Hong Kong’s bankers enjoy significantly higher salaries compared to their counterparts in Singapore. A recent report by Bloomberg Intelligence revealed that Hong Kong-based investment banking analysts earn an average of 46% more than their peers in the Lion City. This trend extends to associates, who command nearly 36% higher salaries in Hong Kong. Several factors...
Despite ongoing trade tensions, American companies remain surprisingly keen to manufacture in China. This seemingly counterintuitive trend reflects the complex reality of globalized supply chains and China’s enduring strengths in certain sectors. While headlines often focus on companies moving production out of China, the reality is nuanced. Many U.S. firms still rely heavily on Chinese...
As China’s e-commerce titans continue their global expansion, JD.com has set its sights on the UK with a potential takeover bid for electronics retailer Currys. This move could mark a significant shake-up in the British retail landscape, raising questions about competition, consumer benefits, and China’s growing influence in the international marketplace. Currys, currently the UK’s...
China embarks on an ambitious “data census,” taking stock of its vast and growing digital landscape. This unprecedented project delves into the production, storage, circulation, trade, utilization, and security of information resources across the country. More than just a simple count, this initiative sheds light on China’s evolving digital ecosystem. It aims to paint a...
Soaring high at the Singapore Airshow, China’s domestically developed C919 single-aisle passenger jet secured a significant new order, marking a crucial milestone for the aircraft and China’s aviation ambitions. Tibet Airlines inked a deal for 40 C919s, signaling not just a successful sale, but several key developments: his landmark deal marks the C919’s official entry...
Moonshot AI, a rising star in the Chinese artificial intelligence (AI) scene, has just closed a massive $1 billion funding round. This marks a significant development in the ongoing competition between AI research outfits, particularly in the wake of OpenAI’s impressive advancements. The funding round was led by e-commerce giant Alibaba and venture capital firm...
In the vast expanses of the Gobi Desert, an engineering marvel is transforming China’s energy landscape. A world-leading electricity production and transmission network is taking shape, breathing life into this arid region and offering tangible benefits to the nation. Firstly, clean and affordable energy from this project directly improves the lives of millions. It powers...
Shenzhen welcomed a phenomenal 9.38 million visitors during the recent eight-day Spring Festival holiday, showcasing a remarkable 79% increase compared to the previous year. This influx signifies a significant rebound in travel enthusiasm following the pandemic’s disruptions, revitalizing the city’s transportation network and local economy. Departure figures mirrored the arrival boom, with a 42% year-on-year...
Following the success of Shanghai New York University, the city is taking another leap forward in international education with the launch of two new Sino-foreign joint venture universities. These exciting collaborations aim to cultivate highly skilled and interdisciplinary talent, not only boosting Shanghai’s economy but also strengthening its global standing. The Sino-German University of Science...
In a bid to revitalize the struggling property market and bolster the overall economy, China has implemented its biggest-ever reduction to a key mortgage rate. This move comes amidst a deepening crisis in the sector, marked by declining sales and financing challenges. The five-year Loan Prime Rate (LPR), a benchmark for banks’ set by the...