https://www-scmp-com.libproxy1.nus.edu.sg/rss/107605/feed The latest news and analysis on companies doing business in China, and China’s fast-growing corporate sector en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Xinmei Shen Xinmei Shen US firm ArriVent BioPharma’s shares plummeted after a late-stage trial failure involving a cancer drug licensed from China, a setback that analysts said highlighted the challenges facing Chinese biotech companies expanding overseas. New York-listed ArriVent closed down nearly 47 per cent on Tuesday after reporting that its cancer treatment firmonertinib failed to meet its main goal in a phase 3 trial. Firmonertinib was originally developed by Shanghai Allist Pharmaceuticals to treat non-small... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369985/us-firm-arrivents-plunge-shows-risks-facing-chinas-biotech-expansion-global-markets?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369985/us-firm-arrivents-plunge-shows-risks-facing-chinas-biotech-expansion-global-markets?utm_source=rss_feed Wed, 07 Oct 2026 04:20:31 +0000 Cheryl Arcibal Cheryl Arcibal Japanese, South Korean and Thai brands have increased their share of new entrants in Hong Kong’s retail property market by 7 percentage points to more than one-third in the first nine months of 2026, while the demand for shops from mainland Chinese brands has slipped, according to Cushman & Wakefield. A slew of new brands helped lift the combined share of Japanese, South Korean and Thai brands to a three-year high, according to Cushman, which said it expected the trend to continue. This year,... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369937/hong-kongs-first-store-appeal-grows-more-japanese-south-korean-and-thai-brands-arrive?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369937/hong-kongs-first-store-appeal-grows-more-japanese-south-korean-and-thai-brands-arrive?utm_source=rss_feed Tue, 06 Oct 2026 23:00:08 +0000 Peggy Ye Peggy Ye Adrian Cheng Chi-kong, former heir apparent to Hong Kong’s New World Development (NWD), is expanding his K11 cultural retail business in mainland China, launching a venture of his own as his family’s property group grapples with heavy debt. Xiamen K11 Select, developed by Cheng’s K11 by AC Group along with state-owned Xiamen Rail Transit Group in the city in the southeastern province of Fujian, has attracted more than 2 million visits since its opening on September 22, with sales rising 32 per... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369814/adrian-cheng-former-scion-hong-kongs-nwd-expands-k11-brand-xiamen?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369814/adrian-cheng-former-scion-hong-kongs-nwd-expands-k11-brand-xiamen?utm_source=rss_feed Mon, 05 Oct 2026 11:08:10 +0000 Enoch Yiu Enoch Yiu Hong Kong lawmakers have backed the government’s proposed tax incentives for large innovative companies, but many said on Monday that the planned five-year concession period is too short to attract major firms to establish headquarters or expand operations in the city. Chief Executive John Lee Ka-chiu in his policy address last month said the government planned to submit a bill introducing preferential profits tax rates of either 5 per cent or 8.25 per cent, which was half of the city’s standard... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369781/hong-kong-lawmakers-say-5-year-tax-incentive-too-short-entice-major-innovative-firms?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369781/hong-kong-lawmakers-say-5-year-tax-incentive-too-short-entice-major-innovative-firms?utm_source=rss_feed Mon, 05 Oct 2026 08:00:08 +0000 Coco Feng Coco Feng US chip giant Qualcomm has agreed to pay to licence and acquire patents from China’s Huawei Technologies for the first time as part of a “multi-year, broad patent licence agreement” covering 5G, computing and artificial intelligence. The deal involved cross-licensing between both firms’ patent portfolios, the Shenzhen-based firm said in a statement on Monday, adding that it included Qualcomm’s purchase of specific Huawei US patents across compute, AI, networking and other technologies. The... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3369748/huawei-qualcomm-strike-multi-year-patent-agreement-across-5g-ai?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3369748/huawei-qualcomm-strike-multi-year-patent-agreement-across-5g-ai?utm_source=rss_feed Mon, 05 Oct 2026 06:00:10 +0000 Ben Jiang,Xiaofei Xu Ben Jiang,Xiaofei Xu In February 2023, the budget shopping platform Temu announced itself on the world stage in the brashest way possible: becoming one of the youngest ever brands to buy a Super Bowl advertising spot. “Download the Temu app and shop like a billionaire,” a voice proclaimed in the 30-second commercial, as a woman danced on screen and ordered a series of outlandishly cheap items: from a US$8.99 dress to a US$4.99 wig. The commercial – which aired twice during the game, costing Temu an estimated US$14... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3369595/temu-took-world-storm-has-shopping-app-lost-its-thunder?