https://www-scmp-com.libproxy1.nus.edu.sg/rss/523901/feed The latest news and top stories on the China International Capital Corporation. A Beijing-based entity in the financial services sector, China International Capital Corporation (CICC) specialises in investment banking, securities, asset and wealth management. It primarily serves corporations, institutions and individuals worldwide and is known for being China’s first Sino-foreign joint venture investment bank and a top underwriter. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Sylvia Ma Sylvia Ma As the US Treasury imposed historic fines on Bank of America over compliance failures involving Chinese money-laundering networks, analysts see the action as a signal that could prompt Western banks to tighten scrutiny of Chinese clients and cross-border transactions. The penalties, announced on Tuesday and totalling more than US$1.21 billion, included what the US Treasury described as its third-largest penalty on record and the largest in the history of the Office of the Comptroller of the... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3370870/what-does-historic-bank-america-fine-mean-us-china-capital-streams?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3370870/what-does-historic-bank-america-fine-mean-us-china-capital-streams?utm_source=rss_feed Wed, 14 Oct 2026 13:00:09 +0000 Zoe SL Chan,Enoch Yiu Zoe SL Chan,Enoch Yiu Hong Kong’s securities watchdog has moved against two syndicates suspected of being involved in three alleged initial public offering fraud schemes involving assets worth HK$4.6 billion (US$590 million), according to a statement released on Tuesday. The Securities and Futures Commission (SFC) also announced on the same day that it had suspended 65 listing applications in the first nine months of this year due to the poor quality of their listing sponsors’ work, in what analysts viewed as an... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370697/hong-kong-watchdog-orders-suspension-third-stock-month?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370697/hong-kong-watchdog-orders-suspension-third-stock-month?utm_source=rss_feed Tue, 13 Oct 2026 07:00:10 +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?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3370375/chinese-brokers-work-crack-final-code-win-clients-global-stage?utm_source=rss_feed Sun, 11 Oct 2026 14:00:07 +0000 Sylvia Ma,Ralph Jennings Sylvia Ma,Ralph Jennings China’s National Day holiday saw travel remain broadly stable as the break – an extended length of time compared with 2025 – supported longer-distance trips, though cinema cooled sharply, offering mixed signals on efforts to revive consumer spending. Over the seven-day break, which ended on Wednesday, China recorded 2.142 billion cross-regional passenger trips, averaging 306 million a day, up 0.7 per cent year on year, according to the Ministry of Transport, as reported by state broadcaster CCTV... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3370156/chinas-national-day-holiday-sees-uptick-longer-trips-overseas-travel?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3370156/chinas-national-day-holiday-sees-uptick-longer-trips-overseas-travel?utm_source=rss_feed Thu, 08 Oct 2026 07:01:14 +0000 Zoe SL Chan Zoe SL Chan Shenzhen Camsense Technologies, a maker of spatial sensors for robotic vacuum cleaners, launched a Hong Kong initial public offering (IPO) that aims to raise about HK$680 million (US$86.7 million), despite headwinds from Washington’s recent import ban on foreign-made vacuum robots. “The export and procurement for our existing client products remain normal, with potential disruption limited to new product development schedules,” Camsense co-founder Zhou Kun said about the ban’s impact. “We have... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3368466/chinese-maker-robot-vacuum-sensors-launches-hong-kong-ipo-undeterred-us-ban?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3368466/chinese-maker-robot-vacuum-sensors-launches-hong-kong-ipo-undeterred-us-ban?utm_source=rss_feed Wed, 23 Sep 2026 05:00:09 +0000 Yulu Ao Yulu Ao Hong Kong stocks could face greater volatility from renewed US monetary tightening, but the impact should be short-lived unless the Federal Reserve embarks on a sustained rate-increase cycle, according to China International Capital Corporation (CICC). The Fed rate increase would not necessarily spell losses for Hong Kong stocks, as monetary conditions were only one of several factors driving the market, said Liu Gang, chief offshore China and overseas strategist and managing director at CICC... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3367781/us-rate-increase-should-only-have-short-term-impact-hong-kong-stocks-cicc?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3367781/us-rate-increase-should-only-have-short-term-impact-hong-kong-stocks-cicc?utm_source=rss_feed Thu, 17 Sep 2026 00:00:20 +0000 Themis Qi Themis Qi Two Chinese state-owned carmakers, Guangzhou Automobile Group (GAC) and FAW Group, are weighing a restructuring that could integrate their joint venture operations with Japanese giant Toyota, industry insiders say, following Beijing’s call for consolidation amid weakening domestic demand. GAC planned to acquire part of FAW’s equity in a joint venture vehicle manufacturer through a share issuance and raise supporting funds, the Guangzhou-based carmaker said in an exchange filing on Monday night,... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3367538/gac-shares-jump-faw-tie-plans-amid-beijing-drive-car-industry-mergers?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3367538/gac-shares-jump-faw-tie-plans-amid-beijing-drive-car-industry-mergers?utm_source=rss_feed Tue, 15 Sep 2026 05:00:26 +0000 Daisy Wu Daisy Wu China’s securities regulator and its industry body are moving to close compensation loopholes for brokerage management and staff, extending anti-corruption oversight to overseas operations for the first time, as Beijing pushes the sector to build world-class investment banks. The Securities Association of China, a self-regulatory body under the supervision of the regulator, recently sent brokerages a revised draft of its rules on “clean practices”, seeking industry feedback by September 29,... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3367465/china-targets-offshore-operations-brokerages-crackdown-pay-loopholes-corruption?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3367465/china-targets-offshore-operations-brokerages-crackdown-pay-loopholes-corruption?utm_source=rss_feed Tue, 15 Sep 2026 00:00:11 +0000 Yulu Ao Yulu Ao China’s leading brokerages are accelerating their push overseas, pouring billions of yuan into their international arms as cross-border deals expand and profits from overseas operations grow, according to their latest interim reports. Citic Securities, one of China’s largest brokerages, saw revenue generated outside mainland China rise 45.5 per cent, year on year, to 15.86 billion yuan (US$2.4 billion) in the six months ended June, according to its interim report. The growth slightly outpaced... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3365823/chinas-top-brokerages-step-global-push-overseas-profits-surge?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3365823/chinas-top-brokerages-step-global-push-overseas-profits-surge?utm_source=rss_feed Tue, 01 Sep 2026 02:00:09 +0000 Xinmei Shen,Coco Feng Xinmei Shen,Coco Feng The top two executives at Alibaba Group Holding bought a combined HK$120 million (US$15.3 million) worth of the company’s ordinary shares on Monday in a vote of confidence after the tech giant unveiled one of China’s biggest fundraising rounds dedicated to AI. The share placement, the first since Alibaba’s listing in Hong Kong in 2019, was oversubscribed three times amid strong investor sentiment, according to people familiar with the situation, reflecting what analysts said was “stronger growth... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3365003/alibaba-sets-price-us102-billion-new-share-offer-fuel-ai-expansion?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3365003/alibaba-sets-price-us102-billion-new-share-offer-fuel-ai-expansion?utm_source=rss_feed Mon, 24 Aug 2026 01:59:29 +0000 Daisy Wu Daisy Wu For decades, Wall Street titans – from former Goldman Sachs chief Henry Paulson to Blackstone co-founder Stephen Schwarzman and Bridgewater founder Ray Dalio – were hailed as “old friends of China”, feted by senior officials and granted rare access to the country’s top leadership. Today, while American financiers continue to visit China and maintain commercial links, those private meetings with the top leadership have largely diminished, even as Beijing gradually opens its capital markets. The... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3364838/wall-street-helped-build-modern-china-it-now-being-cast-aside?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3364838/wall-street-helped-build-modern-china-it-now-being-cast-aside?utm_source=rss_feed Sun, 23 Aug 2026 10:00:08 +0000 Zhang Shidong Zhang Shidong Hong Kong is doubling down on efforts to increase its stock market’s exposure to the technology industry, as the city endeavours to catch up in the global artificial intelligence trade and potentially even challenge the Nasdaq. Several mainland Chinese hardware tech companies – particularly producers of the optical transceivers used in AI data centres – are lining up for stock offerings in the city after the debut of transceiver maker Zhongji Innolight last month, reshaping the dynamics of... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3363741/hong-kong-seeks-tech-exposure-take-nasdaq-amid-beijings-rising-ai-dominance?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3363741/hong-kong-seeks-tech-exposure-take-nasdaq-amid-beijings-rising-ai-dominance?utm_source=rss_feed Wed, 12 Aug 2026 06:00:38 +0000 Richard Chen Richard Chen China’s AgiBot has surpassed its domestic rival Unitree Robotics to become the world’s largest humanoid robot vendor in the first half of 2026, according to new research, as both industry heavyweights prepare for public listings amid a physical AI boom. Shanghai-based Agibot captured 44 per cent of the global market after shipping roughly 8,400 humanoid robots from January to June, San Francisco-based research firm Smart Analytics Global (SAG) said in a report published on Sunday. AgiBot’s... