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Contemporary Amperex Technology’s Gao Huan, chief technology officer for EV business, speaks at CATL Tech Day in Shanghai on April 21, 2025. Photo: AFP
Electric & new energy vehicles

CATL to mass-produce cheaper, efficient sodium-ion EV batteries

The new Naxtra-brand batteries would enable an electric vehicle to travel up to 500km (310 miles) on a single charge.

Family offices

Exclusive | Hong Kong needs more museums, talent to promote art trading

China stock market

Chinese stocks rise by most in a week on stimulus hopes

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HKEX

HKEX’s move to explore cutting stock trading settlement time gains broad support

With the US and Canada cutting their settlement time, and the UK and Europe planning to follow suit, Hong Kong has to keep up, analysts say.

The average daily turnover in Hong Kong in the first quarter jumped 144 per cent year on year to HK$242.7 billion, according to HKEX data. Photo: Reuters
The average daily turnover in Hong Kong in the first quarter jumped 144 per cent year on year to HK$242.7 billion, according to HKEX data. Photo: Reuters
US-listed Chinese stocks

Chinese companies’ ADRs at risk if US severs market ties: Goldman

Companies with high retail exposure, such as Alibaba, are more susceptible to sell-offs if they are forced to delist, Goldman says.

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Fintech

Digital wallets are finally taking hold in Hong Kong, report shows

A survey found that 42 per cent of Hongkongers use Alipay and 22 per cent use Apple Pay, but credit cards are likely to remain relevant.

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Wealth management

Smell of success: fresh Malaysian durians are taking bite out of China’s market

While Thailand dominates durian sales in China, sales of the Malaysian fruit have grown tenfold from last year, industry insiders say.

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Fresh durians from Malaysia displayed at a supermarket in Zhengzhou on August 25, 2024. Photo: Xinhua
Fresh durians from Malaysia displayed at a supermarket in Zhengzhou on August 25, 2024. Photo: Xinhua
Banking & finance

Tightened rules to shut many LGFVs out of Shanghai bond market, Fitch says

China has pledged to trim debts among local government financing vehicles by 2.3 trillion yuan (US$315 billion) by 2028.

Electric & new energy vehicles

EVs | China to crack down on EV self-driving technology, ‘autonomous driving’ claims

Beijing warns EV makers and technology providers to adhere to development rules and take care not to overstate capabilities.

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Hong Kong economy

Exclusive | Yacht haven: Hong Kong aims to be growth hub for leisure-boat industry

Government policies and planned marina will make the city a centre for the industry’s growth, experts say.

Attendees check out yachts at the Singapore Yachting Festival 2025 on April 10, 2025. Photo: Aileen Chuang
Family offices

‘Your capital is safe’ in Hong Kong, financial secretary reassures family offices

The China-US tariff war underscores Hong Kong’s soundness as a stable destination for wealthy families’ investments, Paul Chan says.

Financial Secretary Paul Chan Mo-po speaks at the Deutsche Bank Emerging Markets Family Office Forum in Hong Kong on April 16, 2025. Photo: Handout
Financial Secretary Paul Chan Mo-po speaks at the Deutsche Bank Emerging Markets Family Office Forum in Hong Kong on April 16, 2025. Photo: Handout
Banking & finance

Wealthy investors look to Europe, Asia amid US tariff risks: Deutsche Bank

Conversations around diversification and hedging have grown since US tariffs became a reality, Deutsche Bank executive says.

Banking & finance

Exclusive | HSBC to offer anti-ageing treatments, medical check-ups at Hong Kong wealth hub

The wealth centre, which will open in the second half, is aimed at the growing silver economy, HSBC Life’s Daisy Tsang says.

Electric & new energy vehicles

China’s CATL joins with Sinopec to build EV battery-swapping network

World’s top maker of EV batteries and oil giant aim to build a ‘battery-swapping ecosystem across the whole nation’.

A sign of battery manufacturer CATL is pictured at its booth at the Beijing International Automotive Exhibition in Beijing on April 25, 2024. Photo: Reuters
Donald Trump

Trump’s trade war sends dollar to 6-month low, sparking investor concerns

The Bloomberg Dollar Spot Index has fallen about 6.1 per cent this year, on track for its biggest annual loss since 2017.

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The Bloomberg Dollar Spot Index fell for a fifth day on Monday, losing a total of 3.3 per cent during that stretch. Photo: EPA-EFE
The Bloomberg Dollar Spot Index fell for a fifth day on Monday, losing a total of 3.3 per cent during that stretch. Photo: EPA-EFE
Electric & new energy vehicles

Exclusive | Xpeng to use own Turing AI chip to power its self-driving cars this quarter

Xpeng’s Turing AI chip is three times more powerful in computing power than the Nvidia chip installed in its existing EVs.

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US-listed Chinese stocks

‘Extreme’ US-China decoupling could cost US$2.5 trillion, Goldman warns

Threat of decoupling emerged after Treasury Secretary Scott Bessent said delisting of US-traded Chinese companies was back on the table.

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Banking & finance

Battered dollar drifts lower on tariff nerves

Investor confidence in the world’s reserve currency in question following stream of tariff pronouncements from US President Donald Trump.

US dollar and euro notes are pictured on September 6, 2022 in Brest, western France. Photo: AFP
US dollar and euro notes are pictured on September 6, 2022 in Brest, western France. Photo: AFP
China property

Can demand for upscale homes in Shanghai spark a broader market recovery?

While prices of upscale units in Shanghai rose 5 per cent quarter on quarter, overall market prices fell 4 per cent year on year in March.

Donald Trump

Investors urged to diversify amid Trump’s tariff war and market volatility

Experts urge investors to diversify into alternative assets like private credit for stability and growth.

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Banking & finance

US delisting of Chinese stocks may make Hong Kong great again

A total of 286 Chinese firms are listed in the US with a total market capitalisation of US$1.1 trillion.

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An exterior view of the New York Stock Exchange (NYSE). A total of 286 mainland Chinese companies are listed on US exchanges including NYSE. Photo: AFP
Electric & new energy vehicles

Tesla halts importing Model S and X in China as buyers balk at tariffs

Tesla has stopped taking orders to import the US-made models to China; to persuade buyers to consider the Shanghai-made Model Y and Model 3.

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Tesla’s Model 3 on display at a showroom in Beijing. Photo: EPA-EFE
Tesla’s Model 3 on display at a showroom in Beijing. Photo: EPA-EFE
China stock market

Trade war may derail corporate earnings recovery in China, Morgan Stanley says

US investment bank sees downside risk to its bet on corporate earnings recovery in 2025 as the US-China tariff war escalates.

Electric & new energy vehicles

China’s auto-parts makers could face biggest risk from tariff war fallout

At biggest risk US$13.6 billion worth of components which China ships to the US annually.

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Hong Kong stock market

Hang Seng Index trims some losses in worst week in years amid trade war

Traders are bracing for more trade hostility after the White House clarified that US tariffs on Chinese goods stood at 145 per cent.

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A trader works on the floor of the New York Stock Exchange on April 9, 2025. Stocks fell again on Thursday as traders brace for more trade hostility. Photo: AFP
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