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3369595/temu-took-world-storm-has-shopping-app-lost-its-thunder?utm_source=rss_feed Mon, 05 Oct 2026 02:00:19 +0000 Daisy Wu Daisy Wu A complete supply-side transformation of China’s housing market is likely to take precedence over any immediate revival in homebuyer demand following Wuhan’s overhaul of new-home sales, according to property analysts. Wuhan, capital of the central Chinese province of Hubei, is the fourth major economic hub – after Beijing, Shanghai and Guangzhou – to encourage a broader transition towards completed-home sales. “These measures do not directly stimulate demand, but they will drive a structural... https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3369596/wuhan-joins-major-chinese-cities-shift-towards-completed-home-sales?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/property/article/3369596/wuhan-joins-major-chinese-cities-shift-towards-completed-home-sales?utm_source=rss_feed Sat, 03 Oct 2026 08:00:11 +0000 Daisy Wu Daisy Wu After Ping An Bank became the first listed Chinese lender to formally adopt rules governing its use of artificial intelligence, analysts said more mainland institutions were likely to follow, with the move setting an early benchmark for how far the sector can go in applying the technology. The Shenzhen-listed bank said in a filing on Wednesday that its board had approved AI management measures, following a regulatory push for banks to strengthen oversight of AI use. The full rules have not been... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369577/more-chinese-banks-likely-adopt-ai-rules-after-ping-move-analysts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369577/more-chinese-banks-likely-adopt-ai-rules-after-ping-move-analysts?utm_source=rss_feed Sat, 03 Oct 2026 03:00:18 +0000 Xinmei Shen Xinmei Shen A sell-off in technology stocks pushed mainland Chinese equities to their lowest level in more than a year, even as Beijing stepped up support for the economy with a key interest rate cut. At the same time, Chinese government bonds attracted fresh interest as US Treasury yields climbed to a new high. Here are some figures that have captured market attention this week. China’s CSI 300 Index hits 13-month low Mainland China’s CSI 300 Index dropped 2.2 per cent on Monday to its lowest level since... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369517/stock-losses-bond-bets-5-figures-investors-are-watching-china?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369517/stock-losses-bond-bets-5-figures-investors-are-watching-china?utm_source=rss_feed Fri, 02 Oct 2026 05:00:06 +0000 Daniel Ren Daniel Ren Chinese automotive groups have cause to celebrate their go-global strategy amid breakneck export growth in recent years, with deliveries in 2026 expected to beat expectations already buoyed by an international energy shock caused by conflict in the Middle East. Leading carmakers from BYD to Chery Automobile have doubled down on overseas expansion, with some evolving into powerful contenders in markets such as Europe and Africa, which were once dominated by the likes of Volkswagen. “A sluggish... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369423/chinas-carmakers-eye-record-12-million-overseas-sales-2026-go-global-plan-pays?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369423/chinas-carmakers-eye-record-12-million-overseas-sales-2026-go-global-plan-pays?utm_source=rss_feed Thu, 01 Oct 2026 06:00:08 +0000 Enoch Yiu,Themis Qi Enoch Yiu,Themis Qi Hong Kong commercial banks continue to offer incentives to attract mainland visitors during the first golden week after Beijing tightened cross-border investment rules and enforced the collection of a 20 per cent levy on overseas investment or insurance gains. HSBC would offer up to HK$88,000 (US$11,215) for new high-end clients, as well as experiences including a National Day fireworks dinner and tickets to the China Open tennis tournament in Beijing or a K-pop concert, according to the bank’s... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369382/hong-kong-banks-set-golden-week-lures-mainland-chinese-visitors-despite-new-levies?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369382/hong-kong-banks-set-golden-week-lures-mainland-chinese-visitors-despite-new-levies?utm_source=rss_feed Wed, 30 Sep 2026 15:39:25 +0000 Themis Qi Themis Qi Maxim’s Caterers has struck a deal to buy back its shares from DFI Retail Group for US$340 million plus control of its licensed Starbucks business, according to an exchange filing released on Wednesday. The deal will mark the start of a fresh chapter for Maxim’s, bringing an end to decades of part ownership by the conglomerate Jardine Matheson, which owns DFI Retail. Jardine Matheson bought a 50 per cent interest in Maxim’s in 1972, before transferring the stake to Dairy Farm, now known as DFI... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369371/dfi-retail-sells-stake-maxims-return-starbucks-business-us340m?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369371/dfi-retail-sells-stake-maxims-return-starbucks-business-us340m?utm_source=rss_feed Wed, 30 Sep 2026 14:00:17 +0000 Haining Gao Haining Gao – https://www-scmp-com.libproxy1.nus.edu.sg/plus/tech/tech-trends/article/3369300/chinese-biopharmas-global-expansion?