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A general view of the Ministry of Finance in Beijing, China. Photo: Getty Images
Banking & finance

China pumps massive US$54b into insurers, banks in financial powerhouse push

The rare capital boost of such magnitude seeks to shore up insurers and banks as solvency pressures mount and regulatory demands loom.

Artificial intelligence

Why China’s AI giants spend far less and still shrink compute gap with US rivals

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Semiconductors

Huawei’s Tau Scaling Law chip overcomes overheating hurdle, paper shows

Electric & new energy vehicles

Tesla to exhibit Cybercab robotaxi in China: can it spark buzz amid slow sales?

While the company stresses the tour does not signal the vehicle will be sold in China, some observers believe it could still bolster the brand’s position.

The Tesla Cybercab exhibited at the annual LA Auto Show in Los Angeles, United States, on November 23, 2024. Photo:
The Tesla Cybercab exhibited at the annual LA Auto Show in Los Angeles, United States, on November 23, 2024. Photo:
Artificial intelligence

From ‘slop’ to prime time: how AI dramas are shaking up China’s TV industry

Fully AI-generated, 30-episode Journey to the West series debuts, as shifting production economics transform the industry.

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IPO

China’s AI ‘little giant’ Yunxi Technology files for Hong Kong IPO: sources

The confidential filing could see the hi-tech provider listed in Hong Kong by year-end.

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Hong Kong stock market

Hong Kong’s billionaires, Treasury yields hit 4.78%: the numbers moving markets

China’s expanding outbound capital and US bonds’ surging yields are in spotlight this week.

US Treasury Secretary Scott Bessent holds a press conference in Asheville, North Carolina, on Tuesday. Photo: Getty Images/AFP
US Treasury Secretary Scott Bessent holds a press conference in Asheville, North Carolina, on Tuesday. Photo: Getty Images/AFP
Banking & finance

AI boom is hiding cracks in US markets, Nomura warns

Bank flags US risk premium as AI surge falters, undermining ‘Tina’ or ‘there is no alternative’ to dollar assets.

Electric & new energy vehicles

Chinese carmaker Chery to begin testing solid-state EV batteries next year

Chairman says it plans to invest US$1.49 billion in the new battery technology over the next two years.

Wealth management

More than 4 in 5 young mainland Chinese investors turn to offshore assets: study

Affluent investors are using exposure to the assets for returns and to manage risk.

Many young investors in mainland China are choosing to invest in offshore assets. Photo: Kyodo
Artificial intelligence

US tech chiefs Huang, Musk warn against AI curbs amid race with China

US tech leaders warn strict rules could blunt innovation and prevent the harnessing of economic gains from rapidly advancing AI.

Jensen Huang speaks at the G20 Innovation Ministerial summit. Photo: Reuters
Jensen Huang speaks at the G20 Innovation Ministerial summit. Photo: Reuters
Hong Kong property

SHKP clinches rare MTR station-top megaproject in Hong Kong’s Tuen Mun

Developer has now won two projects in the area, which combined are expected to deliver nearly 6,800 flats.

United States

Sam’s Club to expand faster in China as members pass 10.7 million

Company to open 13 new stores this year, bringing total to 76, as value prices and exclusive goods prove to be a winning formula.

Electric & new energy vehicles

BYD, Leapmotor buck EV market slowdown as pressure piles up on small rivals

China’s leading EV makers saw sales surge in August, with BYD up 17.8 per cent from last year and Leapmotor up 80.7 per cent.

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A Z Convertible EV from BYD luxury brand Denza at the company’s booth at the Beijing International Automotive Exhibition in Beijing. Photo: Reuters
Artificial intelligence

‘Slop’ purge: Chinese watchdog scrubs millions of harmful AI posts

Clampdown sweeps across 2,400 websites and apps as cyberspace watchdog escalates fight against generative tech abuse.

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The Cyberspace Administration of China says it has removed some 49,000 accounts during its latest enforcement drive. Photo: Reuters
The Cyberspace Administration of China says it has removed some 49,000 accounts during its latest enforcement drive. Photo: Reuters
IPO

Why Philippine chain Jollibee chose Hong Kong over New York to list spin-off

Company’s plan to list international arm in Hong Kong underscores city’s IPO diversification drive.

China technology

China approves string of ‘telepathy’ devices amid push to leapfrog Elon Musk

Chinese regulators have approved a group of brain-technology products this year, as local start-ups push to surpass Musk’s Neuralink.

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China stock market

What tech-driven company earnings say about China’s diverging growth paths

AI demand and local chip substitution spark boom for tech firms, leaving traditional industries far behind.

Earnings for firms on the Star Market in Shanghai and the ChiNext board in Shenzhen soared in the first half. Photo: AFP
Earnings for firms on the Star Market in Shanghai and the ChiNext board in Shenzhen soared in the first half. Photo: AFP
Hong Kong property

Sino Land profit rises 14% as property losses narrow, but core earnings fall

Developer adds to land bank despite pressure on mall rents, as e-commerce and outbound travel reshape Hong Kong’s retail market.

Electric & new energy vehicles

Beijing issues guidelines for Chinese carmakers to curb discount wars overseas

New rules signal push for sustainable expansion as Chinese EV makers pursue long-term gains and influence in global markets.

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Banking & finance

Why Asian investors are pouring capital into brain tech and surgical robots

Family offices and venture investors across Hong Kong and the wider region are reshaping portfolios to capture long-term biotech growth.

An orthopedic surgical robot is displayed at the 2026 World Robot Conference in Beijing on August 20. Photo: Xinhua
Hong Kong stock market

China’s top brokerages step up global push as overseas profits surge

Citic, CICC and Guotai Haitong among those broadening cross-border deal-making and committing fresh capital to international arms as Beijing backs stronger investment banks.

A Citic Securities sign is seen at a branch in Beijing. Photo: Reuters
A Citic Securities sign is seen at a branch in Beijing. Photo: Reuters
Hong Kong stock market

Shein shares recover after 10% drop on Hong Kong debut

The fast-fashion retailer sold 280 million shares at HK$48.56 each, according to an exchange filing Monday.

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China stock market

What’s driving the surge in foreign positions across yuan-traded Chinese stocks?

Foreign exposures to yuan-traded stocks jump by a third, with QFII data showing holdings surging to more than US$40 billion.

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Z.ai

Chinese AI firm Z.ai posts 400% revenue jump as total losses narrow

First-half revenue from cloud-based deployment services soared over 2,700 per cent year on year.

Z.ai’s full-year sales were expected to expand 514 per cent, according to analysts’ estimates. Photo: Shutterstock
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