China has reported that its economy expanded at a 5% annual pace in 2024, slower than the year before but still hitting Beijing’s target of “around 5%” growth

The Hong Kong-listed shares of property developer China Vanke plunged more than 8% on Friday after state media reported that authorities had detained its chief executive. A Shenzhen government task force has stepped in to oversee operations at the state-backed developer,

Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.

Analysts say they see signs of malaise in China’s domestic economy, but those problems were offset mainly by robust exports and a $1 trillion trade surplus.

Hong Kong deputy financial secretary Michael Wong and Nansha district party chief Liu Wei are among conference’s VIP speakers. Shenzhen residents have been able to apply for multi-entry permits ...

Hong Kong stocks fluctuated between gains and losses before the release of key economic data from the US and China that will shape the outlook for monetary policies and show the magnitude of the recovery in the mainland economy.

China’s economy expanded by 5.4% in the last three months of 2024, the National Bureau of Statistics said on Friday.

China’s economy expanded by 5.4 per cent in the fourth quarter year on year, the National Bureau of Statistics said on Friday.

For the full-year 2024, the world’s second-largest economy grew 5.0 per cent, data from the National Bureau of Statistics (NBS) data showed on Friday, meeting the government’s annual growth target of around 5 per cent. Analysts had forecast 4.9 per cent growth.

The People’s Bank of China will issue central bank bills in Hong Kong next week, a tool that is typically used to stabilize the yuan’s exchange rate in the offshore market.

Hang Seng Bank, which is controlled by HSBC, has the highest LCR by far among major lenders, clocking in above 300 per cent. The lender has been hit hard by the city’s real estate slump, with impaired commercial real estate loans surging 12-fold in the first half of 2024, according to Bloomberg Intelligence.

China's economy expanded at a 5% annual pace in 2024, achieving Beijing’s target of “around 5%” growth helped by strong exports and recent stimulus measures.