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3363544/agibot-overtakes-unitree-top-global-humanoid-robot-vendor-first-half-amid-ipo-push?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3363544/agibot-overtakes-unitree-top-global-humanoid-robot-vendor-first-half-amid-ipo-push?utm_source=rss_feed Mon, 10 Aug 2026 11:30:09 +0000 Coco Feng,Ben Jiang Coco Feng,Ben Jiang Chinese start-up X Square Robot has filed confidentially for an initial public offering (IPO) in Hong Kong, according to two sources familiar with the matter, joining a growing wave of domestic robot makers flocking to capital markets, despite new US trade restrictions. The Shenzhen-based firm has tapped Huatai Securities and Morgan Stanley as sponsors for the prospective float, one of the sources said. Besides X Square, AgiBot and Galbot have also filed confidentially for Hong Kong IPOs, the... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-war/article/3363028/chinas-x-square-robot-submits-confidential-filing-hong-kong-ipo-sources-say?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-war/article/3363028/chinas-x-square-robot-submits-confidential-filing-hong-kong-ipo-sources-say?utm_source=rss_feed Wed, 05 Aug 2026 07:22:03 +0000 Zoe SL Chan Zoe SL Chan Beijing’s heightened scrutiny of overseas portfolio investment and tax practices has yet to significantly weaken mainland investors’ demand for legitimate cross-border investments, according to China International Capital Corporation (CICC). The Beijing-headquartered investment bank is still seeing “robust” demand from its domestic clients, though the long-term effects of the policy tightening will need to be closely monitored, said Qiao Bo, head of investment products and solutions and a... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3362458/cross-border-investment-still-robust-despite-chinas-growing-controls-cicc?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3362458/cross-border-investment-still-robust-despite-chinas-growing-controls-cicc?utm_source=rss_feed Fri, 31 Jul 2026 02:00:31 +0000 Howard Liu Howard Liu The three independent spin-offs of Chinese fintech giant Ant Group are accelerating their capital-raising efforts, forging distinct financial paths after gaining operational autonomy in 2024. Ant Digital Technologies is preparing a financing round ahead of its initial public offering, according to Chinese financial news outlet STAR Market Daily, marking the latest strategic move from one of the units that it spun off. Details regarding the round’s valuation, target size, timeline or planned... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3362420/ant-group-spin-offs-pursue-independent-growth-strategic-capital-moves?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3362420/ant-group-spin-offs-pursue-independent-growth-strategic-capital-moves?utm_source=rss_feed Thu, 30 Jul 2026 11:39:36 +0000 Zoe SL Chan Zoe SL Chan Zhongji Innolight suffered a rocky start in its highly anticipated Hong Kong stock market debut on Thursday, as the Chinese firm felt the impact of a global downturn in investor sentiment towards the artificial intelligence sector. Shares closed two per cent lower at HK$960 after dropping as much as 10 per cent. The company’s Shenzhen-listed shares slipped 9.15 per cent to 864 yuan, narrowing their discount on the Hong Kong stock market to about four per cent. The Chinese firm – a leading... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3362321/zhongji-innolight-shares-fall-hong-kong-debut-amid-global-ai-sell?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3362321/zhongji-innolight-shares-fall-hong-kong-debut-amid-global-ai-sell?utm_source=rss_feed Thu, 30 Jul 2026 01:40:00 +0000 Sylvia Ma Sylvia Ma China has unveiled plans to waive issuance and servicing fees for panda bonds, adding fresh policy support to a market that has seen a surge in foreign borrowers seeking yuan funding amid a global “de-dollarisation” trend. China Central Depository and Clearing – the state-backed depository and clearing house serving much of China’s interbank bond market – said in a notice seeking public comment on Monday that the proposed measures would take effect from September and run through the end of... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3362091/china-waive-panda-bond-fees-through-2028-bolster-global-yuan-debt-market?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3362091/china-waive-panda-bond-fees-through-2028-bolster-global-yuan-debt-market?utm_source=rss_feed Tue, 28 Jul 2026 06:00:17 +0000 Zoe SL Chan Zoe SL Chan Zhongji Innolight, the largest IPO in Hong Kong in nearly seven years, has set the highest subscription threshold in the city’s history, dampening retail investors’ appetite, though institutional demand remains strong, with multiple oversubscriptions already placed, according to people familiar with the matter. Priced at a maximum of HK$1,010 per share and requiring 50 shares per board lot, the minimum threshold is HK$51,009.29 (US$6505.49), making it the most expensive initial public offering... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3361586/zhongji-sets-highest-subscription-threshold-hong-kong-ipo-history?