https://www.scmp.com/rss/318484/feed The latest business and financial market news and analysis. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Zhang Shidong Zhang Shidong Midea Group plans to raise HK$17.2 billion (US$2.2 billion) from selling convertible bonds, as China’s biggest household appliances maker taps the debt market to expand its overseas business. The Guangdong province-based company would issue the bonds in two tranches of HK$8.62 billion each, with the first maturing in May 2027 and the second due in May 2033, Midea said in a statement to the Hong Kong stock exchange on Thursday. The bonds carry zero coupon rates and do not bear interest, it... https://www.scmp.com/business/china-business/article/3352697/chinese-household-appliance-maker-midea-seeks-us22-billion-convertible-bond-sale?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352697/chinese-household-appliance-maker-midea-seeks-us22-billion-convertible-bond-sale?utm_source=rss_feed Thu, 07 May 2026 03:49:07 +0000 Zhang Shidong,Peggy Ye Zhang Shidong,Peggy Ye Optimism that the Middle East hostilities will conclude soon drove Hong Kong equities to a two-month high on Thursday, as the city’s stock market joined a global rally supported by easing oil prices and artificial intelligence-driven enthusiasm. The Hang Seng Index closed 1.6 per cent higher at 26,626.28, a level last seen on February 27. The Hang Seng Tech Index jumped 3.1 per cent. On the Chinese mainland, the CSI 300 Index and the Shanghai Composite Index both gained 0.5 per cent. Media... https://www.scmp.com/business/markets/article/3352687/hong-kong-stocks-cross-26500-easing-middle-east-concerns?utm_source=rss_feed https://www.scmp.com/business/markets/article/3352687/hong-kong-stocks-cross-26500-easing-middle-east-concerns?utm_source=rss_feed Thu, 07 May 2026 02:32:38 +0000 Daniel Ren Daniel Ren Profit trajectories between automotive assemblers and electric vehicle (EV) battery producers in China are set to diverge further due to lacklustre car sales and buoyant demand for energy-storage systems. Leading players, including China’s EV battery king Contemporary Amperex Technology Ltd (CATL), would continue to attract buying interest in their shares, spurred by improved profitability, according to analysts. They added that flat vehicle prices, coupled with a dip in new car sales, had... https://www.scmp.com/business/china-business/article/3352561/falling-sales-widen-profit-gap-between-chinas-ev-makers-and-battery-suppliers?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352561/falling-sales-widen-profit-gap-between-chinas-ev-makers-and-battery-suppliers?utm_source=rss_feed Thu, 07 May 2026 01:00:08 +0000 Zhang Shidong Zhang Shidong CK Hutchison Holdings’ disposal of its investment in UK’s biggest mobile phone operator has spurred speculation that the Li Ka-shing family-controlled conglomerate may channel part of the investment gain into dividends for shareholders. The sale of its 49 per cent stake in VodafoneThree would fetch a net gain of HK$4.7 billion (US$600 million), and if CK Hutchison reserved 40 per cent of the proceeds for payouts – as it has done on similar occasions – it would boost dividends by HK$0.50 per... https://www.scmp.com/business/china-business/article/3352620/ck-hutchisons-vodafonethree-exit-sparks-dividend-speculation-analysts-are-split?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352620/ck-hutchisons-vodafonethree-exit-sparks-dividend-speculation-analysts-are-split?utm_source=rss_feed Wed, 06 May 2026 09:45:19 +0000 Zhang Shidong Zhang Shidong Stocks across Asia rose on Wednesday, after strong earnings by several US tech giants drove a Nasdaq-style technology board in China near a record high and US President Donald Trump said he would hold off on a contentious escort operation in the Strait of Hormuz. Markets on the Chinese mainland reopened trading after the Labour Day holiday, with the technology-heavy Star Market in Shanghai surging 5.5 per cent to put the gauge within striking distance of its all-time high set in 2020. The stock... https://www.scmp.com/business/china-business/article/3352551/asian-stocks-climb-strong-tech-momentum-and-trumps-fresh-iran-talks-signal?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352551/asian-stocks-climb-strong-tech-momentum-and-trumps-fresh-iran-talks-signal?utm_source=rss_feed Wed, 06 May 2026 02:09:50 +0000 Peggy Ye Peggy Ye Canadian Solar, one of the industry’s most exposed players to US-China tensions, is expanding the role of its Hong Kong operations as it reshapes its global business to weather a deepening downturn and rising geopolitical pressure, positioning the city as a hub for financing, talent and technology development, according to its board director. The Nasdaq-listed group, founded in 2001 by Chinese entrepreneur Shawn Qu, has been grappling with increasingly stringent compliance requirements from... https://www.scmp.com/business/banking-finance/article/3352524/canadian-solar-elevates-hong-kong-role-amid-industry-slump-and-geopolitical-tensions?