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Citic Futures

Citic Futures
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 management in China". Its overall business focus is on comprehensive financial services and steady growth.
Premier Li Qiang on Monday met with leading figures from China’s business, culture and education spheres. Photo: CCTV
Artificial intelligence

China signals global AI push as MiniMax CEO joins meeting with Premier Li Qiang

Last January, DeepSeek founder Liang Wenfeng met the Chinese premier in the same setting following the start-up’s rapid rise to prominence.

China Future Tech briefing

New Energy | China AI, mega-batteries stoke renewables power drive

VR and AR

China’s telecoms giants bet on AR smart glasses with major investment in RayNeo

China consumption

China rolls out trade-in funding for 2026 as campaign to spur spending continues

The programme, which has helped stimulate consumption increases, will continue to subsidise purchases of big-ticket goods and refurbishments.

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China’s consumer goods trade-in programme subsidises, among others, the purchases of big-ticket items such as automobiles and home appliances. Photo: Getty Images
China property

China Jinmao sells 5-star Ritz-Carlton hotel in Sanya for US$322 million

Asset restructuring aims to boost liquidity as mainland China developers face a prolonged property downturn.

Artificial intelligence

Chinese expert calls for world models and safety standards for embodied AI

Turing Award winner Andrew Yao says embodied AI needs reasoning, planning and control in one framework.

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Hong Kong stock market

Hong Kong stocks end flat as traders await policy signals from China conference

Investors look to CEWC for growth target, property sector stabilisation and measures to boost domestic demand.

The Hang Seng Index edges down less than 0.1 per cent on Thursday. Photo: Jelly Tse
Banking & finance

From chips to noodles: the newcomers testing Hong Kong’s buoyant IPO market

A wave of billion-dollar offerings is building behind four new listings this week, signalling sustained momentum in Hong Kong’s IPO market.

China's space programme

Explainer | Why China’s space sector is grabbing attention – including from Elon Musk

Chinese start-up LandSpace is set to launch its first reusable rocket on Saturday. If it succeeds, it will give China’s space sector a major boost.

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Banking & finance

CICC to absorb 2 smaller rivals to create US$140 billion brokerage

CICC will acquire Dongxing Securities and Cinda Securities through stock swaps with the shareholders of the two smaller rivals.

CICC’s merger with Dongxing Securities and Cinda Securities will create an entity with assets totalling 1 trillion yuan. Photo: VCG/VCG via Getty Images
Bonds

Hong Kong extends digital bond ambitions with third offering

Government looking to sell digital green bonds denominated in US dollars, Hong Kong dollars, euros and offshore yuan, sources say.

If successfully priced, the sale would be Hong Kong’s third since 2023. Photo: Sam Tsang
Insurance

Chinese listed companies’ earnings surge on capacity cut, tech self-sufficiency

The strong quarterly results are expected to boost a rally in Chinese stocks that has been fuelled by a shift of bank savings to risk assets.

IPO

China’s Sany Heavy starts gauging investor interest for Hong Kong stock offering

The construction-machinery maker plans to raise US$1.5 billion from the listing, sources say.

Xinjiang

Explainer | What makes the Xinjiang-Tibet mega railway China’s ‘project of the century’?

The ambitious project will cut through glaciers and mountains, bridging two regions long isolated by geography.

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A Fuxing bullet train runs along the Lhasa-Nyingchi railway on June 24, 2021, in Shannan, Tibet autonomous region. Photo: Visual China Group via Getty Images
Banking & finance

HSBC, Standard Chartered complete first yuan repo under new scheme

Under the scheme, all overseas institutional investors in the onshore bond market can remit yuan obtained for offshore use.

A view of Standard Chartered Bank and HSBC’s headquarters in Central. Photo: Eugene Lee
China deflation

China’s latest steel industry plan signals tougher action to curb overproduction

The action plan, which imposes a strict ban on extra capacity, could be a blueprint for other sectors plagued by price wars, analysts say.

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US-China tech war

China’s legacy chipmakers surge after Beijing targets US analogue ICs

Leading the rally was Beijing-based SG Micro whose shares on Shenzhen’s ChiNext board surge by the maximum 20 per cent limit on Monday.

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China energy security

Already world’s top energy-storing nation, China to supercharge capacity by 2027

New plan calls for expansion of energy-storage applications, including more projects in desert areas and at retired coal-fired power plant sites.

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Power-grid workers inspect a photovoltaic power plant in Hebei province earlier this year. Photo: Xinhua
US-China trade war

Why China launched probe into US chips – and what it means for domestic firms

Analysts believe the investigation could force foreign firms to cede market share, triggering a wave of domestic sourcing.

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IPO

Unitree to file IPO documents in fourth quarter for likely A-share listing

Unitree’s IPO statement played down concerns after hobbyists and military fans posted videos of its robot dogs fitted with machine guns.

China shipbuilding

‘Historical evolution’: China’s shipping firms pivot amid looming US port fees

The shipping industry is undergoing ‘unprecedented’ changes as the US prepares to hit Chinese-linked vessels with steep levies.

A container ship operated by the state-owned Chinese conglomerate Cosco Shipping Holdings anchors in Hamburg, Germany. China’s shipping companies are adjusting their fleets to cope with steep new US port fees targeting Chinese-linked vessels. Photo: AP
Banking & finance

Junior bankers get up to 30% pay rises in Hong Kong deals boom

Deal-making is flourishing in Hong Kong, driven by the listing of mainland Chinese companies.

Pedestrians in Central. Photo: Karma Lo
China Evergrande Group

Liquidators hire UBS and Citic to sell Evergrande’s property services unit

Court-appointed liquidators are working with UBS Group and Citic Securities to seek potential buyers for the subsidiary, Evergrande Property Services Group.

China shipbuilding

China’s mammoth merger of shipbuilders nears, and so do the industry implications

With the United States looking to revive its shipbuilding industry, the combined forces of two state-owned shipbuilders will help shore up China’s dominance.

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China shipbuilding

Behind Trump’s South Korea deal, a plan to transform global shipbuilding

South Korea has pledged US$150 billion to help the US rebuild its shipbuilding industry – and compete with China.

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A ship is under construction at the HD Hyundai Heavy Industries Ulsan Shipyard in South Korea. Seoul has pledged US$150 billion to help the United States revive its shipbuilding industry. Photo: Reuters
China shipbuilding

China’s shipbuilding lead endures, but market share dips amid US port-fee threat

Industry association says China ‘continues to maintain its global leadership’, in terms of ship completions, new orders and outstanding orders.

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A worker welds on a cargo vessel at a shipbuilding base in China’s Hubei province. Photo: Getty Images
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