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 Zhang Shidong Zhang Shidong Orient Securities’ buyout of a smaller rival to create a new entity with at least 580 billion yuan (US$85 billion) in assets is a sign that the government-led consolidation of the brokerage industry is deepening, underscoring Beijing’s determination to cultivate bigger investment banks to take on global rivals. In an exchange statement on Sunday night, Orient Securities said it planned to acquire 100 per cent of Shanghai Securities through the sale of new shares and cash, without disclosing the... https://www.scmp.com/business/china-business/article/3350685/orient-securities-buyout-create-us85b-brokerage-beijing-pushes-consolidation?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350685/orient-securities-buyout-create-us85b-brokerage-beijing-pushes-consolidation?utm_source=rss_feed Mon, 20 Apr 2026 05:41:12 +0000 Daniel Ren Daniel Ren Hesai Group, the world’s largest maker of vehicle lidar sensors, introduced technology it said would raise autonomous driving features to a new level by detecting colour to improve the reliability of object identification. The Shanghai-based maker of light ­detection and ranging ­sensors said its 6D full-colour platform would deliver lidar sensors with world-leading capabilities in ranging and small-target identification. 6D refers to the sensors’ ability to detect the X, Y and Z coordinates of... https://www.scmp.com/business/china-business/article/3350682/chinas-hesai-adds-colour-lidar-ev-makers-race-level-self-driving-tech?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350682/chinas-hesai-adds-colour-lidar-ev-makers-race-level-self-driving-tech?utm_source=rss_feed Mon, 20 Apr 2026 05:15:24 +0000 Zhang Shidong,Enoch Yiu Zhang Shidong,Enoch Yiu 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,... 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 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 Mon, 20 Apr 2026 02:30:10 +0000 Cheryl Arcibal Cheryl Arcibal 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... 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 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 Mon, 20 Apr 2026 00:30:13 +0000 Enoch Yiu Enoch Yiu 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... https://www.scmp.com/business/banking-finance/article/3350531/global-retail-investors-shift-cash-asia-still-draws-wealthy-clients-schroders-ceo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3350531/global-retail-investors-shift-cash-asia-still-draws-wealthy-clients-schroders-ceo?utm_source=rss_feed Sun, 19 Apr 2026 23:30:10 +0000 Advertising partner Advertising partner [The content of this article has been produced by our advertising partner.] As global markets enter a decade shaped by geopolitical fragmentation, regulatory divergence and volatile capital flows, the ability to act with financial clarity in real time is a crucial advantage. Companies are increasingly global from day one—hiring talent worldwide, sourcing across borders and selling into multiple markets—yet many are still stuck with siloed legacy financial systems built for a slower era. Across... https://www.scmp.com/presented/business/topics/global-first-finance-ai/article/3350316/turning-global-ambition-action-how-australia-founded-airwallex-builds-financial-infrastructure-power?utm_source=rss_feed https://www.scmp.com/presented/business/topics/global-first-finance-ai/article/3350316/turning-global-ambition-action-how-australia-founded-airwallex-builds-financial-infrastructure-power?utm_source=rss_feed Sun, 19 Apr 2026 16:00:12 +0000 Advertising partner Advertising partner [The content of this article has been produced by our advertising partner.] In a world defined by constant change, Stephen A. Schwarzman, Chairman, CEO, and Co-Founder of Blackstone, has spent four decades building an institution designed to perform across cycles. In this conversation, he reflects on Blackstone’s rise to the world’s largest alternative asset manager, the culture that shaped the firm, and the opportunities he sees in private markets, Artificial Intelligence (AI), and Asia. Today,... https://www.scmp.com/presented/business/topics/building-long-term/article/3349657/inside-blackstone-stephen-schwarzman-long-term-investing-across-cycles?utm_source=rss_feed https://www.scmp.com/presented/business/topics/building-long-term/article/3349657/inside-blackstone-stephen-schwarzman-long-term-investing-across-cycles?utm_source=rss_feed Sun, 19 Apr 2026 16:00:09 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong homebuyers’ strong demand for new flats extended a streak of brisk sales for developers with one project selling out in a single day, underscoring the city’s broader recovery in housing prices. All 88 units at the Pavilia Farm III project by New World Development and MTR Corporation in Sha Tin were sold on Saturday, prompting the developers to put 75 more flats on sale later that night. Elsewhere in Kai Tak, 133 units of KT Marina II were snapped up over the weekend, according to... https://www.scmp.com/property/hong-kong-china/article/3350638/hong-kong-homebuyers-extend-sell-out-streak-amid-renewed-confidence-market?