Salina Li

1 month ago | scmp.com | Enoch Yiu |Salina Li

Mortgage borrowers and companies are likely to benefit from a sharp fall in the Hong Kong interbank offered rates (Hibor), with the lower cost of funding expected to boost the city’s property market and economy. The one-month Hibor, which is linked to mortgage loans, weakened to a 30-month low of 2.0945 per cent on Thursday, a drop of almost 1 percentage point from a day earlier, according to data from the Hong Kong Association of Banks.

2 months ago | scmp.com | Yujie Xue |Salina Li

Towngas Smart Energy reported a profit increase last year amid a slowing economy, as the subsidiary of Hong Kong’s sole gas provider reaped the benefits from its investments in renewable energy in mainland China. Net profit rose 2 per cent from a year earlier to HK$1.6 billion (US$206 million), the company said in a Hong Kong stock exchange filing on Friday. Revenue increased 7.4 per cent from 2023 to HK$21.3 billion last year.

2 months ago | thestar.com.my | Fan Chen |Salina Li |Cheryl Arcibal

Hong Kong’s weakening retail sales and slumping property market have sharply reduced the capital values of commercial real estate owned by celebrities like Nicholas Tse Ting-fung and the family of the late “King of Gambling” Stanley Ho Hung-sun. The Macau tycoon’s property at 20 Kimberley Street, Tsim Sha Tsui, has been put up for sale at HK$88 million (US$11.3 million), CBRE, the sole agent for the sale, said on Tuesday.

2 months ago | scmp.com | Fan Chen |Salina Li |Cheryl Arcibal

Hong Kong’s weakening retail sales and slumping property market have sharply reduced the capital values of commercial real estate owned by celebrities like Nicholas Tse Ting-fung and the family of the late “King of Gambling” Stanley Ho Hung-sun. The Macau tycoon’s property at 20 Kimberley Street, Tsim Sha Tsui, has been put up for sale at HK$88 million (US$11.3 million), CBRE, the sole agent for the sale, said on Tuesday.

2 months ago | flipboard.com | Fan Chen |Salina Li |Cheryl Arcibal

10 hours agoOpenAI calls DeepSeek ‘state-controlled,’ calls for bans on ‘PRC-produced’ modelsIn a new policy proposal, OpenAI describes Chinese AI lab DeepSeek as “state-subsidized” and “state-controlled,” and recommends that the U.S. government consider banning models from the outfit and similar People’s Republic of China (PRC)-supported operations.