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China’s exports fell in October amid a volatile trade war with the United States – though recent high-level talks between the world’s two largest economies have since eased tensions. Advertisement Outbound shipments fell 1.1 per cent year on year to US$305.35 billion last month, customs data showed on Friday. The figure was lower than September’s 8.3 per cent increase – a six-month high – and fell short of the 2.84 per cent growth forecast by Chinese financial data provider Wind. Imports in October stood at US$215.28 billion, rising 1 per…

Talks between the Chinese and South Korean leaders have renewed diplomatic momentum, but what happens next could hinge on how Seoul balances its relations with Washington, according to analysts. Advertisement A lighthearted exchange before their state banquet drew media attention. After Xi presented Lee with a gift of two Chinese Xiaomi smartphones with South Korean-made displays, Lee quipped: “Is the communication line secure?” Xi laughed and smiled, then pointed at the phones and said: “You should check if there’s a back door” – preinstalled software that could be used to…

Hong Kong and mainland China will continue to be the growth engine for asset-management companies as both local and international investors are starting to shift from holding cash to investing in equities and bonds in the region, according to the top boss of US fund house Invesco. Advertisement “There is a trend of redistribution of people’s portfolios, as they are looking for value opportunities, which are showing up in emerging markets, equity, emerging-market debt and global equities,” said Andrew Schlossberg, president and CEO of Invesco, in an exclusive interview on…

The dream of hosting the 2036 Summer Olympic and Paralympic Games is within reach for Hong Kong and the Greater Bay Area development zone. But dreams alone do not win the games. They are realised through bold vision, strategic planning and timely action. Advertisement We now stand at a pivotal moment. The International Olympic Committee (IOC) has announced a temporary halt to the Olympic host bidding process to allow its new president, Kirsty Coventry, time to review and refine the selection framework. This pause presents a valuable window of opportunity…

China’s real estate investment trust (C-Reit) is poised to grow by 30 times to become a US$1 trillion industry in the next 20 years – a transition borne out of several factors, including declining home sales – which is expected to benefit select mainland developers, according to Morgan Stanley. Advertisement Following 25 years of property growth, primarily focused on the residential segment, mainland developers are increasingly weaning off from building projects that would yield one-time profits, the US investment bank said in a report on Thursday. The trend reflects how…

Chief Executive John Lee Ka-chiu is scheduled to speak in a fireside chat on Friday during the third Family Business Summit in Hong Kong, as the city burnishes its role as the offshore fundraising hub and ‘superconnector’ between the Chinese mainland and the rest of the world. Advertisement The speech is the highlight of the conference, curated by the South China Morning Post and Blue Pool Capital, with UBS as the presenting partner. The attendees – by invitation only – comprise about 150 private business owners from the US, Europe,…

This year marks half a century of formal diplomatic relations between China and the European Union as well as the 25th anniversary of the founding of the European Union Chamber of Commerce in China. Here, Shi Jiangtao looks at how the relationship has been affected by Trump 2.0 and accompanying ups and downs of US-China ties, and global conflicts. Advertisement In an era defined by intensifying US-China rivalry, the European Union often finds itself pulled in opposite directions by the competing giants, caught in trade wars, technological decoupling and the…