Chinese battery giant Contemporary Amperex Technology Limited (CATL) has made headlines again – this time for its US$4.6 billion debut on the Hong Kong stock exchange, the world’s largest initial public offering this year. CATL’s shares surged as much as 18 per cent, a signal of both investor confidence and the company’s carefully orchestrated industrial … Read more
The Chinese Ministry of Commerce has cautioned Hong Kong’s CK Hutchison Holdings to maintain “a clear understanding” of the situation and “act with prudence” after Li Ka-shing’s conglomerate pledged earlier this week that its Panama port sale would not violate any laws. A ministry spokeswoman made the remarks on Thursday after the conglomerate issued a … Read more
Hong Kong authorities have met with three universities competing to establish the city’s third medical school, with a minister co-chairing the task force pledging its assessments will be completed by the end of the year. Members of the government’s Task Group on New Medical School met with representatives from Baptist University, Polytechnic University and the … Read more
Hong Kong’s Tsim Sha Tsui district commanded the most expensive rental fees among the world’s retail markets last year, as luxury brands from Cartier and Dior to Tiffany kept their flagship stores running on the Kowloon peninsula, according to Savills. Prime retail rent in TST, as the area is called, was £17,132 (US$22,976) per square … Read more
Hong Kong must “gear up to fight a long battle” in the escalating trade war with the US by diversifying risks and accelerating brand upgrades, the city leader has said, citing views from local delegates to China’s top legislature and political advisory body. Chief Executive John Lee Ka-chiu hosted a closed-door seminar on Thursday at … Read more