Howard Marks: “People are shakily optimistic”

Hong Kong businesses are increasingly turning to Saudi Arabia as their top choice for supply chain diversification amid changing trade conditions, according to an HSBC survey. Nearly a fifth of Hong Kong businesses identified Saudi Arabia as their preferred market to expand production, followed by mainland China at 14 per cent, according to the survey released on Thursday. Interest was strongest among technology, media and telecommunications firms. Favourable policies bolstered the trend, the… Source link

Make UK’s call for the government to recognise that the energy crisis for industry is happening now is spot-on In the long list of budget submissions from the business world, here’s one the chancellor is probably disinclined to smile upon. Make UK, the body representing manufacturers, would like the government to expand its energy support scheme – the one unveiled in June as part of the shiny new industrial strategy – from 7,000 firms to 115,000 businesses. And it would like the promised savings in electricity bills to be backdated to April this year; as scheduled, the so-called British…

James Liang, co-founder of Chinese online travel giant Trip.com Group, has launched a HK$500 million (US$64.23 million) foundation in Hong Kong to tackle China’s deepening fertility crisis. Citing Hong Kong’s unique advantages as a global hub that facilitates the exchange of international expertise, he said the city was the ideal springboard for tackling China’s mounting demographic pressures. “The challenge of low fertility rates faced by Hong Kong society is highly representative, and the… Source link