https://www.scmp.com/rss/32366/feed The latest news, analysis and opinion on J.P. Morgan. In-depth analysis, industry insights and expert opinion. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Cheryl Arcibal Cheryl Arcibal Hong Kong property transactions surged to a four-month high in April, while the value and volume of home sales hit their highest level in 24 months, according to the latest official data, underscoring the resilience of the city’s real estate sector amid uncertainties over interest rates and the US-Israel war on Iran. A total of 8,692 transactions across homes, offices, shops, car parking spots and industrial spaces were concluded last month, up 12.3 per cent from March’s 7,737 deals, according... https://www.scmp.com/business/article/3352506/hong-kong-home-sales-surge-2-year-high-boosting-overall-transactions?utm_source=rss_feed https://www.scmp.com/business/article/3352506/hong-kong-home-sales-surge-2-year-high-boosting-overall-transactions?utm_source=rss_feed Tue, 05 May 2026 10:45:04 +0000 Themis Qi Themis Qi China’s electric vehicle (EV) king BYD reported a slump in first-quarter net profit as weakness in its domestic market outweighed rising exports. The mainland’s largest and most profitable EV maker reported a net profit of nearly 4.09 billion yuan (US$590 million) for the first three months of the year, a drop of 55 per cent compared with a year earlier. Revenue came in at 150.2 billion yuan, down 11.8 per cent from a year earlier. The market’s consensus estimate was 4.09 billion yuan for net... https://www.scmp.com/business/china-evs/article/3351734/byd-chinas-ev-king-posts-55-slump-first-quarter-profit?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3351734/byd-chinas-ev-king-posts-55-slump-first-quarter-profit?utm_source=rss_feed Tue, 28 Apr 2026 11:44:14 +0000 Ben Jiang Ben Jiang Chinese robotaxi firms from Pony AI to WeRide are accelerating global roll-outs of commercial fleets, leveraging cost competitiveness from the country’s world-leading new energy vehicle (NEV) supply chain and improved operational efficiency, company executives have said. China’s NEV supply chain had helped reduce the total cost of Pony AI’s upgraded seventh-generation robotaxi – including the base vehicle, battery and autonomous driving kit – to below 230,000 yuan (US$33,700), making it cheaper... https://www.scmp.com/tech/tech-trends/article/3351581/chinese-robotaxi-firms-accelerate-global-roll-outs-cost-edge-drives-expansion?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3351581/chinese-robotaxi-firms-accelerate-global-roll-outs-cost-edge-drives-expansion?utm_source=rss_feed Mon, 27 Apr 2026 13:30:09 +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 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 Nicholas Spiro Nicholas Spiro In March 2024, the Bank of Japan raised interest rates for the first time since 2007, lifting borrowing costs out of negative territory and calling time on decades of ultra-loose monetary policy as Japan emerged from a long period of entrenched deflation. At the time, inflation had been above the central bank’s 2 per cent target for 22 months. Fast forward to today, and inflationary pressures continue to build. Although headline inflation fell to 1.3 per cent in February, this was because of the... https://www.scmp.com/opinion/asia-opinion/article/3351088/why-japans-central-bank-caught-between-rock-and-hard-place?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3351088/why-japans-central-bank-caught-between-rock-and-hard-place?utm_source=rss_feed Thu, 23 Apr 2026 08:30:08 +0000 Vincent Chow Vincent Chow In the first of a three-part series on Anthropic’s new powerful Mythos AI model, we look at its impact on Chinese AI, cybersecurity and competition with the US. US start-up Anthropic announced its latest artificial intelligence model Claude Mythos Preview on April 7, sparking an unprecedented global response among policymakers and regulators due to its powerful ability to identify and exploit cybersecurity vulnerabilities. Instead of a public release, Anthropic released Mythos to a consortium of... https://www.scmp.com/tech/tech-trends/article/3350987/anthropics-mythos-stoking-cybersecurity-fears-what-does-it-mean-china?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3350987/anthropics-mythos-stoking-cybersecurity-fears-what-does-it-mean-china?utm_source=rss_feed Wed, 22 Apr 2026 08:00:08 +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 Zhang Shidong,Enoch Yiu Zhang Shidong,Enoch Yiu The US-Israeli war on Iran has unleashed sharp swings across global energy and financial markets, fuelling demand for safe-haven assets, with Hong Kong emerging as a potential beneficiary across gold, property and capital markets. In the third of a three-part series, we look at Hong Kong’s position as a stable base where demand for property has held firm despite the global turmoil. The seven-week military conflict in the Middle East will redefine Hong Kong’s role as a global financial centre,... https://www.scmp.com/business/china-business/article/3350634/hong-kong-reasserts-role-safe-haven-global-finance-amid-middle-east-turmoil?