Advertisement
Advertisement
Business /

China Business

Related Topics:
China economy
A SpaceX Falcon 9 rocket is displayed outside the company’s facility in Hawthorne, California, on June 8. Photo: AFP
Hong Kong stock market

The SpaceX factor: Hong Kong stocks face liquidity test from mega IPO

Listing adds to headwinds for Asia’s third-largest market as US$97 billion in lock-up expirations loom.

Semiconductors

Can Huawei’s breakthrough help China’s chip design software firms catch US rivals?

12
China's economic recovery

‘Not a crackdown’: China regulators eye neutral enforcement in shift from 2021

Electric & new energy vehicles

EVs capture two-thirds of China’s car market in record-breaking week

Despite subsidy cuts, electric vehicles reached a new sales milestone in mainland China as petrol-powered rivals continued to lose ground.

Visitors inspect a BYD Seagull at this year's Auto China in Beijing. Electric vehicles accounted for a record 66.7 per cent of new car sales in mainland China during the first week of June. Photo: Reuters
Visitors inspect a BYD Seagull at this year's Auto China in Beijing. Electric vehicles accounted for a record 66.7 per cent of new car sales in mainland China during the first week of June. Photo: Reuters
IPO

China’s space start-ups eye IPO boom as SpaceX heads for record listing

China’s emerging aerospace firms are lining up to list as SpaceX’s blockbuster flotation shines a spotlight on the sector.

China trade

China’s BYD challenges iconic auto giants as hybrid demand surges in Germany

A three-fold jump in BYD’s German registrations highlights shift towards lower-tariff models, as company chairman says ‘the worst is over’.

videocam
Advertisement
Advertisement
Advertisement
China’s private sector

China biotech firms say global push is ‘irreversible’ despite US barriers

Chinese drug makers are increasingly relying on overseas licensing deals to reach global markets amid growing geopolitical tensions.

Chinese companies now account for about half of all global biotechnology business development deals. Photo: Shutterstock
Chinese companies now account for about half of all global biotechnology business development deals. Photo: Shutterstock
Semiconductors

To beat chip crunch, Chinese firm inks memory deal bigger than its sales

The US$1.86 billion multi-year flash deal with unnamed supplier underscores how downstream companies scramble to secure capacity.

Mainland China

J&T Express faces risk of tougher penalties as China opens formal safety probe

Investors are concerned about the impact of heavier penalties, higher compliance costs and safety oversight amid the probe.

HKEX

Hong Kong emerges as top listing hub for global tech firms, HKEX says

Exchange will review listing rules introduced since 2018 to consolidate its competitiveness in the global fundraising market.

Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing, poses with humanoid robots at the bourse operator's Future Tech Summit in Shenzhen on Thursday. Photo: Handout
China stock market

Red-chip listing to make Chinese green power producer Shenzhen’s biggest IPO

Wind and solar producer plans multiple projects amid China’s push to deepen its insulation from global oil-shock pressures.

China Resources New Energy is set to become the first Shenzhen-listed company incorporated overseas but operating mainly in mainland China under the red-chip structure. Photo: Roy Issa
China Resources New Energy is set to become the first Shenzhen-listed company incorporated overseas but operating mainly in mainland China under the red-chip structure. Photo: Roy Issa
Electric & new energy vehicles

BYD powers past Geely as oil shock charges up global EV demand

Strong overseas demand for battery-powered cars helped BYD recover from a first-quarter setback and retake pole position.

Hong Kong stock market

How the AI trade is stirring dotcom-era jitters across global markets

Signs of excess are mounting in AI trade, with soaring IPOs and stretched valuations echoing run-ups to past market peaks, analysts say.

Banking & finance

New York leads, but Asia-Pacific’s financial hubs are on the rise

The centre of gravity is shifting east in the financial services world, but New York remains the global benchmark, says Colliers report.

