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BYD vice president Liu Xuelian at Rosewood Hong Kong in Tsim Sha Tsui. Photo: Jonathan Wong
Electric & new energy vehicles

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

The world’s largest EV maker said it would not let EU tariff hikes and quotas on hybrid imports from China impact customers’ vehicle choices.

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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

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.

Edward Moncreiffe will join AIA Group as regional CEO from November 2. Photo: Jonathan Wong
Edward Moncreiffe will join AIA Group as regional CEO from November 2. Photo: Jonathan Wong
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.

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.

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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.

The outstanding dim sum bond market reached 1.9 trillion yuan, or about US$284 billion, nearly quadrupling from the end of 2021, according to BofA. Photo: Shutterstock
The outstanding dim sum bond market reached 1.9 trillion yuan, or about US$284 billion, nearly quadrupling from the end of 2021, according to BofA. Photo: Shutterstock
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.

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
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.

People walk past the logo of property developer Shimao Group near Shimao Tower in Shanghai. Photo: Reuters
People walk past the logo of property developer Shimao Group near Shimao Tower in Shanghai. Photo: Reuters
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.

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
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.

A 90-day grace period before mainland China’s new tax rules on offshore trust gains are enforced expires on Thursday. Photo: Dickson Lee
A 90-day grace period before mainland China’s new tax rules on offshore trust gains are enforced expires on Thursday. Photo: Dickson Lee
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.

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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.

A worker walks through CATL’s battery cell plant in Debrecen, Hungary. Photo: AFP
A worker walks through CATL’s battery cell plant in Debrecen, Hungary. Photo: AFP
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.

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
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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Illustration: Huy Truong
Illustration: Huy Truong
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.

Banking & finance

Foreign banks shrink China branch networks as growth remains subdued

Foreign lenders are closing branches and shifting to wealth management as weak returns put pressure on their China operations.

Deutsche Bank shuttered its Chongqing branch last month after closing its Qingdao branch earlier this year. Photo: Getty Images
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