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Technicians work at a Geely Auto plant in Zhejiang province. Photo: Getty Images
Electric & new energy vehicles

After gaining EV sway, Chinese carmakers eye full hybrid market

Chinese EV leaders are pushing into full-hybrid tech to challenge industry titans on mainland and abroad.

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US-China tech war

As talent tug of war rages, who are China’s most generous tech employers?

Electric & new energy vehicles

Parts shortage piles pressure on Chinese carmakers racing to boost intelligence

Electric & new energy vehicles

Tesla forced to recall record 3 million cars in China over door-handle issue

Xiaomi, a domestic rival to Tesla, is also recalling 400,000 vehicles, as China moves to ban retractable door handles over safety concerns.

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A staff member cleans an electric car inside a Tesla store in Beijing. Photo: Reuters
A staff member cleans an electric car inside a Tesla store in Beijing. Photo: Reuters
Alibaba

What’s next for Alibaba as US$56 billion AI spending plan hits halfway mark?

Aggressive spending strains cash, but Alibaba’s AI cloud growth points to strong long-term returns, analysts say.

Gold in Hong Kong

HKEX gold futures smash delivery record as US sanctions reshape trade

The milestone more than doubles the previous peak recorded in 2018.

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China stock market

Evergrande’s fine, China cuts US Treasury holdings: the numbers moving markets

CXMT’s valuation, Unitree’s listing surge and retirement expectations for Hong Kong’s wealthy are among stories leading this week’s market numbers.

Hui Ka-yan, the founder of China’s Evergrande Group, in court in Shenzhen on Thursday. Photo: Reuters
Hui Ka-yan, the founder of China’s Evergrande Group, in court in Shenzhen on Thursday. Photo: Reuters
Wealth management

Guotai Haitong unit handed US$7.8m penalty over QDII breaches

The violations involved several QDII products offered between 2019 and 2022, which have ‘since been rectified’, Guotai Haitong said.

Hong Kong stock market

Hang Seng Index adds major Chinese chipmaker as tech pivot continues

Hong Kong’s bellwether stock index has added two new companies including contract chipmaker Hua Hong Grace Semiconductor.

Hong Kong stock market

China’s Pop Mart warns of looming headwinds, unveils buy-back plan

Decline in sales growth will be ‘difficult to reverse’ without a new product format or powerful celebrity endorsement, analyst says.

People pass by a giant figure of the Pop Mart character Space Molly in Beijing’s Shougang Park on August 7. Photo: Reuters
Insurance

Chinese insurer Ping An’s profit rises 36% on policy sales, investments

Earnings beat analysts’ estimates, with performance mainly driven by increase of new life policies and investment gains.

A logo of Ping An is seen outside a building in Shenzhen. Photo: Reuters
A logo of Ping An is seen outside a building in Shenzhen. Photo: Reuters
Electric & new energy vehicles

Growth driver: Hesai bets on lidar boom amid surge of smart cars in China

World’s largest maker of lidar sensors signals ambitions beyond the supply chain, repositioning itself as a top tech firm.

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Hong Kong stock market

US Treasuries in driver’s seat as Asian investors grapple with elevated yields

Fears of a debt issuance glut swept across the US bond market this week, driving the 30-year yield to a nearly two-decade high.

China Evergrande Group

Saga of China Evergrande founder Hui Ka-yan ends with life sentence

Sentence for ‘multiple combined crimes’ in Shenzhen court signals end of property sector’s ‘old‑era growth model’, analyst says.

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A court in Shenzhen has sentenced China Evergrande Group founder Hui Ka-yan to life imprisonment for “multiple combined crimes”, confiscating all Hui’s personal property. Photo: CCTV
IPO

‘IPO queen’ Pamela Chung says time is ripe for listing connect scheme

Scheme introduction would allow mainland Chinese investors access to the city’s IPOs and boost investor capital, Vistra managing director says.

Pamela Chung Kong-hung at her office in Causeway Bay on August 11. Photo: Jonathan Wong
Pamela Chung Kong-hung at her office in Causeway Bay on August 11. Photo: Jonathan Wong
Robotics

Better robots depend on better data, Chinese firm 51World says

New devices and platforms to obtain real-world data for embodied AI can break the biggest hurdle to creating more capable robots, CEO says.

Wealth management

Goldman Sachs upbeat on wealth outlook despite worries over China’s tax scrutiny

Robust fee growth tipped for Hong Kong, Singapore banks as mainland Chinese clients’ offshore allocations driven by diversification: report.

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Macau

Beyond the casino: Macau bets on modern finance, fintech in new five-year plan

Road map targets 60 per cent non-gaming share of GDP by 2030 through infrastructure, healthcare, hi-tech industries and closer mainland links.

The Macau Tower overlooking the Hengqin area in Zhuhai, Guangdong province. Photo: Xinhua
The Macau Tower overlooking the Hengqin area in Zhuhai, Guangdong province. Photo: Xinhua
Electric & new energy vehicles

Chinese robotaxi firms see reduced red tape in Europe as deployment picks up

Europe embraces self-driving technology, opening up further opportunities for Chinese companies to expand overseas fleet, says Pony AI CEO.

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Banking & finance

Hong Kong taps tech strength in joint venture to power gold settlement

Alibaba Cloud among partners chosen to create a platform for Hong Kong’s gold clearing and settlement system next year.

China stock market

China’s uneven economic recovery to drive investors back to AI stocks: analysts

The Star Market 50 index of mostly chipmakers rebounded 9 per cent in August, recouping some of the 26 per cent slump in the previous month.

A large outdoor screen in Shanghai shows the latest stock exchange and economic data, May 6, 2026. Photo: EPA
Hong Kong stock market

Hong Kong tech stocks fall as US bond rout, Iran war deadlock dent sentiment

Tech stocks sink as US bonds sell off on supply jitters, while China’s debt market diverges on sluggish data, spurring easing hopes.

Hong Kong Exchanges and Clearing Limited in Central. Photo: Jonathan Wong
Hong Kong Exchanges and Clearing Limited in Central. Photo: Jonathan Wong
Electric & new energy vehicles

Xiaomi ‘in no rush’ to turn vast AI spending into profits despite earnings slump

The Chinese tech firm has seen its net profits decline for three consecutive quarters, as it rapidly ramps up AI-related R&D spending.

Banking & finance

Beijing urges mainland insurers to invest in Hong Kong-listed ETFs

Hong Kong’s status as global financial centre receives a boost as China’s financial regulator touts city’s exchange-traded funds.

Bonds

Dim sum bond boom: record State Grid deal fuels Hong Kong offshore yuan surge

Lower yuan borrowing costs and longer maturities lure issuers, marking a fresh phase in the city’s expanding offshore market.

Nearly 500 billion yuan of offshore yuan bonds were sold in the first seven months of the year, according to Bank of China. Photo: AFP
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