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    <description>Corporate business news on companies from Hong Kong and overseas.</description>
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      <author>Zhang Shidong,Enoch Yiu</author>
      <dc:creator>Zhang Shidong,Enoch Yiu</dc:creator>
      <description>The US-Israeli war on Iran has unleashed sharp swings across global energy and financial markets, fuelling demand for safe-haven assets, with Hong Kong emerging as a potential beneficiary across gold, property and capital markets. In the third of a three-part series, we look at Hong Kong’s position as a stable base where demand for property has held firm despite the global turmoil.
The seven-week military conflict in the Middle East will redefine Hong Kong’s role as a global financial centre,...</description>
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      <link>https://www.scmp.com/business/china-business/article/3350634/hong-kong-reasserts-role-safe-haven-global-finance-amid-middle-east-turmoil?utm_source=rss_feed</link>
      <pubDate>Mon, 20 Apr 2026 02:30:10 +0000</pubDate>
      <title>Hong Kong reasserts role as safe haven in global finance amid Middle East turmoil</title>
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      <author>Cheryl Arcibal</author>
      <dc:creator>Cheryl Arcibal</dc:creator>
      <description>Hong Kong-headquartered Toys ‘R’ Us Asia has pivoted to an experience-focused format and smaller stores in the city following an expansion programme that sought to increase its outlets as it navigates the changing retail landscape.
The group planned to close the year with 20 stores in Hong Kong, representing a 40 per cent rise from 2025, said Leo Tsoi, CEO of the toys and collectibles retailer.
The strategy allows the group to be more nimble and adapt to the demographic shift, as toys and...</description>
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      <link>https://www.scmp.com/business/article/3350624/toys-r-us-game-changer-kidults-compact-shops-fuel-pivot-hong-kong-retail-evolves?utm_source=rss_feed</link>
      <pubDate>Mon, 20 Apr 2026 00:30:13 +0000</pubDate>
      <title>Toys ‘R’ Us game-changer: ‘kidults’, compact shops fuel pivot as Hong Kong retail evolves</title>
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      <author>Enoch Yiu</author>
      <dc:creator>Enoch Yiu</dc:creator>
      <description>Global retail investors have pulled back into cash amid uncertainties from Middle East conflicts, while high-net-worth clients have continued to pursue investment opportunities in Asia and alternative assets, according to the CEO of Schroders.
“What we saw in March was a reversal of the trend that we had seen at the end of 2025 and in January and February, when people increased their interest in investing in stocks,” said Richard Oldfield, global CEO of Schroders.
“What really happened in March...</description>
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      <pubDate>Sun, 19 Apr 2026 23:30:10 +0000</pubDate>
      <title>Global retail investors shift to cash, but Asia still draws wealthy clients: Schroders CEO</title>
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      <author>Eunice Xu</author>
      <dc:creator>Eunice Xu</dc:creator>
      <description>“State-of-the-art” (Sota) artificial intelligence models excel at solving complex Olympiad maths but still struggle with everyday enterprise tasks, according to an executive from a top AI unicorn in the US.
David Meyer, senior vice-president of product at US data processing and analysis company Databricks, told the South China Morning Post in a recent interview that the very traits making models state-of-the-art could cause issues in basic office work. For instance, when tasked with identifying...</description>
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      <pubDate>Sun, 19 Apr 2026 10:00:18 +0000</pubDate>
      <title>‘State-of-the-art’ models can struggle with basic enterprise tasks: AI unicorn executive</title>
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      <author>Julie Zhang</author>
      <dc:creator>Julie Zhang</dc:creator>
      <description>Chinese biomedical companies deploying cutting-edge technologies are emerging as serious competitors to Western dominance in the race to treat Parkinson’s disease, in a market that could reach US$16 billion over the next decade.
The firms are developing a range of approaches – from autologous cell therapies made from a patient’s own cells and ready-made cell products to gene therapies and non-invasive ultrasounds – although many of these candidates are still in early-stage trials.
Many patients...</description>
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      <link>https://www.scmp.com/business/china-business/article/3350615/how-chinese-drug-makers-are-tackling-western-dominance-us16-billion-parkinsons-race?utm_source=rss_feed</link>
      <pubDate>Sun, 19 Apr 2026 09:00:11 +0000</pubDate>
      <title>How Chinese drug makers are tackling Western dominance in US$16 billion Parkinson’s race</title>
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      <author>Yulu Ao</author>
      <dc:creator>Yulu Ao</dc:creator>
      <description>As the artificial intelligence race moves beyond language models into the physical world, Asia’s manufacturing and supply chain strengths could give it an edge over the US, says Granite Asia’s Jixun Foo.
