Yulu Ao
Reporter, Business
Yulu Ao joined SCMP in 2022 as a business reporter. She previously covered business trends across the Greater Bay Area with topics including financial market, healthcare, aviation, etc. She holds a master's degree in journalism from the University of Hong Kong. Before moving to Hong Kong, she interned in different roles at several news agencies in mainland China.
Yulu Ao joined SCMP in 2022 as a business reporter. She previously covered business trends across the Greater Bay Area with topics including financial market, healthcare, aviation, etc. She holds a master's degree in journalism from the University of Hong Kong. Before moving to Hong Kong, she interned in different roles at several news agencies in mainland China.
Areas of Expertise:
Property, Financial MarketsLanguages Spoken:
English, Mandarin
The Chinese beauty firm has snapped up a string of overseas skincare brands, but it now plans to focus on expanding its existing portfolio.
Rise in US interest rates could put pressure on Hong Kong stocks, but the impact is likely to be short-lived, investment bank says.
For China’s 250 million individual investors, AI is helping them make money from one of the world’s most volatile stock markets.
Despite high risk tolerance, millennials and Gen Z invest in safer assets due to a combination of factors, a study shows.
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Hong Kong’s MPF assets reaching HK$1.67 trillion and European Central Bank increasing rates by 25 basis points are in spotlight this week.
Cross-border wealth in Hong Kong reached US$2.95 trillion in 2025, compared with Switzerland’s US$2.94 trillion, according to BCG.
Offshore yuan liquidity makes city a ‘superconnector’, but finding projects with strong returns is now the challenge, senior bankers say.
As Green Week kicks off, the HKMA expands its finance taxonomy to channel capital into projects that build climate resilience.
China’s expanding outbound capital and US bonds’ surging yields are in spotlight this week.
Bank flags US risk premium as AI surge falters, undermining ‘Tina’ or ‘there is no alternative’ to dollar assets.
Affluent investors are using exposure to the assets for returns and to manage risk.
Hong Kong market to benefit as lower growth and interest rates make it harder for fund to ‘rely solely on domestic assets’, analyst says.
Major banks such as HSBC and UBS host thousands of executives in southern tech hub this week to connect foreign capital with domestic firms.
Citic, CICC and Guotai Haitong among those broadening cross-border deal-making and committing fresh capital to international arms as Beijing backs stronger investment banks.
As LNG and EV adoption bite into traditional fuel sales, higher global crude prices help the state-backed giant deliver strong earnings.
The revision is designed to help the tech index recover from an underwhelming first half by tapping a new generation of Chinese AI firms.
Alibaba shares, bitcoin, Hong Kong second-hand home prices and Shein’s IPO plans in spotlight this week.
Regulators select 36 use cases involving dozens of financial institutions and tech partners to test AI use in onboarding, payments, claims and customer service.
China’s largest offshore oil and gas producer saw net profits jump over 23 per cent in the first half amid turbulence in the Middle East.
Higher gross margins, surging projects and continued demand from North American markets help power the drug developer’s strong first-half performance.
Hong Kong lender says it is expanding its workforce to capture rising demand from high-net-worth clients.
CXMT’s valuation, Unitree’s listing surge and retirement expectations for Hong Kong’s wealthy are among stories leading this week’s market numbers.
The violations involved several QDII products offered between 2019 and 2022, which have ‘since been rectified’, Guotai Haitong said.
Decline in sales growth will be ‘difficult to reverse’ without a new product format or powerful celebrity endorsement, analyst says.
Robust fee growth tipped for Hong Kong, Singapore banks as mainland Chinese clients’ offshore allocations driven by diversification: report.
Lower yuan borrowing costs and longer maturities lure issuers, marking a fresh phase in the city’s expanding offshore market.
Investors David Tepper and Stanley Druckenmiller are among those switching up their bets, with Chinese giant Baidu gaining investment from both.
About 1.7 million South Koreans visited China in the first half of this year, up 16 per cent from the same period last year.
The CEO discusses China’s evolving capital markets and why multinationals are turning to local partners amid shifting geopolitical dynamics.
