https://www-scmp-com.libproxy1.nus.edu.sg/rss/10/feed Corporate business news on companies from Hong Kong and overseas. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Tim Yuen Lingk Tim Yuen Lingk After HSBC RedCoin launched on Friday, Anchorpoint – the stablecoin-issuing joint venture led by Standard Chartered – said it plans to launch a retail product on a public blockchain, even as it takes a “prudent approach”. “Our next major milestone is to [help] bring regulated digital money into everyday payments and commercial applications, while connecting traditional payment infrastructure with this emerging digital finance,” said Dominic Maffei, CEO of Anchorpoint. “This is a public... https://www-scmp-com.libproxy1.nus.edu.sg/business/cryptocurrency/article/3372060/standard-chartered-led-anchorpoint-plans-retail-stablecoin-hsbc-redcoin-launches https://www-scmp-com.libproxy1.nus.edu.sg/business/cryptocurrency/article/3372060/standard-chartered-led-anchorpoint-plans-retail-stablecoin-hsbc-redcoin-launches Sun, 25 Oct 2026 23:00:15 +0000 Themis Qi Themis Qi China’s BYD will build new factories in Europe for a bigger market share, as the world’s largest electric vehicle (EV) maker faces fiscal support pullback at home and rising trade barriers overseas, according to an executive. “Europe is a very important regional market for BYD. We will not let tariff increases affect local consumers’ choice of BYD,” said Liu Xueliang, vice-president at the Shenzhen-based carmaker, in a recent interview. Liu also reaffirmed that BYD was actively expanding its... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3372001/byd-build-new-factories-europe-combat-strict-trade-barriers-targeting-chinese-evs https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3372001/byd-build-new-factories-europe-combat-strict-trade-barriers-targeting-chinese-evs Sun, 25 Oct 2026 08:00:09 +0000 Daniel Ren Daniel Ren A Chinese developer behind one of Sri Lanka’s biggest projects has reason to celebrate as a luxury property boom lifts sentiment in the South Asian nation and fuels optimism about the market’s prospects. Analysts, however, cautioned that a string of disappointing Chinese overseas property investments over the past decade underlined the risks of speculative excess that could lead to a boom-to-bust scenario, particularly in a country where regulation remained uneven. “Chinese developers, having... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3371938/sri-lankas-property-boom-gives-chinese-developers-hope-familiar-risks-linger https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3371938/sri-lankas-property-boom-gives-chinese-developers-hope-familiar-risks-linger Sun, 25 Oct 2026 01:00:11 +0000 Zoe SL Chan Zoe SL Chan Chinese printed circuit board maker Suzhou Dongshan Precision Manufacturing Co failed to excite retail investors in Hong Kong, making it one of the least popular mega initial public offerings (IPOs) in the city so far this year. Bookbuilding closed as scheduled on Friday, with preliminary figures showing the public offering has been undersubscribed with fewer than 10,000 applicants, according to people familiar with the matter. Dongshan Precision is seeking to raise as much as HK$10.7 billion... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3371948/dongshan-precision-retail-ipo-undersubscribed-hong-kong-mega-listing-flops https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3371948/dongshan-precision-retail-ipo-undersubscribed-hong-kong-mega-listing-flops Fri, 23 Oct 2026 11:01:11 +0000 Enoch Yiu Enoch Yiu Former HSBC Holdings global insurance head Edward Moncreiffe will join rival AIA Group as regional CEO from November 2, following a path taken by former HSBC Group chairman Mark Tucker, who returned to the Asia-Pacific region’s largest insurer as non-executive chairman last year. Moncreiffe will oversee AIA’s businesses in India, Sri Lanka, Australia and New Zealand, while serving on the group’s executive committee, according to a company statement issued on Friday. He will report to group CEO... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3371907/former-hsbc-insurance-veteran-edward-moncreiffe-joins-aia-latest-senior-talent-move https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3371907/former-hsbc-insurance-veteran-edward-moncreiffe-joins-aia-latest-senior-talent-move Fri, 23 Oct 2026 09:00:10 +0000 Wency Chen Wency Chen This article was first published by The Korea Times in a partnership with the South China Morning Post. Chinese humanoid robot makers are accelerating efforts to gain a foothold in South Korea, moving beyond dance performances and showroom displays to factory trials and commercial deployments, as Seoul ramps up investment in physical artificial intelligence. A growing number of Chinese robotics companies – including Hong Kong-listed UBTech Robotics, start-up Anyverse Dynamics, Shanghai-based... