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SCMP Exclusives

SCMP Exclusives
The latest news, analysis and opinion on SCMP Exclusives. In-depth analysis, industry insights and expert opinion.
Protesters march in Manila on August 13 against Pax Silica, a US-led initiative established in December with the aim of reducing “coercive dependencies”. Photo: AFP
US-China relations

Exclusive | Waico vs Pax Silica: Southeast Asia caught between China and US in AI race

Beijing reportedly offers exclusive perks to attract Global South partners while describing the American-led body as exclusionary.

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China-Asean relations

Exclusive | Malaysia’s Anwar to visit China next month with an eye on building trade ties

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US-China relations

Exclusive | As Xi’s US visit approaches, basic details of planned AI talks remain uncertain

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US-China tech war

Exclusive | Nokia to close almost all sites in mainland China by year end: sources

Retreating from China, once Nokia’s largest single-country market globally, would mark an acquiescence to domestic competition.

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The Nokia campus in Espoo, Finland. Photo: dpa
2026 Xi-Trump summits

Exclusive | Claims Hegseth close to exit raise questions over future US-China defence ties

Donald Trump is losing patience with the Pentagon chief because of the stalled Iran war, according to several sources.

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2026 Xi-Trump summits

Exclusive | Chinese officials rattled by White House chaos weeks ahead of Xi-Trump summit

Sources say little progress has been made on deliverables for Xi Jinping’s first state visit to the US since 2015.

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Insurance

Exclusive | Hong Kong to reappoint insurance regulator as industry braces for tough period

Insurance Authority CEO Clement Cheung will be reappointed on Friday to help industry navigate Beijing’s tax clampdown, sources said.

Insurance Authority CEO Clement Cheung. Photo: Handout
HKEX

Exclusive | HKEX to launch debate over extending trading hours despite pushback, sources say

The discussion paper could pave the way for Hong Kong’s bourse operator to introduce longer opening times, helping it attract global investors.

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Education in Hong Kong

Exclusive | CUHK chief Dennis Lo ‘calm’ about talk of Nobel Prize for groundbreaking test

Scientist who pioneered non-invasive prenatal testing credits success to his team and is focused on challenges as CUHK president.

Hong Kong’s Tai Po fire tragedy

Exclusive | 2 fire service contractors linked to Tai Po tragedy still in business

Lawmakers concerned about public safety and potential project abandonment as SCMP investigation reveals China Status and Victory Fire’s active status.

The catastrophic fire at Wang Fuk Court last November killed 168 people and displaced nearly 5,000 others. Karma Lo
Hong Kong economy

Exclusive | Rosewood Hotel Group to press on with clubhouse takeover as opposition escalates

A group of HKGTA patrons has written to the Legco Secretariat to oppose change of Town Club operator after filing complaints with authorities.

The HKGTA Town Club in Central is a private club that offers exclusive amenities and dining. Photo: Handout
2026 Xi-Trump summits

Exclusive | Trump envoy Daines to return to Beijing as US and China lock in Xi summit agenda

Montana Republican is helping narrow differences on issues expected to dominate summit planned for September in Washington, source says.

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China-EU relations

Exclusive | Top EU diplomat Kallas expected to visit Beijing amid deepest strains in years

It will be Kaja Kallas’ first solo trip to China since taking on her role in 2024.

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Artificial intelligence

Exclusive | RedNote eyes US$2.2b data centre as China ramps up AI infrastructure: source

China’s DeepSeek is also recruiting for jobs in Inner Mongolia, the location of the buildout, as it emerges as an AI hub due to low power costs.

The RedNote logo displayed on a smartphone. Photo: Reuters
Semiconductors

Exclusive | ‘Science is a universal language’: US materials pioneer defends global ties

Elsa Reichmanis spent decades collaborating with Chinese science teams and says research should remain distinct from tech rivalry.

