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China economy
Hong Kong regulators are exploring the use of more autonomous AI agents across some services. Photo: Shutterstock
Banking & finance

Hong Kong expands AI sandbox with new projects spanning dozens of partners

Regulators select 36 use cases involving dozens of financial institutions and tech partners to test AI use in onboarding, payments, claims and customer service.

Hong Kong stock market

Dovish or Hawkish? Markets await Warsh’s Jackson Hole debut for policy clues

Hong Kong stock market

China’s Akeso says cancer drug beat AstraZeneca’s Imfinzi in phase 3 trial

IPO

China’s robotics IPO wave gains steam as 2 more firms eye Hong Kong listings

The two start-ups plan to launch IPOs as early as next year, as Hong Kong becomes a key launch pad for China’s rapidly scaling robotics industry.

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Infiforce Technology Group is one of several Chinese robotics start-ups pursuing a Hong Kong initial public offering. Photo: Handout
Infiforce Technology Group is one of several Chinese robotics start-ups pursuing a Hong Kong initial public offering. Photo: Handout
China energy security

China’s CNOOC rakes in record first-half profit on high oil prices amid Iran war

China’s largest offshore oil and gas producer saw net profits jump over 23 per cent in the first half amid turbulence in the Middle East.

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Accounting and auditing

PwC International must face trial of Evergrande scandals claims: Hong Kong court

Liquidators seek claims of about 38 billion yuan from PwC International for Evergrande audit failures.

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China consumption

Takeaway boom, new brands make up winning mix for Chinese hotpot chain Haidilao

Takeaway emerges as Haidilao’s fastest-growing segment as it diversifies its formats, expands into lower-tier markets despite a soft economy.

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Haidilao’s upbeat results come against a weak macroeconomic backdrop and fierce competition in China’s catering sector. Photo: Shutterstock
Haidilao’s upbeat results come against a weak macroeconomic backdrop and fierce competition in China’s catering sector. Photo: Shutterstock
Hong Kong stock market

Amos Food hungry for Hong Kong capital to expand global sweets empire

The confectionery firm’s Peelerz gummies have become a viral sensation on TikTok. Now, it aims to raise funds to expand its overseas presence.

China stock market

China dividend stocks back in vogue as AI trade fizzles out and bond yields fall

Shanghai bourse dividend index shows growth of 4.1 per cent for energy, banking and transport industry stocks, beating AI’s 0.2 per cent loss.

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DeepSeek

DeepSeek targets 2027 listing as pre-IPO funding nears close: sources

Landmark round to lift Chinese start-up’s valuation to US$74 billion and set the stage for a Shanghai Star Market listing, sources say.

The DeepSeek logo on a wall in Hangzhou, eastern China's Zhejiang province. Photo: Getty Images
2026 Xi-Trump summits

US sanctions Chinese firms trading with Iran

Trump administration seeks to stop companies in China and elsewhere conducting business with Iran.

Photo: Reuters
Photo: Reuters
Hong Kong stock market

China rushes to develop Moderna-style cancer vaccines amid market frenzy

Chinese biotech firms are already working on more than 100 cancer vaccines. Now, many are seeing their shares surge amid Moderna’s breakthrough.

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Financial crime

As Beijing targets cross-border corruption, Hong Kong markets brace for impact

For decades, Hong Kong has drawn affluent Chinese wanting to build up their wealth through stock listings or asset acquisitions.

Wuxi Biologics

WuXi Biologics posts 4.3% rise in first-half profit, defying biotech headwinds

Higher gross margins, surging projects and continued demand from North American markets help power the drug developer’s strong first-half performance.

Wuxi Biologics is a pharmaceutical research and services company based in Wuxi, Jiangsu province, China. Photo: Shutterstock
China’s private sector

As bubble tea craze cools in China, can full equity buyouts revive growth?

Bain Capital’s acquisition of Gong Cha may signal a shift in bubble tea investment strategy, as sector slows after years of rapid expansion.

Gong Cha operates almost 2,200 stores in 33 markets worldwide. Photo: Nora Tam
Gong Cha operates almost 2,200 stores in 33 markets worldwide. Photo: Nora Tam
Electric & new energy vehicles

China’s new traffic safety law set to clarify liability for fully automated cars

Lawmakers are set to establish clear liability standards for self-driving cars, a move that could open the floodgates for next-gen vehicles.

Medicine

Overseas licensing has helped fuel China’s biotech profits. Will it last?

Out-licensing deals have overtaken IPOs as the primary lifeline for cash-starved Chinese drug makers, analysts say.

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Yuan

How a China gold vault network could promote the yuan’s international reach

By anchoring yuan trades to gold through Hong Kong and new global vaults, Beijing will add convertibility to its currency, report says.

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As of the end of July, China’s gold reserves stood at 76.08 million ounces, marking the 21st consecutive month of accumulation. Photo: dpa
As of the end of July, China’s gold reserves stood at 76.08 million ounces, marking the 21st consecutive month of accumulation. Photo: dpa
US Federal Reserve

US Treasury bond buy-back reinforces gold debasement trade ahead of Jackson Hole

Treasury buy-backs bolster gold’s rally as investors await US Federal Reserve’s annual meeting at Jackson Hole.

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Electric & new energy vehicles

Xpeng lands US$900m in funding for humanoid AI push despite wider quarterly loss

Backers including Alibaba, Tencent and IDG put up a combined US$600 million while Xpeng itself pledges US$200 million.

Wealth management

Hang Seng Bank grows wealth network despite Beijing’s tighter capital scrutiny

Hong Kong lender says it is expanding its workforce to capture rising demand from high-net-worth clients.

Pedestrians walk past a Hang Seng Bank branch in the Central district of Hong Kong. Photo: Jelly Tse
China consumption

Louis Vuitton trims China presence amid fallout from trademark dispute

The latest China store exit in Guiyang highlights the luxury brand’s struggle to balance prestige with cultural empathy amid legal disputes.

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People walk next to a Louis Vuitton shop in Shanghai. Photo: AFP
People walk next to a Louis Vuitton shop in Shanghai. Photo: AFP
CATL

CATL debuts e-commerce hub for direct sales to small buyers as rivalry sharpens

The platform allows for direct online sales to smaller energy storage buyers.

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Semiconductors

China’s next mega chip listing could break CXMT’s market records

IPO funds to fuel YMTC parent CCSH’s expansion, with nearly US$5 billion set aside to boost chipmaking capacity and accelerate R&D.

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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Technicians work at a Geely Auto plant in Zhejiang province. Photo: Getty Images
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