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Yulu Ao
Reporter, Business
Yulu Ao joined SCMP in 2022 as a business reporter. She previously covered business trends across the Greater Bay Area with topics including financial market, healthcare, aviation, etc. She holds a master's degree in journalism from the University of Hong Kong. Before moving to Hong Kong, she interned in different roles at several news agencies in mainland China.
Yulu Ao joined SCMP in 2022 as a business reporter. She previously covered business trends across the Greater Bay Area with topics including financial market, healthcare, aviation, etc. She holds a master's degree in journalism from the University of Hong Kong. Before moving to Hong Kong, she interned in different roles at several news agencies in mainland China.
Areas of Expertise:
Property, Financial MarketsLanguages Spoken:
English, Mandarin
Toymaker’s shares have fallen nearly 50 per cent since February as investors weigh slowing overseas growth and dependence on flagship line.
The e-commerce giant is issuing the yuan-denominated notes in two tranches of 7.5 billion yuan and 2.5 billion yuan.
Sixteen new and refiled applications, led by hard-tech firms, point to a deepening pipeline as investor appetite returns.
Unit of Cosco Shipping reports 1.1 per cent profit increase on 6.2 per cent rise in throughput in 2025.
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Fund managers pile into cash at fastest pace since Covid-19 as geopolitical tensions, inflation replace AI as top concerns, bank finds.
Markets await clarity on a summit, hoping it will steady Hong Kong and China equities as Middle East hostilities weigh on sentiment.
Hang Seng Index rises for a third day, the longest run since January, as Wall Street rally and steadier oil prices boost mood.
Hang Seng Index advances for a second day amid easing concerns over inflation and geopolitical risks.
Bright Smart shares surge after Ant Group’s Wealthiness and Prosperity completes reporting procedures required by Chinese authorities.
Hang Seng Index climbs, driven by tech firms, helping investors look past prolonged Middle East hostilities.
Robotics and physical AI are emerging as the next battleground for manufacturers seeking efficiency gains.
Officials from Yangtze River Delta, Greater Bay Area outline ambitions after Xi Jinping calls on provincial economies to drive development.
Higher integration would raise resilience of the mainland financial system while supporting yuan internationalisation, CPPCC members say.
Foreign investors are returning to China’s healthcare sector, but IPO bottlenecks and takeover rules could deter deals, VC Nisa Leung says.
Billionaire Robin Zeng Yuqun promises higher investment, touts ‘resilient supply chain and ecosystem’ driving export growth.
After four subdued years, the cornerstone investors that anchor Hong Kong’s IPO market are returning in force, reshaping the deal landscape.
American investors bought US$15 billion of Hong Kong and mainland stocks in 2025, as buying picked up steam through the year.
Tech heavyweights drag Hong Kong stocks lower as investors fret over AI disruption following Wall Street’s decline.
‘China and Hong Kong are the biggest beneficiaries’ of US court decision on tariffs, Goldman Sachs strategists and economists say.
Tech heavyweights Alibaba, Baidu and Kuaishou drop as trading commences in the Year of the Horse.
As market closes for Lunar New Year, benchmark hits 32 per cent gain since the Year of the Snake began in January 2025.
Return to mainland equities bends towards start-ups and ETFs, versus earlier focus on bellwether, large-cap names.
Issuance could approach US$140 billion as a firmer renminbi, low funding costs and policy support boost demand for offshore notes.
Approaching Lunar New Year holiday also dampens investors’ enthusiasm for technology stocks, analyst says.
Southbound net inflows reflect investor optimism about Hong Kong stocks after the holiday, analyst says.
Traders move on to focus on coming US economic data that could reshape the path to monetary easing by the Federal Reserve.
Markets swing sharply across asset classes as AI forces a rethink of pricing power and long-term growth bets.
Hang Seng Index follows US declines as AI worries and falling prices for gold, silver and cryptocurrency rattle investors.
In a move designed to steady investor nerves, Baidu signalled a shift towards more predictable payouts as AI spending continues to rise.
