Prenetics and David Beckham have unveiled the IM8 brand, featuring two health and wellness supplements. The brand plans to debut two high-end products named Daily Ultimate Essentials and Daily Ultimate Longevity.

The company is set to launch two high-end products, Daily Ultimate Essentials and Daily Ultimate Longevity, on its digital platform. These items will be available for delivery in 31 nations such as Hong Kong, the United States, UK, and Singapore.

"We're utilizing the peak of scientific advancement and innovation, enabling individuals globally to manage their health and wellness."

Prenetics, a company listed on Nasdaq, has announced that IM8 will concentrate on creating advanced consumer health products.

IM8 Daily Ultimate Essentials is a multifunctional flavored powder designed to serve as a holistic daily nutrient supplement. It contains 16 individual daily supplements that promote heart health and bolster the joints and muscles. IM8 Daily Ultimate Longevity is a daily pill developed to focus on refreshing cells and promoting healthy aging.

UOB and Shanghai Gold Exchange ink agreement to boost international collaboration

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On November 11, 2024, in Singapore, United Overseas Bank (UOB) entered into an agreement with the Shanghai Gold Exchange (SGE). This Memorandum of Understanding was signed in Shanghai and is one of the mutual cooperation efforts agreed upon by the People's Bank of China and the Monetary Authority of Singapore during the 20th meeting of the Joint Council for Bilateral Cooperation.

China plays a pivotal role in the international gold market, holding the position as the biggest producer and importer of gold, as well as the leading creator of gold products. The demand for gold in the ASEAN region has seen a noticeable rise in recent years due to an increase in disposable income and heightened interest from investors. As part of the Memorandum of Understanding, both sides will proactively support the Belt and Road initiative and pursue strategic collaboration in the ASEAN gold markets, using China's gold supply chain to bridge the gap between production capabilities and demand. This is expected to positively impact the growth of the ASEAN gold markets.

The Deputy Chairman and CEO of UOB, Mr Wee Ee Cheong, stated that UOB has a prominent role in the Southeast Asian gold business, and is also a member of the SGE. This Memorandum of Understanding will enhance UOB's collaboration with SGE in areas such as proprietary trading, physical delivery, and international bullion products. UOB, being the sole bank in Singapore providing physical gold products and having a broad presence in the ASEAN region, is in a strong position to bridge customers to gold markets within the region and China.

Mr. Yu Wenjian, the Chair of SGE, stated, "We're celebrating the 10th year of SGE International Board. Our plan is to keep expanding globally and to roll out new business strategies. In collaboration with UOB, we aim to improve the International Board's service system, which will aid in the high-level opening of China's gold market as a part of the financial infrastructure."

The Hong Kong conference commences with top executives ready to explore China's stimulus proposals and Trump's economic policies. This year's investment conference is themed 'Navigating Through Transformations', where the focus will probably be the intense discussions on China's economic boost and Trump's financial strategies.

The premier financial gathering in Hong Kong is uniting the chief executives of several of the globe's leading banking organizations. This offers exposure to China's high-level authorities at a crucial period when investors are closely examining Beijing's economic stimulus and reaction to the new US government.

Deputy Premier He Lifeng is spearheading a team of high-ranking leaders, among them Wu Qing, the chief of the China Securities Regulatory Commission (CSRC). They are attending the Global Financial Leaders' Investment Summit, which begins today with an introductory gala dinner.

Senior leaders from prominent firms such as HSBC, Goldman Sachs, JPMorgan Chase, Citigroup, BNP Paribas, Oaktree Capital Management, and KKR, among others, have arrived in the city. They are here to endorse Hong Kong, a significant income source for several of them and a principal local head office for others.

This is the largest delegation from Beijing to attend the yearly event since its inception in 2022. The enthusiasm and progress that followed China's stimulus blast in late September have largely diminished. This is because China has refrained from implementing further large-scale initiatives to bolster its housing and stock markets.