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3371888/chinas-humanoid-robots-hunt-work-south-korea-seoul-bets-physical-ai https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3371888/chinas-humanoid-robots-hunt-work-south-korea-seoul-bets-physical-ai Fri, 23 Oct 2026 08:00:33 +0000 Christina Zhao Christina Zhao As regional equities tumbled and hopes for investor stimulus faded, the Hang Seng Index fell to a seven-month low. Attention also remained focused on Beijing’s intensified scrutiny of offshore wealth and tax compliance. Macroeconomic data pointed to steady, if uneven, domestic momentum. Here are the core figures capturing market attention this week. Hong Kong stocks suffer steepest drop in 7 months The Hang Seng Index sank 3.03 per cent in a single session to 22,934.68 points, its worst... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3371870/market-sell-tax-scrutiny-and-growth-key-figures-shaping-investor-sentiment https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3371870/market-sell-tax-scrutiny-and-growth-key-figures-shaping-investor-sentiment Fri, 23 Oct 2026 07:00:07 +0000 Peggy Ye Peggy Ye Hong Kong’s offshore yuan bond market is becoming an increasingly important funding source for global banks, with US lenders driving a surge in issuance even as the currency’s traditional funding advantage over the dollar narrows. The shift offers a glimpse of how financial ties between Wall Street and China are evolving despite geopolitical tensions. For US banks, the attraction increasingly lies in access to Chinese capital rather than lower borrowing costs. Offshore yuan-denominated bonds,... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3371769/wall-street-piles-hong-kongs-dim-sum-bonds-despite-fading-yuan-funding-edge-bofa https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3371769/wall-street-piles-hong-kongs-dim-sum-bonds-despite-fading-yuan-funding-edge-bofa Fri, 23 Oct 2026 00:00:14 +0000 Sylvia Ma Sylvia Ma The president of the American Chamber of Commerce in China (AmCham China) has urged Beijing and Washington to push more negotiations down to working-level officials, saying businesses need greater long-term stability in bilateral ties than leader-level diplomacy alone can provide. Michael Hart, president of the chamber, said American businesses were encouraged by the unprecedented frequency of meetings between the presidents of China and the US, but warned that working-level officials had less... https://www-scmp-com.libproxy1.nus.edu.sg/economy/article/3371746/us-china-ties-need-more-working-level-dialogues-not-just-summits-business-chamber https://www-scmp-com.libproxy1.nus.edu.sg/economy/article/3371746/us-china-ties-need-more-working-level-dialogues-not-just-summits-business-chamber Thu, 22 Oct 2026 12:00:10 +0000 Zhu Wenqian Zhu Wenqian Beijing’s plan to recruit more tax officers next year is drawing attention from businesses and wealthy families as tax compliance rises up the policy agenda and authorities intensify enforcement efforts. China’s 2027 national civil service recruitment plan includes 24,013 tax-related positions, accounting for more than 67 per cent of all vacancies, up from over 65 per cent a year earlier. Most of the vacancies are at the State Taxation Administration’s local branches, which are recruiting staff... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3371791/china-expands-tax-workforce-tougher-enforcement-moves-spotlight https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3371791/china-expands-tax-workforce-tougher-enforcement-moves-spotlight Thu, 22 Oct 2026 09:51:04 +0000 Zhu Wenqian Zhu Wenqian Starbucks China says it will roll out its “purchase before seating” rule nationwide starting Thursday, with corresponding signs put in stores, following a similar policy it introduced at its North America stores last year. The Seattle-based coffee chain would prioritise helping visitors in need, such as pregnant women and people with limited mobility, and would continue to foster its stores as so-called third places, it said in a statement on Wednesday. The policy has sparked widespread... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3371721/starbucks-china-rolls-out-buy-seating-rule-after-reversing-open-door-policy-us https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3371721/starbucks-china-rolls-out-buy-seating-rule-after-reversing-open-door-policy-us Thu, 22 Oct 2026 04:00:50 +0000 Cheryl Arcibal,Peggy Ye Cheryl Arcibal,Peggy Ye Receivers of the Sheraton Hong Kong Tung Chung Hotel and the Four Points by Sheraton have agreed to sell the dual-branded complex, which together comprise the city’s third-largest hotel by room count, for HK$2.7 billion (US$344 million), Shimao Group announced on Thursday. In a filing to the Hong Kong stock exchange, the distressed mainland Chinese developer said the buyer was Oceanfront Hong Kong Limited, which is controlled by Malaysian property developer ParkCity Group. The complex was seized... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371707/debt-laden-mainland-developer-shimao-sells-its-2-hong-kong-hotels-us344-million https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371707/debt-laden-mainland-developer-shimao-sells-its-2-hong-kong-hotels-us344-million Thu, 22 Oct 2026 01:38:42 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s largest landlords and developers could get their first formal route into the rising student accommodation market after the government announced plans to tender land for a purpose-built student hostel this quarter, according to analysts. Development Secretary Bernadette Linn Hon-ho announced on Thursday last week the inclusion of a 1,100 square metre (11,840 square foot) site for student accommodation as one of two land tenders in the October to December quarter. The plot – at the... