Midea Chairman and CEO Fang Hongbo, right, hits the ceremonial gong as the appliance maker's shares begin trading in Hong Kong on Sept. 17. (Photo by Kenji Kawase)
Markets

Midea shares rise 8% in Hong Kong after $4bn offering

Chinese appliance maker expands issuance as bourse leans on mainland companies

17 September 2024
A recent report published by the Economist Intelligence Unit says, "Singapore has solidified its position as an international financial center, benefiting from China's crackdown on the rival business hub of Hong Kong." (Source photos by Ken Kobayashi)
Finance

Singapore to 'mop up' finance business leaving Hong Kong: report

EIU says Japan and India also to benefit amid Chinese markets' challenges

16 September 2024
A man walks past an election banner of presidential candidate Namal Rajapaksa outside the Sri Lanka Podujana Peramuna (SLPP) party office near Colombo.
Your Week in Asia

Sri Lanka votes, Midea lists in Hong Kong, BOJ policy meeting

Your weekly lineup of Asia's biggest business and political events

15 September 2024
Cathay Pacific showed off a new category of business class seat in Tokyo on Friday. (Photo by Tomonori Washida)
Transportation

Cathay Pacific takes business class higher as airline seats go premium

JAL, other carriers also join trend of higher-price upgrades to keep pace with costs

14 September 2024
Chinese President Xi Jinping's books, in various languages, are displayed on the sidelines of a Belt and Road event in Hong Kong -- one of several international forums in the city this week. (Photo by Kenji Kawase)  
Hong Kong security law

Hong Kong hosts flurry of forums, cozying up to non-Western partners

U.S.-led democracies conspicuously absent as city woos mainland, ASEAN, Middle East

14 September 2024
New World Development, a property developer under the Chow Tai Fook umbrella, warned in August that it expected to log its first annual loss in two decades. (Photo by Masayuki Kozono) 
Property

Sibling succession race heats up at Hong Kong's Chow Tai Fook group

Chengs compete as key property unit New World Development sinks into red

11 September 2024
Ownership of crypto in Singapore dropped to 26% in 2024 from 30% in 2022, according to a recent survey. (Nikkei montage/Source photos by Akira Kodaka)
Cryptocurrencies

Singapore's crypto ownership falls amid selloffs, regulatory chill: poll

Nearly half of nonowners and past owners cite regulatory concerns as a barrier

10 September 2024
Alibaba converted its secondary listing in Hong Kong into a primary one to "tap into the southbound capital flows" from mainland China.
Markets

Alibaba jumps 5% in Stock Connect debut aimed at tapping China billions

E-tailer's shares outperform peers; some analysts question long-term impact

10 September 2024
The Epoch Times will stop publishing its print edition in Hong Kong but intends to maintain its website. (Photo montage by Suzu Takahashi)
Hong Kong security law

Falun Gong-backed Epoch Times to pull plug on Hong Kong printing

Washington renews warning to U.S. businesses in city, drawing official fury

9 September 2024
Chinese home appliance maker Midea is set to list in Hong Kong.
Markets

Midea's $3.45bn Hong Kong share offering met with Shenzhen selloff

Appliance maker seeks more funds but dilution, discount anger current investors

9 September 2024
All six ETFs, which made their market debuts in Hong Kong at the end of April, have posted negative returns as of the end of August. (Source photos by AP and Getty Images)
Market Spotlight

From Hong Kong to Singapore, crypto ETFs face chill

Market turbulence ahead of U.S. election weighs on digital asset funds

9 September 2024
The addition of Alibaba Group Holding in the Hong Kong Stock Connect could draw $12 billion in six months from the mainland, according to one estimate.
Equities

Alibaba's Hong Kong listing upgrade set to spur China money outflows

Stock Connect inclusion could draw billions of dollars into e-commerce group's shares

7 September 2024
People in Haiphong secure fishing boats as coastal Vietnamese areas brace for Typhoon Yagi. (Screenshot from Vietnam Television, VTV1)
Natural disasters

Supertyphoon Yagi forces Vietnam airport closures, including Hanoi

Supply chain and UNESCO tourism site hit, while Hong Kong stock market shut

6 September 2024
Hong Kong's skyline, with the International Finance Centre tower at center, developed by Henderson Land Development. (Photo by Ken Kobayashi)
Property

Hong Kong's major property developers suffer from revaluation losses

Reassessments eat into bottom lines as rents drop in weakening economy

5 September 2024
A pedestrian crossing in Hong Kong in June. Japanese business sentiment in the city has been in negative territory for more than two years. (Photo by Ken Kobayashi)
Hong Kong security law

Hong Kong economic, security pressures sour Japanese business sentiment

Survey shows deepening concern over personnel exodus and information restrictions

4 September 2024
An Airbus A350-1000 at the Singapore Airshow on Feb. 20. A part failed on one of Cathay Pacific's A350-1000 planes minutes after take-off from Hong Kong on Sept. 2.
Transportation

Cathay Pacific inspections find 15 A350s need new engine parts

Japan Airlines reaches out to Rolls-Royce about the components in its Airbus planes

4 September 2024
Exhibits inside the Hong Kong Museum of War of Resistance and Coastal Defense. (Photo by Kenji Kawase)
International relations

Hong Kong converts defense museum to focus on anti-Japan resistance

John Lee emphasizes WWII exhibits' role in today's 'patriotic education'

3 September 2024
Property developer New World Development's office tower, K11 Atelier King's Road, in Hong Kong. The company has flagged a loss of about $2.6 billion.
Property

New World Development shares tumble as Hong Kong property woes bite

Stock touches 21-year low after developer flags $2.6bn loss for latest year

2 September 2024
King's College London has refused to provide information about donations made to its Lau China Institute, the largest China research center in the U.K.
Education

Top London university urged to open up about China center funding

Academics call for donation reporting requirements over fears of undue influence

1 September 2024
Macao in June: Some mainland Chinese are believed to use casinos in Macao as a way to circumvent strict capital controls by Beijing. (Photo by Ken Kobayashi)
Politics

Macao casinos rake in revenue as authorities target money changers

Unlicensed services for gamblers seen as path to skirt Beijing's capital controls

1 September 2024
The Shenzhen-Zhongshan Link opened in June. (Photo by Shizuka Tanabe)
Economy

With 24 km bridge-tunnel link, Shenzhen tech hub set to sprawl further

Firms eye Zhongshan across river delta as site for future growth

31 August 2024
Chung Pui-kuen, former chief editor of the now-shuttered Stand News, leaves the district court on bail on Aug. 29 after being convicted of sedition, along with another editor and the publication's owner.
Hong Kong security law

Hong Kong's Stand News editors and owner convicted of sedition

Human rights groups condemn verdict under 1938 law as latest hit to press freedom

29 August 2024
NagaWorld in Phnom Penh. The NagaCorp casino group is saddled with a Vladivostok project that was put on ice due to the Ukraine war. (Photo by Masayori Ishikawa)
Media & Entertainment

Cambodia's NagaCorp 'open' to sale of stalled Russia casino

Chairman weighs all options as Vladivostok impairment charge tips group into red

28 August 2024
Taiwan-listed Asia Cement Corp, the majority shareholder of Asia Cement (China), wants to take the Hong Kong company private.
Equities

Shareholders of Asia Cement (China) reject main owner's offer

Taiwan-listed cement company privatization bid amid China's property woes

26 August 2024