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Citigroup’s global CEO Jane Fraser poses for a photo at Citibank’s Hong Kong office in Central on June 24. Photo: May Tse
Banking & finance

Exclusive | Why Citigroup CEO Jane Fraser left Beijing feeling optimistic

Leader of US$239 billion company discusses yuan internationalisation, Hong Kong’s fintech leadership, and US-China economic stabilisation.

Electric & new energy vehicles

China’s BYD surpasses Tesla to regain lead in global EV race

Banking & finance

Hong Kong broadens yuan’s financial footprint as currency gains global appeal

Hong Kong stock market

Mainland investors buy more Hong Kong shares, favour SMIC, Zhipu AI

Onshore investors resoundingly reverse previous month’s outflow with US$3.5 billion in buying, led by AI-related shares.

The logo of Chinese artificial intelligence company Zhipu AI is seen at its headquarters in Beijing on June 25. Photo: Reuters
The logo of Chinese artificial intelligence company Zhipu AI is seen at its headquarters in Beijing on June 25. Photo: Reuters
Banking & finance

China’s Goldman Sachs dream: mainland banks ride Hong Kong’s IPO wave

Chinese investment banks are challenging global rivals after earning billions of dollars in the first half of the year.

Banking & finance

‘Big Short’ 2.0? US hedge fund manager warns of a global AI bubble

China’s AI stocks entered the second half of 2026 with improving earnings momentum, but scepticism about the sector is increasing.

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China consumption

Big name sportswear brands in China held scoreless at the World Cup

Sales are declining despite the World Cup because international and domestic brands face weak consumer demand amid economic concerns.

Shoppers walk by an Adidas sportswear store promoting the World Cup in Beijing on June 21, 2026. Photo: AP
Shoppers walk by an Adidas sportswear store promoting the World Cup in Beijing on June 21, 2026. Photo: AP
China’s private sector

China AI drug-design deals swell as US scrutiny mounts

Global pharmaceutical firms are tapping into Chinese artificial intelligence assets before patents expire on blockbuster drugs, advancing AI-driven biotech.

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Banking & finance

Hong Kong assets hit record US$5.38 trillion on renewed China appetite: SFC

Net fund inflows soared nearly 200 per cent, supported by a tech-led stock rally and a 30 per cent rise in capital allocated to the mainland.

Electric & new energy vehicles

New technologies power China’s Tesla challengers to monthly sales records

Bucking muted market sentiment, Leapmotor and Zeekr both set records for a second consecutive month.

A Leapmotor Lafa 5 Ultra on display at the Beijing Auto Show in April. Photo: AFP
E-commerce

Temu owner PDD embraces China’s ‘city of the future’ after regulatory debacle

Operator of big-name budget marketplaces Pinduoduo and Temu is buying an office and adding 5,000 jobs in the hyped-up Xiongan New Area.

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PDD, which operates budget marketplace Pinduoduo, is raising its profile in China’s Xiongan New Area. Photo: Shutterstock
PDD, which operates budget marketplace Pinduoduo, is raising its profile in China’s Xiongan New Area. Photo: Shutterstock
Hong Kong stock market

China’s tax crackdown: A-share and Hong Kong-listed firms hit hard

Beijing’s anti-tax evasion campaign could expand, raising concerns that corporate earnings, cash flows and investor sentiment may be at risk.

Hong Kong stock market

Can Hong Kong absorb a US$100 billion share flood amid the global AI boom?

A surge in shares becoming eligible for trading comes as investors pour into AI-linked stocks in rival markets.

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Hong Kong stock market

Hong Kong stocks tumble amid first-half global rally

Investors in Hong Kong have missed out on an AI chip boom, while also suffering amid concerns about China’s economy.

Hong Kong investors missed out on the global AI stock frenzy. Photo: EPA
Electric & new energy vehicles

Will slowing car sales in China reignite brutal price war in crowded market?

Global consultancy AlixPartners delivers most bearish forecast for Chinese carmakers’ fortunes this year.

People check out BYD electric cars in Yantai, Shandong province, in April last year. Photo:
People check out BYD electric cars in Yantai, Shandong province, in April last year. Photo:
Robotics

UBTech launches lifelike humanoid robots built for companionship in China

The unveiling of model U1, which has silicone skin and emotional AI, reflects tech firms’ drive to expand robotics beyond industrial use.

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China’s private sector

Race to the bottom? Why retailers bet on their own brands in China

Analysts forecast in-house goods to rise sharply as Chinese retailers seek loyalty and offset lost supplier-funded fees.

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Millionaires, billionaires and trillionaires

China’s millionaire growth lags the global average. Is the wealth boom over?

Global personal wealth rose at its fastest pace in nearly a decade last year, though China saw only modest gains, according to a new report.

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Residential buildings in Beijing on September 15, 2025. China’s property sector, once accounting for roughly a quarter of the economy, has remained sluggish since late 2020, eroding household wealth. Photo: EPA
Residential buildings in Beijing on September 15, 2025. China’s property sector, once accounting for roughly a quarter of the economy, has remained sluggish since late 2020, eroding household wealth. Photo: EPA
Hong Kong stock market

Hong Kong shares drop 11% in first half on Fed pivot, lack of AI play

City’s exchange ranks among world’s worst performers as IPOs vacuum up capital and lock-up releases loom.

Electric & new energy vehicles

Price war fallout: China imposes 60-day payment cap for energy storage sector

China enforces stricter payment rules for EV and energy storage batteries in a bid to curb disorder and build a resilient supply chain.

Electric & new energy vehicles

Chinese EV makers gain traction in South Korea’s import car market

While not a high-volume market, success in South Korea helps ‘prove the quality and competitiveness’ of Chinese EVs, analyst says.

Chinese-made vehicles overtook Japanese brands in Korea’s import market for the first time in April. Photo: Shutterstock Images
China’s private sector

Hong Kong draws royalties giant as mainland China biotech licensing heats up

Royalty financing offers new cash source as global investors pursue Chinese drug breakthroughs despite US pressure, Royalty Pharma says.

Royalty Pharma is scouting the Asia-Pacific region for innovative biotechnology start-ups with late-stage pharmaceutical pipelines. Photo: Shutterstock
Royalty Pharma is scouting the Asia-Pacific region for innovative biotechnology start-ups with late-stage pharmaceutical pipelines. Photo: Shutterstock
Banking & finance

Shanghai needed as finance hub, as Hong Kong ‘not enough’: proposal

Mainland hub is needed to ‘fully meet the special needs’ of Chinese firms expanding abroad, institute leader says in closed-door meeting.

Hong Kong

Will Fosun’s luxury project revive Hong Kong’s Movietown magic?

Fosun Group begins HK$10 billion transformation of legendary studio, signalling confidence in Hong Kong’s property recovery.

China consumption

Pandora, Swarovski shrink China footprint amid shifting consumer preferences

In the first quarter, China’s gold consumption reached 303.3 metric tons, up 4.4 per cent year on year.

This 2019 file photo shows a Swarovski store in a commercial district in Beijing, at a time when it had 400 stores on the mainland. Photo: EPA-EFE
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