer spending raises confidence in faster growth

12 August 2017
Investors began trading through Hong Kong's Bond Connect link with the mainland debt market on July 3.
Economy

Fraser Howie: Don't expect much from China's bond market opening

Move comes as too little, too late for foreign players to have any real impact

10 August 2017
Flagship stores of luxury retailers in the commercial district of Central, Hong Kong. (Photo by Jennifer Lo)
Economy

Stagnant sales for Hong Kong retailers in June

Analysts expect a stronger second half thanks to Formula E races, mega events

2 August 2017
Investors began trading through Hong Kong's Bond Connect link with the mainland debt market on July 3.
Economy

Don't expect much from China bond market openings

Foreign involvement will make little difference at this sensitive, late point

1 August 2017
New chief executive Louisa Cheang, left, and CFO Andrew Leung, right, presented Hang Seng Bank’s results on July 31. (Photo by Joyce Ho)
Economy

Unexpected rise in profit send Hang Seng Bank shares up 2.6%

De-risking helped push loan impairment down and dividend up

31 July 2017
Hong Kong government announced on Tuesday to allow mainland Chinese authority to enforce national laws in West Kowloon Station, the terminus of the high-speed railway connecting Hong Kong and Guangzhou in southern China. (Photo by Nozomu Ogawa)
Economy

Hong Kong rail deal prompts 'One country, one system' fears

Chinese immigration and law enforcement officials to operate inside territory

26 July 2017
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Economy

Tough times ahead for Hong Kong: Henny Sender

City's failure to reinvent itself since 1997 handover leaves it vulnerable

25 July 2017
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Business

Tokyo leads in global patent filings

High concentration of big corporations underpins dominance

25 July 2017
Tourists in Kyoto. Visitors from the U.K., Italy and elsewhere in Europe stayed longer and spent more in Japan during the April-June period.
Economy

Tourists to Japan boosted spending 13% in April-June

Tally tops $8bn, reaching record as visitor numbers grow

19 July 2017
An elderly couple sit beside a lake in Beijing.
Business trends

China's housing for seniors 'faces oversupply risk'

Aging country needs home operators, not builders, says DBS

19 July 2017
Automated cranes and transporters move shipping containers in a port in Qingdao, China.
Finance

Blockchain can lift Asian trade over gaps in trust

Use of tamper-proof ledger technology could boost transactions, activity

13 July 2017
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Economy

ASEAN's manufacturing index comes in flat as demand wanes

Japan and South Korea get a dose of good news as activity picks up

6 July 2017
Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor speaks at the launch ceremony for the Bond Connect program. (Photo by Joyce Ho)
Economy

Bond-trading link opens pipeline to China's $9.6 trillion market

Access via Hong Kong offers investors top-end trading infrastructure

6 July 2017
A man takes a photo in Central, a business district of Hong Kong.
Economy

Michel Lowy: Asia's high-yield debt market will be tested

Investors increasingly edgy amid uncertain liquidity

6 July 2017
Indonesia was one of the Southeast Asian countries to log a contraction in manufacturing last month.
Economy

ASEAN manufacturing snaps 5-month growth streak

Bloc's PMI turns flat in June; spare capacity expected to hinder hiring

5 July 2017
Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor speaks at the launch ceremony for the Bond Connect program. (Photo by Joyce Ho)
Economy

Mainland-Hong Kong Bond Connect starts trading after Xi's visit

Program intends to lure international investors into China's $9.6tn bond market

3 July 2017
Taiwan’s New Power Party Chairman Huang Kuo-chang, at far right, and lawmaker from his party Kawlo Iyun Pacidal, second from left, were joined in by Hong Kong legislators Eddie Chu Hoi-dick, center, and Raymond Chan Chi-chuen, second from right, on June 12 in Taipei. (Photo by Kensaku Ihara)
Economy

Beijing's crackdown on Hong Kong is alienating Taiwan

'One country, two systems' was aimed at the island; now it has little appeal

1 July 2017