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Michael Burry, the US hedge fund manager whose story was popularised in the 2015 film 'The Big Short', said in a Substack post on Tuesday that there were stretched valuations in AI-related markets. Photo: Getty Images
Banking & finance

‘Big Short’ 2.0? US hedge fund manager warns of a global AI bubble

China’s AI stocks entered the second half of 2026 with improving earnings momentum, but scepticism about the sector is increasing.

Hong Kong stock market

China’s tax crackdown: A-share and Hong Kong-listed firms hit hard

IPO

Hong Kong loses IPO crown as swelling wave of Chinese tech no match for SpaceX

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Banking & finance

Hong Kong’s IPO Connect push: why investors see it as the next frontier

Calls grow to further expand Hong Kong’s connect scheme with mainland China markets amid drive for deeper capital flows.

Calls for an IPO Connect have resurfaced at a delicate time for Hong Kong, which views finance as a pillar industry to demonstrate resilience in a geopolitically complex world. Photo: Sam Tsang
Calls for an IPO Connect have resurfaced at a delicate time for Hong Kong, which views finance as a pillar industry to demonstrate resilience in a geopolitically complex world. Photo: Sam Tsang
IPO

Momenta granted regulatory approval to list in Hong Kong amid rumoured crackdown

As Beijing appears to tighten rules on the listing of domestic firms incorporated offshore, self-driving tech start-up Momenta gains IPO approval.

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China’s private sector

Bigger, fewer, tougher: the new era of China-US biotech partnerships

China’s biotech boom continues to attract Western drug makers even as Washington expands investment and technology controls.

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Hong Kong stock market

Lenovo targets US$2b bond to repurchase debt amid AI infrastructure growth

World’s largest PC maker plans to use the proceeds to buy back shares and strengthen its financial position amid sustained growth.

Lenovo plans to raise US$2 billion through a convertible-bond offering, according to a filing it made to the Hong Kong stock exchange on Thursday. Photo: Jelly Tse
Lenovo plans to raise US$2 billion through a convertible-bond offering, according to a filing it made to the Hong Kong stock exchange on Thursday. Photo: Jelly Tse
IPO

Mainland China theme park operator applies for listing in Hong Kong

Company operates Millennium City Park in Kaifeng, a life-size recreation of a famous painting from the Northern Song dynasty.

China Evergrande Group

China Evergrande liquidators seek judicial review of SFC agreement with PwC HK

Failed developer’s creditors have been made HK$1 billion worse off by the agreement, liquidators say.

China’s private sector

China biotech firms say global push is ‘irreversible’ despite US barriers

Chinese drug makers are increasingly relying on overseas licensing deals to reach global markets amid growing geopolitical tensions.

Chinese companies now account for about half of all global biotechnology business development deals. Photo: Shutterstock
Electric & new energy vehicles

BYD playing catch-up with demand for fast-charging batteries

Carmaker says sales volume this year will be limited by battery production, which it is expanding by 20,000 to 30,000 units per month.

BYD expects its fast-charging batteries to provide a sales boost. Photo: Reuters
BYD expects its fast-charging batteries to provide a sales boost. Photo: Reuters
China’s private sector

With AI able to predict disease, can we treat ageing like a ‘bug’ in the system?

AI is transforming longevity as companies like METiS TechBio and Human Longevity use algorithms to combat ageing and predict health risks.

Hong Kong Monetary Authority (HKMA)

Mainland investors face uncertainty amid regulatory crackdown

Tighter overseas investment rules are leading some investors to shift to mainland-approved channels as Hong Kong brokers restrict access.

Banking & finance

China’s Tiger Brokers reports strong results amid trading crackdown

Hong Kong trading soars 536 per cent, firm says, while making no mention of US$61 million fine from China’s market watchdog.

The Hong Kong market "continued its solid trajectory, with client assets posting double-digit growth" in the quarter, according to the firm's CEO. Photo: Handout
China’s private sector

Akeso lung cancer drug trial raises hopes in US$20b market

Ivonescimab phase three trials reduce death risk by 34 per cent, as analysts predict it could transform non-small cell lung cancer therapy.

Illustration of a healthy lung and a smoker's lung. Photo: Shutterstock
Illustration of a healthy lung and a smoker's lung. Photo: Shutterstock
HKEX

HKEX revamps Tech 100 Index as benchmark struggles to keep pace with AI rally

Seven firms including Hesai, Geekplus and Deepexi join the index as investors question whether local benchmarks reflect fast-rising AI sector.

China’s private sector

China’s biotech boom drives surge in home-grown innovative drug approvals

Domestic firms dominate China’s drug approvals amid jump in spending and out-licensing deals as regulator speeds path to market.

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IPO

Hong Kong set to be ousted by Nasdaq as world’s biggest IPO market

International investors remain interested in Hong Kong tech listings due to attractive valuations, UBS and JPMorgan say.

Nasdaq is set to become the world's biggest IPO market this year with the SpaceX listing. Photo: Reuters
Nasdaq is set to become the world's biggest IPO market this year with the SpaceX listing. Photo: Reuters
IPO

Top Numerical Control rides fervour for aerospace to 80% IPO gain

Revenue from aviation and aerospace manufacturing equipment has accounted for around 90 per cent of its total since 2022.

Banking & finance

Hong Kong-listed firm uses AI to make nano-rockets to deliver life-saving drugs

METiS TechBio debuts on Hong Kong stock market as its CEO compares the drug design start-up to SpaceX for the pharmaceutical industry.

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IPO

Chinese industrial robot maker Inovance joins Hong Kong IPO queue

Company aims to enhance internationalisation strategy with listing expected to raise up to US$2 billion.

Staff members work on a production line at Inovance in Nanjing, in east China’s Jiangsu province, on March 17, 2026. Photo: Xinhua
IPO

China’s solar giant Sungrow revives Hong Kong IPO plan amid clean energy boom

Refiled application comes as a cluster of mainland China companies submits listing documents, signalling a pickup in the city’s IPO pipeline.

Workers prepare panels that will be part of a large floating solar farm project under construction by Sungrow Power Supply in Anhui province, China. Photo: Getty Images
Workers prepare panels that will be part of a large floating solar farm project under construction by Sungrow Power Supply in Anhui province, China. Photo: Getty Images
Banking & finance

Biotech-led boom as 8 China firms flock to Hong Kong’s thriving stock market

AI-powered drug developer Metis TechBio leads group that includes developers of autonomous driving technology and industrial robots.

Banking & finance

HKEX proposes halving settlement cycle to boost Hong Kong’s financial profile

Bourse operator launches a consultation on shortening the share settlement cycle to one day, aiming to implement the reform in late 2027.

IPO

Sigenergy jumps 103% in Hong Kong debut on rising energy storage demand

The Shanghai-based firm’s shares closed at HK$659.50, versus its offer price of HK$324.20 after it raised US$560 million from its IPO.

Visitors learn about products at the booth of Sigenergy Technology during the Solar and Storage Live Africa 2026 in Johannesburg, South Africa, on March 25, 2026. Photo: Xinhua
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