https://www.scmp.com/rss/92/feed Get the latest corporate, market and business news and analysis. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Enoch Yiu Enoch Yiu Chinese authorities plan to enhance regulation of programme trading to clamp down on market misconduct, the head of the China Securities Regulatory Commission (CSRC) said on Saturday. Hedge funds and institutional investors are increasingly managing their portfolios in China via programme trading, which involves using algorithms to automatically execute a large volume of securities orders based on predetermined conditions. “Programme trading has become an important trading method in our country... https://www.scmp.com/business/banking-finance/article/3356217/china-will-enhance-regulation-programme-trading-csrc-chairman?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3356217/china-will-enhance-regulation-programme-trading-csrc-chairman?utm_source=rss_feed Sat, 06 Jun 2026 11:51:21 +0000 Enoch Yiu,Daisy Wu Enoch Yiu,Daisy Wu Mainland customers can still open bank accounts in Hong Kong, but banks must adopt stringent new checks to ensure their processes are “compliant and orderly”, the Hong Kong Monetary Authority (HKMA) said in a statement on Saturday. “The banking industry has implemented the new regulatory requirements set out in the HKMA circular to ensure the account opening process is compliant and orderly,” the statement said. “Chinese mainland customers continue to apply for opening accounts, and in general,... https://www.scmp.com/business/banking-finance/article/3356201/mainlanders-can-still-open-bank-accounts-hong-kong-despite-new-rules-hkma?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3356201/mainlanders-can-still-open-bank-accounts-hong-kong-despite-new-rules-hkma?utm_source=rss_feed Sat, 06 Jun 2026 07:24:07 +0000 Zhu Wenqian Zhu Wenqian Chinese carriers have captured an expanding slice of the international air travel market for routes connecting Chinese and overseas cities since the Covid-19 pandemic, according to data presented at an industry summit in Beijing on Friday. Local carriers currently held a 66.5 per cent market share compared with 33.5 per cent for foreign airlines, said IBA Group, a UK-based aviation intelligence company, which organised the event. Pre-pandemic, it was a 50:50 split between domestic and foreign... https://www.scmp.com/business/china-business/article/3356169/chinese-carriers-seize-two-thirds-share-post-pandemic-air-routes?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3356169/chinese-carriers-seize-two-thirds-share-post-pandemic-air-routes?utm_source=rss_feed Sat, 06 Jun 2026 01:00:12 +0000 Julie Zhang Julie Zhang For Beijing-based METiS TechBio CEO Lai Tsai-ta, ageing is comparable to bugs building up in a complex software system – it happens once errors begin to accumulate in the genetic code of human cells, such as their DNA sequences. “Those errors can be reprogrammed. It becomes possible to use AI to read, rewrite and reverse cells, or at least slow the ageing process,” Lai said in an interview with the South China Morning Post. The process could begin by fixing “immune cells, such as T cells, as... https://www.scmp.com/business/china-business/article/3356154/targeting-us610-billion-longevity-market-biotech-firms-race-reverse-ageing?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3356154/targeting-us610-billion-longevity-market-biotech-firms-race-reverse-ageing?utm_source=rss_feed Sat, 06 Jun 2026 00:00:20 +0000 Advertising partner Advertising partner [The content of this article has been produced by our advertising partner.] AI has long been caught in a paradox: AI workloads demand high performance storage, long associated with flash, but scaling at AI levels with all-flash is prohibitively expensive. Hard disk drives (HDDs), on the other hand, already store the majority of AI data cost-effectively at scale. They are the proven, cost-effective capacity foundation of the modern data centre. What has separated them is the assumption that... https://www.scmp.com/presented/business/topics/wd-computex-2026/article/3355936/ai-infrastructure-multi-tiered-and-hdds-are-central-scaling-ai-wd-shares?utm_source=rss_feed https://www.scmp.com/presented/business/topics/wd-computex-2026/article/3355936/ai-infrastructure-multi-tiered-and-hdds-are-central-scaling-ai-wd-shares?utm_source=rss_feed Fri, 05 Jun 2026 16:00:06 +0000 Ben Jiang Ben Jiang China is ramping up its bets on space-based artificial intelligence computing with the launch of a state-backed research institute in Beijing, accelerating a frontier tech race with the US just as Elon Musk’s SpaceX eyes a record-shattering US$75 billion market debut to fund its own orbital AI ambitions. The establishment of the Beijing Space Intelligent Computing Research Institute marks a major step in the superpowers’ AI rivalry, which is increasingly extending beyond Earth as terrestrial AI... https://www.scmp.com/tech/big-tech/article/3356102/china-launches-space-computing-hub-spacex-gears-historic-ipo?