https://www.scmp.com/rss/522115/feed The latest news and top stories on Citic Futures. A leading entity in the financial services sector, Shenzhen-based Citic Futures specialises in commodity and financial futures brokerage investment consulting asset management and risk management. They primarily serve institutional and individual investors across China and globally. Wholly owned by CITIC Securities, the company is recognised for its industry leadership in performance indicators and numerous awards including "Best wealth... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Mia Nurmamat Mia Nurmamat A strong El Nino expected later this year, together with the fallout from the US-Israeli war on Iran, may threaten China’s agricultural security as the country’s traditional small-scale farming system lacks sufficient capacity to cope with extreme weather shocks, analysts have warned. The climate phenomenon also risked disrupting China’s supply of critical commodities, such as copper – essential for renewable energy systems – potentially forcing the energy-intensive economy to lean more heavily... https://www.scmp.com/economy/china-economy/article/3352028/fallow-farms-more-coal-burning-and-copper-shortages-how-el-nino-could-affect-china?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3352028/fallow-farms-more-coal-burning-and-copper-shortages-how-el-nino-could-affect-china?utm_source=rss_feed Sun, 03 May 2026 12:00:10 +0000 Enoch Yiu Enoch Yiu Hong Kong’s market regulator will soon begin inspection of investment banks to assess their roles as sponsors of listing candidates, in its latest effort to uphold the quality of new listings amid a booming market. The Securities and Futures Commission (SFC) said the inspection would focus on whether banks had complied with its January circular, which outlined expectations on staffing and quality controls when handling initial public offerings (IPOs) in Hong Kong. For example, the SFC expected... https://www.scmp.com/business/banking-finance/article/3347182/sfc-prepares-inspect-hong-kong-ipo-listing-sponsors-amid-quality-concerns?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347182/sfc-prepares-inspect-hong-kong-ipo-listing-sponsors-amid-quality-concerns?utm_source=rss_feed Thu, 19 Mar 2026 11:00:18 +0000 SCMP Editorial SCMP Editorial Hong Kong is a critical financial hub for China. Its reputation for market integrity is therefore paramount. If the city wants to remain a top centre for initial public offerings and corporate fundraising, it must command the confidence and trust of investors that it is a clean market. Insider trading and market manipulation at the cost of honest market players are poison to that goal. Investors can easily find other markets with which to entrust their money. So it is good to see evidence of... https://www.scmp.com/opinion/comment/article/3346503/zero-tolerance-insider-trading-central-hong-kongs-financial-future?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3346503/zero-tolerance-insider-trading-central-hong-kongs-financial-future?utm_source=rss_feed Fri, 13 Mar 2026 23:15:09 +0000 Vincent Chow,Xinyi Wu Vincent Chow,Xinyi Wu The CEO of Chinese artificial intelligence company MiniMax met Premier Li Qiang on Monday, becoming the second representative from a foundational AI model developer to meet with the national leader after Liang Wenfeng, founder of DeepSeek, a year ago. The appearance of 36-year-old Yan Junjie along with eight other leading figures from China’s business, culture and education spheres underscored the rapid ascent of the newly minted billionaire, who steered his company founded just four years ago... https://www.scmp.com/tech/policy/article/3340515/china-signals-global-ai-push-minimax-ceo-joins-meeting-premier-li-qiang?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3340515/china-signals-global-ai-push-minimax-ceo-joins-meeting-premier-li-qiang?utm_source=rss_feed Tue, 20 Jan 2026 06:17:18 +0000 Yujie Xue,Mia Nurmamat Yujie Xue,Mia Nurmamat Wind turbines in blustery Tibet are a symbol of China’s rapid investment in renewable energy. The only problem is that much of this potential power goes to waste. Thirty per cent of Tibetan wind energy was lost in the first 10 months of last year, as production had to be paused to avoid overloading the power network. Sunny Qinghai province similarly had to curtail 16.4 per cent of its solar energy in the same period, according to China’s National Energy Administration. China is seeking to... https://www.scmp.com/plus/article/3338885/china-ai-mega-batteries-stoke-renewables-power-drive?utm_source=rss_feed https://www.scmp.com/plus/article/3338885/china-ai-mega-batteries-stoke-renewables-power-drive?utm_source=rss_feed Wed, 07 Jan 2026 01:00:15 +0000 Coco Feng Coco Feng Chinese smart glasses maker RayNeo on Monday said it secured funding from the country’s major state telecommunications operators, as eyewear emerges as the next gadget