“Today, we have a perfect example and story of a company born and raised in Hong Kong, which expanded into the Greater Bay Area and now has a very successful global footprint,” Chan said during a panel discussion after the signing. Hong Kong’s Chief Executive John Lee Ka-chiu, who announced the establishment of HKIC in
Thanks to investments from leading Chinese companies, including Contemporary Amperex Technology Limited (CATL) and BYD, Hungary is becoming a manufacturing hub for electric vehicles (EVs) and lithium batteries in central and eastern Europe. China has become the number one source of foreign investments there. Businesspeople and government officials I spoke to believe EV manufacturing’s contribution
The growing cooperation between China and Central Asia on green energy fits into Beijing’s own agenda of making more sustainable investments which take heed of environmental issues, creating a “greener” version of the Belt and Road Initiative. The shift in China took place in 2021, when the emphasis moved to investing in solar and wind
Hong Kong stocks struck two-month low as investors were rattled by reports of Israeli missiles hitting Iran, and the heightened Middle East tensions triggered a scramble for safe haven assets. The Hang Seng Index lost 1.2 per cent to 16,184.02 at the local noon trading break, the lowest level since February 19. The Tech Index
BYD, the world’s largest electric vehicle (EV) maker, will invest 100 billion yuan (US$14 billion) in smart cars, as the company expects intelligent new energy vehicles to be the next battlefield for the industry, founder and CEO Wang Chuanfu said. He was speaking at the company’s Dream Day event in Shenzhen on Tuesday to launch