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3352524/canadian-solar-elevates-hong-kong-role-amid-industry-slump-and-geopolitical-tensions?utm_source=rss_feed Wed, 06 May 2026 00:00:09 +0000 Yulu Ao Yulu Ao Investor frustration is growing with Hong Kong’s technology index, as the benchmark’s prolonged slide contrasts sharply with the soaring share prices of several Chinese AI firms that recently went public in the city. The Hang Seng Tech Index – a gauge of Hong Kong-listed tech companies that was once seen as China’s answer to the Nasdaq – has come under pressure in recent months, and the index’s poor performance has drawn even more scrutiny amid the wider surge in Chinese artificial intelligence... https://www.scmp.com/business/china-business/article/3352477/why-hong-kongs-tech-index-failing-ride-chinese-ai-stock-boom?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352477/why-hong-kongs-tech-index-failing-ride-chinese-ai-stock-boom?utm_source=rss_feed Tue, 05 May 2026 22:00:05 +0000 Daniel Ren Daniel Ren Chinese self-driving technology firm ZYT is edging closer to mass production of semi-autonomous trucks that can improve fuel efficiency and save logistics costs, likely to benefit the country’s manufacturing businesses amid a global energy crisis. The Shenzhen-based start-up, a spin-off from drone maker DJI, has formed partnerships with mainland China’s top six heavy-truck makers to produce models fitted with its navigation on autopilot (NOA) systems, with the first deliveries expected as early... https://www.scmp.com/business/china-evs/article/3352396/chinese-start-zyt-eyes-mass-production-semi-autonomous-trucks-year?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3352396/chinese-start-zyt-eyes-mass-production-semi-autonomous-trucks-year?utm_source=rss_feed Mon, 04 May 2026 23:00:08 +0000 Yulu Ao Yulu Ao Shares of Xiaomi jumped in Hong Kong on Monday after the Chinese smartphone and electric-vehicle (EV) maker reported robust growth in its EV business, though analysts cautioned that broader headwinds could limit revenue upside. The stock rose as much as 11 per cent in early trade before closing 6.8 per cent higher at HK$30.98. Turnover reached HK$7.3 billion (US$931 million), placing it among the most actively traded counters on the city’s main board. The rally followed data showing Xiaomi’s EV... https://www.scmp.com/business/china-business/article/3352336/full-charge-xiaomi-shares-surge-ev-sales-boost?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352336/full-charge-xiaomi-shares-surge-ev-sales-boost?utm_source=rss_feed Mon, 04 May 2026 07:15:10 +0000 Enoch Yiu Enoch Yiu Gold imports and trading have surged in Hong Kong recently as merchants and investors from the Middle East and Russia move their holdings from Dubai to the city amid the regional war, according to the Hong Kong Gold Exchange (HKGX). Since early April, some gold merchants from these regions have been selling physical gold in Hong Kong at a discount of 15 to 20 per cent to the market price, said Haywood Cheung Tak-hay, chairman of HKGX. “The discounted sales were a result of the US-Israel war with... https://www.scmp.com/business/commodities/article/3352334/gold-rush-hong-kong-sees-sudden-jump-bullion-imports-dubai-amid-us-iran-war?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3352334/gold-rush-hong-kong-sees-sudden-jump-bullion-imports-dubai-amid-us-iran-war?utm_source=rss_feed Mon, 04 May 2026 06:44:44 +0000 Enoch Yiu Enoch Yiu Hong Kong’s Exchange Fund, the war chest used to defend the local currency, reported its smallest investment gain in five quarters as the Middle East crisis weighed on stock market performance. The fund gained HK$34.5 billion (US$4.4 billion) in the first quarter, 56 per cent lower than HK$79.2 billion a year earlier, according to data released by the Hong Kong Monetary Authority (HKMA) on Monday. The fund still managed to report its fifth consecutive quarterly gain, but it was the smallest gain... https://www.scmp.com/business/markets/article/3352304/hong-kong-exchange-fund-records-smallest-gain-5-quarters-amid-middle-east-crisis?utm_source=rss_feed https://www.scmp.com/business/markets/article/3352304/hong-kong-exchange-fund-records-smallest-gain-5-quarters-amid-middle-east-crisis?utm_source=rss_feed Mon, 04 May 2026 02:12:34 +0000 Daniel Ren Daniel Ren The Astana International Financial Centre (AIFC), a special economic zone in the Kazakhstan capital, is in discussions with Hong Kong and Shanghai’s equity exchanges about the creation of stock connection schemes, most likely starting with exchange-traded funds (ETFs), to widen investors’ access to each other’s markets. According to AIFC’s governor Renat Bekturov, Kazakh investors’ interest in Chinese companies, from hi-tech behemoths to carmakers, was growing, inspiring organisations in both... https://www.scmp.com/business/banking-finance/article/3352276/kazakhstans-aifc-discussing-stock-trading-links-shanghai-hong-kong?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3352276/kazakhstans-aifc-discussing-stock-trading-links-shanghai-hong-kong?utm_source=rss_feed Mon, 04 May 2026 01:00:13 +0000 Zhang Shidong Zhang Shidong DeepSeek’s launch of its latest artificial intelligence model could likely trigger a broad reassessment of stocks across the industry chain from chipmakers to large language model developers, analysts say, with the breakthrough poised to drive demand for computing power and more commercial adoption. The unveiling of the V4 series marked another milestone for the Hangzhou-based start-up, which described the model as the most powerful open-source platform capable of challenging US rivals such as... https://www.scmp.com/business/china-business/article/3352126/who-could-gain-deepseeks-v4-china-chips-poised-stronger-demand?