World leaders participate in the White House Climate Leaders Summit via a Zoom call in April. Photo: AP
Banking & Finance
Zoom faces US review of US$14.7 billion deal for Five9 over China ties
1 hour ago

US review of Zoom-Five9 deal comes as an influential proxy voting adviser recommended against the merger over political risks associated with Zoom’s China ties.

World leaders participate in the White House Climate Leaders Summit via a Zoom call in April. Photo: AP
Zoom faces US review of US$14.7 billion deal for Five9 over China ties

US review of Zoom-Five9 deal comes as an influential proxy voting adviser recommended against the merger over political risks associated with Zoom’s China ties.

1 hour ago
Hong Kong’s BN(O) emigrants unswayed by tax breaks, falling prices
2 hours ago
Hong Kong, US hedge funds bank on Luckin Coffee revival to collect payouts
5 hours ago
Residential sales in the window of an property agent in Loughborough in the United Kingdom on Monday, July 5, 2021. Photo: Bloomberg.
Hong Kong’s BN(O) emigrants unswayed by tax breaks, falling prices

The cautious behaviour explains the 2020 survey by UK Holmes, which found that applications for the BN(O) visa did not translate into home purchases.

2 hours ago
Accounting and auditing
Hong Kong, US hedge funds bank on Luckin Coffee revival to collect payouts

Not many would have given Luckin Coffee a chance to survive its accounting fraud. While the Starbucks wannabe is making strides to exit bankruptcy protection, more hurdles await.

Not many would have given Luckin Coffee a chance to survive its accounting fraud. While the Starbucks wannabe is making strides to exit bankruptcy protection, more hurdles await.

5 hours ago
China stock market
China stocks drop amid Evergrande crisis as PBOC injects US$18.6 billion

Stocks in mainland China retreat as Evergrande’s debt crisis stokes concerns about contagion in the financial sector in a slowing economy. The central bank injects US$18.6 billion into the system.

Stocks in mainland China retreat as Evergrande’s debt crisis stokes concerns about contagion in the financial sector in a slowing economy. The central bank injects US$18.6 billion into the system.

3 hours ago
2 hours ago
Asian workers want to ditch suits for T-shirts, shorts, yoga pants, survey says
22 Sep 2021 - 8:30AM
Chinese cities ask developers to stop discounts amid stability concerns
China stocks drop amid Evergrande crisis as PBOC injects US$18.6 billion
3 hours ago
Asian workers want to ditch suits for T-shirts, shorts, yoga pants, survey says
2 hours ago
Chinese cities ask developers to stop discounts amid stability concerns
22 Sep 2021 - 8:30AM
A 3D product on product at the Smart China Expo 2021 in Chongqing on August 22, 2021. Photo: Xinhua
Here are the top 5 trends of China’s internet sector in 2021

The 2021 China Internet Report covered tightening rules that resulted in a bumpy road for Chinese tech IPOs, forcing companies to alter their overseas strategies and re-examine underserved segments due to demographic changes, with renewed focus on private-domain traffic.

1 Sep 2021 - 10:49PM
How China’s internet continues to change rapidly and why you should care

This year’s edition of the China Internet Report examines the next phase of growth for the country’s technology industry.

This year’s edition of the China Internet Report examines the next phase of growth for the country’s technology industry.

1 Sep 2021 - 2:32PM
Everything you need to know about China’s tech industry in 2020

US-China trade tensions and the Covid-19 pandemic are reshaping China’s internet landscape

US-China trade tensions and the Covid-19 pandemic are reshaping China’s internet landscape

14 Jul 2020 - 10:10AM
China’s digitisation has been accelerated by Covid-19: SCMP CIR 2020

China’s push for self-reliance in strategic technologies such as AI and semiconductors amid escalating tech tensions remains another key theme.

China’s push for self-reliance in strategic technologies such as AI and semiconductors amid escalating tech tensions remains another key theme.

