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HSBC is in the midst of finalising its takeover of Hang Seng Bank. Photo: Jelly Tse

Banking & Finance

Hang Seng Bank shareholders to vote on HSBC buyout proposal on January 8

Hang Seng Bank’s independent financial adviser recommends that shareholders vote in favour of HSBC’s proposal to privatise the lender.

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China’s AI sector poised for growth despite US restrictions: venture capitalist

China’s Geely Auto raises bar on car safety with world’s largest test centre

Business

With luxury absent, new entrants steady Hong Kong retail property

Newcomers from across Asia and Europe take advantage of cheaper rents while big-ticket brands delay major commitments.

Taiwanese brand Nap Tea in Hong Kong. Photo: Handout
Taiwanese brand Nap Tea in Hong Kong. Photo: Handout

China Business

Hong Kong stocks slide after China data shows growth running out of steam

China’s November retail sales miss estimates, while falling housing prices show no signs of slowing down.

Banking & Finance

Vanke’s bondholders reject payment extension, raising default risk

The rejection in a three-day vote that ended late on Friday gives the developer a grace period of five business days to pay 2 billion yuan of onshore bond.

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Big Tech

China’s Unitree teases platform allowing users to control robots via smartphones

Hangzhou robotics unicorn’s platform is designed to bring embodied intelligence into everyday life.

Unitree Robotics is preparing for a listing on Shanghai’s Nasdaq-style Star Market. Photo: Handout
Unitree Robotics is preparing for a listing on Shanghai’s Nasdaq-style Star Market. Photo: Handout

China Business

Cold spots are hot tickets as southern Chinese head north to ski

Ski resorts record big visitor increases as high-speed rail and flight expansions bring in those who have tried the sport in indoor venues.

Business

Shanghai retail landscape evolves with new malls, shift to experiential shopping

Hang Lung, New World and Swire are renovating and expanding their malls in Shanghai to stay relevant in a competitive environment.

China Business

China’s EV battery giants wade into shipbuilding to bolster Beijing’s dominance

CATL and Gotion add momentum to China’s efforts to build new-energy vessels amid an accelerated decarbonisation drive.

A vessel powered by CATL batteries. Photo: Handout

Companies

High-end car sales sink in China as cheaper brands trump European marques

Many buyers were swayed by a 20,000 yuan (US$2,830 ) trade-in subsidy offered by the government for purchasing electric and plug-in hybrid vehicles.

Porsche’s all-electric Macan Turbo sports car is displayed at the 17th Beijing International Automotive Exhibition (Auto China 2024) on April 23, 2025. Photo: Shutterstock
Porsche’s all-electric Macan Turbo sports car is displayed at the 17th Beijing International Automotive Exhibition (Auto China 2024) on April 23, 2025. Photo: Shutterstock

Tech Trends

Sea change: China narrows AI gap with US 3 years after ChatGPT shock

The turning point came when DeepSeek released its V3 and R1 models, which were on par with OpenAI’s GPT and Meta’s Llama models at the time.

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Companies

Yau Tong project nearly sells out amid hopes of home market recovery in 2026

The flats at One Park Place were in high demand after developers Sino Land, CSI Properties and MTR offered discounts of up to 15 per cent.

China Economy

‘A violation’? China’s airlines in the hot seat over hidden extra fees

Seat selection fees are becoming more common in China as airlines grapple with squeezed profit margins, but consumers are pushing back.

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Passengers board an Air China flight at an airport in Beijing. China’s major airlines are facing criticism for charging extra seat selection fees. Photo: Getty Images

Companies

McDonald’s Hong Kong named Company of the Year at SCMP Live’s Business Awards

The restaurant chain’s CEO Randy Lai and chairman Zhang Yichen received the award from SCMP’s CEO Catherine So at an event on Friday.

The winners of the 2025 SCMP Live Business Awards. (From left) Jerry Tam on behalf of Xpeng founder He Xiaopeng, Prudential Hong Kong CEO Lawrence Lam, McDonald’s Hong Kong chairman Zhang Yichen and CEO Randy Lai, Telefield Medical Imaging’s Yen Law, BioZein’s Anna Rayton and APT Electronics’ Winnie Chan during the awards ceremony on Friday. Photo: SCMP
The winners of the 2025 SCMP Live Business Awards. (From left) Jerry Tam on behalf of Xpeng founder He Xiaopeng, Prudential Hong Kong CEO Lawrence Lam, McDonald’s Hong Kong chairman Zhang Yichen and CEO Randy Lai, Telefield Medical Imaging’s Yen Law, BioZein’s Anna Rayton and APT Electronics’ Winnie Chan during the awards ceremony on Friday. Photo: SCMP

China Business

Chinese robotaxi firm Pony.ai bets on ‘asset-light’ strategy for growth

Firm sees working with partners as the best way to expand service in the mainland and beyond.

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Companies

Manulife becomes first insurer to redomicile in Hong Kong

Move from Bermuda ‘reflects our deep-rooted belief in Hong Kong’s future and its importance to our business,’ Hong Kong and Macau CEO says.

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Banking & Finance

Exclusive | Meet the Illinois farmer sowing the seeds of the world’s biggest IPOs of 2026

Jeff Rowe, a fifth-generation Illinois farmer, runs a Chinese-owned Swiss company in Basel that is aiming for one of the world’s largest IPOs in Hong Kong, due in 2026.

Jeff Rowe, the CEO of Syngenta, at his family farm in the US state of Illinois on September 30, 2025. Photo: Anthony Collins/Handout
Jeff Rowe, the CEO of Syngenta, at his family farm in the US state of Illinois on September 30, 2025. Photo: Anthony Collins/Handout

Banking & Finance

Hong Kong reaps the fruits of fintech seeds sown nearly 10 years ago

Hong Kong’s rise as a fintech hub is due to the concerted regulatory push, with the city competing with Singapore for regional leadership.

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Business

Hong Kong talent scheme: They came for jobs. Will they stay to buy homes?

Imported professionals could sustain the property market – if they put down roots and transition from renting to owning.

Tech War

How Nexperia saga exposes Europe’s waning influence in US-China chip war

The dispute around the Dutch chipmaker shows the erosion of Europe’s geopolitical neutrality in the face of escalating US-China rivalry.

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Nexperia is caught in a geopolitical tussle between the Netherlands and China. Illustration: Lau Ka-kuen
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OPINION
Hiba Malik

Opinion | How China is cementing its central role as the architect of green tech

Hiba Malik
Ma Jun,Sean Kidney

Opinion | How yuan internationalisation is helping to close the climate finance gap

Ma Jun
Sean Kidney
Anthony Rowley

Macroscope | What China, not the free market, gets right about climate finance

Anthony Rowley
Hugh Harsono

Opinion | As Japan takes aim at crypto, first mover Hong Kong must look out

Hugh Harsono
Ni Tao

Opinion | As China’s tech rises, companies must rethink their R&D strategy

Ni Tao
Radu Magdin

Opinion | Hong Kong, Singapore, Dubai: the rise of the ‘family office triangle’

Radu Magdin
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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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