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UBS Group AG

UBS Group AG
UBS Group AG: A leading multinational investment bank and financial services firm, headquartered in Zurich and Basel, Switzerland. It specialises in global wealth management, personal and corporate banking, asset management, and investment banking. UBS primarily serves ultra-high net worth and high net worth individuals, institutional investors, and corporate clients worldwide, alongside retail clients in Switzerland. Recognised as the world’s largest private bank, it significantly expanded its market position by acquiring Credit Suisse in 2023. UBS also maintains notable sponsorship deals, including with Roger Federer. Its overall business focus is on client-centric solutions, innovation, and sustainable finance.
Pure gold bars in Shanghai on March 15. Photo: CFOTO/Future Publishing via Getty Images
Banking & finance

Exclusive | Hong Kong to launch gold clearing and settlement system next week: sources

The city plans to process its first gold settlement on Tuesday, according to those familiar with the matter.

Banking & finance

‘Big Short’ 2.0? US hedge fund manager warns of a global AI bubble

Electric & new energy vehicles

Will slowing car sales in China reignite brutal price war in crowded market?

Millionaires, billionaires and trillionaires

China’s millionaire growth lags the global average. Is the wealth boom over?

Global personal wealth rose at its fastest pace in nearly a decade last year, though China saw only modest gains, according to a new report.

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Residential buildings in Beijing on September 15, 2025. China’s property sector, once accounting for roughly a quarter of the economy, has remained sluggish since late 2020, eroding household wealth. Photo: EPA
IPO

Hong Kong loses IPO crown as swelling wave of Chinese tech no match for SpaceX

With Chinese technology giants fuelling an ‘A-to-H’ listing boom, Hong Kong appears to be on the rise as their ‘fundraising venue of choice’.

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Semiconductors

As AI pushes data centres to breaking point, some Chinese chipmakers bet on SiC

Basic Semiconductor is the latest firm in the space to move forward with an IPO.

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Electric & new energy vehicles

EV influx, US rare earth miners blacklisted, China-EU trade talks

This week: Automakers ready to debut 150-plus EVs before year-end, China blacklists US companies including rare earth miners, foreign businesses encouraged to sell shares in China. Next week: Commerce Minister Wang Wentao heads to Brussels, new overseas investment rules take effect, June factory activity data release and more.

Photo: AFP
Electric & new energy vehicles

How 156 new car models could trigger a ‘do-or-die’ crisis in China’s EV market

A record wave of launches – mostly EVs – threatens to overwhelm demand, forcing smaller players into a fight for survival.

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CATL

China leads charge in energy storage, powered by battery progress

Battery-based grid storage is set for 150 per cent growth in China, as Beijing prioritises energy security and firms eye global markets.

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Electric & new energy vehicles

EVs capture two-thirds of China’s car market in record-breaking week

Despite subsidy cuts, electric vehicles reached a new sales milestone in mainland China as petrol-powered rivals continued to lose ground.

Visitors inspect a BYD Seagull at this year's Auto China in Beijing. Electric vehicles accounted for a record 66.7 per cent of new car sales in mainland China during the first week of June. Photo: Reuters
Electric & new energy vehicles

China’s EV giants challenge Tesla in race to commercialise humanoid robots

After years of competing with Tesla in electric vehicles and self-driving technology, Chinese manufacturers are targeting humanoid robots.

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Shaping up: Chinese EV manufacturers including BYD and Xpeng are now accelerating plans to mass-produce humanoid robots. Photo: Kyodo
Banking & finance

Hong Kong taps group of experts to help rewrite rules for tokenised bonds

HKMA sets up the collective, spanning 21 institutions, in push to expand blockchain-based issuance beyond government pilots.

Banking & finance

China sees revival of foreign investors through IPOs, convertibles: UBS

The trend is part of a broader recovery of interest in Chinese assets from investors overseas.

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Mergers & Acquisitions

Jiangsu 11.5b yuan brokerage merger latest in regional consolidation wave

Soochow Securities to acquire a US$1.7 billion stake in rival Donghai as it looks to boost its assets and market position.

