https://www.scmp.com/rss/327420/feed With a population of more than 24 million, Shanghai, is a major centre for finance, business and economics, science and technology, and fashion, among other disciplines. It is home to the Port of Shanghai, the world’s busiest container port, and Shanghai Pudong International Airport, one of the world’s 10 busiest airports by passenger traffic. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Jane Cai Jane Cai “I can’t wait to watch the game – it’s Lion’s Head Meatballs versus Hairy Crab!” Liu Jieling, a 42-year-old company executive from Suzhou, joked about a derby clash pitting a side inspired by her city’s signature crustacean cuisine against one by Yangzhou’s steamed meatballs. The 2026 season of the Jiangsu City Football League – popularly known as the Su Super League – kicks off on Saturday, and the amateur tournament in Jiangsu, a province in eastern China, is already generating huge buzz... https://www.scmp.com/news/china/diplomacy/article/3349732/winners-chinas-growing-intercity-football-rivalries-may-surprise-you?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3349732/winners-chinas-growing-intercity-football-rivalries-may-surprise-you?utm_source=rss_feed Sat, 11 Apr 2026 08:00:17 +0000 Enoch Yiu Enoch Yiu Fang Liu, a partner at global law firm Clifford Chance, counts among his clients many technology companies that are keen to list in Hong Kong, but find the current requirements cumbersome. Clifford Chance has helped more than a dozen innovative companies raise funds under the new listing regime since 2018, when Hong Kong Exchanges and Clearing (HKEX) introduced reforms for pre-revenue biotech firms and companies with weighted voting rights (WVR), where one class of shareholders carries more... https://www.scmp.com/business/markets/article/3349647/hong-kongs-listing-reform-20-can-it-outshine-global-rivals-innovative-firms?utm_source=rss_feed https://www.scmp.com/business/markets/article/3349647/hong-kongs-listing-reform-20-can-it-outshine-global-rivals-innovative-firms?utm_source=rss_feed Sat, 11 Apr 2026 03:00:12 +0000 Zhang Shidong Zhang Shidong China will allow pre-profit technology companies to list on the ChiNext board in Shenzhen and introduce market makers to improve liquidity, as regulators step up efforts to bolster the mainland’s second-largest stock exchange and advance the country’s push for technological self-reliance. Under the new rules, emerging-industry companies with an estimated market value of at least 3 billion yuan (US$439 million) and revenue no less than 200 million yuan in the most recent financial year would be... https://www.scmp.com/business/markets/article/3349675/china-opens-chinext-exchange-pre-profit-tech-firms-push-boost-innovation?utm_source=rss_feed https://www.scmp.com/business/markets/article/3349675/china-opens-chinext-exchange-pre-profit-tech-firms-push-boost-innovation?utm_source=rss_feed Fri, 10 Apr 2026 11:13:53 +0000 Zhu Wenqian Zhu Wenqian American fried chicken chain Popeyes made a comeback in Beijing on Friday, as its first new store in the city drew long queues of diners more than 20 years after the brand closed its original Beijing outlets in 2002 and exited the Chinese market in 2003. Building on its initial return to China in 2020, the chain was now ready to accelerate its expansion this year, as consumer tastes had evolved significantly and it was bullish about growth potential fuelled by young consumers, it said. Analysts... https://www.scmp.com/business/article/3349659/popeyes-returns-beijing-after-24-years-global-chains-double-down-china?utm_source=rss_feed https://www.scmp.com/business/article/3349659/popeyes-returns-beijing-after-24-years-global-chains-double-down-china?utm_source=rss_feed Fri, 10 Apr 2026 11:00:12 +0000 Raymond Ma,Neil Denslow Raymond Ma,Neil Denslow Communisrt Party chief Xi Jinping said he was “fully confident” of closer ties with Taiwan as he met a leader of the island’s opposition Kuomintang (KMT) party for the first time in almost a decade. “The historical trend that compatriots of both sides of the strait will get closer and get together will not change,” Xi said at the start of his discussion with Cheng Li-wun. “This is a certainty of history, and we are fully confident.” Cheng called for a “systemic solution” to avoid war in the... https://www.scmp.com/plus/news/china/politics/article/3349645/xi-holds-landmark-taiwan-meeting-iran-war-ceasefire-gdp-update?utm_source=rss_feed https://www.scmp.com/plus/news/china/politics/article/3349645/xi-holds-landmark-taiwan-meeting-iran-war-ceasefire-gdp-update?utm_source=rss_feed Fri, 10 Apr 2026 09:00:26 +0000 Yulu Ao Yulu Ao China’s stocks climbed on Friday, with key benchmarks in mainland China and Hong Kong briefly returning to levels last seen about two weeks ago, as signs of a possible ceasefire between the US and Iran helped boost sentiment. Hong Kong’s Hang Seng Index climbed 0.6 per cent to 25,893.54 at the close, after gaining as much as 1.3 per cent to briefly top the 26,000 mark – a level not seen since March 18. The Hang Seng Tech Index advanced 0.8 per cent. On the mainland, the Shanghai Composite Index... https://www.scmp.com/business/china-business/article/3349590/china-stocks-surge-shanghai-and-hong-kong-benchmarks-reclaim-key-levels?