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Business

Wang Huimin, a former official at the China Securities Regulatory Commission, is sentenced at a court in Chengdu, China’s southwestern Sichuan province. Photo: CCTV

Banking & Finance

China hands former regulator suspended death sentence over US$65m bribery charge

Former CSRC official Wang Huimin receives death penalty with two-year reprieve after admitting to taking vast bribes while in office.

Why does Anthropic’s IPO prospectus have so many China ‘risk factor’ warnings?

China’s Hengrui posts 89% rise in third-quarter net profit, beating estimates

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China Business

China’s Pop Mart reports 45 to 50% revenue decline as Labubu sales weaken

The steep drop in digital and overseas operations comes as investors question the long-term demand for the collectible dolls.

A Pop Mart shop in Shanghai displays a Labubu toy. Photo: AFP
A Pop Mart shop in Shanghai displays a Labubu toy. Photo: AFP

Economy

How AI powered ByteDance’s founder to a record fortune and drove wealth surge

DeepSeek’s Liang Wenfeng debuts on the China list at No 7 as AI chipmaker Cambricon’s Chen Tianshi breaks into the top 10.

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Business

Rental income prospects boost grade A office market in core Hong Kong districts

Centaline Commercial executive says they are ‘the most sought-after asset class within the commercial and retail property sector’.

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Banking & Finance

‘Depth and breadth’, strong liquidity anchor China stock outlook: JPMAM

China, Hong Kong stocks lag regional AI rally but outlook remains positive as selective stock-picking uncovers double-digit growth.

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Ayaz Ebrahim, chief executive officer of J.P. Morgan Singapore, Southeast Asia and India. Photo: Handout
Ayaz Ebrahim, chief executive officer of J.P. Morgan Singapore, Southeast Asia and India. Photo: Handout

Big Tech

Moonshot apologises after botched Kimi K3.1 Pro launch, restores user quotas

It is not the first time the Chinese AI start-up has faced challenges serving its models because of computing constraints.

China Business

China stocks could slide 15% before bottom, Morgan Stanley says

Quick rebound from last week’s drop unlikely as conditions exacerbate ‘negative momentum’, investment bank says.

Companies

HSBC shares drop 5.6% despite strong quarterly profit, US$1b buy-back

Investors sell after net interest income falls US$2.6 billion short of analysts’ estimate.

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Pedestrians walk past the lion statues outside HSBC’s Hong Kong head office in Central. Photo: Elson Li

Banking & Finance

Hong Kong market faces fundraising test after fourth IPO pulled since midyear

Last-minute pullbacks highlight investor caution both in the city’s listings market and abroad.

A general view of Exchange Square in Central, where the Hong Kong Exchanges and Clearing is located. Photo: Nora Tam
A general view of Exchange Square in Central, where the Hong Kong Exchanges and Clearing is located. Photo: Nora Tam

China EVs

China grants permits to VW joint venture and Xpeng as driverless car race builds

The latest approvals push the global robotaxi sector closer to a projected US$1 trillion market by 2040.

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Business

Behind the Sheraton sale: a window into Hong Kong’s new restructuring reality

Receivers say they extracted higher bids in the final stages while managing the cross-border fallout from mainland China’s property downturn.

Europe

EU to slap new fee on non-bloc parcels to curb influx from China

€2 handling charge arrives ahead of peak holiday shopping rush, piling onto earlier import duties.

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Small parcel shipments from China will face a new EU handling charge starting November 1. Photo: Shutterstock

China Economy

China’s tax bureaus issue disclosure orders amid offshore asset ultimatum

With the 90-day grace period now expired, officials are attempting to spur voluntary reporting of ownership, documentation.

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People walk through a garden in Beijing on October 18. Photo: AP
People walk through a garden in Beijing on October 18. Photo: AP

China Business

Chinese biotech giant WuXi AppTec raises 2026 outlook after profit surge

Strong demand for drug development drove the forecast, though the firm faces ongoing scrutiny from Washington.

Banking & Finance

In a global first, Hong Kong opens secondary trading for tokenised public funds

Investors can now trade tokenised money market funds round the clock under Hong Kong’s latest fintech push.

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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
Hugh Harsono

Opinion | China’s offshore tax crackdown could inadvertently fuel a digital dollar boom

Hugh Harsono
Tan Poh Hwee

Opinion | Better protection needed as violent cryptocurrency robberies surge

Tan Poh Hwee
4
Djoomart Otorbaev

Opinion | China is no longer just the world’s factory. It’s the HQ

Djoomart Otorbaev
Alex Lo

My Take | How Beijing is neutralising Washington’s sanctions machine

Alex Lo
12
Nicholas Spiro

Macroscope | Who has the upper hand in financial markets, the US or China?

Nicholas Spiro
4
Andy Xie

Opinion | Bad money decisions are coming home to roost for the US and Japan

Andy Xie
8
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MULTIMEDIA
Video

Starbucks Malaysia changed the game for deaf baristas

03:00
Video

Evergrande boss Hui Ka-yan sentenced to life in jail

CCTV
01:29
Video

Could the world’s second trillionaire come from China?

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02:56
Video

How China’s malls are trying to stay relevant

Wire
02:34
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