https://www.scmp.com/rss/318484/feed The latest business and financial market news and analysis. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Zoe SL Chan,Ben Jiang Zoe SL Chan,Ben Jiang Alibaba Group Holding’s chip design unit T-Head has filed for an initial public offering (IPO) on a confidential basis in Hong Kong, the company said in a stock-exchange filing on Tuesday evening, setting up a high-profile listing in the city amid rising competition between the US and China as the latter continues its push for tech self-sufficiency. The size and structure of the listing were not finalised. A wholly owned subsidiary of Alibaba, T-Head provides full-stack data centre chips,... https://www.scmp.com/business/companies/article/3373974/alibaba-chip-unit-t-head-files-hong-kong-ipo-plan-amid-chinas-ai-self-sufficiency-drive https://www.scmp.com/business/companies/article/3373974/alibaba-chip-unit-t-head-files-hong-kong-ipo-plan-amid-chinas-ai-self-sufficiency-drive Tue, 10 Nov 2026 13:20:29 +0000 Daniel Ren Daniel Ren Citigroup CEO Jane Fraser has struck a confident and optimistic note that the US lender would become a leading investment bank in mainland China after it received approval to set up a wholly-owned securities firm in one of the world’s largest capital markets. Beijing’s supportive stance on foreign financial service firms as well as China’s strength in manufacturing and artificial intelligence would also offer opportunities for Citi as it pursued fresh growth engines, Fraser said at the Citi... https://www.scmp.com/business/banking-finance/article/3373914/citigroup-ceo-jane-fraser-strikes-bullish-tone-china-expansion-after-brokerage-approval https://www.scmp.com/business/banking-finance/article/3373914/citigroup-ceo-jane-fraser-strikes-bullish-tone-china-expansion-after-brokerage-approval Tue, 10 Nov 2026 10:00:07 +0000 Zoe SL Chan Zoe SL Chan Two mainland Chinese chip suppliers made sharply divergent trading debuts in Hong Kong on Tuesday after raising a combined HK$2.2 billion (US$280 million), underscoring investors’ selective appetite for semiconductor stocks despite a pickup in new listings. Suzhou Denglin Technology, the week’s largest listing, closed 7.7 per cent lower at HK$213 after raising HK$1.4 billion in its initial public offering (IPO). The graphics processing unit maker priced its shares at HK$231 – the bottom of its... https://www.scmp.com/business/companies/article/3373886/1-mainland-chinese-chip-ipo-soars-another-stumbles-busy-hong-kong-week https://www.scmp.com/business/companies/article/3373886/1-mainland-chinese-chip-ipo-soars-another-stumbles-busy-hong-kong-week Tue, 10 Nov 2026 05:00:23 +0000 Xinmei Shen Xinmei Shen WuXi AppTec’s shares jumped on Tuesday after the Pentagon removed the company from a list of entities allegedly linked to the Chinese military, marking a win for the biotech service giant and raising hopes among other mainland firms challenging US blacklists. The US deputy secretary of defence decided to delist WuXi AppTec from its list of “Chinese military companies”, according to a notice published on the Federal Register on Tuesday. WuXi AppTec surged more than 6 per cent at the open in Hong... https://www.scmp.com/business/companies/article/3373875/chinese-biotech-giant-wuxi-apptecs-shares-jump-after-pentagon-blacklist-reversal https://www.scmp.com/business/companies/article/3373875/chinese-biotech-giant-wuxi-apptecs-shares-jump-after-pentagon-blacklist-reversal Tue, 10 Nov 2026 04:00:30 +0000 Daisy Wu Daisy Wu Nasdaq is preparing to extend trading in US equities on its exchange to nearly 23 hours a day from next month, a landmark shift that will bring Wall Street into real-time competition with Asian markets. The expansion, slated for launch on December 6, introduces an overnight window running from 9pm to 4am Eastern Time. During US winter time, that corresponds to 10am to 5pm in Hong Kong and Beijing, directly overlapping with normal trading hours across China. The US Securities and Exchange... https://www.scmp.com/business/markets/article/3373745/can-hong-kong-hold-its-ground-nasdaq-brings-wall-street-asian-hours https://www.scmp.com/business/markets/article/3373745/can-hong-kong-hold-its-ground-nasdaq-brings-wall-street-asian-hours Mon, 09 Nov 2026 22:30:09 +0000 Themis Qi Themis Qi French private equity giant Ardian sees prime opportunities to snap up quality assets in China amid a liquidity slowdown in the world’s second-largest economy, as it looks to meet European investors’ strong demand for diversification, according to company executives. Ardian, which managed over US$200 billion worth of assets as of March, planned to target Chinese market leaders in various industries, which could include technology, healthcare and business services, the firm’s executive president,... https://www.scmp.com/business/banking-finance/article/3373730/french-investment-giant-ardian-looks-tap-chinas-more-reasonable-valuations https://www.scmp.com/business/banking-finance/article/3373730/french-investment-giant-ardian-looks-tap-chinas-more-reasonable-valuations Mon, 09 Nov 2026 03:00:38 +0000 Yulu Ao Yulu Ao In November 