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3350638/hong-kong-homebuyers-extend-sell-out-streak-amid-renewed-confidence-market?utm_source=rss_feed Sun, 19 Apr 2026 13:10:25 +0000 Eunice Xu Eunice Xu “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... https://www.scmp.com/tech/big-tech/article/3350614/state-art-models-can-struggle-basic-enterprise-tasks-ai-unicorn-executive?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3350614/state-art-models-can-struggle-basic-enterprise-tasks-ai-unicorn-executive?utm_source=rss_feed Sun, 19 Apr 2026 10:00:18 +0000 Julie Zhang Julie Zhang 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... 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 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 Sun, 19 Apr 2026 09:00:11 +0000 Peggy Ye Peggy Ye 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 second 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. Hong Kong’s property market is showing early signs of renewed safe haven demand, with a surge in luxury... https://www.scmp.com/business/article/3350575/hong-kong-property-may-see-uptick-safe-haven-demand-iran-war-rattles-dubai-market?utm_source=rss_feed https://www.scmp.com/business/article/3350575/hong-kong-property-may-see-uptick-safe-haven-demand-iran-war-rattles-dubai-market?utm_source=rss_feed Sun, 19 Apr 2026 06:00:19 +0000 Yulu Ao Yulu Ao 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... https://www.scmp.com/business/markets/article/3350609/asias-supply-chain-strengths-could-give-it-edge-over-us-ai-race-granite-asias-foo?utm_source=rss_feed https://www.scmp.com/business/markets/article/3350609/asias-supply-chain-strengths-could-give-it-edge-over-us-ai-race-granite-asias-foo?utm_source=rss_feed Sun, 19 Apr 2026 06:00:18 +0000 Zhu Wenqian,Cheryl Arcibal Zhu Wenqian,Cheryl Arcibal Growing public anxiety over artificial intelligence-driven job loss, especially in technology and other white-collar sectors, has weighed on housing sentiment in the US and India. Yet data remains insufficient to quantify the direct impact of AI-related job fears on China’s sluggish home-buying sentiment, though analysts expect such concerns to make households more cautious about long-term housing purchase decisions. China’s rapid AI adoption to boost automation and productivity had implications... https://www.scmp.com/business/article/3350466/will-ai-job-fears-hurt-chinas-housing-market-they-have-us-and-india?utm_source=rss_feed https://www.scmp.com/business/article/3350466/will-ai-job-fears-hurt-chinas-housing-market-they-have-us-and-india?utm_source=rss_feed Sun, 19 Apr 2026 03:00:12 +0000 Julie Zhang Julie Zhang Homebuyers continued to signal confidence in Hong Kong’s residential market on Saturday, with about three quarters of 248 new flats put up for sale snapped up by late afternoon. A total of 53 out of 88 units were sold at The Pavilia Farm III, while 129 of 160 units at KT Marina II in Kai Tak were taken as of 4.30pm, according to Midland Realty. The Pavilia Farm III, a project jointly developed by New World Development (NWD) and MTR Corp atop Tai Wai Station in Sha Tin, saw buyers throng the... https://www.scmp.com/business/article/3350573/hong-kong-buyers-snap-more-180-new-homes-market-confidence-returns?utm_source=rss_feed https://www.scmp.com/business/article/3350573/hong-kong-buyers-snap-more-180-new-homes-market-confidence-returns?utm_source=rss_feed Sat, 18 Apr 2026 09:39:43 +0000 Sylvia Ma Sylvia Ma 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 first of a three-part series, we examine Hong Kong’s bid to position itself as Asia’s bullion hub. War in the Middle East has intensified global demand to diversify gold storage, creating a strategic window for Hong Kong to tap its unique status and evolve from... https://www.scmp.com/economy/global-economy/article/3350511/hong-kong-wants-become-global-gold-vault-does-iran-war-create-opening?