South China Morning Post - Business

A Danish court has ordered the state to pay 80 million Danish kroner (US$12 million) in compensation to TDC NET, the country’s largest digital-infrastructure operator, after authorities forced it to strip Huawei equipment from its fibre network. The Eastern High Court in Copenhagen ruled on Wednesday that a 2023 order by the Centre for Cybersecurity directing TDC NET to remove H...

Chinese regulators have tightened one of the remaining channels for gaining exposure to overseas assets through derivatives, the latest sign that authorities are continuing efforts to close regulatory loopholes and curb domestic investors’ access to higher-risk offshore markets. Rather than launching another high-profile crackdown like last month’s action against unlicensed offs...

The president of a Shanghai-listed mining company has been identified as the buyer of a luxury house in Hong Kong’s Stanley district, paying HK$220 million (US$28 million) for a receiver-owned property, as lenders accelerate the disposal of distressed assets and wealthy mainland Chinese buyers return to the market. Land Registry records showed a house at 33 Tung Tau Wan Road cha...

Hong Kong’s finance chief says the city is planning new measures to boost offshore yuan trading, days after mainland Chinese authorities took steps to spur such trading in Shanghai. The initiatives will be announced next month, Financial Secretary Paul Chan Mo-po said in an interview with the South China Morning Post published on Monday. He declined to elaborate on the new measu...

Luxshare Precision Industry, a key player in Apple’s AirPods and iPhone supply chains, passed a listing hearing for the Hong Kong Stock Exchange (HKEX), joining a wave of mainland Chinese technology manufacturing giants seeking diversified capital in the city. The Shenzhen-listed firm cleared the regulatory hurdle for a Hong Kong listing on Tuesday, days after receiving a greenl...