2022, as Hong Kong prepared to host its inaugural Global Financial Leaders’ Investment Summit, Typhoon Nalgae was bearing down on the city, bringing much of it to a standstill. However, at the Four Seasons Hotel in Central, one of the city’s most prestigious addresses, some of the year’s most important guests were arriving after nearly three years of pandemic disruptions. Inside its grand ballroom, more than 200 global financial executives, including some of the biggest names on Wall... https://www.scmp.com/business/banking-finance/article/3373692/what-comes-next-hong-kong-seeks-unlock-next-phase-growth-global-financial-hub https://www.scmp.com/business/banking-finance/article/3373692/what-comes-next-hong-kong-seeks-unlock-next-phase-growth-global-financial-hub Mon, 09 Nov 2026 02:00:40 +0000 Daniel Ren Daniel Ren Beijing’s latest property stimulus package has failed to stop a downward spiral in home transactions and prices in mainland China’s lower-tier cities, which could prompt top regulators to roll out stronger incentives to reinvigorate the weak market. According to data compiled by the China Real Estate Index System (CREIS), prices in the country’s third- and fourth-tier cities dropped 2 per cent year on year in October for new homes, while prices of lived-in residential units slumped 6.5 per... https://www.scmp.com/business/china-business/article/3373497/beijings-latest-property-stimulus-falls-short-lower-tier-cities https://www.scmp.com/business/china-business/article/3373497/beijings-latest-property-stimulus-falls-short-lower-tier-cities Sun, 08 Nov 2026 01:00:18 +0000 Daniel Ren Daniel Ren International brands have become unlikely beneficiaries of Beijing’s clampdown on so-called rapidly developed vehicles as they step up efforts to convince Chinese consumers of their cars’ quality and reliability. About 10 foreign carmakers from Tesla to General Motors (GM) were not only displaying their latest electric vehicle (EV) technologies at the China International Import Expo (CIIE), but also using the event to highlight their strengths as they continued to lose market share to Chinese... https://www.scmp.com/business/china-business/article/3373588/chinas-ev-safety-push-gives-foreign-brands-tesla-gm-opening-comeback https://www.scmp.com/business/china-business/article/3373588/chinas-ev-safety-push-gives-foreign-brands-tesla-gm-opening-comeback Sat, 07 Nov 2026 08:00:11 +0000 Xinmei Shen Xinmei Shen Global financial leaders who gathered in Hong Kong this week largely sidestepped Beijing’s offshore trust tax crackdown, a lingering near-term hurdle for the city’s otherwise expanding wealth management industry. Beijing’s move earlier this year to step up scrutiny of wealthy families’ overseas assets was barely discussed openly at a series of financial industry events, including the Global Financial Leaders’ Investment Summit and the PWMA Wealth Management Industry Summit 2026, even as it... https://www.scmp.com/business/money/wealth/article/3373542/financial-leaders-tiptoe-around-beijings-asset-scrutiny-hail-hong-kongs-wealth-boom https://www.scmp.com/business/money/wealth/article/3373542/financial-leaders-tiptoe-around-beijings-asset-scrutiny-hail-hong-kongs-wealth-boom Sat, 07 Nov 2026 06:00:18 +0000 Emma Ma Emma Ma Amid a bear market in China’s stock exchanges, Ren Zeping, the high-profile independent economist famed for his prescient call on China’s A-share bull market, is once again in the spotlight for a “gag order” on his social media, though industry insiders say that the move by the platform was not unexpected. Since October 24, Ren Zeping’s WeChat official account “Zeping Macro” could no longer be retrieved via search and would not accept new subscribers. The same restriction applied to his WeChat... https://www.scmp.com/economy/china-economy/article/3373565/former-evergrande-economist-faces-wechat-gag-order-after-buy-dip-call https://www.scmp.com/economy/china-economy/article/3373565/former-evergrande-economist-faces-wechat-gag-order-after-buy-dip-call Sat, 07 Nov 2026 03:00:10 +0000 Xiaofei Xu Xiaofei Xu China’s State Council has pledged improved policy mechanisms to stabilise the country’s struggling stock market, after stocks slid again on Friday following a meltdown on the US markets. “We will enhance the inherent stability of the stock market and foster the steady and healthy development of the capital market,” officials at the State Council executive meeting, chaired by Chinese Premier Li Qiang, were quoted as saying on Friday. The comments came as the CSI 300 Index, which tracks major... https://www.scmp.com/business/markets/article/3373602/beijing-calls-more-efforts-stabilise-stock-market-after-renewed-sell https://www.scmp.com/business/markets/article/3373602/beijing-calls-more-efforts-stabilise-stock-market-after-renewed-sell Fri, 06 Nov 2026 14:00:21 +0000 Raymond Ma,Neil Denslow Raymond Ma,Neil Denslow China’s stocks pared weekly gains and the benchmark 10-year bond hit a record low as the global artificial intelligence (AI) stock bubble burst following the US Democrats’ landslide win in midterm elections. The CSI 300 equity index fell 1.4 per