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Shanghai
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Shanghai

Shanghai
Shanghai
With a population of more than 24 million, Shanghai, is a major centre for finance, business and economics, science and technology, and fashion, among other disciplines. It is home to the Port of Shanghai, the world’s busiest container port, and Shanghai Pudong International Airport, one of the world’s 10 busiest airports by passenger traffic.
Head of Government
Party Secretary of Shanghai Chen Jining
People visit the Moore Threads booth at the World Artificial Intelligence Conference in Shanghai. Photo: Getty Images
Moore Threads

China’s ‘little Nvidia’ plans Hong Kong listing after 147% revenue jump

The Chinese AI chip developer plans a listing in Hong Kong to deepen its ‘international strategic footprint’.

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Accidents and disasters in China

Red alert: Shanghai cancels 80% of flights as Typhoon Dolphin makes landfall

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China jobs

In Focus | Why foreign workers are still climbing mountains of paperwork for a job in China

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Wealth management

Over a quarter of China’s ultra-wealthy in Beijing and Shanghai, report says

Beijing, Shanghai and Guangdong hold most super-rich households as weaknesses in real estate and market volatility weigh on private capital.

The skyline of Beijing on January 7. Photo: AFP
Accidents and disasters in China

Typhoon Dolphin grounds hundreds of flights as it approaches eastern China

Airlines offer free flight changes and cancellations ahead of the storm, which is expected to bring torrential rain to the region.

Artificial intelligence

The next AI race is for data, and China wants more of it

The global supply of high-quality, publicly available human-generated text could be fully exhausted within the next six years.

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China travel

China tops South Korea’s outbound travel charts as short-haul tourism surges

About 1.7 million South Koreans visited China in the first half of this year, up 16 per cent from the same period last year.

South Korean tourists pose for photos at the Bund in Shanghai. Photo: Xinhua
China trade

Lab-made diamonds ride AI demand for chip cooling as China leads industrial boom

Exports surge in first half of year, as the superior heat dissipation of diamonds expands market beyond jewellery, positioning China for further growth.

China’s private sector

Sugar for the pill: US$8b fund boosts Hong Kong’s biotech hub ambitions

Hong Kong Investment Corporation is stepping up its efforts to position itself amid Beijing’s challenge to US pharmaceutical dominance.

Accidents and disasters in China

1,230 times the size of Hong Kong: China deploys drones as Typhoon Dolphin nears

Coastal provinces halt shipping and activities and evacuate fishermen as storm targets Zhejiang and Fujian.

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A satellite image shows Typhoon Dolphin approaching Japan’s Okinawa on August 6, 2026. By Friday morning, it was about 820km from China’s east coast. Photo: CSU/CIRA & JMA/JAXA/Reuters
Robotics

Backed by DeepSeek, Unitree seeks US$9b valuation in landmark robotics IPO

DeepSeek, which invested 141 million yuan, will co-develop AI models and embodied-intelligence technology with Unitree.

Visitors interact with a robot from Unitree Robotics during the China International Consumer Products Expo in Haikou, south China’s Hainan province, April 14, 2026. Photo: Xinhua
Gold in Hong Kong

Gold’s price potential still ‘explosive’ amid Beijing hoarding

Rising demand from central banks to drive a rebound despite temporary downside pressure from energy and interest rates, Goldman Sachs says.

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China consumption

In Focus | ‘Quiet luxury’: why premium Chinese consumers are embracing home-grown brands

A growing number of local brands are winning over premium consumers who prize craftsmanship, innovation and a high‑value sense of luxury.

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Electric & new energy vehicles

How recharged SAIC and GM tie-up plans to catch up with top EV makers in China

Renewed partnership aims to roll out 30 EVs by 2030, pairing China’s supply chain muscle with GM’s global reach and loyal base.

Robots install windshields at a SAIC-GM plant in Liuzhou, in China's Guangxi Zhuang autonomous region. Photo: Xinhua
Marine safety

China urged to protect underwater cables amid growing fears of ocean sabotage

Prominent policy journal says Beijing should pass a law to close the gap between traditional maritime law and modern grey-zone warfare.

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Underwater fibre-optic cables carry about 99 per cent of global intercontinental data. Photo: Shutterstock
US-China trade war

Copper floods US as traders anticipate Trump tariffs while ‘Taco’ concerns loom

Traders ship more than 200,000 tonnes of the industrial metal into American ports in July to front-load anticipated levies, as fears of policy reversal persist.

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Robotics

China’s X Square Robot submits confidential filing for Hong Kong IPO: sources

The start-up joins a growing list of domestic robot makers in China raising capital.

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SCMP Highlights

BYD’s first humanoid robots; world’s biggest buyer of Chinese cars: 7 EV reads

From a Chinese vessel logging a record shipment to BYD’s humanoid robots debut, here are seven EV stories you may have missed.

Stella Li, BYD’s executive vice-president, at a press conference before the start of the International Motor Show (IAA Mobility) in Munich on September 8, 2025. In June, Li said the company had invested in humanoid robots. Photo: DPA
Aviation accidents

Narrow escape: how ANA flight from Shanghai avoided a collision at Tokyo airport

Flight NH968 lands safely with 197 on board after 2024’s deadly crash at the same airport and last year’s mid-air disaster in Washington.

China stock market

China’s stock account openings slow in July amid tech sell-off

The number of new accounts opened on the Shanghai Stock Exchange was down 7 per cent month on month.

Yuan

Fresh mBridge progress boosts cross-border digital yuan push

China’s Project mBridge, the multilateral central bank digital currency platform, is moving closer to broader commercial adoption.

Industrial Bank in the Hengqin financial district in Zhuhai, southern Guangdong province. The bank has launched mBridge payment services for cross-border transactions with Macau and Hong Kong. Photo: K.Y. Cheng
China stock market

China’s AI rout triggers 14% margin retreat in record tech sell-off

Tech stocks plummeted in July as traders unwound leveraged positions, sparking a drop in margin financing and raising concerns in Beijing.

An investor walks by an electronic board displaying stock prices at a brokerage house in Beijing. China's stock traders unwound their leveraged positions in July, fuelling a brutal technology stock sell-off. Photo: AP
Education in Hong Kong

HKU looking for president with ‘new mentality and clean slate’ to drive change

People with decade-long mindset struggle to drive change, and HKU needs new blood because ‘this is a different world, different time’, insider says.

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Banking & finance

China biotech giant WuXi AppTec sees first-half earnings surge amid US scrutiny

Strong orders for weight-loss and diabetes treatments drive firm’s growth, despite being caught up in US efforts to curb China’s ambitions.

Electric & new energy vehicles

In Focus | Will new EV batteries fast-charge the global automotive industry?

Amid a fiercely competitive domestic market, China’s battery tech leads in global innovation and cost reduction, promising safer, faster EVs.

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Illustration: Brian Wang
Banking & finance

China’s forex regulator pledges to open up market, tighten capital oversight

SAFE will expand forex market access and monitor cross-border capital flows while PBOC will push panda bonds and offshore yuan market.

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China will also advance the opening-up of its capital account and continue its reform of banking foreign-exchange business practices. Photo: dpa
Hong Kong economy

Mainland transit gives Hongkongers option for Europe trips amid Middle East war

Industry leaders expect more Hongkongers to choose Europe via mainland transit, but warn cheaper fares may be offset by higher fuel charges.

China property

China’s investors snap up prime office space, betting on a property rebound

Commercial properties are changing hands at a much faster rate in Shanghai and other major cities, as investors bet on a market rebound.

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