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3350511/hong-kong-wants-become-global-gold-vault-does-iran-war-create-opening?utm_source=rss_feed Sat, 18 Apr 2026 06:00:16 +0000 Julie Zhang Julie Zhang 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... https://www.scmp.com/business/china-business/article/3350421/chinas-biotech-firms-shift-gears-can-ai-floor-accelerator?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350421/chinas-biotech-firms-shift-gears-can-ai-floor-accelerator?utm_source=rss_feed Sat, 18 Apr 2026 03:00:12 +0000 Minxiao Chang Minxiao Chang 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... https://www.scmp.com/tech/big-tech/article/3350521/bytedance-tencent-step-ai-talent-battle-amid-reported-departure-deepseek-researcher?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3350521/bytedance-tencent-step-ai-talent-battle-amid-reported-departure-deepseek-researcher?utm_source=rss_feed Sat, 18 Apr 2026 01:00:32 +0000 Xiaofei Xu Xiaofei Xu 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)... https://www.scmp.com/tech/big-tech/article/3350520/chinese-led-chipmakers-purchase-dutch-firm-collapses-after-us-opposition?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3350520/chinese-led-chipmakers-purchase-dutch-firm-collapses-after-us-opposition?utm_source=rss_feed Fri, 17 Apr 2026 14:30:07 +0000 Daniel Ren Daniel Ren 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,... https://www.scmp.com/business/banking-finance/article/3350526/hkex-proposes-halving-share-settlement-cycle-bid-boost-hong-kongs-financial-profile?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3350526/hkex-proposes-halving-share-settlement-cycle-bid-boost-hong-kongs-financial-profile?utm_source=rss_feed Fri, 17 Apr 2026 13:51:01 +0000 Coco Feng Coco Feng 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... https://www.scmp.com/tech/article/3350460/nvidias-jensen-huang-warns-huawei-chips-deepseek-ai-models-would-be-horrible-us?utm_source=rss_feed https://www.scmp.com/tech/article/3350460/nvidias-jensen-huang-warns-huawei-chips-deepseek-ai-models-would-be-horrible-us?utm_source=rss_feed Fri, 17 Apr 2026 10:00:14 +0000 Zhu Wenqian Zhu Wenqian A 32-year-old investor in central Hunan never expected a routine phone call about stock tips would leave him nursing heavy losses. In a post on RedNote, he said a caller claiming ties to private equity firms offered daily stock recommendations, urging him to buy within fixed quotas in exchange for sharing half the profits. “It was sketchy – I’m now trapped in the market and down almost 20 per cent,” he said on Thursday. His experience reflects a broader surge in scams targeting retail investors,... https://www.scmp.com/business/article/3350447/hot-tips-cold-reality-china-targets-online-stock-scams-hitting-retail-investors?utm_source=rss_feed https://www.scmp.com/business/article/3350447/hot-tips-cold-reality-china-targets-online-stock-scams-hitting-retail-investors?utm_source=rss_feed Fri, 17 Apr 2026 09:45:08 +0000 Zhang Shidong Zhang Shidong 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... https://www.scmp.com/business/china-business/article/3350454/chinas-warren-buffett-calls-pop-mart-long-term-buy-hints-labubu-maker-stake?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350454/chinas-warren-buffett-calls-pop-mart-long-term-buy-hints-labubu-maker-stake?utm_source=rss_feed Fri, 17 Apr 2026 09:00:10 +0000 Zhang Shidong Zhang Shidong 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... https://www.scmp.com/business/china-business/article/3350406/chinese-ai-firm-sensetime-raise-us415-million-share-placement?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350406/chinese-ai-firm-sensetime-raise-us415-million-share-placement?utm_source=rss_feed Fri, 17 Apr 2026 04:33:00 +0000 Wency Chen,Yulu Ao Wency Chen,Yulu Ao 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... https://www.scmp.com/business/banking-finance/article/3350387/manycore-one-hangzhous-six-little-dragons-surges-hong-kong-ipo-debut?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3350387/manycore-one-hangzhous-six-little-dragons-surges-hong-kong-ipo-debut?utm_source=rss_feed Fri, 17 Apr 2026 01:32:52 +0000 Vincent Chow Vincent Chow 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... https://www.scmp.com/tech/tech-trends/article/3350340/chinas-ai-firms-scaled-open-source-models-next-phase-may-be-different?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3350340/chinas-ai-firms-scaled-open-source-models-next-phase-may-be-different?utm_source=rss_feed Fri, 17 Apr 2026 01:00:17 +0000 Daniel Ren Daniel Ren 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&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... https://www.scmp.com/business/banking-finance/article/3350357/one-six-asia-pacific-firms-faces-credit-pressure-iran-war-energy-shock-sp-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3350357/one-six-asia-pacific-firms-faces-credit-pressure-iran-war-energy-shock-sp-says?utm_source=rss_feed Thu, 16 Apr 2026 23:00:13 +0000 Daniel Ren Daniel Ren 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... 