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Xpeng’s X2 flying car is displayed at the Gaikindo Indonesia International Auto Show in Tangerang, Banten, Indonesia, in July 2025. Photo: Shutterstock
Electric & new energy vehicles

How Tesla’s AI shift is prompting Chinese rivals to expand tech offerings

As Tesla diversifies into humanoid robots and self-driving cars, its Chinese competitors are also moving into flying cars, robots and chips.

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Hong Kong stock market

Hong Kong stocks end 7-day rally as investors resort to profit-taking

Hong Kong stock market

Hong Kong stocks rise for seventh day, briefly cross 28,000 mark

Hong Kong Monetary Authority (HKMA)

Hong Kong’s Exchange Fund reports record earnings in 2025

The Exchange Fund’s full-year earnings jumped 51 per cent to HK$331 billion (US$42 billion), from HK$218.8 billion in 2024.

The Exchange Fund, Hong Kong’s war chest to defend the local currency, posted stellar returns last year. Photo: Antony Dickson
The Exchange Fund, Hong Kong’s war chest to defend the local currency, posted stellar returns last year. Photo: Antony Dickson
Banking & finance

Hong Kong’s US$8 billion wealth fund eyes fintech, aerospace and AI for growth

The Hong Kong Investment Corporation will use the city’s advantages amid global competition, geopolitical challenges, CEO Clara Chan says.

China manufacturing

Over 70% of European firms in China review supply chain strategies: survey

The findings show how European firms must maintain a delicate balancing act between China’s tight security and focus on self-reliance.

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Mergers & Acquisitions

China’s Anta snags Puma from France’s Pinault family in US$1.8 billion deal

China’s largest sportswear firm is acquiring 29 per cent to become Puma’s biggest shareholder while strengthening its global expansion.

The acquisition of Puma will accelerate Anta’s multi-brand globalisation strategy, according to the Chinese sportswear brand. Photo: Reuters
The acquisition of Puma will accelerate Anta’s multi-brand globalisation strategy, according to the Chinese sportswear brand. Photo: Reuters
Hong Kong stock market

Upbeat China industrial profit data lifts Hong Kong stocks for a fifth day

Profit at China’s industrial firms rose 5.3 per cent year on year in December, versus a drop of more than 13 per cent in November.

Electric & new energy vehicles

Xpeng targets overseas sales surge in 2026 as China EV battle goes global

Guangzhou-based EV maker targets more than 90,000 overseas deliveries this year amid fierce competition at home.

Robotics

China’s Eyou opens world’s first automated line for humanoid robot joints

Manufacturer adds line in anticipation of surge in global demand for humanoid robots, with one estimate projecting 100,000 shipments by 2027.

Eyou supplies domestic humanoid robot makers, including AgiBot. Photo: AFP
Hong Kong stock market

Hong Kong stocks search for direction amid geopolitical concerns

Gold crosses US$5,000 for the first time amid mounting geopolitical uncertainty and growing investor aversion to major currencies.

Bull statues are seen outside the Hong Kong stock exchange. Photo: Reuters
Bull statues are seen outside the Hong Kong stock exchange. Photo: Reuters
Banking & finance

US asset manager Federated Hermes moves ahead with Hong Kong office plan

Office in city is ‘vital’ to service financial institutions ‘where they’re seeing a lot of their growth’, executive says.

Banking & finance

UBS, Citigroup, Morgan Stanley boost bonus for investment bankers by 20%

Fundraising on the Hong Kong stock exchange reached US$37.22 billion last year, the highest since US$42.97 billion in 2021.

Electric & new energy vehicles

Chinese carmaker BYD chases 24% export growth with new models, more showrooms

Shenzhen-based company expects to sell 1.3 million cars this year outside mainland China.

Cars unloaded from the ship BYD Changzhou await further movement at a port in Argentina on January 19, 2026. Photo: AFP
Banking & finance

Exclusive | Singapore Exchange hints at deeper ties with HKEX: can yuan business open doors?

SGX CEO also hopes to launch an international board with Nasdaq later this year and expand cross-trading schemes with mainland China.

Loh Boon Chye says connectivity is the new architecture for capital markets. Photo: Enoch Yiu
Loh Boon Chye says connectivity is the new architecture for capital markets. Photo: Enoch Yiu
Insurance

Wealthy investors propel Hong Kong life insurance sales to another peak

The industry wrote US$34 billion worth of life policies in the first nine months of last year.

Banking & finance

Global funds, from BlackRock to Temasek, back China’s largest biotech firms

Global institutional investors have built up sizeable positions in firms including Innovent, 3SBio, WuXi Biologics, Jiangsu Hengrui, Akeso and BeOne.

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Electric & new energy vehicles

China’s flying car makers aim for deliveries this year as passenger use nears

China’s ‘low-altitude economy’ is shifting from concept demos to commercial planning amid surging orders.

An eVTOL vehicle from AutoFlight Group is designed to hover like a helicopter but transition to winged flight for horizontal movement. Photo: Handout
An eVTOL vehicle from AutoFlight Group is designed to hover like a helicopter but transition to winged flight for horizontal movement. Photo: Handout
Bonds

Japan bond volatility raises contagion alarm for Asia’s stocks and debt

Japan’s yield spike is testing safe-haven assumptions, with markets debating whether the movement is local or systemic.

Biomedicine: Industry Trends

Harbour BioMed stake in US drug developer shows Chinese firms’ growing clout

Latest example of Chinese drug maker acquiring equity in overseas partner shows they are becoming true development partners, analysts say.

Electric & new energy vehicles

Chinese EV makers’ outlook overseas improves as Europe levels the playing field

Europe’s 33 per cent EV sales growth outpaces the mainland in 2025, while Germany launches a US$3.5 billion subsidy programme.

A BYD Seal is displayed at the Brussels Motor Show on January 9, 2026. Photo: EPA
HKEX

New energy, AI, EV and biotech to drive Hong Kong IPO growth: HKEX

11 companies raised US$4 billion in Hong Kong in the first three weeks of 2026, with hundreds more lining up to list, Bonnie Chan says.

HKEX will continue to help innovators access capital more efficiently, says Bonnie Chan. Photo: Edmond So
HKEX will continue to help innovators access capital more efficiently, says Bonnie Chan. Photo: Edmond So
IPO

China’s Busy Ming to test investor appetite with Hong Kong IPO

Snack and drink retailer aims to raise up to US$428 million, but listing plan comes amid weak mainland domestic demand.

Made in China 2025

Exclusive | China challenges US in AI drug race, but rivals still reliant on each other

While US biotech firms increase use of Chinese clinical data, Chinese firms need US counterparts for monetisation, investor and scientist says.

China stock market

China’s securities regulator clamps down on speculation to prevent sharp swings

CSRC signals it wants a slower but longer stock market rally after trading volumes and margin financing hit record highs.

Regulators are moving to cool pockets of overheating in the A-share market following a strong start to 2026. Photo: AFP
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