Singapore ranked third in a Colliers report on the world's leading financial centres, behind New York and London. Photo: AFP
Banking & finance

Tencent, Swire boost Hong Kong debt market with US$5.2b multi-currency deals

Investor appetite for Hong Kong debt is growing, with the offerings reinforcing the city’s role as a global bond hub.

Tencent has unveiled a dual-currency bond package worth US$2.45 billion in US dollar notes and 15 billion yuan (US$2.2 billion) in offshore yuan notes. Photo: Reuters
Tencent has unveiled a dual-currency bond package worth US$2.45 billion in US dollar notes and 15 billion yuan (US$2.2 billion) in offshore yuan notes. Photo: Reuters
China’s private sector

Chinese pharmaceutical firms’ cost advantages trump Pentagon blacklist: analysts

Growing collaboration between multinational drug makers and Chinese companies not expected to slow after US move.

Electric & new energy vehicles

BYD playing catch-up with demand for fast-charging batteries

Carmaker says sales volume this year will be limited by battery production, which it is expanding by 20,000 to 30,000 units per month.

Advertisement
Advertisement
Advertisement
Banking & finance

Hong Kong rolls out incentives to boost role as a corporate treasury hub

Plan expands tax concessions and introduces pre-approval mechanism to lure multinationals to manage capital and risk in the city.

Hong Kong is also pursuing more double-taxation agreements with major trading partners to prevent overseas companies using Hong Kong as a treasury base from being taxed twice. Photo: Karma Lo
Hong Kong is also pursuing more double-taxation agreements with major trading partners to prevent overseas companies using Hong Kong as a treasury base from being taxed twice. Photo: Karma Lo
US-China relations

Pentagon blacklists China tech giants as US competition expands

Alibaba, Baidu, BYD and Unitree were among Chinese companies added to a US military blacklist as competition between the nations expands further into technology.

Hong Kong stock market

Alibaba and WuXi AppTec decline in Hong Kong after addition to US blacklist

Designation of Chinese firms fuels investor unease, with markets bracing for a potential Fed tightening and an unwinding of the AI trade.

Artificial intelligence

Zhipu vs MiniMax: what’s driving the widening valuation gap in Hong Kong

Zhipu’s valuation now eclipses MiniMax, but looming lock-up tests may unleash volatility in Hong Kong’s AI stocks, analysts say.

At the market close on Monday, Zhipu’s market cap stood at HK$585.8 billion, about 2.6 times higher than Minimax’s HK$159.3 billion. Photo: Shutterstock
Mergers & Acquisitions

China’s fast-changing consumers force MNCs to adapt via local alliances

General Mills and Mölnlycke follow Starbucks, Burger King in forging partnerships to better tap local market insights.

People buy coffee at a mobile Starbucks set up next to a historic building in Beijing on January 30, 2025. Photo: AFP
People buy coffee at a mobile Starbucks set up next to a historic building in Beijing on January 30, 2025. Photo: AFP
Electric & new energy vehicles

China’s EV giants challenge Tesla in race to commercialise humanoid robots

After years of competing with Tesla in electric vehicles and self-driving technology, Chinese manufacturers are targeting humanoid robots.

5
Macau

Hong Kong-listed Tencent eyes global note issuance amid AI investment surge

Firm expands note programme to up to US$30 billion and proposes international offering to professional investors in next 12 months.

Hong Kong stock market

Hong Kong tech gauge welcomes MiniMax, Zhipu in AI milestone amid slump

Analysts say substantial passive inflows may follow the inclusion of MiniMax and Zhipu, though looming lock-up expiries risk diluting gains.

Morgan Stanley projected that had MiniMax and Zhipu been included in the Hang Seng Tech Index at the time of their IPOs, replacing the benchmark’s two smallest constituents, the index’s year-to-date return would have been about 5 percentage points higher. Photo: Shutterstock
Help preserve 120 years of quality journalism.
SUPPORT NOW