with the ability to access artificial intelligence services along with smartphones. The investment from subsidiaries of China Unicom and China Mobile comes as RayNeo debuts the world’s first consumer augmented reality (AR) glasses integrated with eSIM and 4G connectivity at CES, the annual consumer electronics trade show in Las... https://www.scmp.com/news/china-future-tech/ai/article/3338776/chinas-telecoms-giants-bet-ar-smart-glasses-major-investment-rayneo?utm_source=rss_feed https://www.scmp.com/news/china-future-tech/ai/article/3338776/chinas-telecoms-giants-bet-ar-smart-glasses-major-investment-rayneo?utm_source=rss_feed Mon, 05 Jan 2026 10:00:33 +0000 He Huifeng He Huifeng China has unveiled the details of an extension to its popular consumer goods trade-in scheme, a policy which has helped to fuel short-term boosts in consumption and contributed to the achievement of nationwide targets for economic growth. On Tuesday, the National Development and Reform Commission (NDRC) – the country's top economic planner – announced with the Ministry of Finance that 62.5 billion yuan (US$8.93 billion) in ultra-long-term special bonds would be fast-tracked to local governments... https://www.scmp.com/economy/policy/article/3338298/china-rolls-out-trade-funding-2026-campaign-spur-spending-continues?utm_source=rss_feed https://www.scmp.com/economy/policy/article/3338298/china-rolls-out-trade-funding-2026-campaign-spur-spending-continues?utm_source=rss_feed Wed, 31 Dec 2025 09:00:09 +0000 Zhang Shidong Zhang Shidong China Jinmao Holdings, the property development arm of state-backed Sinochem Holdings, has sold a tourism subsidiary that owns the five-star Ritz-Carlton hotel on Hainan Island for 2.26 billion yuan (US$322 million), as it pursues asset restructuring amid a prolonged downturn in mainland China’s real estate market. Shanghai Jinmao, the developer’s wholly owned unit, reached an agreement with Sanya Luanmao on Tuesday to sell its 100 per cent stake in Sanya Tourism, which solely owned the... https://www.scmp.com/business/china-business/article/3337614/china-jinmao-sells-five-star-ritz-carlton-hotel-hainans-sanya-us322-million?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337614/china-jinmao-sells-five-star-ritz-carlton-hotel-hainans-sanya-us322-million?utm_source=rss_feed Wed, 24 Dec 2025 09:00:15 +0000 Wency Chen Wency Chen Andrew Yao Chi-chih, a world-renowned Chinese computer scientist, said embodied artificial intelligence still lacks key foundations, stressing the need for interpretable “world models” and more diverse data-collection methods. Speaking on Saturday at an industry event in Shanghai, Yao said core capabilities such as “reasoning, planning and control should ultimately be integrated within a unified framework”, noting the importance of world models instead of simulating. He added that “scalable new... https://www.scmp.com/tech/big-tech/article/3336463/chinese-expert-calls-world-models-and-safety-standards-embodied-ai?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3336463/chinese-expert-calls-world-models-and-safety-standards-embodied-ai?utm_source=rss_feed Mon, 15 Dec 2025 12:00:18 +0000 Yulu Ao Yulu Ao Hong Kong stocks closed flat on Thursday as the US Federal Reserve’s rate cut briefly lifted sentiment, while investors still awaited policy signals ahead of China’s central economic work conference. The Hang Seng Index edged down less than 0.1 per cent to 25,530.51 as of the close of trading, after rising as much as 1 per cent earlier. The Hang Seng Tech Index fell 0.8 per cent. On the mainland, the CSI 300 Index dropped 0.9 per cent and the Shanghai Composite Index lost 0.7 per cent. Chinese... https://www.scmp.com/business/china-business/article/3335980/hong-kong-stocks-advance-china-stimulus-bets-and-fed-interest-rate-cut?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3335980/hong-kong-stocks-advance-china-stimulus-bets-and-fed-interest-rate-cut?utm_source=rss_feed Thu, 11 Dec 2025 02:25:03 +0000 Julie Zhang Julie Zhang Hong Kong’s booming fundraising market is set for another busy week, with four companies scheduled to debut this week and a string of billion-dollar listings – including Chinese luxury electric vehicle maker Avatr Technology – lining up behind them. Among this week’s newcomers, chip materials supplier Guangdong Tianyu Semiconductor plans to raise the highest sum, seeking up to HK$1.74 billion (US$223.42 million) from the sale of 30.07 million shares. The shares have been priced at HK$58 each.... https://www.scmp.com/business/banking-finance/article/3334910/chips-noodles-newcomers-testing-hong-kongs-buoyant-ipo-market?