The veteran venture capitalist said the current wave of AI development, sparked by breakthroughs in foundation models over the past two years, had entered a new phase where physical applications – from robotics to industrial automation – were becoming increasingly important, playing to Asia’s...</description>
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      <pubDate>Sun, 19 Apr 2026 06:00:18 +0000</pubDate>
      <title>Asia’s supply chain strengths could give it edge over US in AI race: Granite Asia’s Foo</title>
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      <author>Julie Zhang</author>
      <dc:creator>Julie Zhang</dc:creator>
      <description>A quarter featuring multiple eye-popping deals is no longer unusual for China’s pharmaceutical industry – in fact, it may soon be considered a slow season.
In recent months, companies including CSPC Pharmaceutical and RemeGen have struck out-licensing agreements worth up to US$18.5 billion and US$5.6 billion respectively, while Haisco Pharmaceutical Group has added two of its own — most recently a deal worth up to US$745 million.
Under the terms of the deal, the Beijing-based Haisco granted US...</description>
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      <link>https://www.scmp.com/business/china-business/article/3350421/chinas-biotech-firms-shift-gears-can-ai-floor-accelerator?utm_source=rss_feed</link>
      <pubDate>Sat, 18 Apr 2026 03:00:12 +0000</pubDate>
      <title>As China’s biotech firms shift gears, can AI floor the accelerator?</title>
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      <author>Minxiao Chang</author>
      <dc:creator>Minxiao Chang</dc:creator>
      <description>As China’s artificial intelligence sector accelerates, competition for top talent has intensified among major tech companies, with firms increasingly poaching from rivals while also attracting researchers from overseas hubs such as Silicon Valley.
A reported high-profile personnel move involving DeepSeek researcher Guo Daya recently drew attention to the sensitivity surrounding AI hiring in China’s tech sector.
Guo, a lead researcher on DeepSeek’s R1 model, joined ByteDance’s Seed AI development...</description>
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      <pubDate>Sat, 18 Apr 2026 01:00:32 +0000</pubDate>
      <title>ByteDance, Tencent step up AI talent battle amid reported departure of DeepSeek researcher</title>
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      <author>Xiaofei Xu</author>
      <dc:creator>Xiaofei Xu</dc:creator>
      <description>China’s leading LED chipmaker and its Malaysian partner have abandoned their US$239 million cash offer to purchase Dutch technology company Lumileds Holding after opposition from US authorities, marking the latest setback for Chinese tech investment overseas following the high-profile Nexperia saga.
Sanan Optoelectronics, listed in Shanghai, said in a disclosure announcement on Friday that despite multiple rounds of discussions, the Committee on Foreign Investment in the United States (CFIUS)...</description>
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      <pubDate>Fri, 17 Apr 2026 14:30:07 +0000</pubDate>
      <title>Chinese LED chipmaker’s purchase of Dutch firm collapses after US opposition</title>
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      <author>Daniel Ren</author>
      <dc:creator>Daniel Ren</dc:creator>
      <description>Hong Kong Exchanges and Clearing (HKEX) has proposed halving the cash settlement cycle for share trading as part of efforts to enhance market efficiency and liquidity.
The city’s bourse operator said in a consultation paper on Friday that it aimed to implement a “T+1” system – under which trades are settled one day after the transaction – in the fourth quarter of 2027, replacing the existing “T+2” cycle.
If adopted, the shortened cycle would apply to equities, exchange-traded products,...</description>
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      <pubDate>Fri, 17 Apr 2026 13:51:01 +0000</pubDate>
      <title>HKEX proposes halving share settlement cycle in bid to boost Hong Kong’s financial profile</title>
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      <author>Coco Feng</author>
      <dc:creator>Coco Feng</dc:creator>
      <description>Nvidia CEO Jensen Huang said on a recent podcast that if Chinese artificial intelligence start-up DeepSeek optimised its new models on chips from Huawei Technologies, it would be “a horrible outcome” for the US.
If “future AI models are optimised in a very different way than the American tech stack”, and as “AI diffuses out into the rest of the world” with Chinese standards and technology, China “will become superior to” the US, Huang said on the Dwarkesh Podcast on Wednesday.
The conversation...</description>
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      <pubDate>Fri, 17 Apr 2026 10:00:14 +0000</pubDate>
      <title>Nvidia’s Jensen Huang warns Huawei chips for DeepSeek AI models would be ‘horrible’ for US</title>
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      <author>Zhang Shidong</author>
      <dc:creator>Zhang Shidong</dc:creator>
      <description>Chinese billionaire investor Duan Yongping touted Pop Mart International Group as a long-term investment and hinted that he may have already started building bullish bets, further validating his confidence in companies that are grappling with growth concerns.
Duan, dubbed China’s Warren Buffett by some investors, recently said on social media that the toymaker had great growth potential to achieve its globalisation goal and that the barriers built by the company were enough to fend off...</description>
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      <pubDate>Fri, 17 Apr 2026 09:00:10 +0000</pubDate>
      <title>China’s Warren Buffett calls Pop Mart a long-term buy, hints at Labubu maker stake</title>
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      <author>Zhang Shidong</author>
      <dc:creator>Zhang Shidong</dc:creator>
      <description>SenseTime Group plans to raise HK$3.25 billion (US$415.2 million) through a share placement to fund investments in advanced artificial intelligence, joining a wave of companies tapping Hong Kong’s equity market amid improving sentiment.
