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A residential building under construction by China Vanke in Hangzhou, Zhejiang province, in March 2024. Photo: AFP
China property

Top Chinese developers’ losses mount as debt overhaul props up operations

Analysts say subdued demand and cautious buyers persist, with one-off debt restructuring masking deeper losses in the sector.

Business of climate change

Ganfeng Lithium sees surge in battery demand amid China-US energy rivalry

Hong Kong stock market

Hong Kong, mainland China join Asia stock rally amid Iran war optimism

Banking & finance

Hong Kong’s anticipated stablecoin licence by end-March does not materialise

Analysts say the delay is most likely administrative and that the overall plan is still on track.

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Hong Kong’s stablecoin initiative is part of efforts to become a global digital-asset hub. Photo: Getty Images
Hong Kong’s stablecoin initiative is part of efforts to become a global digital-asset hub. Photo: Getty Images
IPO

Hong Kong retains IPO crown but may lose to US mega listings over full year

Second place for IPO funds raised is Nasdaq, with US$5.65 billion from 18 listings, while the New York Stock Exchange ranks third.

Apple

Apple’s accidental AI feature release in China risks regulatory backlash: expert

Mainland China users briefly access Apple Intelligence before the update vanishes, raising questions over compliance and regulatory approval.

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China stock market

Iran war hits stocks as Hong Kong IPO boom falters

Conflict in the Middle East hammered Asian stocks in March, adding to the challenges facing Hong Kong’s IPO rush.

Photo: AFP
Photo: AFP
Semiconductors

South Korea turns to Russia for naphtha as Asia’s chip industry feels squeeze

South Korea’s return to Russian naphtha – vital for semiconductor manufacturing – highlights Asia’s fragile supply chain amid Iran conflict.

Banking & finance

Hong Kong tycoon-backed start-up raises US$300 million to scale battery push

The California-based firm will use new funding to scale manufacturing and expand globally, with Hong Kong anchoring its regional push.

China’s private sector

Chinese coffee brands need more than low prices to compete globally: analysts

Luckin, Lucky Cup, Cotti and Nowwa are expanding quickly overseas, but analysts warn success depends on consumer experience and quality.

A Luckin Coffee outlet in Manhattan, New York. Photo: Getty Images/AFP
Hong Kong stock market

Hong Kong stocks fall with Asia as Iran conflict drives oil prices higher

Most Asian markets retreat as surging oil prices fuel concerns over the economic fallout, while aluminium producers rally on supply fears.

The Hang Seng Index retreated 0.8 per cent on Monday. Photo: Dickson Lee
The Hang Seng Index retreated 0.8 per cent on Monday. Photo: Dickson Lee
Artificial intelligence

What is Yuanjie, the Chinese chipmaker whose share price has soared nearly 900%?

Yuanjie’s rise underscores how China’s optical chip firms are riding the AI infrastructure boom, with data centre demand driving growth.

Banking & finance

Insilico Medicine signs AI drug development deal with Eli Lilly

Reaching development, regulatory and commercial milestones could see value of deal hit around US$2.75 billion.

Mainland China

Sketching a recovery: China puts next-gen art buyers in the frame amid slowdown

A US$83 trillion global wealth transfer in next two to three decades is beginning to reshape China’s art market: UBS.

Tracey Emin’s “Take me to Heaven” on display at Art Basel in Hong Kong. Wealth managers are increasingly targeting a younger cohort when it comes to art investment. Photo: Enid Tsui
China’s private sector

Li Ka-shing’s CK Life unit eyes China fast track for cancer vaccine pipeline

Sequencio, CK Life’s new Hong Kong unit, is advancing about 20 cancer vaccine projects as China pathway offers faster route to human trials.

In China, investigator-initiated trials allow drug makers to generate human clinical data “faster” than the conventional regulatory process. Photo: Shutterstock
In China, investigator-initiated trials allow drug makers to generate human clinical data “faster” than the conventional regulatory process. Photo: Shutterstock
Biomedicine: Companies

China biotech deals hit record as innovative drugs draw global interest

Deals reach US$60 billion in first quarter after analysts say Chinese biotech firms have shown substantial technological advancements.

Semiconductors

Chinese analogue chipmakers raise prices as mature-node producers poised to gain

Higher prices give China’s mature-node producers room to compete with US, European rivals without sacrificing too much margin, analysts say.

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China property

Rising second-hand home sales offer signs China’s property slump is bottoming out

Increased resale activity, driven by first-time buyers and policy support, is fuelling hopes that China’s property market may be stabilising.

In Shanghai, about 22,000 second-hand homes changed hands between March 1 and 23, up 170 per cent from the same period a month earlier. Photo: Getty Images
In Shanghai, about 22,000 second-hand homes changed hands between March 1 and 23, up 170 per cent from the same period a month earlier. Photo: Getty Images
Turkey

As tensions rise, Middle Eastern money and travellers pivot to Hong Kong

Wealthy Gulf visitors are extending their stays in Hong Kong as investors from the region look to hedge risk and tap Asian markets.

Electric & new energy vehicles

BYD’s four-year profit run ends, eyes global markets as next engine of growth

Earnings at China’s EV leader fall short of expectations amid intense domestic competition.

Electric & new energy vehicles

Pain at the pump fuels EV rush in China, driving a timely boost for carmakers

Brent crude above US$110 is pushing mainland buyers away from petrol cars, lifting China’s EV makers despite fading subsidies.

The oil price surge could offer timely relief for EV makers, which have been grappling with softer demand following the rollback of subsidies. Photo: Xinhua
Banking & finance

Tong Ren Tang unit pulls Hong Kong IPO in first postponement this year

Hospital-network operator delays plan to raise up to US$115 million amid tepid demand.

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A view of Exchange Square in Central, where Hong Kong’s bourse operator has its headquarters, on March 13, 2026. Photo: Jelly Tse
A view of Exchange Square in Central, where Hong Kong’s bourse operator has its headquarters, on March 13, 2026. Photo: Jelly Tse
Artificial intelligence

Google’s TurboQuant dents memory-chip stocks, but analysts say ‘buy the dip’

Rather than reducing demand for memory chips, the advance could increase it by fuelling more AI applications.

Electric & new energy vehicles

China’s Pony AI to launch robotaxi service in Europe with Uber, local start-up

Partners aim to operate thousands of robotaxis in various European cities over the next few years after starting in Zagreb, Croatia, ‘soon’.

Electric & new energy vehicles

China’s lidar giants pivot to robotics in boost supply chain dominance

Hesai will spend US$28.9 million this year to design and manufacture ‘eyes and muscles’ for robots, creating a new growth engine.

The Hesai booth at CES 2025 in Las Vegas, January 9, 2025. Photo: NurPhoto via Getty Images
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