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Search Result for “FINANCE”

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WORLD

China hands death sentence to ex-banker for taking bribes

South China Morning Post, Published on 29/05/2024

» BEIJING - A court in eastern China delivered a rare death sentence on Tuesday, after finding that a former senior banker accepted bribes worth more than 1.1 billion yuan (US$151 million) in his role with one of the country's top four state asset managers.

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GENERAL

China's durian prices drop as Vietnam fills Thai supply gap

South China Morning Post, Published on 22/05/2024

» BEIJING - Durian prices in China - the world's top market for the spiky, pungent fruit typically regarded as a luxury item - have fallen this month as Vietnam gains on Thailand in a heated export rivalry and consumers mind their budgets.

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WORLD

China reveals it executed scientist for spying in 2016 in documentary about 'shocking' cases

South China Morning Post, Published on 15/04/2024

» Authorities in Beijing have revealed that a Chinese scientist who was convicted in 2015 of selling state secrets to foreign spy agencies was executed in 2016, one of several "shocking" spy cases.

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WORLD

Concerns rise over China's 1 trillion yuan EV, solar, battery exports

South China Morning Post, Published on 24/02/2024

» BEIJING - China's 1 trillion yuan (US$139 billion) exports of electric vehicles (EVs), lithium batteries and solar cells could face a new round of challenges this year, as Western policymakers have reflected "genuine anxieties" about overcapacity distorting their markets.

WORLD

China, South Korea boast new economic exchanges to deepen collaboration in a time of geopolitical strife

South China Morning Post, Published on 16/11/2023

» China and South Korea have held a ministerial-level meeting to explore the possibility of closer economic cooperation, as analysts say the two Asian economic powerhouses have managed to rebalance economic ties.

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GENERAL

Chinese fintech giant Ant Group unveils own AI large language model, along with new Web3 brand, in push to expand presence in financial sector

South China Morning Post, Published on 10/09/2023

» Ant Group has launched its own large language model (LLM) - the technology used to train chatbots like ChatGPT - and a new Web3 brand targeting Hong Kong and overseas markets, as the Chinese fintech giant boosts its capabilities in generative artificial intelligence (AI) for the financial services industry.

WORLD

Husband of Hong Kong star Coco Lee to apply for inquest into her death to dispel rumours against him

South China Morning Post, Published on 07/08/2023

» The husband of late Hong Kong pop celebrity Coco Lee plans to turn to the Coroner's Court to seek an inquest into the cause of her death in a bid to dispel rumours, the Post learned on Monday.

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PROPERTY

When will Hong Kong property prices recover? Not any time soon

South China Morning Post, Published on 04/08/2023

» The extended weakness in Hong Kong's residential property market has been an unusual and unpleasant experience for many of us. Property turnover fell 40% last year with buyers waiting for price falls and sellers unwilling to sell at these prices.

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MOTORING

Chinese EVs smash monthly sales records

South China Morning Post, Published on 02/08/2023

» Three of China's top electric vehicle (EV) start-ups reported record monthly sales in July, as a release of pent-up demand in the world's largest market for battery powered cars continues.

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TECH

Billionaire co-founder of BYD uncertain about China's ability to create breakthrough tech on par with ChatGPT

South China Morning Post, Published on 18/07/2023

» Xia Zuoquan, a Chinese billionaire investor who made his fortune betting on the once tiny battery maker BYD, is less certain about China's ability to make big technological breakthroughs such as OpenAI's ChatGPT in the near future.