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China Evergrande's ex-CEO sells Hong Kong home at almost half of purchase price

China Evergrande's former CEO, who Chinese regulators recently said was "uncontactable", has sold his home in Hong Kong at a loss of HK$74 million ($9.48 million) from the purchase price, according to a property agent. Xia Haijun last month sold a 2,834 net sq ft (263 sq m) five-bedroom duplex flat in North Point Mid-Levels district on Hong Kong island for HK$82 million, said Gary Lam, a senior sales director at real estate agency Centaline. Xia, who stepped down from the embattled Chinese developer in 2022 after an internal probe found he was involved in diverting loans worth $2 billion secured by unit Evergrande Property Services to the group, bought the flat from New World Development in 2019, according to records from the Land Registry. ....

Canada , Victoria-harbour , Ontario , Hong-kong-island , Hong-kong-general , Hong-kong , North-point , China , Canadian , Chinese , Xia-haijun , Hui-ka-yan

Shanghai Technology Exchange to open Hong Kong branch as China boosts digital economy

The outpost will enable Chinese firms to acquire know-how from overseas entities and raise funds, chairman Xie Jihua said. ....

Shenzhen , Guangdong , China , Yangpu , Shanghai , Singapore , Tongji , Sichuan , Hong-kong , Chinese , Hong-kong-digital-asset-exchange-hkbit

A Watershed Moment for PricewaterhouseCoopers-- Beijing Review

A Watershed Moment for PricewaterhouseCoopers-- Beijing Review
bjreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bjreview.com Daily Mail and Mail on Sunday newspapers.

Guangdong , Jilin , China , Hong-kong , Guangzhou , Chinese , Big-four , People-insurance-co , World-trade-organization , Deloitte , Evergrande-group

Quant trading rules to boost confidence

Chinese regulators' prompt supervision of quantitative trading will help narrow the gap between programs and individual investors in terms of technology, access to information and speed, thereby boosting the confidence of A-share investors and sustaining the stability of the market in the long run, according to market mavens. ....

Hong-kong , Shanghai , China , Beijing , Shenzhen , Guangdong , Wenbo , Shanxi , Chinese , Zhang-wangjun , Wenbo-fund , China-securities-regulatory-commission-on

Opinion | The sceptics say Hong Kong is over. China's trajectory says otherwise

Opinion | The sceptics say Hong Kong is over. China's trajectory says otherwise
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China , Shanghai , New-york , United-states , United-kingdom , Hong-kong , Singapore , Chinese , Americans , American , British , Justin-yifu-lin