cent, weighed down by AI-related shares. Hong Kong’s Hang Seng Index dropped 1.3 per cent. The yield on China’s 10-year sovereign bond touched an intraday low of 1.58 per cent, according to Bloomberg, spurred by investor demand for safe-haven assets and... https://www.scmp.com/plus/business/markets/article/3373548/ai-bubble-bursts-fifth-plenum-resolution-singles-day https://www.scmp.com/plus/business/markets/article/3373548/ai-bubble-bursts-fifth-plenum-resolution-singles-day Fri, 06 Nov 2026 09:05:28 +0000 Christina Zhao Christina Zhao China’s state intervention in the struggling market accelerated this week, even before the US midterm results gave global markets a jolt. Meanwhile, global executives gathered in Hong Kong to discuss issues ranging from the AI trade to asset diversification and wealth management, amid the city’s better-than-expected quarterly economic expansion. Below are key figures catching market attention this week: Over 300 global executives gathered in Hong Kong The Global Financial Leaders’ Investment... https://www.scmp.com/business/banking-finance/article/3373528/finance-summit-ai-driven-stock-rout-5-figures-investors-are-watching-china https://www.scmp.com/business/banking-finance/article/3373528/finance-summit-ai-driven-stock-rout-5-figures-investors-are-watching-china Fri, 06 Nov 2026 07:46:02 +0000 Zhu Wenqian,Enoch Yiu Zhu Wenqian,Enoch Yiu Hong Kong’s Exchange Fund, the war chest used to defend the local currency, reported a 74 per cent tumble in third-quarter earnings amid pervasive market uncertainty. The outlook for the final quarter is also challenging, the Hong Kong Monetary Authority (HKMA) said on Friday. Earnings totalled HK$18.6 billion (US$2.4 billion) in the quarter, plunging from HK$70.8 billion a year earlier. For the first nine months of 2026, total earnings slid 39.6 per cent from a year earlier to HK$171.9... https://www.scmp.com/business/banking-finance/article/3373507/hong-kongs-exchange-fund-earnings-tumble-74-hkma-warns-more-market-turbulence https://www.scmp.com/business/banking-finance/article/3373507/hong-kongs-exchange-fund-earnings-tumble-74-hkma-warns-more-market-turbulence Fri, 06 Nov 2026 05:35:25 +0000 Zoe SL Chan Zoe SL Chan Hong Kong Exchanges and Clearing (HKEX), the operator of Asia’s third-largest stock market, has reported its first year-on-year decline in quarterly profit in over two years amid a slowdown in market turnover, with profits falling 10 per cent compared with the previous quarter. Net profit for the three months to September fell 1 per cent year on year to HK$4.859 billion (US$620 million), or HK$3.84 per share, missing analysts’ estimates of HK$5 billion, according to an exchange filing on... https://www.scmp.com/business/markets/article/3373489/hkex-posts-first-quarterly-profit-decline-over-2-years-hong-kong-market-cools https://www.scmp.com/business/markets/article/3373489/hkex-posts-first-quarterly-profit-decline-over-2-years-hong-kong-market-cools Fri, 06 Nov 2026 04:17:39 +0000 Zhang Shidong Zhang Shidong Stocks in Hong Kong and mainland China dropped on Friday, tracking a meltdown in US technology companies that erased more than US$2 trillion in market value on concerns that a Democrat-controlled Congress could upend the breakneck expansion of the AI industry. The Hang Seng Index fell 1.3 per cent to 24,481.86 at the close, while the mainland’s CSI 300 Index sank 1.4 per cent. Technology stocks led the decliners on the two markets. The Hang Seng Tech Index retreated 1.8 per cent, and the Star 50... https://www.scmp.com/business/china-business/article/3373474/tech-stocks-lead-declines-hong-kong-mainland-china-us23-trillion-carnage-us https://www.scmp.com/business/china-business/article/3373474/tech-stocks-lead-declines-hong-kong-mainland-china-us23-trillion-carnage-us Fri, 06 Nov 2026 01:59:06 +0000 Emma Ma Emma Ma After the Democrats swept the US midterm elections, a divided government may help restrain future Treasury borrowing and prevent fresh deficit blowouts, though it will not necessarily bring down elevated bond yields, analysts say. The US Treasury Department unveiled its quarterly refunding statement on Wednesday, with market participants describing the overall borrowing outlook as largely neutral. Based on its projected financing needs, the Treasury said it expected to keep note and bond auction... https://www.scmp.com/economy/global-economy/article/3373359/us-borrowing-outlook-steadies-after-midterms-treasury-yields-face-new-tests-analysts https://www.scmp.com/economy/global-economy/article/3373359/us-borrowing-outlook-steadies-after-midterms-treasury-yields-face-new-tests-analysts Thu, 05 Nov 2026 13:00:07 +0000 Themis Qi Themis Qi US asset manager Federated Hermes has opened its office in Hong Kong, after two years of preparation, joining a wave of international financial giants competing for growth in the Asia-Pacific region. The company, which managed US$884 billion worth of assets as of September, considered a Hong Kong office two years ago and its board approved a plan a year later. Its office in the Nexxus Building in Central adds to its Asia-Pacific footprint in