The Chinese AI company planned to sell 1.7 billion shares at HK$1.9 each, representing an 8.6 per cent discount to Thursday’s closing price, it said in a filing to the Hong Kong stock exchange on Friday.
The new shares will account for about 4.04 per cent of its...</description>
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      <pubDate>Fri, 17 Apr 2026 04:33:00 +0000</pubDate>
      <title>Chinese AI firm SenseTime to raise US$415 million via share placement</title>
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    <item>
      <author>Wency Chen,Yulu Ao</author>
      <dc:creator>Wency Chen,Yulu Ao</dc:creator>
      <description>Manycore Tech, a design software developer hailed as one of Hangzhou’s “Six Little Dragons”, made its trading debut in Hong Kong on Friday, with shares rising 172 per cent at the open, as the company positions itself at the intersection of artificial intelligence and the physical world.
The stock opened at HK$20.70, surging 172 per cent from its HK$7.62 offer price before ending the day at HK$18.60, up 144 per cent. The firm raised HK$1.09 billion (US$160 million) from its initial public...</description>
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      <pubDate>Fri, 17 Apr 2026 01:32:52 +0000</pubDate>
      <title>Manycore, one of Hangzhou’s ‘Six Little Dragons’, surges on Hong Kong IPO debut</title>
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    <item>
      <author>Vincent Chow</author>
      <dc:creator>Vincent Chow</dc:creator>
      <description>In China’s hyper-competitive and lucrative tech industry, releasing cutting-edge artificial intelligence models for free may seem counter-intuitive – but it has become a core business strategy.
At the University of Hong Kong last November, Alibaba Group Holding chairman Joe Tsai was asked why the tech giant open-sourced its AI models. Addressing a room full of students, Tsai said he believed open-source AI would bring global benefits by lowering costs, making it a natural fit for talent- and...</description>
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      <pubDate>Fri, 17 Apr 2026 01:00:17 +0000</pubDate>
      <title>China’s AI firms scaled up on open-source models. The next phase may be different</title>
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    <item>
      <author>Daniel Ren</author>
      <dc:creator>Daniel Ren</dc:creator>
      <description>One in every six Asia-Pacific companies would face credit pressure from a prolonged energy shock arising from the Middle East conflict, as they deal with higher costs from rising oil prices and supply disruptions, according to S&amp;P Global Ratings.
Companies in the fields of downstream oil and gas, aviation, automotive, engineering and construction, and building materials would bear the brunt of the pain brought on by the war that has already sent crude prices up more than 30 per cent since the...</description>
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      <pubDate>Thu, 16 Apr 2026 23:00:13 +0000</pubDate>
      <title>1 in 6 Asia-Pacific firms faces credit pressure from Iran war energy shock, S&amp;P says</title>
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    <item>
      <author>Daniel Ren</author>
      <dc:creator>Daniel Ren</dc:creator>
      <description>Ganfeng Lithium, the world’s largest producer of lithium metal, has issued a strong profit forecast for the first quarter of this year as soaring demand for electric vehicles (EVs) and energy storage system (ESS) batteries lifted earnings.
The company, based in China’s central Jiangxi province, said in an exchange filing on Thursday that increasing orders had driven up prices of lithium – a key material for EV and ESS batteries – helping it post an estimated profit of 1.6 billion yuan (US$234...</description>
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      <link>https://www.scmp.com/business/banking-finance/article/3350364/chinas-lithium-giant-ganfeng-sees-profit-jump-demand-evs-and-ess-batteries-soars?utm_source=rss_feed</link>
      <pubDate>Thu, 16 Apr 2026 14:40:24 +0000</pubDate>
      <title>China’s lithium giant Ganfeng sees profit jump as demand for EVs and ESS batteries soars</title>
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    <item>
      <author>Themis Qi</author>
      <dc:creator>Themis Qi</dc:creator>
      <description>Geopolitical tensions are expected to further drive fundraising demand in the mining sector amid a commodities “supercycle”, although concerns over national security could complicate dealmaking, according to industry experts.
Johnson Chui, head of global issuer services at Hong Kong Exchanges and Clearing (HKEX), said 2025 had been an inflection point. Mining and metals companies had become a key driver in the capital market as rising commodity prices, triggered by the energy transition and...</description>
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      <link>https://www.scmp.com/business/commodities/article/3350334/geopolitics-further-fuel-hong-kong-mining-fundraising-amid-supercycle-experts-say?utm_source=rss_feed</link>
      <pubDate>Thu, 16 Apr 2026 11:00:11 +0000</pubDate>
      <title>Geopolitics to further fuel Hong Kong mining fundraising amid ‘supercycle’, experts say</title>
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      <author>Julie Zhang</author>
      <dc:creator>Julie Zhang</dc:creator>
      <description>Non-invasive brain-computer interfaces (BCI) that read neural signals through the skin could help patients manage symptoms for some brain conditions, according to BrainCo, a Harvard-incubated start-up.
