TOPIC

/ company

UBS Group AG

UBS Group AG: A leading multinational investment bank and financial services firm, headquartered in Zurich and Basel, Switzerland. It specialises in global wealth management, personal and corporate banking, asset management, and investment banking. UBS primarily serves ultra-high net worth and high net worth individuals, institutional investors, and corporate clients worldwide, alongside retail clients in Switzerland. Recognised as the world’s largest private bank, it significantly expanded its market position by acquiring Credit Suisse in 2023. UBS also maintains notable sponsorship deals, including with Roger Federer. Its overall business focus is on client-centric solutions, innovation, and sustainable finance.

The company said it would start trading under stock code 0100 on January 9, with pricing expected on January 7. Photo: Shutterstock

IPO

China AI start-up MiniMax kicks off US$538 million Hong Kong IPO

Start of Shanghai-based company’s share sale follows launch of rival Zhipu’s US$560 million IPO a day earlier.

2 hours ago

IPO

China vital to Insilico’s plan to build biotech’s AI ‘Einstein’ for new drugs

30 Dec 2025 - 10:13AM

China stock market

From hope to hard numbers: China stocks will need profits to boost the bull run

27 Dec 2025 - 10:00AM

Electric & new energy vehicles

CATL poised to bring Yichun lithium output back online after licence lapse

With battery costs again under the spotlight, regulators are set to green light CATL’s restart of the Yichun mine in eastern China.

25 Dec 2025 - 4:04PM

A restart of the Yichun lithium mine could strengthen CATL’s output capacity at a time when carmakers are pushing suppliers to cut costs. Photo: AFP

Electric & new energy vehicles

Luxury EV built with Huawei tops Porsche’s Panamera and BMW’s 7 Series in China

Chinese carmakers gain confidence in the premium segment as Maextro S800 – developed by Huawei and JAC Group – tops sales above US$100,000.

23 Dec 2025 - 8:45PM

IPO

Chinese GPU maker Biren kicks off bookbuilding for US$624 million Hong Kong IPO

The company, which is selling 247.7 million shares between HK$17 and HK$19.60 each, will become the first listing of 2026 on January 2.

22 Dec 2025 - 3:28PMvideocam

Ant Group

Alipay+ announces sponsorship deal with WNBA team New York Liberty

The sponsorship follows the designation earlier this month of Liberty player Sabrina Ionescu as Ant International’s global brand ambassador.

19 Dec 2025 - 9:00PM

Peng Yang (left), CEO of Ant International, with Clara Wu Tsai, governor of New York Liberty. Photo: Handout

HKEX

HKEX amends float rules to strengthen Hong Kong’s status as global finance hub

The reforms are meant to boost liquidity and attract high-quality companies, reinforcing the overall competitiveness of the capital markets.

17 Dec 2025 - 9:15PM

IPO

HashKey shares debut flat in Hong Kong amid bitcoin bear market

The firm, one of 11 licensed virtual asset trading platforms in Hong Kong, raised US$206 million in the city’s first crypto-native IPO.

17 Dec 2025 - 4:40PM

Electric & new energy vehicles

High-end car sales sink in China as cheaper brands trump European marques

Many buyers were swayed by a 20,000 yuan (US$2,830 ) trade-in subsidy offered by the government for purchasing electric and plug-in hybrid vehicles.

14 Dec 2025 - 3:22PM

Porsche’s all-electric Macan Turbo sports car is displayed at the 17th Beijing International Automotive Exhibition (Auto China 2024) on April 23, 2025. Photo: Shutterstock

China’s private sector

China’s growing young billionaire class masks innovation hurdles, analysts say

Technological innovation – one of Beijing’s top priorities – is helping to drive wealth creation, report says.

14 Dec 2025 - 11:00AM

Wang Ning, the 38-year-old founder and CEO of Pop Mart, is one of China’s youngest billionaires.

Hong Kong stock market

Hong Kong to keep IPO crown in 2026 on mega deals and return of US capital: UBS

A pipeline of mega listings, returning US investors and looser global monetary policy will help Hong Kong extend its IPO rebound next year.

11 Dec 2025 - 8:00PM

Ant Group

Ant International signs WNBA star Sabrina Ionescu as brand ambassador

Payments firm says star player ‘embodies the spirit of perseverance’ driving young people and small businesses to ‘uplift their communities’.

