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The Shein logo inside its stall at the Bazar de l’Hotel de Ville (BHV) department store in Paris, France. Photo: AFP

Europe

France takes aim at ultra-fast fashion with new levy targeting Asian e-commerce

From Tuesday, France will impose a fee on items that will eventually reach US$2.32 per garment, targeting platforms including Shein and Temu.

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As China-EU trade talk deadline nears, ex-Brussels official adopts bullish tone

Chinese AI firm Z.ai posts 400% revenue jump as total losses narrow

China Business

PetroChina’s first-half profit jumps 22% despite Iran war oil supply crunch

As LNG and EV adoption bite into traditional fuel sales, higher global crude prices help the state-backed giant deliver strong earnings.

The PetroChina logo is displayed on a smartphone screen. Photo: Shutterstock
The PetroChina logo is displayed on a smartphone screen. Photo: Shutterstock

Business

Hong Kong leads Asia in start-up potential, ranks fifth globally: study

City shows growing strength in nurturing scalable ventures and unicorns, CB Insights study says.

Business

Hot property: Big banks, fashion stores seek ‘cheaper’ top Hong Kong retail

HSBC to open its first flagship operation at the Capitol Centre, where market sources say the rent is much lower than its previous tenancy.

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Banking & Finance

China’s 6 biggest state banks log rare joint gains in revenue and profit

Half-year results rise across China’s largest state-owned lenders amid tentative signs of margin stabilisation.

The six banks, including CCB, together generated more than US$297 billion in operating income for the first half. Photo: Shutterstock
The six banks, including CCB, together generated more than US$297 billion in operating income for the first half. Photo: Shutterstock

Money

Hong Kong retains title as Asia’s top billionaire hub amid AI-fuelled boom

Last year, Beijing had 61 billionaires, while Shenzhen and Dubai tied for eighth place with 43 billionaires each.

China Business

China, US bond markets diverge as Warsh strikes hawkish tone at Jackson Hole

Strong momentum is predicted to drive the yield on China’s 10-year government bonds to a low of 1.65 per cent, according to analysts.

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Commodities

In Focus | Hong Kong is trying again to be a gold trading hub. Will it succeed this time?

De-dollarisation tailwinds, ecosystem buildout and mainland China’s support plus foreign backing give city’s ambitions credible momentum.

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Illustration: Dennis Yip

Banking & Finance

Why Citi’s China-US corporate activity remains resilient despite trade headwinds

Chinese firms lean on global banks to manage trade friction and expand supply chains, keeping corporate activity resilient, Citi says.

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Mainland Chinese firms rely on global institutions to navigate financial friction with the US, according to Citi. Photo: AFP
Mainland Chinese firms rely on global institutions to navigate financial friction with the US, according to Citi. Photo: AFP

Business

Can Hong Kong expect to see fewer creditor-led commercial property sales?

City’s office and retail property segments have been mired in a multi-year slump that has triggered loan defaults.

Business

JD.com’s expansion could test Hong Kong’s footfall-driven retail property model

Chinese e-commerce firm builds network of stores and warehouses that analysts say may reduce reliance on footfall for some retailers.

China Business

Chinese authorities tell carmakers to focus on quality, not tech offerings

Vice-minister says that to ensure safety, new technologies that fail to pass stricter approval procedures will be barred from market.

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The cockpit of a Xiaomi SU7 EV. Photo: Shutterstock

Banking & Finance

Hong Kong’s long-term wealth hub status safe from mainland curbs: JPMorgan exec

The investment bank’s North Asia chairwoman downplays regulatory hurdles – and views the city’s rivalry with Singapore in ‘win-win’ terms.

Kwang Kam-shing, CEO of JPMorgan Hong Kong, poses for a picture in Central. Photo: Edmond So
Kwang Kam-shing, CEO of JPMorgan Hong Kong, poses for a picture in Central. Photo: Edmond So

China EVs

BYD posts US$1.2 billion profit in second quarter on surging global demand

The Chinese EV giant beat market estimates in the second quarter, as booming exports helped offset a prolonged decline in the domestic market.

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Banking & Finance

HKEX Tech 100 adds Pony AI, WeRide in index revamp targeting AI stocks

The revision is designed to help the tech index recover from an underwhelming first half by tapping a new generation of Chinese AI firms.

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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
Nicholas Spiro

Macroscope | US markets are paying the price for Trump’s reckless policies

Nicholas Spiro
18
Nicholas Spiro

Macroscope | Japan isn’t the only Asian economy giving bond markets a headache

Nicholas Spiro
Zhang Wan,Nie Zhengyu

Opinion | Chinese treasury futures launch cements Hong Kong as premier yuan hub

Zhang Wan
Nie Zhengyu
Andy Xie

Opinion | Just like with the yen, America cannot save the AI bubble

Andy Xie
4
Matteo Giovannini

Opinion | Beijing’s offshore insurance tax tests Hong Kong wealth management

Matteo Giovannini
Nicholas Spiro

Macroscope | US efforts to prop up the yen risk doing more harm than good

Nicholas Spiro
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MULTIMEDIA
Video

Evergrande boss Hui Ka-yan sentenced to life in jail

CCTV
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
Video

Pony.ai set to further open China’s autonomous-driving frontier

Pony.ai
07:39
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