BrainCo’s BCI technology could “read brain neural signals and translate them into commands to control machines to modulate brain function and help cure some brain diseases”, said Nyx He, a partner and senior vice-president of BrainCo, at the HSBC Global Investment Summit on Thursday.
The...</description>
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      <pubDate>Thu, 16 Apr 2026 09:10:34 +0000</pubDate>
      <title>BrainCo’s brain-computer interface wows at HSBC summit with mind-controlled hand</title>
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    <item>
      <author>Themis Qi</author>
      <dc:creator>Themis Qi</dc:creator>
      <description>Shares of Chinese energy storage system (ESS) maker Sigenergy Technology jumped 103 per cent on their Hong Kong trading debut, as concerns surrounding energy security due to the conflict in the Middle East boost demand for renewable-energy solutions.
The Shanghai-based company’s shares opened at HK$581, versus its offer price of HK$324.20. It climbed further and closed at HK$659.50. The firm raised HK$4.4 billion (US$560 million) from its initial public offering.
On the grey market on Wednesday...</description>
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      <pubDate>Thu, 16 Apr 2026 05:23:05 +0000</pubDate>
      <title>Sigenergy jumps 103% in Hong Kong debut on rising energy storage demand</title>
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    <item>
      <author>Xiaofei Xu</author>
      <dc:creator>Xiaofei Xu</dc:creator>
      <description>Dutch chipmaker ASML upgraded its 2026 sales outlook on Wednesday, citing strong demand, even as China’s share of global shipments continued to decline and the firm braced for a potential new round of US export controls targeting China.
The company projected net sales for the year to fall between €36 billion (US$42.5 billion) and €40 billion, as it released its first-quarter results, up from its previous forecast of between €34 billion and €39 billion made in January.
The semiconductor...</description>
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      <pubDate>Thu, 16 Apr 2026 03:29:22 +0000</pubDate>
      <title>ASML boosts 2026 sales forecast despite shrinking China sales</title>
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    <item>
      <author>Cheryl Arcibal</author>
      <dc:creator>Cheryl Arcibal</dc:creator>
      <description>Futu Securities is the latest non-food and beverage retailer to sell coffee and other drinks in one of its outlets in Hong Kong as the online stock brokerage adapts to its clients’ lifestyle, according to a spokesman.
Futu Café was officially launched on Thursday at the Futu Store on Lee Garden Road, Causeway Bay, close to its flagship store on Russell Street. Cups of espresso, Americano and iced blue coconut water, among other drinks, are available between 7.30am and 7.30pm.
The launch of the...</description>
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      <pubDate>Wed, 15 Apr 2026 23:30:08 +0000</pubDate>
      <title>Futu Securities opens coffee shop in branch as it adapts to changing client ‘lifestyles’</title>
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    <item>
      <author>Daniel Ren</author>
      <dc:creator>Daniel Ren</dc:creator>
      <description>Contemporary Amperex Technology Ltd (CATL), China’s electric vehicle (EV) battery king, plans to earmark 30 billion yuan (US$4.4 billion) to establish a subsidiary to manage and expand mining assets, after the global energy shock paved the way for a quicker entry into the world’s automotive and energy storage system (ESS) markets.
The investment arm, in line with CATL’s long-term growth strategy, would integrate existing mining assets, pursue high-quality mineral projects at home and abroad, and...</description>
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      <link>https://www.scmp.com/business/china-business/article/3350213/chinas-catl-invest-us44-billion-mining-arm-secure-ev-battery-supply-chain?utm_source=rss_feed</link>
      <pubDate>Wed, 15 Apr 2026 13:50:49 +0000</pubDate>
      <title>China’s CATL to invest US$4.4 billion in mining arm to secure EV battery supply chain</title>
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    </item>
    <item>
      <author>Minxiao Chang</author>
      <dc:creator>Minxiao Chang</dc:creator>
      <description>Silicon photonic computing chips – long overlooked in the artificial intelligence hardware stack – are emerging as a new focal point in mainland China’s semiconductor push, as domestic companies move towards public listings amid intensifying US-China competition and surging demand for next-generation computing infrastructure.
Shanghai-based Lightelligence, the first company globally to achieve large-scale deployment of hybrid optical-electronic computing, passed its Hong Kong listing hearing on...</description>
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      <pubDate>Wed, 15 Apr 2026 11:00:31 +0000</pubDate>
      <title>Lightelligence on track with IPO plans as China’s AI photonics race gathers pace</title>
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    <item>
      <author>Julie Zhang</author>
      <dc:creator>Julie Zhang</dc:creator>
      <description>Hong Kong initial public offerings (IPOs) are attracting strong international demand as global funds rebuild their exposure to China after years of underinvestment, according to Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing.
The Hong Kong stock exchange was seeing “very good momentum on both the supply and demand sides” for IPOs, Chan told a panel discussion at the HSBC Global Investment Summit on Wednesday.
