Big data changes life

  Chinese domestic brands entering foreign markets have gained widespread recognition and are gradually  being considered by consumers worldwide. Their growing success is the result of a robust supply chain, a  sophisticated cross-border e-commerce ecosystem, and continuous eforts toward brand building. Tough  competition and slow-growing domestic demand may further encourage Chinese domestic brands to expand  internationally  The US and other developed economies will continue to be China’s leading export markets in the short- to  medium-term. With rising demand and relatively few market rivals, the fashion, beauty, and Consumer  Electronics, represents great opportunities  To facilitate the export business for Chinese domestic brands and assist more brands to be export-ready,  Google puts forward a "9 Strength" capability framework. The top 4 strengths, Branding, Sales & Marketing,  Product, and Data & Analytics, atracted the most atention from C-level of Chinese dom

  Total AUM by the members of Asset Management Association of China  (AMAC) stood at RMB68 trillion, or US$10.79 trillion, at the end of  2021. By our estimates, China now is the world’s fourth largest asset  management market, after the US, Luxembourg, and Ireland. It is also  the second largest onshore market, next only to the US. AMAC lists fund  management companies (FMC), registered private fund managers (PFM)  and securities companies as its members, but does not account for  sub-scale PFMs. Neither does it include the third-party assets managed by  insurance asset management companies (AMC), pension insurers, wealth  management companies (WMC) or trust companies. If these assets are  included, then the size of China’s asset management industry is closer to  RMB100 trillion, or US$16 trillion.   Compared with 2020, industry’s AUM has grown by 15.25%, the fastest  in 6 years. Most of the growth was achieved on the back of sustained  demand for mutual funds and private funds, as we

  Economic activity bounced back in Q1 2023 with the removal of mobility restrictions and a surge  in spending on services, but growth momentum has slowed since April. GDP expanded by 4.5  percent y/y in the first quarter of 2023, up from 3 percent y/y in 2022. The recovery in the first  quarter was spurred by the release of pent-up consumer demand, some improvement in housing  sector activity, and policy support. However, growth momentum has slowed since April, indicating that China’s recovery remains fragile and dependent on policy support.

  In the third quarter of 2023, global IPO activities remained sluggish due to macroeconomic and geopolitical uncertainties. Hong Kong’s global IPO ranking dropped to eighth following a historically slow third quarter. The Hong Kong IPO market performance is anticipated to face ongoing challenges in the near future due to the persistently high interest rate environment and slowing economic growth. In spite of this, the steady pipeline of around 110 active IPO applicants bring expectations for Hong Kong to reclaim a top five global IPO ranking by the end of 2023, according to KPMG‘s Chinese Mainland and Hong Kong IPO Markets 2023 Q3 Review. The Hong Kong Stock Exchange (“HKEX”) recently published a consultation paper on the GEM reform, proposing measures to enhance the appeal of GEM for small and medium-sized enterprises with high-growth potential. Furthermore, the government has established a task force to enhance the liquidity of the stock market and bolster the development of Hong Ko

  Luxury and premium brands" saw a 26 percent rise in revenue on Tmall from April 20th to May 21st versus the sameperiod last year. While May is not a particularly busy shopping month in Western markets, in China one of the biggest gift.giving festivals takes place - 520, also known as “lnternet Valentine's Day”. With the Chinese market returning to normalcy this year, the luxury industry has been optimistic about the market'srebound. That is why, for the first 520 post-COVID, luxury brands pulled out al the stops to raise their share of voice anddrive conversions during this festival, through innovative campaigns that include special products and offline events. This market is set to grow. According to Bain, by 2030, luxury expenditures in mainland China will surpass all the othermarkets, including the United States, accounting for a quarter of the global luxury market. As a result, what is emerging from the rise of the Chinese luxury market, is a more sophisticated and

  Good environment, social and governance (ESG) practices not only address the sustainable development of the companies themselves, but also their impact on the environment where they operate and even on society as a whole. Today, more and more companies have recognised the importance of incorporating ESG factors into their management and daily operations, building a scientific and efficient ESG management system, and making high-quality ESG disclosures. Since the launch of the Environmental, Social and Governance Reporting Guide (the ESG Reporting Guide) in 2013, Hong Kong Exchanges and Clearing Limited (HKEX) has continuously reviewed its ESG reporting framework and rules, which facilitate high-quality ESG disclosure by issuers and promote ESG and sustainability commitments of listed companies. Entering the 10th year of the implementation of the ESG Reporting Guide, the ESG information disclosure of Hong Kong listed companies has entered a new stage, becoming more and more comprehens

Hong Kong retail market vacancy rates remained stable in Q3, with high street and F&B rents recording low single-digit growth, and jewelry & watches and cosmetics brands predominantly driving expansion Overall Grade A office space net absorption remained mired in negative territory at -225,900 sq ft in Q3, although new leasing activity was notably more active compared to the prior two quarters Persistent interest rate hikes and a downward stock market trend have slowed residential transactions in both primary and secondary home markets, with prices continuing to decline throughout Q3