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349590/china-stocks-surge-shanghai-and-hong-kong-benchmarks-reclaim-key-levels?utm_source=rss_feed Fri, 10 Apr 2026 02:32:16 +0000 Shi Jiangtao Shi Jiangtao A temporary but fragile ceasefire is in place after US President Donald Trump pulled back from the brink of a wider Iran war. For Beijing, as it prepares for Trump’s high-stakes visit planned for next month, the key question is what the Iran crisis reveals about Trump’s governing style, and whether it has left him emboldened or simply more unpredictable and volatile. The episode is the latest example of what Chinese observers call Trump’s “split” style: abrupt swings between conciliatory talk of... https://www.scmp.com/news/china/diplomacy/article/3349519/how-can-beijing-prepare-trumps-drunken-boxing-style-his-china-visit?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3349519/how-can-beijing-prepare-trumps-drunken-boxing-style-his-china-visit?utm_source=rss_feed Thu, 09 Apr 2026 14:00:08 +0000 Alcott Wei Alcott Wei Taiwan can learn from the way mainland China uses artificial intelligence, Taiwanese opposition leader Cheng Li-wun said during her visit to Shanghai. The Kuomintang (KMT) chairwoman visited the headquarters of Meituan on Wednesday, where she was welcomed by founder and CEO Wang Xing. The company, which goes by Keeta outside the mainland, operates China’s biggest online takeaway platform, as well as offering grocery delivery, bike rental and other services. The company uses AI extensively to... https://www.scmp.com/news/china/politics/article/3349540/taiwan-should-learn-mainland-ai-kmt-head-cheng-li-wun-says?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3349540/taiwan-should-learn-mainland-ai-kmt-head-cheng-li-wun-says?utm_source=rss_feed Thu, 09 Apr 2026 11:00:37 +0000 Oscar Liu Oscar Liu Japanese band One OK Rock has abruptly cancelled the Hong Kong leg of its Asian tour in early May due to “unforeseen circumstances”, leaving local fans disappointed. The announcement on Thursday followed a similar move in early March, when the band cancelled its May 9 concert in Shanghai. Led by frontman Taka, the band, which has 3 million Instagram followers, was originally slated to perform at the Central Harbourfront Event Space on May 2 and 3 as part of its “Detox” Asia Tour 2026. “This... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3349517/japanese-band-one-ok-rock-cancels-hong-kong-concerts-may-no-specific-reason-given?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3349517/japanese-band-one-ok-rock-cancels-hong-kong-concerts-may-no-specific-reason-given?utm_source=rss_feed Thu, 09 Apr 2026 09:01:09 +0000 Coco Feng Coco Feng Unitree Robotics, one of China’s largest robot makers, will debut the R1, its cheapest humanoid model, on the international market via Alibaba Group Holding’s AliExpress marketplace next week, according to two sources familiar with the matter on Thursday. The launch would cover major overseas markets including North America, Europe, Japan and Singapore, one of the sources said. The product would later be available on other channels, the second person said. The R1, launched in mainland China last... https://www.scmp.com/tech/article/3349489/chinas-unitree-debut-cheapest-humanoid-robot-globally-alibaba-site-sources?utm_source=rss_feed https://www.scmp.com/tech/article/3349489/chinas-unitree-debut-cheapest-humanoid-robot-globally-alibaba-site-sources?utm_source=rss_feed Thu, 09 Apr 2026 07:30:11 +0000 Daniel Ren Daniel Ren Zhejiang China Commodities City Group, operator of the marketplace that was once the epicentre of global consumer goods trading, is planning an initial public offering (IPO) in Hong Kong to support overseas expansion, as the wave of mainland Chinese firms looking to raise funds in the city continues. The state-owned company, which runs the Yiwu international trade market in east China’s Zhejiang province, said in a filing to the Shanghai Stock Exchange on Wednesday that a share sale in Hong Kong... https://www.scmp.com/business/china-business/article/3349483/operator-yiwu-market-former-mecca-global-consumer-goods-trade-eyes-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349483/operator-yiwu-market-former-mecca-global-consumer-goods-trade-eyes-hong-kong-ipo?utm_source=rss_feed Thu, 09 Apr 2026 06:03:52 +0000 Gloria Tso Gloria Tso Behind the scenes at menswear brand Feng Chen Wang’s 10th anniversary show at Shanghai Fashion Week, amid the sound of camera flashes going off every second and the overpowering smell of hairspray, the first thing that strikes me is the vibrant range of hair colours on display. One model’s hair is white as snow; another is of a fiery red hue. A third one has strands in an electric shade of blue. Everyone looks eccentric, but no one feels out of place. All the models appear radically different in... https://www.scmp.com/magazines/style/fashion/trends/article/3349482/feng-chen-wang-10-years-fashion-and-chinamaxxing-it-was-cool-interview?utm_source=rss_feed