https://www.scmp.com/rss/32723/feed Goldman Sachs is a New York-based investment banking firm that engages in global investment banking, securities, investment management, and other financial services, primarily with institutional clients. Founded in 1869, the firm is recognised as one of the most prestigious institutions in the world, although its reputation has suffered after the financial sector drew fire since the global financial crisis. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Karen Tian Karen Tian Chinese Premier Li Qiang on Monday urged deeper integration between AI companies and advanced manufacturing, as China steps up efforts to develop new growth drivers amid slowing domestic demand and mounting external pressures. During a tour of both Xiaomi’s electric vehicle factory and the Humanoid Robot Innovation Centre, home to more than a dozen embodied AI start-ups, industry partners and research institutions in Beijing yesterday, Li said faster development and wider application of... https://www.scmp.com/economy/china-economy/article/3354061/china-says-integration-ai-advanced-manufacturing-can-help-offset-economic-headwinds?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3354061/china-says-integration-ai-advanced-manufacturing-can-help-offset-economic-headwinds?utm_source=rss_feed Tue, 19 May 2026 08:00:07 +0000 Vincent Chow Vincent Chow US tech giants are set to shake off the competition from cheap, open-source Chinese artificial intelligence models as investments in infrastructure drive down token costs and fuel a wave of demand for agentic AI, according to Eric Sheridan, co-head of tech, media and telecoms research at Goldman Sachs. Instead of an AI bubble, US tech leaders are standing at a pivotal “inflection point” where the arrival of economically productive agentic AI tools has provided early vindication of the industry’s... https://www.scmp.com/tech/article/3354007/us-ai-investment-deliver-returns-despite-open-source-chinese-rivals-goldman-sachs?utm_source=rss_feed https://www.scmp.com/tech/article/3354007/us-ai-investment-deliver-returns-despite-open-source-chinese-rivals-goldman-sachs?utm_source=rss_feed Tue, 19 May 2026 03:00:05 +0000 Ben Jiang,Iris Deng Ben Jiang,Iris Deng China’s technology titans from Alibaba Group Holding to Tencent Holdings are locked in a race to decide who will own the digital front door of the future, as they pour billions of dollars into generative artificial intelligence, betting that whoever builds the most seamless AI-powered gateway will influence how the country’s 1.4 billion people shop, work, and communicate. Over the past decades, the gateway to the internet has shifted form – from the early web portals to the search engine era,... https://www.scmp.com/tech/big-tech/article/3353869/chinese-tech-giants-alibaba-tencent-race-dominate-ai-powered-digital-gateways?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3353869/chinese-tech-giants-alibaba-tencent-race-dominate-ai-powered-digital-gateways?utm_source=rss_feed Mon, 18 May 2026 04:00:05 +0000 He Huifeng,Xinyi Wu He Huifeng,Xinyi Wu The Chinese economy showed signs of slowing in April, as industrial output, retail sales and fixed-asset investment all missed expectations amid a deepening global energy crisis, the latest data shows. Retail sales rose by just 0.2 per cent year on year in April, well below the 1.7 per cent growth recorded in March, according to data from the National Bureau of Statistics released on Monday. Economists polled by the Yicai Research Institute had forecast a 2 per cent increase. China’s industrial... https://www.scmp.com/economy/china-economy/article/3353914/chinas-economy-shows-signs-strain-april-iran-war-headwinds-grow?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3353914/chinas-economy-shows-signs-strain-april-iran-war-headwinds-grow?utm_source=rss_feed Mon, 18 May 2026 02:06:12 +0000 Peggy Ye Peggy Ye Mainland Chinese buyers snapped up 5,777 Hong Kong homes in the first four months of 2026 – already equal to more than 41 per cent of last year’s total transactions – as demand accelerated on the back of aggressive new home launches, rising rents and expectations of further yuan appreciation. The pace of buying picked up sharply in April, when mainland Chinese registrations rose nearly 48 per cent month on month to 1,892 deals, the highest level in two years. Transaction value climbed nearly 31... https://www.scmp.com/business/article/3353784/mainland-chinese-demand-hong-kong-homes-grows-yuan-gains-and-rising-rents?utm_source=rss_feed https://www.scmp.com/business/article/3353784/mainland-chinese-demand-hong-kong-homes-grows-yuan-gains-and-rising-rents?utm_source=rss_feed Mon, 18 May 2026 00:30:07 +0000 Ralph Jennings,Carol Yang Ralph Jennings,Carol Yang Conflict in the Middle East threatens 20 per cent of world copper production due to disrupted raw material flows and higher costs across a supply chain ranging from Africa through China to South America, a Chinese state-owned metals company’s research