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
Major banks such as HSBC and UBS host thousands of executives in southern tech hub this week to connect foreign capital with domestic firms.
Citic, CICC and Guotai Haitong among those broadening cross-border deal-making and committing fresh capital to international arms as Beijing backs stronger investment banks.
As LNG and EV adoption bite into traditional fuel sales, higher global crude prices help the state-backed giant deliver strong earnings.
The revision is designed to help the tech index recover from an underwhelming first half by tapping a new generation of Chinese AI firms.
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Alibaba shares, bitcoin, Hong Kong second-hand home prices and Shein’s IPO plans in spotlight this week.
Regulators select 36 use cases involving dozens of financial institutions and tech partners to test AI use in onboarding, payments, claims and customer service.
China’s largest offshore oil and gas producer saw net profits jump over 23 per cent in the first half amid turbulence in the Middle East.
Higher gross margins, surging projects and continued demand from North American markets help power the drug developer’s strong first-half performance.
Hong Kong lender says it is expanding its workforce to capture rising demand from high-net-worth clients.
CXMT’s valuation, Unitree’s listing surge and retirement expectations for Hong Kong’s wealthy are among stories leading this week’s market numbers.
The violations involved several QDII products offered between 2019 and 2022, which have ‘since been rectified’, Guotai Haitong said.
Decline in sales growth will be ‘difficult to reverse’ without a new product format or powerful celebrity endorsement, analyst says.
Robust fee growth tipped for Hong Kong, Singapore banks as mainland Chinese clients’ offshore allocations driven by diversification: report.
Lower yuan borrowing costs and longer maturities lure issuers, marking a fresh phase in the city’s expanding offshore market.
Investors David Tepper and Stanley Druckenmiller are among those switching up their bets, with Chinese giant Baidu gaining investment from both.
About 1.7 million South Koreans visited China in the first half of this year, up 16 per cent from the same period last year.
The CEO discusses China’s evolving capital markets and why multinationals are turning to local partners amid shifting geopolitical dynamics.
Ex-Wall Streeter Zhang Yichen on attracting capital to China, building up its bond market and helping foreign firms better serve Chinese consumers.
Chinese tourists in Seoul are turning tourist trips into shopping sprees, as a softer won makes luxury and lifestyle services more affordable.
While not a high-volume market, success in South Korea helps ‘prove the quality and competitiveness’ of Chinese EVs, analyst says.
CXMT and YMTC are nearing public listings, giving China’s memory-chip sector fresh firepower in its pursuit of Samsung and SK Hynix.
The two delegations met in Seoul’s Incheon Airport, spoke for a few hours and skipped the press conferences typically held after earlier sessions.
Trade deals, export controls on critical minerals and the Iran war likely to be talking points as senior officials sit down for negotiations.
US equities rally amid easing Middle East tensions, but global investors remain cautious, focusing on diversification and China’s prospects.
Hong Kong has seen a string of blockbuster listings by Chinese AI firms in recent months. Yet the Hang Seng Tech Index remains deep in a slump.
Xiaomi’s EV unit gathers pace with April deliveries topping 30,000, but analysts say profits may lag as subsidies and costs weigh.
Move comes weeks after Ant Group strengthened foothold in city’s brokerage market through acquisition of stake in Bright Smart Securities.
Strong loan growth to infrastructure and policy-backed sectors helps lift profits, while margins show early signs of stabilising.
Listing approval for Hong Kong-listed CRP’s unit highlights strong demand for clean energy, driven by China’s long-term decarbonisation targets.