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 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 Thu, 16 Apr 2026 14:40:24 +0000 Ben Jiang Ben Jiang A wave of companies, from the start-up launched by artificial intelligence “godmother” Li Fei-Fei to the largest Chinese tech firms, are racing to introduce their latest approaches to world models – an emerging field aimed at extending AI beyond language processing to learning from and comprehending physical reality. Alibaba Group Holding on Thursday unveiled Happy Oyster, which it called an open-ended world model designed for real-time and “flowy” virtual world creation and interaction,... https://www.scmp.com/tech/big-tech/article/3350351/chinese-tech-giants-ai-godmother-li-fei-fei-race-seize-edge-world-models?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3350351/chinese-tech-giants-ai-godmother-li-fei-fei-race-seize-edge-world-models?utm_source=rss_feed Thu, 16 Apr 2026 13:00:14 +0000 Xinyi Wu Xinyi Wu Beijing has raised the limit on banks’ overseas lending – a move that analysts say will support Chinese firms in outbound investment expansions while helping to stabilise the yuan. Regulators raised the overseas-loan leverage ratio for foreign banks in China and their joint ventures with Chinese lenders from 0.5 to 1.5 on Wednesday, according to a statement published by the central bank and the foreign exchange regulator. In a separate statement, the regulators said that the new rules would... https://www.scmp.com/economy/china-economy/article/3350350/chinas-pboc-raises-leverage-ratios-foreign-lenders-support-outbound-investment?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3350350/chinas-pboc-raises-leverage-ratios-foreign-lenders-support-outbound-investment?utm_source=rss_feed Thu, 16 Apr 2026 12:30:13 +0000 Themis Qi Themis Qi 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... https://www.scmp.com/business/commodities/article/3350334/geopolitics-further-fuel-hong-kong-mining-fundraising-amid-supercycle-experts-say?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3350334/geopolitics-further-fuel-hong-kong-mining-fundraising-amid-supercycle-experts-say?utm_source=rss_feed Thu, 16 Apr 2026 11:00:11 +0000 Zhu Wenqian Zhu Wenqian US investor sentiment towards Hong Kong and China equities has shifted notably, with US$14 billion in inflows over the three-month period to the end of February – the largest quarterly inflow in more than three years – lifting total holdings to US$466 billion, a record high, according to a BNP Paribas report on Thursday. “This may suggest a shift in the willingness of US capital owners to allocate more capital to Chinese equities after the substantive outflows seen between 2021 and the first... https://www.scmp.com/business/markets/article/3350332/us-investors-pour-hong-kong-china-equities-largest-quarterly-inflow-3-years?utm_source=rss_feed https://www.scmp.com/business/markets/article/3350332/us-investors-pour-hong-kong-china-equities-largest-quarterly-inflow-3-years?utm_source=rss_feed Thu, 16 Apr 2026 10:01:47 +0000 Julie Zhang Julie Zhang 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... https://www.scmp.com/business/companies/article/3350315/braincos-brain-computer-interface-wows-hsbc-summit-mind-controlled-hand?utm_source=rss_feed https://www.scmp.com/business/companies/article/3350315/braincos-brain-computer-interface-wows-hsbc-summit-mind-controlled-hand?utm_source=rss_feed Thu, 16 Apr 2026 09:10:34 +0000 Nicholas Spiro Nicholas Spiro At first glance, the rupee is staging a recovery. India’s battered currency has gained around 1.5 per cent since March 27, making it the best-performing currency in Asia, according to Bloomberg data. However, the recent bounce belies vulnerabilities in India’s economy that have been exacerbated by the energy shock emanating from the war in Iran. India is one of the most exposed among Asia’s leading economies, importing 90 per cent of its oil and more than half its liquefied petroleum gas.... https://www.scmp.com/opinion/asia-opinion/article/3350249/bullish-narrative-around-indias-economy-odds-struggling-rupee?