institute has warned. As leading hubs for hydrometallurgical copper production, the Democratic Republic of Congo and Chile were highly exposed to the supply shock, the China Minmetals Economic Research Institute said in a report issued on... https://www.scmp.com/economy/article/3353562/hormuz-crisis-tarnishing-copper-production-raising-costs-chinese-analysts-say?utm_source=rss_feed https://www.scmp.com/economy/article/3353562/hormuz-crisis-tarnishing-copper-production-raising-costs-chinese-analysts-say?utm_source=rss_feed Thu, 14 May 2026 12:00:19 +0000 Iris Deng Iris Deng Alibaba Group Holding and Tencent Holdings are doubling down on a massive artificial intelligence spending spree, betting that a new wave of Chinese-made chips will break the supply bottlenecks stifling their ambitions. While both Chinese tech giants saw revenues trail expectations this past quarter, they pledged an aggressive acceleration in capital expenditure, as home-grown silicon from Huawei Technologies and Alibaba’s in-house labs begins to reach scale. Alibaba was likely to “overshoot”... https://www.scmp.com/tech/big-tech/article/3353573/alibaba-tencent-signal-ai-spending-surge-despite-earnings-pressure-china-chips-ramp?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3353573/alibaba-tencent-signal-ai-spending-surge-despite-earnings-pressure-china-chips-ramp?utm_source=rss_feed Thu, 14 May 2026 10:02:45 +0000 Iman Muttaqin Yusof Iman Muttaqin Yusof Fugitive financier Jho Low’s request for a pardon from US President Donald Trump has reopened a central question left by Malaysia’s 1MDB scandal: whether the man alleged to have helped orchestrate one of the world’s biggest financial frauds will ever face trial. Analysts say the request appears unlikely to succeed because Low has never appeared in a US court, stood trial or accepted responsibility – and a pardon cannot erase charges he faces in Malaysia and Singapore. But the attempt has still... https://www.scmp.com/week-asia/people/article/3353531/how-low-can-jho-go-chances-trump-pardon-malaysian-1mdb-scandal-below-5?utm_source=rss_feed https://www.scmp.com/week-asia/people/article/3353531/how-low-can-jho-go-chances-trump-pardon-malaysian-1mdb-scandal-below-5?utm_source=rss_feed Thu, 14 May 2026 07:05:27 +0000 Xinyi Wu Xinyi Wu The business executives accompanying US President Donald Trump on his state visit to Beijing this week are the wealthiest such delegation to visit China – holding a combined personal net worth of over US$1 trillion – an indication of continued interest in the country’s lucrative market despite strained bilateral ties. With Nvidia CEO Jensen Huang’s last-minute addition to the delegation, 17 executives from the technology, finance, aerospace and semiconductor sectors have joined Trump, who landed... https://www.scmp.com/economy/china-economy/article/3353490/trumps-trillion-dollar-business-delegation-looking-make-deals-china?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3353490/trumps-trillion-dollar-business-delegation-looking-make-deals-china?utm_source=rss_feed Thu, 14 May 2026 01:57:44 +0000 Bloomberg Bloomberg Jho Low, the fugitive Malaysian financier accused by the United States of being the mastermind of one of the largest financial frauds in history, has asked US President Donald Trump for a pardon. Low, who was charged in 2018 but has evaded arrest, submitted a pardon application to the US Justice Department this year, according to a notice on its website. He is accused of being the architect of a scheme that siphoned at least US$4.5 billion from Malaysia’s sovereign wealth fund, 1Malaysia... https://www.scmp.com/news/asia/southeast-asia/article/3353340/malaysias-jho-low-seeking-trump-pardon-1mdb-fraud?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3353340/malaysias-jho-low-seeking-trump-pardon-1mdb-fraud?utm_source=rss_feed Tue, 12 May 2026 23:38:02 +0000 Kandy Wong,Ji Siqi,Ralph Jennings Kandy Wong,Ji Siqi,Ralph Jennings Beyond high-profile names like Apple’s Tim Cook, a number of lesser-known CEOs joining US President Donald Trump on his trip to China this week represent industries caught in the crossfire of the trade war, analysts said, and are expected to push for deeper engagement rather than risk becoming a “geopolitical football”. Seventeen American CEOs have been invited in total, according to a list released by the White House on Monday – a smaller business delegation than in 2017, when 27 high-profile... https://www.scmp.com/economy/global-economy/article/3353312/trumps-cadre-ceos-hunts-wins-china-soybeans-semiconductors?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3353312/trumps-cadre-ceos-hunts-wins-china-soybeans-semiconductors?utm_source=rss_feed Tue, 12 May 2026 13:34:22 +0000 William Zheng William Zheng US business leaders accompanying President Donald Trump on his state visit to Beijing will be given the opportunity to mingle with their Chinese counterparts at an exclusive international business club, according to sources. On Monday, the White House released a list naming dozens of business chiefs accompanying Trump, including high-profile figures such as Tesla chief executive Elon Musk and Apple’s Tim Cook. Two sources familiar with the arrangement said the Capital Club Beijing had been... https://www.scmp.com/news/china/diplomacy/article/3353283/trump-visit-opens-door-casual-networking-between-us-and-chinese-business-chiefs?