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3356102/china-launches-space-computing-hub-spacex-gears-historic-ipo?utm_source=rss_feed Fri, 05 Jun 2026 14:00:07 +0000 Daniel Ren Daniel Ren International marques have failed to sustain the market share they regained in China early this year after consumers fell back in love with electric vehicles (EVs), a sector where domestic brands continue to enjoy an overwhelming advantage. Foreign carmakers from Volkswagen to Toyota held a combined 30.3 per cent share of the Chinese automotive market in April, with about 418,140 vehicles handed to local customers, according to data from the China Passenger Car Association (CPCA). In the first... https://www.scmp.com/business/china-evs/article/3356147/chinese-evs-reclaim-momentum-tech-upgrades-incentives-squeeze-gains-foreign-marques?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3356147/chinese-evs-reclaim-momentum-tech-upgrades-incentives-squeeze-gains-foreign-marques?utm_source=rss_feed Fri, 05 Jun 2026 12:00:18 +0000 Peggy Ye Peggy Ye Hong Kong’s de facto central bank has formed a group of industry experts to help remove legal and regulatory hurdles to tokenized bonds, as authorities seek to move beyond pilot projects and encourage wider adoption from private issuers. The Hong Kong Monetary Authority (HKMA) said on Friday it had established a Tokenised Bond Expert Group comprising 21 institutions spanning banks, law firms, market infrastructure providers and digital asset companies to support the development of the city’s... https://www.scmp.com/business/cryptocurrency/article/3356125/hong-kong-taps-banks-lawyers-and-crypto-firms-help-rewrite-rules-tokenised-bonds?utm_source=rss_feed https://www.scmp.com/business/cryptocurrency/article/3356125/hong-kong-taps-banks-lawyers-and-crypto-firms-help-rewrite-rules-tokenised-bonds?utm_source=rss_feed Fri, 05 Jun 2026 10:45:05 +0000 Karen Tian Karen Tian Foreign investors are returning to Chinese assets through convertible bonds and IPOs, helping fuel a fundraising rebound in Hong Kong as global investors seek exposure to the country’s artificial intelligence (AI), semiconductor and advanced manufacturing sectors. According to estimates by UBS, Chinese companies raised about US$43 billion through equity capital market transactions in Hong Kong in the first five months of 2026, up from US$28 billion a year earlier. Convertible bonds have emerged... https://www.scmp.com/business/china-business/article/3356097/china-sees-revival-foreign-investors-through-ipos-convertibles-ubs?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3356097/china-sees-revival-foreign-investors-through-ipos-convertibles-ubs?utm_source=rss_feed Fri, 05 Jun 2026 10:00:16 +0000 Daisy Wu Daisy Wu Shenzhen-based AI engineer Sihan Wang recently decided to liquidate all holdings in his Futu Securities account, which he opened a year ago, citing concerns that escalating regulatory oversight could restrict his ability to manage overseas investments. “I would rather step back now than risk having my funds caught up in future restrictions,” Wang said. He is now considering shifting capital into mainland-listed gold products and mutual funds. Wang’s move reflects a broader squeeze on mainland... https://www.scmp.com/business/china-business/article/3356095/mainland-chinas-investors-face-new-hurdles-hong-kong-brokers-tighten-rules?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3356095/mainland-chinas-investors-face-new-hurdles-hong-kong-brokers-tighten-rules?utm_source=rss_feed Fri, 05 Jun 2026 08:47:54 +0000 Zhang Shidong Zhang Shidong The artificial intelligence frenzy has made Zhongji Innolight, a supplier of optical modules to US hyperscalers, the biggest constituent of China’s stock benchmark, highlighting AI’s profound impact on the world’s second-largest equity market. The northern Shandong province-based company had a 5 per cent weighting on the CSI 300 Index on Friday, making it the largest of the 300 most valuable stocks on the Shanghai and Shenzhen exchanges. The index’s weighting is based on the market... https://www.scmp.com/business/china-business/article/3356074/ai-hyperscaler-effect-vaults-chinas-zhongji-innolight-top-csi-300-benchmark?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3356074/ai-hyperscaler-effect-vaults-chinas-zhongji-innolight-top-csi-300-benchmark?utm_source=rss_feed Fri, 05 Jun 2026 07:30:11 +0000 Morning Studio editors Morning Studio editors Cross-border finance is becoming more complex, not less. Businesses operating across jurisdictions are dealing with tighter regulation and more pressure to demonstrate transparency across markets, raising the bar for the international financial centres they use. This shift helps explain why global benchmarking is gaining more attention. Labuan International Business and Financial Centre (Labuan IBFC) entered the Global Financial Centres Index (GFCI) in 2025, debuting at 60th out of 120, and has... https://www.scmp.com/native/business/topics/gateway-global-business/article/3354840/inside-labuan-ibfc-malaysian-centre-built-cross-border-finance?utm_source=rss_feed https://www.scmp.com/native/business/topics/gateway-global-business/article/3354840/inside-labuan-ibfc-malaysian-centre-built-cross-border-finance?utm_source=rss_feed Fri, 05 Jun 2026 07:00:07 +0000 Enoch Yiu Enoch Yiu Hong Kong is set to attract top global fund managers to relocate to the city, as they will no longer need to pay salaries tax on performance-linked bonuses if they meet certain criteria under a proposed law change to be submitted to the Legislative Council, according to industry sources and academia. If passed, the measure would make Hong Kong the first major Asian financial centre to grant tax relief on such bonuses, reinforcing the city’s role as the world’s largest offshore wealth management... https://www.scmp.com/business/banking-finance/article/3356061/hong-kongs-proposed-bonus-tax-break-fund-talent-set-sharpen-edge-over-singapore?