Mainland China’s first-tier home prices edged up 0.2 per cent in March, rising after nine months of losses and no change in February, but it is too soon to declare the property market stable without sustained improvement in homebuying demand, according to analysts. Compared with a month earlier, March home prices were flat in Beijing, rose 0.3 per cent in Shanghai and Guangzhou,...

Contemporary Amperex Technology (CATL), the world’s largest producer of electric vehicle (EV) batteries, rallied after creating a subsidiary to manage its mining assets, signalling a deeper push into the energy storage business. Its Shenzhen-listed shares rose 4.4 per cent to 450.14 yuan on Thursday, lifting its market capitalisation above 2 trillion yuan (US$293.4 billion), whi...

Shares of Chinese energy storage system (ESS) maker Sigenergy Technology jumped over 83 per cent on their Hong Kong trading debut, as concerns surrounding energy security due to the conflict in the Middle East boost demand for renewable-energy solutions. The Shanghai-based company’s shares opened at HK$581, versus its offer price of HK$324.20. It climbed further to HK$595 at the...

Mark Mobius, who was known as the father of emerging markets and was among the first fund managers to invest in Hong Kong and mainland China, died on Wednesday at the age of 89, according to a statement on his LinkedIn account. The statement did not give the cause. Mobius was based in Dubai in recent years and remained active in investment via his own firm. He was managing direc...

Many world-class cities are prioritising efforts to enhance their health technology infrastructures to attract more clinical trials and research projects. These can offer many benefits not only to pharmaceutical companies and research institutes, but also – potentially – give the public better access to innovative treatment options and raise the overall quality of their healthca...