On the “cornerstone front”, last year saw “a very strong pickup by...</description>
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      <link>https://www.scmp.com/business/banking-finance/article/3350162/global-funds-fuel-hong-kong-ipo-rebound-investors-rebalance-china-portfolios-hkex?utm_source=rss_feed</link>
      <pubDate>Wed, 15 Apr 2026 09:00:13 +0000</pubDate>
      <title>Global funds fuel Hong Kong IPO rebound as investors rebalance China portfolios: HKEX</title>
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      <author>Cheryl Arcibal</author>
      <dc:creator>Cheryl Arcibal</dc:creator>
      <description>DBS Bank (Hong Kong) has agreed to pay about HK$2.62 billion (US$334 million) for six floors at The Center – once the world’s most expensive skyscraper – marking the city’s largest office transaction so far this year.
The lender acquired the 32nd, 36th, 37th, 56th, 62nd and 76th floors late last month, with the deal registered on Tuesday, according to Land Registry records. The purchase adds 151,934 sq ft of gross floor area, DBS said in a statement on Wednesday.
The price works out to roughly...</description>
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      <pubDate>Wed, 15 Apr 2026 06:50:31 +0000</pubDate>
      <title>DBS Hong Kong acquires six floors at The Center in US$334 million deal</title>
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    <item>
      <author>Themis Qi</author>
      <dc:creator>Themis Qi</dc:creator>
      <description>Shanghai-listed Huaqin, one of the world’s largest consumer electronics original design manufacturers (ODMs), kicked off a Hong Kong share sale on Wednesday, aiming to raise up to HK$4.55 billion (US$580 million).
The electronics giant – the latest mainland-listed firm to tap Hong Kong’s stock market with Beijing’s backing – is offering 58.55 million shares, with 10 per cent earmarked for retail investors and the rest for international placement.
The maximum offer price of HK$77.70 per share...</description>
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      <pubDate>Wed, 15 Apr 2026 06:00:51 +0000</pubDate>
      <title>Huaqin’s US$580 million Hong Kong share sale attracts JPMorgan and UBS</title>
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    </item>
    <item>
      <author>Yulu Ao</author>
      <dc:creator>Yulu Ao</dc:creator>
      <description>Hong Kong stocks advanced on Wednesday, tracking overnight gains on Wall Street, as renewed optimism over a potential resumption of US-Iran talks eased geopolitical concerns and dragged oil prices lower.
The benchmark Hang Seng Index closed 0.3 per cent higher at 25,947.32, extending a 0.8 per cent gain on Tuesday. On the mainland, the CSI 300 Index fell 0.3 per cent while the Shanghai Composite Index was little changed. The ChiNext Index closed 1.2 per cent lower after jumping as much as 1.1...</description>
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      <pubDate>Wed, 15 Apr 2026 02:28:04 +0000</pubDate>
      <title>Hong Kong stocks rise as hopes of US-Iran talks ease oil price fears</title>
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    <item>
      <author>Enoch Yiu</author>
      <dc:creator>Enoch Yiu</dc:creator>
      <description>For Hong Kong’s 3.3 million PayMe users, everyday transactions such as buying coffee or splitting bills with friends could soon involve stablecoins, with HSBC preparing to introduce the digital currency in the second half of this year.
That comes after HSBC Holdings, together with a Standard Chartered-led joint venture, became the first to obtain a stablecoin issuer licence from the Hong Kong Monetary Authority on Friday, marking a breakthrough in the city’s digital finance development.
HSBC,...</description>
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      <pubDate>Wed, 15 Apr 2026 00:00:37 +0000</pubDate>
      <title>How PayMe’s 3.3 million users and Hong Kong firms could start using stablecoins</title>
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    </item>
    <item>
      <author>Daniel Ren</author>
      <dc:creator>Daniel Ren</dc:creator>
      <description>Tesla’s Shanghai Gigafactory, its largest production base, has the potential to build humanoid robots in future, the company’s China president says, with its manufacturing efficiency and innovative capability seen as potential drivers of CEO Elon Musk’s hopes of commercialising the technology swiftly.
Allan Wang Hao said in a media briefing on Tuesday that the Shanghai Gigafactory could provide a “golden key” to the mass production of robots designed to resemble and move like humans.
“Like other...</description>
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      <pubDate>Tue, 14 Apr 2026 13:02:53 +0000</pubDate>
      <title>Shanghai Gigafactory has potential to construct humanoid robots: Tesla China president</title>
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    </item>
    <item>
      <author>Zhu Wenqian,Daniel Ren</author>
      <dc:creator>Zhu Wenqian,Daniel Ren</dc:creator>
      <description>Chinese companies – from sectors as diverse as bubble tea, budget retail and cars – are expanding their presence in Brazil, with analysts saying the robust trade ties between China and Latin America’s biggest economy could help pave the way for further investment.
