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Jollibee has expanded its global footprint across 33 countries and regions. Photo: Eugene Lee
IPO

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

Company’s international spin-off underscores Hong Kong’s IPO diversification drive.

China technology

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

China stock market

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

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.

Daryl Ng Win Kong, chairman of Sino Land, speaking after one of the company’s annual general meetings. Photo: Handout
Daryl Ng Win Kong, chairman of Sino Land, speaking after one of the company’s annual general meetings. Photo: Handout
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.

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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
PetroChina

PetroChina’s first-half profit jumps 22% despite Iran war oil supply crunch

As LNG and EV adoption bite into traditional fuel sales, higher global crude prices help the state-backed giant deliver strong earnings.

The PetroChina logo is displayed on a smartphone screen. Photo: Shutterstock
The PetroChina logo is displayed on a smartphone screen. Photo: Shutterstock
Hong Kong property

Hot property: Big banks, fashion stores seek ‘cheaper’ top Hong Kong retail

HSBC to open its first flagship operation at the Capitol Centre, where market sources say the rent is much lower than its previous tenancy.

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Banking & finance

China’s 6 biggest state banks log rare joint gains in revenue and profit

Half-year results rise across China’s largest state-owned lenders amid tentative signs of margin stabilisation.

Banking & finance

Why Citi’s China-US corporate activity remains resilient despite trade headwinds

Chinese firms lean on global banks to manage trade friction and expand supply chains, keeping corporate activity resilient, Citi says.

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Mainland Chinese firms rely on global institutions to navigate financial friction with the US, according to Citi. Photo: AFP
Hong Kong property

Can Hong Kong expect to see fewer creditor-led commercial property sales?

City’s office and retail property segments have been mired in a multi-year slump that has triggered loan defaults.

Commercial buildings in Central, Hong Kong. Photo: Jelly Tse
Commercial buildings in Central, Hong Kong. Photo: Jelly Tse
Hong Kong property

JD.com’s expansion could test Hong Kong’s footfall-driven retail property model

Chinese e-commerce firm builds network of stores and warehouses that analysts say may reduce reliance on footfall for some retailers.

Electric & new energy vehicles

Chinese authorities tell carmakers to focus on quality, not tech offerings

Vice-minister says that to ensure safety, new technologies that fail to pass stricter approval procedures will be barred from market.

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Banking & finance

Hong Kong’s long-term wealth hub status safe from mainland curbs: JPMorgan exec

The investment bank’s North Asia chairwoman downplays regulatory hurdles – and views the city’s rivalry with Singapore in ‘win-win’ terms.

Kwang Kam-shing, CEO of JPMorgan Hong Kong, poses for a picture in Central. Photo: Edmond So
Kwang Kam-shing, CEO of JPMorgan Hong Kong, poses for a picture in Central. Photo: Edmond So
HKEX

HKEX Tech 100 adds Pony AI, WeRide in index revamp targeting AI stocks

The revision is designed to help the tech index recover from an underwhelming first half by tapping a new generation of Chinese AI firms.

Semiconductors

China’s CXMT posts massive 870% revenue surge as ‘aggressive expansion’ pays off

China’s leading DRAM chipmaker outperforms its own forecasts in its first financial results since a blockbuster Shanghai listing.

Banking & finance

BOCHK earnings climb as lower credit costs offset margin pressure

Bank beats forecast with HK$23.74 billion profit, helped by reduced credit costs and stronger fee income from wealth and insurance.

The results follow a year in which BOCHK completed a five-year strategic plan. Photo: Sam Tsang
Mergers & Acquisitions

Macau tycoon Lawrence Ho’s family office targets space sector in de-SPAC deal

The business combination with Singapore-based Astrum Space could set the stage for a New York Stock Exchange debut by the end of the year.

Lawrence Ho Yau-lung, chairman of Melco Resort and Entertainment, speaks at the InterContinental Hong Kong in Tsim Sha Tsui. Photo: Jonathan Wong
Lawrence Ho Yau-lung, chairman of Melco Resort and Entertainment, speaks at the InterContinental Hong Kong in Tsim Sha Tsui. Photo: Jonathan Wong
Artificial intelligence

MiniMax boosts Alibaba cloud budget 220% to fuel next-gen AI models

Chinese AI firm burns through two-thirds of its cloud budget by June, forcing a dramatic increase in its Alibaba deal ceiling.

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Hong Kong stock market

Bitcoin rally and Alibaba share purchases: the numbers moving markets

Alibaba shares, bitcoin, Hong Kong second-hand home prices and Shein’s IPO plans in spotlight this week.

Insurance

China Life’s revenue surges as insurer plans deeper push into AI and biotech

Company pledges long-term support for tech-innovation after revenue jumps 81 per cent and net profit soars 228 per cent.

China Life has accelerated integration of new technologies into its business scenarios, according to the company. Photo: Getty Images
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