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Elsa Reichmanis, who was one of the recipients of the China International Science and Technology Cooperation Award in July. Photo: Handout
US-Asean relations

Exclusive | Philippines, sovereignty, Pax Silica Industrial Hub – how US’ Helberg sees it

Senior US official tackles suggestions that Manila’s jurisdiction could be eroded by a joint supply chain project.

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Artificial intelligence

Exclusive | Chinese AI developers may shift to ‘paid weights’: Goldman Sachs

As use of Chinese artificial intelligence soars, companies will look to boost revenue capture, says bank’s head of Asia internet research.

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Hong Kong economy

Exclusive | Family office of Henderson Land boss to fast-track Central Asia green energy plans

Managing partner of Peter Lee’s family office says firm is pressing ahead with investment projects such as sustainable aviation fuel.

Full Vision’s senior management has made repeated trips to Astana since the Hong Kong government’s delegation visited Central Asia. Photo: Reuters
US-China relations

Exclusive | Can the US and its allies break China’s grip on rare earths and AI technology?

In an exclusive interview, senior US official says a whole-of-supply-chain strategy is needed to cut dependence on China.

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HKEX

Exclusive | HKEX eyes confidential filings, lower market cap threshold for start-ups

HKEX is moving towards closed listings to compete with other exchanges that allow for confidentiality.

US-China relations

Exclusive | Anthropic, China and why Pax Silica architect thinks the US can keep AI lead

Brief curbs on foreign access to Anthropic’s Fable and Mythos models designed to keep infrastructure safe, Jacob Helberg says.

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Jacob Helberg, US undersecretary of state for economic affairs, argues that China is pursuing a state-led approach to artificial intelligence while Washington was leveraging its "incredible companies". Photo: Getty Images
2026 Xi-Trump summits

Exclusive | Chinese minister set for US visit in ‘temperature test’ to pave way for Xi

Sources say stop in Miami, host city for December G20 summit, may also be on the cards for Ma, suggesting repeat visit by Xi this year.

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Chinese President Xi Jinping is expected to travel to the United States in September, following US counterpart Donald Trump's state visit to Beijing in May. The two leaders are also expected to meet at this year's G20 and Apec summits. Photo: EPA
China-EU relations

Exclusive | Dutch Prime Minister Rob Jetten set to visit China next spring: sources

Food security and trade ministers have already visited this year, with another, by Economy Minister Heleen Herbert, under consideration.

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Belt and Road Initiative

Exclusive | Hong Kong and Shenzhen perfect end points for modern Silk Road: top economist

Economist Jeffrey Sachs, who is retracing Marco Polo’s journey to China, described the cities as the ‘world’s greatest innovation cluster’.

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Science

Exclusive | Asia’s top climate scientist warns of ‘humanitarian disasters’ as Earth teeters

Hong Kong-based expert paints grim picture of challenges, yet voices hope in next generation and nature’s resilience.

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A satellite image shows Super Typhoon Bavi as it churns in the Pacific Ocean towards Taiwan on Thursday. Photo: Handout via Reuters
Malaysia

Exclusive | Stop ‘one-party dominance’ in Johor to compete with Singapore: Malaysia’s Loke

The transport minister urges voters to flood Saturday’s state election to ensure Malay-led Barisan Nasional does not have its way.

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Malaysia’s Transport Minister Anthony Loke (centre) during a recent campaign event. Photo: Facebook/Anthony Loke Siew Fook
Mandatory Provident Fund (MPF)

Exclusive | All that glitters: Hong Kong pension fund to offer more gold ETFs

MPFA to relax gold ETF investment approval rules as part of Hong Kong government’s push to turn the city into a regional gold trading hub.

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Banking & finance

Exclusive | Why Citigroup CEO Jane Fraser left Beijing feeling optimistic

Leader of US$239 billion company discusses yuan internationalisation, Hong Kong’s fintech leadership, and US-China economic stabilisation.

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