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3361586/zhongji-sets-highest-subscription-threshold-hong-kong-ipo-history?utm_source=rss_feed Thu, 23 Jul 2026 09:00:26 +0000 Julie Zhang Julie Zhang Chinese mutual funds have reduced their Hong Kong stock holdings via the southbound Stock Connect to a more than two-year low in the second quarter, despite a lot of money moving southward over the same period. The share of Hong Kong stocks in their portfolios fell to 23.3 per cent in the second quarter of this year, which was lower than the 23.9 per cent posted two years earlier, according to a report published by investment bank China International Capital Corporation on Thursday. It also... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3361561/chinese-funds-cut-hong-kong-stock-holdings-2-year-low-despite-strong-southbound-flow?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3361561/chinese-funds-cut-hong-kong-stock-holdings-2-year-low-despite-strong-southbound-flow?utm_source=rss_feed Thu, 23 Jul 2026 06:01:18 +0000 Zoe SL Chan,Coco Feng Zoe SL Chan,Coco Feng Fast-growing Chinese robot maker AgiBot is pursuing an initial public offering in Hong Kong and has hired Citic Securities as a sponsor, according to two people familiar with the matter. Additionally, China International Capital Corporation (CICC) and Morgan Stanley have also been tapped as joint sponsors, one of the people said. Shanghai-based AgiBot had shown signs that it was looking to list following its restructuring from a limited liability company to a joint-stock limited firm last year,... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3361444/chinese-robot-maker-agibot-pursues-hong-kong-ipo-hiring-three-sponsors-sources?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3361444/chinese-robot-maker-agibot-pursues-hong-kong-ipo-hiring-three-sponsors-sources?utm_source=rss_feed Wed, 22 Jul 2026 07:09:56 +0000 Zoe SL Chan Zoe SL Chan Zhongji Innolight has attracted more than 30 cornerstone investors for its blockbuster initial public offering in Hong Kong, which could become the city’s biggest listing in seven years, according to people familiar with the matter. The Chinese maker of optical transceivers – which are widely used in artificial intelligence data centres – has already seen nearly half the base share offering for its IPO snapped up by major international and long-only funds including BlackRock, Temasek Holdings... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3361377/zhongji-innolight-aims-hong-kongs-biggest-ipo-7-years-us8b-sale?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3361377/zhongji-innolight-aims-hong-kongs-biggest-ipo-7-years-us8b-sale?utm_source=rss_feed Tue, 21 Jul 2026 12:46:13 +0000 Zoe SL Chan Zoe SL Chan The Hong Kong stock exchange has returned an IPO application sponsored by China’s leading investment bank, sending a strong signal of increased scrutiny. The listing application for Inner Mongolia Xingye Silver & Tin Mining, which is already listed on the A-share market in Shenzhen, was returned by Hong Kong Exchanges & Clearing (HKEX) on June 22, according to information released by the exchange operator on Thursday. It was the first initial public offering application to be returned in Hong... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3360855/hong-kong-exchange-returns-ipo-application-sponsored-top-chinese-investment-bank?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3360855/hong-kong-exchange-returns-ipo-application-sponsored-top-chinese-investment-bank?utm_source=rss_feed Fri, 17 Jul 2026 01:04:41 +0000 Sylvia Ma Sylvia Ma As the United States marks the 250th anniversary of its founding, it confronts a new world order dominated by its relationship with China. In this wide-ranging series, we examine the pressure points and possibilities in those ties, from hard tech to soft power. In this article, Sylvia Ma examines the numerous financial links between the two economies that make a true decoupling a difficult affair. On a landmark visit to Beijing in 1986, the New York Stock Exchange chairman at the time, John... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3359613/talk-us-china-decoupling-getting-loud-neither-side-ready-clean-break?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3359613/talk-us-china-decoupling-getting-loud-neither-side-ready-clean-break?utm_source=rss_feed Mon, 06 Jul 2026 22:00:11 +0000 Zoe SL Chan Zoe SL Chan Chinese autonomous-driving start-up Momenta drew massive subscription numbers for its HK$5.89 billion (US$751 million) initial public offering in Hong Kong, even as it competed against five other issuers launching their IPOs at the same time. The Suzhou-based company’s bookbuilding closed on Friday. Preliminary figures showed that it attracted nearly 210,000 subscription applications, with the public offering subscribed 414 times, according to people familiar with the matter. Sponsored by China... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3359360/chinas-momenta-ipo-oversubscribed-414-times-hong-kong-listings-pack-calendar?