- South China Morning Post
Australian wine pours back into China as tariff-free shipments surge to over US$10 million in April
With import tariffs removed for the first time in three years, shipments of Australian wine to China surged in April, with analysts expecting producers to jump back into the lucrative market "quite quickly". China imported US$10.4 million of wine from Australia in April, up from US$126,045 a year earlier, representing a roughly eightyfold increase, according to Chinese customs data. Imports by volume, meanwhile, increased more than sevenfold year on year to 462,518 litres (813,918 pints). As a r
- South China Morning Post
Taiwan's prized semiconductors not unbreakable 'silicon shield' they once were as mainland China, West develop own bargaining chips
A sharp decline in Taiwan's ties with mainland China could extend to the very devices being used to transmit and read this story. The far-reaching implications from what has been a geopolitical tug of war are ultimately likely to bolster mainland China's standing as a dominant supplier of older-model semiconductors while ramping up the need for Western allies to rely more on themselves for cutting-edge chips - a scenario that industry insiders say threatens to erode Taiwan's formidable "silicon
- South China Morning Post
HSBC's Silicon Valley Bank UK acquisition raises Hong Kong lender's tech profile with clients, start-ups
Just over a year after HSBC Holdings acquired the UK unit of Silicon Valley Bank (SVB) for £1 (US$1.27), wealthy customers from Hong Kong and the rest of Asia are keenly exploring investment opportunities in tech start-ups, according to a senior HSBC executive. HSBC, the biggest lender in Europe and Hong Kong, bought Silicon Valley Bank UK in March last year after its US parent collapsed following a run on the bank. Three months later, the newly acquired unit was rebranded HSBC Innovation Bankin
