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People attend a conference in London in December 2024 to discuss the transformative potential of online education and artificial intelligence. Photo: Xinhua
Banking & finance

GenAI spending can unlock ‘co-working’ potential in financial sector: Moody’s

Moody’s has developed 35 AI-driven agents with specific instructions, personalities and access to data and research to perform different tasks.

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US-listed Chinese stocks

Chinese companies’ ADRs at risk if US severs market ties: Goldman

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Banking & finance

Louis Vuitton, Gucci owners face tough times in China amid trade war, property slump

Banking & finance

Tightened rules to shut many LGFVs out of Shanghai bond market, Fitch says

China has pledged to trim debts among local government financing vehicles by 2.3 trillion yuan (US$315 billion) by 2028.

People walk past the Shanghai Stock Exchange Building on April 9, 2025. Photo: EPA-EFE
People walk past the Shanghai Stock Exchange Building on April 9, 2025. Photo: EPA-EFE
Banking & finance

Global banks make big progress in gender balance amid anti-DEI steps, report says

Average score rose to 42 this year from 37 in 2024, with commercial banks leading the charge in diversity, equity and inclusion efforts.

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Banking & finance

Hong Kong banks face highest bad-loan risk in Asia-Pacific from US tariffs: Fitch

Higher US tariffs could weaken banks’ profitability and asset quality in export-reliant markets, rating agency says.

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IPO

Chinese tea firm Chagee raises US$411 million in New York IPO, sources say

At US$28 per depositary share, Chagee will be valued at US$5.1 billion, according to its regulatory filings.

A Chagee outlet in Yichang, central Hubei province, in January 2025. Photo: Getty Images
A Chagee outlet in Yichang, central Hubei province, in January 2025. Photo: Getty Images
Banking & finance

Hang Seng Bank promotes son of Hong Kong leader John Lee in China-unit reshuffle

The management changes in the bank’s mainland unit come at a critical time amid the US tariff campaign, a broker says.

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Family offices

‘Your capital is safe’ in Hong Kong, financial secretary reassures family offices

The China-US tariff war underscores Hong Kong’s soundness as a stable destination for wealthy families’ investments, Paul Chan says.

IPO

Shenzhen pork producer, Beijing AI firm eye Hong Kong listings

Sixteen companies submitted listing applications for Hong Kong’s main board in the past two weeks, according to exchange data.

A staff member checks on piglets at a Muyuan Group facility in Nanyang City, in central China’s Henan Province, on March 21, 2024. Photo: Xinhua
Banking & finance

Wealthy investors look to Europe, Asia amid US tariff risks: Deutsche Bank

Conversations around diversification and hedging have grown since US tariffs became a reality, Deutsche Bank executive says.

Marco Pagliara, Deutsche Bank’s head of private banking for emerging markets, at the Rosewood Hotel in Tsim Sha Tsui on Tuesday. Photo: May Tse
Marco Pagliara, Deutsche Bank’s head of private banking for emerging markets, at the Rosewood Hotel in Tsim Sha Tsui on Tuesday. Photo: May Tse
Banking & finance

Exclusive | HSBC to offer anti-ageing treatments, medical check-ups at Hong Kong wealth hub

The wealth centre, which will open in the second half, is aimed at the growing silver economy, HSBC Life’s Daisy Tsang says.

Electric & new energy vehicles

China’s CATL joins with Sinopec to build EV battery-swapping network

World’s top maker of EV batteries and oil giant aim to build a ‘battery-swapping ecosystem across the whole nation’.

Donald Trump

Trump’s trade war sends dollar to 6-month low, sparking investor concerns

The Bloomberg Dollar Spot Index has fallen about 6.1 per cent this year, on track for its biggest annual loss since 2017.

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The Bloomberg Dollar Spot Index fell for a fifth day on Monday, losing a total of 3.3 per cent during that stretch. Photo: EPA-EFE
US-listed Chinese stocks

‘Extreme’ US-China decoupling could cost US$2.5 trillion, Goldman warns

Threat of decoupling emerged after Treasury Secretary Scott Bessent said delisting of US-traded Chinese companies was back on the table.