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Xi's impassioned call establishes economic goals for Chinese authorities, pardoning them for past errors.

"I'm optimistic that this could be their defining moment of taking any necessary measures. However, what they've essentially done is firmly assert that they will do whatever it can to prevent a catastrophe," stated Karen Karniol-Tambour, co-chief investment officer at Bridgewater Associates, in a podcast the previous month. "It's not equivalent to 'doing anything possible to achieve greatness'."

She further added that there are numerous measures that Chinese policymakers can still implement.

Alibaba plans to offload bonds for debt repayment and stock repurchase, taking advantage of low interest rates. The leading Chinese online commerce company will be issuing bonds in US dollars and yuan to facilitate their debt repayment and stock buyback scheme.

The company stated on Monday in a filing with the Hong Kong stock exchange that specifics such as the main sum, interest percentages, expiration dates, and additional conditions of the notes would be set when the offering is priced.

According to an anonymous tip featured in a Reuters article, Alibaba – who owns the South China Morning Post – is planning to raise a staggering $5 billion. The report outlines that the dollar bonds are set to mature over spans of 5.5 years, 10.5 years and 30 years. Additionally, the yuan bonds will mature at intervals of 3.5 years, 5 years, 10 years and 20 years.

Kenny Ng Lai-yin, a strategist at Everbright Securities International, has stated that the current low-interest rates in the Asia-Pacific region and elsewhere globally have made issuing debt comparatively affordable. This provides a tactical chance for businesses to invest or carry out share buybacks to boost capital returns.

Alibaba, headquartered in Hangzhou, in the eastern region of Zhejiang province, has initiated its most ambitious share repurchase program since its inception during the height of the Covid-19 crisis in late 2020, to bolster its stock value. The e-commerce giant has invested $14.7 billion in the current year, a significant increase from the $9.5 billion in 2023, $10.9 billion in 2022, and $10.6 billion in 2021, as per the company's official documents.

Warner's Max begins operations in Asia, challenging Netflix in the Hong Kong streaming battle. The American streaming platform is aiming for a spot among the top three in its fresh Asian markets, states WBD CEO, JB Perrette.

Max is set to debut in Hong Kong, Taiwan, and numerous Southeast Asian nations, providing audiences with a substantially improved, more diverse range of content. This includes favored series such as Harry Potter and the DC Universe, according to JB Perrette, the CEO of WBD and the president of global streaming and games.

Perrette, in a recent interview, stated that although launching in North America, South America, and Europe was a significant achievement, they could not truly label themselves as a global product until they made their mark in Asia-Pacific, given its sheer size and importance.

The executive stated that WBD is aiming to be among the top three leaders in its new Asian markets in terms of size, involvement, and profitability.

As per the data from Rakuten Insights reported by Statista, Netflix, ViuTV, and YouTube Premium are the top three on-demand video platforms in Hong Kong as of June. Other platforms like Disney+, Apple TV+, and Amazon Prime Video are also accessible in the city.

Chinese banks experience a boost as guidelines from CSRC advocating for higher shareholder returns raise assurance

Chinese banks skyrocket following regulator's push for heightened shareholder returns, with the goal of improving stock values and corporate governance

Chinese banks skyrocket following regulator's push for heightened shareholder returns, with the goal of improving stock values and corporate governance

Leading Chinese banks experienced a surge following an encouragement from the country's securities regulator for listed firms to enhance their share values and amplify returns for shareholders.

A collection of 42 banks, which are publicly traded on the Shanghai and Shenzhen stock exchanges, saw an increase of over 2% on Monday, as per the information from financial data service, Shanghai DZH. Some of the largest government-supported banks, including the Industrial and Commercial Bank of China (ICBC), Bank of China, and China Construction Bank, experienced a minimum rise of 2.9% in Hong Kong, exceeding the 0.8% increase in the Hang Seng Index.

