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Cao Li
Senior Correspondent, Business
Cao Li has been working as a journalist focusing on China for two decades, covering a wide range of topics from politics, society and business. She previously worked at the Wall Street Journal and the New York Times in Beijing and Hong Kong.
Cao Li has been working as a journalist focusing on China for two decades, covering a wide range of topics from politics, society and business. She previously worked at the Wall Street Journal and the New York Times in Beijing and Hong Kong.
Areas of Expertise:
China finance, property and politicsLanguages Spoken:
English, Mandarin
Most Asian markets retreat as surging oil prices fuel concerns over the economic fallout, while aluminium producers rally on supply fears.
Buyers snapped up most units on sale, even though one agent said the Middle East conflict was ‘like a bucket of cold water’ on demand.
Stopping Iran from having nuclear weapons and threatening the Middle East is of ‘far greater interest and importance to me’, Trump says.
Fourth edition of summit comes as Hong Kong pursues goal of attracting 220 additional family offices by 2028.
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Brent crude rises as much as 10.5 per cent to US$101.6 a barrel even after Western nations take steps to mitigate oil prices.
The company’s strong results and energy storage push spark gains for battery makers listed in Hong Kong and mainland China.
Tencent and Alibaba lose ground while CATL and Geely buck market trend.
US objectives in Iran are ‘pretty well complete’ but the war could continue if Tehran attempted to stop global oil supplies, Trump says.
Brent crude jumps over 20 per cent to trade at around US$110 a barrel, prompting investors to further reduce risk exposure.
Retail investors on Chinese platforms probe companies about supply-chain risks and opportunities as tensions escalate in the Middle East.
Top EV makers such as BYD, Great Wall Motor and Chery are selling more cars in overseas markets than at home.
Fit-out costs in the city average more than US$2,000 per square metre, topping Tokyo, with Hong Kong in eighth, Knight Frank report says.
China signals shift from debt-driven housing growth, but sweeping stimulus seen as unlikely.
Risk-off sentiment is seen across major Asia-Pacific markets, with South Korea’s Kospi benchmark falling 7.2 per cent.
CR Longdation buys Kwai Chung hotel for US$122 million and plans 900-bed facility as non-local student numbers continue to rise.
Policy support, Chinese New Year demand and Winter Olympics exposure lift China’s sportswear makers, with Li Ning and Anta leading gains.
Wuliangye Yibin’s Zeng Congqin is the latest high-profile figure targeted as Beijing’s anti-corruption drive intensifies in liquor sector.
Toymaker’s latest character launch draws tepid demand, raising questions about the company’s reliance on Labubu’s success.
The city’s commercial property market remains on a sustained downturn, as rents continue to fall and vacancy rates soar.
Non-residents with three years of social security contributions or individual income taxes will be allowed to buy a second home in the city.
The survey showed that only 10 per cent of credit investors consider AI-driven corporate obsolescence a big concern.
China’s key shopping street rents have fallen to 2018 levels as cautious consumers cut spending and landlords lower prices to fill vacancies.
At least six New York staff laid off as the bank presses ahead with a global overhaul aimed at saving US$1.5 billion a year.
The carmaker is pressing ahead despite tariffs on Chinese electric vehicles, betting on demand for high-spec models.
Record gold prices have lifted sentiment across raw materials, but analysts expect differentiated returns as producers ratchet up output.
Beer drinkers in China are veering away from bars and high-end restaurants, instead opting for cheaper stay-at-home options, analysts say.
A net 21 stocks were added to the MSCI China Index, including SenseTime, Pony.ai and Hesai Technology.
Bank of China (Hong Kong) and Bank of East Asia could be affected the most as they have the highest exposure to China’s property sector.
The toymaker’s stock gains as user growth, livestream sales and overseas expansion signal resilience despite softer consumer demand in China.
