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HSBC is looking to introduce stablecoins by integrating them into its popular PayMe app. Photo: Jonathan Wong
Fintech

How PayMe’s 3.3 million users and Hong Kong firms could start using stablecoins

HSBC eyes retail stablecoin roll-out via PayMe in second half of 2026, as Standard Chartered-led joint venture focuses on institutions first.

Electric & new energy vehicles

Shanghai Gigafactory has potential to build humanoid robots: Tesla China head

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China’s private sector

Chinese firms drawn to Brazil as they seek anchor for Latin America expansion

China Evergrande Group

Founder of China’s Evergrande Group Hui Ka-yan pleads guilty in fraud trial

Milestone in downfall of company that was once the world’s largest developer is unlikely to move the market, analysts say.

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Hui Ka-yan, then-chairman of China Evergrande Group, attends the company’s 2017 results meeting at the Four Seasons Hotel in Hong Kong. Photo: David Wong
Hui Ka-yan, then-chairman of China Evergrande Group, attends the company’s 2017 results meeting at the Four Seasons Hotel in Hong Kong. Photo: David Wong
China’s private sector

China’s tea-drink shops thirst for profits as price wars dry up prospects

‘I am learning a hard lesson of how involution can destroy my business,’ a Shanghai shop operator says.

Electric & new energy vehicles

How China’s EV battery king CATL powers up profits while EV makers struggle

Consolidation, scale and technology advantages enhance pricing power as firm’s domestic market share hits 18-month high.

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Hong Kong property

Hong Kong home sales outlook firm even as La Mirabelle demand ebbs

Developers prioritise sales continuity, keeping pricing close to prevailing secondary market levels to ensure consistent absorption.

A view of residential buildings in Tseung Kwan O on February 12, 2026. Photo: Sam Tsang
A view of residential buildings in Tseung Kwan O on February 12, 2026. Photo: Sam Tsang
Energy

China’s energy bosses push for tighter rules as overcapacity bites

Calls for tighter approvals highlight how excess capacity is undermining growth despite global demand tailwinds.

Electric & new energy vehicles

Hyundai spearheads foreign EV comeback push in China with Ioniq brand

South Korean carmaker bets on local partnerships and technology as global brands prepare fresh push into China’s fast-moving EV market.

Banking & finance

Calls grow for HKMA to go further on stablecoins after conservative first batch

Analysts and investors say the HKMA’s cautious approach prioritises risk control, but limits Hong Kong’s digital asset ambitions.

Analysts say the HKMA has prioritised risk management , even as it seeks to promote financial innovation through stablecoins. Photo: Jonathan Wong
Banking & finance

China healthcare stocks shine in Hong Kong amid Middle East turmoil

Hang Seng Healthcare Index outpaces broader market as Akeso, Innovent, Hansoh provide refuge for global investors.

A number of Chinese biopharmaceutical and biotech companies posted their first-ever annual profits in 2025. Photo: Shutterstock
A number of Chinese biopharmaceutical and biotech companies posted their first-ever annual profits in 2025. Photo: Shutterstock
Hong Kong property

Jardine Matheson to exit Taikoo Place, consolidate offices in Central: sources

Move points to Central consolidation as landlords push premium space, with office market splitting between core and decentralised areas.

Artificial intelligence

Alibaba’s Qwen family captures over 50% of global open-source downloads: report

Qwen hits nearly 1 billion cumulative downloads, far surpassing rivals like Meta Platforms’ Llama and DeepSeek, researchers say.

Electric & new energy vehicles

Solid-state battery firms in China and US charged up for IPO run

A trio of battery developers are advancing listing plans as high oil prices and geopolitical tensions boost interest in energy storage.

Geopolitical tensions and elevated oil prices fuel demand for more energy-efficient technologies. Photo: Shutterstock
Hong Kong property

Developers line up 1,300 Hong Kong flats as sentiment improves, prices tick higher

New projects across the city draw steady demand, with selective price increases reflecting improved homebuying sentiment.

General view of the Pavilia Farm in Tai Wai. Photo: Google
General view of the Pavilia Farm in Tai Wai. Photo: Google
Electric & new energy vehicles

China amps up battery buildout to ‘10 times US 2025 capacity’

China’s battery expansion plans highlight a widening gap with the US, as renewable energy demand fuels rapid growth in storage systems.

Artificial intelligence

Alibaba cloud growth forecast to climb with AI push, higher charges: analysts

The company’s cloud and AI businesses are gaining speed, with token usage and pricing changes fuelling growth, analysts say.

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Banking & finance

Mainland China and Hong Kong IPOs drive Citic to the top of banking fee rankings

Citic leads Asia-Pacific in fees in the first quarter as IPOs in Hong Kong and mainland China offset weaker debt and M&A activity.

Citic Securities led Asia-Pacific with a 6.4 per cent share of the total investment banking fee pool in the first quarter: Photo. Reuters
Citic Securities led Asia-Pacific with a 6.4 per cent share of the total investment banking fee pool in the first quarter: Photo. Reuters
CATL

CATL expands green energy footprint with 45% stake in Hangzhou Zhonhen Electric

As part of the deal, CATL will be entitled to appoint one board director and one general manager of the listed company.

Banking & finance

Yiwu market owner eyes Hong Kong IPO to support overseas expansion

Hong Kong listing plan comes after the company reported net profit of 4.2 billion yuan for 2025, up 36.8 per cent from a year earlier.

IPO

Hangzhou ‘Six Little Dragons’ member Manycore seeks US$130m from Hong Kong IPO

The spatial design software developer is selling 161 million shares priced between HK$6.72 and HK$7.62 each, with listing set for April 17.

Manycore’s flagship products include its spatial design platform Kujiale, also known as KuSpace, and its international offering Coohom. Photo: CFOTO/Future Publishing via Getty Images
Electric & new energy vehicles

Volkswagen tests China’s appetite for locally developed EVs

The three models, which will be launched over the next two weeks, use technology developed by Volkswagen’s Chinese partners.

Volkswagen unveiled the ID. ERA 9X, ID. AURA T6 and ID. UNYX 08 electric vehicles in Beijing on Wednesday. Photo: Reuters
Volkswagen unveiled the ID. ERA 9X, ID. AURA T6 and ID. UNYX 08 electric vehicles in Beijing on Wednesday. Photo: Reuters
Banking & finance

Everest’s US$250 million buy signals rising global appetite for China biotech

Sovereign wealth funds from Singapore and Abu Dhabi join Chinese state capital as cross-border biotech licensing reaches record highs.

Artificial intelligence

AI fuels global trade growth as China-US flows shift, McKinsey finds

Data-centre expansion and AI investment push global trade ahead of economic growth, consultancy says.

Artificial intelligence

China’s Zhipu AI open-sources GLM-5.1, raises prices to trim gap with US rivals

The company’s second price increase this year signals a push to monetise advanced AI models while keeping costs below US peers.

The move marks Zhipu’s second price increase this year, following a broader overhaul in February that lifted rates by more than 30 per cent. Photo: Shutterstock
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