https://www.scmp.com/magazines/style/fashion/trends/article/3349482/feng-chen-wang-10-years-fashion-and-chinamaxxing-it-was-cool-interview?utm_source=rss_feed Thu, 09 Apr 2026 05:54:38 +0000 Shi Huang Shi Huang China looks set to claim another coup in its mission to build AI talent, with one of the world’s top scholars in artificial intelligence for robots listed among PhD supervisors at a Shanghai university. Su Hao, who holds two doctorates – one in mathematics and one in computer science – has appeared on Fudan University’s faculty list as a professor in electronic information specialising in AI. The list, published on March 31, names 322 PhD supervisors appointed this year. Previously, Su was a... https://www.scmp.com/news/china/science/article/3349408/one-americas-top-ai-robot-scholars-about-join-chinas-tech-talent-pool?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3349408/one-americas-top-ai-robot-scholars-about-join-chinas-tech-talent-pool?utm_source=rss_feed Thu, 09 Apr 2026 04:00:08 +0000 Julie Zhang Julie Zhang China’s biopharmaceutical sector is seeing an uptick in deal-making, with sovereign wealth funds from Singapore and the United Arab Emirates joining Chinese state-backed investors to back next-generation drug developers. Shanghai-based Everest Medicines agreed to spend US$250 million to acquire a Singapore company holding rights to 14 chronic-disease treatments across the Asia-Pacific region, according to a stock exchange filing on Wednesday. Its Singapore unit will acquire 100 per cent of... https://www.scmp.com/business/banking-finance/article/3349390/china-biotech-flow-picks-everest-seals-us250-million-deal?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3349390/china-biotech-flow-picks-everest-seals-us250-million-deal?utm_source=rss_feed Thu, 09 Apr 2026 00:30:08 +0000 Christopher DeWolf Christopher DeWolf Greenery used to be a nice thing to have in an architectural project. Now it’s the star of the show. In many Asian cities, new developments are treating nature as more than just decoration, orienting themselves around green spaces that are at once useful to humans and beneficial to the environment. At least, that’s the idea. Reality is more complicated. Integrating nature and architecture “[is] always a challenge”, says Stephen Buckle, design director of Chinese studios for Aspect, a global... https://www.scmp.com/postmag/article/3349397/rewilding-city-urban-forests-asia?utm_source=rss_feed https://www.scmp.com/postmag/article/3349397/rewilding-city-urban-forests-asia?utm_source=rss_feed Thu, 09 Apr 2026 00:00:17 +0000 Mandy Zuo,Daniel Ren Mandy Zuo,Daniel Ren Billionaire investor and philanthropist Ray Dalio has called the US-China relationship the single most critical factor for global well-being, as the war on Iran shakes the world order and leaders of the two superpowers prepare to meet next month. Strong ties between Beijing and Washington could unlock immense progress for humanity, while bad relations could cause catastrophic damage, Dalio warned at an event for his non-profit ocean exploration initiative OceanX in Shanghai on Wednesday. “We are... https://www.scmp.com/economy/china-economy/article/3349393/ray-dalio-says-us-china-ties-are-critical-world-enters-dangerous-new-era?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3349393/ray-dalio-says-us-china-ties-are-critical-world-enters-dangerous-new-era?utm_source=rss_feed Wed, 08 Apr 2026 13:00:08 +0000 Ann Cao Ann Cao The latest bill proposed by US lawmakers to further restrict China’s access to advanced chipmaking equipment marks a fresh escalation in Washington’s efforts to throttle the country’s semiconductor ambitions, as it seeks to bring allies such as the Netherlands and Japan into closer alignment on export controls, analysts said. Introduced last week by Republican Representative Michael Baumgartner, the Multilateral Alignment of Technology Controls in Hardware (Match) Act aims to close “critical... https://www.scmp.com/tech/tech-war/article/3349413/washington-pushes-allies-match-tougher-china-chip-curbs-under-new-bill?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3349413/washington-pushes-allies-match-tougher-china-chip-curbs-under-new-bill?utm_source=rss_feed Wed, 08 Apr 2026 12:02:26 +0000 Sylvia Ma Sylvia Ma As the French central bank repatriates gold reserves from the United States, analysts say China should seize this “strategic window” to develop itself into the next global gold hub. They added that Beijing can leverage policy stability, alongside Hong Kong’s strengths in fintech such as blockchain, to build a modern gold trading centre, particularly as policy volatility under US President Donald Trump’s second term heightens global concerns and deepens the de-dollarisation trend. “I think [the... https://www.scmp.com/economy/china-economy/article/3349343/france-pulls-gold-us-how-can-china-develop-next-global-gold-hub?