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3356061/hong-kongs-proposed-bonus-tax-break-fund-talent-set-sharpen-edge-over-singapore?utm_source=rss_feed Fri, 05 Jun 2026 06:30:27 +0000 Morning Studio staff Morning Studio staff Hong Kong is embracing its growing role on the international stage in vital sectors driving global prosperity – a message highlighted at an annual gathering of international industry leaders, corporate executives and local policymakers who back the city’s upward momentum. The Global Prosperity Summit 2026 (GPS 2026) showcased high-stakes international dialogue over two days in Hong Kong last month for panel discussions on the city’s potential across several fast-evolving and globally significant... https://www.scmp.com/native/business/topics/foundation-global-prosperity/article/3355891/global-prosperity-summit-2026-showcases-hong-kongs-role-future-focused-industries-and-global?utm_source=rss_feed https://www.scmp.com/native/business/topics/foundation-global-prosperity/article/3355891/global-prosperity-summit-2026-showcases-hong-kongs-role-future-focused-industries-and-global?utm_source=rss_feed Fri, 05 Jun 2026 03:00:08 +0000 Zhang Shidong,Peggy Ye Zhang Shidong,Peggy Ye Signs are omnipresent that mainland Chinese investors are rotating out of Hong Kong stocks and back to the onshore yuan-denominated market, as they recalibrate to add domestic exposure to the fervour surrounding the artificial intelligence buildout. Onshore investors sold a combined HK$3.6 billion (US$459.5 million) of Hong Kong stocks through the cross-border exchange link programme in May, marking the first monthly outflow in three years, according to data from the city’s... https://www.scmp.com/business/china-business/article/3355963/hong-kong-stocks-struggle-mainland-china-markets-ride-ai-wave?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3355963/hong-kong-stocks-struggle-mainland-china-markets-ride-ai-wave?utm_source=rss_feed Thu, 04 Jun 2026 23:00:09 +0000 Advertising partner Advertising partner [The content of this article has been produced by our advertising partner.] For years, the industry has framed AI as a compute problem: more GPUs, denser clusters, faster interconnects. That framing is now incomplete. At scale, AI is fundamentally a data system. Every training run, every inference, every agent interaction generates new data that must be stored, retained, and revisited. Compute is elastic and cyclical. It can be repurposed. Data is cumulative and permanent, making storage demands... https://www.scmp.com/presented/business/topics/wd-computex-2026/article/3355935/ai-isnt-just-compute-race-its-data-race-and-storage-will-decide-winners-wd-shares?utm_source=rss_feed https://www.scmp.com/presented/business/topics/wd-computex-2026/article/3355935/ai-isnt-just-compute-race-its-data-race-and-storage-will-decide-winners-wd-shares?utm_source=rss_feed Thu, 04 Jun 2026 16:00:10 +0000 Daniel Ren Daniel Ren Leading Chinese carmakers like BYD and Chery Automobile are reaping rewards from their efforts to boost sales abroad, as they chase higher profitability amid rising demand for electric vehicles (EVs). Chery, which spearheaded the go-global drive among mainland China’s automotive groups and is the country’s largest car exporter, delivered three times as many cars overseas as at home last month. The state-owned company, based in eastern China’s Anhui province, handed 181,571 vehicles to customers... https://www.scmp.com/business/china-business/article/3355982/chinese-carmakers-byd-chery-chart-80-growth-overseas-ev-demand-spikes?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3355982/chinese-carmakers-byd-chery-chart-80-growth-overseas-ev-demand-spikes?utm_source=rss_feed Thu, 04 Jun 2026 12:30:16 +0000 Peggy Ye Peggy Ye Betty Yuen So Siu-mai, a non-executive director of Hong Kong power company CLP Holdings, has sold a luxury flat at Mid-Levels, joining a growing number of prominent owners taking advantage of improved market sentiment to dispose of high-end properties. Yuen sold a 1,943 sq ft home on the 11th floor of Po Garden at 9 Brewin Path for HK$51 million (US$6.5 million) in a transaction completed on Tuesday, Land Registry records showed. That translates to HK$26,248 per square foot and marks the... https://www.scmp.com/business/article/3355978/clp-director-betty-yuen-sells-mid-levels-flat-hong-kong-luxury-market-improves?utm_source=rss_feed https://www.scmp.com/business/article/3355978/clp-director-betty-yuen-sells-mid-levels-flat-hong-kong-luxury-market-improves?utm_source=rss_feed Thu, 04 Jun 2026 11:30:13 +0000 Morning Studio editors Morning Studio editors Siobhan Haughey, one of Hong Kong’s most successful athletes with four Olympic swimming medals, has her sights set on more success in the pool at this September’s Asian Games in Nagoya and Aichi prefecture in Japan. The 28 year-old, who won silver medals in both the women’s 100m and 200m freestyle at the delayed 2020 