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China economy
Tech companies are caitalising on a bull market to roll out aggressive incentive plans to retain talent. Photo: Shutterstock
US-China tech war

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

Companies are rolling out an unprecedented wave of stock grants amid fierce domestic headhunting and an intensifying US-China tech race.

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

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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.

The Alibaba cloud unit’s growth has not yet peaked, according to analysts. Photo: Shutterstock
The Alibaba cloud unit’s growth has not yet peaked, according to analysts. Photo: Shutterstock
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.

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.

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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.

Beijing is tightening its scrutiny of capital flows. Photo: Shutterstock Images
Beijing is tightening its scrutiny of capital flows. Photo: Shutterstock Images
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.

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
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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Smart cars use data from lidar sensors to build highly accurate maps of their surroundings. Photo: Getty Images
Smart cars use data from lidar sensors to build highly accurate maps of their surroundings. Photo: Getty Images
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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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
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.

Li Yi, founder and CEO of 51World, speaks during a briefing in Shenzhen on Tuesday. Photo: YouTube/ @51world
Li Yi, founder and CEO of 51World, speaks during a briefing in Shenzhen on Tuesday. Photo: YouTube/ @51world
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.

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.

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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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A Pony AI robotaxi on an exhibition stand during the 2026 Auto China show in Beijing. Photo: dpa
A Pony AI robotaxi on an exhibition stand during the 2026 Auto China show in Beijing. Photo: dpa
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.

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
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.

Xiaomi unveiled the SkyNomad in July. Photo: AFP
Xiaomi unveiled the SkyNomad in July. Photo: AFP
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.

Banking & finance

Margins rise for China’s commercial banks, but will weak lending undo the gains?

A rare uptick in margins lifted Chinese lenders in the second quarter, but falling loan demand and policy constraints loom large.

A woman walks past a row of buildings in Beijing’s central business district on July 31. Photo: EPA
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