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/plus/tech/tech-trends/article/3369300/chinese-biopharmas-global-expansion?utm_source=rss_feed Wed, 30 Sep 2026 06:30:44 +0000 Zhang Shidong Zhang Shidong Mainland Chinese and Hong Kong stocks may face a challenging fourth quarter as investors contend with underwhelming stimulus measures from Beijing, tighter financial conditions in the US and a shift in the narrative around the artificial intelligence trade, according to analysts. The two markets were likely to consolidate through the rest of the year as investors digest the negatives before settling on a clearer direction, according to brokerages including Zheshang Securities and CCB... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369292/mainland-chinese-hong-kong-stocks-face-bumpy-fourth-quarter-risks-mount-analysts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369292/mainland-chinese-hong-kong-stocks-face-bumpy-fourth-quarter-risks-mount-analysts?utm_source=rss_feed Wed, 30 Sep 2026 06:00:06 +0000 Yulu Ao Yulu Ao Yi Huiman, the former chairman of China’s securities regulator, has been formally prosecuted for allegedly accepting “especially large” bribes, as Beijing presses ahead with a sweeping anti-corruption campaign in the financial sector. Prosecutors in the eastern city of Qingdao recently filed a case against Yi with the Qingdao Intermediate People’s Court after an investigation by the National Commission of Supervision, state-owned Xinhua News Agency said on Wednesday. Yi allegedly used his... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369289/former-csrc-chairman-yi-huiman-formally-prosecuted-taking-especially-large-bribes?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369289/former-csrc-chairman-yi-huiman-formally-prosecuted-taking-especially-large-bribes?utm_source=rss_feed Wed, 30 Sep 2026 05:30:05 +0000 Tim Yuen Lingk Tim Yuen Lingk China’s corporate sector remains considerably weaker than it was before the Covid-19 pandemic, but the country is emerging as a key beneficiary of the global artificial intelligence boom thanks to its ample power capacity, according to a Natixis survey of thousands of firms and a separate research report. Profit margins at Chinese firms had stabilised at about 4.5 per cent for the first half of 2026, but remained well below the nearly 9 per cent recorded by their global peers, according to the... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369282/chinese-firms-trail-global-peers-profits-ai-power-boom-offers-bright-spot-natixis?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369282/chinese-firms-trail-global-peers-profits-ai-power-boom-offers-bright-spot-natixis?utm_source=rss_feed Wed, 30 Sep 2026 05:00:10 +0000 Xinmei Shen Xinmei Shen Shares of Akeso surged after British drug maker AstraZeneca moved to advance the Chinese biotech firm’s flagship cancer drug, while a new deal from US giant Merck further underscored the sector’s global momentum amid easing fears of US curbs. AstraZeneca on Tuesday announced a US$2 billion equity investment in Florida-headquartered Summit Therapeutics, which holds the exclusive rights to develop and commercialise Akeso’s immunotherapy drug ivonescimab outside China. Summit and AstraZeneca would... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369187/astrazeneca-merck-novo-deals-boost-chinese-biotech-global-interest-grows?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369187/astrazeneca-merck-novo-deals-boost-chinese-biotech-global-interest-grows?utm_source=rss_feed Tue, 29 Sep 2026 09:00:07 +0000 Yulu Ao Yulu Ao Global investors are turning to China again in search of alternatives to crowded US asset markets, with Pimco seeing Chinese bonds as one of the safest ways to diversify portfolios after sentiment towards the world’s second-largest economy “flipped 180 degrees”. The US-based asset manager, which oversaw more than US$2 trillion in assets by the end of June, had been pointing its clients, particularly those outside the United States, towards Chinese offshore bonds, according to its president,... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369148/180-degree-flip-sees-global-investors-turn-china-diversification-pimco-president?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369148/180-degree-flip-sees-global-investors-turn-china-diversification-pimco-president?utm_source=rss_feed Tue, 29 Sep 2026 08:00:11 +0000 Frank Tang Frank Tang JPMorgan Chase, the world’s top bank by market capitalisation, plans to expand hiring and technology investment across mainland China and Hong Kong and is looking to take advantage of the city’s strengthening capital markets as well as its platform for serving companies operating in and out of the Chinese market, according to senior executives. CEO Jamie Dimon said the banking giant’s China-related business, measured by factors including client volume, has grown sharply over the past decade –... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369009/why-jpmorgan-expanding-china-ceo-dimon-sees-another-decade-sharp-growth?