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Hong Kong stocks rose for a second day on Tuesday, buoyed by the festive mood and investor optimism that the gains will extend into the next year.The Hang Seng Index rose 0.2 per cent to 25,852.50 at 11am local time, adding to the 0.2 per cent gain in the previous session. The Hang Seng Tech Index fell 0.5 per cent. On the mainland, the CSI 300 Index climbed 0.5 per cent and the Shanghai Composite Index gained 0.3 per cent.Leading the pack, logistics firm ZTO Express Cayman advanced 1.3 per cent to HK$167.20, and Hong Kong Exchanges & Clearing rose…
Hong Kong stocks rose for a second day on Tuesday, buoyed by the festive mood and investor optimism that the gains will extend into the next year.The Hang Seng Index rose 0.2 per cent to 25,852.50 at 11am local time, adding to the 0.2 per cent gain in the previous session. The Hang Seng Tech Index fell 0.5 per cent. On the mainland, the CSI 300 Index climbed 0.5 per cent and the Shanghai Composite Index gained 0.3 per cent.Leading the pack, logistics firm ZTO Express Cayman advanced 1.3 per cent to HK$167.20, and Hong Kong Exchanges & Clearing rose…
The success of the government’s Hong Kong Investment Corporation (HKIC) in establishing an ecosystem for start-ups to raise funds has put a damper on the Christmas plans for employees of some local venture capital (VC) firms.“After partnering with the HKIC, the number of deals we are working on this year has tripled compared to last year,” said David Chang, founder and CEO of leading VC firm MindWorks. He added that 2025 was one of the busiest years for the firm since its establishment 11 years ago.“I have told some of my staff that they will not have Christmas holidays as…
Three in four multinational corporations (MNCs) operating in mainland China have maintained or increased their investments in 2025, according to a recent KPMG survey, despite Washington stepping up efforts to decouple from Beijing and its allies following suit.The survey published on Monday, polling 137 senior executives from global companies operating in the world’s second-largest economy between June and September, revealed that only 1 per cent reported preparing to exit the market. About 20 per cent said they may reduce investment, while the rest had yet to decide.Companies planning to expand said they would pursue greenfield investment, mergers and acquisitions or…
Three in four multinational corporations (MNCs) operating in mainland China have maintained or increased their investments in 2025, according to a recent KPMG survey, despite Washington stepping up efforts to decouple from Beijing and its allies following suit.The survey published on Monday, polling 137 senior executives from global companies operating in the world’s second-largest economy between June and September, revealed that only 1 per cent reported preparing to exit the market. About 20 per cent said they may reduce investment, while the rest had yet to decide.Companies planning to expand said they would pursue greenfield investment, mergers and acquisitions or…
South Korea’s rival political parties are set to appoint special prosecutors to investigate allegations that the Unification Church bribed and lobbied politicians across the ideological divide, a rare move that observers have said could test the country’s constitutional separation of religion and politics.On Monday, the ruling Democratic Party of Korea (DPK) said it would accept a proposal from the conservative opposition People Power Party (PPP) for the team of special prosecutors to investigate the church’s alleged political influence.The decision marks a turnaround for the DPK, which has previously opposed the idea, and reflects growing public pressure to launch an inquiry…
As 2025 draws to a close, it marks an important milestone in the reconfiguration of the global economic system. Every century is defined not only by changes in technological leadership and shifts in global power, but also by the restructuring of the global financial system. The 20th century was the century of the US dollar, but with the arrival of the 21st century, the contours of the global macroeconomic system have begun to change.A recent International Monetary Fund study, “Playing with Blocs: Quantifying Decoupling”, examines how global trade is being reorganised between two emerging blocs centred on the United States…
LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) has introduced the SME Registration Portal (SMERP) as a key initiative, aimed at strengthening transparency and enhancing convenience for Small and Medium Enterprises (SMEs). SMERP facilitates online registration of SMEs and issuance of SMEDA SME Size Certificates through a fully digital process with minimal human interaction, ensuring transparency, efficiency, and ease of access for businesses across the country. The portal has been designed to develop a comprehensive and reliable SME database, which will support research, evidence-based policy formulation, and effective alignment of government interventions with the needs of SMEs. To further…
ISLAMABAD: A Chinese energy expert has warned that the rapid expansion of decentralized solar power in Pakistan is placing additional pressure on the national grid and increasing costs for consumers who cannot afford solar systems. Prof. Dr Yixian Sun from the University of Bath, UK, said Pakistan has spent over USD 10 billion on solar imports without capturing industrial or economic spill-overs. He stated this at the launch ofthe policy report, titled “From Solar Boom to Green Industrialization: Policy Pathways to Localizing Solar Value Chains in Pakistan,” by the Sustainable Development Policy Institute (SDPI) in collaboration with the University of…
ISLAMABAD: Md. Iqbal Hussain Khan, High Commissioner/Ambassador of Bangladesh, called on Rashid Mahmood Langrial, Chairman, Federal Board of Revenue (FBR). During the meeting, both dignitaries reaffirmed the long-standing and historic brotherly relations between Pakistan and Bangladesh and agreed to enhance bilateral trade and strengthen mutual economic cooperation. It was also agreed that technical teams from both countries dealing with the International Taxes will discuss the existing Double Taxation Treaty in line with evolving global standards. Currently, a high-level delegation of the National Board of Revenue (NBR), People’s Republic of Bangladesh, is on a five-day official visit to Pakistan from 22nd…