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350634/hong-kong-reasserts-role-safe-haven-global-finance-amid-middle-east-turmoil?utm_source=rss_feed Mon, 20 Apr 2026 02:30:10 +0000 Themis Qi Themis Qi Shanghai-listed Huaqin, one of the world’s largest consumer electronics original design manufacturers (ODMs), kicked off a Hong Kong share sale on Wednesday, aiming to raise up to HK$4.55 billion (US$580 million). The electronics giant – the latest mainland-listed firm to tap Hong Kong’s stock market with Beijing’s backing – is offering 58.55 million shares, with 10 per cent earmarked for retail investors and the rest for international placement. The maximum offer price of HK$77.70 per share... https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3350132/huaqins-us580-million-hong-kong-share-sale-attracts-jpmorgan-and-ubs?utm_source=rss_feed https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3350132/huaqins-us580-million-hong-kong-share-sale-attracts-jpmorgan-and-ubs?utm_source=rss_feed Wed, 15 Apr 2026 06:00:51 +0000 Julie Zhang Julie Zhang China’s healthcare sector has been drawing offshore capital to Hong Kong-listed stocks as investors look for safe havens amid global volatility in commodities. The Hang Seng Healthcare Index, tracking some of China’s most innovative pharmaceutical companies including Akeso and Innovent Biologics, has surged about 13 per cent since March 23, outpacing the benchmark Hang Seng Index’s about 6 per cent gain over the same period. “Although the Middle East conflict has created a lot of uncertainty and... https://www.scmp.com/business/banking-finance/article/3349635/china-healthcare-stocks-outgain-hong-kong-market-middle-east-roils-global-investments?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3349635/china-healthcare-stocks-outgain-hong-kong-market-middle-east-roils-global-investments?utm_source=rss_feed Fri, 10 Apr 2026 07:30:09 +0000 Julie Zhang Julie Zhang US dollar-denominated funds could face more hurdles when investing in Chinese tech and biotech companies as Beijing adopts a stricter approach to companies seeking listings via offshore incorporated vehicles. Indicative of Chinese regulators’ caution in overseeing sensitive industries, industry sources say the move ensures that any sale of assets does not escape regulatory scrutiny. And for any offshore incorporated structures that are approved, the stock regulator requires listing applicants to... https://www.scmp.com/business/banking-finance/article/3349166/stricter-chinese-scrutiny-offshore-vehicles-blow-tech-and-biotech-ipo-candidates?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3349166/stricter-chinese-scrutiny-offshore-vehicles-blow-tech-and-biotech-ipo-candidates?utm_source=rss_feed Tue, 07 Apr 2026 00:00:09 +0000 Vanessa Cai,William Zheng Vanessa Cai,William Zheng Donald Trump’s threat to seize Kharg Island – a key Iranian oil hub – could be a risky proposition, analysts say, given its strategic location in the Persian Gulf. The small coral island lying about 33km (21 miles) offshore handles around 90 per cent of Iran’s crude shipments. It also sits close to missile and drone ranges stationed on the Iranian mainland and about 660km (410 miles) from the now heavily fortified Strait of Hormuz. The Trump administration has been considering deploying troops... https://www.scmp.com/news/china/diplomacy/article/3348843/how-trumps-plan-take-irans-kharg-island-could-come-unhinged?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3348843/how-trumps-plan-take-irans-kharg-island-could-come-unhinged?utm_source=rss_feed Thu, 02 Apr 2026 13:28:37 +0000 Yulu Ao Yulu Ao A burst of 16 new and refiled initial public offering (IPO) applications on Tuesday – including Miniso-backed toy retailer Top Toy – signals a renewed push by companies to tap Hong Kong’s capital markets, as the city looks to cement its standing as a leading global listing venue despite intensifying competition and lingering headwinds. The filings, disclosed by Hong Kong Exchanges and Clearing (HKEX) on March 31, span a range of sectors, though hard-tech firms dominate the pipeline. Companies... https://www.scmp.com/business/china-business/article/3348674/ipo-rush-returns-hong-kong-cements-its-position-top-global-listings?