People walk past a brokerage house in Beijing's central business district, as an electronic board displays stock index information graph. Photo: Reuters
Robotics

Unitree clears Shanghai IPO hurdle as China’s humanoid robot wave gathers pace

Listing plan highlights Unitree’s push to invest more in robot ‘brains’ as it joins competitors in China’s humanoid rush.

A Unitree robot works in a hardware store in Pocking, Germany. The robot operates in supervised mode and its goal, according to the store operator, is to support employees, not replace them. Photo: EPA
HKEX

As Hong Kong stock exchange turns 40, can the chip supercycle keep IPOs flowing?

US$6.1 trillion exchange marks its 40th year amid fierce global competition, as brokers see challenges sparking opportunities.

Electric & new energy vehicles

Premium plan: China’s EV makers pin hopes on higher-margin models

New models from carmakers including Nio and Seres also challenge Tesla’s bestselling Model Y and cars from luxury German marques.

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Yuan

For a yuan in deeper markets, Fed ex-head cites dollar playbook, flags risks

Meanwhile, surging costs are ‘likely to hit US inflation data a bit harder and perhaps longer’ than expected, according to the former central bank official.

US dollar and Chinese yuan notes are seen with national flags in the backdrop. Photo: Reuters
Robotics

Alibaba, Tencent lead pivot from chatbots to embodied AI for robotics

Embodied AI and autonomous agents are increasingly viewed by investors as one of the next major growth areas for the sector, UBS says.

English Premier League

Put in the hours and always think of others, Henry advises Hong Kong youngsters

Legendary French and Arsenal striker also tells 600 pupils at UBS event at Hong Kong Jockey Club to evolve and be open to advice.

IPO

Hong Kong set to be ousted by Nasdaq as world’s biggest IPO market

International investors remain interested in Hong Kong tech listings due to attractive valuations, UBS and JPMorgan say.

Nasdaq is set to become the world's biggest IPO market this year with the SpaceX listing. Photo: Reuters
Yuan

China’s yuan hits 3-year high as global banks issue bullish forecasts

Beijing has set the yuan at its strongest level against the US dollar since early 2023, with banks projecting further appreciation.

Beijing has set the Chinese yuan at its strongest level against the US dollar since February 2023. Photo: Shutterstock
Electric & new energy vehicles

China’s Nio slams EV price wars as costs surge, defying cuts by rival Li Auto

Nio and Li Auto take different approach to pricing new models, with one executive praising ‘reasonable’ carmakers that raise prices.

Electric & new energy vehicles

Chinese firm Xpeng builds driverless cabs, challenging Tesla’s FSD software

The EV maker has embarked on mass production of robotaxis using its own chips and plans to trial the tech before the end of the year.

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Gold in Hong Kong

Record gold ETF inflows lift Hong Kong’s global trading hub bid

As investors hedge against global risks, Hong Kong’s gold ETF inflows reinforce its emergence as a key trading centre.

Gold prices have risen more than 6 per cent this year, after gaining 64 per cent in 2025. Photo: EPA
Wealth management

Chinese successors assume control sooner as US$11 trillion wealth transfer looms

Asia-Pacific’s largest intergenerational wealth transfer in modern times is set to transpire over the next 20 to 30 years, UBS says.

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China’s inheriting generation are stepping into responsibility within their families at a younger age, according to Swiss bank UBS which has predicted a US$11 trillion wealth transfer in the Asia-Pacific region over the next 30 years.
Hong Kong property

Is Hong Kong’s cultural hub of West Kowloon emerging as ‘Central 2.0’?

SHKP to benefit as tenants including UBS, JPMorgan Chase and Banco Santander set to move into new office space near high-speed rail station.

ByteDance

ByteDance raises 2026 capex by at least 25% amid AI boom, sources say

ByteDance is allocating a proportionally larger budget to domestic AI chips to mitigate geopolitical risks and heed Beijing’s call.

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