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Tencent shares fall 8% in Hong Kong

Chinese toymaker taps ‘kidult’ craze as shares soar on Hong Kong debut

Shares in Bloks Group, a maker of Transformers and other toy figurines, as much as doubled on their Hong Kong debut on Friday, making a billionaire of their founder and underlining the surge in ‘kidult’ culture despite falling birth rates in the world’s second-largest economy.

CNBC on MSN · 3d

Tencent shares fall 8% in Hong Kong after U.S. designates it a Chinese military company

Other Chinese companies added to the list included battery maker CATL, which is part of the supply chain for automakers like Ford and Tesla.

Wall Street Journal · 3d

Tencent Stock Falls After U.S. Adds WeChat Owner to 'Chinese Military' List

Shares in Tencent dropped, after the Pentagon added the social-media and videogaming company to its list of "Chinese military companies." Tencent said the addition was "clearly a mistake." Hong Kong-listed stock in Tencent fell more than 7%.

Sunac China shares plunge

Hosted on MSN · 13h

Developer Sunac China gets liquidation petition, Hong Kong judiciary website shows

A liquidation petition has been filed against indebted property developer Sunac China, the Hong Kong judiciary's website showed late on Thursday. The petition has been filed by a unit of asset manager China Cinda Asset Management,

Bloomberg L.P. · 1d

Developer Sunac China Receives Liquidation Petition in Hong Kong

Defaulted builder Sunac China Holdings Ltd. has received a liquidation petition in Hong Kong, according to the city’s judiciary website.

MarketWatch · 8h

Sunac China Shares Fall Sharply After Receiving Winding-Up Petition

Shares of Chinese property developer Sunac China tumbled after the company received a winding up petition as the country continues to struggle with its property sector downturn. Shares fell 24% to 1.33 Hong Kong dollars, or equivalent of 17 U.S. cents, on Friday's afternoon trading.

Country Garden, China

Reuters · 14h

China's Country Garden proposes deal to reduce offshore debt by $11.6 bln

Country Garden has proposed a deal to its offshore creditors that will cut its debt by $11.6 billion, paving the way for the property developer to seek more time from the high court in Hong Kong to implement a restructuring plan.

U.S. News & World Report · 1d

China's Country Garden Proposes Offshore Restructuring Deal

HONG KONG (Reuters) - Chinese property developer Country Garden said on Thursday it proposed a restructuring deal for its offshore debt, providing its creditors multiple options, including converting their debt into cash and maturity extension.

Bloomberg L.P. · 1d

Country Garden Proposes Restructuring Terms With Key Banks

Chinese developer Country Garden Holdings Co. proposed new terms with key banks that would slash its debt and lower borrowing costs, as the defaulted property firm inches toward an offshore restructuring.

China, Central Bank

The Wall Street Journal on MSN · 1d

China to Issue Central Bank Bills in Hong Kong Amid Weakening Yuan

The People’s Bank of China will issue central bank bills in Hong Kong next week, a tool that is typically used to stabilize the yuan’s exchange rate in the offshore market.

Reuters on MSN · 3h

China's central bank halts bond buying as yuan struggles

China's central bank suspended treasury bond purchases on Friday, briefly lifting yields and spurring speculation it is stepping up defence of the yuan currency which has been sliding since the election of Donald Trump as U.

The New York Times · 4h

China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy

The unexpected action is intended to tamp down a potential bubble in the bond market fueled by investors shunning riskier assets like stocks and real estate.

Christianity Today3h

In Hong Kong, One Pastor Ministers to a Gen Z Protester in Prison

Amid high rates of depression and anxiety among young people, Christian leaders boost efforts to address mental health ...

International Monetary Fund6h

People’s Republic of China—Hong Kong Special Administrative Region: Staff Concluding Statement of the 2024 Article IV Mission

Hong Kong SAR’s economy is on a path of gradual but uneven recovery after a protracted period of shocks. With continued economic slack and external and domestic headwinds, policies should be geared ...

1don MSN

Hong Kong Chinese stocks set to soar 21% in 2025, says HSBC

HSBC predicts a 21% rise in Hong Kong-listed Chinese stocks by 2025, driven by favourable policy shifts in mainland China.

HSBC Analysts See 21% Upside for Hong Kong-Listed Chinese Stocks

HSBC Holdings Plc is turning bullish on Chinese stocks listed in Hong Kong, touting them as beneficiaries of more “favorable ...

BroadwayWorld22h

Hong Kong Philharmonic Reveals January 2025 Lineup

The Hong Kong Philharmonic Orchestra will perform a series of concerts in January 2025. Learn more about the full lineup of ...

1don MSN

Chinese money rushes offshore via Hong Kong mutual funds

Chinese investors are buying up large amounts of Hong Kong mutual fund products that invest overseas, particularly bonds, ...

IMF Turns Less Upbeat on Hong Kong Growth With 2025 Forecast Cut

The International Monetary Fund lowered its forecast for Hong Kong’s economic growth this year and warned of the risks Asia’s ...

Outspoken economist Gao Shanwen leaves his Hong Kong financial firm: source

Gao’s license in Hong Kong lapsed at the end of last month, and he is no longer working at a financial firm in the city, SFC ...

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