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348674/ipo-rush-returns-hong-kong-cements-its-position-top-global-listings?utm_source=rss_feed Wed, 01 Apr 2026 10:00:32 +0000 Julie Zhang Julie Zhang Homebuyers continued to signal confidence in Hong Kong’s residential market on Saturday, brushing off global economic risks tied to the Middle East conflict and expectations of slower interest rate cuts, as a new project by Henderson Land Development sold out within hours. All 123 units at Chester, the fifth phase of the Midtown South redevelopment in Hung Hom, were snapped up, according to property agents. “About 60 per cent of buyers are end users while about 40 per cent are investors and... https://www.scmp.com/business/companies/article/3348249/hung-hom-flats-sell-out-hong-kong-homebuyers-brush-aside-middle-east-risks?utm_source=rss_feed https://www.scmp.com/business/companies/article/3348249/hung-hom-flats-sell-out-hong-kong-homebuyers-brush-aside-middle-east-risks?utm_source=rss_feed Sat, 28 Mar 2026 09:40:15 +0000 Themis Qi Themis Qi The era of price wars in China’s electric vehicle (EV) market is giving way to a new contest: who can deliver better technology at the same price. On a cloudy evening in March, Shenzhen-based BYD put forward its answer with the unveiling of a battery capable of charging from 10 to 70 per cent in just five minutes – and to 97 per cent in nine minutes. The company said it would apply the technology to models priced as low as 155,000 yuan (US$22,500) while building 20,000 charging stations this... https://www.scmp.com/business/china-evs/article/3348131/how-chinas-ev-makers-think-they-can-outrun-disastrous-price-wars?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3348131/how-chinas-ev-makers-think-they-can-outrun-disastrous-price-wars?utm_source=rss_feed Sat, 28 Mar 2026 02:00:13 +0000 Daniel Ren,Cheryl Arcibal Daniel Ren,Cheryl Arcibal China’s electric vehicle (EV) king BYD posted its first annual profit drop in four years as it faced intensifying competition from domestic rivals in a cutthroat market. The Shenzhen-based company reported a net profit of 32.6 billion yuan (US$4.72 billion) for 2025, down 18.97 per cent from a year earlier, according to a filing to the Hong Kong and Shenzhen stock exchanges. That missed a consensus forecast of 35.4 billion yuan in a Bloomberg survey of analysts. Revenue grew 3.46 per cent to... https://www.scmp.com/business/china-business/article/3348207/byds-four-year-profit-run-ends-eyes-global-markets-next-engine-growth?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348207/byds-four-year-profit-run-ends-eyes-global-markets-next-engine-growth?utm_source=rss_feed Fri, 27 Mar 2026 14:00:12 +0000 Enoch Yiu Enoch Yiu JPMorgan Chase plans to expand its corporate banking team by about 10 per cent across Asia-Pacific this year, as its plans in the region will not be slowed down by uncertainties arising from the US-Israel war on Iran, according to a senior executive. The hiring campaign was part of the lender’s longer-term plan, which aimed to increase its headcount in the region by 40 per cent between 2023 and 2026, said James Roddy, head of global corporate banking. The corporate banking business in... https://www.scmp.com/business/banking-finance/article/3347354/jpmorgan-expand-asia-pacific-team-10-year-undeterred-middle-east-conflict?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347354/jpmorgan-expand-asia-pacific-team-10-year-undeterred-middle-east-conflict?utm_source=rss_feed Mon, 23 Mar 2026 00:30:15 +0000 Cheryl Arcibal Cheryl Arcibal Hongkonger Katie Chan was hoping to buy a flat to live in, and although the 37-year-old accountant was in no rush, the potential longer pause in interest rate cuts could delay her decision. For Chan, the ideal mortgage would be if the one-month Hong Kong interbank offered rate (Hibor) fell below 1.95 per cent, but this year the key driver for local mortgage costs and corporate borrowing rates had only dropped to as low as 2.02 per cent, according to data tracked by the Hong Kong Association of... https://www.scmp.com/business/article/3347469/potential-rate-cut-pause-geopolitical-tensions-may-cloud-hong-kong-property-recovery?utm_source=rss_feed https://www.scmp.com/business/article/3347469/potential-rate-cut-pause-geopolitical-tensions-may-cloud-hong-kong-property-recovery?utm_source=rss_feed Sun, 22 Mar 2026 23:30:16 +0000 Iris Deng,Wency Chen Iris Deng,Wency Chen Tencent Holdings and Alibaba Group Holding are set to report quarterly earnings this week, against a backdrop of an artificial intelligence boom that is reshaping the global economy and fuelling a frenzy in China around open-source AI agents such as OpenClaw. The South China Morning Post examines market expectations for their results and the key themes investors will be watching. What are the expectations for top line and bottom line performances? Shenzhen-based Tencent, operator of China’s... https://www.scmp.com/tech/article/3346920/tencent-and-alibaba-quarterly-earnings-preview-key-things-watch?utm_source=rss_feed https://www.scmp.com/tech/article/3346920/tencent-and-alibaba-quarterly-earnings-preview-key-things-watch?utm_source=rss_feed Wed, 18 Mar 2026 01:00:15 +0000 Daniel Ren Daniel Ren Chinese carmakers, saddled with excess capacity and weak demand at home, are taking a new approach to global expansion: utilising idled facilities abandoned by international marques. By adopting an asset-light strategy, companies from Geely Auto to Great Wall Motor (GWM) can assemble their cars overseas at lower costs, broadening their influence on the global automotive sector, according to analysts. “Mindful of profitability as well as geopolitical and operating risks, Chinese carmakers are... https://www.scmp.com/business/china-business/article/3346472/carpool-chinese-giants-use-idled-foreign-plants-fuel-global-expansion?