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369009/why-jpmorgan-expanding-china-ceo-dimon-sees-another-decade-sharp-growth?utm_source=rss_feed Tue, 29 Sep 2026 06:00:05 +0000 Zhang Shidong,Zoe SL Chan,Themis Qi Zhang Shidong,Zoe SL Chan,Themis Qi Some securities companies have begun to clean up non-compliant overseas stock trading by mainland Chinese investors following a regulatory crackdown that started months ago with fines on Tiger Brokers and Futu Securities International. Orient Securities’ mainland-based clients that have trading accounts in its Hong Kong unit will be banned from buying stocks and transferring in funds starting on Wednesday, according to a notice to customers seen by the South China Morning Post. Guotai Junan... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369152/chinese-brokerages-get-line-beijings-crackdown-overseas-stock-trading?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369152/chinese-brokerages-get-line-beijings-crackdown-overseas-stock-trading?utm_source=rss_feed Tue, 29 Sep 2026 05:25:03 +0000 Chris Tsang Chris Tsang Hong Kong’s Town Planning Board has rejected an application from a consortium of developers to rezone a commercial project in Kowloon for development as residential flats, leaving sellers struggling with high vacancy rates, according to analysts. A consortium formed by CSI Properties, Asia Standard International, and Chongqing-born property tycoon Cheung Chung-kiu applied to the Town Planning Board to redevelop “Harbourside HQ” – a grade A office building at 8 Lam Chak Street, Kowloon Bay, which... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369122/plan-turn-hong-kong-office-block-flats-rejected-amid-high-commercial-vacancy-rates?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369122/plan-turn-hong-kong-office-block-flats-rejected-amid-high-commercial-vacancy-rates?utm_source=rss_feed Tue, 29 Sep 2026 00:01:06 +0000 Frank Tang Frank Tang Jamie Dimon’s recent whirlwind visit to Hong Kong followed a similar script: a schedule packed with meetings involving the entrepreneurs and business leaders connecting China with global markets. But it was his increasingly visible stance on global issues that appeared to extend his career beyond market strategy and financial industry leadership as CEO of JPMorgan Chase. His preoccupation with economic growth and world affairs drew particular attention in Hong Kong last week, shortly before... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369097/jpmorgans-jamie-dimon-how-growth-can-untangle-us-china-strife-thorny-global-issues?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369097/jpmorgans-jamie-dimon-how-growth-can-untangle-us-china-strife-thorny-global-issues?utm_source=rss_feed Mon, 28 Sep 2026 20:00:17 +0000 Daniel Ren Daniel Ren Volkswagen Group and its Chinese partner Gotion High-tech have stepped up a gear in tapping global demand for electric vehicle (EV) batteries with plans to invest a combined €3.22 billion (US$3.66 billion) to set up three production lines in Europe and North Africa. The factories, to be jointly owned by the German marque and China’s fourth-largest EV battery maker, would be capable of delivering 37.5 gigawatt hours (GWh) of lithium-ion battery capacity and 100,000 metric tons of cathode... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369104/vw-gotion-ramp-battery-production-europe-morocco-amid-rising-ev-demand?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369104/vw-gotion-ramp-battery-production-europe-morocco-amid-rising-ev-demand?utm_source=rss_feed Mon, 28 Sep 2026 14:28:42 +0000 Djoomart Otorbaev Djoomart Otorbaev The global electronics industry is entering a structural transition. For over two decades, China served as the dominant manufacturing centre, with an unmatched concentration of suppliers, skilled labour, infrastructure, logistics and engineering capabilities. That concentration is being diluted. But interpreting this as the decline of Chinese manufacturing would be a mistake. China is exporting parts of its manufacturing process while retaining the industrial capabilities that matter... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3368704/china-no-longer-just-worlds-factory-its-hq?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3368704/china-no-longer-just-worlds-factory-its-hq?utm_source=rss_feed Mon, 28 Sep 2026 12:30:13 +0000 Zhang Shidong Zhang Shidong Mainland Chinese stocks fell to their lowest level in 13 months on Monday as the sell-off in technology shares intensified amid concerns that elevated global capital costs and surging oil prices would curb risk appetite. Markets opened the week on a sombre note, with the CSI 300 Index dropping 2.2 per cent to close at a level not seen since August 21 last year. The chip-heavy Star Market 50 index tumbled 4.1 per cent, capping its steepest single-day decline in five weeks and closing in on the... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369040/mainland-chinese-stocks-hit-13-month-low-tech-sell-hong-kong-market-holds?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369040/mainland-chinese-stocks-hit-13-month-low-tech-sell-hong-kong-market-holds?utm_source=rss_feed Mon, 28 Sep 2026 07:34:46 +0000 Zoe SL Chan Zoe SL Chan Zhuhai Amicro Technology, a Xiaomi-backed chipmaker, is preparing to begin premarketing for a Hong Kong initial public offering (IPO) of more than US$100 million as early as this week, according to people familiar with the matter. The company passed its listing hearing with bourse operator Hong Kong Exchanges and Clearing (HKEX) last week, clearing the final regulatory hurdle for a share sale in the city, the people said, requesting anonymity because the information is private. According to... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369017/xiaomi-backed-robotics-chip-designer-clears-hearing-eyes-us100m-hong-kong-ipo-sources?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369017/xiaomi-backed-robotics-chip-designer-clears-hearing-eyes-us100m-hong-kong-ipo-sources?utm_source=rss_feed Mon, 28 Sep 2026 05:14:07 +0000 Zhang Shidong Zhang Shidong Several Chinese mutual funds investing in US stocks have warned investors about risks associated with hefty premiums to their net asset values, highlighting persistent demand for US equities even after Beijing expanded quotas for outbound investment. At least six fund houses, including China Asset Management, Hua An Fund Management and China Universal Asset Management, issued warnings last week after the market prices of some of their funds rose substantially above their net asset values,... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369001/china-fund-managers-warn-premium-risks-fresh-quotas-fail-ease-demand?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369001/china-fund-managers-warn-premium-risks-fresh-quotas-fail-ease-demand?utm_source=rss_feed Mon, 28 Sep 2026 03:48:05 +0000 Daniel Ren Daniel Ren International investors who have seen early signs of recovery in mainland China’s office and retail property markets are expected to start buying when oversupply concerns are eased, according to global real estate firm JLL. Stuart Crow, JLL’s CEO for capital markets in the Asia-Pacific region, said foreign institutions would fall back in love with mainland property assets when new supply was absorbed by fresh take-up. “International investors are waiting for the real economy to really absorb... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368806/global-property-investors-see-signs-recovery-china-wary-oversupply-jll?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368806/global-property-investors-see-signs-recovery-china-wary-oversupply-jll?utm_source=rss_feed Sun, 27 Sep 2026 08:00:12 +0000 Daniel Ren Daniel Ren EnerVenue, a start-up co-founded by Full Vision Capital, the family office of Hong Kong tycoon Peter Lee Ka-kit, has begun manufacturing a new battery it expects to challenge existing energy-storage technologies dominated by mainland Chinese players, amid surging global demand for green energy. The California-based company can now produce 250 megawatt-hours (MWh) of nickel-hydrogen batteries annually at its factory in Changzhou, in eastern China’s Jiangsu province, and plans to raise capacity to... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3368843/hong-kong-tycoon-backed-start-bets-new-battery-challenge-energy-storage-giants?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3368843/hong-kong-tycoon-backed-start-bets-new-battery-challenge-energy-storage-giants?utm_source=rss_feed Sat, 26 Sep 2026 08:00:06 +0000 He Huifeng He Huifeng Mooncakes, a sweet staple for China’s annual Mid-Autumn Festival, are not just for people any more. Humans are pulling back, but dogs are digging in. So are cats. Pet mooncakes are popping up across China, from major retailers such as Sam’s Club to online stores and small bakeries. And many are quickly selling out. In the southwestern metropolis of Chengdu, a pack of pet mooncakes selling online for about 50 yuan (US$8) has racked up thousands of sales, news outlet thecover.cn reported. In the... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3368747/mooncakes-dog-how-china-reinventing-its-iconic-festive-snack?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3368747/mooncakes-dog-how-china-reinventing-its-iconic-festive-snack?utm_source=rss_feed Fri, 25 Sep 2026 06:00:26 +0000 Themis Qi Themis Qi China’s electric vehicle (EV) makers and battery manufacturers are locked in negotiations over which party should pay a resumed consumption tax, according to industry sources, a conflict that underlines carmakers’ struggles amid weak home market demand. Beijing is ending an 11-year exemption on a 4 per cent consumption tax on lithium-ion batteries and related products. It returned to 2 per cent on September 1 and will be fully restored one year later. The country’s battery makers planned to pass... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3368627/chinas-ev-and-battery-makers-tussle-over-paying-resumed-lithium-ion-tax-sources?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3368627/chinas-ev-and-battery-makers-tussle-over-paying-resumed-lithium-ion-tax-sources?utm_source=rss_feed Fri, 25 Sep 2026 00:00:29 +0000 Zhu Wenqian Zhu Wenqian US premium coffee brand Blue Bottle Coffee will open its first Beijing store in the capital’s central business district, as it seeks to tap into China’s still growing market for the drink. The California-based brand is taking a spacious unit at China World Mall. The location, currently enclosed by construction hoarding, was previously occupied by Japanese jeweller Tasaki. The brand has yet to reveal an official opening date, though industry sources said the shop was expected to open by the end... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368658/blue-bottle-bets-chinese-consumers-will-drink-more-premium-coffee?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368658/blue-bottle-bets-chinese-consumers-will-drink-more-premium-coffee?utm_source=rss_feed Thu, 24 Sep 2026 23:00:25 +0000 Zoe SL Chan Zoe SL Chan Beijing’s recent tightening of approvals for humanoid robot makers seeking initial public offerings (IPOs) poses no threat to companies with clear commercialisation strategies, as funding channels remain wide open for qualified players, according to Deloitte China. “Market funds are shifting from the ‘blind rush’ of the past to ‘fine screening’,” said Dick Kay, Deloitte China’s capital market services group national leader, at a press conference on Thursday. Investors and regulators now placed... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3368647/chinas-humanoid-robot-ipo-slowdown-no-threat-firms-genuine-strength-deloitte?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3368647/chinas-humanoid-robot-ipo-slowdown-no-threat-firms-genuine-strength-deloitte?utm_source=rss_feed Thu, 24 Sep 2026 09:08:50 +0000 Daisy Wu Daisy Wu The sentiment among investors that China is a “single bet” is giving way to picking individual winners, with technology displacing property as the engine of growth, according to DBS Bank (Hong Kong). “Instead of looking at China as one big thing, there are selective sectors that we think will benefit from this trend,” Dennis Lam, managing director and head of research at the bank, said during a media briefing on Thursday. Artificial intelligence, advanced manufacturing and innovative drugs would... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368626/investors-pivot-selective-china-bets-technology-property-growth-fades-dbs-bank?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368626/investors-pivot-selective-china-bets-technology-property-growth-fades-dbs-bank?utm_source=rss_feed Thu, 24 Sep 2026 08:00:34 +0000 Ralph Jennings Ralph Jennings A three-day public holiday used to be a big deal in China. Then came “golden weeks”, which would sometimes stretch to nine days, sending millions of people in search of new sights across the country and further afield. Now an alignment of the Mid-Autumn Festival and the National Day holiday will give many Chinese students and office workers up to a record 13-day break, potentially pushing tourist traffic to new heights. “The more interesting change this year is not simply higher volume, but the... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3368623/skydiving-whale-watching-and-burst-bookings-holidays-extend-millions-china?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3368623/skydiving-whale-watching-and-burst-bookings-holidays-extend-millions-china?utm_source=rss_feed Thu, 24 Sep 2026 07:33:29 +0000 Yulu Ao Yulu Ao China Asset Management (Hong Kong), the offshore arm of one of mainland China’s largest asset managers, launched three exchange-traded funds (ETFs) in the city on Thursday, expanding its product line-up as investors seek more diversified strategies amid market volatility and a broader boom in the ETF market. The three products – a Hong Kong high-dividend ETF, a Hong Kong growth ETF and a Hong Kong-US “Halo” ETF – are scheduled to list on the Hong Kong stock exchange on September 30, with trading... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368617/chinaamc-launches-3-hong-kong-etfs-demand-targeted-strategies-grows?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368617/chinaamc-launches-3-hong-kong-etfs-demand-targeted-strategies-grows?utm_source=rss_feed Thu, 24 Sep 2026 07:00:36 +0000 Iris Deng Iris Deng Tencent Holdings on Thursday launched TenPayGo, a mobile payment app targeting foreign visitors, as the tech giant seeks to capture China’s growing inbound tourism market ahead of the Asia-Pacific Economic Cooperation (Apec) summit in Shenzhen. Developed by Tencent’s WeChat Pay team, TenPayGo allowed international travellers to make payments at tens of millions of shops, restaurants and attractions across the WeChat Pay network by linking their credit cards or their home-country digital wallets... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3368544/tencent-rolls-out-payment-app-foreign-travellers-ahead-apec-summit?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3368544/tencent-rolls-out-payment-app-foreign-travellers-ahead-apec-summit?utm_source=rss_feed Thu, 24 Sep 2026 05:19:05 +0000 Zhang Shidong Zhang Shidong A more than 1,700 per cent share-price surge by a new listing on the Shanghai Stock Exchange last week put a spotlight on a state-owned industrial compressor manufacturer, leading the bourse operator to intervene to curb speculative trading. ShenGu Group, a maker of centrifugal compressors in northeast China’s Liaoning province, grabbed headlines when its stock soared 1,216 per cent from its offer price two days after it began trading on September 17, with an intraday high on the second day of... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368595/1700-share-surge-chinese-state-owned-compressor-maker-exposes-risks-new-listings?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368595/1700-share-surge-chinese-state-owned-compressor-maker-exposes-risks-new-listings?utm_source=rss_feed Thu, 24 Sep 2026 04:02:26 +0000 Enoch Yiu Enoch Yiu Bourse operator Hong Kong Exchanges and Clearing (HKEX) will launch yuan-denominated gold futures early next year, while the city’s de facto central bank plans to introduce more yuan products and platforms to support the diversification and digitalisation of the currency’s internationalisation, speakers at a banking summit said on Wednesday. “We have recently reactivated our gold contract in the US dollar. But in the future, perhaps sometime early next year, we will be coming up with a... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3368483/hong-kong-unveils-gold-bond-and-liquidity-plans-drive-next-phase-yuan-adoption?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3368483/hong-kong-unveils-gold-bond-and-liquidity-plans-drive-next-phase-yuan-adoption?utm_source=rss_feed Wed, 23 Sep 2026 09:00:25 +0000 Daniel Ren Daniel Ren Contemporary Amperex Technol­ogy Ltd (CATL) has cleared all regulatory hurdles for its mega factory in Hungary, a development that analysts expect will help the world’s largest producer of electric vehicle (EV) batteries extend its reach to international marques like BMW and Volkswagen. Production of battery cells at the €7.3 billion (US$8.35 billion) plant in Debrecen, the second-largest city in Hungary, began on Tuesday after it fulfilled all preconditions for a trial run, the company said. It... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368463/chinese-ev-battery-giant-catl-starts-trial-production-hungarian-factory?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368463/chinese-ev-battery-giant-catl-starts-trial-production-hungarian-factory?utm_source=rss_feed Wed, 23 Sep 2026 06:00:04 +0000 Zhang Shidong Zhang Shidong The global artificial intelligence trade is staging a comeback, as a confluence of falling oil prices, Meta Platforms’ launch of a new agentic tool and anticipation surrounding the China-US leadership summit reignite investor interest in technology stocks. The Nasdaq-100 Index – where tech firms make up nearly 70 per cent of the 100 companies featured – hit an all-time high on Tuesday, surpassing the previous record set in June. In Asia, China’s chip-heavy Star Market 50 Index and South Korea’s... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368470/ai-trade-outlook-brightens-falling-oil-and-metas-muse-agent-ahead-xi-trump-meeting?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368470/ai-trade-outlook-brightens-falling-oil-and-metas-muse-agent-ahead-xi-trump-meeting?utm_source=rss_feed Wed, 23 Sep 2026 05:02:40 +0000 Xinmei Shen Xinmei Shen China’s edge in fast, cost-effective early clinical trials has propelled its emergence as a global biopharmaceutical powerhouse, but there is a risk that the United States could take steps to curb that advantage, according to analysts. US lawmakers and officials at the Food and Drug Administration (FDA) have raised the alarm about American pharmaceutical companies’ growing reliance on conducting early clinical trials in China, flagging the opaqueness of the process and the need to keep medical... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3368445/rising-us-scrutiny-clinical-trials-could-threaten-chinas-biotech-advantage-analysts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3368445/rising-us-scrutiny-clinical-trials-could-threaten-chinas-biotech-advantage-analysts?utm_source=rss_feed Wed, 23 Sep 2026 02:00:09 +0000 Paul Buck Paul Buck In June, Chinese regulators approved the world’s first CAR-T cell therapy for solid tumour cancers, developed by a drug company based in Shanghai. One month later, at a hospital in the city, a New Zealander with advanced cancer of the stomach and small intestine became the first international patient to receive the breakthrough treatment. Chimeric antigen receptor T-cell therapy, to give it its full name, is a cutting-edge treatment that, until then, had only been approved to treat blood... https://www-scmp-com.libproxy1.nus.edu.sg/plus/news/china/science/article/3368352/chinas-cancer-breakthrough-car-t-cell-therapy-shows-progress?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/plus/news/china/science/article/3368352/chinas-cancer-breakthrough-car-t-cell-therapy-shows-progress?utm_source=rss_feed Wed, 23 Sep 2026 00:45:04 +0000 Yulu Ao Yulu Ao China’s push for tech self-reliance is opening new investment opportunities in artificial intelligence stocks, but stretched valuations and geopolitical tensions make the sector an increasingly risky bet, according to Bank of America. The country’s tech firms are catching up with overseas rivals while a wave of high-profile listings has broadened investment opportunities, Winnie Wu, head of Asia-Pacific equity strategy research and co-head of China equity research at Bank of America, said in a... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368401/chinas-ai-self-reliance-presents-opportunities-valuations-geopolitics-are-risks-bofa?