Mixue Group, known for its affordable ice cream and beverages, opened its first Brazil outlet on Saturday, drawing large crowds in Sao Paulo, the country’s largest city. The opening marked its third store in the Americas after...</description>
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      <pubDate>Tue, 14 Apr 2026 06:57:44 +0000</pubDate>
      <title>Chinese firms target Brazil as it becomes a magnet for expansion</title>
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    <item>
      <author>Zhu Wenqian</author>
      <dc:creator>Zhu Wenqian</dc:creator>
      <description>China Evergrande Group’s founder and former chairman Hui Ka-yan pleaded guilty to charges including embezzlement of corporate assets and corporate bribery, according to a statement issued by the Shenzhen Intermediate People’s Court.
The trial was held on Monday and Tuesday, and the court said it would issue its judgment at a later date.
The charges against Hui and Evergrande also included illegally absorbing public deposits, fundraising fraud, illegal loan issuance, fraudulent issuance of...</description>
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      <pubDate>Tue, 14 Apr 2026 04:26:24 +0000</pubDate>
      <title>Founder of China’s Evergrande Group Hui Ka-yan pleads guilty in fraud trial</title>
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    </item>
    <item>
      <author>Daniel Ren</author>
      <dc:creator>Daniel Ren</dc:creator>
      <description>China’s tea-drink market, with estimated annual sales of 370 billion yuan (US$54.2 billion), has become yet another example of involution as brutal price competition threatens to expel thousands of unprofitable small players.
The dire scenario represents a rude reminder to those who hope to strike it rich by investing in a fast-growing business in mainland China’s vast consumer market, which abounds with boom-to-bust cycles.
“Bubble tea is a dynamic market, and it is never easy to make money...</description>
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      <pubDate>Mon, 13 Apr 2026 04:35:43 +0000</pubDate>
      <title>China’s tea-drink shops thirst for profits as price wars dry up prospects</title>
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    <item>
      <author>Themis Qi</author>
      <dc:creator>Themis Qi</dc:creator>
      <description>While China’s electric vehicle (EV) makers are struggling amid fierce competition, battery giant Contemporary Amperex Technology Ltd (CATL) is consolidating its dominance, building its profits while erecting technological barriers to increase its pricing power.
Amid the oil crisis, CATL’s market capitalisation hit an all-time high of HK$2.7 trillion (US$345 billion) on Monday, after its shares rewrote records multiple times in both Shenzhen and Hong Kong, touching 433.33 yuan and HK$701,...</description>
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      <link>https://www.scmp.com/business/china-evs/article/3349723/how-chinas-ev-battery-king-catl-powers-profits-while-ev-makers-struggle?utm_source=rss_feed</link>
      <pubDate>Sun, 12 Apr 2026 23:00:13 +0000</pubDate>
      <title>How China’s EV battery king CATL powers up profits while EV makers struggle</title>
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    <item>
      <author>Peggy Ye</author>
      <dc:creator>Peggy Ye</dc:creator>
      <description>While Hong Kong developers have accelerated project launches following the Easter holiday, primary home sales are settling into a measured phase following an earlier surge in demand.
The shift is evident at La Mirabelle I in Tseung Kwan O, where Sino Land and its partners released a third batch of units on Sunday. Buyers snapped up 71 of the 261 units on offer, pointing to less urgent demand than in earlier rounds.
The latest batch comprises 33 one-bedroom units, 178 two-bedroom units and 50...</description>
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      <pubDate>Sun, 12 Apr 2026 07:30:17 +0000</pubDate>
      <title>Hong Kong home sales outlook firm even as demand ebbs at Tseung Kwan O project</title>
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    <item>
      <author>Themis Qi</author>
      <dc:creator>Themis Qi</dc:creator>
      <description>The chairmen of China’s battery and solar giants have called for more top-down regulations to rein in cutthroat competition, warning that unchecked overcapacity is squeezing profits and threatening the industry’s stability.
Despite tailwinds including the Middle East conflict that could increase demand for renewable products, overcapacity remains a major challenge for industry players.
Zhang Tianren, chairman of Tianneng Holding Group – ranked second behind Contemporary Amperex Technology Ltd...</description>
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      <pubDate>Sun, 12 Apr 2026 06:00:15 +0000</pubDate>
      <title>China’s battery, solar bosses urge top-down rules as overcapacity clouds industry outlook</title>
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    <item>
      <author>Daniel Ren</author>
      <dc:creator>Daniel Ren</dc:creator>
      <description>Hyundai Motor has spearheaded a comeback among foreign marques vying for a slice of the Chinese electric vehicle (EV) market, launching a new brand built around local technologies and partnerships.
The South Korean carmaker, which reversed a six-year sales decline in 2025, said it would soon introduce production models under the Ioniq brand tailored for Chinese consumers, as it steps up its push into the world’s largest automotive market.
