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China is pushing to accelerate novel drug reviews. Photo: Shutterstock
China’s private sector

‘Historic breakthrough’: China approves novel drug ahead of US, Japan and Europe

Push to accelerate novel drug reviews promises earlier access to breakthrough therapies for patients long left waiting.

Hong Kong stock market

Zhongji Innolight already has 30 cornerstone investors for US$8b IPO: sources

Banking & finance

Healthcare IPO wave: US biotech firm picks Hong Kong over Nasdaq for listing

Chinese offshore investment

Beijing targets offshore tax dodging, intensifying cross-border capital scrutiny

Major financial outlets blast offshore shell structures after case involving the Hong Kong entity of a mainland social media platform.

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A mobile screen shows the Momo dating app, operated by Hello Group, which was required to pay hundreds of millions of yuan in back taxes this year. Photo: Simon Song
A mobile screen shows the Momo dating app, operated by Hello Group, which was required to pay hundreds of millions of yuan in back taxes this year. Photo: Simon Song
China’s private sector

Fifa effect: Hong Kong developers bet on sport fever to keep shoppers spending

Neighbourhood malls to host year-round events encouraging consumers to open their wallets after World Cup mania delivers double-digit gains.

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Electric & new energy vehicles

As BYD marks Brazil milestone, Europe weighs response to surge in Chinese EVs

BYD hits 100,000 EVs in South American country, but calls grow in Europe for higher tariffs on Chinese products to shield local industry.

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China property

Tech-driven surge: new wealth fuels luxury housing boom in China’s AI stronghold

Landmark deals push Hangzhou’s luxury homes to fresh highs, powered by the country’s newly rich from start-ups and finance.

Buyers cleared all 66 units in Wangtianji’s first phase as soon as sales opened on July 16. Photo: Handout
Buyers cleared all 66 units in Wangtianji’s first phase as soon as sales opened on July 16. Photo: Handout
China’s private sector

‘Systemic leap’: China’s drug innovation push yields bumper crop

Home-grown therapies account for 80 per cent of approvals in first six months of the year.

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China property

Ikea’s China remodelling: parent firm to sell 8 former retail sites

Sales follow store closures as Swedish furniture retailer focuses on online channels amid sluggish property market, consumer spending.

China’s private sector

China to conclude Trip.com antitrust probes as soon as this week, sources say

Market regulator expected to close investigation into top online travel service provider, with potential fines running into billions of yuan.

Trip.com is expected to face fines of up to 6 billion yuan. Photo: Shutterstock
ETFs

What MPF’s 4.8m members could gain if rules are eased for Hong Kong-listed ETFs

Relaxing rules to widen ETF access will deliver stable returns at low cost while boosting local markets, chamber says.

The MPFA is being urged to consider following the Australian pension model, which allows members to directly invest part of their pension money in assets of their choice and not just designated MPF funds. Photo: Jelly Tse
The MPFA is being urged to consider following the Australian pension model, which allows members to directly invest part of their pension money in assets of their choice and not just designated MPF funds. Photo: Jelly Tse
China’s private sector

To survive China’s cost-conscious market, global brands embrace AI and robots

From L’Oréal to Coca-Cola, major multinationals are embedding cutting-edge technologies into operations to compete with local rivals.

China stock market

Open Questions | Citic Capital’s Zhang Yichen on the ABCs of China’s markets: IPOs, M&As and AI

The CEO discusses China’s evolving capital markets and why multinationals are turning to local partners amid shifting geopolitical dynamics.

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Hong Kong property

Hong Kong’s property market outlook cools amid capital outflow crackdown

Secondary residential market faces uncertainty following a strong first half, as Beijing’s capital outflow crackdown cools sentiment.

A pedestrian walks past a property agency in Quarry Bay as Hong Kong home prices rise for the 11th straight month on May 27, 2026. Photo: Karma Lo
Family offices

Wealthy European clients eye Hong Kong for family offices, says BNP Paribas

France’s largest bank reports a surge in two-way wealth flows through Hong Kong, as affluent mainland investors also leverage the city to acquire European assets.

BNP Paribas’ head of wealth management in Hong Kong, Lemuel Lee. Photo: SCMP/Jonathan Wong
BNP Paribas’ head of wealth management in Hong Kong, Lemuel Lee. Photo: SCMP/Jonathan Wong
Hong Kong property

Hong Kong homebuyers snap up 138 Garden Regency flats in New Territories

Top developer clears all units in weekend launch after offering a maximum 16 per cent discount.

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China consumption

Under pressure: China’s yoga apparel market slows as consumers diversify hobbies

Growth has slowed in the market for yoga workout gear as Chinese consumers pivot to other brands and activities.

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Electric & new energy vehicles

China’s Xpeng plants a flag in Germany’s auto heartland with Mona L03 launch

The Chinese electric car brand debuted its new SUV at a splashy ceremony in Munich, as it announced its intention to ‘put down roots in Europe’.

The Xpeng L03 is displayed at a launch event for the new SUV in Munich, Germany. Photo: Reuters
The Xpeng L03 is displayed at a launch event for the new SUV in Munich, Germany. Photo: Reuters
China airliners

Taking flight: Airbus secures a big order from Chinese airlines

Air China says it will purchase 15 widebody A350-900 jets, while subsidiary Shenzhen Airlines will buy 40 narrowbody A320neo aircraft.

IPO

Shein clears Hong Kong IPO hurdle as valuation halves to below US$50b: sources

Regulatory headwinds, alongside prolonged IPO delays, have severely dented the unicorn’s valuation.

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
Banking & finance

Open Questions | Citic Capital CEO on making China a financial powerhouse

Ex-Wall Streeter Zhang Yichen on attracting capital to China, building up its bond market and helping foreign firms better serve Chinese consumers.

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Illustration: Henry Wong
Illustration: Henry Wong
IPO

Hong Kong exchange returns IPO application sponsored by CICC

Inner Mongolia Xingye Silver & Tin Mining says it plans to resubmit application before end of September.

Electric & new energy vehicles

Race against Tesla: China’s Xpeng eyes 2027 global launch for viral Iron robot

CEO He Xiaopeng projects the firm will sell 1 million robots by 2030 after ramping up mass production.

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Artificial intelligence

On-device models steal the spotlight as China’s edge AI sector heats up

A growing number of tech firms are pivoting to lightweight models designed to run entirely on smartphones and laptops.

On-device models promise faster processing, enhanced data privacy and lower operating costs, according to proponents. Photo: Shutterstock
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