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3349343/france-pulls-gold-us-how-can-china-develop-next-global-gold-hub?utm_source=rss_feed Wed, 08 Apr 2026 12:00:08 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) batteries are set to become safer and more powerful, as carmakers including SAIC Motor and Chery Automobile outline road maps for the commercialisation of solid-state technology. Solid-state batteries – which use a solid electrolyte to conduct ions between electrodes – are widely seen as a superior alternative to conventional lithium-ion batteries that rely on liquid or gel-based materials. Analysts say the technology promises higher energy density, improved safety... https://www.scmp.com/business/china-business/article/3349348/safer-longer-range-evs-sight-china-accelerates-solid-state-battery-push?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349348/safer-longer-range-evs-sight-china-accelerates-solid-state-battery-push?utm_source=rss_feed Wed, 08 Apr 2026 08:00:08 +0000 David Frazier David Frazier Doi Chiang Dao is one of Thailand’s most stunning mountains, a 2,175-metre limestone peak that rises like a behemoth from flat farmland. Every February, it becomes the backdrop to a 10-day festival called Shambhala in Your Heart. Organised by a group of silver-haired, 1960s purist Japanese hippies, the event is set in an Edenic campsite in northern Thailand, where shade trees flank a cool running stream and open-air hot springs are just a 10-minute walk away. In recent years, Shambhala has... https://www.scmp.com/postmag/culture/article/3349356/chinese-youths-find-freedom-thailands-shambhala-festival?utm_source=rss_feed https://www.scmp.com/postmag/culture/article/3349356/chinese-youths-find-freedom-thailands-shambhala-festival?utm_source=rss_feed Wed, 08 Apr 2026 07:15:40 +0000 Yulu Ao Yulu Ao China’s fast-growing energy storage sector is drawing fresh interest from capital markets, with Sigenergy Technology becoming the latest to tap Hong Kong for funding, as companies ride a global push for renewable energy. The Shanghai-based firm was seeking to raise about HK$4.4 billion (US$561.6 million) via an initial public offering (IPO), according to its prospectus on Wednesday, as investor appetite builds around battery storage and smart energy systems that complement solar and electric... https://www.scmp.com/business/china-business/article/3349346/chinas-sigenergy-technology-seeks-us5616-million-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349346/chinas-sigenergy-technology-seeks-us5616-million-hong-kong-ipo?utm_source=rss_feed Wed, 08 Apr 2026 06:48:25 +0000 Iris Deng,Ann Cao Iris Deng,Ann Cao China is ramping up efforts in the AI race, as tech giants Alibaba Group Holding and Huawei Technologies deploy massive computing clusters in the push to develop home-grown infrastructure. E-commerce giant Alibaba has announced the deployment of a 10,000-card intelligent computing cluster powered by the Zhenwu AI chips developed by its T-Head semiconductor design arm. Launched in collaboration with China Telecom in the Shaoguan data centre in Guangdong province, the “fully domestic” cluster was... https://www.scmp.com/tech/article/3349335/ai-race-us-intensifies-chinas-alibaba-launches-10000-card-computing-cluster?utm_source=rss_feed https://www.scmp.com/tech/article/3349335/ai-race-us-intensifies-chinas-alibaba-launches-10000-card-computing-cluster?utm_source=rss_feed Wed, 08 Apr 2026 06:30:08 +0000 Ann Cao Ann Cao China is looking to the ocean to power its artificial intelligence computing ambitions, as it seeks new ways to meet soaring demand for computing power through underwater data centres in eastern and southern China. Shanghai’s Lingang Special Area, a government-designated free-trade zone designed to attract advanced manufacturing and hi-tech industries, recently saw an underwater data centre (UDC) begin operation, marking the first such facility in the world to be directly linked to an offshore... https://www.scmp.com/tech/big-tech/article/3349280/china-turns-offshore-wind-farms-subsea-data-centres-ease-ai-computing-bottleneck?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3349280/china-turns-offshore-wind-farms-subsea-data-centres-ease-ai-computing-bottleneck?utm_source=rss_feed Tue, 07 Apr 2026 23:30:08 +0000 Coco Feng Coco Feng As the global memory industry rides an unprecedented “super cycle” fuelled by AI demand, China’s leading memory chipmakers are leveraging lower pricing and expanding production to capture a bigger market share, according to analysts. “Chinese manufacturers often enjoy a price advantage of more than 15 per cent for products of the same specifications, which is highly attractive to the price-sensitive general-purpose server and consumer markets,” said Arisa Liu, chief director and research fellow... https://www.scmp.com/tech/article/3349266/chinese-memory-giants-gain-market-share-lower-prices-expanded-capacity-analysts?utm_source=rss_feed https://www.scmp.com/tech/article/3349266/chinese-memory-giants-gain-market-share-lower-prices-expanded-capacity-analysts?utm_source=rss_feed Tue, 07 Apr 2026 13:30:08 +0000 Vincent Chow Vincent Chow Chinese tech companies are engaged in a public war of words as they compete to capitalise on US start-up Anthropic’s decision to pull its industry-leading Claude models from open-source AI agent tool OpenClaw. The development comes as AI agents have triggered a huge increase in demand for AI tokens – the core metric of AI usage – raising questions about the long-term ability of industry players to meet this demand amid a growing global crunch in computational power. On Sunday, Anthropic... https://www.scmp.com/tech/tech-trends/article/3349146/chinese-ai-rivals-clash-over-anthropics-openclaw-exit-amid-global-token-crunch?