Daniel Ren

Daniel Ren

Shanghai
Shanghai Bureau Chief
Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.
Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.
Areas of Expertise:
China business, finance and markets
Languages Spoken:
English, Mandarin

Hong Kong gaining lustre as bridge to China’s tech sector: HKEX CEO

Hong Kong remains a top IPO destination for Chinese tech start-ups seeking to connect with global investors, Bonnie Chan Yiting says.

The discounts underscore Tesla’s sliding output and fading demand, as analysts warn of intensifying EV price battles.

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While the company stresses the tour does not signal the vehicle will be sold in China, some observers believe it could still bolster the brand’s position.

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A seven-month domestic downturn contrasts with a 147.8 per cent jump in overseas shipments, highlighting a widening gap between domestic and export markets.

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Three premium Chinese electric car makers saw sales decline in July, intensifying concerns that the industry is heading for another discount war.

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While the EV maker’s CEO has denied talk of a Tesla-China separation, the reports underscore mounting pressures amid broader US-China tensions.

Related Topics
Hong Kong stock marketElectric & new energy vehiclesChina exportsRoboticsChina property