Spurred by a domestic property debacle and a currency sell-off, Shanghai high-net-worth individuals hunt for overseas homes

High-net-worth individuals in Shanghai are seeking refuge in overseas property investments as they flee a slump in mainland China’s real estate sector, creating price pressure in both markets.

BOCHK-backed virtual lender Livi eyes further SME business growth after strong 2023

Livi Bank, a virtual bank backed by the Bank of China (Hong Kong), will continue to expand lending to SMEs as it views the segment as a future growth engine after strong growth this year, CEO David Sun says.