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3349146/chinese-ai-rivals-clash-over-anthropics-openclaw-exit-amid-global-token-crunch?utm_source=rss_feed Mon, 06 Apr 2026 07:58:08 +0000 Dannie Peng Dannie Peng For marketing manager Wang Yuan, who sells electric heavy-duty cargo trucks in the rugged landscapes of Xinjiang in western China, business is riding a new and powerful wave. The commercial vehicle company he works for is a major player in the domestic market. The lion’s share of its electric heavy trucks are destined for coal-rich provinces including Shanxi and Inner Mongolia, apart from Xinjiang itself. In Xinjiang alone, according to Wang, sales across all brands reached around 16,700 units... https://www.scmp.com/news/china/science/article/3348742/chinas-electric-truck-revolution-powerful-painkiller-iran-war?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3348742/chinas-electric-truck-revolution-powerful-painkiller-iran-war?utm_source=rss_feed Mon, 06 Apr 2026 07:00:08 +0000 Zhang Shidong Zhang Shidong Initial public offerings (IPOs) on mainland Chinese markets surged 56 per cent in the first quarter from a year earlier, as the securities regulator relaxed curbs on equity financing to support the nation’s push for technological innovation. Twenty-nine companies raised a combined 25.7 billion yuan (US$3.7 billion) from the Shanghai, Shenzhen and Beijing stock exchanges in the first three months, according to Bloomberg data. That compared with 16.5 billion yuan raised by 27 companies in the same... https://www.scmp.com/business/china-business/article/3348945/china-ipos-jump-56-regulator-eases-restrictions-drive-tech-innovation?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348945/china-ipos-jump-56-regulator-eases-restrictions-drive-tech-innovation?utm_source=rss_feed Mon, 06 Apr 2026 06:00:11 +0000 Vanessa Cai Vanessa Cai From glimmering floral-patterned glassware to the vivid colours of intricately designed Persian carpets, artefacts from Iran have captivated visitors to a museum in northern China, where they have avoided the risks of damage in the war waged by the US and Israel. The relics, on display at the Inner Mongolia Museum in the regional capital Hohhot since December, have drawn growing attention since the start of the conflict in the Middle East and highlighted a cultural exchange that has been quietly... https://www.scmp.com/news/china/diplomacy/article/3348939/time-war-chinese-museums-are-safe-haven-ancient-treasures-iran?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3348939/time-war-chinese-museums-are-safe-haven-ancient-treasures-iran?utm_source=rss_feed Sat, 04 Apr 2026 04:00:13 +0000 Zhang Tong Zhang Tong Chinese researchers unveiled a gravity detector with world-leading precision last month, potentially expanding the military applications of the technology. It uses a superconducting quantum interference device (SQUID) to detect objects by measuring tiny changes in gravity. The team that developed the instrument says it can be used for scientific research and finding underground resources. It also brings the country one step closer to being able to spot patrolling nuclear submarines. According to... https://www.scmp.com/news/china/science/article/3348984/chinas-gravity-detecting-squid-gets-closer-spotting-us-nuclear-submarines?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3348984/chinas-gravity-detecting-squid-gets-closer-spotting-us-nuclear-submarines?utm_source=rss_feed Fri, 03 Apr 2026 14:00:09 +0000 Daniel Ren Daniel Ren Tesla has regained the global pure electric vehicle (EV) crown for the first time since the fourth quarter of 2024, after its deliveries rose 6.5 per cent year on year in the three months ending March. The modest increase was enough for the US carmaker to beat China’s EV king BYD, which posted a 25.5 per cent drop in sales during the first quarter of 2026. Tesla’s deliveries worldwide between January and March hit 358,023 units, it said in a statement on Thursday. Tesla builds only pure electric... https://www.scmp.com/business/china-business/article/3348898/tesla-outraces-chinas-byd-pure-electric-car-sales-regain-worlds-top-spot?