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The Exchange Fund, Hong Kong’s war chest to defend the local currency, posted stellar returns last year. Photo: Antony Dickson
Hong Kong Monetary Authority (HKMA)

Hong Kong’s Exchange Fund reports record earnings in 2025

The Exchange Fund’s full-year earnings jumped 51 per cent to HK$331 billion (US$42 billion), from HK$218.8 billion in 2024.

Banking & finance

Hong Kong’s US$8 billion wealth fund eyes fintech, aerospace and AI for growth

Fintech

China second to US in global AI finance index, with Hong Kong third as city hub

Semiconductors

Iluvatar CoreX targets Nvidia’s Rubin with GPU road map amid China chip push

Chinese chip designer outlines a multi-year GPU plan to outperform Nvidia’s next-generation Rubin platform within two years.

There is strong capital interest in Chinese chipmakers amid Beijing’s push for semiconductor self-reliance. Photo: Shutterstock
There is strong capital interest in Chinese chipmakers amid Beijing’s push for semiconductor self-reliance. Photo: Shutterstock
Artificial intelligence

China’s Baidu merges key app businesses to drive consumer AI push

Merger of Wenku and Wangpan into a new AI unit comes as tech firms race to turn their services and apps into the next ‘super app’.

Banking & finance

FSDC urges Hong Kong to focus on Africa-Asia financial corridor

City can unlock opportunities providing capital for companies and Belt and Road Initiative infrastructure projects, advisory council says.

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Banking & finance

Digital finance forum: AI, data to smooth trade-finance processes

Bankers from HSBC, Hang Seng Bank and ICBC Asia tout technology innovation to ease pain points for trade-finance clients.

Permanent secretary for Financial Services and the Treasury Salina Yan speaks at the Development & Innovation of AI for Digital Finance forum at Hong Kong Convention and Exhibition Centre in Wan Chai on Monday. Photo: Eugene Lee
Permanent secretary for Financial Services and the Treasury Salina Yan speaks at the Development & Innovation of AI for Digital Finance forum at Hong Kong Convention and Exhibition Centre in Wan Chai on Monday. Photo: Eugene Lee
Robotics

China’s Eyou opens world’s first automated line for humanoid robot joints

Manufacturer adds line in anticipation of surge in global demand for humanoid robots, with one estimate projecting 100,000 shipments by 2027.

IPO

Chinese drinks maker Eastroc’s US$1.3 billion Hong Kong IPO gives it wings

Shanghai-listed firm is selling 40.9 million shares for HK$248 each, which would give it a market cap of about US$21 billion.

Hong Kong Monetary Authority (HKMA)

China’s central bank to support doubling of yuan liquidity for Hong Kong lenders

PBOC to increase yuan facility to US$28.68 billion and issue more sovereign yuan bonds to enhance city’s role as yuan hub, official says.

Zou Lan, deputy governor of the People’s Bank of China, speaks during the 19th Asian Financial Forum at Hong Kong Convention and Exhibition Centre in Wan Chai on January 26, 2026. Photo: Eugene Lee
Hong Kong Monetary Authority (HKMA)

How lower US interest rates can help Hongkongers amid steady local prime rates

Most new mortgages, many corporate loans are based on interbank rates, which will continue to fall, monetary authority’s deputy chief says.

A view of residential buildings in front of Lion Rock Hill on April 15, 2025. Photo: Dickson Lee
A view of residential buildings in front of Lion Rock Hill on April 15, 2025. Photo: Dickson Lee
Banking & finance

US asset manager Federated Hermes moves ahead with Hong Kong office plan

Office in city is ‘vital’ to service financial institutions ‘where they’re seeing a lot of their growth’, executive says.

Banking & finance

UBS, Citigroup, Morgan Stanley boost bonus for investment bankers by 20%

Fundraising on the Hong Kong stock exchange reached US$37.22 billion last year, the highest since US$42.97 billion in 2021.

Banking & finance

Exclusive | Singapore Exchange hints at deeper ties with HKEX: can yuan business open doors?

SGX CEO also hopes to launch an international board with Nasdaq later this year and expand cross-trading schemes with mainland China.

Loh Boon Chye says connectivity is the new architecture for capital markets. Photo: Enoch Yiu
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.

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

Wealthy investors propel Hong Kong life insurance sales to another peak

The industry wrote US$34 billion worth of life policies in the first nine months of last year.

China stock market

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

Pop Mart CEO’s rare state media remarks and a hit collectible boost shares as China’s consumer stocks gain momentum.

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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.

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
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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Shares in Moore Threads have surged nearly 450 per cent since its listing in December. Photo: Handout
Shares in Moore Threads have surged nearly 450 per cent since its listing in December. Photo: Handout
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.

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
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