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3350249/bullish-narrative-around-indias-economy-odds-struggling-rupee?utm_source=rss_feed Thu, 16 Apr 2026 08:30:10 +0000 Zhu Wenqian Zhu Wenqian Mainland China’s first-tier home prices edged up 0.2 per cent in March, rising after nine months of losses and no change in February, but it is too soon to declare the property market stable without sustained improvement in homebuying demand, according to analysts. Compared with a month earlier, March home prices were flat in Beijing, rose 0.3 per cent in Shanghai and Guangzhou, and gained 0.2 per cent in Shenzhen, according to data released by the National Bureau of Statistics (NBS) on... https://www.scmp.com/business/article/3350276/new-home-prices-chinas-biggest-cities-record-first-rise-10-months?utm_source=rss_feed https://www.scmp.com/business/article/3350276/new-home-prices-chinas-biggest-cities-record-first-rise-10-months?utm_source=rss_feed Thu, 16 Apr 2026 07:00:20 +0000 Zhang Shidong Zhang Shidong Contemporary Amperex Technology Limited (CATL), the world’s largest producer of electric vehicle (EV) batteries, rallied to lift its market capitalisation above 2 trillion yuan (US$293.4 billion) after creating a subsidiary to manage its mining assets, signalling a deeper push into the energy storage business. Its Shenzhen-listed shares rose 5.3 per cent to 453.98 yuan on Thursday, At 2.07 trillion yuan, the company ranks as the mainland’s fifth-largest listed firm, Shanghai DZH data shows. Its... https://www.scmp.com/business/china-business/article/3350269/catl-market-cap-tops-us293-billion-shares-surge-mining-arm?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350269/catl-market-cap-tops-us293-billion-shares-surge-mining-arm?utm_source=rss_feed Thu, 16 Apr 2026 06:11:18 +0000 Themis Qi Themis Qi 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... https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3350260/sigenergy-jumps-83-hong-kong-debut-rising-energy-storage-demand?utm_source=rss_feed https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3350260/sigenergy-jumps-83-hong-kong-debut-rising-energy-storage-demand?utm_source=rss_feed Thu, 16 Apr 2026 05:23:05 +0000 Enoch Yiu Enoch Yiu Mark Mobius, who was known as the father of emerging markets and was among the first fund managers to invest in Hong Kong and mainland China, died on Wednesday at the age of 89, according to a statement on his LinkedIn account. The statement did not give the cause. Mobius was based in Dubai in recent years and remained active in investment via his own firm. He was managing director of Mobius Emerging Opportunities Fund. Mobius remained bullish on China throughout his career. In his last... https://www.scmp.com/business/markets/article/3350250/mark-mobius-pioneering-emerging-market-investor-and-china-bull-dies-89?utm_source=rss_feed https://www.scmp.com/business/markets/article/3350250/mark-mobius-pioneering-emerging-market-investor-and-china-bull-dies-89?utm_source=rss_feed Thu, 16 Apr 2026 04:30:22 +0000 Morning Studio editors Morning Studio editors Many world-class cities are prioritising efforts to enhance their health technology infrastructures to attract more clinical trials and research projects. These can offer many benefits not only to pharmaceutical companies and research institutes, but also – potentially – give the public better access to innovative treatment options and raise the overall quality of their healthcare system. Hong Kong, backed by two top‑ranked medical schools and one of the world’s most active capital markets, is... https://www.scmp.com/native/business/topics/building-hong-kongs-future/article/3347785/how-hong-kongs-role-innovation-hub-helps-healthcare-and-biotech-firms?utm_source=rss_feed https://www.scmp.com/native/business/topics/building-hong-kongs-future/article/3347785/how-hong-kongs-role-innovation-hub-helps-healthcare-and-biotech-firms?utm_source=rss_feed Thu, 16 Apr 2026 04:00:11 +0000 Xiaofei Xu Xiaofei Xu 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... https://www.scmp.com/tech/article/3350243/asml-boosts-2026-sales-forecast-despite-shrinking-china-sales?utm_source=rss_feed https://www.scmp.com/tech/article/3350243/asml-boosts-2026-sales-forecast-despite-shrinking-china-sales?utm_source=rss_feed Thu, 16 Apr 2026 03:29:22 +0000 Cheryl Arcibal Cheryl Arcibal 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... https://www.scmp.com/business/article/3350205/futu-securities-opens-coffee-shop-branch-it-adapts-changing-client-lifestyles?utm_source=rss_feed https://www.scmp.com/business/article/3350205/futu-securities-opens-coffee-shop-branch-it-adapts-changing-client-lifestyles?utm_source=rss_feed Wed, 15 Apr 2026 23:30:08 +0000 Daniel Ren Daniel Ren 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... 