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In focus: Chinese biotech firms such as Jiangsu Hengrui Pharmaceutical are navigating growing geopolitical scrutiny as cross-border licensing deals continue to expand. Photo: Shutterstoc
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.

CATL

China leads charge in energy storage, powered by battery progress

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Banking & finance

Global investors still in China’s orbit despite SpaceX IPO: HKEX chief

Banking & finance

AI boom sparks Kingboard subsidiary’s US$1.5b stake sale to ramp up PCB capacity

AI server backlogs and supply chain strains push Kingboard to tap markets and expand circuit board output.

Kingboard Laminates Holdings is one of the world’s biggest makers of laminate materials used in circuit boards for AI servers. Photo: Shutterstock
Kingboard Laminates Holdings is one of the world’s biggest makers of laminate materials used in circuit boards for AI servers. Photo: Shutterstock
Electric & new energy vehicles

Geely Auto to curb excess capacity amid overhaul to boost carmaker’s global edge

Company chairman eyes plant mergers and a formal succession road map as the firm rejects price wars to focus on international growth in rivalry with BYD.

videocam
Wealth management

Hong Kong gazettes tax break for fund manager bonuses to boost wealth hub role

The tax reform bill, which the government expects will attract talent to the city, is set to be read by lawmakers on June 24.

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IPO

As Musk becomes first trillionaire from SpaceX IPO, will next come from China?

As the initial public offering sees Musk become the first ever trillionaire, China is also seeing growth in its tech uber-rich.

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Elon Musk in Beijing on May 14. Photo: AP
Elon Musk in Beijing on May 14. Photo: AP
Electric & new energy vehicles

EVs capture two-thirds of China’s car market in record-breaking week

Despite subsidy cuts, electric vehicles reached a new sales milestone in mainland China as petrol-powered rivals continued to lose ground.

Hong Kong Monetary Authority (HKMA)

Hong Kong, Indonesia move towards direct transactions in yuan, rupiah

Agreement between People’s Bank of China, HKMA and Bank Indonesia aims to enhance efficiency and encourage use of the currencies.

Electric & new energy vehicles

BYD powers past Geely as oil shock charges up global EV demand

Strong overseas demand for battery-powered cars helped BYD recover from a first-quarter setback and retake pole position.

Shanzhen-based EV assembler BYD lost its title as mainland China’s largest carmaker in the first quarter of 2026, but has since rebounded as rising oil prices powered demand for electric vehicles. Photo: Reuters
Hong Kong property

US fintech firm iCapital doubles prime office space in Hong Kong

Company leases a 9,000 sq ft space in One IFC in Central, with an eye towards doubling its staff amid rising demand for wealth services.

A general view of Central district and Victoria Harbour waterfront. 06OCT23 SCMP/Edmond So
A general view of Central district and Victoria Harbour waterfront. 06OCT23 SCMP/Edmond So
Banking & finance

Hong Kong rolls out incentives to boost role as a corporate treasury hub

Plan expands tax concessions and introduces pre-approval mechanism to lure multinationals to manage capital and risk in the city.

Electric & new energy vehicles

China’s EV giants challenge Tesla in race to commercialise humanoid robots

After years of competing with Tesla in electric vehicles and self-driving technology, Chinese manufacturers are targeting humanoid robots.

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Wealth management

International firms bet big on Hong Kong’s US$2.95 trillion wealth hub status

City’s offshore wealth market is thriving as AXA and Standard Chartered target high-net-worth clients despite regulatory tightening.

Sally Wan, CEO of AXA Greater China, said the insurer is targeting high-net-worth clients. Photo: Edmond So
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.

Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen
Electric & new energy vehicles

Why foreign marques are struggling to keep pace with Chinese EV demand

Domestic brands surge on fresh incentives and better batteries, while foreign carmakers fail to sustain their earlier market share.

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.

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Wealth management

Hong Kong’s proposed fund talent tax break set to sharpen edge over Singapore

Incentive will give Hong Kong the lowest tax rate globally for fund managers whose income is largely driven by performance fees, sources say.

The measure is poised to make Hong Kong the first major Asian financial centre to grant tax relief on such bonuses. Photo: Eugene Lee
The measure is poised to make Hong Kong the first major Asian financial centre to grant tax relief on such bonuses. Photo: Eugene Lee
Electric & new energy vehicles

China’s BYD, Chery chart 80% growth overseas as EV demand spikes

‘Eye-catching’ numbers show efforts paying off amid growing brand recognition abroad and tepid sales at home, analysts say.

Electric & new energy vehicles

Tesla’s China sales surge to 2026 high, but rivals crowd the rear-view mirror

Tesla’s China sales rebounded in May on financing incentives and stronger demand, but local competitors are gaining momentum.

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
Banking & finance

Hong Kong’s record insurance sales risk cooling under cross-border capital curbs

Insurers brace for impact from stricter cross-border rules, with the Insurance Authority stepping up oversight of mainland visitor purchases.

An insurance sales agent looks for customers in Tsim Sha Tsui, Hong Kong. Photo: Eugene Lee
An insurance sales agent looks for customers in Tsim Sha Tsui, Hong Kong. Photo: Eugene Lee
HKEX

As Hong Kong stock exchange turns 40, can the chip supercycle keep IPOs flowing?

US$6.1 trillion exchange marks its 40th year amid fierce global competition, as brokers see challenges sparking opportunities.

China property

China’s property developers see hope in massive urban renewal plan

Plan for 2026 to 2030 includes upgrades to pipelines, drainage, dilapidated homes, and facilities for education and elderly care.

Bonds

China’s first green bond sale in Hong Kong aims to raise US$886 million

Country looking to issue offshore sovereign green bonds and tap global capital to invest in green development.

Wind turbines tower above a solar farm near Weifang, Shandong province, Photo: AP
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