Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Philippine Industry Body Launched for Stronger Content Protection and Anti-Piracy Efforts

MANILA, Sep 29, 2022 – (ACN Newswire via – Today, leading Philippine industry players including, Globe, GMA Network, Inc., Cignal TV, Inc, KROMA Entertainment and Smart Communications, Inc, joined hands with the Asia Video Industry Association’s (AVIA) Coalition Against Piracy (CAP) to announce the formation of the Video Coalition of the Philippines (VCP). The […]

Hong Kong’s worst trading debut in 2022 sends EV-maker down 42%

HONG KONG – An electric-vehicle (EV) maker and a unit of China’s real estate developer China Vanke plunged in their trading debuts in Hong Kong, following initial public offerings (IPOs) that together raised more than US$1.5 billion (S$2.15 billion). Chinese EV-maker Zhejiang Leapmotor Technology slumped as much as 42 per cent to HK$25.05. The company […]

Deflation looms in China amid property crisis and Covid-19 curbs: Survey

BEIJING – China faces increasing risks from deflation as demand crumbles under the weight of an ongoing property crisis and is threatened by continued Covid-19 restrictions – a stark contrast with other major economies, according to a private survey. Companies reported the weakest growth in sale prices since the last quarter of 2020 in the three […]

Fulcrum Global Rebrands VZ Properties to NEXIS Property, Continues to Deliver First-Rate Asset Management Services to Customers

HONG KONG, Sep 8, 2022 – (ACN Newswire via – Fulcrum Global (Hong Kong) Limited (“Fulcrum Global” or “the Group”), a premier platform for international property investments, is pleased to announce that the trading name of its wholly owned subsidiary VZ Properties / V Properties UK will be changed to NEXIS Property (“NEXIS”), effective […]

Some China state-backed financiers cold shoulder property rescue call: Sources

HONG KONG/SHANGHAI (REUTERS) – Some of China’s state-backed financial institutions are pushing back on Beijing’s calls to support the embattled property sector due to concerns about the impact of such exposure on their balance sheets, seven people with knowledge of the matter said. Without explicit financial backstop from Beijing, senior executives at some of the […]

REDSUN SERVICES’s 2022 Interim Profit Attributable to Equity Shareholders Increases 15.8% to RMB69.3 million

HONG KONG, Aug 23, 2022 – (ACN Newswire via – Redsun Services Group Limited (“Redsun Services” or the “Group”), a fast-growing comprehensive community services provider with a strong presence in the Yangtze River Delta region, has announced its interim results for the period ended 30 June 2022. The Group reported collaborative development in its […]

China property crisis threatens to drag down steel industry

BEIJING (BLOOMBERG) – China’s steel industry is entering a precarious new era as a worsening property crisis imperils demand and Beijing’s construction-led growth model looks increasingly untenable. Almost a third of China’s steel mills could go into bankruptcy in a squeeze that’s likely to last five years, Li Ganpo, founder and chairman of Hebei Jingye […]