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Hungary’s biggest lender, OTP Bank, has given a vote of confidence to Hong Kong as European banks seek alternative options amid geopolitical tension, rising financing costs and increasingly unstable global energy supplies. Photo: handout
Banking & finance

Looking East: Europe’s banks look to Hong Kong amid global uncertainty

European banks, facing rising costs and energy instability, are turning to Hong Kong for funding, with Hungary’s OTP Bank leading the shift.

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Electric & new energy vehicles

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

Electric & new energy vehicles

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

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
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.

IPO

Chinese self-driving firm Momenta eyes US$750m in Hong Kong IPO

Second ‘red-chip’ approved by Beijing for a Hong Kong listing this year aims to invest proceeds in research and development, robotaxi push.

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China’s private sector

China’s first AI-powered cancer vaccine production line set to launch in Beijing

Likang Life Sciences says it has developed a personalised vaccine using advanced tech to identify tumour-specific mutations.

The project reflects a global shift in the pharmaceutical sector towards harnessing artificial intelligence. Photo: Shutterstock
The project reflects a global shift in the pharmaceutical sector towards harnessing artificial intelligence. Photo: Shutterstock
China property

Will China’s new tech bases in Hebei and Tianjin revive local housing demand?

The new headquarters may boost rentals, but local home sales growth is likely to be far milder than surges in previous years, analysts say.

Artificial intelligence

Faster AI, lower costs: DSpark eases bottlenecks and chip strain, says DeepSeek

Start-up unveils speculative decoding framework that speeds up inference by up to 85 per cent amid China’s push to overcome US AI curbs.

Electric & new energy vehicles

China’s heavy trucks are going electric, and abroad, paving the road to net-zero freight

Analysts say low ownership costs and battery gains are fuelling an export boom to regions such as Southeast Asia and Africa, positioning Chinese firms as main engines.

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An electric truck charges at a supercharging station in China’s Hubei province. Photo: Getty Images
China consumption

Will K-pop give South Korean retailers an edge in China market?

Even though China’s convenience store market is crowded with Chinese rivals and foreign peers like 7-Eleven, it remains far from saturated.

A man walks past a Taobao and Tmall display at the Alibaba office in Beijing. Photo: AFP
A man walks past a Taobao and Tmall display at the Alibaba office in Beijing. Photo: AFP
HKEX

Hong Kong vows stronger exchange with reforms, bond futures and gold push

Listing changes and new product launches are set to bolster Hong Kong’s role as a global financial hub, deputy finance chief says.

Retailing

Xtep opens first Saucony store in Hong Kong, eyes more premium retail sites

Chinese sportswear group positions premium running brand in Hong Kong as improving market sentiment draws retailers back to prime sites.

Electric & new energy vehicles

Banking on it: Chinese EVs expand their global footprint

With a boost in global exports offsetting domestic dips, banks forecast significant growth in overseas markets – especially western Europe.

Chinese-made MG Cyberster electric vehicles wait to be loaded onto a ship for export at a car yard in Yantai, China's eastern Shandong province on Thursday. Photo: AFP
Hong Kong property

Penthouse in Hong Kong’s Mid-Levels sells for US$48.5m, sets pricing benchmark

The record per square foot pricing for new homes this year highlights the growing momentum in the city’s luxury property market.

CK Asset has now sold four mansions at 21 Borrett Road for a combined HK$1.05 billion. Photo: May Tse
CK Asset has now sold four mansions at 21 Borrett Road for a combined HK$1.05 billion. Photo: May Tse
Electric & new energy vehicles

How 156 new car models could trigger a ‘do-or-die’ crisis in China’s EV market

A record wave of launches – mostly EVs – threatens to overwhelm demand, forcing smaller players into a fight for survival.

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China’s private sector

China’s Trip.com faces revenue slowdown, warns of ‘significant fine’ from probe

Country’s top travel site signals turbulence ahead amid rising energy costs, geopolitical tensions and mounting regulatory pressure.

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IPO

Chinese PCB maker CFMEE tops 1,000-times oversubscription in Hong Kong IPO

The Hefei-based firm’s listing comes as the global AI boom fuels gains in the materials and components that underpin servers.

CFMEE logo displayed in a smartphone in Suqian, Jiangsu province, China, on August 14, 2025. Photo: CFOTO/Future Publishing via Getty Images
CFMEE logo displayed in a smartphone in Suqian, Jiangsu province, China, on August 14, 2025. Photo: CFOTO/Future Publishing via Getty Images
Electric & new energy vehicles

Top CATL boss cools expectations over next major leap in EV batteries

Robin Zeng Yuqun addresses expectations at ‘Summer Davos’ on whether the battery technology would be available in the near future.

Semiconductors

China’s JCET to build new plant in Shanghai to expand advanced chip packaging

US$1.15 billion investment underscores advanced packaging’s role in boosting China’s chipmaking capabilities amid rapid AI development.

Hong Kong property

Hong Kong prime office vacancy hits 7-month low on Central spillover demand

City’s prime office market shows recovery signs as Central nears full occupancy, boosting rentals and spillover demand in nearby districts.

Pedestrians walk on a footbridge in Central. Photo: Elson Li
Huawei

Danish court orders state to pay telecoms firm US$12m for Huawei gear removal

Court in Copenhagen says Huawei gear removal from TDC NET’s network went beyond regulation, entitling Danish firm to damages.

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Huawei has been supplying equipment to TDC NET since 2011. Photo: Shutterstock
Huawei has been supplying equipment to TDC NET since 2011. Photo: Shutterstock
Electric & new energy vehicles

Chinese car sales accelerate in Europe as Brussels weighs putting on the brakes

Citi analysts say five largest Chinese-owned groups – SAIC, BYD, Geely, Chery and Leapmotor – have 10.6 per cent share of European market.

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Banking & finance

Amid lay-offs in the financial sector, how can banks best integrate AI?

AI adoption in banking could accelerate amid regulatory pressure and client demand, but success hinges on implementation, AWS representative says.

China’s private sector

China is fretting over a demographic crisis – but what companies might benefit?

Goldman Sachs says pharmaceutical, biotech sectors could see strongest tailwinds, while car industry, tech hardware makers may struggle.

Two elderly people in Beijing on June 1. Photo: EPA
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