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A man walks past a luxury store in Beijing’s financial district. Photo: AFP

Banking & Finance

Louis Vuitton, Gucci owners face tough times in China amid trade war, property slump

Chinese consumers’ spending on luxury goods has been affected by falling property prices and uncertainties over the trade war, analyst says.

1 hour ago

Tightened rules to shut many LGFVs out of Shanghai bond market, Fitch says

18 Apr 2025 - 9:08PM

Apple’s China smartphone shipments fall in first quarter ahead of Trump’s tariffs

18 Apr 2025 - 9:00PM

Tech War

Tech war: founder of Chinese chip equipment maker AMEC renounces US citizenship

The change of citizenship for AMEC’s Gerald Yin Zheyao, 81, comes amid the escalating tech war between the world’s two largest economies.

18 Apr 2025 - 8:00PM

The Shanghai headquarters of semiconductor gear maker Advanced Micro-Fabrication Equipment. Photo: SCMP

Big Tech

Shein, Temu to increase US prices next week, reflecting new tariffs

In nearly identical statements, Shein and Temu said prices would increase following US policy changes expected to impact how they operate.

18 Apr 2025 - 5:30PMvideocam

Commodities

Hong Kong gold shops become buyers as local price hits all-time high

Shoppers look to sell and retailers look to buy amid ‘extreme euphoria’ in the gold market.

18 Apr 2025 - 2:00PM

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Business

China’s Sunac reaches deal with key creditors on offshore debt revamp plan

Two groups of creditors, holding about 26 per cent of Sunac’s existing debt, could choose to receive two types of mandatory convertible bonds.

18 Apr 2025 - 1:00PMvideocam

Sunac faces a liquidation hearing in Hong Kong on April 28 for non-payment of a US$30 million loan to China Cinda HK Asset Management. Photo: Reuters

Business

Bridgeway suffers 30% capital loss on 3 retail property deals amid market gloom

Fund is raising cash to get ready for other buying opportunities amid market stress, founder Edwin Lee says.

18 Apr 2025 - 11:30AMvideocam

China Business

Chinese onshore stocks fall as tariff talks make no headway

Trade tensions rise after US says Chinese ships would be required to pay fees when docking at US ports.

18 Apr 2025 - 4:25PMvideocam

Business

Exclusive | Hong Kong pharmacy to become latest tenant on Russell Street amid rent slump

Annual rent in Causeway Bay shopping district has declined 46 per cent on average between 2018 and 2024, according to Cushman & Wakefield.

18 Apr 2025 - 9:30AMvideocam

A pharmacy will take over the space in this four-storey building on Russell Street, agents say. Photo: Nora Tam

China Economy

Myanmar earthquake may have disrupted China’s rare earth supplies

The disaster may have damaged mines and transport routes in Myanmar, which is China’s main supplier of rare earth elements, analysts say.

18 Apr 2025 - 2:38PM

Myanmar supplied more than half of China’s imports of rare earth elements last year. Photo: US Critical Materials

Banking & Finance

Global banks make big progress in gender balance amid anti-DEI steps, report says

Average score rose to 42 this year from 37 in 2024, with commercial banks leading the charge in diversity, equity and inclusion efforts.

18 Apr 2025 - 8:30AMvideocam

China Economy

TikTok to the rescue? China’s factories go viral as US tariffs drive up prices

With tariffs at record levels, mainland suppliers to US market get creative – but industry insiders remain cautious as duties bite.

17 Apr 2025 - 10:10PMvideocam

Big Tech

Tencent offers 28,000 internships amid youth unemployment in China

With 12 million fresh graduates entering the job market this summer, Chinese Big Tech companies are ramping up their recruitment efforts.

18 Apr 2025 - 2:08AM

Tencent has kicked off a new round of hiring. Photo: Reuters

Tech War

Alibaba’s Taobao shopping app sees surging downloads in US amid Trump tariffs

Taobao jumped to fifth place from 47th on Apple’s App Store and to third place from 144th among shopping apps on Google Play in a matter of days.

17 Apr 2025 - 8:29PMvideocam

Americans have rushed to download Alibaba’s premier shopping app Taobao as the country faces 145 per cent in new tariffs on Chinese goods. Photo: AFP

China Business

EVs | China to crack down on EV self-driving technology, ‘autonomous driving’ claims

Beijing warns EV makers and technology providers to adhere to development rules and take care not to overstate capabilities.

17 Apr 2025 - 7:46PMvideocam

China Business

Chinese firms’ ADRs at risk if US severs market ties, Goldman Sachs says

Companies with high retail exposure, such as Alibaba, are more susceptible to sell-offs if they are forced to delist, Goldman says.

17 Apr 2025 - 5:00PM

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China EVs

Self navigating to the top: why China leads the global autonomous-driving race

After stamping their authority on EV technology, Chinese firms make strides in adding self-driving features.

29 Mar 2025 - 12:00PMvideocam

Illustration by Lau Ka-kuen

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.

24 Mar 2025 - 5:35PM

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.

16 Mar 2025 - 10:19PMvideocam

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.

14 Mar 2025 - 8:07PMvideocam

Mainland tourists are seen in Tsim Sha Tsui. Hong Kong’s retail sales fell 7.3 per cent last year. Photo: Yik Yeung-man

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Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong

Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong

Asian stock markets fall as 104% tariffs target China

Stock markets in Asia resume slump as hefty US tariffs on China take effect

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

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

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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