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Battery maker CATL has posted record quarterly sales amid the Iran war, which has driven global demand for green-energy solutions. Photo: Shutterstock Images
Business of climate change

Chinese battery giant CATL rides green energy boom as revenue soars 57%

The results, despite being record figures, slightly missed market estimates of 148.6 billion yuan in revenue and 23.4 billion yuan profit.

Tencent

Tencent fires WeChat manager after 7-figure bonus leaks online, sparks uproar

IPO

Chinese GPU start-up MetaX confidentially files for Hong Kong listing: sources

Banking & finance

As weight-loss drug orders surge, global funds pile into China’s WuXi AppTec

Pharmaceutical contractor’s GLP-1 programmes and surging stock gains have made it a magnet for global investors.

WuXi AppTec’s Hong Kong-traded shares surged 37 per cent in the first half of the year. Photo: Shutterstock
WuXi AppTec’s Hong Kong-traded shares surged 37 per cent in the first half of the year. Photo: Shutterstock
Banking & finance

HSBC agrees to US$2 billion deal to sell Singapore insurance branch to Allianz

Allianz is set to buy the bank’s Singapore insurance arm, entering a 15-year distribution pact as HSBC streamlines its global operations.

China stock market

Investors fret as China’s A-share divorces echo Bezos’ Amazon split

Retail investors worry about secondary share-price movements following equity transfers resulting from large shareholders’ divorces.

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Electric & new energy vehicles

Powering ahead: China’s Geely taps Ford’s Spain plant for European EV expansion

Tie-up breathes new life into plant near Valencia and signals Chinese carmakers’ stepped-up push to go global amid tariff pressures.

Welding robots at work at Geely’s plant in Yiwu, China’s Zhejiang province. Photo: Xinhua
Welding robots at work at Geely’s plant in Yiwu, China’s Zhejiang province. Photo: Xinhua
IPO

Zhongji sets highest subscription threshold in Hong Kong IPO history

Zhongji sets an IPO city record for minimum lot price, which may price out retail investors though institutional demand remains strong.

Robotics

Alibaba unit says 5-in-1 AI gives robots unified brain, body

ABot framework addresses industry’s lack of a complete, self-evolving system to improve robot capabilities, according to Amap.

Banking & finance

Chinese bank touts digital currency platform’s largest transfers yet

Bank of China uses mBridge for two cross-border transfers worth more than US$1.7 billion each, as CBDC platform gathers momentum.

By late June, total cumulative transactions on mBridge passed 600 billion yuan (US$88.6 billion). Photo: Shutterstock Images
Electric & new energy vehicles

Foreign carmakers lose more traction in China as luxury sales slide

Mercedes, Land Rover, BMW, Jaguar and Infiniti take further hit as consumers shun pricey, petrol-powered vehicles.

A woman promotes the GLC SUV via a video stream at the Mercedes-Benz booth during Auto China 2026 in Beijing on April 24. Photo: AP Photo
A woman promotes the GLC SUV via a video stream at the Mercedes-Benz booth during Auto China 2026 in Beijing on April 24. Photo: AP Photo
China’s private sector

‘Historic breakthrough’: China approves novel drug ahead of US, Japan and Europe

Push to accelerate novel drug reviews promises earlier access to breakthrough therapies for patients long left waiting.

Hong Kong stock market

Zhongji Innolight already has 30 cornerstone investors for US$8b IPO: sources

The Chinese firm is aiming to raise US$8 billion in its Hong Kong listing on July 30, making it the city’s biggest share sale in seven years.

Banking & finance

Healthcare IPO wave: US biotech firm picks Hong Kong over Nasdaq for listing

Axiom Biosciences founder says Hong Kong investors show greater maturity than Nasdaq in handling biotech companies.

Axiom Biosciences joins a swelling roster of healthcare firms seeking IPO approval in Hong Kong. Photo: Shutterstock
Chinese offshore investment

Beijing targets offshore tax dodging, intensifying cross-border capital scrutiny

Major financial outlets blast offshore shell structures after case involving the Hong Kong entity of a mainland social media platform.

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A mobile screen shows the Momo dating app, operated by Hello Group, which was required to pay hundreds of millions of yuan in back taxes this year. Photo: Simon Song
A mobile screen shows the Momo dating app, operated by Hello Group, which was required to pay hundreds of millions of yuan in back taxes this year. Photo: Simon Song
China’s private sector

Fifa effect: Hong Kong developers bet on sport fever to keep shoppers spending

Neighbourhood malls to host year-round events encouraging consumers to open their wallets after World Cup mania delivers double-digit gains.

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Electric & new energy vehicles

As BYD marks Brazil milestone, Europe weighs response to surge in Chinese EVs

BYD hits 100,000 EVs in South American country, but calls grow in Europe for higher tariffs on Chinese products to shield local industry.

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China property

Tech-driven surge: new wealth fuels luxury housing boom in China’s AI stronghold

Landmark deals push Hangzhou’s luxury homes to fresh highs, powered by the country’s newly rich from start-ups and finance.

Buyers cleared all 66 units in Wangtianji’s first phase as soon as sales opened on July 16. Photo: Handout
Buyers cleared all 66 units in Wangtianji’s first phase as soon as sales opened on July 16. Photo: Handout
China’s private sector

‘Systemic leap’: China’s drug innovation push yields bumper crop

Home-grown therapies account for 80 per cent of approvals in first six months of the year.

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China property

Ikea’s China remodelling: parent firm to sell 8 former retail sites

Sales follow store closures as Swedish furniture retailer focuses on online channels amid sluggish property market, consumer spending.

China’s private sector

China to conclude Trip.com antitrust probes as soon as this week, sources say

Market regulator expected to close investigation into top online travel service provider, with potential fines running into billions of yuan.

Trip.com is expected to face fines of up to 6 billion yuan. Photo: Shutterstock
ETFs

What MPF’s 4.8m members could gain if rules are eased for Hong Kong-listed ETFs

Relaxing rules to widen ETF access will deliver stable returns at low cost while boosting local markets, chamber says.

The MPFA is being urged to consider following the Australian pension model, which allows members to directly invest part of their pension money in assets of their choice and not just designated MPF funds. Photo: Jelly Tse
The MPFA is being urged to consider following the Australian pension model, which allows members to directly invest part of their pension money in assets of their choice and not just designated MPF funds. Photo: Jelly Tse
China’s private sector

To survive China’s cost-conscious market, global brands embrace AI and robots

From L’Oréal to Coca-Cola, major multinationals are embedding cutting-edge technologies into operations to compete with local rivals.

China stock market

Open Questions | Citic Capital’s Zhang Yichen on the ABCs of China’s markets: IPOs, M&As and AI

The CEO discusses China’s evolving capital markets and why multinationals are turning to local partners amid shifting geopolitical dynamics.

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Hong Kong property

Hong Kong’s property market outlook cools amid capital outflow crackdown

Secondary residential market faces uncertainty following a strong first half, as Beijing’s capital outflow crackdown cools sentiment.

A pedestrian walks past a property agency in Quarry Bay as Hong Kong home prices rise for the 11th straight month on May 27, 2026. Photo: Karma Lo
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