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Companies

Anchorpoint has yet to confirm a launch date for its retail product in Hong Kong. Photo: Sun Yeung
Fintech

Standard Chartered-led Anchorpoint plans retail stablecoin on public blockchain

But the venture has yet to commit to a launch date, saying it will not rush the product to market.

Electric & new energy vehicles

BYD to build new factories in Europe to beat trade barriers aimed at Chinese EVs

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International Property

Sri Lanka’s property boom gives Chinese developers hope. But old risks linger

IPO

Dongshan Precision retail IPO undersubscribed as Hong Kong mega listing flops

Following a nearly 10 per cent slump in the company’s A-share price on Thursday, some institutional investors withdrew large orders.

Printed circuit board maker Dongshan plans to use some of its IPO proceeds to construct and upgrade facilities. Photo: Shutterstock Images
Printed circuit board maker Dongshan plans to use some of its IPO proceeds to construct and upgrade facilities. Photo: Shutterstock Images
Banking & finance

Former HSBC insurance veteran joins AIA in latest senior talent move

Appointment follows Mark Tucker’s return to AIA last year, as insurers compete for affluent clients seeking wealth and succession solutions.

Robotics

China’s humanoid robots go job hunting in South Korea

Chinese firms test humanoid robots in South Korean factories and cafes as the country races to build a physical AI ecosystem.

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Hong Kong stock market

Market sell-off, tax scrutiny and growth: key figures shaping investor sentiment

A stock market slump, Beijing’s tax enforcement drive and fresh GDP data are among the developments drawing investors’ attention this week.

An electronic monitor displays Hang Seng Index data in Central, Hong Kong. Photo: Edmond So
An electronic monitor displays Hang Seng Index data in Central, Hong Kong. Photo: Edmond So
Bonds

How Hong Kong’s yuan bond market became a key funding source for global banks

Offshore yuan issuance jumps 68 per cent as US banks tap Chinese capital, making it their third-largest funding currency, report says.

2026 Xi-Trump summits

Why US businesses want China ties to move beyond Xi-Trump summit diplomacy

American firms welcome frequent meetings between the two leaders, but say lasting stability requires deeper engagement at working levels.

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Mainland China

China expands tax workforce as tougher enforcement moves into spotlight

Recruitment drive for tax officers comes amid tougher scrutiny of corporate taxes and offshore wealth structures.

Candidates gather outside a national civil service examination centre in central China's Henan province in November last year. Photo: Getty Images
China consumption

Starbucks China rolls out buy-before-seating after reversing US open-door policy

The coffee chain is ending free seating across its mainland stores amid fierce competition in China’s growing coffee market.

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Customers sit in a Starbucks store in Shanghai. Photo: Getty Images
Customers sit in a Starbucks store in Shanghai. Photo: Getty Images
Hong Kong property

Receivers to sell Shimao’s 2 Hong Kong hotels to Malaysian developer

1,219-room complex on Lantau Island was seized by receivers after Shimao failed to sell it for about US$570 million in late 2024.

Hong Kong property

Could Hong Kong’s student housing boom lure property giants off the sidelines?

With a 100,000-bed shortfall forecast, Hong Kong is offering a dedicated student hostel site that could draw in major developers.

Hong Kong property

Hong Kong’s SHKP sells 128 Sierra Sea flats ahead of possible US rate increase

The latest sell-out included units offered at discounted prices ranging from about HK$5.47 million to HK$9.87 million.

View of SHKP’s Sierra Sea residential development in Shap Sze Heung in Sai Sha, New Territories, Hong Kong. Photo: Edmond So
New medical drugs

China’s pharmaceutical stocks gain favour amid ‘greater’ progress in innovation

The nation’s innovative drug out-licensing deals reached US$130 billion by the end of September, almost matching 2025’s full-year level.

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Domestic innovative drugs made up 80 per cent of all innovative medicines approved in China in the first three quarters of 2026, according to the Ministry of Industry and Information Technology. Photo: Shutterstock
Domestic innovative drugs made up 80 per cent of all innovative medicines approved in China in the first three quarters of 2026, according to the Ministry of Industry and Information Technology. Photo: Shutterstock
Wealth management

China eases uncertainty over offshore trust taxes before grace period ends

New guidance exempts some offshore stock incentive trusts after an executive ‘successfully’ appeals tax treatment.

Artificial intelligence

DeepSeek seeks ‘total victory’ with new open-source tool to slash AI cost

Open-source DeepInfer framework designed to make AI models cheaper and more efficient to deploy, Chinese start-up says.

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Hong Kong stock market

Shipping giant Cosco launches new routes to ride out Iran war, climate risks

The Chinese shipping giant is focusing on resilience as it responds to rise in geopolitical conflicts and extreme weather.

Containers are loaded onto ships at the Ningbo-Zhoushan port in China’s eastern Zhejiang province. Photo: AFP
Containers are loaded onto ships at the Ningbo-Zhoushan port in China’s eastern Zhejiang province. Photo: AFP
CATL

Battery giant CATL hit by profit slowdown, mainland China shares tumble over 10%

CATL’s profits slowed sharply in the third quarter, as analysts warn the firm is vulnerable to headwinds in China’s electric car industry.

IPO

Suzhou Dongshan raises less than expected in US$1.8b Hong Kong IPO

With the overallotment, the circuit board maker could raise US$1.84 billion, compared with expectations of up to US$3 billion a week ago.

Electric & new energy vehicles

Chinese carmakers gear up European production to sidestep tariffs, import quota

Analysts say idle factories in Europe could be prime targets as Chinese carmakers look to localise production.

Workers on a Dongfeng Liuzhou Motor’s electric vehicle production line in Liuzhou, Guangxi Zhuang autonomous region, last month. Photo: VCG via Getty Images
International Property

US-based money manager eyes Asia-Pacific property for growth

Principal Asset Management executive says appetite for commercial properties in fast-growing markets underpinned by higher interest rates.

Central Tokyo’s Shibuya Crossing. Photo: Harvey Kong
Central Tokyo’s Shibuya Crossing. Photo: Harvey Kong
Artificial intelligence

In Focus | The AI promise was automation. The reality? Managing digital workers

As businesses race to build AI workforces, supervising them is becoming the next big challenge.

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Hong Kong property

Hong Kong’s primary flat market sees wave of launches, 2 developments sell out

Swire Properties, Chinachem Group also announced plans to redevelop three buildings into a premium grade-A office tower in Taikoo Place.

International Property

New property disclosure rule in Japan sparks fears it may curb foreign investors

Rising interest rates and new legislation on nationality disclosure are raising concerns that foreign investors may reconsider real estate investment.

An apartment building in Tokyo. Photo: AFP
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