Tokyo Games and two bronze medals in the same events at the 2024 Paris Games, has continued her winning ways in recent months. Earlier this year, Haughey won several medals at the... https://www.scmp.com/native/business/topics/planning-fulfilling-future/article/3354458/world-champion-swimmer-siobhan-haughey-reflects-life-outside-pool?utm_source=rss_feed https://www.scmp.com/native/business/topics/planning-fulfilling-future/article/3354458/world-champion-swimmer-siobhan-haughey-reflects-life-outside-pool?utm_source=rss_feed Thu, 04 Jun 2026 08:17:15 +0000 Xinmei Shen Xinmei Shen Chinese artificial intelligence start-up DeepSeek took the top spot on a major US business spending index in June, as more companies swap out expensive American options like OpenAI and Anthropic in favour of more affordable alternatives. According to a “trending software vendors” list from New York-based corporate spending platform Ramp – which tracks when businesses buy from a software vendor for the first time – DeepSeek’s rise placed it ahead of event-management platform PheedLoop and... https://www.scmp.com/tech/tech-trends/article/3355927/more-us-firms-turn-chinas-deepseek-over-pricey-silicon-valley-ai?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3355927/more-us-firms-turn-chinas-deepseek-over-pricey-silicon-valley-ai?utm_source=rss_feed Thu, 04 Jun 2026 07:00:10 +0000 Zhu Wenqian,Julie Zhang Zhu Wenqian,Julie Zhang Home-grown and foreign pet business operators are bullish on China’s booming pet market this year, eyeing initial public offerings and localising supply chains, fuelled by young consumers’ growing interest in their animals’ health and wellness. Fubei, a major domestic pet food maker based in Shanghai, filed its IPO application with the Hong Kong stock exchange on Monday. The company has built a diversified product portfolio centred on cat and dog food, according to its prospectus. The number of... https://www.scmp.com/business/article/3355902/ipos-and-expansion-plans-give-chinas-us16-billion-pet-food-sector-paws-thought?utm_source=rss_feed https://www.scmp.com/business/article/3355902/ipos-and-expansion-plans-give-chinas-us16-billion-pet-food-sector-paws-thought?utm_source=rss_feed Thu, 04 Jun 2026 04:05:36 +0000 Peggy Ye Peggy Ye Beijing’s latest efforts to tighten oversight of cross-border capital flows have sparked concerns that a reduction in mainland demand for Hong Kong homes could impact the city’s recovering property market. The debate follows a series of measures unveiled in recent weeks, including tighter scrutiny of unauthorised offshore brokers and guidelines issued to crack down on illegal cross-border fund-transfer channels. The move has fuelled fears that mainland residents could face greater hurdles in... https://www.scmp.com/property/article/3355863/why-chinas-tighter-grip-outbound-capital-may-test-hong-kongs-housing-rebound?utm_source=rss_feed https://www.scmp.com/property/article/3355863/why-chinas-tighter-grip-outbound-capital-may-test-hong-kongs-housing-rebound?utm_source=rss_feed Wed, 03 Jun 2026 23:00:07 +0000 Chris Kyme Chris Kyme A favourite topic which often comes up in conversations with advertising friends concerns the history, emergence and creative heyday of the industry in Hong Kong. A story I usually speak about with some authority, seeing as I have been privileged enough to play a part in it over the years, as well as having co-written a book on the subject. It was while doing research for that book that I began delving further back in time than when I first started plying my trade in the local industry. Learning... https://www.scmp.com/presented/business/topics/remarketing/article/3355640/growth-conversation-chris-kyme-local-pioneers-hk-advertising-industry?utm_source=rss_feed https://www.scmp.com/presented/business/topics/remarketing/article/3355640/growth-conversation-chris-kyme-local-pioneers-hk-advertising-industry?utm_source=rss_feed Wed, 03 Jun 2026 16:00:08 +0000 Zhang Shidong Zhang Shidong With mutual fund companies having to adhere to investment mandates as part of the regulatory revamp of the 40 trillion yuan (US$5.9 trillion) industry, Chinese money managers may find it difficult to improve fund performance. China Asset Management and E Fund Management, the industry’s biggest players, and 10 of their peers recently unveiled separate plans as a response to the new regulatory requirements, pledging to stick to the investment scopes in prospectuses and set better benchmarks for... https://www.scmp.com/business/china-business/article/3355830/chinas-fund-managers-face-new-rules-curb-risky-investment-strategies?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3355830/chinas-fund-managers-face-new-rules-curb-risky-investment-strategies?utm_source=rss_feed Wed, 03 Jun 2026 09:30:33 +0000 Karen Tian Karen Tian China’s second-largest provincial economy is accelerating the integration of its financial sector, with a proposed merger between two state-owned brokerages in Jiangsu highlighting a new phase of regional consolidation. In a filing on Tuesday, Shanghai-listed Soochow Securities disclosed plans to acquire an 83.68 per cent stake in NEEQ-listed Donghai Securities for 11.52 billion yuan (US$1.7 billion), revealing the valuation and financial ramifications of the deal for the first time since it was... https://www.scmp.com/business/banking-finance/article/3355809/jiangsu-115b-yuan-brokerage-merger-marks-new-phase-consolidation?