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346472/carpool-chinese-giants-use-idled-foreign-plants-fuel-global-expansion?utm_source=rss_feed Sun, 15 Mar 2026 12:00:07 +0000 Coco Feng Coco Feng Aridge, the flying-car developer backed by Chinese electric vehicle maker Xpeng, has raised nearly US$200 million in fresh funding as it prepares for a potential initial public offering (IPO) in Hong Kong this year. Existing investors including GL Ventures, the venture capital arm of Hillhouse Investment, and HongShan – formerly Sequoia China – participated in the latest round, according to a statement released on Friday. The fundraising brings Aridge’s total equity financing to about US$1... https://www.scmp.com/tech/article/3346597/flying-car-dreams-gain-altitude-xpeng-affiliate-aridge-raises-us200-million?utm_source=rss_feed https://www.scmp.com/tech/article/3346597/flying-car-dreams-gain-altitude-xpeng-affiliate-aridge-raises-us200-million?utm_source=rss_feed Sat, 14 Mar 2026 08:43:40 +0000 Cheryl Arcibal Cheryl Arcibal JPMorgan Chase has committed to leasing about 250,000 sq ft of space in the new Sun Hung Kai Properties (SHKP) office towers in Hong Kong’s West Kowloon district for 10 years, making the US investment bank the anchor tenant of the 700,000 sq ft mixed-use development, the Hong Kong-listed developer said on Friday. Artist Square Towers (AST) will house the bank’s Kowloon office, which is currently located at The Quayside in Kowloon East, starting in the latter half of 2028, according to an... https://www.scmp.com/business/article/3346491/jpmorgan-signs-anchor-tenant-shkps-west-kowloon-office-development?utm_source=rss_feed https://www.scmp.com/business/article/3346491/jpmorgan-signs-anchor-tenant-shkps-west-kowloon-office-development?utm_source=rss_feed Fri, 13 Mar 2026 10:30:08 +0000 Agence France-Presse Agence France-Presse Kharg Island, a scrubby stretch of land in the northern Gulf, handles almost all of Iran’s crude exports and any attempt to seize it would mark a major escalation in the conflict, analysts have said. The US and Israel have so far treaded carefully around the island, but an Axios report over the weekend cited Trump administration officials saying capturing Kharg was on the table as the war in the Middle East persists. The island, located around 30km (19 miles) off the Iranian mainland, handles... https://www.scmp.com/news/world/middle-east/article/3346181/irans-vital-oil-hub-kharg-island-americas-crosshairs?utm_source=rss_feed https://www.scmp.com/news/world/middle-east/article/3346181/irans-vital-oil-hub-kharg-island-americas-crosshairs?utm_source=rss_feed Wed, 11 Mar 2026 05:15:17 +0000 Aileen Chuang,Enoch Yiu Aileen Chuang,Enoch Yiu HSBC Holdings and its subsidiary Hang Seng Bank are phasing out their remote-work flexibility as they tighten their post-pandemic policy in Hong Kong, requiring frontline employees to be in the office or meet clients five days a week. In an internal memo seen by the South China Morning Post, HSBC, the city’s largest bank, asked client-facing staff, including traders and salespeople, to follow the new rules from April 1. Sources said Hang Seng Bank would follow the same rules. Managing directors... https://www.scmp.com/business/banking-finance/article/3346083/hsbc-phases-out-work-home-flexibility-frontline-staff-hong-kong?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3346083/hsbc-phases-out-work-home-flexibility-frontline-staff-hong-kong?utm_source=rss_feed Tue, 10 Mar 2026 07:44:31 +0000 Agence France-Presse Agence France-Presse For years India’s economy was driven by its vast services sector that saw millions of people working away in low-cost back offices providing consultancy for predominantly Western companies. But over the past decade they have given way to centres that allow firms to tap top-tier talent and technology, where white-collar staff perform tasks ranging from IT and data analytics to innovation and design. Today, these centres are the shiniest parts of India’s red-hot economy but not everyone has been... https://www.scmp.com/news/asia/south-asia/article/3345855/boom-times-indias-economy-opportunities-remain-uneven?utm_source=rss_feed https://www.scmp.com/news/asia/south-asia/article/3345855/boom-times-indias-economy-opportunities-remain-uneven?utm_source=rss_feed Sun, 08 Mar 2026 05:15:07 +0000 Peggy Sito Peggy Sito The recovery in Hong Kong’s property market has begun attracting overseas investors back to the sector, with the Hang Seng Properties Index rising more than 20 per cent this year. International investors, who