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3334910/chips-noodles-newcomers-testing-hong-kongs-buoyant-ipo-market?utm_source=rss_feed Tue, 02 Dec 2025 23:30:09 +0000 Sylvia Ma Sylvia Ma On Saturday, the Beijing-based start-up LandSpace reportedly plans to conduct the maiden launch of its Zhuque-3 rocket – a reusable launch vehicle that could significantly boost China’s space industry by lowering the cost of lifting equipment such as satellites into orbit. The prospect of China mastering reusable rockets – a technology pioneered by US-based SpaceX – has attracted significant attention from aerospace experts, and even drew comment from SpaceX CEO Elon Musk last month. Beyond the... https://www.scmp.com/economy/china-economy/article/3334125/why-chinas-commercial-space-sector-grabbing-attention-including-elon-musk?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3334125/why-chinas-commercial-space-sector-grabbing-attention-including-elon-musk?utm_source=rss_feed Wed, 26 Nov 2025 00:00:09 +0000 Zhang Shidong Zhang Shidong China International Capital Corp (CICC) plans to absorb two smaller brokerages to create a new entity worth 1 trillion yuan (US$140 billion) in assets, as a state-led consolidation gathers pace to meet Beijing’s goal of creating investment banks that can compete with the likes of Goldman Sachs. CICC would take over Dongxing Securities and Cinda Securities through stock swaps with the shareholders of the two peers, it said in an exchange statement on Wednesday night, without giving details.... https://www.scmp.com/business/china-business/article/3333480/cicc-absorb-2-smaller-rivals-create-us140-billion-brokerage?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3333480/cicc-absorb-2-smaller-rivals-create-us140-billion-brokerage?utm_source=rss_feed Thu, 20 Nov 2025 03:13:17 +0000 Bloomberg Bloomberg Hong Kong is marketing a new set of “digitally native” bonds denominated in multiple currencies, intensifying the city’s drive to become a global hub for digital assets. The government was looking to sell digital green bonds denominated in US dollars, Hong Kong dollars, euros and offshore yuan, according to people familiar with the matter. The deal could be priced as early as Monday, said the people, asking not to be identified discussing a private matter. If successfully priced, it would mark... https://www.scmp.com/business/markets/article/3332197/hong-kong-extends-digital-bond-ambitions-third-offering?utm_source=rss_feed https://www.scmp.com/business/markets/article/3332197/hong-kong-extends-digital-bond-ambitions-third-offering?utm_source=rss_feed Mon, 10 Nov 2025 09:04:43 +0000 Zhang Shidong Zhang Shidong Chinese listed companies posted their fastest profit growth of the year in the third quarter, as a government-led drive to cut excess industrial output drove up margins and the nation’s tech self-reliance bolstered demand for semiconductors. The earnings of mainland China-listed companies rose 11.6 per cent from a year ago, compared with a 1.2 per cent increase in the second quarter and 3.2 per cent growth in the January-March period, according to China Merchants Securities. Technology companies... https://www.scmp.com/business/china-business/article/3331296/chinese-listed-companies-earnings-surge-capacity-cut-tech-self-sufficiency?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3331296/chinese-listed-companies-earnings-surge-capacity-cut-tech-self-sufficiency?utm_source=rss_feed Mon, 03 Nov 2025 07:00:09 +0000 Bloomberg Bloomberg China’s Sany Heavy Industry is starting to gauge investor interest in its Hong Kong listing, according to the deal’s terms seen by Bloomberg News, inching closer to what would be among the city’s biggest first-time share sales this year. The construction-machinery maker would conduct so-called investor-education meetings this week starting Monday, the terms showed. The company planned to list its shares in the coming weeks to raise around US$1.5 billion, people familiar with the matter... https://www.scmp.com/business/companies/article/3328739/chinas-sany-heavy-starts-gauging-investor-interest-hong-kong-stock-offering?utm_source=rss_feed https://www.scmp.com/business/companies/article/3328739/chinas-sany-heavy-starts-gauging-investor-interest-hong-kong-stock-offering?utm_source=rss_feed Mon, 13 Oct 2025 02:21:48 +0000 Xinyi Wu Xinyi Wu Construction is set to begin next month on a monumental railway linking Hotan in Xinjiang with Lhasa in Tibet – one of China’s most ambitious infrastructure projects to date. The 1,980km (1,230 miles) line has been dubbed one of the “projects of the century” for the extreme engineering challenges it presents and the massive investment required. Traversing mountain ranges, glaciers and permafrost zones at altitudes averaging above 4,500 metres (14,764 feet), it will connect the two autonomous... https://www.scmp.com/economy/china-economy/article/3328547/what-makes-xinjiang-tibet-mega-railway-chinas-project-century?