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CK Asset chairman Victor Li Tzar-kuoi. Photo: Handout

Markets

CK Asset and Henderson Land say they face uncertainties in 2025

‘The global economy is expected to remain challenging in 2025’, says CK Asset chairman Victor Li Tzar-kuoi.

Chinese AI models led by DeepSeek catch up with US rivals at lower prices

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Hong Kong widens lead over Singapore as Asia’s top financial centre: report

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China Economy

Robot wars: why this week was a game-changer for the US-China humanoid race

From ‘kung fu bots’ to new production lines, the race to mass produce humanlike robots is accelerating on both sides of the Pacific.

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Unitree’s G1 robot performs a series of kung fu kicks in a demo video released in February. Photo: Unitree
Unitree’s G1 robot performs a series of kung fu kicks in a demo video released in February. Photo: Unitree

China Business

Chinese carmaker Geely’s profit soars 213% driven by EVs, asset sales

Geely sold 2.18 million vehicles last year, of which 1.76 million units were delivered on the mainland while 414,522 units were exported.

Business

Hutchison stays mum on plan to sell port assets amid Panama spat, China rebuke

No event that might require disclosure was identified, Hutchison said, leaving the onus on shareholders to question the directors at its AGM on May 22.

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Big Tech

Tencent’s AI splurge: China’s gaming giant poised for growth amid new focus

Tencent is using both DeepSeek and its own Yuanbao models, mirroring a diversified strategy that helped it dominate video gaming.

People walking past the Tencent headquarters in Shenzhen on July 10, 2022. Photo: AFP
People walking past the Tencent headquarters in Shenzhen on July 10, 2022. Photo: AFP

Business

Alibaba’s Joe Tsai, NWD scion Adrian Cheng to headline Hong Kong wealth summit

Other speakers include Steve Davis of the Gates Foundation and James Peng from Pony.ai.

Banking & Finance

Ontario Teachers’ departure is Hong Kong’s loss, Singapore’s gain

Canada’s third-largest pension fund will wind down its operations over the next 18 months, spokesman says.

Banking & Finance

Exclusive | Hong Kong key to StanChart’s US$200 billion new money target: CEO Winters

Bank is developing over 200 use cases for AI, including fraud detection and prevention, anti-money-laundering screening and new products.

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Standard Chartered CEO Bill Winters, at SCMP office in Causeway Bay on 17 March 2025. Photo: Jonathan Wong

China Business

Hong Kong stocks slide most in 3 weeks as rally shows signs of exhaustion

Investors disappointed after China leaves five-year and one-year loan prime rates stable at 3.6 per cent and 3.1 per cent, respectively.

Stock prices are displayed outside Exchange Square in Hong Kong. Photo: Reuters
Stock prices are displayed outside Exchange Square in Hong Kong. Photo: Reuters

Banking & Finance

Hong Kong banks keep their prime rates steady after HKMA, Fed hold fire

The Fed is seen cutting rates again by midyear, while Hong Kong banks may lower their prime rates by 0.125 percentage points.

Tech Trends

Chinese AI firms turn to Hong Kong as gateway to global markets

Executives from several companies expressed confidence in Hong Kong’s growing role in supporting China’s AI development.

Business

Towngas says tourism rebound, incoming mainland talent will drive sales in 2025

Towngas says its renewable energy business on the mainland was a strong profit contributor.

From left, Edmund Yeung Lui-ming, Towngas executive director and chief financial officer; Peter Wong Wai-yee, managing director; and Alan Chan Ying-lung, executive director and chief investment officer. Photo: Towngas

Business

Xpeng says robotics industry will get bigger than automotive sector

Xpeng plans to mass produce humanoid robots and flying cars for the consumer market by the end of next year.

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Workers at an Xpeng factory in Guangdong province. Photo: Xinhua
Workers at an Xpeng factory in Guangdong province. Photo: Xinhua

Business

Chinese Estates CEO, sister sell retail shops for US$16.7 million amid market stress

Chan Hoi-wan and her sister lowered their asking price by 7 per cent to close the deal for the Hong Kong retail shops on March 18.

Big Tech

Tencent fourth-quarter profit surges 90% as AI gamble pays off

Profit reaches US$7.1 billion for the quarter, while full-year profit rises to US$26.8 billion.

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Banking & Finance

In SAFE hands: China’s secret plan for US$1 trillion reserves fund in Hong Kong

Cheng Hao, the man involved in the rescue of China’s 2015 market crash, runs what is the world’s third largest wealth fund in Hong Kong.

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illustration by Pearl Law
illustration by Pearl Law

Banking & Finance

China’s 4 golden flowers: how Beijing invests its US$3.2 trillion reserves

The State Administration of Foreign Exchange entrusts managers in four ‘overseas offices’ to diversify its reserves and maximise returns.

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Business

Nicholas Tse, Stanley Ho’s family face falling property value amid market slump

Macau tycoon Stanley Ho’s family is selling a site in Tsim Sha Tsui, while actor Nicholas Tse’s shop in Central rented out at a big discount.

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Companies

Hong Kong property firm Gale Well trying to sell US$386 million in assets

Company is selling commercial properties in Admiralty, Tsim Sha Tsui and Causeway Bay, as well as luxury residential assets.

Gale Well Group vice-chairman and CEO Jacinto Tong Man-leung, pictured at his office in Wan Chai on February 25, 2025. Photo: Jonathan Wong
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OPINION
Christopher Tang

Opinion | Forget Doge, it’s Musk’s Tesla that looks in need of a rescue

Christopher Tang
Andy Cheng

Opinion | Hong Kong must ensure it won’t lose control of Northern Metropolis

Andy Cheng
Richard Harris

Opinion | As US political capital wanes, other assets aren’t far behind

Richard Harris
Nicholas Spiro

The View | Why investors are taking a second look at Chinese real estate

Nicholas Spiro
James McCormack

Opinion | A threat to sell US bonds may force Trump to rethink tariffs

James McCormack
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Anthony Rowley

Macroscope | Why dangerous debt dynamics aren’t catching up with economic policy

Anthony Rowley
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MULTIMEDIA
Video

How Alibaba.com is betting on AI to transform e-commerce

How Alibaba.com is betting on AI to transform e-commerce
11:13
Video

The small business concerns behind China’s ‘two sessions’

China’s ‘two sessions’: small businesses voice concerns as they face economic headwinds
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Video

Hong Kong-listed SenseTime to spin off healthcare platform

SenseTime plans to spin off healthcare platform in effort to capitalise on advanced LLMs
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Video

How Sands China is driving Macau 3.0

How Sands China is driving ‘Macau 3.0’ with NBA Legends, better infrastructure
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