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3359360/chinas-momenta-ipo-oversubscribed-414-times-hong-kong-listings-pack-calendar?utm_source=rss_feed Fri, 03 Jul 2026 12:01:16 +0000 Chelsea Yang Chelsea Yang Chinese investment banks are raking in billions of dollars as they overtake their global rivals amid Hong Kong’s wave of initial public offerings led by technology firms, while Beijing pushes ahead with its ambition to forge a home-grown Goldman Sachs. The dominance of a handful of Chinese investment banks has extended to the IPO business, one of the most profitable segments, with Beijing-based China International Capital Corporation (CICC) taking the top ranking in both the Hong Kong and... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3359242/chinese-banks-surge-ahead-amid-hong-kongs-ipo-wave-challenging-global-giants?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3359242/chinese-banks-surge-ahead-amid-hong-kongs-ipo-wave-challenging-global-giants?utm_source=rss_feed Fri, 03 Jul 2026 03:00:07 +0000 Julie Zhang Julie Zhang Hong Kong has surrendered its IPO fundraising crown to Nasdaq following SpaceX’s blockbuster listing earlier this month, but it did so while seeing its IPO proceeds register a year-on-year rise of about 84 per cent in the first half of 2026 – consolidating the region’s position as a primary offshore financial hub for Chinese issuers. A total of 83 companies raised US$26.42 billion on the Hong Kong stock exchange’s main board from January to June, according to LSEG Data & Analytics. The figure,... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3358823/hong-kong-ipos-ride-chinas-tech-wave-nasdaq-leads-way-spacex-tsunami?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3358823/hong-kong-ipos-ride-chinas-tech-wave-nasdaq-leads-way-spacex-tsunami?utm_source=rss_feed Tue, 30 Jun 2026 02:00:09 +0000 Themis Qi Themis Qi Chinese self-driving technology start-up Momenta kicked off bookbuilding on Monday for a HK$5.89 billion (US$751 million) share listing on the Hong Kong stock exchange, testing market sentiment amid a sales slump in China’s car industry. The company is offering nearly 19.94 million shares at HK$295.60 per share. With 20 shares as the minimum board lot, the minimum investment is HK$5,971.62. Sponsored by CICC and Deutsche Bank, the bookbuilding closes on Friday, ahead of a scheduled trading debut... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3358709/chinese-self-driving-firm-momenta-eyes-us750m-hong-kong-ipo?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3358709/chinese-self-driving-firm-momenta-eyes-us750m-hong-kong-ipo?utm_source=rss_feed Mon, 29 Jun 2026 07:00:05 +0000 Iris Deng Iris Deng Luxshare Precision Industry, a key player in Apple’s AirPods and iPhone supply chains, passed a listing hearing for Hong Kong Exchanges and Clearing (HKEX), joining a wave of mainland Chinese technology manufacturing giants seeking diversified capital in the city. The Shenzhen-listed firm cleared the regulatory hurdle for a Hong Kong listing on Tuesday, days after receiving the green light from the China Securities Regulatory Commission for the offshore plan. The deal counts Citic Securities,... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3358183/apple-supplier-luxshare-precision-industry-passes-hearing-hong-kong-listing?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3358183/apple-supplier-luxshare-precision-industry-passes-hearing-hong-kong-listing?utm_source=rss_feed Wed, 24 Jun 2026 07:30:26 +0000 Chelsea Yang Chelsea Yang Brazil is set to become the latest major economy to issue panda bonds – yuan-denominated debt sold in the Chinese market – joining a growing group of countries that has embraced assets backed by China’s currency as a means of fundraising. According to analysts, the participation of Brazil – a founding member of the Brics (Brazil, Russia, India, China and South Africa) bloc of emerging markets and the world’s 10th-largest economy – marked a milestone for China, which is leveraging the wide... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3357883/panda-bonds-how-china-uses-assets-boost-yuans-profile-cement-partnerships?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3357883/panda-bonds-how-china-uses-assets-boost-yuans-profile-cement-partnerships?utm_source=rss_feed Mon, 22 Jun 2026 11:00:09 +0000 Sylvia Ma Sylvia Ma Despite delivering the widely expected decision to hold rates steady, Kevin Warsh’s first policy meeting as US Federal Reserve chair carried a noticeably more hawkish message on inflation, according to Chinese analysts. Alongside a more explicit focus on the inflation target, Warsh used the meeting to scale back the Fed’s reliance on forward guidance and announced five task forces to review the central bank’s policy framework and communications – moves analysts said marked the start of a new... https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3357581/warshs-us-fed-debuts-hawkish-inflation-message-and-policy-shift-chinese-analysts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3357581/warshs-us-fed-debuts-hawkish-inflation-message-and-policy-shift-chinese-analysts?utm_source=rss_feed Thu, 18 Jun 2026 14:30:05 +0000 Emma Ma Emma Ma Beijing’s long-standing efforts to reinvigorate the domestic economy continue to face headwinds, as the latest credit data points to persistently sluggish consumption and weak investment across China, with the tech sector standing out as a lone bright spot amid the central government’s push for innovation to reduce external reliance. New bank loans totalled 520 billion yuan (US$77 billion) in May, according to People’s Bank of China data released on Friday. The figure trailed the 620 billion... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3357179/china-credit-data-shows-sluggish-demand-more-household-deleveraging-amid-weak-investment?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3357179/china-credit-data-shows-sluggish-demand-more-household-deleveraging-amid-weak-investment?utm_source=rss_feed Mon, 15 Jun 2026 12:30:09 +0000 Xinmei Shen Xinmei Shen China holds an edge over the US when it comes to getting artificial intelligence applications into the hands of everyday users, according to tech executives and investors, though they warn that Chinese AI firms are looking increasingly overvalued. China still lagged in computing power but was only “100 days behind” the US in frontier AI model capabilities, according to Chi Zhang, general manager of finance industry at the Alibaba Cloud Intelligence Group, speaking on Thursday at the 2026 HKEX... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3356763/china-leads-us-everyday-ai-apps-firms-are-overvalued-experts-say?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3356763/china-leads-us-everyday-ai-apps-firms-are-overvalued-experts-say?utm_source=rss_feed Thu, 11 Jun 2026 13:00:14 +0000 Karen Tian Karen Tian China’s most profitable brokerage, and until recently its largest by assets, has become the first mainland securities firm to enter the A-category under Fitch Ratings’ framework, a milestone in China’s efforts to build globally competitive investment banks. Fitch, one of the world’s three major ratings agencies, assigned an A-minus long-term issuer default rating with a “stable” outlook to both Citic Securities and its Hong Kong-based subsidiary Citic Securities International on Tuesday. Fitch’s... https://www-scmp-com.libproxy1.nus.edu.sg/economy/economic-indicators/article/3356761/citic-securities-breaks-fitchs-rating-ceiling-first-category-chinese-brokerage?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/economic-indicators/article/3356761/citic-securities-breaks-fitchs-rating-ceiling-first-category-chinese-brokerage?utm_source=rss_feed Thu, 11 Jun 2026 13:00:07 +0000 June Xia June Xia China’s consumer inflation edged up in May from a year earlier, as the global oil shock linked to the US-Israel war on Iran helped alleviate some of the price effects from persistent weaknesses in household spending. The consumer price index (CPI), a key gauge of inflation, rose by 1.2 per cent year on year in May, according to data from the National Bureau of Statistics (NBS) released on Wednesday. The reading fell short of the 1.4 per cent increase estimated by economists in a survey by... https://www-scmp-com.libproxy1.nus.edu.sg/economy/economic-indicators/article/3356567/chinas-consumer-prices-see-may-uptick-oil-shock-inflates-factory-gate-costs?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/economic-indicators/article/3356567/chinas-consumer-prices-see-may-uptick-oil-shock-inflates-factory-gate-costs?utm_source=rss_feed Wed, 10 Jun 2026 02:31:00 +0000 He Huifeng He Huifeng The air carried a chill in Hengdian, one of China’s best-known hubs for drama and film production. Yu Shutian, a 30-year-old actress, was on her way to set at 3.30am, donned in a floral shirt and darkened make-up to play a rural villain. Referred to as “China’s Hollywood”, Hengdian – located in the eastern province of Zhejiang – has become an activity centre for the country’s fast-growing micro-drama industry, which produces low-budget, vertically-shot series designed for smartphones. With... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3356114/chinas-gig-economy-employment-reservoir-well-drying?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3356114/chinas-gig-economy-employment-reservoir-well-drying?utm_source=rss_feed Sat, 06 Jun 2026 22:00:14 +0000 Jeffie Lam,Cannix Yau Jeffie Lam,Cannix Yau Hong Kong leader John Lee Ka-chiu has wrapped up his visit to Central Asia after meeting high-level leaders and sealing nearly 100 partnership agreements aimed at opening the “big door” for local and mainland Chinese businesses. While reviving direct flights to the region was considered a big win from the trip, observers noted that the real challenges lay ahead as authorities and different parties must take necessary follow-up actions to realise the gains. Local authorities and businesses signed... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3356215/96-deals-signed-flights-planned-whats-next-hong-kong-and-central-asia?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3356215/96-deals-signed-flights-planned-whats-next-hong-kong-and-central-asia?utm_source=rss_feed Sat, 06 Jun 2026 10:53:23 +0000 Jeffie Lam Jeffie Lam Hong Kong has signed 96 agreements with Kazakhstan and Uzbekistan worth US$1.65 billion during city leader John Lee Ka-chiu’s visit to Central Asia, which he hailed as a “successful” mission setting the stage for closer government and business ties with the region. Lee on Thursday also said Hong Kong had initiated an agreement with Uzbekistan that paved the way for airlines on both sides to launch a new direct route, days after the city’s flag carrier Cathay Pacific Airways announced it would... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3356003/hong-kong-signs-96-agreements-kazakhstan-and-uzbekistan-worth-us165-billion?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3356003/hong-kong-signs-96-agreements-kazakhstan-and-uzbekistan-worth-us165-billion?utm_source=rss_feed Thu, 04 Jun 2026 15:15:48 +0000 Karen Tian Karen Tian As Chinese companies expand overseas and Beijing pushes to build globally competitive investment banks, the country’s leading brokerages are increasingly looking beyond the mainland market for growth, accelerating efforts to expand their international operations. Citic Securities, China’s most profitable brokerage and until recently its largest by assets, became the latest example on Thursday when it unveiled plans to raise 16 billion yuan (US$2.4 billion) through a new H-share placement to its... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3355494/another-chinese-brokerage-giant-adds-fuel-countrys-overseas-expansion-push?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3355494/another-chinese-brokerage-giant-adds-fuel-countrys-overseas-expansion-push?utm_source=rss_feed Mon, 01 Jun 2026 02:00:13 +0000 Zhang Shidong Zhang Shidong BOE Technology is on investors’ radar screens again after announcing its foray into a business linked to artificial intelligence infrastructure, causing the stock price of the Chinese maker of liquid-crystal displays (LCDs) to rally following years of listlessness. Yuan-denominated shares of the world’s biggest LCD maker have surged more than 30 per cent in Shenzhen over the past week after the company said last week that it would partner with Corning, the US manufacturer of optical fibres and... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3355026/30-rally-boe-tech-shows-how-ai-buildout-can-galvanise-chinese-lcd-maker?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3355026/30-rally-boe-tech-shows-how-ai-buildout-can-galvanise-chinese-lcd-maker?utm_source=rss_feed Wed, 27 May 2026 08:59:49 +0000 Sylvia Ma Sylvia Ma In an extraordinary break from the diplomatic restraint typical of central banks, a dozen leaders of the world’s foremost monetary institutions issued a joint statement in January declaring their “full solidarity” with the US Federal Reserve and its embattled chair, Jerome Powell. “The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve,” they wrote. The move was intended to shore up the separation of monetary... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3352914/investors-have-worries-about-trumps-pick-fed-chair-should-they?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3352914/investors-have-worries-about-trumps-pick-fed-chair-should-they?utm_source=rss_feed Sat, 09 May 2026 01:00:10 +0000 Zhu Wenqian Zhu Wenqian As China’s bear housing market enters its fifth year, a growing number of global investment bank analysts and property agents are increasingly optimistic on the sector, underscoring a positive view on its outlook fuelled by upbeat data in April. Bank of America holds a positive stance on the sector and believes the “green shoots” of a recovery are visible, it said in a report issued in late April. After five consecutive years of weakness, the bank said “market recovery sustainability is becoming... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3352045/green-shoots-appear-china-property-banks-turn-bullish-after-5-year-bear-market?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3352045/green-shoots-appear-china-property-banks-turn-bullish-after-5-year-bear-market?utm_source=rss_feed Fri, 01 May 2026 03:00:09 +0000 Minxiao Chang Minxiao Chang In the second of a three-part series on Anthropic’s powerful Mythos artificial intelligence model, we examine the effect it has had on China’s cybersecurity and finance industries. US start-up Anthropic’s new AI model, Claude Mythos Preview, has drawn global attention for its ability to autonomously identify and exploit cybersecurity vulnerabilities at a level that appears to surpass conventional tools used in enterprise and financial systems. The model has not been made publicly available, with... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3351152/why-anthropics-mythos-has-energised-chinas-cybersecurity-industry?