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348898/tesla-outraces-chinas-byd-pure-electric-car-sales-regain-worlds-top-spot?utm_source=rss_feed Fri, 03 Apr 2026 06:00:12 +0000 Letters Letters Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at letters@scmp.com or filling in this Google form. Submissions should not exceed 400 words Beijing recently invited Kuomintang (KMT) chairwoman Cheng Li-wun to pay a visit to mainland China from April 7 to 12, an invitation she promptly accepted. The last time a sitting chairperson of the KMT visited the mainland was 10 years ago. On November 1, 2025, Cheng was... https://www.scmp.com/opinion/letters/article/3348808/why-kmt-leaders-planned-visit-mainland-china-significant?utm_source=rss_feed https://www.scmp.com/opinion/letters/article/3348808/why-kmt-leaders-planned-visit-mainland-china-significant?utm_source=rss_feed Fri, 03 Apr 2026 03:30:08 +0000 SCMP SCMP This article was first published on April 3, 2011 If the altitude doesn’t give you a nosebleed, the room rates might By John Carney You could say it is the height of luxury. And if putting on the Ritz is your thing, it’s just the place for you. The highest hotel in the world opened in Hong Kong last week, and if the altitude doesn’t give you a nosebleed, the price of a room will. Taking up floors 102 to 118 of the International Commerce Centre (ICC), the five-star, 312-room Ritz-Carlton Hotel... https://www.scmp.com/news/hong-kong/society/article/3348732/worlds-highest-hotel-opens-hong-kongs-west-kowloon-2011-scmp-archive?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3348732/worlds-highest-hotel-opens-hong-kongs-west-kowloon-2011-scmp-archive?utm_source=rss_feed Fri, 03 Apr 2026 03:11:08 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) makers posted a strong rebound in sales last month, shaking off the weak start to the year as local government subsidies and aggressive financing incentives drew in first-time buyers. Momentum is expected to carry through the coming months, with dozens of new models set to debut at the Auto China show in Beijing, likely to stimulate fresh demand. “The sweeping improvement in deliveries revived hopes for a steady [EV] market after a woeful performance in January and... https://www.scmp.com/business/china-business/article/3348799/china-ev-makers-surge-back-march-subsidies-and-financing-spur-demand?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348799/china-ev-makers-surge-back-march-subsidies-and-financing-spur-demand?utm_source=rss_feed Thu, 02 Apr 2026 10:00:12 +0000 Wency Chen Wency Chen CAS Space, a leading Chinese commercial rocket maker, has filed for a listing on Shanghai’s tech-focused Star Market, joining a growing queue of private space companies seeking capital as Beijing steps up support for the sector. Founded in 2018 and incubated by the Institute of Mechanics under the Chinese Academy of Sciences, the start-up plans to raise 4.18 billion yuan (US$600 million) to fund research and development of reusable heavy-lift rockets, spacecraft and liquid-fuel engines,... https://www.scmp.com/tech/article/3348774/countdown-starts-chinese-rocket-maker-cas-space-it-sets-course-star-market?utm_source=rss_feed https://www.scmp.com/tech/article/3348774/countdown-starts-chinese-rocket-maker-cas-space-it-sets-course-star-market?utm_source=rss_feed Thu, 02 Apr 2026 07:29:28 +0000 Phoebe Zhang Phoebe Zhang Cheng Li-wun, chairwoman of Taiwan’s main opposition party Kuomintang (KMT), will visit Nanjing during her visit to mainland China next week. According to a KMT press statement issued on Tuesday night, she will pay tribute at the mausoleum of Sun Yat-sen, founder of the Republic of China – Taiwan’s formal name – and a symbol of the shared past between Taiwan and the mainland. Cheng will arrive in Shanghai on April 7 and then travel by train to Nanjing, in eastern Jiangsu province, the itinerary... https://www.scmp.com/news/china/politics/article/3348696/taiwans-kmt-chair-cheng-li-wun-honour-sun-yat-sen-landmark-mainland-china-trip?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3348696/taiwans-kmt-chair-cheng-li-wun-honour-sun-yat-sen-landmark-mainland-china-trip?utm_source=rss_feed Wed, 01 Apr 2026 12:17:02 +0000 Ann Cao Ann Cao China’s third-largest chip foundry, Nexchip Semiconductor, filed for a Hong Kong listing on Tuesday as domestic wafer fabs race to expand production capacity amid surging artificial intelligence demand and Beijing’s push for greater chip self-sufficiency. Nexchip, a smaller rival to SMIC and Hua Hong Semiconductor, is seeking a dual listing in Shanghai and Hong Kong, signalling the state-backed foundry’s latest effort to strengthen its position in China’s mature-node chipmaking sector. The move... https://www.scmp.com/tech/big-tech/article/3348687/chinas-nexchip-files-hong-kong-listing-chip-expansion-race-heats?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3348687/chinas-nexchip-files-hong-kong-listing-chip-expansion-race-heats?utm_source=rss_feed Wed, 01 Apr 2026 12:00:12 +0000 Liu Zhen Liu Zhen As Tokyo was completing the deployment on Tuesday of its two Type 25 missiles targeting China, a Chinese naval fleet entered the Sea of Japan, while bilateral tensions continued to escalate. China has strongly protested the Japan Ground Self-Defence Force’s addition of the newly designated Type 25 long-range surface-to-ship guided (SSM) missile and hypervelocity gliding projectiles (HGP). The deployments were an example of “neo-militarism in Japan, which has become more than just a perilous... https://www.scmp.com/news/china/military/article/3348676/chinese-navy-arrives-sea-japan-just-tokyo-deploys-long-range-missiles?utm_source=rss_feed