Singapore, Tokyo and Sydney. “Hong Kong is a premier... https://www.scmp.com/business/banking-finance/article/3373349/us-asset-manager-federated-hermes-opens-hong-kong-office-tap-chinas-tech-rise https://www.scmp.com/business/banking-finance/article/3373349/us-asset-manager-federated-hermes-opens-hong-kong-office-tap-chinas-tech-rise Thu, 05 Nov 2026 07:00:08 +0000 Zhu Wenqian Zhu Wenqian China’s securities regulator has ordered three Hong Kong initial public offering (IPO) applicants to submit additional documentation amid an intensifying crackdown on tax compliance. The China Securities Regulatory Commission (CSRC) said it has asked Fujian Senda Electric, a Fuzhou, Fujian province-based company trading on Beijing’s National Equities Exchange and Quotations board, to disclose details on internal dividend approvals, dividend fund flows, and compliance with tax and other... https://www.scmp.com/business/companies/article/3373346/csrc-requests-further-tax-records-hong-kong-ipo-applicants-amid-tighter-oversight https://www.scmp.com/business/companies/article/3373346/csrc-requests-further-tax-records-hong-kong-ipo-applicants-amid-tighter-oversight Thu, 05 Nov 2026 06:00:08 +0000 Zhang Shidong Zhang Shidong Chinese stocks extended their rebound for a second day on Thursday, as state support gained momentum and a Democratic landslide victory in the US congressional election removed an overhang capping risk appetite. The CSI 300 Index rose 0.3 per cent to 4,113.41 at the close, extending a 2.3 per cent gain a day earlier. The chip-heavy Star 50 gauge gained 1.7 per cent after surging nearly 10 per cent the previous trading day. Democratic control of the US Congress may tighten tech exports to China,... https://www.scmp.com/business/china-business/article/3373336/china-stocks-extend-rebound-state-support-us-midterm-results https://www.scmp.com/business/china-business/article/3373336/china-stocks-extend-rebound-state-support-us-midterm-results Thu, 05 Nov 2026 03:17:30 +0000 Themis Qi,Tim Yuen Lingk Themis Qi,Tim Yuen Lingk Most asset managers in Hong Kong expect broader access to mainland China’s two Nasdaq-style stock markets to strengthen the city’s private wealth business, an industry survey shows, as hard-tech firms continue to attract investors despite a recent pullback. The report, released by the Private Wealth Management Association (PWMA) and KPMG China, surveyed most of the association’s 44 institutional members, ranging from Agricultural Bank of China (Hong Kong) to UBS, as well as asset managers and... https://www.scmp.com/business/banking-finance/article/3373269/why-hong-kong-wealth-managers-want-broader-access-mainland-chinas-nasdaq-style-markets https://www.scmp.com/business/banking-finance/article/3373269/why-hong-kong-wealth-managers-want-broader-access-mainland-chinas-nasdaq-style-markets Thu, 05 Nov 2026 01:00:12 +0000 Daniel Ren Daniel Ren US stocks rose after markets opened on Wednesday following the Democrats’ crushing victory in the US midterm elections, as the convincing result lifted some of the political uncertainty hanging over Wall Street. The S&P 500 opened 1.1 per cent higher at 9.30am local time, while the Dow Jones Industrial Average added 1.9 per cent after trading started and the Nasdaq Composite jumped 1.1 per cent. Analysts said the buoyant sentiment reflected investors’ eased concerns about abrupt policy shifts in... https://www.scmp.com/business/companies/article/3373309/democrats-midterm-triumph-sends-us-stocks-soaring-tesla-spacex-fall https://www.scmp.com/business/companies/article/3373309/democrats-midterm-triumph-sends-us-stocks-soaring-tesla-spacex-fall Wed, 04 Nov 2026 15:06:38 +0000 Yulu Ao Yulu Ao Swiss private banking executives have acknowledged Hong Kong’s growing prominence as a global cross-border wealth-management hub, as geopolitical tensions prompt wealthy clients to diversify not only their investments but also where their assets are held. “The race is on,” said Giorgio Pradelli, CEO of Swiss private bank EFG International, during a panel discussion on Wednesday at the Global Financial Leaders’ Investment Summit hosted by the Hong Kong Monetary Authority (HKMA). He was referring... https://www.scmp.com/business/china-business/article/3373250/race-swiss-bankers-nod-hong-kongs-prowess-wealth-hub https://www.scmp.com/business/china-business/article/3373250/race-swiss-bankers-nod-hong-kongs-prowess-wealth-hub Wed, 04 Nov 2026 10:00:14 +0000 Zhang Shidong Zhang Shidong Follow the SCMP’s live coverage here A comprehensive victory for the Democrats in the US midterms has jolted asset classes from stocks to bonds and commodities in Asia, as investors expect the US Congress to tighten scrutiny over the AI industry and government spending. Stocks in the region closed mixed on Wednesday, with investors bracing for heightened US regulatory oversight over the AI buildout. US Treasury yields fell on optimism that a Democratic-controlled Congress might restrict debt... https://www.scmp.com/business/markets/article/3373266/us-midterms-blue-wave-jolts-asian-markets-tighter-ai-fiscal-scrutiny-looms