have had limited exposure to Hong Kong property stocks over the past two to three years, had begun revisiting the sector and adding positions since the start of 2026, according to Citi. At a recent global investor conference hosted by the US bank, participants said they were showing greater... https://www.scmp.com/business/companies/article/3345537/global-investors-revisit-hong-kong-property-stocks-housing-market-recovery-gathers-pace?utm_source=rss_feed https://www.scmp.com/business/companies/article/3345537/global-investors-revisit-hong-kong-property-stocks-housing-market-recovery-gathers-pace?utm_source=rss_feed Thu, 05 Mar 2026 06:38:00 +0000 Julie Zhang Julie Zhang The pace and size of outlicensing deals between Chinese drug makers and global partners have accelerated this year, highlighted by two agreements announced this week, each worth more than US$1 billion. The string of deals shows how China is becoming a sought-after source of drug candidates for multinational pharmaceutical companies, which are increasingly looking for long-term partnerships rather than one-off arrangements, analysts said. The latest deals, Sino Biopharmaceutical’s agreement with... https://www.scmp.com/business/china-business/article/3345404/china-outlicensing-tops-us52-billion-first-two-months-rise-global-deals?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3345404/china-outlicensing-tops-us52-billion-first-two-months-rise-global-deals?utm_source=rss_feed Wed, 04 Mar 2026 09:30:11 +0000 Peggy Ye Peggy Ye The Taiwan Stock Exchange has become increasingly tied to American capital, as the global artificial intelligence boom drew a record amount of US investments into the island’s semiconductor-heavy equity market. US investors currently hold a record US$668 billion worth of Taiwan equities – about 23 per cent of the exchange’s total market capitalisation – after funnelling roughly US$12 billion into the market in 2025, according to BNP Paribas, citing data from Treasury International Capital – a... https://www.scmp.com/business/markets/article/3345307/us-investors-drive-record-outlay-taiwans-equities-market-back-ai-boom?utm_source=rss_feed https://www.scmp.com/business/markets/article/3345307/us-investors-drive-record-outlay-taiwans-equities-market-back-ai-boom?utm_source=rss_feed Tue, 03 Mar 2026 22:30:08 +0000 Vincent Chow Vincent Chow Chinese artificial intelligence company MiniMax Group posted better-than-expected annual revenue growth in its first earnings report since its blockbuster Hong Kong listing, as its CEO predicted a doubling in revenue this year. Revenue rose nearly 159 per cent year on year to US$79 million for the year ended December 2025, the Shanghai-based company said on Monday, beating an estimate of US$71.39 million by analysts polled by Bloomberg. Meanwhile, CEO Yan Junjie said in a post-earnings call that... https://www.scmp.com/tech/article/3345116/chinese-ai-firm-minimaxs-revenue-jumps-159-us79-million-strong-demand?utm_source=rss_feed https://www.scmp.com/tech/article/3345116/chinese-ai-firm-minimaxs-revenue-jumps-159-us79-million-strong-demand?utm_source=rss_feed Mon, 02 Mar 2026 10:39:54 +0000 Vincent Chow Vincent Chow Chinese tech giant Huawei Technologies has joined hands with US companies OpenAI and Google, among others, to advance global open-source standards in the rapidly advancing field of agentic artificial intelligence. The development marks a rare collaboration between a US-sanctioned Chinese heavyweight and its US counterparts in global AI standards setting amid US-China geopolitical and tech competition. On Tuesday, the Agentic AI Foundation (AAIF) announced Huawei as one of 97 new members joining... https://www.scmp.com/tech/big-tech/article/3344667/huawei-joins-openai-google-global-push-advance-ai-standards-rare-china-us-collab?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3344667/huawei-joins-openai-google-global-push-advance-ai-standards-rare-china-us-collab?utm_source=rss_feed Thu, 26 Feb 2026 02:31:40 +0000 Peggy Ye Peggy Ye Global investment banks are rallying behind a more bullish view of Hong Kong’s housing market, with JPMorgan Chase and Goldman Sachs joining Morgan Stanley in forecasting double-digit price gains after a stronger-than-expected rebound. Morgan Stanley was the first major bank to forecast a 10 per cent increase in home prices in January, which was widely seen as aggressive at the time. With fresh data bolstering signs of a recovery, other banks have also lifted their 2026 estimates. According to a... https://www.scmp.com/business/article/3344361/more-banks-catch-hong-kongs-housing-rebound-upgrade-market-forecast?utm_source=rss_feed https://www.scmp.com/business/article/3344361/more-banks-catch-hong-kongs-housing-rebound-upgrade-market-forecast?utm_source=rss_feed Mon, 23 Feb 2026 23:30:08 +0000 Daniel Ren Daniel Ren Major Chinese carmakers have cut their lengthy supplier payment cycles – previously used to offset costs and stay competitive in the country’s vast auto market – from nearly a year to less than 60 days, a government-backed industry consortium said, following heightened efforts from Beijing to police the cutthroat sector. The China Association of Automobile Manufacturers (CAAM) said in a statement on Thursday that the 17 assemblers it recently investigated took an average of 54 days to pay their... https://www.scmp.com/business/china-business/article/3343294/chinas-carmakers-cut-supplier-payment-cycles-amid-beijings-price-war-crackdown?