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

China’s Pop Mart announces share buy-back worth up to US$740m

Decline in firm’s 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

Electric & new energy vehicles

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

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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.

A trader works on the floor of the New York Stock Exchange, August 7, 2026. Photo: AP
A trader works on the floor of the New York Stock Exchange, August 7, 2026. Photo: AP
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.

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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.

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
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.

Gold bullion bars. Photo: AP
Gold bullion bars. Photo: AP
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.

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
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.

Beijing has encouraged mainland insurers to invest in Hong Kong’s exchange-traded funds. Photo: Sam Tsang
Beijing has encouraged mainland insurers to invest in Hong Kong’s exchange-traded funds. Photo: Sam Tsang
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.

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US-listed Chinese stocks

US billionaires reshuffle Chinese tech stock buys amid AI boom

Investors David Tepper and Stanley Druckenmiller are among those switching up their bets, with Chinese giant Baidu gaining investment from both.

Investor Stanley Druckenmiller arrives at the Allen & Company Sun Valley Conference in Idaho, US, on July 8, 2025. Photo: Getty Images
Investor Stanley Druckenmiller arrives at the Allen & Company Sun Valley Conference in Idaho, US, on July 8, 2025. Photo: Getty Images
China stock market

China’s state funds exit Kweichow Moutai as 25-year profit growth comes to end

Central Huijin Investment and China Securities Finance are not among Kweichow Moutai’s top 10 shareholders as of second quarter.

Electric & new energy vehicles

Geely’s Li Shufu hands over reins to younger generation for ‘healthy’ growth

China’s second-largest carmaker names new chairman and CEO in planned succession, as profit drops despite record revenue and export surge.

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Hong Kong

China’s pharma contractors rally on pushback to US supply chain pressure

Genscript posted adjusted net profit of US$62.52 million for the six months ended June 30, a 203 per cent year-on-year surge.

Greater collaboration between Chinese biotech firms and multinational giants is expected to support growth this year. Photo: Shutterstock
China consumption

China’s economy cools amid debate about risks of global crisis

July data adds to signs of slowdown in China’s economy, while an ex-US trade representative argues that the nation’s over-reliance on exports poses global risks.

Photo: CN-STR/AFP
Photo: CN-STR/AFP
China stock market

Chinese hedge funds rotate out of Nvidia and US hyperscalers in AI trade

China’s top-ranked hedge fund managers change tactics to ride the changing wave of overseas investments and market dynamics.

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SCMP Highlights

China embraces ‘Grandpa Cute’; Southeast Asia’s monarchies: 5 weekend reads

From Chinese billionaire buying a Shanghai hotel to Southeast Asia’s monarchies, here are five stories you may have missed over the weekend.

Electric & new energy vehicles

Musk’s headaches: meet China’s corporate matrix challenging his empire

From Tesla to SpaceX, Starlink and Neuralink, Chinese companies are giving – or trying to give – Elon Musk’s firms a run for their money.

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Elon Musk, CEO of Tesla and SpaceX, attends a conference in Paris on June 16, 2023. Photo: Reuters
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