“The newly launched Ioniq brand in China evolves beyond a...</description>
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      <pubDate>Sun, 12 Apr 2026 05:20:54 +0000</pubDate>
      <title>Hyundai spearheads foreign EV comeback push in China with Ioniq brand</title>
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    <item>
      <author>Daniel Ren,Enoch Yiu</author>
      <dc:creator>Daniel Ren,Enoch Yiu</dc:creator>
      <description>The Hong Kong Monetary Authority (HKMA) is being urged to go further in loosening restrictions on stablecoins, after granting the city’s first two licences to banks to issue the digital currency.
Bankers, venture capitalists and analysts said the long-awaited approvals – awarded to HSBC and a joint venture led by Standard Chartered – fell short of market expectations, underscoring the regulator’s cautious stance amid lingering risk concerns.
“It came as a surprise that only two licences were...</description>
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      <pubDate>Sat, 11 Apr 2026 09:10:21 +0000</pubDate>
      <title>Hong Kong regulator urged to expand stablecoin rules after cautious roll-out</title>
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    </item>
    <item>
      <author>Julie Zhang</author>
      <dc:creator>Julie Zhang</dc:creator>
      <description>China’s healthcare sector has been drawing offshore capital to Hong Kong-listed stocks as investors look for safe havens amid global volatility in commodities.
The Hang Seng Healthcare Index, tracking some of China’s most innovative pharmaceutical companies including Akeso and Innovent Biologics, has surged about 13 per cent since March 23, outpacing the benchmark Hang Seng Index’s about 6 per cent gain over the same period.
“Although the Middle East conflict has created a lot of uncertainty and...</description>
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      <pubDate>Fri, 10 Apr 2026 07:30:09 +0000</pubDate>
      <title>China healthcare stocks outgain Hong Kong market as Middle East roils global investments</title>
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    <item>
      <author>Peggy Ye</author>
      <dc:creator>Peggy Ye</dc:creator>
      <description>Jardine Matheson is giving up its remaining office space in FWD Tower at Taikoo Place and plans to relocate staff back to Jardine House in Central as part of operational consolidation, sources said.
The move reflects a wider trend of companies consolidating into the core district, where demand for premium office space has been strengthening.
The group’s primary office at Jardine House, part of its own property portfolio, “is now undergoing renovations to create a modern workspace that will...</description>
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      <pubDate>Fri, 10 Apr 2026 04:05:07 +0000</pubDate>
      <title>Jardine Matheson to exit Swire’s Taikoo Place, consolidate offices in Central: sources</title>
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    </item>
    <item>
      <author>Minxiao Chang</author>
      <dc:creator>Minxiao Chang</dc:creator>
      <description>Alibaba Cloud captured more than 50 per cent of global open-source model downloads as of March following the release of its Qwen 3.5 model series, a new report has found.
The finding underscores the dominance of Chinese models in the global open-source artificial intelligence landscape, though some US companies including OpenAI and Nvidia are also making early gains.
Qwen reached nearly 1 billion cumulative downloads by March, far surpassing rivals like Meta Platforms’ Llama and DeepSeek,...</description>
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      <pubDate>Fri, 10 Apr 2026 02:00:14 +0000</pubDate>
      <title>Alibaba’s Qwen family captures over 50% of global open-source downloads, report finds</title>
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      <author>Themis Qi</author>
      <dc:creator>Themis Qi</dc:creator>
      <description>Three solid-state battery developers across China and the US are moving towards initial public offerings (IPOs), as geopolitical tensions and elevated oil prices fuel demand for more energy-efficient technologies.
Qingtao (Kunshan) Energy Development Group became the latest to join the queue, filing for a Hong Kong listing on April 8.
Earlier, Beijing WeLion New Energy began the pre-listing tutoring process ahead of a planned application to the Shenzhen Stock Exchange, while US-based Factorial...</description>
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      <pubDate>Fri, 10 Apr 2026 01:30:17 +0000</pubDate>
      <title>Solid-state battery firms in China and US line up IPOs as oil prices lift EV appeal</title>
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      <author>Cheryl Arcibal</author>
      <dc:creator>Cheryl Arcibal</dc:creator>
      <description>Hong Kong developers are preparing to launch nearly 1,300 units in the coming days and weeks, with some edging up prices amid improving homebuying sentiment.
On Sunday, 261 units at La Mirabelle I will be released, with average prices ranging from HK$15,335 (US$1,958) to HK$19,613 per square foot after discounts of up to 15 per cent, according to Sino Land, one of the project’s developers.
The pricing marks a 1 per cent increase on the previous batch, which Sino said reflected the quality of the...</description>
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      <pubDate>Thu, 09 Apr 2026 23:00:09 +0000</pubDate>
      <title>Hong Kong developers roll out 1,300 homes as prices edge up on firmer demand</title>
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      <author>Daniel Ren</author>
      <dc:creator>Daniel Ren</dc:creator>
      <description>China’s leading battery makers have unveiled plans to add more than 600 gigawatt-hours (GWh) of new production capacity for the energy storage system (ESS) market in just the first two months of 2026, underscoring surging global demand for renewable energy infrastructure.
