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Companies

Exchange Square in Central. Photo: Handout
HKEX

HKEX posts first quarterly profit decline in over 2 years as market cools

The operator of Asia’s third-largest stock market saw its quarterly profit reach HK$4.859 billion, down 1 per cent year on year.

China consumption

‘Bullish on China’: US brand Levi’s bucks retail headwinds through localisation

Elon Musk

As political bet fails, what happens now to Musk’s Tesla, SpaceX and China ties?

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Huawei

No Intel, no Qualcomm: Huawei unveils its first ‘100% domestic’ desktop

Tech giant expands HarmonyOS beyond laptops and tablets as it accelerates efforts to replace US technology.

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Huawei has launched the Qinyun HM650 series desktop computers for enterprise and government users. Photo: handout
Huawei has launched the Qinyun HM650 series desktop computers for enterprise and government users. Photo: handout
Robotics

China blocks SoftBank’s US$5.4 billion takeover of ABB’s robotics division

Case marks second major deal blocked by China this year after Meta was ordered to unwind its acquisition of AI start-up Manus.

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Electric & new energy vehicles

China’s Yutong Bus expands overseas as new-energy bus exports surge

‘Overseas public transport demand is growing fast, and international buyers are seeking more premium electric buses,’ Asia-Pacific CEO says.

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China’s private sector

Open Questions | China’s appliance queen on quest for greener cooling, growth overseas

Gree Electric Appliances’ Dong Mingzhu says ‘If making money is not your only purpose, you keep asking harder questions’.

Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen
Hong Kong

Beijing steps up scrutiny with tax queries for 3 Hong Kong IPO candidates

In the first half of this year, at least 80 listed Chinese firms were ordered to repay corporate income taxes and late payment surcharges.

Wealth management

Why Hong Kong wealth managers want broader access to mainland China’s tech markets

Executives say expanded channels could strengthen wealth business and reinforce city’s role as gateway between mainland and global capital.

New World Development

Could Shanghai project smooth indebted New World’s path to cash?

With tenants like Hermes and Rolex moving in, K11 Elysea’s occupancy hits threshold for cash-raising securitisation exercise, analysts say.

The office component of Shanghai K11 Elysea has reached an occupancy rate of 80 per cent, according to New World. Photo: Handout
US midterm elections 2026

Democrats’ midterm triumph sends US stocks soaring, but Tesla, SpaceX fall

The Dow jumped 1.9 per cent as markets opened on Wednesday, as Democratic midterm victory promises to restrain Trump’s policy excesses.

A trader works on the floor of the New York Stock Exchange. Photo: EPA
A trader works on the floor of the New York Stock Exchange. Photo: EPA
Hong Kong stock market

2 cancer drugs from Li Ka-shing-backed Sequencio garner global attention

Subsidiary of Hong Kong-listed company will present preclinical data on two RNA-based vaccines at major US cancer conference.

Tencent

Tencent launches Hy4 in bid to break into AI’s top tier of open-weight models

Tech giant says the new model introduces visual reasoning and powers a comprehensive update to its workplace AI tool WorkBuddy.

Global Financial Leaders’ Investment Summit 2026

Asia to drive Julius Baer’s growth as investors diversify amid US AI risks: CEO

CEO predicts investors ‘over-indexed’ to US equities, dollar will divest to Hong Kong, China, Singapore and Switzerland as tensions rise.

Julius Baer’s global CEO Stefan Bollinger (left) and Julius Baer’s Asia head Jimmy Lee Kong Eng at IFC in Central. Photo: Edmond So
China property

Why a Guangdong state giant’s troubles are rippling across China’s bond market

Mounting concerns over Huafa’s finances have shaken China’s bond market and renewed scrutiny of local governments’ reliance on land sales.

Zhuhai Huafa Group is the largest local government-owned enterprise in Zhuhai. Photo Handout
Zhuhai Huafa Group is the largest local government-owned enterprise in Zhuhai. Photo Handout
China stock market

PBOC pledges support for stocks as China’s market slide defies rescue efforts

Central bank governor signals further support for capital market and property sector after recent measures fail to stem losses.

Global Financial Leaders’ Investment Summit 2026

Why Hong Kong’s bridge role matters more than ever in a ‘reglobalisation’ era

Banking leaders say demand for diversification, yuan funding and cross-border capital flows is reinforcing the city’s appeal.

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China trade

How Beijing plans to cut trade costs and speed cross-border payments

Draft measures would expand forex services, ease compliance requirements and simplify overseas trade payments, regulator says.

Safe has released a draft notice outlining nine measures to facilitate current-account foreign exchange transactions. Photo: dpa
Safe has released a draft notice outlining nine measures to facilitate current-account foreign exchange transactions. Photo: dpa
Electric & new energy vehicles

As sales slow, Chinese carmaker courts controversy with overt marketing tactics

Inflated claims and a slang term have seen Chinese automakers in hot water with consumers.

HKEX

HKEX moves closer to round-the-clock trading with longer derivatives session

Bourse operator plans to extend overnight derivatives trading from March 2027 to align more closely with US and European trading hours.

Electric & new energy vehicles

What keeps China’s top carmakers growing as smaller EV rivals face the squeeze?

Sales momentum among leading carmakers contrasts with a domestic market downturn that is accelerating industry consolidation, analysts say.

Visitors check out BYD cars at the 2026 Paris Motor Show in France last month. Photo: Reuters
Hong Kong stock market

Has Hong Kong’s IPO boom hit a wall – or is a year-end rush still to come?

Market volatility, tougher regulatory scrutiny slow listings, but industry players expect city to finish among world’s top three venues.

Hong Kong’s stock market has slowed significantly since October, with only three new listings, all of which closed below their offer prices on debut. Photo: Jonathan Wong
Hong Kong’s stock market has slowed significantly since October, with only three new listings, all of which closed below their offer prices on debut. Photo: Jonathan Wong
Wealth management

In Focus | Could New York’s tax-the-rich agenda send its wealthiest residents to Hong Kong?

Analysts say Hong Kong could benefit as New York’s tax debate prompts wealthy families to reassess their options.

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CATL

As battery wars intensify, China’s CATL seeks growth beyond its core business

World’s largest battery maker accelerates investments in new businesses as price wars and tax changes cloud earnings outlook.

Amazon

After brutal sell-off, what comes next for the titans of Big Tech?

Following disappointing quarterly earnings, tech giants face wide-ranging challenges, even as AI revenue builds.

Traders on the floor of the New York Stock Exchange on Thursday. US stocks closed lower following a slate of corporate earnings reports. Photo: EPA
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