https://www.scmp.com/news/china/military/article/3348676/chinese-navy-arrives-sea-japan-just-tokyo-deploys-long-range-missiles?utm_source=rss_feed Wed, 01 Apr 2026 10:01:24 +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 Cheryl Arcibal Cheryl Arcibal Prime office supply in mainland Chinese cities and Hong Kong is estimated to peak this year, while demand remains hampered by an economic slowdown and global uncertainties, according to Cushman & Wakefield. At the end of 2025, premium office inventory in 21 major cities in Greater China – including Hong Kong, Beijing, Shanghai, Shenzhen and Guangzhou, as well as Taiwan – amounted to 99.2 million square metres (1.07 billion sq ft), up 4.6 million square metres or 8.4 per cent from a year earlier,... https://www.scmp.com/business/article/3348648/mainland-china-hong-kong-premium-office-supply-peak-demand-lags-cushman-says?utm_source=rss_feed https://www.scmp.com/business/article/3348648/mainland-china-hong-kong-premium-office-supply-peak-demand-lags-cushman-says?utm_source=rss_feed Wed, 01 Apr 2026 08:30:13 +0000 Iris Deng Iris Deng Shares of Hong Kong-listed UBTech jumped after the robotics firm reported a surge in 2025 revenue, driven by an explosive 23-fold rise in humanoid robot sales as China’s robotics sector moves into large-scale production. Revenue from full-size embodied intelligent humanoid robots and related services reached 820 million yuan (US$119 million) last year, making it UBTech’s largest business line. That marked a 2,203 per cent increase from a low base of 35.6 million yuan in 2024, according to... https://www.scmp.com/tech/article/3348635/ubtech-surges-leaps-and-bounds-humanoid-robot-sales-jump-23-fold?utm_source=rss_feed https://www.scmp.com/tech/article/3348635/ubtech-surges-leaps-and-bounds-humanoid-robot-sales-jump-23-fold?utm_source=rss_feed Wed, 01 Apr 2026 06:59:28 +0000 Ralph Jennings Ralph Jennings China has finished digging the underwater section of a high-speed rail tunnel stretching more than 14km (9 miles) under a busy segment of the Yangtze River, as the country increasingly turns to vast subterranean passages to expand its railway network. The tunnel beneath China’s longest waterway, which will link Shanghai’s Chongming Island with Taicang city in neighbouring Jiangsu province, is on track to be completed by the end of the year, state broadcaster CCTV reported. The project will allow... https://www.scmp.com/economy/china-economy/article/3348533/how-china-building-faster-high-speed-railways-using-vast-underwater-tunnels?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3348533/how-china-building-faster-high-speed-railways-using-vast-underwater-tunnels?utm_source=rss_feed Wed, 01 Apr 2026 02:00:08 +0000 Enoch Yiu Enoch Yiu Hong Kong has retained its top position in terms of initial public offering (IPO) funds raised in the first quarter of this year but industry experts said the city could lose its lead to the US over the full year given the number of mega IPOs expected there, from OpenAI to Elon Musk’s SpaceX. A total of 37 companies raised about US$13.26 billion on the Hong Kong stock exchange’s main board in the three months ended March 31, according to data released on Tuesday by LSEG Data and Analytics. That... https://www.scmp.com/business/banking-finance/article/3348536/hong-kong-retains-global-ipo-crown-first-quarter-faces-us-mega-listings?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348536/hong-kong-retains-global-ipo-crown-first-quarter-faces-us-mega-listings?utm_source=rss_feed Tue, 31 Mar 2026 11:30:12 +0000 Ben Jiang Ben Jiang Apple’s accidental roll-out on Tuesday of its highly anticipated Apple Intelligence feature in mainland China – which has yet to receive regulatory approval – before swiftly pulling it could raise the ire of regulators and expose the US tech giant to potential penalties, an industry expert warned. The brief release could have violated local rules on artificial intelligence security evaluations, algorithm filings and data protection, according to You Yunting, a Shanghai-based intellectual... https://www.scmp.com/tech/policy/article/3348527/apples-accidental-ai-feature-roll-out-china-risks-regulatory-backlash-expert-says?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3348527/apples-accidental-ai-feature-roll-out-china-risks-regulatory-backlash-expert-says?utm_source=rss_feed Tue, 31 Mar 2026 10:00:39 +0000 William Zheng William Zheng The surge in US service members in the Middle East suggests the Iran war could become a protracted, low-intensity conflict as Donald Trump eyes a trip to China in May, Chinese military analysts say. The deployment of elite forces and the US president’s recent tactics in Venezuela indicated Washington was highly aware of and seeking to avoid a costly drawn-out war like Vietnam, the observers added. On Sunday, The New York Times and The Washington Post reported that several hundred US Army Rangers... https://www.scmp.com/news/china/diplomacy/article/3348428/why-donald-trump-needs-short-term-win-iran-he-visits-xi-jinping-china?