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3353283/trump-visit-opens-door-casual-networking-between-us-and-chinese-business-chiefs?utm_source=rss_feed Tue, 12 May 2026 10:02:46 +0000 Lucy Quaggin Lucy Quaggin US President Donald Trump is expected to be accompanied by more than a dozen business leaders, including Tesla Chief Executive Elon Musk and Tim Cook of Apple, during his trip to China this week. The White House on Monday released the list of executives set to travel to China alongside Musk and Cook, including Larry Fink of BlackRock, Kelly Ortberg of Boeing, Dina Powell McCormick of Meta and Ryan McInerney of Visa. The delegation spans key industries, including aviation, technology, banking and... https://www.scmp.com/news/china/article/3353199/trump-heads-china-musk-cook-and-top-ceos-xi-talks?utm_source=rss_feed https://www.scmp.com/news/china/article/3353199/trump-heads-china-musk-cook-and-top-ceos-xi-talks?utm_source=rss_feed Mon, 11 May 2026 21:49:13 +0000 Karen Tian Karen Tian China’s trade with the United States has declined this year, official data shows, as US President Donald Trump heads to Beijing next week for a high-stakes visit that could determine the future of economic relations between the two superpowers. China’s merchandise exports to the US fell 10.2 per cent year on year to US$133.4 billion in the first four months of 2026, according to data released on Saturday by the General Administration of Customs. Imports from the US also declined 10.9 per cent to... https://www.scmp.com/economy/global-economy/article/3352992/not-decoupling-what-us-china-trade-data-signals-ahead-xi-trump-summit?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3352992/not-decoupling-what-us-china-trade-data-signals-ahead-xi-trump-summit?utm_source=rss_feed Sat, 09 May 2026 11:00:05 +0000 Karen Tian Karen Tian Overseas-invested securities firms collectively saw income from their China businesses skyrocket in 2025, as combined net profits climbed more than fourfold from a year earlier to 2.65 billion yuan (US$390 million), according to their annual reports. However, while the industry’s bottom line surged last year – fuelled by China’s lifting of capital restrictions and a rebound in the capital market – the individual performances of firms showed a widening gap in scale. A South China Morning Post... https://www.scmp.com/economy/china-economy/article/3352912/wall-street-giants-lead-china-profit-surge-despite-market-polarisation-uneven-recovery?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3352912/wall-street-giants-lead-china-profit-surge-despite-market-polarisation-uneven-recovery?utm_source=rss_feed Fri, 08 May 2026 12:00:15 +0000 Zhang Shidong Zhang Shidong An electricity shortfall for AI data centres and computing power is fuelling demand for generators and power equipment, driving up stocks from Weichai Power in China to GE Vernova in the US. The AI investment spree in the world’s two largest economies, which are vying for a leading position in the cutting-edge technology, has rekindled buying interest in stocks of a sector viewed as old economy. Shares of Weichai Power, a heavy-duty truck maker that also builds large-bore engines, have jumped... https://www.scmp.com/business/china-business/article/3352880/ai-electricity-gap-fuels-weichai-power-ge-vernova-shares-generator-demand-surges?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352880/ai-electricity-gap-fuels-weichai-power-ge-vernova-shares-generator-demand-surges?utm_source=rss_feed Fri, 08 May 2026 08:32:50 +0000 Kandy Wong,Frank Chen Kandy Wong,Frank Chen The administration of US President Donald Trump is inviting American CEOs from Boeing, Mastercard, Citigroup and other major corporations to join his delegation to China next week, according to multiple sources. Trump is visiting China on May 14 and 15 after his scheduled visit for March 31 was postponed following the US-Israeli strikes on Iran. Boeing, Mastercard and Citigroup declined to comment, but sources said several CEOs had received invitations from the White House. A full list of... https://www.scmp.com/economy/global-economy/article/3352883/trump-invites-boeing-mastercard-ceos-join-china-trip-next-week-sources?