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The fleet of BYD Denza Z9GT cars travelling from Rome to Hong Kong in Istanbul on June 23. Photo: Handout

China EVs

BYD showcases charging technology in 15,000km journey from Rome to Hong Kong

Chinese electric vehicle maker says journey was inspired by travels of Marco Polo more than 750 years ago.

Volkswagen China deliveries see 26% drop year on year to lowest point since 2010

Expanding AI, chip firms push up rents in Beijing’s hi-tech area

China Business

Star Market at 7: tech-centric exchange powers China’s innovation rise

Attracting capital behind breakthroughs in frontier fields, the market is a key part of Beijing’s drive for technology self-reliance.

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Illustration: Henry Wong
Illustration: Henry Wong

Big Tech

Shein receives approval for Hong Kong IPO from Chinese regulators

Beijing clears the online retail giant to seek an initial public offering in Hong Kong, after its plans to float in London and New York hit a dead end.

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China Economy

Chinese political journal calls for ‘patient capital’ amid AI investment frenzy

Communist Party journal runs three consecutive commentaries encouraging long-term perspective in funding for technological innovation.

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Business

Hong Kong keeps tight grip on housing land supply despite property rebound

Government will tender just one plot in Kowloon this quarter, as officials point to future supply from railway, redevelopment and Northern Metropolis projects.

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Development Secretary Bernadette Linn Hon-ho meets the media on the land sale programme for July to September 2026 at Central Government Offices in Tamar. Photo: SCMP/May Tse
Development Secretary Bernadette Linn Hon-ho meets the media on the land sale programme for July to September 2026 at Central Government Offices in Tamar. Photo: SCMP/May Tse

Banking & Finance

Why Payward chose Hong Kong to be its Asian stablecoin gateway

By setting clear rules, Hong Kong is pushing to become the world’s safest launch pad for the digital currency.

Tech War

Nvidia gets China boost, Iran ceasefire breaks, GDP release

This week: China allows limited imports of Nvidia H200 chips, the US and Iran resume attacks in the Middle East, and a Chinese submarine fires a test missile into the Pacific Ocean. Next week: Second-quarter GDP numbers come out, CXMT starts mainland IPO, Hong Kong Book Fair opens its doors, and more.

Markets

China’s appeal as portfolio diversifier grows: BlackRock strategist

‘China can provide exposure to different economic drivers,’ says Li Wei, the asset manager’s global chief investment strategist.

People walk on a street beneath a screen showing stock market and economic data in Shanghai on June 15. Photo: EPA

Banking & Finance

Hong Kong exchange lures listings from Canada, Indonesia, Kazakhstan

Bourse expected to see influx of international issuers in year’s second half, led by consumer goods and services companies, according to PwC.

National rail operator Kazakhstan Temir Zholy filed for a Hong Kong listing in June 30. Photo: Handout
National rail operator Kazakhstan Temir Zholy filed for a Hong Kong listing in June 30. Photo: Handout

Companies

Uniqlo defies sluggish China market with double-digit profit growth

Parent company Fast Retailing shrugs off a 0.6 per cent drop in China’s total retail sales amid frayed Beijing-Tokyo ties.

Banking & Finance

How the RMB Business Facility will help consolidate Hong Kong’s financial role

Quota expanded to 500 billion yuan from Friday, with tenor increased to two to three years, up from one.

Business

Hong Kong’s 5-star resilience: city’s luxury hotels pull ahead of competition

Robust demand spurs investment activities in the luxury-hotel segment, and transactions have seen strong growth across the Asia-Pacific region since 2017.

Hong Kong’s Victoria Harbour is seen from Lugard Road at The Peak in June. Photo: Karma Lo

China EVs

China’s Xiaomi gears up for EV sector scrap with new SUVs, extended-range plans

The company’s Sky Nomad SUV announcement is leading analysts to predict the new models will include long-range batteries to stay ahead of rivals.

The Xiaomi logo appears on a new‑generation SU7 electric sedan ahead of a launch event in Beijing. Photo: Reuters
The Xiaomi logo appears on a new‑generation SU7 electric sedan ahead of a launch event in Beijing. Photo: Reuters

Markets

Hong Kong small-cap IPOs struggle as market chases megadeals like Zhipu AI

Smaller firms face a liquidity squeeze amid AI-related stock profit-taking, which drags down IPO market sentiment.

Tech

Chinese chipmaker CXMT set for US$4.3b IPO, riding memory boom

Listing would rank behind only SMIC’s on Shanghai’s Star Market, as AI demand boosts memory-chip market.

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China Business

China’s drug makers are speeding up – will AI be their secret weapon?

Chinese biotech firms are striking big global deals as drug makers, but could artificial intelligence take them to the next level?

Illustration by Henry Wong
Illustration by Henry Wong

Markets

Can Hong Kong’s listing reform 2.0 win over innovative firms?

The reforms enhance the city’s appeal for AI, biotech and other firms by slashing the market cap threshold and enabling confidential filings.

Big Tech

Competition or ‘co-opetition’: how is convergence shaping Sino-US AI race?

Speech by CEO of Chinese AI start-up at Nvidia event in US highlights symbiotic nature of tech relationship despite geopolitical tensions.

China EVs

How China’s EV makers think they can outrun disastrous price wars

At Beijing’s urging, an industry largely built on discounting must hold the line on prices and convince buyers to pay for better technology.

Illustration: Lau Ka-kuen
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OPINION
Jeffrey Wu

Opinion | Are the US’ AI models better than China’s? That may be beside the point

Jeffrey Wu
Winston Mok

Opinion | To boost manufacturing, India need not choose between Japan and China

Winston Mok
5
Li Xing,Rong Dan

Opinion | EU should think twice before weaponising its market against China

Li Xing
Rong Dan
8
Alex Lo

As I see it | US Anthropic ban is best advert for Chinese AI

Alex Lo
7
Djoomart Otorbaev

Opinion | Geopolitics is complicating the green transition – and China’s moment

Djoomart Otorbaev
Chow Chung-yan

Opinion | Can Hong Kong make a giant leap to commercial space insurance?

Chow Chung-yan
4
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MULTIMEDIA
Video

Could the world’s second trillionaire come from China?

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02:56
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How China’s malls are trying to stay relevant

Wire
02:34
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Pony.ai set to further open China’s autonomous-driving frontier

Pony.ai
07:39
Video

What’s behind HSBC’s privatisation of Hang Seng Bank?

HAng Seng
04:37
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