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The State Council of the People's Republic of China plans to turn Hong Kong and 10 neighboring cities located in the area of the Pearl River Delta into a global center for technology, innovation and economic activity. The South China Morning Post has introduced readers to the five strategic directions of this plan. The project, called the Big Bay Area, provides for closer integration between mainland China, Hong Kong and Macau. The key role in it is assigned to Hong Kong, Macao, Shenzhen and Guangzhou, which will be integrated into the innovation and financial center on the same principle as the objects of Silicon Valley and Tokyo Bay, with which they will be able to compete.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
KYC Policy