https://www.scmp.com/business/markets/article/3373266/us-midterms-blue-wave-jolts-asian-markets-tighter-ai-fiscal-scrutiny-looms Wed, 04 Nov 2026 09:43:22 +0000 Tim Yuen Lingk Tim Yuen Lingk Chinese listed firms’ third-quarter dividend payments lag behind the global average, according to a report by Capital Group, throwing doubt over the effectiveness of Beijing’s ongoing stock market stabilisation plans. In China, dividends only rose 5.3 per cent on a core basis in the third-quarter, compared with global growth of 7.5 per cent, according to the Dividend Watch report released by Capital Group on Wednesday. Globally, 88 per cent of companies in the Capital Group index increased... https://www.scmp.com/business/markets/article/3373223/chinese-firms-third-quarter-dividend-growth-lags-global-average-amid-market-slump https://www.scmp.com/business/markets/article/3373223/chinese-firms-third-quarter-dividend-growth-lags-global-average-amid-market-slump Wed, 04 Nov 2026 05:31:16 +0000 Zhang Shidong Zhang Shidong Chinese investors refrained from bets on stocks this week, even after Beijing unveiled a litany of measures to shore up confidence in the world’s second-largest equity market. Leveraged traders trimmed their holdings to a one-year low this week, while new stock-account openings dropped by more than 30 per cent in October, according to official data. The retreat in retail enthusiasm contrasted with the government ramping up its efforts to prop up stocks, including liquidity injections through two... https://www.scmp.com/business/china-business/article/3373215/chinese-stock-investors-stay-sidelines-even-state-intervention-gathers-pace https://www.scmp.com/business/china-business/article/3373215/chinese-stock-investors-stay-sidelines-even-state-intervention-gathers-pace Wed, 04 Nov 2026 04:27:37 +0000 Ji Siqi Ji Siqi As concerns over the financial health of a state-owned conglomerate rattled China’s bond market over the past week, analysts said its challenges reflected the lasting toll of the country’s prolonged property crisis, with local governments struggling to find sustainable alternatives beyond real estate to support their economies. At the centre of the storm is Zhuhai Huafa Group, the largest local government-owned enterprise in Zhuhai in southern China’s Guangdong province. While property... https://www.scmp.com/economy/china-economy/article/3373162/debt-fears-swirling-around-state-giant-shine-light-chinas-post-property-reality https://www.scmp.com/economy/china-economy/article/3373162/debt-fears-swirling-around-state-giant-shine-light-chinas-post-property-reality Wed, 04 Nov 2026 01:00:13 +0000 Daniel Ren Daniel Ren China’s central bank governor has reaffirmed support for the country’s beleaguered stock market after a series of rescue measures failed to put a floor under plummeting share prices. Pan Gongsheng, governor of the People’s Bank of China (PBOC), pledged in a work report presented to the standing committee of the National People’s Congress on Tuesday that more actions would be taken to ease financial risks in key areas, including the capital market and the property sector. “Monetary policy tools... https://www.scmp.com/business/china-business/article/3373166/pboc-pledges-support-stocks-chinas-market-slide-defies-rescue-efforts https://www.scmp.com/business/china-business/article/3373166/pboc-pledges-support-stocks-chinas-market-slide-defies-rescue-efforts Tue, 03 Nov 2026 12:50:16 +0000 Yulu Ao Yulu Ao Global financial executives have voiced confidence in Hong Kong’s role as a bridge between mainland China and the rest of the world and as a safe haven helping businesses and investors navigate geopolitical tensions and shifting global capital flows. Speaking at the city’s annual Global Financial Leaders’ Investment Summit on Tuesday, banking leaders discussed how financial institutions were rethinking business and operational strategies in an increasingly uncertain environment, while... https://www.scmp.com/business/china-business/article/3373156/amid-global-uncertainty-top-bankers-back-hong-kongs-role-mainland-chinas-gateway https://www.scmp.com/business/china-business/article/3373156/amid-global-uncertainty-top-bankers-back-hong-kongs-role-mainland-chinas-gateway Tue, 03 Nov 2026 11:08:20 +0000 Peggy Ye Peggy Ye The artificial intelligence boom is creating an unprecedented demand for capital and infrastructure, raising questions about whether debt markets, power grids and corporate productivity can keep pace with the technology’s expansion, executives of global asset management firms warned at a Hong Kong summit. Investment in AI infrastructure could reach US$10 trillion over the next five years, approaching the size of the US$12 trillion US bond market, said Emmanuel Roman, CEO of Pimco. “At some point... https://www.scmp.com/business/banking-finance/article/3373108/some-point-its-going-be-too-much-global-financiers-grapple-ai-risks https://www.scmp.com/business/banking-finance/article/3373108/some-point-its-going-be-too-much-global-financiers-grapple-ai-risks Tue, 03 Nov 2026 09:00:07 +0000 Yulu Ao Yulu Ao Hong Kong is poised to play a bigger role in helping global investors