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352126/who-could-gain-deepseeks-v4-china-chips-poised-stronger-demand?utm_source=rss_feed Sun, 03 May 2026 23:00:10 +0000 Yulu Ao Yulu Ao Ant Bank, the digital banking arm of Ant Group, has rolled out stock trading services within its AlipayHK mobile application, marking a further push into Hong Kong’s retail brokerage market as fintech players race to capture a new generation of investors. The service allowed users to trade Hong Kong and US stocks and exchange-traded funds, as well as structured products including warrants and callable contracts, through the app’s wealth-management section, according to its promotional... https://www.scmp.com/business/china-business/article/3352264/ant-groups-bank-adds-stock-trading-alipay-app-hong-kong?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352264/ant-groups-bank-adds-stock-trading-alipay-app-hong-kong?utm_source=rss_feed Sun, 03 May 2026 08:30:12 +0000 Daniel Ren,Ben Jiang Daniel Ren,Ben Jiang China’s latest electric vehicle (EV) innovations – from ultra-fast battery charging to headlights capable of projecting films – have drawn strong attention at Beijing’s Auto China show, underscoring how the country’s automotive technology is pulling ahead of global rivals. As domestic carmakers and key suppliers recast vehicles as “mobile living spaces” powered by artificial intelligence and digital systems, they are increasingly looking beyond the mainland to drive export growth. “We are... https://www.scmp.com/business/china-business/article/3352100/lights-camera-traction-film-projecting-headlights-steer-chinas-ev-feature-fight?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352100/lights-camera-traction-film-projecting-headlights-steer-chinas-ev-feature-fight?utm_source=rss_feed Fri, 01 May 2026 09:00:09 +0000 Zhang Shidong Zhang Shidong Chinese property stocks are poised for a comeback, as investors believe that a rebound in tier-one city home prices is a sign that the sector’s years-long woes are nearing an end. The pickup in home prices in mega cities such as Beijing and Shanghai has coincided with a spike in transaction volumes, indicating that buyers are piling in after prices have fallen to more affordable levels. In March, more than 30,000 lived-in homes were sold in Shanghai, the highest in five years, after the city... https://www.scmp.com/business/china-business/article/3352031/battered-chinese-property-stocks-primed-comeback-industry-shows-signs-turning?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352031/battered-chinese-property-stocks-primed-comeback-industry-shows-signs-turning?utm_source=rss_feed Fri, 01 May 2026 04:30:09 +0000 Yulu Ao Yulu Ao China’s largest state-owned banks delivered stronger-than-expected first-quarter earnings, with rising interest income and steady asset quality pointing to improving credit demand as Beijing ramps up support for key sectors of the economy. The Big Four lenders – Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC) and Bank of China (BOC) – all reported growth in both revenue and net profit, marking a turnaround from the margin pressure... https://www.scmp.com/business/china-business/article/3351965/chinas-big-four-banks-post-stronger-earnings-policy-lending-lifts-growth?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351965/chinas-big-four-banks-post-stronger-earnings-policy-lending-lifts-growth?utm_source=rss_feed Thu, 30 Apr 2026 07:00:09 +0000 Xinmei Shen Xinmei Shen Cambricon Technologies, dubbed “China’s little Nvidia,” on Thursday became the costliest stock in mainland China’s equities market after it reported substantial growth in the first quarter amid an artificial intelligence boom and China’s tech self-sufficiency push. Cambricon shares rose as much as 18 per cent to nearly 1,680 yuan (US$245) on Thursday, beating optical chipmaker Yuanjie Semiconductor Technology, which traded at around 1,660 yuan. On Wednesday, Cambricon announced a 160 per cent... https://www.scmp.com/tech/article/3351894/revenue-jumps-chinas-cambricon-metax-amid-thirst-domestic-ai-chips?utm_source=rss_feed https://www.scmp.com/tech/article/3351894/revenue-jumps-chinas-cambricon-metax-amid-thirst-domestic-ai-chips?utm_source=rss_feed Wed, 29 Apr 2026 13:15:23 +0000 Themis Qi Themis Qi Airport Authority Hong Kong (AAHK) has issued HK$19 billion (US$2.4 billion) of multi-tranche senior notes, the largest Hong Kong dollar-denominated bond offering to date, drawing nearly three times oversubscription. The success of the offering reinforces the Hong Kong dollar’s position as a reliable funding currency and the city’s role as a fixed income and currency hub, according to bankers. The notes were “well received” by investors including sovereign wealth funds, asset managers,... https://www.scmp.com/business/banking-finance/article/3351882/hong-kong-airport-authority-issues-record-hk19b-bond-issue-amid-strong-investor-demand?