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3355809/jiangsu-115b-yuan-brokerage-merger-marks-new-phase-consolidation?utm_source=rss_feed Wed, 03 Jun 2026 08:30:08 +0000 Daniel Ren Daniel Ren Tesla’s Shanghai Gigafactory recorded its strongest monthly deliveries of the year in May as a broader recovery in China’s electric vehicle market gathered pace, although the US carmaker is likely to face intensifying competition from domestic rivals launching a wave of new models. The factory in Shanghai’s Lingang free-trade zone delivered 85,982 Model 3 and Model Y vehicles last month, up 39.4 per cent from a year earlier and 8.2 per cent from April, according to Tesla China. The figure... https://www.scmp.com/business/china-business/article/3355810/teslas-china-sales-surge-2026-high-rivals-crowd-rear-view-mirror?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3355810/teslas-china-sales-surge-2026-high-rivals-crowd-rear-view-mirror?utm_source=rss_feed Wed, 03 Jun 2026 08:05:43 +0000 Xinyi Wu Xinyi Wu Global oil inventories risk declining to “critical levels” before the peak summer season – and the energy crisis could drag on for months even if a deal is agreed to end the US-Israel war on Iran, according to the International Energy Agency (IEA). While China’s crude reserves remain relatively resilient, its onshore volumes have also begun to fall, analysts said. “We’re seeing stock draws continuing into the summer, and with the possibility or the likelihood that we reach critical levels or... https://www.scmp.com/economy/china-economy/article/3355796/global-oil-stockpiles-could-fall-critical-levels-summer-iea-warns?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3355796/global-oil-stockpiles-could-fall-critical-levels-summer-iea-warns?utm_source=rss_feed Wed, 03 Jun 2026 07:14:29 +0000 Enoch Yiu Enoch Yiu Hong Kong’s exceptional longevity means some individual retirees may need as much as HK$7.1 million (US$910,000) to support themselves after leaving work, exposing a wide gap between retirement needs and actual pension savings, according to a new study. The finding contrasts sharply with the average Mandatory Provident Fund (MPF) balance of HK$319,561 as of March, according to MPF Ratings. The compulsory pension scheme covers about 4.8 million members. To plug the gap, the study urged the... https://www.scmp.com/business/article/3355786/price-long-life-hongkongers-may-need-us910000-retire?utm_source=rss_feed https://www.scmp.com/business/article/3355786/price-long-life-hongkongers-may-need-us910000-retire?utm_source=rss_feed Wed, 03 Jun 2026 06:30:04 +0000 Zhang Shidong,Julie Zhang Zhang Shidong,Julie Zhang GenScript Biotech Holdings surged in Hong Kong after its associate company disclosed promising early clinical data on a potential first-in-class cell therapy for treating cancer. Shares rose as much as 29 per cent on Wednesday before trimming gains to trade 10.54 per cent higher at HK$13.42 at the close. The benchmark Hang Seng Index fell 1.56 per cent. In the phase one trial – where the primary goal is typically to evaluate a therapy’s safety and gather early signals of efficacy in humans – its... https://www.scmp.com/business/china-business/article/3355777/chinese-biotech-genscript-surges-it-rebuffs-us-lawmakers-allegations?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3355777/chinese-biotech-genscript-surges-it-rebuffs-us-lawmakers-allegations?utm_source=rss_feed Wed, 03 Jun 2026 04:14:09 +0000 Morning Studio editors Morning Studio editors For decades, the best office spaces in Hong Kong’s Central district sold the same promise: proximity to capital, clients and decision-makers. Today, that is just the baseline. The next generation of tenants is weighing if the office experience feels as modern as the businesses operating inside it. Central Crossing, a mixed-use development scheduled to open later this year at 118 Wellington Street and directly connected to the starting point of Central’s elevated walkway network, is a new address... https://www.scmp.com/native/business/topics/central-crossing-new-destination/article/3354826/inside-central-crossing-dual-tower-development-built-future-work?utm_source=rss_feed https://www.scmp.com/native/business/topics/central-crossing-new-destination/article/3354826/inside-central-crossing-dual-tower-development-built-future-work?utm_source=rss_feed Wed, 03 Jun 2026 03:00:06 +0000 Zhu Wenqian Zhu Wenqian Shanghai’s second-hand housing market picked up steam in May, with transaction activity accelerating significantly, while the city’s new home market has also seen robust sales. Industry experts believe Shanghai’s property sales volume and home prices will recover faster than most cities in China after the prolonged downturn of the country’s property market. “Among the four tier-one cities, Shanghai has been the only city seeing a year-on-year increase in primary home prices in the first four... https://www.scmp.com/business/article/3355745/why-shanghais-property-market-rebounding-faster-most-other-cities-china?utm_source=rss_feed https://www.scmp.com/business/article/3355745/why-shanghais-property-market-rebounding-faster-most-other-cities-china?utm_source=rss_feed Wed, 03 Jun 2026 00:00:23 +0000 Julie Zhang Julie Zhang Tiger Brokers reported a 17.5 per cent year-on-year jump in first-quarter operating profit in an announcement on Tuesday, without any mention of the looming punishment from China’s securities regulator over alleged unlicensed cross-border trading services. Tiger Brokers said its operating profit rose to US$47.6 million in the three months ended March 31, while revenue climbed 26.3 per cent from a year earlier to US$154.9 million. The growth was driven by a 536 per cent surge in Hong Kong trading... https://www.scmp.com/business/banking-finance/article/3355729/chinas-tiger-brokers-reports-strong-results-no-mention-trading-crackdown?