Your Daily Scan of the New Global Economy

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China
Trade war could crimp demand for China’s office space by 8 million square metres as businesses downsize, CBRE says An area equivalent to 39 of China’s tallest buildings could be hurt if the ongoing trade war between the United States and mainland China deteriorates, as businesses downsize their offices, demand to pay less rent or...
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Hong Kong regulator begins an unusual savings plan to raise HK$1 billion to afford owning an office in the world’s costliest city Hong Kong’s securities regulator has revealed an unusual savings plan, aiming to raise up to HK$8 billion (US$1.02 billion) over eight years to afford owning its own office in the world’s most expensive...
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Hong Kong’s financial services to gain from new cross-border services, says HKMA chief executive The Hong Kong Monetary Authority will work with the People’s Bank of China to introduce cross-border mobile payments, account openings and other wealth management services as part of the Greater Bay Area integration, according to the authority’s chief executive Norman Chan...
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Foreign investors piling into mainland China stocks – and that’s expected to only grow Foreign investors are piling into mainland China’s stock markets, attracted by good valuations after A-shares took a pounding last year.The overseas appetite is expected to only grow if the global index compiler MSCI enlarges A share inclusion in its benchmarks. It...
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HSBC returns to a profit in the fourth quarter despite challenging markets HSBC said on Tuesday that it returned to a profit in the fourth quarter despite challenging market conditions and a weaker outlook for the global economy.The improved results came as several banking rivals suffered tougher year ends, as global markets were particularly volatile...
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Can China’s emerging cities help counter the economic slowdown and US-China trade war? For 2019, Chinese investment firm and retailer Five Star Holdings is projecting a 50 per cent increase in revenue, even though China is fighting an economic downturn and a trade war with the United States.The company’s optimism stems from the strong revenue...
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A pedestrian-friendly approach could transform key urban areas into vibrant social and retail hubs Hong Kong’s retail landscape is in danger of falling behind, as millennial and Generation Z consumers, who continue to influence the future of retail by setting new benchmarks for the industry, demand digitally-engaging, entertaining and shareworthy experiences. I believe a fundamental...
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Huawei is just the start: 5G will be a central front in the US-China war for technological supremacy Washington-led opposition to the involvement of Chinese telecoms giant Huawei in the roll-out of 5G technology is just an early skirmish in what will be a long struggle for technological supremacy between China and the United States....
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Honda to shut UK car assembly in the latest blow to Britain’s shrinking automotive industry Honda Motor plans to close its factory in the UK in the biggest blow yet to the British auto industry already buckling under thousands of job cuts and the loss of key models in the run-up to Brexit.The site in...
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China’s stocks extend gains as shares linked to Greater Bay Area surge on development plan China’s stocks rose for a second day, with the benchmark gauge extending the biggest gain in three months, on optimism that growth in the world’s second-largest economy will gather pace. Hong Kong’s stocks also advanced.The Shanghai Composite Index added 0.1...
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