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3352883/trump-invites-boeing-mastercard-ceos-join-china-trip-next-week-sources?utm_source=rss_feed Fri, 08 May 2026 08:31:53 +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 Ann Cao Ann Cao Samsung Electronics and SK Hynix, South Korea’s two memory chip giants, are warning of a prolonged and severe global supply crunch, weeks after the two companies disclosed increased investments in their China wafer fabs to meet surging artificial intelligence demand. During Samsung’s first-quarter earnings call on Thursday, the company said its order fulfilment rate had plunged to a “record low”. In a rare move, customers worried about shortages were already pre-booking memory capacity for 2027,... https://www.scmp.com/tech/big-tech/article/3352001/samsung-sk-hynix-flag-record-supply-squeeze-memory-market-ai-demand-soars?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3352001/samsung-sk-hynix-flag-record-supply-squeeze-memory-market-ai-demand-soars?utm_source=rss_feed Thu, 30 Apr 2026 08:30:28 +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 Ralph Jennings Ralph Jennings China’s population is projected to fall by about 60 million over the next decade, threatening economic activity in wealthier coastal provinces and putting growing pressure on the public pension system, according to recent analyst reports. Research firm Rhodium Group estimated that the world’s second-most populous country, after India, could lose the equivalent of nearly France’s entire population over the coming 10 years. In a nation of 1.41 billion people, a decline of this scale would weigh on... https://www.scmp.com/economy/china-economy/article/3351597/china-faces-france-sized-demographic-loss-threatens-coastal-growth-analysts?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3351597/china-faces-france-sized-demographic-loss-threatens-coastal-growth-analysts?utm_source=rss_feed Tue, 28 Apr 2026 00:00:15 +0000 SCMP’s Asia desk SCMP’s Asia desk Burger King in Japan is tempting franchisees of rival fast-food brands like McDonald’s and Mos Burger by offering them 40 million yen (US$250,000) cashback to jump ship. The offer, under its franchise switching plan, is on the table until 3pm on September 30, according to a statement by the chain issued on Wednesday. Applicants must have been in business for at least three years, submit financial statements for the past three financial years and identify a general manager for the converted... https://www.scmp.com/week-asia/lifestyle-culture/article/3351275/burger-king-japan-dangles-us250000-rival-franchisees-join-chain?utm_source=rss_feed https://www.scmp.com/week-asia/lifestyle-culture/article/3351275/burger-king-japan-dangles-us250000-rival-franchisees-join-chain?utm_source=rss_feed Fri, 24 Apr 2026 06:36:50 +0000 Ralph Jennings Ralph Jennings The International Monetary Fund (IMF) has lowered its global economic growth forecast, including for China, citing shocks from the US-Israeli war in Iran. In its flagship World Economic Outlook published on Tuesday, the IMF projected worldwide gross domestic product growth at 3.1 per cent this year, down 0.2 percentage points from its January estimate. China – the world’s second-largest economy – is now expected to expand by 4.4 per cent this year. That would miss the IMF’s January estimate by... https://www.scmp.com/economy/global-economy/article/3350042/imf-cuts-chinas-gdp-growth-forecast-44-iran-war-pressures-global-economy?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3350042/imf-cuts-chinas-gdp-growth-forecast-44-iran-war-pressures-global-economy?utm_source=rss_feed Tue, 14 Apr 2026 13:00:10 +0000 Zhang Shidong Zhang Shidong Investors betting on a China reflation trade may be in for a reality check, as rising government bond prices and lacklustre equities point to lingering doubts about whether inflation in the world’s second-largest economy can be sustained. Yields on China’s one-year sovereign bonds have fallen by 5.5 basis points over the past three weeks, while 10-year yields are down 1.6 basis points. Over the same period, the benchmark CSI 300 Index has slipped about 1 per cent. Bond yields move inversely to... https://www.scmp.com/business/china-business/article/3349701/chinas-reflation-narrative-under-scrutiny-bond-market-signals-caution?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349701/chinas-reflation-narrative-under-scrutiny-bond-market-signals-caution?utm_source=rss_feed Mon, 13 Apr 2026 00:00:12 +0000 Themis Qi Themis Qi Three solid-state battery developers across China and the US are moving towards initial public offerings (IPOs), as geopolitical tensions and elevated oil prices fuel demand for more energy-efficient technologies. Qingtao (Kunshan) Energy Development Group became the latest to join the queue, filing for a Hong Kong listing on April 8. Earlier, Beijing WeLion New Energy began the pre-listing tutoring process ahead of a planned application to the Shenzhen Stock Exchange, while US-based Factorial... https://www.scmp.com/business/china-business/article/3349560/solid-state-battery-firms-china-and-us-line-ipos-oil-prices-lift-ev-appeal?