Asia Pacific

Finance, wealth and ... slavery? Hong Kong one of Asia’s worst for forced labour

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.

Oct 31, 2016 9:06 AM Read more >

Chinese court orders Paramount Pictures to pay ¥2 million compensation over Transformers: Age of Extinction dispute

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.

Oct 31, 2016 8:50 AM Read more >

China central bank set yuan’s fixing rate at the weakest level in six years

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.

Oct 31, 2016 8:46 AM Read more >

Record 400 billionaires from mainland China in Forbes rich list

Wang Jianlin, chairman of Dalian Wanda Group, retains No. 1 spot in the latest Forbes list of China’s richest, which this year identifies a record 400 billionaires and billionaire families from the mainland, up from 335 a year ago.

Oct 27, 2016 9:24 AM Read more >

Li Ka-shing sells Shanghai complex for US$2.95 billion while yuan takes a tumble

Tycoon Li Ka-shing has sold a Shanghai office and retail complex to a company majority owned by China Life Insurance Co for 20 billion yuan ($2.95 billion), paring his investment on the mainland while the yuan has taken a tumble.

Oct 27, 2016 8:57 AM Read more >

China’s economy posts 6.7% third-quarter growth

GDP expands at same rate as in previous two quarters, but headwinds are on the horizon

Oct 25, 2016 3:06 PM Read more >

Hong Kong’s Swire set to release flats of just 142 square feet in size for rent

Swire Properties, the luxury residential and grade-A office builder, has become the latest developer to join the tiny flat frenzy in Hong Kong, after releasing its latest project in Wan Chai with units as small as 142 square feet.

Oct 25, 2016 2:50 PM Read more >

Chinese property market sees effects of cooling measures just weeks after record price gains

Chinese housing prices softened in October after a new wave of government cooling measures, but analysts say concerns about an unsustainable property market continue.

Oct 25, 2016 6:00 AM Read more >

GM gets new capacity to tap buoyant China SUV segment

General Motors will launch its second production line in Wuhan, China, during the first half of next year, adding a much-needed capacity to meet the growing demands for sport utility vehicles (SUVs) in the world’s largest vehicle market. The 7.

Oct 25, 2016 6:00 AM Read more >

China’s Xiongmai Tech admits product flaws contributed to cyberattack on U.S. sites

Chinese company Hangzhou Xiongmai Technology has admitted that its webcam and digital video recorder products were partially responsible for a cyberattack against several major Internet sites last Friday, as experts called for stronger cybersecurity

Oct 24, 2016 9:01 AM Read more >