Xinyi Glass net drops 31pc
Staff reporter Xinyi Glass (0868) saw its net profit drop 31 percent to 3.37 billion yuan (HK$3.60 billion) last year, mainly due to the significant drop of average sales price of the float glass. The company decreased its final dividend by nearly 73 percent year-on-year to 10 HK cents. Revenue fell…
New homes squeeze secondary sales
Staff reporter Hong Kong’s secondary market saw a decline over the first weekend following the release of the budget, with new home sales dominating the sector. The number of deals across the 10 blue-chip housing estates fell by 50 percent to six over the past weekend, hitting a four-week low,…
Market to fluctuate ahead of Two Sessions
Staff reporter and Bloomberg Hong Kong stocks are expected to fluctuate around 4 percent as Beijing’s top officials meet to discuss economic priorities this week. Both Hong Kong stocks and A-shares are expected to tilt towards positive sentiment amid high expectations for policy measures, said Kenny…
NWD to roll out Hangzhou offices amid AI boom
Cici Cao New World Development (0017) will roll out a grade A office building in tech-crowded Hangzhou this year to cash in on strong demand for premium commercial property in the Chinese city. The Front Tower office, valued at 1 billion yuan (HK$1.07 billion), is the only Grade-A office space…
Chinese car makers’ sales surge in February
Sales of Chinese electric vehicles rose last month as XPeng (9868) led the charge with a more than fivefold increase in sales. XPeng delivered 30,500 vehicles in the month, topping the 30,000 mark for a fourth consecutive month. Its peer BYD (1211) sold 322,846 cars, up 164 percent from the same…
Zelensky has to go back to the table
It came as no surprise that the minerals deal between the United States and Ukraine collapsed last Friday amid a war of words between US President Donald Trump, Ukrainian President Volodymyr Zelensky and US Vice President J D Vance at the White House. The Russia-Ukraine war has now evolved into a…
Xi urges head-on approach for China amid external threats ahead of annual two sessions
The Chinese president’s comments come after a high-level Politburo meeting focused on reviewing the government work report, which will lay out China’s economic growth target and key priorities for thi
Online auction of vehicle registration marks to be held from March 20 to 24
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Hong Kong Police Force conducts joint anti-terror and emergency response drill at Central Harbourfront
3rd March 2025 – (Hong Kong) On Sunday, 2nd March, the Hong Kong Police Force, in collaboration with the National Games Coordination Office (Hong Kong), the Fire Services Department, and the Hospital Authority, conducted a multi-agency emergency response and anti-terrorism exercise at the Central Harbourfront. This initiative aims to enhance the coordination and response capabilities […] The post Hong Kong Police Force conducts joint anti-terror and emergency response drill at Central Harbourfront appeared first on Dimsum Daily.
Why Hong Kong’s austere budget is hard for the public to swallow
With the bulk of cost-cutting aimed at the elderly, children, families and education, for the government to exempt itself is not a good look.
Hong Kong property: Winland’s 5 asset sales show more distress in store
Borrowers have asked to defer repayments amid declines in commercial property values and rents, according to Hang Seng Bank.
Zelensky remains open to minerals deal with U.S. despite tensions
3rd March 2025 – (London) Ukrainian President Volodymyr Zelensky affirmed on Sunday his readiness to proceed with a minerals agreement with the United States, despite a contentious meeting with President Donald Trump the previous week. Speaking to the BBC after a summit with Western leaders in London, Zelensky expressed his willingness to engage in “constructive […] The post Zelensky remains open to minerals deal with U.S. despite tensions appeared first on Dimsum Daily.
Hang Seng Index rises as HSBC surpasses HK$90 and automotive stocks gain
3rd March 2025 – (Hong Kong) Hong Kong’s stock market opened positively on the first trading day of March, with the Hang Seng Index rising by 193 points, or 0.84%, to reach 23,135 points. The Enterprise Index climbed 63 points, or 0.75%, to 8,480 points, while the Tech Index saw an increase of 63 points, […] The post Hang Seng Index rises as HSBC surpasses HK$90 and automotive stocks gain appeared first on Dimsum Daily.
“Ne Zha 2” achieves nearly US$18 million in North America, sets global box office records
Chinese animated blockbuster “Ne Zha 2” has garnered approximately $18 million after three weekends in North America, as reported by measurement firm Comscore on Sunday. The film secured seventh place at the North American box office in its third weekend, earning $2.94 million and bringing its total gross to $17.95 million. Marvel’s “Captain America: Brave […] The post “Ne Zha 2” achieves nearly US$18 million in North America, sets global box office records appeared first on Dimsum Daily.
Chinese ambassador Xie urges cooperation with U.S. at leadership summit
3rd March 2025 – (Bejing) On 28th February, 2025, Chinese Ambassador to the United States Xie Feng addressed participants via video link at the Duke-UNC China Leadership Summit. He highlighted the profound economic interdependence that has developed between China and the US over the past five decades, noting the increasing frequency of exchanges between their […] The post Chinese ambassador Xie urges cooperation with U.S. at leadership summit appeared first on Dimsum Daily.
Mixue shares jump 29% in Hong Kong trading debut as investors flock to milk tea vendor
Shares of the Zhengzhou-based company changed hands at HK$262 each when trading commenced in Hong Kong, 29.3 per cent higher than their offer price of HK$202.50.
Chief Executive John Lee to attend National People’s Congress in Beijing
3rd March 2025 – (Hong Kong) Hong Kong Chief Executive John Lee is set to depart for Beijing tomorrow, to participate in the opening meeting of the third session of the 14th National People’s Congress on 5th March. He will be accompanied by Carol Yip, Director of the Chief Executive’s Office. Mr Lee is scheduled […] The post Chief Executive John Lee to attend National People’s Congress in Beijing appeared first on Dimsum Daily.