14 Jul 2020 - 10:13AM

Business | OPINION

Federal Reserve chair Jerome Powell testifies before a Senate committee hearing in Washington on July 15. Are we now supposed to look to an unelected, unaccountable fund manager – or, perhaps, to Powell – to rescue human civilisation from collapse? Photo: Reuters
The View | Central banks must work to serve the people, not the markets

Since 2007, central bank resources have been expanded and deployed in the private interests of vast, unregulated and systemically risky capital markets across the shadow banking system. Such an undemocratic outcome must be reversed if we are to avert the climate crisis.

33 minutes ago
Opinion | How to make China’s anti-sanctions law fit for a business hub

The Texas law uses private lawsuits instead of government regulation and law enforcement to advance public policy. It’s a route Beijing should consider as it deliberates how to craft an anti-foreign sanctions regime for Hong Kong.

The Texas law uses private lawsuits instead of government regulation and law enforcement to advance public policy. It’s a route Beijing should consider as it deliberates how to craft an anti-foreign sanctions regime for Hong Kong.

22 Sep 2021 - 3:30AM
How to make China’s anti-sanctions law fit for a business hub
The View | How Japan’s carbon neutrality goal could hurt its economic recovery

Vehicle exports keep Japan’s economy afloat, but new regulations could put a million jobs and Japan’s trade surplus at risk. Calculating the environmental impact of a car’s entire life could cripple carmakers unless the government changes Japan’s energy mix.

Vehicle exports keep Japan’s economy afloat, but new regulations could put a million jobs and Japan’s trade surplus at risk. Calculating the environmental impact of a car’s entire life could cripple carmakers unless the government changes Japan’s energy mix.

21 Sep 2021 - 11:02PM
How Japan’s carbon neutrality goal could hurt its economic recovery
Macroscope | Why is China’s Big Tech crackdown seen as worse than the US’?

While billions of dollars have been wiped off the equity market value of Chinese tech firms in recent weeks in reaction to Beijing’s regulatory changes, markets shrugged off US President Joe Biden’s executive order on anticompetitive practices in tech.

While billions of dollars have been wiped off the equity market value of Chinese tech firms in recent weeks in reaction to Beijing’s regulatory changes, markets shrugged off US President Joe Biden’s executive order on anticompetitive practices in tech.

21 Sep 2021 - 4:30PM
Why is China’s Big Tech crackdown seen as worse than the US’?
Concrete Analysis | How Hong Kong luxury property market adapted to Covid-19, emerged stronger

Hong Kong’s ever resilient property market is having a fruitful 2021 so far. Unprecedented confidence has returned to the market, and sales figures are topping 6,500 per month – not bad for a market that was wracked by uncertainty just 12 months ago.

Hong Kong’s ever resilient property market is having a fruitful 2021 so far. Unprecedented confidence has returned to the market, and sales figures are topping 6,500 per month – not bad for a market that was wracked by uncertainty just 12 months ago.

21 Sep 2021 - 7:47PM
How Hong Kong luxury property market adapted to Covid-19, emerged stronger
A woman adjusts her facemask while shopping in a clothing store on July 19 in Los Angeles, California. US economic growth “downshifted slightly” in July and August amid shortages of workers and materials, as well as concerns about the rise of the Delta variant of Covid-19, the Federal Reserve said on September 8. Photo: AFP
Macroscope | Inflation is not the worry the Fed, and the markets, suppose

The rise in US CPI unexpectedly slowed in August, which will ease pressure on the Fed to cut short its support for the US economy earlier than planned. Given the pandemic’s lingering impact on demand and the global supply chain, inflation is unlikely to wreak havoc the way it did four decades ago.

21 Sep 2021 - 6:01AM
Evergrande has encountered unprecedented difficulties, but it has denied it is heading towards bankruptcy. Photo: EPA-EFE
Opinion | Evergrande is not China’s Lehman moment, but it spells trouble for growth

Beijing will not directly bail out China Evergrande, but it will use its influence over creditors to prevent a complete collapse of the embattled property developer.

20 Sep 2021 - 10:41PM