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Cao Li
Senior Correspondent, Business
Cao Li has been working as a journalist focusing on China for two decades, covering a wide range of topics from politics, society and business. She previously worked at the Wall Street Journal and the New York Times in Beijing and Hong Kong.
Cao Li has been working as a journalist focusing on China for two decades, covering a wide range of topics from politics, society and business. She previously worked at the Wall Street Journal and the New York Times in Beijing and Hong Kong.
Areas of Expertise:
China finance, property and politicsLanguages Spoken:
English, Mandarin
Fit-out costs in the city average more than US$2,000 per square metre, topping Tokyo, with Hong Kong in eighth, Knight Frank report says.
China signals shift from debt-driven housing growth, but sweeping stimulus seen as unlikely.
Risk-off sentiment is seen across major Asia-Pacific markets, with South Korea’s Kospi benchmark falling 7.2 per cent.
CR Longdation buys Kwai Chung hotel for US$122 million and plans 900-bed facility as non-local student numbers continue to rise.
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Policy support, Chinese New Year demand and Winter Olympics exposure lift China’s sportswear makers, with Li Ning and Anta leading gains.
Wuliangye Yibin’s Zeng Congqin is the latest high-profile figure targeted as Beijing’s anti-corruption drive intensifies in liquor sector.
Toymaker’s latest character launch draws tepid demand, raising questions about the company’s reliance on Labubu’s success.
The city’s commercial property market remains on a sustained downturn, as rents continue to fall and vacancy rates soar.
Non-residents with three years of social security contributions or individual income taxes will be allowed to buy a second home in the city.
The survey showed that only 10 per cent of credit investors consider AI-driven corporate obsolescence a big concern.
China’s key shopping street rents have fallen to 2018 levels as cautious consumers cut spending and landlords lower prices to fill vacancies.
At least six New York staff laid off as the bank presses ahead with a global overhaul aimed at saving US$1.5 billion a year.
The carmaker is pressing ahead despite tariffs on Chinese electric vehicles, betting on demand for high-spec models.
Record gold prices have lifted sentiment across raw materials, but analysts expect differentiated returns as producers ratchet up output.
Beer drinkers in China are veering away from bars and high-end restaurants, instead opting for cheaper stay-at-home options, analysts say.
A net 21 stocks were added to the MSCI China Index, including SenseTime, Pony.ai and Hesai Technology.
Bank of China (Hong Kong) and Bank of East Asia could be affected the most as they have the highest exposure to China’s property sector.
The toymaker’s stock gains as user growth, livestream sales and overseas expansion signal resilience despite softer consumer demand in China.
Issuers raised US$7.4 billion in convertibles in early 2026, nearly half of last year’s total, as they rushed to lock in high share prices.
Starbucks’ China stake sale signals a seismic shift, as global firms retreat amid rising competition, price wars and evolving consumer tastes.
Chinese-owned agritech group’s mooted float could rank among Hong Kong’s biggest listing in years.
The US$717 million Dingdong acquisition highlights Meituan’s long-term bet on grocery e-commerce and on-demand consumption in China.
But other markets like South Korea could offer stronger near-term returns for international investors, J.P. Morgan Private Bank says.
The issuance implies potential dilution for Hong Kong–listed shareholders, with the conversion price set at a premium.
China’s top developers slumped in January, with weak demand and fading policy support raising fresh concerns over debt repayment capacity.
IPO pipeline swelled in January, with listing applications tripling year on year and proceeds reaching their second highest level on record.
Debt-laden Hong Kong developer confirms in exchange filing that parent Chow Tai Fook Enterprises has been approached by investors.
The drug maker says the funding will expand medicines production and research capabilities, as London and Beijing seek to rebuild momentum.
With liquor stocks viewed as a barometer of real estate-linked business activity, the rally reflects renewed hopes for the property sector.