diversify their portfolios as geopolitical uncertainties reshape capital flows and drive demand for alternative markets and asset classes, a senior executive from Bank of China said on Tuesday. The city’s position as an international financial centre, its links between mainland China and global markets, and its offshore yuan market make it an important gateway for cross-border investment, according to Bank of China president... https://www.scmp.com/business/banking-finance/article/3373107/hong-kongs-superconnector-role-key-geopolitics-reshapes-capital-flows-says-banker https://www.scmp.com/business/banking-finance/article/3373107/hong-kongs-superconnector-role-key-geopolitics-reshapes-capital-flows-says-banker Tue, 03 Nov 2026 07:38:07 +0000 Zhang Shidong Zhang Shidong The artificial intelligence (AI) boom could be a super-long cycle that would eventually drive productivity and bring down costs, according to the chairmen of Morgan Stanley and Goldman Sachs, who suggested the ongoing pullback in technology stocks could be a temporary speed bump. David Solomon, who is also Goldman Sachs’ CEO, and Ted Pick, also CEO of Morgan Stanley, touted the prospects of the cutting-edge technology and its demand at the Global Financial Leaders’ Investment Summit in Hong Kong... https://www.scmp.com/business/china-business/article/3373096/global-ai-sell-offs-rattle-investors-goldman-sachs-touts-enormous-opportunities https://www.scmp.com/business/china-business/article/3373096/global-ai-sell-offs-rattle-investors-goldman-sachs-touts-enormous-opportunities Tue, 03 Nov 2026 06:39:28 +0000 Daniel Ren Daniel Ren Chinese carmakers’ marketing tactics are under the spotlight after a controversy surrounding a comment by an Xpeng employee drew harsh criticism from middle-aged consumers. The incident comes as regulators step up quality checks on the reliability of automotive companies, according to industry officials and analysts. During a live-streamed new model launch ceremony on October 15, an Xpeng product manager used the term lao deng – a slang term referring to middle-aged people who appear to be... https://www.scmp.com/business/china-business/article/3372984/sales-slow-carmakers-china-turn-overt-marketing-tactics-and-face-controversy https://www.scmp.com/business/china-business/article/3372984/sales-slow-carmakers-china-turn-overt-marketing-tactics-and-face-controversy Tue, 03 Nov 2026 00:00:29 +0000 Zoe SL Chan Zoe SL Chan Bourse operator Hong Kong Exchanges and Clearing (HKEX) is taking a further step towards round-the-clock trading by pushing back the closing bell for its after-hours derivatives market by 75 minutes from next year, according to a statement released on Monday. The derivatives After-Hours Trading (AHT) session would extend to 4.15am from 3am, Hong Kong time, starting in March 2027, subject to regulatory approval and system readiness, according to HKEX. It added it was also considering a further... https://www.scmp.com/business/markets/article/3373015/hkex-extends-overnight-derivatives-trading-hong-kong-chases-global-market-flow https://www.scmp.com/business/markets/article/3373015/hkex-extends-overnight-derivatives-trading-hong-kong-chases-global-market-flow Mon, 02 Nov 2026 12:12:27 +0000 Zhang Shidong Zhang Shidong Chinese authorities have launched a renewed effort to stabilise the country’s struggling stock market, with a string of measures announced on Monday to boost liquidity, cut rates for share buy-back loans and ease curbs on leveraged trading. The concerted action by the People’s Bank of China (PBOC), China Securities Regulatory Commission (CSRC) and other financial regulators came after a joint meeting held in Beijing that day, as officials signalled a determination to defend the equity market... https://www.scmp.com/business/markets/article/3372993/beijing-refreshes-asset-swap-support-chinas-stock-market-after-sell https://www.scmp.com/business/markets/article/3372993/beijing-refreshes-asset-swap-support-chinas-stock-market-after-sell Mon, 02 Nov 2026 09:15:28 +0000 Neil Denslow,Haining Gao Neil Denslow,Haining Gao Chinese stocks rose following a report that financial regulators were set to discuss support measures with industry participants following a record 12-week sell-off. The CSI 300 Index closed up 0.8 per cent, while Shanghai’s tech-heavy Star 50 rose 3.1 per cent, the most since mid-September. Securities companies were among notable gainers marketwide, with Sinolink Securities and Pacific Securities both climbing by the 10 per cent daily limit. Hong Kong stocks gained 0.4 per cent. The People’s... https://www.scmp.com/plus/business/banking-finance/article/3372986/chinas-battered-stocks-get-little-relief-latest-support-efforts https://www.scmp.com/plus/business/banking-finance/article/3372986/chinas-battered-stocks-get-little-relief-latest-support-efforts Mon, 02 Nov 2026 09:00:09 +0000 Daniel Ren Daniel Ren China’s two largest carmakers, BYD and Geely Auto, recorded their strongest monthly sales of the year in October, bucking a downward trend in the world’s largest automotive market as smaller rivals come under increasing pressure to turn a