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343294/chinas-carmakers-cut-supplier-payment-cycles-amid-beijings-price-war-crackdown?utm_source=rss_feed Thu, 12 Feb 2026 09:00:11 +0000 Cao Li Cao Li China’s commercial real estate stress will force some Hong Kong banks with significant exposure to the sector to set aside additional reserves for potentially higher non-performing loans, which could weigh on their second-half 2025 earnings, according to Citi. In a report on Tuesday, Citi Research said Bank of China (Hong Kong) (BOCHK), the Hong Kong subsidiary of state-owned Bank of China, and Bank of East Asia (BEA) had the highest exposure to China’s commercial real estate, which is under... https://www.scmp.com/business/banking-finance/article/3343080/chinas-property-woes-likely-hurt-some-hong-kong-banks-2025-earnings-citi?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3343080/chinas-property-woes-likely-hurt-some-hong-kong-banks-2025-earnings-citi?utm_source=rss_feed Tue, 10 Feb 2026 11:28:24 +0000 Iman Muttaqin Yusof Iman Muttaqin Yusof Malaysia’s Prime Minister Anwar Ibrahim has sought to douse public speculation after his name appeared in a newly released email exchange involving Jeffrey Epstein, the convicted US sex offender whose web of connections to the rich and powerful remains a source of scandal years after his death. Anwar was among several world figures – including India’s Prime Minister Narendra Modi, billionaire Bill Gates and Britain’s disgraced former prince Andrew – mentioned in a tranche of Epstein-related... https://www.scmp.com/week-asia/politics/article/3342056/malaysias-anwar-brushes-epstein-speculation-queasy-emoji-post?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3342056/malaysias-anwar-brushes-epstein-speculation-queasy-emoji-post?utm_source=rss_feed Mon, 02 Feb 2026 05:40:14 +0000 Nicholas Spiro Nicholas Spiro Canadian Prime Minister Mark Carney does not mince his words. Writing for The Economist last November, Carney argued the post-Cold War had collapsed and said the world was “entering an era of ‘variable geometry’” involving “pragmatic coalitions, built around shared interests, and occasionally shared values, rather than shared institutions”. The essay, it turns out, was the prelude to a hard-hitting speech at the World Economic Forum in Davos, Switzerland, on January 20. Carney told attendees... https://www.scmp.com/opinion/world-opinion/article/3341634/what-ruptured-globalisation-means-international-finance?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3341634/what-ruptured-globalisation-means-international-finance?utm_source=rss_feed Thu, 29 Jan 2026 08:30:10 +0000 Wency Chen Wency Chen As AI video generation has evolved from a curiosity to a productivity tool embraced by serious creators, the Kling platform developed by China’s Kuaishou has landed firmly in the top tier alongside Google’s Veo and OpenAI’s Sora. Kling has rapidly grown into a meaningful new business line for the company – long a runner-up to TikTok owner ByteDance in China’s short video arena – since its launch in June 2024, reaching about 12 million monthly active users and annual recurring revenue of roughly... https://www.scmp.com/tech/big-tech/article/3341164/ai-video-generation-how-chinas-kling-challenges-googles-veo-openais-sora?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3341164/ai-video-generation-how-chinas-kling-challenges-googles-veo-openais-sora?utm_source=rss_feed Mon, 26 Jan 2026 13:30:10 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) king BYD aims for a 24 per cent increase in its overseas deliveries in 2026, buoyed by an expanded sales network and new model launches, as it pursues growth abroad to counteract a slowing domestic market. The Shenzhen-based company, the world’s largest builder of pure electric and plug-in hybrid vehicles, expected to sell 1.3 million cars this year outside mainland China, up 24.3 per cent from 2025, said Li Yunfei, general manager of branding and public relations,... https://www.scmp.com/business/china-business/article/3341156/chinese-carmaker-byd-chases-24-export-growth-new-models-more-showrooms-abroad?