(RTTNews) - Yum! Brands Inc. (YUM) announced that its Chief Operating Officer and Chief People & Culture Officer,Tracy Skeans, plans to retire after more than 25 years with the company. Skeans will remain in her current role through late this year, after which she will move into
(RTTNews) - Yum! Brands Inc. (YUM) announced that its Chief Operating Officer and Chief People & Culture Officer,Tracy Skeans, plans to retire after more than 25 years with the company. Skeans will remain in her current role through late this year, after which she will move into
[The content of this article has been produced by our advertising partner.] Hong Kong is stepping up efforts to position the Northern Metropolis as a platform connecting ASEAN businesses with opportunities across the Greater Bay Area, as diplomats, chamber representatives and business leaders from Southeast Asia were brought on a government-led tour of the mega-development project. The nearly 70-s...
[The content of this article has been produced by our advertising partner.] Hong Kong is stepping up efforts to position the Northern Metropolis as a platform connecting ASEAN businesses with opportunities across the Greater Bay Area, as diplomats, chamber representatives and business leaders from Southeast Asia were brought on a government-led tour of the mega-development project. The nearly 70-strong delegation, organised by the Hong Kong-ASEAN Foundation (HKAF) in conjunction with the...
Goldman Sachs is officially preferring mainland Chinese stocks to those traded in Hong Kong. The investment bank on Wednesday cut its rating on H shares to market-weight from overweight, while staying overweight on mainland China's A shares — as a way to play artificial intelligence hardware. Most of China's AI semiconductor companies and their suppliers are traded on the mainland stock exchange. ...
Goldman Sachs is officially preferring mainland Chinese stocks to those traded in Hong Kong. The investment bank on Wednesday cut its rating on H shares to market-weight from overweight, while staying overweight on mainland China's A shares — as a way to play artificial intelligence hardware. Most of China's AI semiconductor companies and their suppliers are traded on the mainland stock exchange. For a second time in a year, Goldman said it's raising its 12-month target on the CSI 300 — this time to 5,500, from 5,300 previously. That offers nearly 12% upside from Tuesday's close. The firm still expects 11% potential gains over the next 12 months for the H-share-heavy MSCI China index, but lowered it to market-weight in a regional context. So far this year, the Hang Seng Index is up about 1.5%, while the CSI 300 in mainland China has gained more than 6%. The underperformance is starker when looking at tech. The Hang Seng Tech index has fallen more than 5.5% year-to-date, while the Nasdaq-like ChiNext has surged more than 25% during that time. 'Hard tech' The divergence reflects how Beijing's AI policy has focused more on hardware development than models and software applications. AI hardware has driven 85% of the $3.8 trillion in Chinese AI equity market gains since the DeepSeek moment in January 2025, Goldman Sachs' Kinger Lau pointed out in the report. China accounts for at least 10% of AI-related market capitalization worldwide, but Chinese AI stocks "are substantially under-owned by international investors," he said. The gap has shown up in earnings as well. "Hard Tech stocks have delivered strong top-line and profit growth but large-scaled Internet companies have continued to struggle to grow their bottom-line," Lau said. Highly anticipated Chinese chip and humanoid robot IPOs are also coming to the mainland market, instead of Hong Kong, while H-share AI model companies are planning A share listings.