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Even as model sizes balloon, Chinese AI firms continue to compete aggressively on price rather than relying solely on performance premiums. Photo: Shutterstock
Artificial intelligence

Zhipu, DeepSeek push China’s trillion-parameter AI frontier amid US clampdown

China’s AI developers deepen push into massive foundation models, backed by lower costs and investor momentum despite US restrictions.

Hong Kong property

Hong Kong property sales more measured as interest rate increase looms

United States

SpaceX bankers prepare for potential US$20 billion bond offering, sources say

Banking & finance

Hong Kong graduates prefer careers in finance, survey finds

Survey by CFA Institute reveals 90 per cent believe they have the skills to succeed and know what employers are looking for.

Chinese University of Hong Kong graduates celebrate after its 94th congregation ceremony in November 2024. Photo: Elson Li
Chinese University of Hong Kong graduates celebrate after its 94th congregation ceremony in November 2024. Photo: Elson Li
Banking & finance

Global investors still in China’s orbit despite SpaceX IPO: HKEX chief

HKEX chief Bonnie Chan says global investors remain focused on China’s innovation story.

Yuan

China accelerates digital yuan push as 26 banks join new cross-border platform

The platform will make it easier to make cross-border e-CNY payments, with banks operating in Brazil, Qatar and Thailand among others already signed up.

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Banking & finance

HSBC China opens doors for mainland investors to global markets

Despite the cross-border trading crackdown, analysts say Beijing will continue to allow investment in overseas markets via legal channels.

HSBC China has announced that it has become the first foreign bank to provide custodian services for a cross-border fund project that can help mainland clients invest in foreign markets. Photo: Getty Images
HSBC China has announced that it has become the first foreign bank to provide custodian services for a cross-border fund project that can help mainland clients invest in foreign markets. Photo: Getty Images
Banking & finance

AI boom sparks Kingboard subsidiary’s US$1.5b stake sale to ramp up PCB capacity

AI server backlogs and supply chain strains push Kingboard to tap markets and expand circuit board output.

Banking & finance

Central banks expand bullion holdings as US dollar’s dominance wavers

World Gold Council states about nine in 10 central banks will increase holdings as de-dollarisation trend continues amid global instability.

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Hong Kong property

Hong Kong developer Lai Sun seeks note swap in bid to ease liquidity pressure

Noteholders, if eligible, can swap their holdings for notes in US dollar denominations.

A view of the CCB Tower in Central. Photo: Nora Tam
Banking & finance

HSBC, Hang Seng mobile apps restored after Hong Kong users were locked out

HSBC and Hang Seng Bank at 2.30pm said all mobile banking services have resumed normal after customers were unable to access the mobile apps since 9am.

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HSBC is the biggest lender in Hong Kong with over 7 million customers. Photo: Jelly Tse
HSBC is the biggest lender in Hong Kong with over 7 million customers. Photo: Jelly Tse
Hong Kong property

US$46.2 million penthouse sale in Mid-Levels sets a 2026 record

The sale at the luxury development is the highest price per square foot in a first-hand transaction so far this year.

Family offices

European wealth turns to Hong Kong as 30 family offices eye operations

Wealthy European families are looking to Hong Kong as a base for Asian investments, drawn by tax incentives and new growth opportunities.

Investing

Why gold may rebound 13% this year – and what could hold it back

Metal’s upside rests on central-bank demand and easing oil shock, but higher yields and AI spending may temper recovery, money managers say.

Gold is forecast to climb to between US$4,750 and US$5,500 an ounce by the end of 2026, according to State Street Investment Management. Photo: Reuters
Banking & finance

Hong Kong regulators vow strict compliance as Beijing tightens capital controls

Regulators stress that Hong Kong’s role as an international financial centre must support China’s broader financial development objectives.

The Securities and Futures Commission (SFC) chairman Kelvin Wong Tin-yau. The increased scrutiny is part of Beijing’s efforts to strengthen oversight of capital flows. Photo: Sun Yeung
The Securities and Futures Commission (SFC) chairman Kelvin Wong Tin-yau. The increased scrutiny is part of Beijing’s efforts to strengthen oversight of capital flows. Photo: Sun Yeung
Hong Kong property

Hong Kong developers rediscover pricing power amid firmer demand

Developers ‘no longer relying on discounted pricing to drive sales’, with popular projects recording double-digit increases, JLL says.

IPO

China’s space start-ups eye IPO boom as SpaceX heads for record listing

China’s emerging aerospace firms are lining up to list as SpaceX’s blockbuster flotation shines a spotlight on the sector.

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China's economic recovery

Citic Securities breaks ceiling with first ‘A’ class rating for China brokerage

Award of an A-minus rating seen as a milestone in China’s efforts to build globally competitive investment banks.

The logo for Fitch Ratings, one of the “big three” credit ratings agencies, in Canary Wharf, London. Photo: Shutterstock
The logo for Fitch Ratings, one of the “big three” credit ratings agencies, in Canary Wharf, London. Photo: Shutterstock
US-China tech war

Who pays when rockets explode? China rushes to insure SpaceX’s rivals

Wave of Chinese insurers is underwriting rockets and satellites, turning space risk into a new front in the China-US rivalry.

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Semiconductors

To beat chip crunch, Chinese firm inks memory deal bigger than its sales

The US$1.86 billion multi-year flash deal with unnamed supplier underscores how downstream companies scramble to secure capacity.

HKEX

Hong Kong emerges as top listing hub for global tech firms, HKEX says

Exchange will review listing rules introduced since 2018 to consolidate its competitiveness in the global fundraising market.

Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing, poses with humanoid robots at the bourse operator's Future Tech Summit in Shenzhen on Thursday. Photo: Handout
China stock market

Red-chip listing to make Chinese green power producer Shenzhen’s biggest IPO

Wind and solar producer plans multiple projects amid China’s push to deepen its insulation from global oil-shock pressures.

China Resources New Energy is set to become the first Shenzhen-listed company incorporated overseas but operating mainly in mainland China under the red-chip structure. Photo: Roy Issa
China Resources New Energy is set to become the first Shenzhen-listed company incorporated overseas but operating mainly in mainland China under the red-chip structure. Photo: Roy Issa
IPO

The world’s 5 largest-ever IPOs, before Elon Musk’s SpaceX listing

Ahead of SpaceX’s public listing on Friday, set to break records, here are some previous block-buster fundraisers.

Banking & finance

New York leads, but Asia-Pacific’s financial hubs are on the rise

The centre of gravity is shifting east in the financial services world, but New York remains the global benchmark, says Colliers report.

Banking & finance

Tencent, Swire boost Hong Kong debt market with US$5.2b multi-currency deals

Investor appetite for Hong Kong debt is growing, with the offerings reinforcing the city’s role as a global bond hub.

Tencent has unveiled a dual-currency bond package worth US$2.45 billion in US dollar notes and 15 billion yuan (US$2.2 billion) in offshore yuan notes. Photo: Reuters
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