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341156/chinese-carmaker-byd-chases-24-export-growth-new-models-more-showrooms-abroad?utm_source=rss_feed Sun, 25 Jan 2026 08:30:30 +0000 Peggy Ye Peggy Ye A Nomura Holdings banker has bought a detached luxury house at Villa Rosa in Hong Kong’s Southern District for HK$75 million (US$9.6 million), highlighting the gradual return of foreign professionals and senior executives to the city’s high-end residential market as prices soften. Sachin Tulshyan, a Hong Kong-based managing director for equity products at Nomura, acquired the four-bedroom house in Tai Tam on December 5, according to Land Registry records. Nomura did not respond to a request for... https://www.scmp.com/business/article/3340970/nomura-banker-buys-hk75-million-house-hong-kong-luxury-market-steadies?utm_source=rss_feed https://www.scmp.com/business/article/3340970/nomura-banker-buys-hk75-million-house-hong-kong-luxury-market-steadies?utm_source=rss_feed Fri, 23 Jan 2026 08:30:13 +0000 Julie Zhang Julie Zhang As Chinese biotech and pharmaceutical firms gain importance on the global stage, foreign investors from sovereign wealth funds to industry players are securing strategic stakes in their future success. International institutional investors have built up significant positions in Chinese biotech firms over the past decade. These positions often approach, and in some cases exceed, the 5 per cent disclosure threshold for substantial shareholders in Hong Kong. BlackRock, the world’s largest asset... https://www.scmp.com/business/china-business/article/3340801/revealed-global-funds-blackrock-temasek-back-chinas-largest-biotech-firms?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340801/revealed-global-funds-blackrock-temasek-back-chinas-largest-biotech-firms?utm_source=rss_feed Fri, 23 Jan 2026 00:30:09 +0000 Reuters Reuters US President Donald Trump has filed a US$5 billion lawsuit against JPMorgan Chase on accusations of debanking, according to a complaint posted ‌on the CNBC website. Trump said JPMorgan violated its own policies by singling him out, in a bid to ride ‍the “political tide”, and terminating several of his accounts. He said the bank “unabashedly” boasted for 225 years it served customers with respect, and worked diligently to uphold its core values. “Despite claiming to hold these principles dear,... https://www.scmp.com/news/world/united-states-canada/article/3340908/trump-sues-jpmorgan-accusing-bank-closing-his-accounts-political-reasons?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3340908/trump-sues-jpmorgan-accusing-bank-closing-his-accounts-political-reasons?utm_source=rss_feed Thu, 22 Jan 2026 19:25:41 +0000 SCMP Editorial SCMP Editorial China’s electric vehicle industry faces a wave of consolidation in 2026 as declining domestic demand, softening state support and investor scepticism threaten the survival of dozens of unprofitable manufacturers in the world’s largest car market. To be sure, there are bright spots, with Beijing renewing a trade-in subsidy worth up to 20,000 yuan (US$2,870) per car purchase, although relief from a 10 per cent purchase tax will be phased out from this year. Also, a China-EU deal on a pricing... https://www.scmp.com/opinion/comment/article/3340510/chinas-ev-industry-should-focus-consolidation-home-expansion-abroad?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3340510/chinas-ev-industry-should-focus-consolidation-home-expansion-abroad?utm_source=rss_feed Tue, 20 Jan 2026 22:45:11 +0000 Daniel Ren Daniel Ren Western countries’ positive stance on electric vehicles (EVs) has given Chinese carmakers from BYD to Leapmotor renewed vigour to step up their global expansion and counter a slowing domestic market, industry observers said. Europe’s buoyant EV market last year lifted Chinese assemblers’ hopes to boost their exports to shore up their profits and hone their international image, they added. “A welcoming attitude towards electrification is good news for Chinese EV makers because they enjoy... https://www.scmp.com/business/china-business/article/3340586/chinese-ev-makers-overseas-outlook-improves-europe-levels-playing-field?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340586/chinese-ev-makers-overseas-outlook-improves-europe-levels-playing-field?utm_source=rss_feed Tue, 20 Jan 2026 12:12:03 +0000 Bloomberg Bloomberg Nearly a year after DeepSeek’s AI breakthrough rattled global markets, mainland China is entering 2026 with a fresh wave of technological advances that are powering a stock rally, even as its economy remains fragile. Thanks to fresh progress in sectors from commercial rockets to robotics and flying cars, Chinese tech shares have begun the new year with a bang. An onshore Nasdaq-like tech gauge has shot up almost 13 per cent so far this month, while a measure of Hong Kong-listed Chinese tech... https://www.scmp.com/business/banking-finance/article/3340312/chinas-tech-self-sufficiency-powers-stock-boom-and-helps-it-shake-economic-malaise?