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3328547/what-makes-xinjiang-tibet-mega-railway-chinas-project-century?utm_source=rss_feed Sun, 12 Oct 2025 08:00:14 +0000 Enoch Yiu Enoch Yiu Hong Kong note-issuing banks HSBC and Standard Chartered on Monday completed trades at the launch of the city’s cross-boundary bond repurchase (repo) scheme, according to the two lenders. The cross-boundary bond repo business was launched by the Hong Kong Monetary Authority (HKMA) and the People’s Bank of China, alongside other mainland authorities, as the latest initiative to enhance the Bond Connect scheme, which would encourage more international investors to trade in yuan-denominated... https://www.scmp.com/business/banking-finance/article/3327276/hsbc-standard-chartered-complete-first-yuan-repo-under-new-scheme?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3327276/hsbc-standard-chartered-complete-first-yuan-repo-under-new-scheme?utm_source=rss_feed Mon, 29 Sep 2025 13:30:09 +0000 He Huifeng He Huifeng China has rolled out a new steel industry action plan that includes a basket of measures to deal with the chronic oversupply problems plaguing the sector, as Beijing steps up efforts to end a string of price wars raging across the economy. The plan, which includes a strict ban on additional capacity and moves to accelerate the phase-out of outdated equipment, could become a blueprint for other industries suffering from overproduction and excessive competition, analysts said. Released by the... https://www.scmp.com/economy/china-economy/article/3326389/china-steps-fight-against-vicious-price-wars-new-steel-industry-plan?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3326389/china-steps-fight-against-vicious-price-wars-new-steel-industry-plan?utm_source=rss_feed Mon, 22 Sep 2025 10:00:52 +0000 Wency Chen Wency Chen Shares of China’s domestic legacy chipmakers, including SG Micro and 3Peak, surged on Monday after Beijing’s weekend announcement of an anti-dumping investigation into imported US semiconductors. The government’s probe into imported “analogue integrated-circuit (IC) chips” – widely used in home appliances, machinery and electric vehicles – marked the first-ever anti-dumping probe into imported IC products as the country makes steady progress in developing domestic alternatives for these... https://www.scmp.com/tech/tech-war/article/3325613/tech-war-chinas-legacy-chipmakers-surge-after-beijing-targets-us-analogue-ics?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3325613/tech-war-chinas-legacy-chipmakers-surge-after-beijing-targets-us-analogue-ics?utm_source=rss_feed Mon, 15 Sep 2025 13:00:08 +0000 Alice Li Alice Li China, which already boasts the world’s largest energy-storage capacity, is set to nearly double that level by 2027, with an anticipated investment of 250 billion yuan (US$35 billion), according to Beijing’s latest action plan. As outlined in the action plan, China’s “new-energy storage system” capacity – primarily based on lithium-ion batteries – is set to exceed 180 gigawatts within two years, up from 95GW as of June. Released jointly by the National Development and Reform Commission and the... https://www.scmp.com/economy/economic-indicators/article/3325610/china-supercharge-energy-storage-tech-world-leading-advancements-2027?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3325610/china-supercharge-energy-storage-tech-world-leading-advancements-2027?utm_source=rss_feed Mon, 15 Sep 2025 11:00:08 +0000 Mandy Zuo Mandy Zuo China has launched an anti-dumping investigation into analogue integrated circuit (IC) chips imported from the United States, saying they have “lowered and suppressed” the prices of domestic alternatives. The probe, requested by a provincial semiconductor association, was announced on Saturday, a day after Washington introduced its latest tech curbs on Chinese companies – and a day before the two economic powers began their fourth round of trade talks in Spain on Sunday. In this explainer, the... https://www.scmp.com/economy/china-economy/article/3325594/why-china-launched-anti-dumping-probe-us-chips-and-what-it-means-domestic-firms?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3325594/why-china-launched-anti-dumping-probe-us-chips-and-what-it-means-domestic-firms?utm_source=rss_feed Mon, 15 Sep 2025 08:31:06 +0000 Zhou Xin Zhou Xin Unitree Robotics, the country’s top humanoid robot maker, said it would file documents to an onshore stock exchange in mainland China between October and December this year, suggesting it will soon go public. While the Hangzhou-based firm’s statement did not specify whether it was seeking a listing in Shanghai, Beijing or Shenzhen, a source familiar with the matter said that the company was eyeing an onshore initial public offering (IPO) as the first step. “At present, the company is actively... https://www.scmp.com/business/banking-finance/article/3324049/unitree-dispels-fear-armed-quadrupeds-ipo-stressing-robots-civilian-use?