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Yulu Ao
Reporter, Business
Yulu Ao joined SCMP in 2022 as a business reporter. She previously covered business trends across the Greater Bay Area with topics including financial market, healthcare, aviation, etc. She holds a master's degree in journalism from the University of Hong Kong. Before moving to Hong Kong, she interned in different roles at several news agencies in mainland China.
Yulu Ao joined SCMP in 2022 as a business reporter. She previously covered business trends across the Greater Bay Area with topics including financial market, healthcare, aviation, etc. She holds a master's degree in journalism from the University of Hong Kong. Before moving to Hong Kong, she interned in different roles at several news agencies in mainland China.
Areas of Expertise:
Property, Financial MarketsLanguages Spoken:
English, Mandarin
Chinese equities edged higher on Friday, led by BYD, after the offshore yuan climbed through 7 per dollar for the first time since 2024.
Mainland stocks closed higher after paring earlier losses as investors read the central bank’s latest messaging as supportive but restrained.
Investors shrug off weaker US Federal Reserve easing hopes and bet on resilient corporate profits into 2026.
Losses in tech heavyweights like Kuaishou, Tencent and Xiaomi pull Hang Seng Index lower after advancing in the morning session.
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Hong Kong’s market will close early on Wednesday and remain shut on December 25 and 26.
Vanke, responding to queries from investors, says top managers have not notified it about their intentions so far.
From biotech to AI, December’s listings – including at least 15 down the stretch – crown the city’s revival in equity fundraising.
Despite renewed ‘bubble’ talk around AI valuations after a November sell-off, Standard Chartered says the cycle is different this time.
Investors anticipate further easing on monetary, fiscal and property fronts after Beijing vowed to strengthen domestic market.
Investors should shift focus to AI-driven sectors with more rising stars, under-covered companies and pair-trading opportunities.
Investors look to CEWC for growth target, property sector stabilisation and measures to boost domestic demand.
Market sentiment buoyed by China homebuyer loan support talk and Vanke debt progress.
HSBC Private Bank sets a target of 31,000 for the Hang Seng Index next year, representing a 22 per cent gain from Tuesday’s close.
Global banks cite lack of urgency in policy signals; Wall Street retreat adds pressure on sentiment.
Hang Seng Index falls 1.2 per cent as traders weigh US Federal Reserve rate cuts and Beijing’s 2026 policy priorities.
Every dollar invested by the HKIC has attracted more than six in long-term market capital, Financial Secretary Paul Chan says.
China stocks’ next phase of growth hinges on earnings, not just higher valuations, says BofA Global Research’s Winnie Wu.
Attractive valuations, improved fundamentals and pro-growth policies – HSBC and UBS expect a ‘good year’ ahead as China hits growth targets.
Growing confidence in a US interest-rate cut overcomes concerns about an AI bubble and a contraction in mainland factory activity.
Mortgage and resale data both show a sustained rise in sentiment amid improving rates, prices and rental yields, agents say.
Fundamentals will continue to drive the market’s gradual improvement over the longer term, analysts say.
Once a bellwether for China’s property sector, China Vanke now faces a CCC- rating, negative CreditWatch and a tight refinancing window.
Individual traders are adhering to a ‘buy the dip’ strategy, Interactive Brokers’ David Friedland says.
Hong Kong stock benchmark’s loss of 5.1 per cent for the five-day period is the most since April 11.
Hang Seng Mainland Properties Index rises 1.7 per cent on reports China is considering measures to revive its struggling property market.
Wall Street sell-off hits Magnificent Seven, while chances of a December Fed rate cut fall below 50 per cent.
The Hong Kong stock benchmark’s 1.7 per cent slump on Tuesday was its biggest since October 31.
JPMorgan raises Chinese electric-vehicle maker’s price target, citing long-term AI potential.
The US government will release nonfarm payrolls for September on Thursday, the first data since the 43-day shutdown.