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3355729/chinas-tiger-brokers-reports-strong-results-no-mention-trading-crackdown?utm_source=rss_feed Tue, 02 Jun 2026 13:00:18 +0000 Ben Jiang Ben Jiang Meituan is set to reap a sizeable financial windfall from its investments in frontier tech – including in fast-rising artificial intelligence company Zhipu AI – offering the Chinese food-delivery giant a timely boost after consecutive loss-making quarters. On Monday, Meituan posted an adjusted net loss of 4.97 billion yuan (US$735 million) for the three months ended March 31, marking its third consecutive losing quarter. At the same time, the company disclosed that its investments in firms like... https://www.scmp.com/tech/big-tech/article/3355723/us1b-windfall-how-meituans-bets-ai-robotics-outshine-quarterly-loss?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3355723/us1b-windfall-how-meituans-bets-ai-robotics-outshine-quarterly-loss?utm_source=rss_feed Tue, 02 Jun 2026 13:00:12 +0000 Peggy Ye Peggy Ye CK Asset Holdings is releasing more ultra-luxury homes at its 21 Borrett Road project, which was previously linked to one of Hong Kong’s largest failed property transactions, betting that a resurgence in demand from wealthy buyers signals a turning point for the city’s high-end residential market. The developer on Tuesday released the second phase of the Mid-Levels Central project, putting 16 flats up for tender, with the first-round of bidding scheduled for June 10. The second phase, comprising... https://www.scmp.com/property/article/3355731/ck-asset-resumes-sales-21-borrett-road-after-waiting-out-luxury-property-slump?utm_source=rss_feed https://www.scmp.com/property/article/3355731/ck-asset-resumes-sales-21-borrett-road-after-waiting-out-luxury-property-slump?utm_source=rss_feed Tue, 02 Jun 2026 12:34:32 +0000 Zhu Wenqian Zhu Wenqian General Mills is following in the footsteps of Starbucks and Burger King by offloading its mainland China Haagen-Dazs stores to an investor group led by local chain Ningji Lemon Tea, in a move analysts see as a proactive revamp of foreign business models amid China’s fast-evolving competitive landscape. The deal is expected to boost profitability. “Fuelled by the rise of home-grown brands, China’s consumer market features fiercer competition and faster industry shifts than the global average,”... https://www.scmp.com/business/china-business/article/3355718/big-scoop-lemon-tea-chain-ningji-revamp-haagen-dazs-struggling-china-business?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3355718/big-scoop-lemon-tea-chain-ningji-revamp-haagen-dazs-struggling-china-business?utm_source=rss_feed Tue, 02 Jun 2026 10:45:50 +0000 Enoch Yiu Enoch Yiu The Hong Kong government’s planned offshore yuan-denominated venture capital fund is set to attract investors looking to invest in a wide range of artificial intelligence, biotechnology and new energy firms in the coming years, according to industry players. Financial Secretary Paul Chan Mo-po said on Monday that Hong Kong Investment Corporation (HKIC), the government’s investment arm which manages a HK$62 billion (US$8 billion) portfolio, would take the lead in setting up an offshore... https://www.scmp.com/business/article/3355713/ai-biotech-and-new-energy-likely-targets-hkic-yuan-fund?utm_source=rss_feed https://www.scmp.com/business/article/3355713/ai-biotech-and-new-energy-likely-targets-hkic-yuan-fund?utm_source=rss_feed Tue, 02 Jun 2026 10:30:09 +0000 Zhang Shidong Zhang Shidong Chinese artificial intelligence companies are upending a decades-old dual-listing practice of selling shares domestically first and then in Hong Kong, as they reverse the sequence to anchor market-based valuations from global investors and tap more sophisticated capital to support growth. AI model developer MiniMax Group and peer Knowledge Atlas Technology, also known as Zhipu, spearheaded the new trend, saying they hired brokerages to prepare for mainland China stock offerings after completing... https://www.scmp.com/business/china-business/article/3355676/why-hong-kong-now-launch-pad-mainland-chinas-ai-champions?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3355676/why-hong-kong-now-launch-pad-mainland-chinas-ai-champions?utm_source=rss_feed Tue, 02 Jun 2026 10:00:15 +0000 Jun Yan Jun Yan The surge of interest in Chinese humanoid robotics has raised a practical question for investors, corporate strategists and supply chain executives: who makes the parts? Reduction gears. Torque sensors. Precision bearings. Industrial software. The further one traces the supply chain, the more often the answer leads to companies that are not household names or well understood by foreign investors. Many carry a designation that deserves closer attention: “little giant”. China began cultivating... https://www.scmp.com/opinion/china-opinion/article/3355376/how-foreign-investors-should-view-chinas-little-giants-scheme?