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A Leapmotor electric vehicle is seen on display at the Essen Motor Show in Germany on December 3, 2025. Photo: AFP
Electric & new energy vehicles

China’s oldest carmaker FAW buys US$534 million stake in EV assembler Leapmotor

‘Leapmotor aims to achieve annual deliveries of 4 million units a year in 10 years’ time,’ founder and CEO Zhu Jiangming says.

Hong Kong

Hong Kong home prices rise for sixth month, setting stage for 2026 rebound

Accounting and auditing

Hong Kong accounting firms plan hiring spree and embrace AI to attract talent

Hong Kong stock market

Xiaomi dips on co-founder’s US$2 billion share sale plan

Co-founder and vice-chairman Lin Bin plans to offload no more than US$500 million in any 12-month period starting in December 2026.

Customers try Xiaomi 17 series smartphones at a Xiaomi store in Nanjing, in eastern China’s Jiangsu province, on September 27, 2025. Photo: VCG via Getty Images
Customers try Xiaomi 17 series smartphones at a Xiaomi store in Nanjing, in eastern China’s Jiangsu province, on September 27, 2025. Photo: VCG via Getty Images
Banking & finance

Hong Kong bond markets, yuan issuance to expand in 2026 under HKMA, SFC road map

HKMA and SFC blueprint to drive multicurrency issuance, with green finance and Bond Connect widening investor base.

Hong Kong property

Hong Kong primary home sales to see decade high as small flats perk up market

Attractive discounts, easing mortgage costs and policy support drive the market’s shift towards flats that cost below US$1.3 million.

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Greater Bay Area

Greater Bay Area assets poised to lead surge in China’s expanding C-REIT market

By the end of last month, China had nearly 80 C-REITs, raising a total of over US$28.3 billion, according to Cushman & Wakefield.

A view of skyscrapers from a pedestrian bridge in Shenzhen, the southern tech hub in Guangdong province. Photo: Xinhua
A view of skyscrapers from a pedestrian bridge in Shenzhen, the southern tech hub in Guangdong province. Photo: Xinhua
Fintech

Why Hong Kong is emerging as the world’s AI crossroads between East and West

Hong Kong’s AI sector comprises 500 organisations, 290 companies and 183 investors active in finance, healthcare and government services.

Gold in Hong Kong

Golden era: prices surge as rally on track for US$5,000 in 2026, analysts say

Rate cuts, geopolitical tensions and central banks’ buying spree push gold prices up by 72 per cent in 2025 – the biggest annual jump ever.

China property

China Jinmao sells 5-star Ritz-Carlton hotel in Sanya for US$322 million

Asset restructuring aims to boost liquidity as mainland China developers face a prolonged property downturn.

Ritz-Carlton Sanya Yalong Bay has demonstrated mature and stable operations with favourable profitability and cash flow, says China Jinmao. Photo: Keith Chan
Swire Group

Swire Pacific’s Guy Bradley to lead Hong Kong’s Cathay Pacific, Swire Coca-Cola

Bradley succeeds Patrick Healy, who will retire from the Swire Group in May next year after over three decades of service.

Swire Pacific chairman Guy Bradley. Photo: Jonathan Wong
Swire Pacific chairman Guy Bradley. Photo: Jonathan Wong
Banking & finance

Billionaire detained in shadow banking scandal in China

Police in Zhejiang have imposed ‘criminal compulsory measures’ against Yu Faxiang and are conducting a probe into his alleged wrongdoings.

Banking & finance

HKIC ends year on high note but Hong Kong cost of living a drawback for talent

Government-backed fund strengthens VC ecosystem and fosters collaboration, but the city’s high cost of living remains a challenge.

Banking & finance

Global firms turn to M&A in EVs and biotech to deepen China investment: KPMG

Survey of multinational corporations finds optimism in life sciences, healthcare and manufacturing, with half forecasting revenue growth.

Healthcare and life sciences are the top growth prospects over the next three to five years, according to multinational corporations. Photo: Xinhua
Banking & finance

Exclusive | Old lender, new twist: Shanghai Commercial Bank teams up with HashKey on card

The 75-year-old lender will work with the newly listed digital asset exchange to issue a co-branded Visa card for HashKey traders.

Shanghai Commercial Bank CEO Wallace Lam. Photo: Jonathan Wong
Shanghai Commercial Bank CEO Wallace Lam. Photo: Jonathan Wong
Hong Kong stock market

Hong Kong world’s No 1 IPO venue as fundraising crosses US$35 billion: HKEX

Four companies that raised funds in Hong Kong, including CATL, featured in the world’s top 10 IPOs this year.

Banking & finance

Gold takes centre stage as Hong Kong builds commodities ecosystem

Hong Kong plans to build an international gold trading centre as part of a wider commodities hub push.

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IPO

Charles Li halts Hong Kong IPO plan for Micro Connect fund under HKEX Chapter 21

Former HKEX chief shifts to private fund model after regime fails to see a successful listing in a decade, raising call for a review.

Charles Li says he will operate MCIF as a private fund and raise capital from the private sector. Photo: Jonathan Wong
Charles Li says he will operate MCIF as a private fund and raise capital from the private sector. Photo: Jonathan Wong
IPO

Chinese GPU maker Biren kicks off bookbuilding for US$624 million Hong Kong IPO

The company, which is selling 247.7 million shares between HK$17 and HK$19.60 each, will become the first listing of 2026 on January 2.

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Banking & finance

Chinese AI, chip start-ups court global investors with Hong Kong listing plans

GigaDevice and Montage are each aiming to raise as much as US$1 billion from Hong Kong listings as early as January, report says.

Hong Kong stock market

Hong Kong stocks cap longest win streak in 3 weeks as US inflation cools

Soft US inflation data strengthens the case for monetary easing as the Hang Seng Index gains for a third day.

General view of the Exchange Square in Central. Photo: Jelly Tse
Hong Kong property

Qube takes six floors at Two IFC as falling rents lure financial giants

Qube’s expansion mirrors a broader trend among financial firms taking advantage of softer rents to move into higher-grade offices.

A rainbow is seen behind the International Finance Centre (IFC) in Central, with the Hong Kong Convention and Exhibition Centre in the foreground, July 1, 2025. Photo: Nora Tam
A rainbow is seen behind the International Finance Centre (IFC) in Central, with the Hong Kong Convention and Exhibition Centre in the foreground, July 1, 2025. Photo: Nora Tam
HKEX

HKEX proposes slashing board lot variations to boost liquidity

The moves will remove the entry barrier for retail investors and prepare the city’s exchange for a single board lot unit structure.

Mergers & Acquisitions

Chinese brokerage CICC unveils merger details with Dongxing, Cinda

The three-way merger will create China’s fourth-largest investment bank with assets of US$128 billion.

IPO

Holiday rush: Hong Kong IPO market sparkles with busiest December in years

From biotech to AI, December’s listings – including at least 15 down the stretch – crown the city’s revival in equity fundraising.

Insilico Medicine says its listing could raise up to HK$2.3 billion. Photo: Shutterstock
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