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Electric vehicles made by Volkswagen are seen on a production line in China’s Anhui province earlier this year. Photo: Reuters
Electric & new energy vehicles

China’s EV sales keep sliding as incentives fade and price war seen heating up

A seven-month domestic downturn contrasts with a 147.8 per cent jump in overseas shipments, highlighting a widening gap between domestic and export markets.

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China stock market

What are China’s quantitative trading funds, and why are they so controversial?

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Wealth management

Rich Hongkongers rank travel over real estate in shifting life goals: survey

Banking & finance

In Focus | Beijing hits super-rich with 20% offshore tax. What does it mean for Hong Kong?

For decades, Hong Kong has prospered by managing the wealth of Asia’s elite. Will that change as China introduces tougher offshore tax policies?

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Illustration: Dennis Yip
Illustration: Dennis Yip
Wealth management

Over a quarter of China’s ultra-wealthy in Beijing and Shanghai, report says

Beijing, Shanghai and Guangdong hold most super-rich households as weaknesses in real estate and market volatility weigh on private capital.

Banking & finance

Everything you need to know about Hong Kong’s US dollar peg

As global investors shift away from US dollar assets, Hong Kong is tied to the US dollar to maintain a stable exchange rate.

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Banking & finance

Meet the next generation of Chinese stars making their mark in global finance

New finance talent brings analytical discipline and cross-cultural fluency across global asset management, crypto and quant trading.

From left are Tian Zhou, Wei Li and Katherine Wu. Photo: Handout
From left are Tian Zhou, Wei Li and Katherine Wu. Photo: Handout
Banking & finance

Hong Kong raises Silver Bonds coupon rate to 4.25% for latest batch

The city plans to issue up to HK$50 billion of Silver Bonds next month, with the higher rate intended to pre-empt a rise in US interest rates.

Hong Kong stock market

As Hong Kong shares react to 20% levy report, investors eye Beijing’s next steps

Prudential, AIA and HSBC slid following report of the insurance levy, though Goldman Sachs says profit fallout may be limited.

Banking & finance

China’s foreign reserves hold steady as external earnings stay in private hands

Hong Kong absorbed nearly two-thirds of mainland China’s portfolio outflows last year and now holds about half of the total external stock, IIF says.

China’s banks, companies and investors operating outside the central bank’s reserve holdings became net creditors in their own right at the end of 2025, according to the Institution of International Finance. Photo: Shutterstock
China stock market

China’s stock account openings slow in July amid tech sell-off

The number of new accounts opened on the Shanghai Stock Exchange was down 7 per cent month on month.

An electronic board displays stock index information in Beijing. Photo: Reuters
An electronic board displays stock index information in Beijing. Photo: Reuters
Wealth management

How China’s new offshore trust tax rules could shake billionaires’ fortunes

Soho China founder Pan Shiyi’s Cayman trust faces scrutiny as Beijing’s tax overhaul puts offshore wealth strategies in focus.

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HKEX

Treasury bond futures ‘a milestone’ to boost Hong Kong’s bridgehead role: CSRC

First offshore China government bond futures rose more than 1 per cent on debut on Monday.

Millionaires, billionaires and trillionaires

Why 17 people have held title of China’s richest person in past 27 years

ByteDance founder Zhang Yiming tops rankings this year, but vibrant market makes them much more fluid than in US, Hurun says.

ByteDance founder Zhang Yiming ranks as China’s richest person this year, with a fortune estimated at US$81 billion. Photo: Weibo
China stock market

From property to portfolios: why Chinese families are walking away from homes

While Chinese families grow cautious, South Korean retail investors use record leverage to chase tech ETFs despite mounting risks.

Property’s share of Chinese household assets dropped to 52 per cent in the first quarter of 2026 from 67 per cent in mid-2021, according to a Goldman Sachs report. Photo: Getty
Property’s share of Chinese household assets dropped to 52 per cent in the first quarter of 2026 from 67 per cent in mid-2021, according to a Goldman Sachs report. Photo: Getty
Electric & new energy vehicles

Why Elon Musk would find it hard to decouple Tesla from China

While the EV maker’s CEO has denied talk of a Tesla-China separation, the reports underscore mounting pressures amid broader US-China tensions.

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Electric & new energy vehicles

China’s Xiaomi targets Tesla, staking 23% lower price on premium SUV

Aggressive comparative pricing for SkyNomad series linked to Xiaomi’s 550,000-unit sales target this year, Deutsche Bank says.

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Banking & finance

Cross-border investment still ‘robust’ despite China’s growing controls: CICC

Beijing’s tightening scrutiny of overseas trading has not significantly harmed ‘legitimate’ cross-border investment flows, lender says.

People ride bicycles in the central business district of Beijing. Photo: Reuters
People ride bicycles in the central business district of Beijing. Photo: Reuters
Hong Kong stock market

How South Korea’s tech rout hit Hong Kong – and why regulators stepped in

Following an 80 per cent plunge in a popular SK Hynix leveraged fund, authorities have moved to overhaul rules for some high-risk investments.

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Banking & finance

Hong Kong expands CMU’s global reach with Swiss, Spanish securities link

The HKMA connects its securities settlement platform with Switzerland’s SIX exchange, while also launching equity post-trade services.

Banking & finance

Standard Chartered posts 10% profit rise, launches US$1b buy-back

Share price surges on 38 per cent rise in wealth-management revenue, even as Middle East tensions and bad debt temper profit growth.

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Net profit climbed to a record US$3.37 billion, according to Standard Chartered. Photo: Reuters
Bonds

Shanghai Clearing House targets global growth with expanded offshore yuan push

SHCH will broaden its clearing services across offshore yuan bonds, interest rates and foreign exchange products.

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China is taking steps to expand the offshore yuan pool by pushing a new model to boost international sales of its domestic bonds. Photo: CFOTO/Future Publishing via Getty Images
China is taking steps to expand the offshore yuan pool by pushing a new model to boost international sales of its domestic bonds. Photo: CFOTO/Future Publishing via Getty Images
Alibaba

From CXMT to Zhipu AI, Alibaba’s strategic investments are paying off

The company’s strategic shift to AI and chip investments is not only yielding significant returns, but also boosting its tech portfolio.

Wealth management

Sun Life targets Asia’s booming wealth transfer market with new platform

Insurer joins global scramble to serve Asian clients looking to transfer wealth to next generation via insurance products.

China stock market

As Musk loses US$130b, Chinese chip and AI founders’ fortunes rise

Surging stocks of CXMT, Zhipu and MiniMax create billions in wealth as world’s first trillionaire loses status amid SpaceX’s plunge.

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Elon Musk, CEO of Tesla, SpaceX, X, and xAI, became a trillionaire after SpaceX’s record US$75 billion initial public offering in June. Photo: DPA
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