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 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 Wed, 15 Apr 2026 13:50:49 +0000 Minxiao Chang Minxiao Chang 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... https://www.scmp.com/tech/big-tech/article/3350183/lightelligence-track-ipo-plans-chinas-ai-photonics-race-gathers-pace?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3350183/lightelligence-track-ipo-plans-chinas-ai-photonics-race-gathers-pace?utm_source=rss_feed Wed, 15 Apr 2026 11:00:31 +0000 Julie Zhang Julie Zhang 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... 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 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 Wed, 15 Apr 2026 09:00:13 +0000 SCMP SCMP We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Tesla outraces China’s BYD in pure electric car sales to regain world’s top spot Tesla has regained the global pure electric vehicle (EV) crown for the first time since the fourth quarter of 2024, after its deliveries rose 6.5 per cent year on year in the three months ending March. 2.... https://www.scmp.com/business/china-evs/article/3350112/brazil-blacklists-chinas-byd-how-batteries-might-get-quality-upgrade-7-ev-reads?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3350112/brazil-blacklists-chinas-byd-how-batteries-might-get-quality-upgrade-7-ev-reads?utm_source=rss_feed Wed, 15 Apr 2026 07:30:08 +0000 Cheryl Arcibal Cheryl Arcibal 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... https://www.scmp.com/business/article/3350140/dbs-hong-kong-acquires-six-floors-center-us334-million-deal?utm_source=rss_feed https://www.scmp.com/business/article/3350140/dbs-hong-kong-acquires-six-floors-center-us334-million-deal?utm_source=rss_feed Wed, 15 Apr 2026 06:50:31 +0000 Themis Qi Themis Qi 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... https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3350132/huaqins-us580-million-hong-kong-share-sale-attracts-jpmorgan-and-ubs?utm_source=rss_feed https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3350132/huaqins-us580-million-hong-kong-share-sale-attracts-jpmorgan-and-ubs?utm_source=rss_feed Wed, 15 Apr 2026 06:00:51 +0000 Zhang Shidong Zhang Shidong China is set to raise about 15.5 billion yuan (US$2.3 billion) from a sovereign bond sale in Hong Kong next week, the largest such issuance since 2023, as global investors seek refuge in Chinese assets amid the US-Iran conflict. The Ministry of Finance said in a statement on Wednesday it would offer the yuan-denominated bonds – its second offshore issuance this year – on April 22. Further details will be released through the Hong Kong Monetary Authority’s Central Moneymarkets Unit. The planned... https://www.scmp.com/business/china-business/article/3350130/china-sell-us23-billion-bonds-hong-kong-biggest-deal-2023?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350130/china-sell-us23-billion-bonds-hong-kong-biggest-deal-2023?utm_source=rss_feed Wed, 15 Apr 2026 05:29:54 +0000 Yulu Ao Yulu Ao 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... https://www.scmp.com/business/china-business/article/3350108/hong-kong-stocks-surge-hopes-us-iran-talks-ease-oil-price-fears?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350108/hong-kong-stocks-surge-hopes-us-iran-talks-ease-oil-price-fears?utm_source=rss_feed Wed, 15 Apr 2026 02:28:04 +0000 Enoch Yiu Enoch Yiu 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,... https://www.scmp.com/business/banking-finance/article/3350089/how-paymes-33-million-users-and-hong-kong-firms-could-start-using-stablecoins?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3350089/how-paymes-33-million-users-and-hong-kong-firms-could-start-using-stablecoins?utm_source=rss_feed Wed, 15 Apr 2026 00:00:37 +0000 Peggy Ye Peggy Ye Mainland buyers are playing an increasingly prominent role in Hong Kong’s housing market rebound, supported by a stronger yuan, rising rents and an influx of new arrivals shifting from tenants to homeowners. Transactions involving mainland buyers rose 53 per cent year on year to 3,882 units across the primary and secondary markets in the first quarter, according to Midland Realty, citing Land Registry data. The value of those purchases jumped 93 per cent to HK$42.7 billion (US$5.5 billion). The... https://www.scmp.com/business/banking-finance/article/3350070/mainland-buyers-fuel-93-cent-surge-hong-kong-property-deal-value?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3350070/mainland-buyers-fuel-93-cent-surge-hong-kong-property-deal-value?utm_source=rss_feed Tue, 14 Apr 2026 23:00:15 +0000