profit. Shenzhen-based electric vehicle (EV) giant BYD handed over 490,168 cars to customers at home and abroad last month, up 11 per cent year on year, while Hangzhou-headquartered Geely delivered 310,183 petrol and electric cars worldwide in the same period,... https://www.scmp.com/business/china-business/article/3372948/byd-and-geely-hit-sales-highs-pressure-mounts-chinas-smaller-carmakers https://www.scmp.com/business/china-business/article/3372948/byd-and-geely-hit-sales-highs-pressure-mounts-chinas-smaller-carmakers Mon, 02 Nov 2026 08:00:07 +0000 Zhang Shidong Zhang Shidong China’s stocks rebounded on Monday from a brutal sell-off in October as speculation gathered pace that Beijing would double down on efforts to stem a rout that sent its benchmark into a bear market. The CSI 300 Index rose 0.8 per cent to 4,016.92 at the close. The Star Market 50 Index, which is dominated by the nation’s biggest chipmakers, rallied 3.1 per cent, and Shenzhen’s ChiNext gauge of tech start-ups surged nearly 2 per cent. Speculation was swirling that China would bolster a 300 billion... https://www.scmp.com/business/china-business/article/3372917/chinese-stocks-rebound-worst-sell-10-years-state-support-speculation-mounts https://www.scmp.com/business/china-business/article/3372917/chinese-stocks-rebound-worst-sell-10-years-state-support-speculation-mounts Mon, 02 Nov 2026 02:22:38 +0000 Zoe SL Chan,Themis Qi Zoe SL Chan,Themis Qi Hong Kong’s initial public offering (IPO) momentum has cooled sharply in the fourth quarter amid market volatility and tighter regulatory scrutiny, but industry players say a year-end rush of listings could still help the city secure a top-three global ranking for 2026. The market has slowed significantly since October, with only three new listings, all of which closed below their offer prices on debut. Two other IPO candidates shelved their listings after completing procedures, testing Hong... https://www.scmp.com/business/markets/article/3372736/has-hong-kongs-ipo-boom-hit-wall-or-year-end-rush-still-come https://www.scmp.com/business/markets/article/3372736/has-hong-kongs-ipo-boom-hit-wall-or-year-end-rush-still-come Mon, 02 Nov 2026 01:00:15 +0000 Daisy Wu Daisy Wu On November 4 last year, Zohran Mamdani won the New York mayoral election on a promise to make the city more affordable, with expanded social programmes funded in part by raising taxes on the city’s wealthiest residents and most profitable corporations. Nearly a year since his upset victory, he has secured one major piece of that agenda: a surcharge on high-end second homes. He also continues to push for higher corporate and income taxes. The proposals have intensified criticism of Mamdani, a... https://www.scmp.com/business/money/wealth/article/3372833/big-apple-vs-pearl-orient-how-higher-taxes-new-york-may-open-door-hong-kong https://www.scmp.com/business/money/wealth/article/3372833/big-apple-vs-pearl-orient-how-higher-taxes-new-york-may-open-door-hong-kong Sun, 01 Nov 2026 12:00:12 +0000 Yulu Ao Yulu Ao China’s central bank and securities regulator are expected to meet with financial institutions on Monday to discuss measures to bolster the country’s stock market, following a sell-off in October that heightened concerns over market stability, according to mainland media reports. The People’s Bank of China (PBOC) will meet representatives from major banks alongside the National Financial Regulatory Administration and the China Securities Regulatory Commission (CSRC) to discuss measures to... https://www.scmp.com/business/china-business/article/3372889/chinas-banks-regulators-meet-measures-arrest-stock-slide https://www.scmp.com/business/china-business/article/3372889/chinas-banks-regulators-meet-measures-arrest-stock-slide Sun, 01 Nov 2026 11:15:18 +0000 Howard Liu Howard Liu Soaring artificial intelligence revenues have failed to shield Intel, Amazon and Google’s parent company Alphabet from a brutal Wall Street sell-off, as their latest quarterly results deepened investor jitters over mounting capital spending and delayed returns. Intel plunged about 23 per cent in extended trading on Thursday, while Amazon shed 7.3 per cent. Alphabet tumbled 12.6 per cent during the regular session in its worst day on record, dragging the Nasdaq Composite down 1.4 per cent and... https://www.scmp.com/tech/big-tech/article/3372737/amid-brutal-sell-what-comes-next-google-amazon-and-other-big-tech-titans https://www.scmp.com/tech/big-tech/article/3372737/amid-brutal-sell-what-comes-next-google-amazon-and-other-big-tech-titans Fri, 30 Oct 2026 09:44:46 +0000 Christina Zhao Christina Zhao This week, China’s stock market slipped into a bear market, prompting the state-backed “national team” to pour about 170 billion yuan (US$25.52 billion) into exchange-traded funds (ETFs); Standard Chartered beat forecasts with a 46 per cent jump in third-quarter net profit; and the US Federal Reserve held rates steady, which also left Hong Kong’s base rate unchanged. Meanwhile, an offshore yuan bond structure known as Yulan made its debut in Dubai, and residential rents in Hong Kong extended