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3351882/hong-kong-airport-authority-issues-record-hk19b-bond-issue-amid-strong-investor-demand?utm_source=rss_feed Wed, 29 Apr 2026 11:28:06 +0000 Zhang Shidong Zhang Shidong China has appointed a senior sovereign wealth fund executive as a deputy head of its securities regulator, in the latest leadership reshuffle aimed at steadying the country’s capital markets. Liu Haoling was named vice-chairman of the China Securities Regulatory Commission (CSRC) by the State Council, according to a statement posted on the agency’s website on Wednesday. He was also appointed to the regulator’s Communist Party committee. It was not immediately clear which portfolios Liu would... https://www.scmp.com/business/china-business/article/3351878/china-names-liu-haoling-csrc-deputy-amid-market-stabilisation-push?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351878/china-names-liu-haoling-csrc-deputy-amid-market-stabilisation-push?utm_source=rss_feed Wed, 29 Apr 2026 11:09:46 +0000 Zhu Wenqian Zhu Wenqian Multinational furniture retailer Ikea says it will open its first small-format store in Beijing on Thursday, aiming at convenience and efficiency that analysts believe could lift footfall by bringing the brand closer to consumers amid shifting trends. The move comes after the company shut seven large outlets across mainland China in early February, as it grapples with the country’s rapidly changing consumer trends and declining demand for new-home furnishing amid a sluggish property... https://www.scmp.com/business/china-business/article/3351870/ikea-open-first-small-format-beijing-store-tap-chinas-changing-consumer-trends?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351870/ikea-open-first-small-format-beijing-store-tap-chinas-changing-consumer-trends?utm_source=rss_feed Wed, 29 Apr 2026 10:30:20 +0000 Enoch Yiu Enoch Yiu Financial officials from Hong Kong and mainland China met on Tuesday to discuss strengthening cross-border connect schemes, according to a statement from the State Administration of Foreign Exchange (SAFE). The meeting between Hong Kong Monetary Authority (HKMA) chief executive Eddie Yue Wai-man and People’s Bank of China (PBOC) deputy governor Zhu Hexin, who is also SAFE administrator, touched on ways to bolster the city’s role as an international financial centre, the statement said. SAFE... https://www.scmp.com/business/banking-finance/article/3351828/hong-kong-mainland-china-officials-meet-bolster-cross-border-connect-schemes?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3351828/hong-kong-mainland-china-officials-meet-bolster-cross-border-connect-schemes?utm_source=rss_feed Wed, 29 Apr 2026 08:33:05 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX), operator of Asia’s third-largest stock market, reported a record quarterly profit in the first three months of 2026, buoyed by more new listings and increased turnover. Net profit rose 27 per cent to HK$5.19 billion (US$662 million) – or HK$4.10 per share – from a year earlier, the company said on Wednesday. The result beat the HK$4.6 billion consensus among analysts. It is the highest quarterly profit on record, surpassing the HK$4.9 billion in the third... https://www.scmp.com/business/banking-finance/article/3351801/hkex-posts-record-quarterly-profit-topping-forecast-listings-and-turnover-surge?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3351801/hkex-posts-record-quarterly-profit-topping-forecast-listings-and-turnover-surge?utm_source=rss_feed Wed, 29 Apr 2026 05:50:25 +0000 Zhang Shidong Zhang Shidong Chinese oil producers have seen market gains after two of the country’s major players reported stronger first-quarter earnings, buoyed by a surge in crude prices. Shares of China Petroleum and Chemical Corp, also known as Sinopec, rose 2.4 per cent to HK$4.70 in Hong Kong, while its Shanghai-listed stock gained 1.3 per cent to 5.42 yuan. China National Overseas Oil Corporation (CNOOC) climbed 1.4 per cent to HK$29.38 and PetroChina rallied 2.7 per cent to HK$11.98. Oil stocks have been in focus... https://www.scmp.com/business/china-business/article/3351788/china-oil-stocks-rise-crude-rally-lifts-sinopec-cnooc-earnings?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351788/china-oil-stocks-rise-crude-rally-lifts-sinopec-cnooc-earnings?utm_source=rss_feed Wed, 29 Apr 2026 04:28:37 +0000 Yulu Ao Yulu Ao China Resources Power (CRP), one of the largest mainland power producers listed in Hong Kong, has received approval to spin off its renewable energy arm for a separate listing in Shenzhen, marking a key step in a years-long plan to tap capital markets amid strong demand for new energy. The Shenzhen Stock Exchange’s listing committee approved the proposed A-share offering of China Resources New Energy Holdings on April 28, according to a filing by CRP. The deal, however, still required... https://www.scmp.com/business/banking-finance/article/3351785/china-resources-power-wins-shenzhen-nod-renewable-energy-units-listing?