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3355376/how-foreign-investors-should-view-chinas-little-giants-scheme?utm_source=rss_feed Tue, 02 Jun 2026 08:30:05 +0000 Daisy Wu Daisy Wu Enterprises across the Asia-Pacific region are investing heavily in artificial intelligence with limited evaluation of its effectiveness, driven largely by fears of being left behind, according to a survey released on Tuesday. Some 37 per cent of organisations in the region admitted to investing aggressively in AI with little assessment of outcomes – nearly double the global average of 20 per cent – according to the report by market consultancy International Data Corporation, commissioned by... https://www.scmp.com/business/banking-finance/article/3355642/fear-missing-out-why-asia-pacific-firms-pour-money-ai-despite-scant-returns?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3355642/fear-missing-out-why-asia-pacific-firms-pour-money-ai-despite-scant-returns?utm_source=rss_feed Tue, 02 Jun 2026 05:15:29 +0000 Morning Studio staff Morning Studio staff As Hong Kong sent its first astronaut into space, leading industry experts at the Global Prosperity Summit 2026 (GPS 2026) said the city was well positioned to be a facilitator of aerospace development by tapping into emerging opportunities in the aerospace economy and contributing its professional services expertise to this burgeoning field. Just days before it was announced that Hong Kong’s Lai Ka-ying would join the Shenzhou-23 mission to China’s Tiangong space station, experts who spoke at... https://www.scmp.com/native/business/topics/foundation-global-prosperity/article/3355545/global-prosperity-summit-2026-maps-out-hong-kongs-aerospace-potential-citys-first-astronaut-takes?utm_source=rss_feed https://www.scmp.com/native/business/topics/foundation-global-prosperity/article/3355545/global-prosperity-summit-2026-maps-out-hong-kongs-aerospace-potential-citys-first-astronaut-takes?utm_source=rss_feed Tue, 02 Jun 2026 03:00:06 +0000 Daisy Wu Daisy Wu Food Republic, the Singaporean food court chain owned by BreadTalk Group, is set to close its last remaining outlet in Beijing on June 15, ending more than two decades in the Chinese capital, according to a notice outside the location in late May. Its closure comes amid a wave of store shutdowns among foreign and Hong Kong brands across mainland China. Many have struggled to adapt to the local market, hampered by outdated business models and fast-evolving consumer preferences. French department... https://www.scmp.com/business/china-business/article/3355586/food-republic-joins-wave-foreign-brands-retreating-china?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3355586/food-republic-joins-wave-foreign-brands-retreating-china?utm_source=rss_feed Mon, 01 Jun 2026 23:00:06 +0000 Daniel Ren Daniel Ren Sales of electric vehicles (EVs) in China recovered on solid footing in May, as new models fitted with higher-performance batteries and more advanced driver assistance systems drew consumers amid intensified competition. Zeekr, a premium EV brand owned by Geely Auto, the country’s second-largest carmaker, and Stellantis-backed Leapmotor rewrote their monthly delivery records, the latest sign that local government subsidies have whetted consumers’ buying appetite for big-ticket items. Although... https://www.scmp.com/business/china-business/article/3355592/chinese-ev-makers-recover-may-competition-remains-fierce-amid-overcapacity-woes?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3355592/chinese-ev-makers-recover-may-competition-remains-fierce-amid-overcapacity-woes?utm_source=rss_feed Mon, 01 Jun 2026 13:09:52 +0000 Peggy Ye Peggy Ye Casa Hotel, a boutique hotel in Hong Kong’s Yau Ma Tei district, has ceased operations after nearly two decades, with market speculation suggesting the building has been leased to a student-housing operator after repeated attempts to sell it failed. A notice posted outside the three-star hotel said the property officially closed on May 31, thanking customers for their support over the years. No reason for the closure was given. The 162-room hotel occupies a 14-storey commercial-residential... https://www.scmp.com/business/banking-finance/article/3355583/closure-hong-kongs-casa-hotel-tied-student-housing-trend-after-failed-sale-attempts?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3355583/closure-hong-kongs-casa-hotel-tied-student-housing-trend-after-failed-sale-attempts?utm_source=rss_feed Mon, 01 Jun 2026 11:30:20 +0000 Julie Zhang Julie Zhang Akeso, whose drug ivonescimab was hailed as biotech’s “DeepSeek moment” amid US competition last year, announced better-than-expected clinical results showing it can treat a type of lung cancer commonly found in smokers, potentially expanding its approved uses. Analysts suggest it could become a backbone therapy in the US$20 billion global non-small cell lung cancer market and have revised their target prices upwards. The drug’s phase three trial found that ivonescimab reduced the risk of death... https://www.scmp.com/business/china-business/article/3355579/akeso-lung-cancer-drug-shines-trials-boosting-hopes-us20b-market?