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The TikTok USDS Joint Venture is 19.9 per cent owned by ByteDance. Photo: AFP
TikTok

TikTok US joint venture seen resembling Apple’s China iCloud deal

ByteDance retains algorithms and intellectual property rights and remains the largest single shareholder of the new joint venture.

Insurance

Wealthy investors propel Hong Kong life insurance sales to another peak

China stock market

Labubu maker Pop Mart rallies as new toy, state media spotlight spark confidence

IPO

China’s Fosun Pharma eyes spin-off Hong Kong IPO of vaccine unit

Fosun Adgenvax (Chengdu) joins an IPO wave that raised more than US$1.5 billion last year for biotech companies.

Fosun Adgenvax is expected to remain a subsidiary of Fosun Pharma, which currently owns a 70.08 per cent stake. Photo: Handout
Fosun Adgenvax is expected to remain a subsidiary of Fosun Pharma, which currently owns a 70.08 per cent stake. Photo: Handout
Yuan

China lets yuan break through 7 per US dollar mark as dollar jitters grow

China’s central bank set the yuan fixing rate at under 7 per US dollar for the first time since mid-2023 as concerns over dollar assets mount.

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Banking & finance

Global funds, from BlackRock to Temasek, back China’s largest biotech firms

Global institutional investors have built up sizeable positions in firms including Innovent, 3SBio, WuXi Biologics, Jiangsu Hengrui, Akeso and BeOne.

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Hong Kong property

Complaints against Hong Kong property agents rise faster than home sales

Market recovery exposes pressure points as complaints surge 56 per cent, with online advertising violations dominating cases.

The Estate Agents Authority opened 253 complaint cases in 2025, up from 162 in 2024. Photo: Jonathan Wong
The Estate Agents Authority opened 253 complaint cases in 2025, up from 162 in 2024. Photo: Jonathan Wong
Artificial intelligence

Chinese AI chipmaker Moore Threads set to report tripling of revenue

AI chipmakers have emerged as the most valuable companies in China’s AI field as the country pushes for chips that rival Nvidia’s.

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Hong Kong property

Hong Kong tests student housing land sales amid slumping office demand

Government invites interest in three sites for student hostels, signalling a shift from office sites to education-focused development.

Banking & finance

Chinese banks join the space race with satellite launches and rocket backing

As China seeks new engines of growth, finance is emerging as an unexpected backer of the country’s commercial space ambitions.

A Chinese Long March-12 carrier rocket blasts off on January 19 with a payload of low-orbit satellites. Photo: Xinhua
Electric & new energy vehicles

China’s flying car makers aim for deliveries this year as passenger use nears

China’s ‘low-altitude economy’ is shifting from concept demos to commercial planning amid surging orders.

An eVTOL vehicle from AutoFlight Group is designed to hover like a helicopter but transition to winged flight for horizontal movement. Photo: Handout
An eVTOL vehicle from AutoFlight Group is designed to hover like a helicopter but transition to winged flight for horizontal movement. Photo: Handout
Banking & finance

Hong Kong authority presses banks to shape up services for seniors

The monetary authority requires lenders to improve banking apps, branch premises and sales processes to suit the city’s ageing population.

HKEX

New energy, AI, EV and biotech to drive Hong Kong IPO growth: HKEX

11 companies raised US$4 billion in Hong Kong in the first three weeks of 2026, with hundreds more lining up to list, Bonnie Chan says.

Hong Kong stock market

Labubu maker Pop Mart surges after buy-back in show of confidence

Repurchase signals management’s confidence and healthy balance sheet, analysts say, though stock remains 40 per cent below last year’s peak.

Investors have welcomed Pop Mart’s move. Photo: Xinhua
IPO

China’s Busy Ming to test investor appetite with Hong Kong IPO

Snack and drink retailer aims to raise up to US$428 million, but listing plan comes amid weak mainland domestic demand.

Hong Kong’s IPO market has had a record January with 11 new listings raising more than US$4.3 billion. Photo: Nora Tam
Hong Kong’s IPO market has had a record January with 11 new listings raising more than US$4.3 billion. Photo: Nora Tam
Insurance

China Taiping expects higher profit but Tai Po fire could weigh in 2026

State-owned insurer expects 215 to 225 per cent jump in 2025 net profit due to a gain in investment income, one-off tax impact.

Banking & finance

Hong Kong AFF will showcase city’s ‘superconnector’ role

Titled Co-creating New Horizons amid an Evolving Landscape, the annual government flagship event will run from January 26 to 27.

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Hong Kong property

Fancl distributor couple buys Lippo Centre office, shop in US$38.3 million deal

Purchase by the Japanese skincare brand’s distributor marks a 60 per cent cut from 2017 price as cash-rich local investors hunt for bargains.

The sun is reflected on the Lippo Centre in Admiralty. Photo: Dickson Lee
The sun is reflected on the Lippo Centre in Admiralty. Photo: Dickson Lee
China stock market

China’s securities regulator clamps down on speculation to prevent sharp swings

CSRC signals it wants a slower but longer stock market rally after trading volumes and margin financing hit record highs.

China property

Mainland China’s home prices extend slide, deepening property downturn

New home prices fall again in December, with declines across most cities, as second-hand values plunge year on year.

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Bonds

Hong Kong dollar and yuan bonds forecast to sustain record growth in 2026

Issuers and investors flock to Hong Kong dollar and yuan bonds, backed by deep liquidity and diverse yield curves.

Hong Kong’s local-currency bond issuance volume reached a record HK$613 billion in 2025, up nearly 41 per cent from a year earlier. Photo: Shutterstock
Banking & finance

HKMA unveils 20-point road map to modernise Hong Kong’s trade finance ecosystem

Project CargoX aims to digitalise Hong Kong’s trade finance, expand SME lending and strengthen connectivity with mainland China and Asean.

It is important to streamline documentation and data exchange with mainland China and Asean, says Howard Lee. Photo: Edmond So
It is important to streamline documentation and data exchange with mainland China and Asean, says Howard Lee. Photo: Edmond So
Hong Kong property

Exclusive | Chow Tai Fook’s Henry Cheng reveals Hong Kong empire’s investment philosophy

In a rare media interaction, the chairman of New World Development’s parent company talks about his family’s unusual investment playbook.

China stock market

China’s advances in AI fuel tech stock boom, help it shake off economic malaise

China’s rise recasts the country from a low-cost base to a credible US tech challenger, just as global capital hunts for next growth engine.

Banking & finance

Chinese banks lure investors with gold-linked deposits amid soaring prices

Such products may offer better returns than fixed deposits, but these investments are not without risks, analyst says.

Banks in China are offering investors gold-related products as an alternative for them to diversify their portfolios. Photo: Reuters
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