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3351785/china-resources-power-wins-shenzhen-nod-renewable-energy-units-listing?utm_source=rss_feed Wed, 29 Apr 2026 04:15:10 +0000 Themis Qi Themis Qi Chinese industrial robot maker Shenzhen Inovance Technology submitted an initial public offering (IPO) application in Hong Kong on Tuesday, joining a wave of mainland tech firms seeking capital from international investors. Founded in 2003, Inovance is seen as a cornerstone of China’s industrial automation sector. The company’s shares, listed on the Shenzhen Stock Exchange since 2010, closed at 61.36 yuan on Tuesday, giving it a market capitalisation of nearly 175.3 billion yuan (US$25.6... https://www.scmp.com/news/china-future-tech/robotics/article/3351738/chinese-industrial-robot-maker-inovance-joins-hong-kong-ipo-queue?utm_source=rss_feed https://www.scmp.com/news/china-future-tech/robotics/article/3351738/chinese-industrial-robot-maker-inovance-joins-hong-kong-ipo-queue?utm_source=rss_feed Tue, 28 Apr 2026 12:30:19 +0000 Yulu Ao Yulu Ao Shares of WuXi AppTec surged both on the mainland and in Hong Kong after stronger-than-expected quarterly results lifted sentiment across the contract research and innovative drug sectors. The pharmaceutical company’s Shanghai-listed shares rose by their daily limit of 10 per cent to close at 110.57 yuan on Tuesday, while its Hong Kong shares ended 14 per cent higher at HK$143.10, the highest since December 2021. The gains followed the company’s market-beating first-quarter earnings released... https://www.scmp.com/business/china-business/article/3351706/wuxi-apptec-shares-surge-14-hong-kong-after-record-first-quarter-earnings?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351706/wuxi-apptec-shares-surge-14-hong-kong-after-record-first-quarter-earnings?utm_source=rss_feed Tue, 28 Apr 2026 09:27:48 +0000 Ann Cao Ann Cao Lightelligence, the first mainland Chinese photonics chipmaker to go public in Hong Kong, saw its share price surge by nearly 400 per cent in its trading debut on Tuesday, as investors banked on the country’s quest for a fast-growing alternative to conventional electronic semiconductors in artificial intelligence data centres. The Shanghai-based company opened at HK$880, versus the offer price of HK$183.20 – the top of its marketed range of HK$166.60 to HK$183.20. It raised HK$2.4 billion... https://www.scmp.com/tech/tech-trends/article/3351551/lightelligence-jumps-hong-kong-debut-amid-ai-driven-demand-photonics-chips?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3351551/lightelligence-jumps-hong-kong-debut-amid-ai-driven-demand-photonics-chips?utm_source=rss_feed Tue, 28 Apr 2026 02:03:55 +0000 Zhang Shidong Zhang Shidong Shares of Contemporary Amperex Technology Ltd (CATL) tumbled in Hong Kong on Tuesday following the announcement of a plan to raise HK$39.2 billion (US$5 billion) from a share placement to fund expansion of its renewables business amid a global oil crunch. The world’s largest manufacturer of batteries for electric vehicles and energy storage slumped 6.9 per cent to close at HK$629, the steepest decline since October 10, 2025. The company’s yuan-denominated shares held up relatively well, slipping... https://www.scmp.com/business/china-business/article/3351629/catl-plans-raise-us5-billion-private-placement-fund-renewables-expansion?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351629/catl-plans-raise-us5-billion-private-placement-fund-renewables-expansion?utm_source=rss_feed Tue, 28 Apr 2026 01:42:18 +0000 Themis Qi Themis Qi Alibaba Group Holding gained approval from the Hong Kong stock exchange to proceed with a proposed spin-off of a warehouse park in mainland China, two years after the tech giant withdrew the listing plan of its logistics arm Cainiao. The e-commerce giant said it could separate an infrastructure real estate investment trust (Reit) and list it on the Shenzhen Stock Exchange, with the underlying asset being the Jiaxing Park, a logistics and warehousing infrastructure hub in eastern China’s Zhejiang... https://www.scmp.com/business/markets/article/3351610/alibaba-gets-approval-spin-warehouse-park-reit-pivot-logistics-assets?utm_source=rss_feed https://www.scmp.com/business/markets/article/3351610/alibaba-gets-approval-spin-warehouse-park-reit-pivot-logistics-assets?utm_source=rss_feed Mon, 27 Apr 2026 14:32:43 +0000 Xinmei Shen Xinmei Shen Chinese optical chipmaker Yuanjie Semiconductor Technology reported an elevenfold surge in first-quarter profits as domestic firms capitalise on soaring demand for computing power amid the artificial intelligence boom and the country’s tech self-sufficiency drive. Net profit in the three months ended March 31 jumped 1,153 per cent year on year to 179 million yuan (US$26.2 million), while revenue grew 321 per cent to 355 million yuan, the Shanghai-listed company said in a stock-exchange filing on... https://www.scmp.com/tech/tech-trends/article/3351605/optical-chipmakers-profit-soars-1153-ai-demand-chinas-tech-self-reliance-push?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3351605/optical-chipmakers-profit-soars-1153-ai-demand-chinas-tech-self-reliance-push?utm_source=rss_feed Mon, 27 Apr 2026 14:00:35 +0000 Daniel Ren Daniel Ren Contemporary Amperex Technology Ltd (CATL) has taken a leap forward in commercialising sodium-ion batteries, signing a large supply contract with an energy-storage system (ESS) provider amid high demand for power infrastructure after the global oil shock. The world’s largest electric vehicle (EV) and ESS battery maker announced on Monday that it would deliver 60 gigawatt-hours (GWh) of sodium-ion batteries to Beijing HyperStrong Technology over three years in a landmark deal for the new battery... https://www.scmp.com/business/china-business/article/3351601/chinas-catl-touts-landmark-order-deepseek-moment-sodium-ion-batteries?