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349560/solid-state-battery-firms-china-and-us-line-ipos-oil-prices-lift-ev-appeal?utm_source=rss_feed Fri, 10 Apr 2026 01:30:17 +0000 Ralph Jennings Ralph Jennings Andrew Tilton, chief Asia-Pacific economist at Goldman Sachs, speaks to the South China Morning Post about the long-term future of China’s economy after the “two sessions” in Beijing and ahead of an expected Xi-Trump summit – all during an oil crisis sparked by the US-Israel war against Iran. For other interviews in the Open Questions series, click here. What impact will the oil shock arising from the Iran war have on the growth of Asian economies this year? Asia is greatly affected by the war... https://www.scmp.com/economy/china-economy/article/3348903/andrew-tilton-chinas-growth-prospects-economic-trajectory-wake-iran-war?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3348903/andrew-tilton-chinas-growth-prospects-economic-trajectory-wake-iran-war?utm_source=rss_feed Sun, 05 Apr 2026 22:00:29 +0000 Themis Qi Themis Qi The energy shock stemming from the Middle Eastern conflict may help Chinese electric-vehicle (EV) makers exceed their overseas expansion goals this year, according to analysts. “High oil prices – and even gasoline shortages in some countries – will accelerate the pace of China’s EV exports,” said Yale Zhang, managing director at the consultancy Automotive Foresight in Shanghai. “This oil crisis presents a historic opportunity for China’s EV industry, just as the oil crisis of the 1970s paved the... https://www.scmp.com/business/china-evs/article/3348561/middle-east-oil-shock-jolts-ev-demand-putting-chinese-exports-fast-lane?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3348561/middle-east-oil-shock-jolts-ev-demand-putting-chinese-exports-fast-lane?utm_source=rss_feed Tue, 31 Mar 2026 23:30:08 +0000 Agence France-Presse Agence France-Presse British Prime Minister Keir Starmer will on Monday convene senior government and military officials alongside energy, shipping, finance and insurance sector leaders to discuss the Middle East war, his office said late on Sunday. The round table meeting in Downing Street will examine the impact of Iran’s effective closure of the vital Strait of Hormuz, which has driven up oil prices and costs in various sectors around the world. Participants will include representatives from energy giants Shell,... https://www.scmp.com/news/world/europe/article/3348327/uks-pm-starmer-host-industry-leaders-middle-east-war-talks-monday?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3348327/uks-pm-starmer-host-industry-leaders-middle-east-war-talks-monday?utm_source=rss_feed Sun, 29 Mar 2026 21:52:57 +0000 Yeon Woo Lee Yeon Woo Lee Samsung Electronics and SK Hynix are stepping up investments in their China wafer fabs as they race to boost supply amid a tightening memory chip market driven by demand for artificial intelligence computing, underscoring China’s continued role in semiconductor production despite US restrictions. Samsung Electronics invested 465.4 billion won (US$308.8 million) in its Xian chip plant in 2025, a 67.5 per cent increase from a year earlier, according to an annual report filed with South Korea’s... https://www.scmp.com/tech/tech-trends/article/3348159/south-korean-chip-giants-step-china-investments-combat-global-ai-memory-shortage?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3348159/south-korean-chip-giants-step-china-investments-combat-global-ai-memory-shortage?utm_source=rss_feed Sun, 29 Mar 2026 00:00:08 +0000 Zhu Wenqian Zhu Wenqian A steady stream of cars pulled into an ordinary petrol station in Beijing’s Chaoyang District early on Monday afternoon, keeping the pumps far busier than on a normal weekday as drivers rushed to refuel ahead of the year’s biggest price hike at midnight. “I’m taking my lunch break to top up the tank quickly ahead of the price increase, as I fear long queues after work in the evening,” said Frank Jin, an office employee in Beijing. China will raise refined oil prices at midnight, marking the... https://www.scmp.com/business/china-business/article/3347610/drivers-china-rush-fill-petrol-tanks-ahead-biggest-price-hike-year?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347610/drivers-china-rush-fill-petrol-tanks-ahead-biggest-price-hike-year?utm_source=rss_feed Mon, 23 Mar 2026 11:22:06 +0000 Themis Qi Themis Qi Zijin Mining, China’s largest gold producer, has expanded its buying spree by acquiring controlling shares in China-based Chifeng Jilong Gold Mining for 18.26 billion yuan (US$2.64 billion), the company said. The acquisition came only two months after Zijin Mining proposed to buy Canadian Allied Gold for 28 billion yuan as part of its global expansion. Through its subsidiary Zijin Gold, the acquisition was structured in two primary tranches, Zijin Mining said in a Hong Kong stock exchange filing... https://www.scmp.com/business/commodities/article/3347547/chinas-zijin-mining-clinches-us26-billion-chifeng-gold-takeover-expansion-drive?