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Chinese economist Fu Peng has joined Bitfire Group as chief scientist. Photo: Handout

Tech

Chinese economist Fu Peng hails crypto’s historic rise as he joins Bitfire

The crypto asset management firm acquires a trading system and hires a team of 20 people from Avenir Group for US$1.6 million.

PwC to pay US$128 million to Evergrande minority shareholders over audit failures

Hong Kong’s Langham group invests in Beijing’s ‘city of the future’ Xiongan

China Business

China’s premium EVs mount tech-powered challenge to BMW, Mercedes-Benz at expo

10-day show in Beijing, the world’s largest, to feature 1,451 models and exhibition area of 380,000 square metres.

A worker puts the finishing touches on the China International Exhibition Centre in Beijing on Wednesday ahead of Auto China 2026. Photo: AFP
A worker puts the finishing touches on the China International Exhibition Centre in Beijing on Wednesday ahead of Auto China 2026. Photo: AFP

Business

Mainland China’s ultra-wealthy numbers rise as Hong Kong poised for rebound

China’s ultra-wealthy population has grown 23 per cent in five years, while Hong Kong is forecast to see a 25 per cent rebound by 2031.

China Business

AI-driven Hong Kong stock inflows from mainland China slow as options multiply

Wave of listings provides more ‘pure-play’ AI investment options across mainland and Hong Kong exchanges, BNP Paribas says.

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China Economy

Open Questions | Euro, yuan unlikely to match US dollar, Daniel Gros says

German economist doubts EU and Chinese currencies will be widely used for international trade or that stablecoins will take off outside the ‘shadow economy’.

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Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen

Big Tech

Alibaba opens Qwen app to partners with China Eastern Airlines tie-up

Company pledges more partnerships to expand the agentic capabilities of its flagship consumer chatbot app.

China Business

Asian, emerging-market funds rotate into China and Taiwan stocks: HSBC

Fund managers shift focus to Chinese and Taiwanese stocks, while reducing exposure to South Korea amid global market turbulence.

Companies

WeWork finds new lease of life in Hong Kong as uncertainty drives global demand

Companies pull back from traditional office commitments, driving a surge in flexible space demand as WeWork adds a new site in Causeway Bay.

WeWork in Causeway Bay. Flexible workspace pricing has remained relatively stable despite the broader downturn. Photo: Xiaomei Chen

China EVs

China’s low-cost EVs to be fitted with lidar systems, usually saved for lux cars

Intense competition, rapid tech advancement and falling costs allow the superior driving systems to be fitted into budget-price vehicles.

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An exhibitor introduces a dynamic perception lidar which can be applied to self-driving systems and robots at the Zhongguancun Exhibition Centre, Beijing, on March 25, 2026. Photo: Xinhua
An exhibitor introduces a dynamic perception lidar which can be applied to self-driving systems and robots at the Zhongguancun Exhibition Centre, Beijing, on March 25, 2026. Photo: Xinhua

Tech

Hong Kong-Shenzhen tech cooperation gets a boost with Lenovo AI lab in Hetao hub

The Lenovo AI Innovation Lab will help the tech giant’s partners access AI solutions and scale their businesses globally, executive says.

Banking & Finance

HKMA and HKAB launch task force for Hong Kong’s Northern Metropolis financing

The task force will provide professional advice on financing and banking services for the development of the megaproject.

Markets

Hong Kong, Malaysia exchanges to team up on ETFs, listings, Islamic finance

Development ‘underscores growing demand from investors for cross-border products and diversified regional exposure’, HKEX CEO says.

Hong Kong Exchanges and Clearing CEO Bonnie Chan Yiting (left) and Bursa Malaysia CEO Dato’ Fad’l Mohamed appear in a media briefing at the HKEX office in Central on April 22, 2026. Photo: Handout

Banking & Finance

Biotech-led boom as 8 China firms flock to Hong Kong’s thriving stock market

AI-powered drug developer Metis TechBio leads group that includes developers of autonomous driving technology and industrial robots.

Healthcare led liquidity growth on the Hong Kong stock market over the past decade, with trading turnover for the sector surging more than 11-fold between 2015 and 2025. Photo: Shutterstock
Healthcare led liquidity growth on the Hong Kong stock market over the past decade, with trading turnover for the sector surging more than 11-fold between 2015 and 2025. Photo: Shutterstock

China Business

How China’s ‘landmark’ drug pricing guidelines could be a boon for biotech

State Council calls for ‘value-based pricing’ for innovative drugs, a move researchers said would benefit private healthcare players.

China Business

Hong Kong stocks drop as war uncertainty lingers after ceasefire extension

Investors need more conviction about material progress on a ceasefire and the normalisation of oil flow, investor says.

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China Business

China’s drug makers are speeding up – will AI be their secret weapon?

Chinese biotech firms are striking big global deals as drug makers, but could artificial intelligence take them to the next level?

Illustration by Henry Wong
Illustration by Henry Wong

Markets

Can Hong Kong’s listing reform 2.0 win over innovative firms?

The reforms enhance the city’s appeal for AI, biotech and other firms by slashing the market cap threshold and enabling confidential filings.

Big Tech

Competition or ‘co-opetition’: how is convergence shaping Sino-US AI race?

Speech by CEO of Chinese AI start-up at Nvidia event in US highlights symbiotic nature of tech relationship despite geopolitical tensions.

China EVs

How China’s EV makers think they can outrun disastrous price wars

At Beijing’s urging, an industry largely built on discounting must hold the line on prices and convince buyers to pay for better technology.

Illustration: Lau Ka-kuen
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OPINION
Kun Tian

Opinion | Hong Kong’s stablecoin roll-out puts banks at the centre of digital money

Kun Tian
Nicholas Spiro

Macroscope | How the rupee’s fall shows India’s struggle to overcome vulnerabilities

Nicholas Spiro
Anthony Rowley

Macroscope | Why dollar and gold prices are looking abnormal amid Iran war

Anthony Rowley
Nicholas Spiro

The View | War-induced interest rate shocks unlikely to upset Asia’s property markets

Nicholas Spiro
Nicholas Spiro

Macroscope | China is weathering the Iran war oil shock better than others in Asia

Nicholas Spiro
Muyi Yang,Dinita Setyawati

Opinion | Why Asia’s future depends on breaking the shackles of fossil fuels

Muyi Yang
Dinita Setyawati
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MULTIMEDIA
Video

Pony.ai set to further open China’s autonomous-driving frontier

Pony.ai
07:39
Video

What’s behind HSBC’s privatisation of Hang Seng Bank?

HAng Seng
04:37
Video

Taiwan firm creates clothing from banana waste

Banana
01:00
Video

Gold scams in China and changing global politics

Wire
08:22
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