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368401/chinas-ai-self-reliance-presents-opportunities-valuations-geopolitics-are-risks-bofa?utm_source=rss_feed Wed, 23 Sep 2026 00:00:21 +0000 Iris Deng Iris Deng Chinese chipmaker Hygon Information Technology on Tuesday launched a suite of central processing units (CPUs) for robotics and industrial edge devices, expanding beyond cloud computing and into the fast-growing market for physical artificial intelligence. The firm unveiled its Hygon 1000 series processors, designed to be embedded into physical devices in industrial automation systems such as robotics and factory controllers, enabling computing and graphics processing to be handled locally. Built... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3368417/chinas-hygon-moves-beyond-data-centres-embedded-processors-robotics-edge-ai?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3368417/chinas-hygon-moves-beyond-data-centres-embedded-processors-robotics-edge-ai?utm_source=rss_feed Tue, 22 Sep 2026 14:30:09 +0000 Zoe SL Chan Zoe SL Chan Television maker Hisense Group Holdings’ optical communications unit made a steady debut in Hong Kong after raising HK$5.6 billion (US$714 million), adding momentum to a fresh wave of mainland Chinese conglomerates spinning off business units to tap overseas capital and support technology expansion. Shares of fibre-optic communications equipment maker Ligent Technologies jumped as much as 19.2 per cent on Tuesday morning, valuing the company at more than HK$35 billion. The stock pared early... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368345/hisense-unit-leaps-hong-kong-debut-amid-rush-mainland-chinese-corporate-spin-offs?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368345/hisense-unit-leaps-hong-kong-debut-amid-rush-mainland-chinese-corporate-spin-offs?utm_source=rss_feed Tue, 22 Sep 2026 06:33:33 +0000 Zhang Shidong Zhang Shidong Hong Kong’s stock market is getting a dose of optimism from mainland China’s 41 trillion yuan (US$6.1 trillion) insurance industry, as some insurers are widely speculated to have bought exchange-traded funds (ETFs) in the city one month after regulators approved such purchases. Market observers highlighted a spike in trading volume for several Hong Kong-listed ETFs on Monday as evidence of buying by the mainland insurance companies. The National Financial Regulatory Administration, the watchdog... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368329/hong-kong-stocks-eye-fresh-inflows-mainland-chinas-insurers-sitting-us6-trillion?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368329/hong-kong-stocks-eye-fresh-inflows-mainland-chinas-insurers-sitting-us6-trillion?utm_source=rss_feed Tue, 22 Sep 2026 04:20:56 +0000 Zhu Wenqian Zhu Wenqian Chinese consumers are demanding more variety from the drinks sections in their local stores, and Swire Coca-Cola is employing robots to help quench this increasingly diversified thirst. The company began using a robotic system for order picking this month in a factory in Zhengzhou, capital of central China’s Henan province, where it has invested 900 million yuan (US$134.3 million). “China is a growth market, and consumer habits are changing,” said Peter Mills, chief supply chain officer of Swire... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368217/swire-coca-cola-gets-robots-heavy-lifting-satisfying-chinese-consumers-thirst?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368217/swire-coca-cola-gets-robots-heavy-lifting-satisfying-chinese-consumers-thirst?utm_source=rss_feed Mon, 21 Sep 2026 23:00:05 +0000 Cheryl Arcibal Cheryl Arcibal New World Development (NWD) received the green light from the Shanghai Stock Exchange to spin off and list a Reit (real estate investment trust) on the bourse, according to the distressed developer controlled by one of Hong Kong’s wealthiest families. The expected offering size for the NWD C-Reit was about 3.82 billion yuan (US$570 million), from which the group’s estimated net proceeds would be 3.24 billion yuan, Hong Kong-based NWD said in a statement on Monday. The underlying assets of the... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368276/hong-kong-developer-new-world-gets-nod-spin-k11-shanghai-assets?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3368276/hong-kong-developer-new-world-gets-nod-spin-k11-shanghai-assets?utm_source=rss_feed Mon, 21 Sep 2026 12:00:12 +0000 Daisy Wu Daisy Wu Hong Kong is strengthening its position as Asia’s hub for family business succession and cross-border capital allocation as wealthy families navigate economic uncertainty and a generational transfer of wealth, financial regulators and industrial executives said on Monday. Speaking at the South China Morning Post’s Redefining Hong Kong: Next Generation Wealth Conference, Undersecretary for Financial Services and the Treasury Joseph Chan Ho-lim highlighted what he described as the city’s unique... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3368270/how-hong-kong-positioning-bigger-role-asias-family-wealth-transition?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3368270/how-hong-kong-positioning-bigger-role-asias-family-wealth-transition?utm_source=rss_feed Mon, 21 Sep 2026 11:00:28 +0000