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South Korea’s central bank announced earlier this week that it would end a 13-year hiatus on gold purchases. Photo: Reuters
Gold in Hong Kong

Gold’s price potential still ‘explosive’ amid Beijing hoarding

Rising demand from central banks to drive a rebound despite temporary downside pressure from energy and interest rates, Goldman Sachs says.

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Commodities

China’s commodities footprint guards against global energy shocks: Goldman Sachs

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Banking & finance

China’s CIPS to become settlement norm in Mongolia within 2 years: Golomt Bank

Electric & new energy vehicles

Rising raw material costs hit Chinese carmakers’ profit margins, price war plans

Net earnings from the sale of a 100,000 yuan car now stand at just 1,500 yuan, according to China Association of Automobile Manufacturers.

Chinese-made MG Cyberster electric vehicles wait to be loaded onto a ship for export at a car yard in Yantai, Shandong province, last month. Photo: AFP
Chinese-made MG Cyberster electric vehicles wait to be loaded onto a ship for export at a car yard in Yantai, Shandong province, last month. Photo: AFP
China’s private sector

Meet Yu Donglai, founder of China’s viral supermarket chain and premier’s guest

Yu’s company has caught the public’s attention for its business practices and high-quality goods.

China’s private sector

What would 200% US tariffs on generic drugs mean for China’s pharmaceutical industry?

Analysts say that China’s pivot from generics to innovative drugs means the industry is less exposed to US levies.

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Commodities

China’s resources deals turn gold mines into – gold mines

Chinese gold producers, after a buying spree for mines abroad, are cashing in as the metal’s price goes sky-high.

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Gold prices remain highly elevated despite a recent sell-off, boosting the earnings of Chinese gold mining firms. Photo: AFP
Gold prices remain highly elevated despite a recent sell-off, boosting the earnings of Chinese gold mining firms. Photo: AFP
China’s private sector

Are diamonds over? Chinese gem lab cashes in as world embraces artificial stones

Lab-grown diamond maker Power Diamond sees profits triple as De Beers warns of ‘protracted’ challenges in natural stone market.

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Energy

Blockbuster earnings: how China’s lithium giants are cashing in on energy race

Soaring profits at Tianqi and Ganfeng highlight how global demand for energy independence is powering China’s lithium edge.

Banking & finance

Hong Kong exchange lures listings from Canada, Indonesia, Kazakhstan

Bourse expected to see influx of international issuers in year’s second half, led by consumer goods and services companies, according to PwC.

National rail operator Kazakhstan Temir Zholy filed for a Hong Kong listing in June 30. Photo: Handout
Gold in Hong Kong

China gold ETFs see record US$2.91 billion outflow in June as risk appetite returns

Global gold market trading volumes averaged a record US$488 billion per day during the first half of the year.

Five-tael (190 gram) gold bars are seen at a jewellery store in Hong Kong in this file photo taken August 11, 2011. Photo: Reuters
Five-tael (190 gram) gold bars are seen at a jewellery store in Hong Kong in this file photo taken August 11, 2011. Photo: Reuters
Banking & finance

China extends gold-buying binge to 20th month in Beijing’s de-dollarisation push

PBOC’s bullion holdings keep rising as forex reserves dip in June to US$3.42 trillion and the central bank seeks security from sanctions and US market volatility.

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Business of climate change

Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fears

China now faces the challenge of persistent refining overcapacity as ongoing electrification slashes fuel demand, CNPC official says.

Gold in Hong Kong

Hong Kong inaugurates trial operation of gold clearing and settlement system

Chief Executive John Lee announces ‘milestone’ for city’s gold trading ecosystem at Hong Kong FIC & Bond Connect Summit.

Gold bars and coins at a precious metals dealership. Photo: DPA
Gold in Hong Kong

Why Hong Kong’s US dollar gold futures trade just hit a record high

The surge comes as the city pushes to become a global bullion trading and storage hub.

Gold bars photographed at The Chinese Gold & Silver Exchange Society’s Chinese New Year opening ceremony in Sheung Wan, Hong Kong, in February 2019. Photo: SCMP/Dickson Lee
Gold bars photographed at The Chinese Gold & Silver Exchange Society’s Chinese New Year opening ceremony in Sheung Wan, Hong Kong, in February 2019. Photo: SCMP/Dickson Lee
Electric & new energy vehicles

Beijing opens lithium futures to foreign traders to cement pricing power over US

Miners, battery makers and traders outside China can now trade lithium carbonate futures and options on the Guangzhou Futures Exchange.

Mandatory Provident Fund (MPF)

Exclusive | All that glitters: Hong Kong pension fund to offer more gold ETFs

MPFA to relax gold ETF investment approval rules as part of Hong Kong government’s push to turn the city into a regional gold trading hub.

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Banking & finance

Major Chinese banks suspend individual gold trading amid global volatility

Risk controls intensify as banks seek to curb leveraged trading despite expectations of resilient long-term gold demand.

Pure gold bars in Shanghai, China on March 15. Photo: CFOTO/Future Publishing via Getty Images
Pure gold bars in Shanghai, China on March 15. Photo: CFOTO/Future Publishing via Getty Images
CATL

China’s CATL bets big on sodium-ion batteries amid lithium volatility

World’s largest maker of EV batteries invests US$742 million to boost output as it introduces its first sodium-based energy-storage system.

Finland

Energy security fears drive global surge in orders for Chinese storage firms

In the first two weeks of June, Contemporary Amperex Technology Co Limited (CATL) bagged a combined 5.4 GWh of storage orders.

Banking & finance

AI boom sparks Kingboard subsidiary’s US$1.5b stake sale to ramp up PCB capacity

AI server backlogs and supply chain strains push Kingboard to tap markets and expand circuit board output.

Kingboard Laminates Holdings is one of the world’s biggest makers of laminate materials used in circuit boards for AI servers. Photo: Shutterstock
Banking & finance

Central banks expand bullion holdings as US dollar’s dominance wavers

World Gold Council states about nine in 10 central banks will increase holdings as de-dollarisation trend continues amid global instability.

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World Gold Council says nine out of 10 central banks will increase their gold holdings as the de-dollarisation trend continues. Photo: CFOTO/Future Publishing via Getty Images
World Gold Council says nine out of 10 central banks will increase their gold holdings as the de-dollarisation trend continues. Photo: CFOTO/Future Publishing via Getty Images
Hong Kong stock market

Chinese metal producer MMG to raise US$1.6 billion selling stocks and bonds

Firm to capitalise on AI-led price spike of critical metals used to create chips, generate electricity and support computing power.

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China’s private sector

Natural diamond firms turn to blockchain traceability amid lab-grown competition

The Gemological Institute of America is set to acquire a stake in Tracr, which has developed a blockchain platform to trace diamond origin.

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Investing

Why gold may rebound 13% this year – and what could hold it back

Metal’s upside rests on central-bank demand and easing oil shock, but higher yields and AI spending may temper recovery, money managers say.

Gold is forecast to climb to between US$4,750 and US$5,500 an ounce by the end of 2026, according to State Street Investment Management. Photo: Reuters
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