"The fresh regulation on market capitalisation will bolster investor anticipation for increased stock repurchases," stated Liu Xinqi, a financial analyst at Guotai Junan Securities in Shanghai.

According to the guidelines of the CSRC, businesses that have maintained a price-to-book ratio less than one for an extended period are mandated to formulate strategies for improvement and announce the corrective actions approved by their board. These businesses must assess their strategies annually and make changes if needed, as per the regulator's directions. Furthermore, these companies must allocate a dedicated portion in their yearly reports to clarify the execution of these strategies.

Xiaomi's earnings skyrocketed by 30.5% as its electric vehicle sector started to boom. The company raked in a hefty $12.8 billion in the quarter that concluded in September, achieving its target of manufacturing 100,000 EVs within this year.

The firm's earnings for the quarter ending in September amounted to 92.5 billion yuan (US$12.8 billion), exceeding the 90.3 billion yuan prediction by analysts polled by Bloomberg.

The revised net income for the period increased by 4.4% year on year, reaching 6.3 billion yuan, which surpassed the projected 5.9 billion yuan.

The company has expressed its unwavering dedication towards its new objective for the decade 2020-2030. The goal is focused on pumping funds into essential base technologies while also aspiring to be a worldwide pioneer in the ever-advancing field of high-tech innovations, as per the company's statement.

Xiaomi's business division of "intelligent electric vehicles and other new endeavors" amassed a revenue of 9.7 billion yuan, with the company witnessing continued favorable response to its first electric vehicle, the SU7 sedan, which was launched earlier this year. The company reported that it sold 39,790 units of the SU7 series in the third quarter.

Xiaomi's CEO, Lei Jun, disclosed on Weibo last week that the company has reached its target of manufacturing 100,000 cars this year. In a new post on Monday, he stated that the company now aims to deliver 130,000 vehicles.

The main business of the company based in Beijing, which involves smartphones and "artificial intelligence of things" (AIoT) – a classification encompassing Internet of Things and lifestyle items – generated 82.8 billion yuan in the quarter. This indicates a yearly growth of 16.8 percent.

BYD is set to surpass Volkswagen's operations, becoming China's leading manufacturer due to a rise in EV shipments. Throughout the year up until October, BYD's overall shipments have surpassed those of Volkswagen, the consistent market leader.

The company situated in Shenzhen has supplied 2.9 million fully electric and hybrid vehicles to global clients this year until October, marking a 35 per cent rise from the previous year. Projections from data source CnEVPost suggest that sales could surpass 4 million units this year, especially with end-of-year promotional events anticipated to boost sales.

"The company's performance this year is expected to significantly surpass Wang's yearly prediction of 3.6 million units," stated Phate Zhang, the originator of the Shanghai-based firm. "Currently, it holds a dominant position over all other manufacturers in China."

Volkswagen's manufacturing plants in China have produced and distributed 2.23 million electric and gasoline vehicles within the initial 10 months of this year. Since establishing local partnerships with SAIC Motor and FAW in 1984, the German automotive company has held the leading position in China's car market.

In the third quarter, BYD surpassed Tesla in both sales volume and revenue. BYD reported sales of 1.13 million electric cars from July to September, reflecting a 38% increase compared to the same period last year. In contrast, Tesla only sold 462,890 units during the same timeframe. Furthermore, BYD's revenue soared by 24% to 201.1 billion yuan (equivalent to US$28.2 billion), while Tesla generated a revenue of US$25.2 billion.

Technology Conflict: Hong Kong's Nvidia graphics card producer, PC Partner, relocates to Singapore

The company, which has been in operation for 27 years, announced its change of base to Singapore, where it also made a secondary listing, due to the strain on the chip supply chain.

In a recent announcement on Friday, the firm confirmed its shift of head office to Singapore, along with a secondary placement on the country's stock exchange. This move aims to broaden their research, development, and production efforts in the Southeast Asia region. The company has also commenced operations in a new Indonesian factory last week.