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3348428/why-donald-trump-needs-short-term-win-iran-he-visits-xi-jinping-china?utm_source=rss_feed Mon, 30 Mar 2026 13:30:08 +0000 Phoebe Zhang,Lawrence Chung Phoebe Zhang,Lawrence Chung Cheng Li-wun, chairwoman of Taiwan’s main opposition party, the Kuomintang (KMT), will lead a delegation to mainland China next month at the invitation of Beijing, her first visit since assuming the position in November. Song Tao, head of Beijing’s Taiwan Affairs Office, said on Monday that the Communist Party Central Committee and Xi Jinping, general secretary of the Communist Party Central Committee, would welcome her visit to Jiangsu province, Shanghai and Beijing from April 7 to 12 to... https://www.scmp.com/news/china/politics/article/3348342/taiwans-kuomintang-leader-visit-mainland-china-aid-peaceful-relations-beijing?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3348342/taiwans-kuomintang-leader-visit-mainland-china-aid-peaceful-relations-beijing?utm_source=rss_feed Mon, 30 Mar 2026 02:47:18 +0000 Wency Chen Wency Chen Yuanjie Semiconductor Technology, a Chinese maker of laser chips for optical communications, has emerged as one of the mainland exchanges’ biggest beneficiaries of the artificial intelligence infrastructure boom – with its shares rising nearly ninefold over the past year as it pursues a Hong Kong listing. The Shaanxi-based integrated device manufacturer, whose shares closed at 1,100 yuan on Friday, now ranks second by share price among mainland-listed companies, trailing only Kweichow Moutai at... https://www.scmp.com/tech/article/3348311/what-makes-yuanjie-chinese-optical-chip-star-and-hong-kong-ipo-candidate-stand-out?utm_source=rss_feed https://www.scmp.com/tech/article/3348311/what-makes-yuanjie-chinese-optical-chip-star-and-hong-kong-ipo-candidate-stand-out?utm_source=rss_feed Mon, 30 Mar 2026 02:00:06 +0000 Julie Zhang Julie Zhang Insilico Medicine has signed a potential multibillion-dollar deal with Eli Lilly to license out an early-stage drug pipeline and provide its artificial intelligence platform services in research and development collaborations. Under the agreement announced on Monday, US-headquartered, Hong Kong-listed Insilico will receive an upfront payment of US$115 million. The deal could have a total value of around US$2.75 billion tied to development, regulatory and commercial milestones, plus tiered... https://www.scmp.com/business/china-business/article/3348333/hong-kong-listed-insilico-medicine-signs-ai-drug-development-deal-eli-lilly?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348333/hong-kong-listed-insilico-medicine-signs-ai-drug-development-deal-eli-lilly?utm_source=rss_feed Mon, 30 Mar 2026 01:24:48 +0000 Meredith Chen Meredith Chen US President Donald Trump’s war on Iran has not only exposed White House decision-making flaws but also “clear cracks” within the Republican Party and his political base, observers in China say, warning of the risks posed to the party’s midterm prospects. As the US-Israel war with Iran enters its fifth week, mixed signals from Trump and his administration continue to trigger questions about the trajectory of Operation Epic Fury and the exit strategy. Trump has repeatedly claimed victory, most... https://www.scmp.com/news/china/diplomacy/article/3348205/trumps-iran-war-could-republican-rift-and-maga-discontent-doom-midterms?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3348205/trumps-iran-war-could-republican-rift-and-maga-discontent-doom-midterms?utm_source=rss_feed Sun, 29 Mar 2026 11:00:09 +0000 Daniel Ren Daniel Ren Transactions of pre-owned homes in major Chinese cities led by Shanghai surged in March, fuelling expectations that the country’s embattled property sector may be stabilising. Analysts and brokers said a more active resale market pointed to a gradual return of confidence among homebuyers after a three-year downturn. In Shanghai, about 22,000 second-hand homes changed hands between March 1 and 23, up 170 per cent from the same period a month earlier, according to data from local financial outlet... https://www.scmp.com/business/banking-finance/article/3348255/rising-second-hand-home-sales-offer-tentative-signs-floor-chinas-property-slump?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348255/rising-second-hand-home-sales-offer-tentative-signs-floor-chinas-property-slump?utm_source=rss_feed Sun, 29 Mar 2026 06:00:34 +0000 Dannie Peng Dannie Peng Chinese researchers have introduced a new methodology for evaluating medical and life science journals worldwide that does not rely on the “impact factor” traditionally used in the academic world. Experts view this as part of China’s broader efforts to strengthen its “academic discourse power”. Two new Dongbi Index journal lists, covering 4,027 medical and 3,064 life-science journals selected from more than 40,000 worldwide, were unveiled in Shanghai on March 21. They were developed by the... https://www.scmp.com/news/china/science/article/3348247/china-proposes-new-way-measure-academic-influence-departure-impact-factor?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3348247/china-proposes-new-way-measure-academic-influence-departure-impact-factor?utm_source=rss_feed Sun, 29 Mar 2026 02:00:13 +0000