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Companies

Nvidia CEO Jensen Huang. Photo: AFP)
Artificial intelligence

Nvidia CEO Jensen Huang admits to affair; board orders investigation

In memo published on company website, he apologises to his family and colleagues.

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Banking & finance

‘Geopolitical fragmentation is an advantage for us’, Standard Chartered CEO says

China’s private sector

Open Questions | Consumer goods ‘should not be dragged into political conflicts’: Dong Mingzhu

Hong Kong stock market

China to enter Brazil’s cement market as Huaxin agrees to buy CSN Cimentos

Huaxin Building Materials has agreed a US$1.6 billion deal to take a 99.99 per cent stake in Brazil’s second-largest cement producer.

Huaxin Building Materials Group is a major Chinese cement producer. Photo: Handout
Huaxin Building Materials Group is a major Chinese cement producer. Photo: Handout
Banking & finance

HSBC bets HK$4 million a month on flagship to keep physical outlets relevant

The new flagship store combines banking with lifestyle and advisory services as the lender adapts its physical network to changing customer needs.

China property

Beijing’s latest property stimulus falls short in lower-tier-cities

Price slide continues as measures that moved the needle in top-tier cities prove insufficient, raising calls for yet stronger incentives.

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Electric & new energy vehicles

How China’s EV quality drive may help foreign carmakers regain ground

Struggling international marques highlight safety and reliability as Beijing raises scrutiny of vehicle design and production.

A Tesla Cybercab is displayed at the China International Import Expo in Shanghai on Thursday. Photo: Xinhua
A Tesla Cybercab is displayed at the China International Import Expo in Shanghai on Thursday. Photo: Xinhua
Wealth management

Why wealth managers see opportunity in Hong Kong despite Beijing’s tax crackdown

Industry leaders centre discussions on Hong Kong’s soaring asset inflows and safe-haven appeal at major summits this week.

Financial regulation

Tiger Brokers targets Hong Kong growth as Beijing curbs overseas stock trading

The brokerage plans to build on strong client growth in the city after mainland regulators fined it US$61 million earlier this year.

US-China relations

Could a paused US blacklist rule signal room for progress in China trade talks?

Suspension of rule affecting overseas units of blacklisted firms extended in what analysts say is an effort by the US to seek stability.

The extension comes ahead of a new round of US-China trade talks in Shenzhen later this month. Photo: AFP
Fintech

Crypto heavyweight eyes Hong Kong expansion to tap growing tokenisation demand

City is still behind the US in tokenisation, but demand is beginning to accelerate, blockchain firm executive says.

With a market capitalisation of about US$53 billion, the Solana token is the world’s seventh-largest cryptocurrency, according to CoinMarketCap. Photo: Shutterstock
With a market capitalisation of about US$53 billion, the Solana token is the world’s seventh-largest cryptocurrency, according to CoinMarketCap. Photo: Shutterstock
Semiconductors

China’s AI chipmakers report first profits, but will the trend continue?

Sky-high memory costs and other supply-chain difficulties lead major investment banks to pare margin forecasts.

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

Executive vice-president predicts China will ‘become a much bigger portion of our business globally’.

Workers at the Nien Hsing International Garment’s Factory produce Levi’s jeans for the US market in Maseru, Lesotho. Photo: EPA-EFE
Elon Musk

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

Billionaire may face congressional scrutiny over SpaceX’s government contracts and Tesla’s China links, analysts say.

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Elon Musk stands on the side as Donald Trump speaks to the media at the White House in September. Photo: AFP
Elon Musk stands on the side as Donald Trump speaks to the media at the White House in September. Photo: AFP
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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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.

A Yutong electric bus takes part in a long-range challenge in Sydney in 2024. Photo: Handout
A Yutong electric bus takes part in a long-range challenge in Sydney in 2024. Photo: Handout
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’.

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.

Wealth industry executives support wider access for qualified professional investors to shares traded in Shanghai’s Star Market and Shenzhen’s ChiNext, according to a survey. Photo: Reuters
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
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.

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.

Tencent says the release marks the first time its AI line-up has become one of the strongest open-weight models available today. Photo: Reuters
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