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3351152/why-anthropics-mythos-has-energised-chinas-cybersecurity-industry?utm_source=rss_feed Thu, 23 Apr 2026 12:00:08 +0000 Sylvia Ma Sylvia Ma US Federal Reserve chair nominee Kevin Warsh’s policy vision – outlined during his Senate confirmation hearing – signals an extension of “America First” into monetary policy, Chinese analysts said. “Warsh’s policy proposals … mark a shift from acting as a ‘global central bank’ supplying unlimited liquidity worldwide to a new approach focused on tightly controlling the overall monetary spigot, prioritising domestic productivity and emphasising monetary sovereignty,” analysts at China... https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3350993/america-first-fed-trump-nominee-kevin-warsh-signals-monetary-sovereignty-push-analysts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3350993/america-first-fed-trump-nominee-kevin-warsh-signals-monetary-sovereignty-push-analysts?utm_source=rss_feed Wed, 22 Apr 2026 08:30:14 +0000 Carol Yang Carol Yang A leading sovereign wealth fund from Central Asia has cast a vote of confidence in Chinese debt and the country’s currency by becoming the first institution from the region to sell yuan-denominated debt, known as panda bonds, in China’s onshore market. The decision by Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, to sell 3 billion yuan (US$440 million) in China’s interbank market comes as global investors are looking for safe havens amid geopolitical uncertainties such as the Iran war. The... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3350040/kazakh-sovereign-fund-issues-central-asias-first-panda-bond-milestone-sale?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3350040/kazakh-sovereign-fund-issues-central-asias-first-panda-bond-milestone-sale?utm_source=rss_feed Tue, 14 Apr 2026 10:00:24 +0000 Ji Siqi Ji Siqi The world is bracing for an aluminium supply shock after two major Middle Eastern smelters were damaged in Iranian attacks over the weekend, a disruption likely to push more production to China in the near term and potentially for years to come, analysts said. Emirates Global Aluminium (EGA), a leading regional producer, reported “significant damage” at its Abu Dhabi site following strikes by Iranian missiles and drones, while Aluminium Bahrain said it was assessing the extent of damage at its... https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3348426/will-irans-strikes-gulf-smelters-strengthen-chinas-aluminium-trade?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3348426/will-irans-strikes-gulf-smelters-strengthen-chinas-aluminium-trade?utm_source=rss_feed Mon, 30 Mar 2026 15:00:12 +0000 Themis Qi Themis Qi SmartMore, the first company backed by the Hong Kong government’s investment fund, has applied for a listing, underscoring the city’s crowded pipeline of technology initial public offerings (IPOs). The unicorn, founded in 2019 and specialising in industrial artificial intelligence, submitted its application on Monday night, with Morgan Stanley, China International Capital Corporation and Deutsche Bank as joint sponsors. SmartMore provides intelligent manufacturing and digital innovation through... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3346854/smartmore-first-firm-backed-hong-kong-wealth-fund-seeks-ipo-tech-pipeline-heats?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3346854/smartmore-first-firm-backed-hong-kong-wealth-fund-seeks-ipo-tech-pipeline-heats?utm_source=rss_feed Tue, 17 Mar 2026 06:40:12 +0000 Coco Feng Coco Feng Technology stocks across China, South Korea and Japan have taken a beating as risk-off sentiment sweeps markets amid escalating fears that the US-Iran war may further disrupt tech infrastructure and supply chains. Hong Kong and Chinese tech stocks have been affected to a lesser degree than their Korean and Japanese peers because of the different levels of exposure to energy and shipping disruptions caused by the Middle East turmoil, analysts said. In Seoul, the Kospi index sank over 12 per cent... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3345407/asian-tech-stocks-reel-us-iran-war-disrupts-energy-logistics-supply-chains?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3345407/asian-tech-stocks-reel-us-iran-war-disrupts-energy-logistics-supply-chains?utm_source=rss_feed Wed, 04 Mar 2026 09:04:16 +0000 Julie Zhang Julie Zhang Ahead of China’s annual legislative meetings – typically a window into Beijing’s top-level policy agenda – this is the eighth entry in a series examining the complex economic recalibration driving China’s growth philosophy and its wide-ranging implications for local governments, financial investors and private enterprises. Investors are watching Beijing’s annual “two sessions” this week for signs that the country will address drug pricing and shore up its drug payment system, as a new form of... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3345310/healthcare-investors-keeping-eye-two-sessions-clarity-drug-pricing?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3345310/healthcare-investors-keeping-eye-two-sessions-clarity-drug-pricing?utm_source=rss_feed Wed, 04 Mar 2026 00:44:27 +0000 Enoch Yiu Enoch Yiu When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago, his work involved US dollars, UK pounds, Japanese yen and various European and Asian currencies – but not Chinese yuan. “Back then, there was no yuan trading at all as, in fact, the internationalisation of the yuan only started in 2009,” recalled Chan, who has worked for various Chinese banks. Beijing’s decision that year to promote its currency for wider use in trade,... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3344464/why-chinas-path-financial-superpower-status-could-begin-hong-kong?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3344464/why-chinas-path-financial-superpower-status-could-begin-hong-kong?utm_source=rss_feed Tue, 24 Feb 2026 15:00:09 +0000