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3355579/akeso-lung-cancer-drug-shines-trials-boosting-hopes-us20b-market?utm_source=rss_feed Mon, 01 Jun 2026 10:49:08 +0000 Wency Chen Wency Chen Unitree Robotics, one of the leading forces in mainland China’s booming humanoid robot sector, has cleared a major hurdle for its highly anticipated initial public offering (IPO) after passing a listing committee hearing on Monday. The Hangzhou-based company filed to list on Shanghai’s Star Market on March 20. Following two rounds of regulatory inquiries and an on-site inspection, the hearing approval opens the door for the IPO to proceed to registration and issuance. Unitree said it aimed to... https://www.scmp.com/tech/big-tech/article/3355538/unitree-clears-key-hurdle-shanghai-ipo-chinas-humanoid-robot-wave-gathers-pace?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3355538/unitree-clears-key-hurdle-shanghai-ipo-chinas-humanoid-robot-wave-gathers-pace?utm_source=rss_feed Mon, 01 Jun 2026 09:17:28 +0000 Zhang Shidong Zhang Shidong A semi-annual reshuffle of key gauges tracking China’s yuan-denominated stocks is set to boost the representation of technology companies, a move expected to lure more inflows and further increase the sector’s appeal, according to investment banks. The shake-up was projected to spur US$3.1 billion of inflows into tech hardware and semiconductor makers, according to Goldman Sachs. Domestic brokerages including Guosen Securities said the changes would inject more confidence into tech stocks,... https://www.scmp.com/business/china-business/article/3355523/china-index-reshuffle-entrench-tech-trades-and-boost-ai-rally-brokerages?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3355523/china-index-reshuffle-entrench-tech-trades-and-boost-ai-rally-brokerages?utm_source=rss_feed Mon, 01 Jun 2026 09:00:06 +0000 Zhu Wenqian Zhu Wenqian China’s home prices saw a modest recovery in May, adding to growth in March and April, as positive signs of a gradually stabilising property market continued to accumulate after five years of weakness, according to analysts. In May, the average price of newly built residential properties across 100 Chinese cities stood at 17,156 yuan (US$2,534) per square metre, edging up 0.16 per cent from a month earlier and 2.03 per cent year on year, data from the China Index Academy showed on Monday. The... https://www.scmp.com/business/article/3355548/chinas-property-market-shows-more-positive-signs-price-sales-upticks?utm_source=rss_feed https://www.scmp.com/business/article/3355548/chinas-property-market-shows-more-positive-signs-price-sales-upticks?utm_source=rss_feed Mon, 01 Jun 2026 08:30:20 +0000 Carol Yang Carol Yang Businesses around the world are confronting a painful – and potentially long-lasting – rise in costs amid the US-Israel war on Iran, as global shipping firms introduce steep price increases to offset a mounting fuel crisis. In Shanghai, one of the world’s busiest ports, the price of shipping a container has already surged dramatically since the start of the war, according to the Shanghai Containerised Freight Index – a gauge tracking spot rates across 13 global trade lanes out of the city. The... https://www.scmp.com/economy/china-economy/article/3355536/businesses-face-huge-spike-shipping-costs-hormuz-fuel-crisis-deepens?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3355536/businesses-face-huge-spike-shipping-costs-hormuz-fuel-crisis-deepens?utm_source=rss_feed Mon, 01 Jun 2026 08:30:06 +0000 Enoch Yiu Enoch Yiu The government’s investment arm achieved a double-digit internal rate of return last year, greater than many newly established venture capital funds, according to its CEO. “Many overseas funds have a J-curve performance, as they tend to suffer an initial loss before a gain,” said Clara Chan Ka-chai, CEO of Hong Kong Investment Corporation (HKIC). “But we have already bypassed the J-curve, as we have earned HK$2.3 billion [US$293 million] in 2024, while we have achieved a double-digit rate of... https://www.scmp.com/business/article/3355522/hong-kong-governments-venture-fund-eyes-bigger-bankroll-after-double-digit-return?utm_source=rss_feed https://www.scmp.com/business/article/3355522/hong-kong-governments-venture-fund-eyes-bigger-bankroll-after-double-digit-return?utm_source=rss_feed Mon, 01 Jun 2026 06:24:26 +0000 Vincent Chow,Ann Cao Vincent Chow,Ann Cao Nvidia has partnered with Chinese robotics champion Unitree Robotics and Singapore robotic hand maker Sharpa to release a new humanoid robot reference design to accelerate innovation in the global humanoid industry, the US chip giant’s CEO, Jensen Huang, announced on Monday. The new design, called H2+ or Isaac GR00T, will support industry-wide humanoid robotics research by streamlining the full development workflow for developers, including data collection, policy training and real-world... https://www.scmp.com/tech/big-tech/article/3355402/nvidia-unitree-and-sharpa-unite-design-humanoid-robot-can-perform-real-work?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3355402/nvidia-unitree-and-sharpa-unite-design-humanoid-robot-can-perform-real-work?utm_source=rss_feed Mon, 01 Jun 2026 05:30:25 +0000