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BYD displays one of its luxury models at Auto China in Beijing on April 24. Photo: Reuters
Electric & new energy vehicles

Can China’s car market absorb 156 new models? Analysts warn of new price war

A record wave of launches – mostly EVs – threatens to overwhelm demand, forcing smaller players into a fight for survival.

Hong Kong stock market

HKEX pushes deeper into index business as AI reshapes Hong Kong market

Electric & new energy vehicles

Top CATL boss cools expectations over next major leap in EV batteries

Banking & finance

Southbound Stock Connect flows surge to record US$152b amid Hong Kong IPO boom

Average daily southbound turnover soared 84 per cent year on year to HK$124.1 billion, equal to 24 per cent of city’s total market turnover.

An exterior view of the Hong Kong stock exchange in Central on March 13, 2026. Photo: Jelly Tse
An exterior view of the Hong Kong stock exchange in Central on March 13, 2026. Photo: Jelly Tse
Hong Kong stock market

Hong Kong stocks rebound from choppy trading triggered by turmoil in US

Hang Seng Index bounces back after overnight plunge in Nasdaq-100 on concerns about frothy tech valuations.

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China’s private sector

China is fretting over a demographic crisis – but what companies might benefit?

Goldman Sachs says pharmaceutical, biotech sectors could see strongest tailwinds, while car industry, tech hardware makers may struggle.

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China’s private sector

China’s biotech boom: record 5,215 clinical drug trials reported in 2025

Cancer treatments remain the top research focus as Beijing’s drive to make biotech a strategic industry draws attention in Washington.

Cancer research being conducted in a modern lab. Cancer treatments remained the top focus of the record 5,215 clinical drug trials in China last year. Photo: Shutterstock
Cancer research being conducted in a modern lab. Cancer treatments remained the top focus of the record 5,215 clinical drug trials in China last year. Photo: Shutterstock
Millionaires, billionaires and trillionaires

What’s powering the rapid rise of Hong Kong’s ultra-wealthy class?

The city’s ultra-wealthy population jumped by more than 26 per cent in 2025 – roughly one super-rich individual for every 412 residents.

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Banking & finance

Hongkongers aim for self-sufficient old age, but survey finds ‘readiness gap’

90 per cent say financial independence a priority, but only 52 per cent investing to fund retirement and care needs.

ETFs

Is FOMO driving South Korean investors to Hong Kong to cash in on AI and chips?

Some South Korean retail investors are turning to Hong Kong’s leveraged semiconductor ETFs for higher AI-driven returns.

Some South Korean investors are still looking to Hong Kong to invest in AI and semiconductors via ETFs despite Seoul's announcement on May 27 that it had lifted the single-stock leverage ban. Photo: Sun Yeung
China property

Have China home prices hit bottom? Some buyers are hunting bargains

It’s a buyer’s market as signs of recovery in first-tier cities return bargaining power to home purchasers amid policy easing.

Suzhou Creek in Shanghai, where new home prices inched 0.2 per cent higher in May and second-hand home sales hit a five-year high in March with more than 31,000 properties changing hands. Photo: Getty Images
Suzhou Creek in Shanghai, where new home prices inched 0.2 per cent higher in May and second-hand home sales hit a five-year high in March with more than 31,000 properties changing hands. Photo: Getty Images
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

Battery-based grid storage is set for 150 per cent growth in China, as Beijing prioritises energy security and firms eye global markets.

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Banking & finance

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

HKEX chief Bonnie Chan says global investors remain focused on China’s innovation story.

Hong Kong Exchanges and Clearing CEO Bonnie Chan. Photo: Handout
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.

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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
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