Asia Pacific

A Shanghai building decked out like a large pink layered cake appears to have got on the wrong side of authorities after officials ordered the decoration to be taken down just one day after it was put up.

China’s state-run plane manufacturer said it was in talks with Russia to develop and build a widebody commercial jet that can break the duopoly long held by Airbus and Boeing in civilian aircraft.

Transport authorities in China’s biggest cities are still struggling to reach consensus on final rules to regulate car-hailing services after draft regulations issued by the government a month ago sparked fears that they may suffocate the flourishing

China’s real estate market is on track to stabilise despite the risk that any further tightening measures could hurt developers and cause a sharp fall in home sales, according to Moody’s analysts.

A backlog of suspicious financial transactions in Hong Kong’s banking industry was named as the reason for a dramatic upsurge in reports of money laundering.

Hong Kong should intensify its ­efforts to attract skilled immigrants, especially from the mainland, as the population will shrink by 2039 if immigration policies go unchanged, a high-profile local think tank says.

Beyond all the talk of cooling down the credit-driven housing bubble in China, experts say the situation in the nation’s largest cities still comes down to basic supply-and-demand mathematics.

Hong Kong, a city commonly associated with finance and wealth, has one of the highest proportions of people enslaved across Asia, a new report has found.

The US film producer of the hit Hollywood film Transformers: Age of Extinction has been ordered by a Chinese court to pay compensation of about 2 million yuan (HK$2.3 million) to a Chinese tourist resort over a dispute involving product placement.

The People’s Bank of China has set the mid-price of the yuan at 6.7858 on Friday morning, the weakest level in more than six years, extending the currency’s depreciating trend since early October.