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351601/chinas-catl-touts-landmark-order-deepseek-moment-sodium-ion-batteries?utm_source=rss_feed Mon, 27 Apr 2026 13:16:17 +0000 Zhang Shidong Zhang Shidong The long-anticipated state visit by US President Donald Trump to China next month could lift sentiment in mainland and Hong Kong equities, as investors bet that easing tensions between Beijing and Washington will support export-driven sectors and companies pursuing overseas expansion. Trump is scheduled to meet President Xi Jinping on May 14-15, with discussions expected to cover tariffs, purchases of US goods and restrictions on rare earths. Any progress could clear a path for Chinese firms to... https://www.scmp.com/business/china-business/article/3351566/china-equities-set-boost-trump-xi-meeting-raises-hopes-thaw?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351566/china-equities-set-boost-trump-xi-meeting-raises-hopes-thaw?utm_source=rss_feed Mon, 27 Apr 2026 09:30:10 +0000 Yulu Ao Yulu Ao China’s solar giant Sungrow Power Supply has filed a fresh application to list in Hong Kong, reviving plans initiated last year, as a wave of mainland companies seeks offshore funding to support overseas expansion. The Shenzhen-listed solar inverter and energy storage system maker submitted its latest application proof to the Hong Kong stock exchange after an earlier filing in October lapsed, according to exchange disclosures late on Friday. Sungrow, one of the world’s largest suppliers of... https://www.scmp.com/business/china-business/article/3351515/chinas-solar-giant-sungrow-revives-hong-kong-ipo-plan-amid-rising-demand-clean-energy?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351515/chinas-solar-giant-sungrow-revives-hong-kong-ipo-plan-amid-rising-demand-clean-energy?utm_source=rss_feed Mon, 27 Apr 2026 03:55:24 +0000 Daniel Ren Daniel Ren Li Auto, one of Tesla’s major rivals in mainland China, has set its sights on the Middle East and Asia-Pacific, with its premium intelligent models poised to take on petrol car brands such as BMW and Mercedes-Benz. The Beijing-based electric vehicle (EV) maker, which is actively building a sales network abroad, expected overseas deliveries to account for 30 per cent of its total by 2030, according to president Ma Donghui. “It is inevitable that we will compete against BMW, Benz and Audi, which... https://www.scmp.com/business/china-business/article/3351481/chinas-li-auto-targets-bmw-and-mercedes-premium-suvs-middle-east-asia-pacific?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351481/chinas-li-auto-targets-bmw-and-mercedes-premium-suvs-middle-east-asia-pacific?utm_source=rss_feed Sun, 26 Apr 2026 11:10:02 +0000 Daniel Ren,Themis Qi Daniel Ren,Themis Qi Chinese electric vehicle (EV) makers at the Beijing auto show are shifting their focus to overseas markets, banking on opportunities from the Middle East crisis to boost profitability amid weak sales at home. “Going global has become a top choice for Chinese EV builders as they struggle to break even,” said Phate Zhang, founder of Shanghai-based data provider CnEVPost. “The Middle East crisis is acting as a strong catalyst to bolster their overseas deliveries.” Nearly all major EV assemblers... https://www.scmp.com/business/china-business/article/3351357/chinese-ev-makers-target-global-expansion-auto-china-amid-energy-shock?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351357/chinese-ev-makers-target-global-expansion-auto-china-amid-energy-shock?utm_source=rss_feed Fri, 24 Apr 2026 12:57:59 +0000 Zhang Shidong Zhang Shidong China will allow qualified overseas investors to trade government bond futures contracts, as policymakers step up the opening up of the nation’s capital markets to boost foreign participation. Foreign traders, approved under the qualified foreign institutional investor (QFII) programme by the financial regulators, could buy and sell government-bond futures starting on Friday, the China Securities Regulatory Commission (CSRC) said in a statement on its website. The trading could only be carried... https://www.scmp.com/business/china-business/article/3351332/china-opens-government-bond-futures-select-foreign-investors-reform-push?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351332/china-opens-government-bond-futures-select-foreign-investors-reform-push?utm_source=rss_feed Fri, 24 Apr 2026 11:00:08 +0000 Yulu Ao Yulu Ao Chinese chipmakers rallied on Friday while artificial intelligence application firms retreated, as investors rotated into semiconductor stocks on expectations of stronger demand for computing power following a new model release by start-up DeepSeek. Shares of Semiconductor Manufacturing International Corp rose 10 per cent by the close in Hong Kong, while Hua Hong Semiconductor surged 15 per cent, extending a broader rally among mainland chipmakers. In contrast, several AI application developers... https://www.scmp.com/business/china-business/article/3351328/investors-rotate-chinas-chipmakers-deepseek-intensifies-ai-competition?