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371634/could-hong-kongs-student-housing-boom-lure-property-giants-sidelines https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371634/could-hong-kongs-student-housing-boom-lure-property-giants-sidelines Wed, 21 Oct 2026 23:00:06 +0000 Cheryl Arcibal Cheryl Arcibal Sun Hung Kai Properties (SHKP), one of Hong Kong’s largest developers, has sold out the latest batch of flats at its Sierra Sea project in the New Territories, where units were offered at discounted prices ahead of a possible US Federal Reserve interest-rate increase by year-end. By 5.40pm on Wednesday, SHKP had found buyers for all 128 flats offered at listed prices in Phase 2C(2) of the development in Shap Sze Heung, between Sai Kung and Ma On Shan, according to agents. Sales began at... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371657/hong-kongs-shkp-sells-128-sierra-sea-flats-ahead-possible-us-rate-increase https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371657/hong-kongs-shkp-sells-128-sierra-sea-flats-ahead-possible-us-rate-increase Wed, 21 Oct 2026 10:00:41 +0000 Themis Qi Themis Qi China’s tax authorities are accepting reasonable explanations when enforcing new rules on offshore trust gains, according to an executive who says their appeal was successful, offering some reassurance as a 90-day grace period expires on Thursday. The approach appears to be translating into greater clarity from regulators. Earlier this week, the State Taxation Administration published a question-and-answer series that suggested Beijing was implementing the rules in line with international... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/wealth/article/3371606/china-eases-uncertainty-over-offshore-trust-taxes-grace-period-ends https://www-scmp-com.libproxy1.nus.edu.sg/business/money/wealth/article/3371606/china-eases-uncertainty-over-offshore-trust-taxes-grace-period-ends Wed, 21 Oct 2026 06:03:21 +0000 Chong Ming Lee Chong Ming Lee Chinese artificial intelligence start-up DeepSeek has fully open-sourced an internally developed framework designed to run AI models efficiently, as a senior researcher at the company described the growing divide between open-source and closed-source AI as a battle between “light and darkness”. The company on Tuesday released DeepInfer, an inference framework tailored to support its DeepSeek-V4.1-Flash model on both Nvidia’s SM100 Blackwell graphics processing units (GPUs) and Huawei... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3371592/deepseek-open-sources-new-tool-slash-ai-costs-fight-against-closed-source-rivals https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3371592/deepseek-open-sources-new-tool-slash-ai-costs-fight-against-closed-source-rivals Wed, 21 Oct 2026 05:03:27 +0000 Daniel Ren Daniel Ren China Cosco Shipping Holdings, the country’s largest ocean carrier, has prioritised resilience as it rolls out an emergency response system to cope with rising geopolitical conflicts, infrastructure bottlenecks and climate-related disruptions. The company is launching fresh capacity and new trade routes as part of the plan, as it looks to ensure its supply chains can withstand a mix of potential shocks, according to chairman Wan Min. “We believe that true resilience is not merely restricted to a... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3371550/shipping-giant-cosco-launches-new-routes-ride-out-iran-war-climate-risks https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3371550/shipping-giant-cosco-launches-new-routes-ride-out-iran-war-climate-risks Wed, 21 Oct 2026 02:00:09 +0000 Zhu Wenqian Zhu Wenqian Chinese pharmaceutical companies are ramping up global expansion and the sector, expected to sustain rapid growth in coming third-quarter earnings releases, could see a further lift in market sentiment, analysts said. In the first three quarters, domestic innovative drugs accounted for 80 per cent of all innovative medicines approved in China, according to the Ministry of Industry and Information Technology. “Research progress has been made across multiple therapeutic areas including oncology,... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371566/chinas-pharma-stocks-gain-favours-amid-greater-progress-innovative-drugs https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371566/chinas-pharma-stocks-gain-favours-amid-greater-progress-innovative-drugs Wed, 21 Oct 2026 01:00:13 +0000 Themis Qi Themis Qi Chinese battery giant Contemporary Amperex Technology Limited (CATL) extended its stock price rout after recording a surprise slowdown in third-quarter net profits, as analysts warned the company could be hit by slowing demand from China’s electric car industry next year. The world’s largest electric vehicle (EV) battery maker saw its shares continue to tumble by over 10 per cent in Shenzhen and 8.6 per cent in Hong Kong in the morning session on Wednesday. The Fujian province-based firm posted... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3371545/chinese-battery-giant-catl-hit-profit-slowdown-ev-headwind-fears-grow https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3371545/chinese-battery-giant-catl-hit-profit-slowdown-ev-headwind-fears-grow Tue, 20 Oct 2026 12:56:18 +0000 Zoe SL Chan Zoe SL Chan Suzhou Dongshan Precision Manufacturing raised less than expected in its Hong Kong initial public offering (IPO), as investors weighed potential US trade restrictions on its optical modules business amid the city’s cautious appetite for mega listings, analysts said. The company has started taking investor orders for a Hong Kong listing, offering 113.7 million shares at a maximum price of HK$93.80 per share, according to its prospectus on Tuesday. A total of 20 cornerstone investors have agreed... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3371493/suzhou-dongshans-us18b-hong-kong-ipo-trails-expectations-amid-us-trade-risk-concerns https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3371493/suzhou-dongshans-us18b-hong-kong-ipo-trails-expectations-amid-us-trade-risk-concerns Tue, 20 Oct 2026 08:37:13 +0000 Daniel Ren Daniel Ren Chinese carmakers, facing a European Union import quota targeting their hybrid electric vehicles (EVs), are gearing up for more local production to reinforce their go-global drive. They plan to either splash out billions of yuan to set up their own factories or tap international marques’ idle plants to build their vehicles, looking to sustain a sales boom in one of the world’s major automotive markets. “Global growth shifts from exporting vehicles to Europe to producing them locally, from... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3371460/chinese-carmakers-gear-european-production-sidestep-tariffs-import-quota https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3371460/chinese-carmakers-gear-european-production-sidestep-tariffs-import-quota Tue, 20 Oct 2026 08:00:06 +0000 Cheryl Arcibal Cheryl Arcibal US-based money manager Principal Asset Management says it is poised to become more active in Asia-Pacific property markets, believing investors have been “underweight” in the region’s office property segment. Richard Hill, its senior managing director and head of global real estate research and strategy, said the group was also seeing continued interest from institutional investors in the Asia-Pacific region looking to access opportunities in US commercial real estate as it was “too big to... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371391/money-manager-eyes-asia-pacific-property-growth-tells-investors-keep-bet-us https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371391/money-manager-eyes-asia-pacific-property-growth-tells-investors-keep-bet-us Mon, 19 Oct 2026 23:00:05 +0000 Chong Ming Lee,Mandy Zuo Chong Ming Lee,Mandy Zuo When artificial intelligence agents first arrived, they came with a tantalising promise: autonomous “digital workers” that would finally free humans from corporate drudgery. As businesses across Asia are discovering, however, the reality is quite the opposite – more work, new friction and a whole new layer of management. When Xiao Mengjie, an AI product marketing manager at a Big Tech firm in Shanghai, recently assigned two AI agents what she described as a simple task, she expected efficiency.... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3371246/ai-promise-was-automation-reality-managing-digital-workers https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3371246/ai-promise-was-automation-reality-managing-digital-workers Sun, 18 Oct 2026 14:00:08 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong homebuyers are poised to see new residential launches in the coming days and weeks following a sell-out weekend of more than 360 flats in two major projects in the city. Sun Hung Kai Properties (SHKP), one of Hong Kong’s major developers and landlords, was set to hold a second round of sales for Sierra Sea Phase 2C(2) in Shap Sze Heung, which is between Sai Kung and Ma On Shan, with 152 flats on offer on Wednesday, it said in a statement. Among them, 128 flats would be sold via a... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371302/hong-kongs-primary-residential-market-sees-wave-launches-successful-sales https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371302/hong-kongs-primary-residential-market-sees-wave-launches-successful-sales Sun, 18 Oct 2026 10:01:52 +0000 Cheryl Arcibal Cheryl Arcibal Tokyo’s implementation of a rule that requires all property buyers to declare their nationality is raising concerns among investors, according to analysts. Japan’s shift from an ultra-loose monetary policy to gradual normalisation of its interest rates was also likely to force investors to reconsider whether real estate assets were still attractive, they added. “Japan has had a really strong run for the last seven or eight years,” said Neil Brookes, head of Asia-Pacific capital markets at... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371224/new-property-purchase-disclosure-rule-japan-sparks-fears-it-may-curb-foreign-investment https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371224/new-property-purchase-disclosure-rule-japan-sparks-fears-it-may-curb-foreign-investment Sun, 18 Oct 2026 03:00:07 +0000 Tim Yuen Lingk Tim Yuen Lingk Almost two decades after gaining permission to conduct yuan business for local clients, foreign-funded banks are still refining their strategy in China, where the financial sector is dominated by state-owned lenders. While Citi exited its China retail banking business, other foreign banks have continued to close branches and sub-branches, focusing instead on digitalisation, wealth management and core clients to strengthen their foothold in the market. Deutsche Bank (China) announced the closure... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370953/foreign-banks-trim-china-branch-networks-low-returns-test-strategy https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370953/foreign-banks-trim-china-branch-networks-low-returns-test-strategy Sat, 17 Oct 2026 02:00:10 +0000 Xiaofei Xu Xiaofei Xu French luxury giant LVMH Group kicked off a global open-house event showcasing its craftsmanship in Shanghai on Thursday, as the event’s founder Antoine Arnault hailed a “special bond” with Chinese customers at a launch event in Paris. It came as the group faced pressure from sluggish demand in China and a backlash over a lawsuit against a local tea company. At the launch event at the Samaritaine department store in central Paris for this year’s Les Journées Particulières, first initiated by... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3371145/lvmh-touts-special-bond-china-subdued-backdrop-weighs-sales https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3371145/lvmh-touts-special-bond-china-subdued-backdrop-weighs-sales Fri, 16 Oct 2026 08:23:33 +0000 Daniel Ren Daniel Ren Beijing has enlisted the support of its top internet watchdog to deepen the investigation into a car safety issue that put Chinese-made intelligent vehicles under the spotlight. The Ministry of Industry and Information Technology (MIIT) said on Thursday that a joint investigation team including officials from the Cyberspace Administration of China (CAC) and the State Administration for Market Regulation (SAMR) would verify facts regarding reports about brake pedal failures in tests of an... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3371102/beijing-enlists-multiple-regulators-probe-ev-safety-issue-raised-quality-alarms https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3371102/beijing-enlists-multiple-regulators-probe-ev-safety-issue-raised-quality-alarms Fri, 16 Oct 2026 06:00:10 +0000 Enoch Yiu Enoch Yiu HSBC, Hong Kong’s biggest lender, said on Thursday it would double its artificial intelligence specialist team in the city to 300, a figure much larger than the workforce planned for its recently announced AI centre in Singapore. The announcement comes after Hong Kong’s regulators were reported to have raised concerns about the Singapore hub. The bank would double its AI specialist headcount in Hong Kong from 150 to 300 over the next two to three years, said David Liao Yi-chien, HSBC co-CEO for... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370997/hsbc-double-hong-kong-ai-team-300-outpacing-singapore-plan https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370997/hsbc-double-hong-kong-ai-team-300-outpacing-singapore-plan Thu, 15 Oct 2026 08:37:19 +0000 Enoch Yiu Enoch Yiu HSBC has launched a discretionary portfolio management service for retail investors with a minimum investment threshold as low as HK$1,000 (US$128) per month, as Hong Kong’s largest lender aims to attract younger, tech-savvy customers. The new service, “Portfolio+”, allows HSBC’s retail banking customers in Hong Kong to build a discretionary investment portfolio via the company’s mobile apps with a lump sum of at least HK$10,000 or regular contributions of HK$1,000 per month, according to Winnie... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370939/hsbc-launches-discretionary-portfolio-management-service-retail-investors https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370939/hsbc-launches-discretionary-portfolio-management-service-retail-investors Thu, 15 Oct 2026 03:00:08 +0000 Chris Tsang Chris Tsang Amid Hong Kong’s commercial property downturn, British conglomerate Jardine Matheson has sold a street shop in Causeway Bay for HK$80 million (US$10.2 million) after holding it for more than 50 years, accepting a price HK$10 million below its earlier valuation. The property, a ground-floor shop in H&S Building at 36 Leighton Road, with a gross floor area of about 11,727 square feet, was acquired by Uni Investment Development, according to Land Registry records. Jardine Matheson appointed an... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370889/how-jardine-mathesons-street-shop-sale-reflects-hong-kong-retail-propertys-struggles https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370889/how-jardine-mathesons-street-shop-sale-reflects-hong-kong-retail-propertys-struggles Wed, 14 Oct 2026 23:00:06 +0000 Daniel Ren Daniel Ren Hesai Group, the world’s largest maker of lidar sensors for vehicles, has launched a 3D spatial camera as it expands into physical artificial intelligence in search of new growth opportunities. The handheld device, called Kosmo, is described by Hesai as a “physical AI eye” and converts real-world environments into detailed, editable 3D models. The company said it was designed to standardise the digitisation of complex spaces such as campuses and factories. “Our interesting new products, which... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3370897/hesai-launches-3d-spatial-camera-chinese-lidar-maker-expands-physical-ai https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3370897/hesai-launches-3d-spatial-camera-chinese-lidar-maker-expands-physical-ai Wed, 14 Oct 2026 11:47:29 +0000 Howard Liu Howard Liu Yangtze Memory Technologies Corporation (YMTC), China’s leading flash-memory maker, is set to grow revenue six times faster than its industry peers this year as it expands into server-related business ahead of a planned initial public offering (IPO), according to Counterpoint Research. The company’s server-related revenue was effectively zero in 2024, but could account for nearly 39 per cent of its revenue by 2028, according to the market intelligence firm on Tuesday. Much of the momentum is... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3370871/chinese-memory-giant-ymtc-grow-revenue-6-times-faster-peers-ipo-nears-report https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3370871/chinese-memory-giant-ymtc-grow-revenue-6-times-faster-peers-ipo-nears-report Wed, 14 Oct 2026 11:00:10 +0000 Zhu Wenqian Zhu Wenqian LVMH, the world’s largest luxury goods group, has attributed an Asia sales drop in the third quarter – the only regional decline the company reported – to, in part, a slowdown in Chinese demand. The Louis Vuitton, Dior, Bulgari and Fendi parent group said Asia took a hit from a sharp macro-led deterioration in Chinese consumer sentiment, with tangible impact on discretionary expenses, the group said during an earnings call session on Monday. The fall in demand coincided with a string of... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370795/sluggish-chinese-demand-weighs-lvmh-louis-vuittons-molly-tea-case-casts-shadow https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370795/sluggish-chinese-demand-weighs-lvmh-louis-vuittons-molly-tea-case-casts-shadow Wed, 14 Oct 2026 04:00:13 +0000 Peggy Ye Peggy Ye Henderson Land Development is banking on demand for premium offices to support its HK$63 billion (US$8.03 billion) Central Yards project, as tenants gravitate towards top-tier buildings even while much of Hong Kong’s office market remains weak. Jane Street’s decision last year to take about 70 per cent of the office space in the first phase of the project has helped draw interest from other potential tenants, according to Tom Andrews, director and head of leasing and operations at Central Site 3... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3370761/henderson-banks-tenant-fomo-fill-us8b-central-yards-project https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3370761/henderson-banks-tenant-fomo-fill-us8b-central-yards-project Wed, 14 Oct 2026 00:00:20 +0000 Chris Tsang Chris Tsang The new Royal Garden Kowloon East hotel has undergone far more than an extensive renovation; it has been completely overhauled to become an “urban resort” in the heart of Tseung Kwan O, according to the hotel’s owner. Developer Sun Hung Kai Properties (SHKP) had transformed the former Crowne Plaza “from a traditional business hotel into a brand-new urban resort experience” to cater to a new generation of tourists in Hong Kong, the firm’s chairman said at the hotel’s opening ceremony on... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3370747/shkp-reopens-former-crowne-plaza-hotel-luxury-urban-resort-tseung-kwan-o https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3370747/shkp-reopens-former-crowne-plaza-hotel-luxury-urban-resort-tseung-kwan-o Tue, 13 Oct 2026 10:13:35 +0000 Yulu Ao Yulu Ao Chinese billionaire Cao Dewang, whose glass-making empire was featured in the Oscar-winning documentary American Factory, has urged Chinese investors expanding overseas to respect local laws, regulations and culture, drawing on decades of experience building a global manufacturing business amid shifting US-China relations. Speaking at the University of Hong Kong (HKU) on Monday, the founder of Fuyao Glass said the approach had been central to the firm’s success in the US and warned against... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370689/chinese-billionaire-featured-american-factory-shares-lesson-firms-going-global https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370689/chinese-billionaire-featured-american-factory-shares-lesson-firms-going-global Tue, 13 Oct 2026 08:00:05 +0000 Daisy Wu Daisy Wu Haidilao International Holding has agreed to provide its founder, Zhang Yong, with a one-month loan of up to the Hong Kong dollar equivalent of 100 million yuan (US$14.9 million), a move that has raised market speculation as investors closely watch Beijing’s October 22 deadline for offshore trust taxation. The Hong Kong-listed hotpot chain said in a stock exchange filing on Monday night that it would fund the loan from internal resources and charge interest at 0.6 percentage points above the... