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Chinese President Xi Jinping and North Korean leader Kim Jong-un pictured in Pyongyang on June 9. Photo: Xinhua

China

Xi on North Korean military ties; US blacklists Chinese tech firms: 7 highlights

From Thailand’s suffering shrimp industry to China’s space firms anticipating SpaceX IPO, here are highlights from SCMP’s recent reporting.

EVs capture two-thirds of China’s car market in record-breaking week

Hong Kong developers rediscover pricing power amid firmer demand

China Business

China’s space start-ups eye IPO boom as SpaceX heads for record listing

China’s emerging aerospace firms are lining up to list as SpaceX’s blockbuster flotation shines a spotlight on the sector.

A SpaceX rocket launches from a company facility in the United States. The company's planned US$75 billion IPO is expected to accelerate listing plans among China's emerging commercial space companies. Photo: Reuters
A SpaceX rocket launches from a company facility in the United States. The company's planned US$75 billion IPO is expected to accelerate listing plans among China's emerging commercial space companies. Photo: Reuters

China Business

China’s BYD challenges iconic auto giants as hybrid demand surges in Germany

A three-fold jump in BYD’s German registrations highlights shift towards lower-tariff models, as company chairman says ‘the worst is over’.

videocam

Economic Indicators

Citic Securities breaks ceiling with first ‘A’ class rating for China brokerage

Award of an A-minus rating seen as a milestone in China’s efforts to build globally competitive investment banks.

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Money

Hong Kong, Indonesia move towards direct transactions in yuan, rupiah

Agreement between People’s Bank of China, HKMA and Bank Indonesia aims to enhance efficiency and encourage use of the currencies.

Bundles of Indonesian rupiah are pictured at a currency exchange office in Jakarta on June 4, 2026. Photo: AFP
Bundles of Indonesian rupiah are pictured at a currency exchange office in Jakarta on June 4, 2026. Photo: AFP

China Business

China biotech firms say global push is ‘irreversible’ despite US barriers

Chinese drug makers are increasingly relying on overseas licensing deals to reach global markets amid growing geopolitical tensions.

Tech

Who pays when rockets explode? China rushes to insure SpaceX’s rivals

Wave of Chinese insurers is underwriting rockets and satellites, turning space risk into a new front in the China-US rivalry.

4

Tech Trends

To beat chip crunch, Chinese firm inks memory deal bigger than its sales

The US$1.86 billion multi-year flash deal with unnamed supplier underscores how downstream companies scramble to secure capacity.

Biwin says the deal reduces the risk of supply disruption caused by market fluctuations. Photo: Handout

Markets

China, Hong Kong stocks fall as AI bubble fears build up

Stocks in China and Hong Kong are suffering in a global sell-off after being laggards in the AI boom.

Photo: Reuters
Photo: Reuters

China Business

J&T Express faces risk of tougher penalties as China opens formal safety probe

Investors are concerned about the impact of heavier penalties, higher compliance costs and safety oversight amid the probe.

Markets

Hong Kong emerges as top listing hub for global tech firms, HKEX says

Exchange will review listing rules introduced since 2018 to consolidate its competitiveness in the global fundraising market.

China Business

Red-chip listing to make Chinese green power producer Shenzhen’s biggest IPO

Wind and solar producer plans multiple projects amid China’s push to deepen its insulation from global oil-shock pressures.

China Resources New Energy is set to become the first Shenzhen-listed company incorporated overseas but operating mainly in mainland China under the red-chip structure. Photo: Roy Issa

China Business

BYD powers past Geely as oil shock charges up global EV demand

Strong overseas demand for battery-powered cars helped BYD recover from a first-quarter setback and retake pole position.

Shanzhen-based EV assembler BYD lost its title as mainland China’s largest carmaker in the first quarter of 2026, but has since rebounded as rising oil prices powered demand for electric vehicles. Photo: Reuters
Shanzhen-based EV assembler BYD lost its title as mainland China’s largest carmaker in the first quarter of 2026, but has since rebounded as rising oil prices powered demand for electric vehicles. Photo: Reuters

China Business

How the AI trade is stirring dotcom-era jitters across global markets

Signs of excess are mounting in AI trade, with soaring IPOs and stretched valuations echoing run-ups to past market peaks, analysts say.

Banking & Finance

The world’s 5 largest-ever IPOs, before Elon Musk’s SpaceX listing

Ahead of SpaceX’s public listing on Friday, set to break records, here are some previous block-buster fundraisers.

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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
James David Spellman

Opinion | Why tech titans’ IPOs matter as much in China as in the US

James David Spellman
Chow Chung-yan

Opinion | Why Hongkongers should be very interested in the Pinglu Canal

Chow Chung-yan
Chow Chung-yan

Opinion | Why another golden era for Hong Kong is just around the corner

Chow Chung-yan
Jun Yan

Opinion | How foreign investors should view China’s ‘little giants’ scheme

Jun Yan
Anthony Rowley

Macroscope | Why bond yields are going up everywhere

Anthony Rowley
5
Kun Tian

Opinion | Hong Kong’s stablecoin roll-out puts banks at the centre of digital money

Kun Tian
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MULTIMEDIA
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
Video

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

HAng Seng
04:37
Video

Taiwan firm creates clothing from banana waste

Banana
01:00
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TRENDING TOPICS
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