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351328/investors-rotate-chinas-chipmakers-deepseek-intensifies-ai-competition?utm_source=rss_feed Fri, 24 Apr 2026 10:03:43 +0000 Zhang Shidong Zhang Shidong China’s largest fund manager has doubled down on consumer stocks, betting on a rebound in spending as early signs of stabilisation emerge in the property and catering sectors. Zhang Kun, who oversees US$6.9 billion at Guangzhou-based E Fund Management, increased exposure to leading baijiu makers and e-commerce platforms in his flagship mutual fund during the first quarter, according to a quarterly filing released on Thursday. The combined assets of the four funds he manages remain the largest... https://www.scmp.com/business/china-business/article/3351290/baijiu-bet-chinas-top-fund-manager-doubles-down-consumers-amid-signs-recovery?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351290/baijiu-bet-chinas-top-fund-manager-doubles-down-consumers-amid-signs-recovery?utm_source=rss_feed Fri, 24 Apr 2026 08:00:46 +0000 Daniel Ren Daniel Ren Adamant about retaining its runaway lead in supplying smart driving systems in China, Huawei Technologies plans to invest as much as 80 billion yuan (US$11.7 billion) over the next five years to boost computing power essential for training and testing semi-autonomous cars. The massive capital expenditure would enhance the reliability of cars fitted with the Huawei Qiankun ADS autopilot system, as the Shenzhen-based tech giant looked to expand its customer base, said Jin Yuzhi, CEO of Huawei’s... https://www.scmp.com/business/china-business/article/3351242/huawei-doubles-down-autonomous-driving-earmarking-us117b-autopilot-training?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351242/huawei-doubles-down-autonomous-driving-earmarking-us117b-autopilot-training?utm_source=rss_feed Fri, 24 Apr 2026 03:39:33 +0000 Zhang Shidong Zhang Shidong An overhaul of listing and trading rules has driven a 16-year-old board for start-ups on the Shenzhen Stock Exchange to an all-time high, and traders believe the listed companies’ above-average earnings growth and exposure to renewable energy will extend the record-setting run. The ChiNext 50 Index of the board’s 50 biggest stocks and the ChiNext Composite Index both broke highs set in 2015 this week, outpacing other equity gauges of yuan-denominated stocks, which have yet to fully recoup their... https://www.scmp.com/business/china-business/article/3351146/chinext-shenzhens-nasdaq-emerges-investor-darling-start-indexes-smash-records?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351146/chinext-shenzhens-nasdaq-emerges-investor-darling-start-indexes-smash-records?utm_source=rss_feed Fri, 24 Apr 2026 02:00:15 +0000 Daniel Ren,Themis Qi Daniel Ren,Themis Qi Chinese electric vehicle (EV) makers and supply-chain vendors, from Tesla rivals Xpeng to Nio and lidar sensor producer Hesai Group, will display their technological advances on a new front – in-car chips – at the Auto China show in Beijing as the country’s automotive industry makes rapid progress. Carmakers and vendors are designing and developing chips to power autonomous driving and in-car entertainment systems. These chips boast computing power on par with blockbuster products made by chip... https://www.scmp.com/business/china-business/article/3351186/chinese-ev-makers-bet-house-chips-make-cars-smarter-and-more-autonomous?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351186/chinese-ev-makers-bet-house-chips-make-cars-smarter-and-more-autonomous?utm_source=rss_feed Fri, 24 Apr 2026 00:30:08 +0000 Daniel Ren,Themis Qi Daniel Ren,Themis Qi This year’s Auto China, the world’s largest car show, is likely to mark a watershed for Chinese electric vehicle (EV) makers as they push dozens of new premium models into the spotlight, challenging European manufacturers such as BMW and Mercedes-Benz. Leading EV makers in mainland China, from BYD and Geely to Leapmotor and Nio, will showcase their latest models at the 10-day show, which starts in Beijing on Friday, having moved up the value chain through the rapid adoption of technological... https://www.scmp.com/business/china-business/article/3351130/chinas-premium-evs-mount-tech-powered-challenge-bmw-mercedes-benz-expo?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351130/chinas-premium-evs-mount-tech-powered-challenge-bmw-mercedes-benz-expo?utm_source=rss_feed Thu, 23 Apr 2026 09:00:09 +0000 Yulu Ao Yulu Ao Mainland Chinese investors have slowed their purchases of Hong Kong-listed shares this year after last year’s record inflows, as more artificial intelligence investment opportunities have emerged in mainland markets, according to BNP Paribas. Southbound inflows via the Stock Connect cross-border system have reached about US$30 billion so far this year, a slower pace than 2025, when they hit US$180 billion for the full year, according to the French bank. The deceleration reflected changing market... https://www.scmp.com/business/china-business/article/3351090/ai-driven-hong-kong-stock-inflows-mainland-china-slow-investor-options-multiply?