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3347547/chinas-zijin-mining-clinches-us26-billion-chifeng-gold-takeover-expansion-drive?utm_source=rss_feed Mon, 23 Mar 2026 06:17:31 +0000 Zhang Shidong Zhang Shidong Chinese stocks have emerged as outperformers in the latest oil shock, reversing their reputation as laggards, as crude takes a back seat to renewable fuels in the world’s second-largest economy. The CSI 300 Index of stocks trading on the mainland’s exchanges has dropped 3.1 per cent since the US and Israel began attacks on Iran on February 28, outperforming the S&P 500, the Euro Stoxx 50 and Japan’s Nikkei 225, which have all slid at least 4 per cent during the period. This marked a turnaround... https://www.scmp.com/business/china-business/article/3347296/chinese-stocks-shake-laggard-image-amid-oil-shock-green-transition-pays?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347296/chinese-stocks-shake-laggard-image-amid-oil-shock-green-transition-pays?utm_source=rss_feed Fri, 20 Mar 2026 08:15:30 +0000 Enoch Yiu Enoch Yiu HSBC Holdings plans to raise US$2.5 billion by issuing two tranches of additional tier-1 (AT1) bonds, marking the reopening of such offerings after the US and Israel war on Iran rattled global financial markets. The biggest lender in Hong Kong and Europe by assets said in a stock exchange filing before the market opened on Wednesday that it intended to issue the AT1 bonds, officially named perpetual subordinated contingent convertible securities, on March 24 to strengthen its capital. The... https://www.scmp.com/business/banking-finance/article/3346960/hsbc-launches-us25-billion-at1-bond-issue-hong-kong-after-market-standstill?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3346960/hsbc-launches-us25-billion-at1-bond-issue-hong-kong-after-market-standstill?utm_source=rss_feed Wed, 18 Mar 2026 04:29:44 +0000 Zhang Shidong Zhang Shidong Chinese companies in several sectors – including energy, petrochemicals and agriculture – stand to benefit from surging oil prices and the nation’s easing deflation, which analysts said could help investors find gains amid the negative effects of the Middle East war. Petrochemical companies on mainland China’s exchanges, including Satellite Chemical and Guangdong Redwall New Materials, raised product prices to reflect the surge in oil costs, a move that sent their stock prices soaring.... https://www.scmp.com/business/china-business/article/3346490/which-chinese-stocks-can-help-investors-withstand-middle-east-war-shocks?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346490/which-chinese-stocks-can-help-investors-withstand-middle-east-war-shocks?utm_source=rss_feed Sat, 14 Mar 2026 02:00:08 +0000 Zhang Shidong Zhang Shidong Overseas expansion and a commodity boom have put Chinese companies trading on the mainland in a position to beat their offshore-listed peers in earnings, cementing the outperformance of yuan-denominated stocks since the outbreak of Middle East hostility. The 300 largest mainland-traded companies may post average 2025 profit growth of 6.3 per cent during the coming earnings season, while the growth rate for the firms in the Hong Kong exchange’s benchmark Hang Seng Index would be a mere 2 per... https://www.scmp.com/business/china-business/article/3346207/chinese-firms-success-go-global-efforts-poised-reap-profit-rewards?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346207/chinese-firms-success-go-global-efforts-poised-reap-profit-rewards?utm_source=rss_feed Wed, 11 Mar 2026 23:30:08 +0000 Mandy Zuo,He Huifeng Mandy Zuo,He Huifeng Halo, short for heavy assets, low obsolescence, has emerged as a major Wall Street theme in recent weeks. Investors are rotating from tech stocks to companies with real physical assets amid fears over artificial intelligence, geopolitical tensions and rising prices of resources and infrastructure. Here’s what you need to know about how the strategy gained popularity and why it matters to China. What is Halo? The term was coined last month by Josh Brown, CEO of Ritholtz Wealth Management, to... https://www.scmp.com/business/china-business/article/3346161/halo-trade-reshapes-wall-street-portfolios-china-set-lead-heavy-asset-era?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346161/halo-trade-reshapes-wall-street-portfolios-china-set-lead-heavy-asset-era?utm_source=rss_feed Wed, 11 Mar 2026 03:00:11 +0000 Zhang Shidong Zhang Shidong Mainland Chinese investors, once perceived as a stabilising force in Hong Kong stocks, are this time adding to the market’s wild swings spurred by sharp movements in crude oil prices, flip-flopping from record selling to unprecedented buying within days. The escalating hostilities in the Middle East prompted onshore Chinese investors trading Hong Kong’s stocks through cross-border Stock Connect programmes to behave more like short-term day traders. They dumped HK$27.7 billion (US$3.5 billion)... https://www.scmp.com/business/china-business/article/3346102/middle-east-turmoil-triggers-retail-style-swings-mainland-investors-hong-kong-stocks?