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    Hong Kong

    This Month

    Hong Kong’s then leader Carrie Lam pushed through contentious national security laws ahead of a legislative council election in the city.

    Ex-Crosby Textor pollster ‘deeply uncomfortable’ with Hong Kong work

    The think tank which commissioned the research was founded by city’s former chief executive who remained a part of the Chinese People’s Political Consultative Conference.

    • Kylar Loussikian
    Riot police clash with pro-democracy protesters in Hong Kong in January 2020.

    Crosby Textor advised pro-Beijing HK officials

    The Australian political consultancy provided advice used by pro-Beijing officials in Hong Kong ahead of the start of national security laws that dramatically curtailed free speech.

    • Kylar Loussikian

    May

    Gordon Ng was first detained in 2021.

    Australian among 14 convicted in Hong Kong’s biggest security case

    A Hong Kong court has found the pro-democracy activists guilty in a national security case that has effectively wiped out the city’s political opposition.

    • Jessie Pang and James Pomfret
    Gran Samuel CEO Damien Elias.

    Grant Samuel recruits ex-Goldman Sachs banker for Hong Kong expansion

    The investment bank’s chief executive, Damien Elias, believes Asia is ripe for disruption because the region houses fewer boutique advisory shops.

    • Aaron Weinman
    PwC is facing a crisis in China as partners brace for penalties over its audit of collapsed property developer Evergrande.

    Key clients desert PwC China as big four rivals circle

    The accounting firm is under a cloud over audits of the distressed property developer Evergrande, and it faces severe penalties.

    • Cheng Leng and Chan Ho-him
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    PwC is facing a crisis in China as partners brace for penalties over its audit of collapsed property developer Evergrande.

    PwC braces for China crisis and a hefty fine

    PwC’s role in approving accounts for troubled property developer Evergrande has led to infighting at the big four firm as clients reconsider their relationship.

    • Stephen Foley, Sun Yu and Cheng Leng
    Pedestrians in Hong Kong’s Tsim Sha Tsui. Consumer and technology groups listed in the city are trading at a big discount, some fund managers say.

    Australian investors snag Hong Kong bargains as share prices surge

    Fund managers see opportunities, with Chinese authorities promising measures to stop a long-term outflow of money from one of Asia’s biggest sharemarkets.

    • Jessica Sier
    Residential buildings developed by Country Garden in Yangzhou.

    China unveils dramatic steps to rescue property market

    China announced a slate of measures aimed at reinvigorating its ailing property industry and stabilising growth in the world’s second-largest economy.

    • Updated
    • Amanda Wang
    ‘Dear friends’ Xi Jinping and Vladimir Putin at the Kremlin in 2019.

    Putin to meet ‘dear friend’ Xi in China, defying US

    The Russian president is set to arrive in Beijing, underlining the key relationship as China faces growing US pressure to curtail support for the war in Ukraine.

    • Greg Torode and Guy Faulconbridge
     Zeekr EVs were all the rage at the  China Auto Show in Beijing last month.

    This is how China’s car dealers are driving the EV revolution

    Chinese car dealers are ditching foreign brands slow to respond to the EV transition, while turning to homegrown makers that have been gobbling up market share.

    • Gloria Li
    Houses in Zhouzhuang old town. Home buyers are no longer focused on new builds.

    Why the Chinese are warming to ‘second-hand’ homes

    With tens of thousands of new developments yet to be completed, house hunters are looking again at older buildings. End buyers don’t trust developers any more.

    • Thomas Hale, Wang Xueqiao, Andy Lin and Chan Ho-him

    April

    A bubble tea café in the US. The scope for global expansion shows no limits at the moment.

    China’s bubble tea brands look to create a stir overseas

    Best known for the 1980s Taiwanese variety that includes tapioca balls or “bubbles”, flavoured milk tea beverages are a hit worldwide. Chinese companies are cashing in.

    • Thomas Hale, Wang Xueqiao, Chan Ho-him and Gloria Li
    Geely EVs bound for Europe at the Port of Taicang before departure.

    ‘It’s chaos’: Chinese EVs pile up at Europe’s ports

    Executives say Chinese carmakers are not selling EVs in Europe as fast as they expected, turning ports into car parks.

    • Arjun Neil Alim, Robert Wright and Peter Campbell
    This six-bedroom Bellevue Hill home has hit the market with a $23m guide.

    Eastern suburbs’ elite sell their trophy mansions

    Investors Mutual CEO Damon Hambly and wife Philippa Haydon have listed their Bellevue Hill home for $23 million, while Sue Ingham is downsizing in Darling Point.

    • Bonnie Campbell
    In his last public appearance as CEO of National Australia Bank, Ross McEwan said the government needed to lift its building policies to counter the surge in immigration.

    We should be glad banks are speaking up

    Australia’s big banks are at the coalface of the economy. Governments should be listening when they highlight the need for change.

    • Nick Hossack
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    March

    David Jones Amplify hopes to boost revenue by $35 million a year in its new retail media division.

    David Jones pens new tech deal to power $35m fresh revenue

    The Anchorage Capital-owned department store has signed up US advertising firm Criteo to help it boost revenue and profitability.

    • Carrie LaFrenz and Sam Buckingham-Jones
    Hong Kong appointment: Former chief justice of the Federal Court, James Allsop.

    Former top judge Allsop to Hong Kong court

    Democracy activists say Australian judges are taking China’s ‘dirty jobs’ after ex Federal Court chief Justice James Allsop joined Hong Kong’s Final Court of Appeal.

    • Michael Pelly and Michael Smith

    High-flying Hong Kong bankers become a lost generation

    Out of work or facing deep salary cuts, some fear that this is not even rock bottom as US-China geopolitical tensions fracture capital markets.

    • Lulu Yilun Chen and Denise Wee
    AMD chips are being phased out of government PCs and servers.

    Beijing blocks use of Intel and AMD chips in government computers

    The stricter government procurement guidance also seeks to sideline Microsoft’s Windows operating system and foreign-made database software in favour of domestic options.

    • Ryan McMorrow, Nian Liu and Qianer Liu
    China’s property crisis has crippled the economy.

    China scrutinises PwC role in $118b Evergrande fraud case

    Authorities are examining the role of PwC in China Evergrande Group’s accounting practices after the developer was accused of fraud.

    • Bloomberg News