Nvidia is prohibited from shipping its highest-end chips, such as its top-of-the-line consumer graphics processing unit (GPU), the GeForce RTX 4090, to customers in China. Nvidia plans to unveil its upcoming 50-series GPUs during the CES electronics fair in Las Vegas come January.

Trump's victory raises expectations for TikTok's survival from a potential US prohibition as ByteDance's worth soars.

The chances of TikTok evading a possible US prohibition have grown, as ByteDance's estimated value allegedly rises to US$300 billion.

The future appears significantly more promising for the beleaguered short-video platform following Trump's victory, according to Cameron Johnson. Johnson, a senior partner at TidalWave Solutions and an American who has over two decades of business expertise in China, believes the platform has overcome the worst.

The new government could possibly require specific compromises from TikTok, like localizing data and management. However, they might not completely prohibit the platform because it was significantly beneficial during their election campaign, according to Johnson.

Johnson suggested that preserving TikTok could provide Trump with an advantage in future discussions with the Chinese government.

A year prior to the U.S. presidential race, TikTok's top brass reportedly advocated for a change in the platform's content management policies. This change leaned towards a more right-wing perspective and, as reported by The Information last week, could have advantaged Trump and his followers.

Special Report | Manulife on track to exceed earnings expectations in Asia, driven by creative products and skyrocketing sales

In the third quarter, Asia was the top income generator for the Canadian insurance company, accounting for 44 percent of the company's total profits.

Manulife, the leading insurance firm in Canada, is poised to exceed its profit goals in Asia, owing to the introduction of numerous groundbreaking products that have been enthusiastically received by affluent clients and tourists from the mainland purchasing policies in Hong Kong, as reported by a high-ranking official.

The insurance company based in Toronto disclosed its third-quarter outcomes last week, demonstrating a 17% rise in essential earnings – profits derived from its main business functions – in Asia. The area also emerged as the biggest source of profit, making up 44% of the organization's aggregate earnings. This marks an increase from last year's 37%, moving closer to its goal of deriving 50% of its earnings from Asia by 2027.

"Efforts are definitely advancing to meet our goal of having half or more of our revenue generated from Asia," stated Phil Witherington, Manulife Asia's CEO, in an exclusive discussion with the Post. "We are entirely assured that we will reach this landmark by 2027 or earlier."

The Asian base in Hong Kong has been a key factor in the significant increase in earnings. Yearly premiums from insurance sales skyrocketed 173 per cent year-on-year to US$570 million in the third quarter, due to a surge in mainland visitors persistently purchasing insurance in the city. About 30 per cent of the total came from mainland visitor purchases, while the remaining portion was contributed by local residents.

During the initial six months of the year, the metropolis welcomed 21 million visitors, marking a 64 percent surge compared to the previous year, as per the statistics released by the Hong Kong Tourism Board. The majority of these tourists, about two-thirds, originated from mainland.

Hongkong Land's US$10 billion asset liquidation goal hinges on China and Singapore.

Experts endorse the developer's decision to shift focus, while emphasizing that its effective implementation is crucial for success.

Last month, the developer, who is the largest commercial property owner in Central Business District of Hong Kong, announced its ambition to recycle a total of US$10 billion by 2035. This sum includes US$6 billion from development properties.

In order to achieve their objective, it's probable that Hongkong Land will put 37 of its residential schemes in mainland China up for sale, along with six in Singapore and over 14 throughout Southeast Asia, says Xavier Lee, a stock market analyst at Morningstar.

"Hongkong Land is expected to maintain a certain level of ownership over their high-end commercial properties. We suspect that they may repurpose some of their shopping centers as part of their 'The Ring' series, which caters more to the general public," stated Lee.

The Ring is known for creating premier shopping malls in Chinese metropolises like Chengdu and Chongqing, marking the developer's unique signature.