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3340312/chinas-tech-self-sufficiency-powers-stock-boom-and-helps-it-shake-economic-malaise?utm_source=rss_feed Sun, 18 Jan 2026 08:30:19 +0000 Daniel Ren Daniel Ren A requirement to set minimum prices for their cars in the European Union will reduce sales there for Chinese electric vehicle (EV) makers, but higher profit margins will eventually improve their bottom lines and brand reputations, according to analysts and industry officials. Assemblers of Chinese pure-electric cars from BYD to Leapmotor will avoid a brutal discount war after European authorities accepted price undertakings to replace punitive anti-subsidy tariffs of up to 35.3 per cent. Minimum... https://www.scmp.com/business/china-business/article/3339914/china-eu-tariff-agreement-evs-seen-cutting-shipments-boosting-profitability?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3339914/china-eu-tariff-agreement-evs-seen-cutting-shipments-boosting-profitability?utm_source=rss_feed Thu, 15 Jan 2026 00:30:09 +0000 Bloomberg Bloomberg Chinese chip designer Montage Technology is set to enlist Alibaba Group Holding and JPMorgan Asset Management among the key investors in its upcoming Hong Kong listing, according to people familiar with the matter, in a sign of promising demand for the city’s latest share sale related to artificial intelligence. Alibaba and the JPMorgan Chase asset manager were participating as cornerstone investors, which get guaranteed allocation in exchange for holding the shares for a period of time, the... https://www.scmp.com/business/banking-finance/article/3339916/alibaba-jpmorgan-said-invest-chinese-chip-designer-montages-hong-kong-listing?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3339916/alibaba-jpmorgan-said-invest-chinese-chip-designer-montages-hong-kong-listing?utm_source=rss_feed Wed, 14 Jan 2026 13:30:14 +0000 Daniel Ren Daniel Ren Aridge, the affiliate of Chinese electric vehicle maker Xpeng formerly known as AeroHT, is likely to spearhead a listing bonanza of flying car businesses in Hong Kong as its share offering plan edges closer to the runway. The Guangzhou-based company, controlled by Xpeng co-founder and CEO He Xiaopeng, confidentially filed an initial public offering (IPO) plan with the Hong Kong stock exchange and hired JPMorgan Chase and Morgan Stanley to underwrite the share sale, according to two people with... https://www.scmp.com/business/china-business/article/3339601/xpengs-flying-car-unit-readies-hong-kong-ipo-take?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3339601/xpengs-flying-car-unit-readies-hong-kong-ipo-take?utm_source=rss_feed Mon, 12 Jan 2026 09:31:47 +0000 Enoch Yiu,Aileen Chuang Enoch Yiu,Aileen Chuang Following the January 8 shareholder vote that overwhelmingly approved the largest privatisation deal in Hong Kong’s history, many questions remain about the future of Hang Seng Bank, its stakeholders and the broader financial landscape. For Hang Seng Bank’s shareholders, the immediate question is what to do with the HK$106.16 billion (US$13.6 billion) windfall from HSBC Holdings for acquiring the remaining 37 per cent it does not own. “I invested in Hang Seng Bank for the long term because of... https://www.scmp.com/business/banking-finance/article/3339319/what-does-hsbcs-buyout-hang-seng-bank-mean-its-future-and-investors?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3339319/what-does-hsbcs-buyout-hang-seng-bank-mean-its-future-and-investors?utm_source=rss_feed Sat, 10 Jan 2026 02:00:10 +0000 Zhang Shidong Zhang Shidong The US assault on Venezuela jolted the global commodity markets, sending gold higher and reinforcing the long-term bearish view on crude oil as investors navigate rising geopolitical tensions to start 2026. The weekend military raid on the South American country – home to the world’s largest oil reserves – added more weight to a call by Wall Street firms including JPMorgan Chase and Bank of America that gold prices would touch US$5,000 an ounce by the end of the year. Franklin Templeton and... https://www.scmp.com/business/china-business/article/3338771/gold-oil-jolted-us-assault-venezuela-investors-recalibrate-amid-commodity-boom?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3338771/gold-oil-jolted-us-assault-venezuela-investors-recalibrate-amid-commodity-boom?utm_source=rss_feed Mon, 05 Jan 2026 09:30:10 +0000 Nicholas Spiro Nicholas Spiro Judging by investor sentiment in the final quarter of last year, the spectacular rally in mainland Chinese and Hong Kong equities is over. The CSI 300 index of Shanghai- and Shenzhen-listed stocks declined 0.2 per cent while the MSCI China Index fell by over 7 per cent. The Hang Seng Index, meanwhile, lost 4.5 per cent. While most Wall Street banks remain bullish on Chinese stocks, some have turned more cautious. Morgan Stanley believes 2026 will be “a year of stabilization after 2025’s high... https://www.scmp.com/opinion/china-opinion/article/3338368/why-investors-should-remain-bullish-hong-kong-mainland-stocks-2026?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3338368/why-investors-should-remain-bullish-hong-kong-mainland-stocks-2026?utm_source=rss_feed Thu, 01 Jan 2026 08:37:37 +0000