The planned facilities – spanning major players from Contemporary Amperex Technology Ltd (CATL) to Gotion High-tech – amount to roughly 10 times the 58GWh of total capacity installed across the US in 2025.
According to the GGII...</description>
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      <pubDate>Thu, 09 Apr 2026 12:40:44 +0000</pubDate>
      <title>China throws the switch on battery buildout ‘equal to 10 times US capacity in 2025’</title>
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      <author>Ann Cao</author>
      <dc:creator>Ann Cao</dc:creator>
      <description>Alibaba Group Holding’s cloud and artificial intelligence unit is expected to remain a prime engine for the March quarter, with the growth rate forecast to accelerate as the company steps up AI monetisation and reshuffles its AI businesses, according to analysts.
Cloud revenue growth was projected to increase to around 40 per cent during the period, up from 36 per cent in the December quarter, analysts said.
The growth momentum was expected to be supported by “a robust surge in token usage”,...</description>
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      <pubDate>Thu, 09 Apr 2026 12:30:13 +0000</pubDate>
      <title>Alibaba cloud growth forecast to accelerate with AI push, higher service charges: analysts</title>
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      <author>Julie Zhang</author>
      <dc:creator>Julie Zhang</dc:creator>
      <description>Investment banking fees across Asia-Pacific excluding Japan reached US$5.3 billion in the first quarter of 2026, with China’s Citic Securities ranking as the region’s top earner.
The total in the first three months fell 5 per cent from a year earlier, as growth in equity capital markets underwriting was offset by weaker debt capital market and mergers and acquisitions (M&amp;A) activity, according to an LSEG Data and Analytics report on Thursday.
Helped by strong fees from its bond underwriting...</description>
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      <pubDate>Thu, 09 Apr 2026 09:00:09 +0000</pubDate>
      <title>Citic tops Asia-Pacific banking fees as mainland China and Hong Kong IPOs surge</title>
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      <author>Zhang Shidong</author>
      <dc:creator>Zhang Shidong</dc:creator>
      <description>Contemporary Amperex Technology Ltd, or CATL, plans to buy a 45 per cent stake in the parent of a Shenzhen-listed renewable-energy company, as the world’s biggest maker of lithium-ion batteries for electric vehicles seeks to expand its investments in green energy amid the global oil shock.
CATL signed a framework agreement with two shareholders of Hangzhou Zhonhen Technology Investment on Wednesday, agreeing to pay 4.09 billion yuan (US$598.5 million) for the deal, Hangzhou Zhonhen Electric, the...</description>
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      <pubDate>Thu, 09 Apr 2026 07:05:49 +0000</pubDate>
      <title>CATL buys 45% stake in a Hangzhou green-energy company for US$598 million</title>
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      <author>Daniel Ren</author>
      <dc:creator>Daniel Ren</dc:creator>
      <description>Zhejiang China Commodities City Group, operator of the marketplace that was once the epicentre of global consumer goods trading, is planning an initial public offering (IPO) in Hong Kong to support overseas expansion, as the wave of mainland Chinese firms looking to raise funds in the city continues.
The state-owned company, which runs the Yiwu international trade market in east China’s Zhejiang province, said in a filing to the Shanghai Stock Exchange on Wednesday that a share sale in Hong Kong...</description>
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      <pubDate>Thu, 09 Apr 2026 06:03:52 +0000</pubDate>
      <title>Operator of Yiwu market, former mecca of global consumer goods trade, eyes Hong Kong IPO</title>
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      <author>Wency Chen,Yulu Ao</author>
      <dc:creator>Wency Chen,Yulu Ao</dc:creator>
      <description>Manycore Tech, a spatial design software developer and one of Hangzhou’s fast-rising “Six Little Dragons”, launched its Hong Kong initial public offering (IPO) on Thursday, aiming to raise about HK$1.02 billion (US$130 million).
Manycore is issuing about 161 million shares, of which 90 per cent have been set aside for institutional investors and the rest for retail investors in Hong Kong.
The shares are priced between HK$6.72 and HK$7.62 each, valuing the company at between HK$11.4 billion and...</description>
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      <pubDate>Thu, 09 Apr 2026 05:09:20 +0000</pubDate>
      <title>Hangzhou ‘Six Little Dragons’ member Manycore seeks US$130m from Hong Kong IPO</title>
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      <author>Themis Qi</author>
      <dc:creator>Themis Qi</dc:creator>
      <description>German automotive giant Volkswagen will launch three new electric vehicle (EV) models in mainland China over the next two weeks, developed using technology from Chinese firms.
The move comes at a time when international marques are struggling on the mainland amid fierce competition in the world’s largest car market.
As the largest foreign carmaker in China, Volkswagen previously said that it would integrate Germany’s high manufacturing standards with technology developed by Chinese firms.
“We...</description>
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      <pubDate>Thu, 09 Apr 2026 03:57:03 +0000</pubDate>
      <title>Volkswagen tests China’s appetite for locally developed EVs</title>
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