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370680/why-haidilaos-us149-million-credit-line-founder-fuelling-china-tax-speculation https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370680/why-haidilaos-us149-million-credit-line-founder-fuelling-china-tax-speculation Tue, 13 Oct 2026 06:00:11 +0000 Zhang Shidong Zhang Shidong Mainland Chinese investors bought more Hong Kong stocks than they sold for a fourth consecutive month in September, with purchases accelerating despite persistent headwinds from elevated US Treasury yields and oil prices. Onshore traders poured a net HK$60.8 billion (US$7.7 billion) into Hong Kong’s stocks via the Stock Connect programme last month, up from HK$10.4 billion in August, according to financial data provider Wind. Net buying reached HK$134.1 billion in the third quarter. Mainland... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370564/mainland-chinese-traders-boost-hong-kong-stock-buying-4th-month-ai-bets-surge https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370564/mainland-chinese-traders-boost-hong-kong-stock-buying-4th-month-ai-bets-surge Tue, 13 Oct 2026 02:00:13 +0000 Yulu Ao Yulu Ao US Treasuries are looking increasingly attractive to Hong Kong investors after a prolonged sell-off pushed yields to multi-decade highs, prompting some strategists and wealth managers to recommend buying while others warned that further losses may lie ahead. The benchmark 10-year Treasury yield surged above 5.36 per cent on Wednesday, its highest in 24 years, before retreating to around 5.23 per cent on Thursday following strong demand at a US$22 billion auction of 30-year government... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370557/hong-kong-investors-are-warming-us-treasury-bonds-yields-hit-20-year-high https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370557/hong-kong-investors-are-warming-us-treasury-bonds-yields-hit-20-year-high Mon, 12 Oct 2026 23:00:30 +0000 Zoe SL Chan Zoe SL Chan Shenzhen Transsion Holdings drew a lukewarm response for its HK$3.36 billion (US$428 million) Hong Kong share offering, heightening worries over market sentiment for new listings in the fourth quarter. The maker of Africa’s bestselling phones closed its bookbuilding on Monday, with preliminary figures showing the offering attracted about 14,000 applications and was oversubscribed roughly 3.5 times, according to people familiar with the matter. Retail participation in Hong Kong initial public... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370604/few-hong-kong-investors-take-interest-listing-africas-top-phone-maker-transsion https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370604/few-hong-kong-investors-take-interest-listing-africas-top-phone-maker-transsion Mon, 12 Oct 2026 10:03:02 +0000 Daniel Ren Daniel Ren A safety failure spotted in tests of a Chinese electric vehicle (EV) made by a Huawei Technologies-backed luxury brand has raised doubts about the cars many consumers view as a source of national pride, and prompted regulators to step up policing of quality and reliability. The Ministry of Industry and Information Technology, along with three other ministry-level departments, published draft rules on Saturday that would govern testing of new car models. The move came after a video released on... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3370548/brake-pedal-failures-luxury-ev-put-chinese-cars-quality-regulatory-spotlight https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3370548/brake-pedal-failures-luxury-ev-put-chinese-cars-quality-regulatory-spotlight Mon, 12 Oct 2026 07:30:06 +0000 Themis Qi Themis Qi Police in China have detained a controller of Yiren Digital, a US-listed Chinese digital lender, after two related investment platforms failed to repay mainland investors for over four months. The Beijing Municipal Public Security Bureau said that it had recently launched an official criminal investigation into relevant companies associated with CreditEase over suspected illegal activities and had arrested controllers, including a 53-year-old male with the surname Tang and a 51-year-old female... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370569/beijing-police-detain-yiren-digital-chairman-after-massive-product-defaults https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370569/beijing-police-detain-yiren-digital-chairman-after-massive-product-defaults Mon, 12 Oct 2026 07:24:24 +0000 Daniel Ren Daniel Ren German sportswear giant Adidas is bent on new fashionable outdoor and street dance apparel to sustain its growth in China amid heightened competition against domestic and international rivals, according to its CEO Bjorn Gulden. “We see that there’s a running boom and an outdoor boom [in China],” he told reporters in a media briefing in Shanghai on Sunday. “We see new sports like street dance [becoming] new activities that look to be relevant for the young people in the universities.” He said... