Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc, said that its revenue in January jumped 48.2% from a year earlier to a record high of T$660.4 billion ($22 billion), up 4.9% from previous month.
China should reaccelerate reforms such as tackling the shrinking labour force and weak productivity growth to maximise its economic potential, the IMF said on Friday.
Morgan Stanley has received regulatory approval to be the actual controller of its Chinese fund management firm Morgan Stanley Huaxin Fund Management Co Ltd, the China Securities Regulatory Commission said on Friday.
Hong Kong’s Centa-City Leading Index (CCL), a gauge of lived-in home prices compiled by Centaline Property, rose to 158.75, up 0.56% from the previous week, hitting the highest in nine weeks.Â
Chinese government policies aimed at stimulating property demand have been less effective than measures supporting property developers’ liquidity needs, rating agency Moody’s said in a report.
UBTech Robotics, a developer of humanoid robots backed by Tencent, has filed for an IPO on the Hong Kong Stock Exchange.
The average new home prices in China’s 100 major cities stood at 16,174 yuan per square meter in January, falling by 0.02% from the previous month, down for the 7th consecutive month.
Hong Kong leader John Lee unveiled a promotion campaign that will include 500,000 free flights to lure visitors, businesses and investors back to the city after more than three years of tough COVID-19 curbs.
Shares of Chinese property developer are sliding in Hong Kong, with Times China sliding more than 8% as of 3:43 pm local time, Midea Real Estate down 5.1%, KWG Group down 4.7%, China Jinmao down 4.4% and Country Garden down 3.6%.
China’s most-traded fuel oil futures contract on the Shanghai Futures Exchange, for May delivery, tumbled 5.1% to close at 2,606 yuan per tonne.
Chinese heavy equipment manufacturer Sany Heavy Industry said its 2022 net profit is expected to reach 4 – 4.6 billion yuan, slumping 66.76% – 61.77% from the previous year.