a... https://www.scmp.com/business/markets/article/3372668/national-team-intervention-yulan-bonds-5-figures-investors-are-watching https://www.scmp.com/business/markets/article/3372668/national-team-intervention-yulan-bonds-5-figures-investors-are-watching Fri, 30 Oct 2026 07:00:07 +0000 Zhang Shidong Zhang Shidong Investors are gearing up for a high-stakes financial summit in Hong Kong next week, an event that has historically coincided with gains in the city’s stock market while underscoring its standing as a global financial hub. The annual Global Financial Leaders’ Investment Summit enters its fifth year on Monday with a welcome dinner, followed by two days of panel discussions with senior executives. Major economic trends, shifts in financial markets and the impact of technological advances on... https://www.scmp.com/business/china-business/article/3372587/traders-await-hong-kongs-marquee-financial-summit-good-omen-stocks https://www.scmp.com/business/china-business/article/3372587/traders-await-hong-kongs-marquee-financial-summit-good-omen-stocks Fri, 30 Oct 2026 01:00:21 +0000 Tim Yuen Lingk Tim Yuen Lingk The artificial intelligence boom in the United States is set to raise corporate valuations even higher as Anthropic prepares for a public listing, reinforcing the dominance of American companies among the world’s most valuable firms and widening the gap with Chinese firms. Anthropic, valued at US$965 billion in its most recent funding round, is targeting an IPO valuation of US$1.5 trillion to US$2 trillion. Achieving that target would easily secure it a spot among the world’s 20 largest publicly... https://www.scmp.com/business/markets/article/3372621/anthropic-eyes-mega-ipo-why-are-chinese-tech-valuations-so-far-behind https://www.scmp.com/business/markets/article/3372621/anthropic-eyes-mega-ipo-why-are-chinese-tech-valuations-so-far-behind Thu, 29 Oct 2026 23:00:07 +0000 Daniel Ren Daniel Ren China’s two largest carmakers, BYD and Geely Auto, reported a jump in their third-quarter earnings, propelled by surging overseas sales as they intensified pressure on established international marques in Europe and Southeast Asia. BYD, mainland China’s largest automotive group, posted a net profit of 10 billion yuan (US$1.5 billion) in the three months ending September, up 28 per cent from the same period a year earlier. Revenue grew 13.6 per cent to 211.5 billion yuan. Geely said on Thursday... https://www.scmp.com/business/china-evs/article/3372611/chinas-byd-geely-report-profit-jump-sales-abroad-surge-though-local-market-stalls https://www.scmp.com/business/china-evs/article/3372611/chinas-byd-geely-report-profit-jump-sales-abroad-surge-though-local-market-stalls Thu, 29 Oct 2026 12:41:05 +0000 Enoch Yiu Enoch Yiu Recent unrest in France and the Middle East war could prompt investors to seek greater diversification, potentially driving capital inflows to Asian markets in the coming months – including mainland China and Hong Kong – according to a senior executive of Allianz Global Investors (AllianzGI), one of Europe’s largest fund houses. Julie Koo, head of distribution in Asia-Pacific for the company, said the recent protests in France, Italy and Spain would lead investors to review and adjust their... https://www.scmp.com/business/markets/article/3372502/hong-kong-poised-capital-inflow-amid-unrest-france-middle-east-war-allianzgi https://www.scmp.com/business/markets/article/3372502/hong-kong-poised-capital-inflow-amid-unrest-france-middle-east-war-allianzgi Thu, 29 Oct 2026 06:00:40 +0000 Vincent Chow Vincent Chow Leading Chinese robotics company Unitree Robotics on Wednesday reported a 69.93 per cent year-on-year increase in quarterly revenue to 665 million yuan (US$99.7 million), though net profits excluding non-recurring items fell 17.42 per cent to 105 million yuan, as the company released its first earnings since going public. The results for the three months ending September 30 showed a continued surge in research and development spending by the Hangzhou-based company, which jumped 249.58 per cent... https://www.scmp.com/tech/article/3372474/unitree-reports-70-surge-quarterly-revenue-though-ai-investment-weighs-net-profit https://www.scmp.com/tech/article/3372474/unitree-reports-70-surge-quarterly-revenue-though-ai-investment-weighs-net-profit Wed, 28 Oct 2026 13:38:07 +0000 Zhang Shidong Zhang Shidong Increasingly apparent state buying in China’s struggling stock market helped drive the benchmark CSI 300 Index up 0.9 per cent on Wednesday, but will be insufficient to engineer a durable rally in the world’s second-largest equity market, according to analysts from global investment banks. “National team” investors – state entities buying exchange-traded funds (ETFs) and other vehicles – poured as much as 170 billion yuan (US$25.5 billion) into the market this month. But such intervention was... https://www.scmp.com/business/china-business/article/3372395/chinas-stock-slide-cant-be-reversed-massive-state-buying-analysts-warn https://www.scmp.com/business/china-business/article/3372395/chinas-stock-slide-cant-be-reversed-massive-state-buying-analysts-warn Wed, 28 Oct 2026 06:00:06 +0000