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3324049/unitree-dispels-fear-armed-quadrupeds-ipo-stressing-robots-civilian-use?utm_source=rss_feed Tue, 02 Sep 2025 09:30:08 +0000 Carol Yang Carol Yang Chinese shipping companies are working with global partners to reduce their US exposure and explore more regional market opportunities, as the industry braces for the introduction of steep new US port fees in October. Washington plans to charge Chinese-linked vessels hefty fees to enter US ports as part of a drive to rein in China’s globally dominant shipyards, and the controversial new levies are already driving deep changes in the shipping industry. “The container shipping industry is... https://www.scmp.com/economy/china-economy/article/3324007/chinas-shipping-firms-lean-alliances-ride-out-us-port-fee-storm?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3324007/chinas-shipping-firms-lean-alliances-ride-out-us-port-fee-storm?utm_source=rss_feed Tue, 02 Sep 2025 05:00:08 +0000 Bloomberg Bloomberg Citic Securities and other Chinese brokers are raising pay levels again for junior bankers in Hong Kong to boost retention and handle a jump in deal-making, according to people familiar with the moves. China’s biggest broker was raising pay at its Hong Kong CLSA unit, giving 15 per cent to 30 per cent bumps to about HK$75,000 (US$9,600) to HK$80,000 a month to select junior associates, the people said, asking not to be identified because they are not authorised to discuss compensation. The... https://www.scmp.com/business/banking-finance/article/3322727/chinese-brokers-boost-pay-junior-bankers-hong-kong-deals-boom?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3322727/chinese-brokers-boost-pay-junior-bankers-hong-kong-deals-boom?utm_source=rss_feed Fri, 22 Aug 2025 01:43:47 +0000 Bloomberg Bloomberg Liquidators of China Evergrande Group, the developer whose default in 2021 set off a broader years-long property debt crisis, has hired bankers to sell a property management unit after previous attempts failed, people familiar with the matter said. The court-appointed liquidators are working with UBS Group and Citic Securities to seek potential buyers for the subsidiary, Evergrande Property Services Group, according to the people, who requested not to be named because the information is... https://www.scmp.com/business/banking-finance/article/3321685/evergrandes-liquidators-hire-ubs-and-citic-sell-us11-billion-property-service-subsidiary?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3321685/evergrandes-liquidators-hire-ubs-and-citic-sell-us11-billion-property-service-subsidiary?utm_source=rss_feed Wed, 13 Aug 2025 06:31:35 +0000 Carol Yang Carol Yang China’s two major shipbuilders appear to be mere days from completing a merger that will form the largest publicly listed shipbuilding company in the world. The China Shipbuilding Industry Company announced that next Tuesday will be the final trading day for its shares before the company is absorbed by China CSSC Holdings. Analysts have deemed the move a strategic masterstroke in Beijing’s broader industrial and military ambitions, particularly as the United States increasingly views China as a... https://www.scmp.com/economy/china-economy/article/3320981/chinas-mammoth-merger-shipbuilders-nears-and-so-do-industry-implications?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3320981/chinas-mammoth-merger-shipbuilders-nears-and-so-do-industry-implications?utm_source=rss_feed Wed, 06 Aug 2025 12:00:07 +0000 Carol Yang Carol Yang South Korea has pledged US$150 billion to help its shipbuilders enter the US market as part of its new trade deal with Washington, a move that could help America revive its shipbuilding industry and counter China’s dominance in the sector. US President Donald Trump announced on Wednesday that the United States and South Korea had agreed a “full and complete” trade deal, which would see the US impose a 15 per cent tariff on South Korean goods and receive US$350 billion of investment from its... https://www.scmp.com/economy/china-economy/article/3320297/behind-trumps-south-korea-deal-plan-transform-global-shipbuilding?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3320297/behind-trumps-south-korea-deal-plan-transform-global-shipbuilding?utm_source=rss_feed Thu, 31 Jul 2025 22:00:08 +0000 Carol Yang Carol Yang China retained its leading position in the global shipbuilding market during the first half of the year, according to data from the industry association, despite a decline in market share caused by buyers’ concerns over the threat of US port fees on Chinese-built vessels. It secured 68.3 per cent of new vessel orders in the global market in the first six months of the year, compared with 74.7 per cent in the same period last year, China’s shipbuilding industry association said on Monday. The... https://www.scmp.com/economy/global-economy/article/3319284/chinas-shipbuilding-lead-endures-market-share-dips-amid-us-port-fee-threat?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3319284/chinas-shipbuilding-lead-endures-market-share-dips-amid-us-port-fee-threat?utm_source=rss_feed Wed, 23 Jul 2025 13:00:14 +0000