Staff Reporter

CLP Holdings earnings fell 23.2% YoY in H1

Its earnings reached HK$4,615m from HK$6,010m. 

Li Auto estimates $14.7b net proceeds in global offering

The bulk of the proceeds will be used to fund R&D initiatives.

Hang Seng Bank profit drops 4% to $8.76b in H1

The bank linked this to macroeconomic conditions that put pressure on its net interest margin.

Applications for overseas studies open

Scholars and fellows could receive up to $300,000 per year.

Retail sales up 5.8% in June but below expectations

This was likely driven by continuing social distancing measures.

No 'undue stress' despite concern over China’s oversight of private sector

China’s oversight of the private sector in the past weeks has raised concerns and panic.

Hong Kong’s economic growth slows down as border control remains

The city’s GDP expanded by 7.5% in the second quarter from 7.9% previously.

Total loans rise 4% in June: HKMA

This was partially due to IPOs during the month.

4 in 5 will likely top up their $5,000 vouchers

The majority of whom will likely use their credit cards to top up.

Wilson Chow on digital transformation and strategies during the pandemic

PwC’s head for global technology, media and telecommunications joins the roster of judges at this year’s China Technology Excellence Awards 2021

International Housewares net profit rose 68.9% YoY

It also reached a “historical high” revenue of HK$2.7b.

More SMEs find credit approval eased in Q2: Survey

Some 72% of SMEs perceived banks’ credit approval stance as easier.

Over 50% see home prices to climb in coming year

The growing confidence could be triggered by the improving pandemic situation.