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351090/ai-driven-hong-kong-stock-inflows-mainland-china-slow-investor-options-multiply?utm_source=rss_feed Thu, 23 Apr 2026 04:49:32 +0000 Zhang Shidong Zhang Shidong Fund managers investing in Asian and emerging markets added mainland Chinese and Taiwanese stocks to their portfolios in February and March, while cutting their exposure to South Korean equities, according to HSBC Holdings. The reallocation also came at the expense of Indian stocks during the period, with the country’s weighting in Asian funds hitting a new low, HSBC analysts Prerna Garg and Herald van der Linde said in a report on Tuesday, without giving details. The report was based on data... https://www.scmp.com/business/china-business/article/3350997/asian-emerging-market-funds-rotate-mainland-china-and-taiwan-stocks-hsbc?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350997/asian-emerging-market-funds-rotate-mainland-china-and-taiwan-stocks-hsbc?utm_source=rss_feed Wed, 22 Apr 2026 23:00:09 +0000 Enoch Yiu Enoch Yiu The bourse operators of Hong Kong and Malaysia are exploring a range of collaborations, from dual listings and exchange-traded funds (ETFs) to Islamic finance, to forge closer ties between the city and the Southeast Asian country. Hong Kong Exchanges and Clearing (HKEX) CEO Bonnie Chan Yiting and Bursa Malaysia CEO Dato Fad’l Mohamed unveiled their joint development plans in a media briefing in Hong Kong on Wednesday as HKEX hosted the 40th Asian and Oceanian Stock Exchanges Federation (AOSEF)... https://www.scmp.com/business/markets/article/3351005/hong-kong-malaysia-stock-exchanges-team-etfs-listings-islamic-finance?utm_source=rss_feed https://www.scmp.com/business/markets/article/3351005/hong-kong-malaysia-stock-exchanges-team-etfs-listings-islamic-finance?utm_source=rss_feed Wed, 22 Apr 2026 11:30:09 +0000 Julie Zhang Julie Zhang Eight mainland China-based companies – five of them biotech firms – passed listing hearings on the Hong Kong stock market in April, clearing the way for them to tap the city’s deep liquidity. The influx, including an AI-driven drug discovery firm, a driverless technology developer and a maker of industrial robots, comes as the China Securities Regulatory Commission (CSRC) has been pushing private firms to list in Hong Kong. The market regulator has required companies that established so-called... https://www.scmp.com/business/banking-finance/article/3351001/biotech-led-boom-8-china-firms-flock-hong-kongs-thriving-stock-market?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3351001/biotech-led-boom-8-china-firms-flock-hong-kongs-thriving-stock-market?utm_source=rss_feed Wed, 22 Apr 2026 08:53:15 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks fell on Wednesday, with other regional markets mixed, as investors navigated the uncertainty of tensions in the Middle East despite the extension of a ceasefire with Iran by US President Donald Trump. The Hang Seng Index dropped 1.2 per cent to 26,163.24 at the close, while a gauge of the technology stocks trading in the city sank 1.9 per cent. On the Chinese mainland, the CSI 300 Index bucked the downtrend with a gain of 0.7 per cent. A gauge of the ChiNext board of start-ups... https://www.scmp.com/business/china-business/article/3350939/hong-kong-stocks-retreat-after-trump-extends-iran-war-ceasefire?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350939/hong-kong-stocks-retreat-after-trump-extends-iran-war-ceasefire?utm_source=rss_feed Wed, 22 Apr 2026 01:54:03 +0000 Daniel Ren Daniel Ren Contemporary Amperex Technology Ltd (CATL), the world’s largest electric vehicle (EV) battery producer, has unveiled its upgraded technologies – including lighter battery packs and faster charging modes – which are expected to accelerate the global automotive industry’s electrification drive. The company, which holds more than a 40 per cent share of the global market, aimed to set a healthy tone for the Chinese EV sector to implement its go-global strategy, focusing on constant technological... https://www.scmp.com/business/china-business/article/3350938/catl-drive-electrification-faster-charging-and-higher-performing-batteries?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350938/catl-drive-electrification-faster-charging-and-higher-performing-batteries?utm_source=rss_feed Wed, 22 Apr 2026 01:24:14 +0000 Enoch Yiu Enoch Yiu Mainland China’s insurance companies have emerged as major cornerstone investors in Hong Kong initial public offerings (IPOs) as they seek higher returns and benefit from Beijing’s policy support for insurers to invest in equity markets. Ping An Insurance (Group), Taikang Life Insurance, New China Life Insurance, Dajia Life Insurance and China Post Life Insurance were among the key players that invested more than US$250 million across about 11 IPOs so far this year, according to UBS data. Their... https://www.scmp.com/business/banking-finance/article/3350821/hong-kong-ipos-lure-mainland-china-insurers-seeking-higher-returns?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3350821/hong-kong-ipos-lure-mainland-china-insurers-seeking-higher-returns?utm_source=rss_feed Wed, 22 Apr 2026 00:30:08 +0000