9 Dec 2025 - 12:01AM

Millionaires and billionaires

Mainland China’s billionaire count surges as BYD and Mixue bosses power gains

The combined wealth of mainland China’s billionaires soars 22 per cent to US$1.77 trillion; Hong Kong’s ultra-rich population rises.

4 Dec 2025 - 5:29PM

Wang Chuanfu of BYD is among the tech sector’s biggest wealth gainers. Photo: Handout

Banking & finance

China’s JD.com unit Jingdong Industrials aims for US$412 million Hong Kong IPO

Seven cornerstone investors led by London-based M&G Investments pledge a total of US$170 million.

3 Dec 2025 - 3:14PM

JD.com will retain a 72 per cent stake after the listing. Photo: Reuters

China property

UBS predicts 2.4 million China property foreclosures as loan defaults rise

Apartments seized from small businesses could reach more than 2.4 million by 2027, according to UBS’ John Lam.

3 Dec 2025 - 9:30AMvideocam

China property

Morgan Stanley sees mainland China property slump extending into 2026

The US investment bank expects limited policy support from Beijing next year despite few signs of a turnaround in the sector.

2 Dec 2025 - 4:22PM

Hong Kong stock market

Hong Kong stocks waver on bitcoin sell-off, carry trade unravelling

‘A surge in the Japanese yen is once again playing havoc with markets,’ analyst says.

2 Dec 2025 - 4:41PM

A view of Exchange Square in Central, home to Hong Kong’s bourse operator, on October 13, 2025. Photo: Jelly Tse

Banking & finance

UBS remains bullish on Chinese tech but warns of big market swings in 2026

Swiss bank flags five major risks for next year, including economic weakness, resurgence of inflation and renewed US-China tensions.

27 Nov 2025 - 7:15PM

Hong Kong stock market

Hong Kong investors still flock to US tech stocks despite bubble fears

Individual traders are adhering to a ‘buy the dip’ strategy, Interactive Brokers’ David Friedland says.

27 Nov 2025 - 12:23PM

China property

UBS’ China property optimist retreats from bullish calls, foresees deeper slump

Home prices in mainland China are expected to fall for at least another two years as more people prefer renting over buying, John Lam says.

24 Nov 2025 - 4:34PM

Unfinished buildings in Beijing. Most global banks have dim outlooks for China’s real estate sector, which has been experiencing a renewed sales slump since the second quarter. Photo: EPA

Mergers & Acquisitions

BHP drops Anglo American bid again as rival rejects new proposal

BHP made the approach just weeks before shareholders from Anglo and Teck vote on a merger deal.

24 Nov 2025 - 1:50PM

Hong Kong property

Hong Kong talent scheme: They came for jobs. Will they stay to buy homes?

Imported professionals could sustain the property market – if they put down roots and transition from renting to owning.

22 Nov 2025 - 10:00AM

Blockchain

Ant International, UBS partner on blockchain-based cross-border payments

The strategic partnership aligns with financial institutions’ increased adoption of blockchain technology for cross-border payment solutions.

17 Nov 2025 - 5:00PM

Millionaires and billionaires

Chinese jewellery firm V Muse sets sights on big-name international rivals

Company prepares to open its first store, in Shanghai, after eight years honing its aesthetic sense and making a splash at CIIE.

17 Nov 2025 - 7:30AM

V Muse’s pavilion at the 2025 China International Import Expo in Shanghai. Photo: Daniel Ren

China stock market

Stick with emerging-market stocks, especially in China, AI: UBS

Firms with direct exposure to AI demand, especially in China, are set to shine among emerging-market equities next year, Swiss bank says.

14 Nov 2025 - 7:30AM

People pass the window of a brokerage house where a screen displays stock index information in Beijing on October 13, 2025. Photo: Reuters

Banking & finance

China’s market regulator appears in public after resignation report

The CSRC issued a statement and posted photos of Wu Qing in meetings hours after a report said he had sought to resign for health reasons.

14 Nov 2025 - 12:18AM

China property

China’s property sector needs stronger stimulus: Citigroup economist

Citi is the latest international bank to call for more aggressive policies from Beijing to jolt the country’s ailing property market.

13 Nov 2025 - 6:45PM

Help preserve 120 years of quality journalism.

SUPPORT NOW