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346102/middle-east-turmoil-triggers-retail-style-swings-mainland-investors-hong-kong-stocks?utm_source=rss_feed Wed, 11 Mar 2026 00:30:07 +0000 Zhang Shidong Zhang Shidong Crude oil’s surge above US$100 a barrel could last longer than expected, reshaping investors’ outlook for the global economy and injecting fresh volatility into risk assets as military tensions in the Middle East show no sign of easing, according to analysts. Brent crude jumped 23 per cent to US$114.14 a barrel in London on Monday, while West Texas Intermediate (WTI) rose 24 per cent to US$113.11. Traders are increasingly pricing in a prolonged supply disruption after Iran closed the Strait of... https://www.scmp.com/business/china-business/article/3345952/oil-above-us100-may-persist-goldman-warns-rally-not-over?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3345952/oil-above-us100-may-persist-goldman-warns-rally-not-over?utm_source=rss_feed Mon, 09 Mar 2026 07:30:41 +0000 Anthony Rowley Anthony Rowley If financial markets can survive the United States’ war on Iran and Russia’s war against Ukraine, does this mean that financial crashes have become a thing of the past? Or have markets just not grasped the true nature of the current threats to the financial system? The latter is almost certainly the case, as former Goldman Sachs CEO Lloyd Blankfein suggested when he said in a recent Financial Times interview that people had “got more complacent” about financial risks since the 2008 crisis. It is... https://www.scmp.com/opinion/world-opinion/article/3345580/cause-next-global-market-crash-hiding-plain-sight?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3345580/cause-next-global-market-crash-hiding-plain-sight?utm_source=rss_feed Sat, 07 Mar 2026 08:30:08 +0000 Zhang Shidong,Ji Siqi Zhang Shidong,Ji Siqi China’s high-level policymakers have reiterated the need to defuse financial risks and root out political corruption, two of President Xi Jinping’s long-term priorities, in the run-up to this year’s ‘two sessions’ – the annual meetings of the country’s top legislature and political advisory body. In this series, we take stock of how those efforts have progressed, and what remains to be done. When the Dow Jones Industrial Average closed above 50,000 points for the first time in early February, US... https://www.scmp.com/economy/china-economy/article/3345708/chinas-vision-powerhouse-stock-market-its-slow-and-steady-over-boom-and-bust?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3345708/chinas-vision-powerhouse-stock-market-its-slow-and-steady-over-boom-and-bust?utm_source=rss_feed Fri, 06 Mar 2026 22:00:13 +0000 Themis Qi Themis Qi Ahead of China’s annual legislative meetings – typically a window into Beijing’s top-level policy agenda – this is the fifth entry in a series examining the complex economic recalibration driving China’s growth philosophy and its wide-ranging implications for local governments, financial investors and private enterprises. Chinese government and industry officials are likely to discuss plans to control domestic electric-vehicle (EV) makers’ output, while encouraging them to prioritise... https://www.scmp.com/business/china-evs/article/3344899/top-chinese-officials-industry-leaders-may-discuss-capping-ev-output-two-sessions?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3344899/top-chinese-officials-industry-leaders-may-discuss-capping-ev-output-two-sessions?utm_source=rss_feed Mon, 02 Mar 2026 08:00:08 +0000 Sylvia Ma Sylvia Ma With China’s currency having steadily strengthened in recent months, the central bank has rolled out a pair of measures to lower foreign exchange hedging costs and support cross-border yuan financing. In a notice on Thursday, the People’s Bank of China refined the framework for domestic banks to conduct cross-border yuan interbank financing, explicitly endorsing their role in providing stable yuan liquidity to offshore markets through regulated channels. The move comes as Beijing has been... https://www.scmp.com/economy/china-economy/article/3344894/yuan-sizzles-chinas-central-bank-deploys-double-barrelled-policy-tweak?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3344894/yuan-sizzles-chinas-central-bank-deploys-double-barrelled-policy-tweak?utm_source=rss_feed Fri, 27 Feb 2026 10:36:47 +0000 Ralph Jennings Ralph Jennings China logged an overall increase in travel during the just-concluded Chinese New Year break compared with last year’s holiday period, but analysts said spending per capita stayed flat. The country saw 596 million domestic trips over the extended public holiday that ended on Monday, a year-on-year increase of 95 million, Xinhua reported. About 17.8 million cross-border trips were logged over the same period, it added. Chinese New Year is a crucial period for the travel sector as hundreds of... https://www.scmp.com/economy/china-economy/article/3344699/china-sees-rise-chinese-new-year-travel-capita-spending-remains-flat?