Raymond Ma

Raymond Ma

Hong Kong
News Editor
Raymond is a 20-year veteran of the news and media industry in Hong Kong, with a special focus on the banking and financial services and metals and mining industries, as well as China. This is his second stint at the Post. He also previously wrote and edited news for S&P Global.
Raymond is a 20-year veteran of the news and media industry in Hong Kong, with a special focus on the banking and financial services and metals and mining industries, as well as China. This is his second stint at the Post. He also previously wrote and edited news for S&P Global.
Areas of Expertise:
Business, finance, China
Languages Spoken:
Cantonese, English

China property stocks plunge as regulators tighten financing

State-backed developers including China Resources Land and China Overseas Land plunged in Hong Kong trading after regulators moved to curb presales.

This week: President Xi Jinping may take China business delegation to US and sign trade-war truce extension with Trump, hundreds killed in Nepal-China disaster, Alibaba holds record Hong Kong share sale. Next week: Xi attends SCO summit, Shein begins trading after long-delayed IPO, August PMI may show factory slowdown and more.

US measures targeting Iran-linked companies exclude major Chinese ones, probably to avoid the risk of jeopardising the fragile bilateral trade truce.

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China’s anti-graft investigators are targeting more officials, including more retirees, according to a South China Morning Post research project.

This week: Chinese Foreign Minister Wang Yi visits Seoul amid US-South Korea strains, July economic data misses expectations, and US says China should join Iran sanctions. Next week: Fed Chairman Kevin Warsh speaks at Jackson Hole, Shein may begin delayed IPO, Chang’e-7 lifts off in search of lunar water, and more.

The US Treasury tried to cool rising borrowing costs in the dollar debt market with a surprise intervention, while yields in China are near the lowest in a year.

LandSpace’s success in landing a rocket, following CASC’s achievement last month, may help launch space missions more cheaply and more frequently.

This week: SMIC plans to boost chipmaking capacity on AI demand, former premier Zhu Rongji dies and retail investors flood Unitree IPO. Next week: Shein may open Hong Kong IPO, China retail sales may accelerate, Baidu and Alibaba post earnings, robots go on show in Beijing, and more.

The Meta’s chief’s 6,500-word essay on artificial intelligence backs open systems and highlights China’s infrastructure edge as a threat to US leadership.

Retail investors subscribed for more than 5,500 times the shares on offer in Unitree Robotics’ offering amid hype about advances for humanoid robots and a run of Shanghai IPO windfalls.

A new military alliance between Pakistan, Saudi Arabia and Turkey creates a potential gap with the US and the possibility of greater China influence in the region.

This week: July trade growth moderates, Beijing retaliates against US sanctions and services activity growth slips. Next week: Subscriptions start for Unitree IPO, Tencent and Chinese chipmakers report interim earnings, July factory gate prices and more.

Beijing tightens curbs on unmanned aerial vehicle exports after US robotics import ban, sanctions firms for aiding measures targeting Xinjiang.

Shares of firms including Zhongji Innolight, newly listed in Hong Kong, dive on news US is working on plan to ban imports from China of new models of their core product.

Top official greets scientists doing research from foundational to frontier, with country committed to raising R&D spending by at least 7 per cent a year.

Big three Chinese premium vehicle makers’ deliveries decline in July and central bank vows steps to foster economic growth as it hits a four-year low.

This week: China manufacturing surprisingly contracts, the Politburo dampens stimulus expectations, memory maker CXMT surges after IPO, and the US bans imports of Chinese robots. Next week: The PLA celebrates its 99th anniversary, July exports may cool, HSBC posts earnings, soccer giants play in Hong Kong, and more.

Nvidia supplier Innolight declines on its Hong Kong trading debut as once AI-hungry investors turn increasingly nervous about sector’s huge spending plans.

Overseas borrowers in China’s onshore yuan debt market will avoid some fees until 2028 as regulators seek to grow international use of the currency.

The reported start of production of chipmaking equipment in China has shaken up the global industry, even with efforts still trailing far behind leaders.

Chipmaker CXMT skyrocketed on its first day of trading on Shanghai’s Star Market, fuelled by a low IPO valuation and surging global demand for DRAM memory.

This week: Trump levies new tariffs against 60 US trading partners, China’s ‘national team’ investors prop up tumbling stock market, and Bessent threatens sanctions against Chinese AI developers. Next week: CXMT debuts in Shanghai followed by Zhongji Innolight in Hong Kong after blockbuster IPOs, China’s Politburo likely to discuss economy, ChinaJoy draws gamers in Shanghai, and more.

An overwhelming rush to sign up for Moonshot’s Kimi K3 model underscores how China is rapidly gaining ground on the US in artificial intelligence.

This week: China allows limited imports of Nvidia H200 chips, the US and Iran resume attacks in the Middle East, and a Chinese submarine fires a test missile into the Pacific Ocean. Next week: Second-quarter GDP numbers come out, CXMT starts mainland IPO, Hong Kong Book Fair opens its doors, and more.

Related Topics
China's economic recovery2026 Xi-Trump summitsArtificial intelligence (AI)US-Israel war on IranCorruption in ChinaBanking & financeChina-South Korea relationsScienceSemiconductorsChina’s Communist Party