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The Trump administration’s so-called reciprocal tariffs has sent global financial markets into a tailspin. Photo: Reuters
The Trump administration’s so-called reciprocal tariffs has sent global financial markets into a tailspin. Photo: Reuters
Banking & finance

US Treasury market sees historic yield curve steepening amid Trump’s trade war

Investors demanding higher yield to own 30-year Treasuries over two-year maturities has increased for nine straight weeks.

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Banking & finance

Hong Kong to unveil 3 e-banking security measures to combat financial fraud

The HKMA’s ‘E-Banking Security ABC’ measures will enhance online banking security, deputy chief executive Arthur Yuen says.

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Donald Trump

Investors urged to diversify amid Trump’s tariff war and market volatility

Experts urge investors to diversify into alternative assets like private credit for stability and growth.

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US President Donald Trump’s tariffs roiled markets last week after he imposed punitive tariffs on America’s trading partners. Photo: AFP
US President Donald Trump’s tariffs roiled markets last week after he imposed punitive tariffs on America’s trading partners. Photo: AFP
Banking & finance

US delisting of Chinese stocks may make Hong Kong great again

A total of 286 Chinese firms are listed in the US with a total market capitalisation of US$1.1 trillion.

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Hong Kong stock market

Hang Seng Index trims some losses in worst week in years amid trade war

Traders are bracing for more trade hostility after the White House clarified that US tariffs on Chinese goods stood at 145 per cent.

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China stock market

Trade war may derail corporate earnings recovery in China, Morgan Stanley says

US investment bank sees downside risk to its bet on corporate earnings recovery in 2025 as the US-China tariff war escalates.

Shipping containers are stacked at the Port of Baltimore on April 10, 2025. Photo: AFP
China stock market

Chinese companies budget US$2.7 billion to defend stocks in bloodbath

More than 100 companies have announced buy-back plans, including PetroChina, Midea Group and CATL.

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A screen showing stock market movements in Hangzhou, in eastern China’s Zhejiang province on April 7, 2025. Contrary to global conventions, China’s exchanges depict losses and declines in green, using the red colour to illustrate advances and gains. Photo: AFP.
A screen showing stock market movements in Hangzhou, in eastern China’s Zhejiang province on April 7, 2025. Contrary to global conventions, China’s exchanges depict losses and declines in green, using the red colour to illustrate advances and gains. Photo: AFP.
US-China relations

Will China dump US treasuries? Fears of ‘vicious spirals’ in global markets grow

Fears are growing that the US-China trade war could enter an unpredictable – and potentially devastating – new phase.

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Banking & finance

HKIC backs fintech unicorn WeLab to bring Hong Kong start-ups to Southeast Asia

The Hong Kong government’s investment arm has acquired an unspecified stake in the Li Ka-shing-backed consumer finance company.

Mergers & Acquisitions

China Mobile gets 15.5% stake in HKBN to fend off rival I Squared Capital

Company agrees to pay about US$154.6 million for the block of shares from private equity firm TPG.

HKBN is a takeover target for China Mobile and US infrastructure fund I Squared Capital. Photo: EPA-EFE
China Future Tech
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Tech Trends

Nvidia CEO calls China a ‘key market’ on Beijing visit, as US bans H20 chips

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Nvidia CEO Jensen Huang (centre) seen in Beijing on Thursday. Photo: Weibo/Yuyuan Tantian

China Business

CATL to mass-produce cheaper, efficient sodium-ion EV batteries

Contemporary Amperex Technology’s Gao Huan, chief technology officer for EV business, speaks at CATL Tech Day in Shanghai on April 21, 2025. Photo: AFP

Tech Trends

China’s humanoid robot sector enters mass production in 2025

The mass production of humanoid robots reflects intensifying competition in China’s robotics industry. Photo: Shutterstock

Big Tech

Chinese tech giants race to expand AI services market via open-standard protocol

The open model context protocol enables artificial intelligence agents to connect with third-party online tools, data sources and systems. Photo: Shutterstock

Global Economy

China’s C909 jet expands reach as VietJet Air becomes third operator in region

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The VietJet C909s are operating on the Hanoi-Con Dao Island and Ho Chi Minh City-Con Dao routes. Photo: Comac
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