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370520/adidas-ceo-taps-outdoor-sport-street-dance-new-drivers-china-competition-heightens https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370520/adidas-ceo-taps-outdoor-sport-street-dance-new-drivers-china-competition-heightens Mon, 12 Oct 2026 06:00:07 +0000 Iris Deng Iris Deng China’s manufacturing sector is leapfrogging straight into the era of agentic artificial intelligence and is now exporting that playbook to global supply chains, according to the CEO of Black Lake, a Chinese provider of cloud-based AI tools for factories. “Just as China skipped credit cards and jumped directly to mobile payments, many factories are skipping full traditional digitalisation and jumping directly to AI agents,” Zhou Yuxiang said in a recent interview with the South China Morning... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3370490/chinas-factories-leaping-straight-agentic-ai-and-taking-it-global-black-lake-ceo https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3370490/chinas-factories-leaping-straight-agentic-ai-and-taking-it-global-black-lake-ceo Mon, 12 Oct 2026 04:00:07 +0000 Peggy Ye Peggy Ye China’s top securities regulator has signalled fresh support for the domestic A-share market, convening a symposium over the weekend as authorities sought to shore up sentiment following a sharp sell-off in technology shares driven by concerns over US sanctions. The China Securities Regulatory Commission (CSRC) brought together executives from listed companies and experts from securities firms and fund managers at a meeting in Beijing on Saturday to “discuss the country’s capital markets and... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370506/beijing-moves-steady-share-market-after-sharp-tech-sell https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370506/beijing-moves-steady-share-market-after-sharp-tech-sell Mon, 12 Oct 2026 01:00:19 +0000 Peggy Ye Peggy Ye Beijing-based jeweller Laopu Gold has leased an entire mid-floor at One Exchange Square in Central to support its global expansion, according to two sources familiar with the matter. The brand was taking around 13,000 square feet at the flagship Central tower, which houses Hong Kong Exchanges and Clearing (HKEX), one source said. The deal comes as mainland consumer firms and financial institutions increasingly anchor their presence in Hong Kong’s core business district. Recent transactions on... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370495/laopu-gold-deepens-hong-kong-footprint-entire-floor-lease-central-tower-sources https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370495/laopu-gold-deepens-hong-kong-footprint-entire-floor-lease-central-tower-sources Sun, 11 Oct 2026 23:00:11 +0000 Yulu Ao Yulu Ao China’s investment banks spent decades trying to emulate Goldman Sachs, the Wall Street powerhouse that became a benchmark for the country’s financial ambitions and whose alumni included senior US policymakers like former Treasury secretary Henry Paulson. Today, Beijing’s goal has evolved beyond building a Chinese version of Goldman. At the Central Financial Work Conference in 2023, President Xi Jinping called for cultivating first-class investment institutions as part of China’s ambition to... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3370375/chinese-brokers-work-crack-final-code-win-clients-global-stage https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3370375/chinese-brokers-work-crack-final-code-win-clients-global-stage Sun, 11 Oct 2026 14:00:07 +0000 Coco Feng Coco Feng Apple executive chairman Tim Cook has begun his third visit to China this year, following the launch of the iPhone 18 Pro line-up and the iPhone Duo, the company’s first foldable device, in one of its biggest markets. Cook met Meng Fanli, governor of the southern province of Guangdong, on Sunday and said Apple was willing to expand its presence, including in smart manufacturing and sales channels. As an important manufacturing powerhouse, Guangdong had been essential to Apple’s growth in China,... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3370500/apples-tim-cook-kicks-china-visit-amid-mixed-signals-new-iphone-demand https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3370500/apples-tim-cook-kicks-china-visit-amid-mixed-signals-new-iphone-demand Sun, 11 Oct 2026 13:00:09 +0000 Daniel Ren Daniel Ren Groundbreaking land-renewal policies recently announced in Guangzhou and Shanghai represent a step forward in stabilising China’s commercial property market and shoring up investors’ confidence amid Beijing’s efforts to revive the real estate industry, according to officials and industry analysts. The new rules governing the leasing of land for commercial and industrial use will also facilitate the issuance of exchange-traded real estate investment trusts (Reits), a financing tool that... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370350/clock-ticks-chinas-commercial-land-leases-renewal-plans-allay-investors-concerns https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370350/clock-ticks-chinas-commercial-land-leases-renewal-plans-allay-investors-concerns Sun, 11 Oct 2026 01:00:11 +0000