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3344699/china-sees-rise-chinese-new-year-travel-capita-spending-remains-flat?utm_source=rss_feed Thu, 26 Feb 2026 06:08:27 +0000 Yeon Woo Lee Yeon Woo Lee South Korean retail investors, known for their aggressive trading style, are ramping up exposure to Chinese artificial intelligence-related stocks, even as their home market ranks among the world’s top performers. Data from SEIBro, a portal operated by the Korea Securities Depository, showed that South Korean retail investors bought US$507 million worth of Hong Kong-listed shares and US$154 million of mainland-listed shares between January 2 and Monday. The data showed that total purchases had... https://www.scmp.com/business/markets/article/3344586/south-korean-investors-pour-millions-minimax-other-chinese-ai-and-chip-stocks?utm_source=rss_feed https://www.scmp.com/business/markets/article/3344586/south-korean-investors-pour-millions-minimax-other-chinese-ai-and-chip-stocks?utm_source=rss_feed Wed, 25 Feb 2026 22:00:09 +0000 Kandy Wong Kandy Wong China will accelerate investment in alternative nickel supply sources and strengthen its role across the metal’s wider supply chain, analysts said, after the United States finalised a deal with Indonesia on Thursday that will give America unrestricted access to the country’s industrial commodities. While the US Supreme Court’s tariff ruling last week could add some uncertainty to US-Indonesia trade, the agreement has the potential to reshape the global supply chain for nickel – a metal used to... https://www.scmp.com/economy/china-economy/article/3344337/us-indonesia-deal-threatens-chinas-entrenched-position-nickel-market-analysts?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3344337/us-indonesia-deal-threatens-chinas-entrenched-position-nickel-market-analysts?utm_source=rss_feed Tue, 24 Feb 2026 04:00:09 +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 Frank Chen,Ji Siqi Frank Chen,Ji Siqi China’s sprawling export sector is eyeing a brief window of opportunity to front-load shipments to the United States following a Supreme Court ruling that appears to have eased tariff rates – even as industry insiders remain wary of potential shocks ahead. All eyes are now on the coming Beijing summit, where US President Donald Trump is set to meet President Xi Jinping in a visit that could prove decisive for the future of bilateral trade, analysts and exporters said. Chinese goods had been... https://www.scmp.com/economy/global-economy/article/3344363/what-next-chinas-export-machine-after-top-us-court-blocks-trumps-tariffs?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3344363/what-next-chinas-export-machine-after-top-us-court-blocks-trumps-tariffs?utm_source=rss_feed Mon, 23 Feb 2026 12:00:34 +0000 Cao Li Cao Li Producers across the world are likely to ramp up output of commodities such as copper and lithium, limiting the kind of runaway price gains seen in gold even as markets anticipate a prolonged rally in raw materials, Goldman Sachs said. Gold has surged to record highs, while a range of other commodities have also climbed, as governments and investors seek the perceived “insurance” value of hard assets amid geopolitical tensions and policy uncertainty, the US bank said in a report addressing what... https://www.scmp.com/business/article/3343829/copper-lithium-unlikely-match-golds-gains-output-rises-goldman?utm_source=rss_feed https://www.scmp.com/business/article/3343829/copper-lithium-unlikely-match-golds-gains-output-rises-goldman?utm_source=rss_feed Thu, 19 Feb 2026 03:30:08 +0000 Wency Chen Wency Chen China’s supply chain is stepping up investments in liquid cooling technology as the global AI build-out pushes data centre power densities to levels that air cooling can no longer efficiently handle. Dozens of Chinese listed companies have in recent months announced plans to expand into, or ramp up, liquid-cooling systems as demand surges for technology that uses circulating fluids to keep racks of AI chips from overheating. Among them are HVAC specialist Sanhua Intelligent Controls, electronics... https://www.scmp.com/tech/article/3343582/china-moves-deeper-liquid-cooling-ai-data-centres-push-their-thermal-limits?utm_source=rss_feed https://www.scmp.com/tech/article/3343582/china-moves-deeper-liquid-cooling-ai-data-centres-push-their-thermal-limits?utm_source=rss_feed Sun, 15 Feb 2026 08:00:13 +0000 Zhu Wenqian Zhu Wenqian Local government support has lifted sentiment in China’s struggling property sector ahead of the spring sales season, but analysts remain divided on the outlook as structural pressures persist. New and existing home prices across 70 major mainland cities fell at a slower pace month on month in January, while annual declines widened, according to data released by the National Bureau of Statistics (NBS) on Friday. New home prices in the four tier-one cities dropped 2.1 per cent year on year, 0.4... https://www.scmp.com/business/article/3343581/policy-backing-steadies-china-property-outlook-full-rebound-still-elusive?utm_source=rss_feed https://www.scmp.com/business/article/3343581/policy-backing-steadies-china-property-outlook-full-rebound-still-elusive?utm_source=rss_feed Sun, 15 Feb 2026 01:30:13 +0000