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T-Head’s Zhenwu M890 processor is displayed at the 2026 World Artificial Intelligence Conference in Shanghai on July 17, 2026. Photo: CFOTO/Future Publishing via Getty Images
IPO

Alibaba chip unit T-Head files for Hong Kong IPO amid China’s AI push

Spin-off and IPO proposal would allow for a more efficient deployment of Alibaba’s financial resources, exchange filing says.

China stock market

Citigroup CEO Jane Fraser strikes bullish tone on expansion in China

IPO

As 1 mainland Chinese chip IPO soars, another stumbles in busy Hong Kong week

Hong Kong stock market

China biotech giant WuXi AppTec’s shares gain after Pentagon blacklist reversal

Removal from military-linked entities list eases investor concerns and highlights path for other Chinese firms facing similar challenges.

The removal of WuXi AppTec from the blacklist is significantly positive for the company’s stock, according to analysts. Photo: Reuters
The removal of WuXi AppTec from the blacklist is significantly positive for the company’s stock, according to analysts. Photo: Reuters
Hong Kong stock market

Can Hong Kong hold its ground as Nasdaq brings Wall Street into Asian hours?

Nasdaq’s plan to trade US stocks nearly round the clock could tighten links with Asian markets, intensify investor competition, analysts say.

Banking & finance

‘More reasonable’: France’s Ardian sees upside in China’s lower valuations

The French private equity giant plans to expand its Hong Kong footprint as it looks to profit from China’s lower corporate valuations.

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Hong Kong Monetary Authority (HKMA)

In Focus | A new playbook: Hong Kong pivots to AI financing, commodities and Beijing ties

The Global Financial Leaders’ Investment Summit came just weeks after Hong Kong unveiled its first five-year plan.

Illustration by Mario Rivera
Illustration by Mario Rivera
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.

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.

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.

Eddie Yue, chief executive of the Hong Kong Monetary Authority, delivers a speech at the start of the Global Financial Leaders’ Investment Summit in Hong Kong. Photo: Kit Lai
China stock market

Former Evergrande economist faces WeChat gag order after ‘buy the dip’ call

Economist Ren Zeping, once famed for predicting a bull market, is now restricted on a social media platform.

Chinese economist Ren Zeping. Photo: Handout
Chinese economist Ren Zeping. Photo: Handout
China stock market

Beijing calls for more efforts to stabilise stock market after renewed sell-off

China’s State Council pledges enhanced market stabilisation measures after the stock market fell again amid a broader global sell-off.

China stock market

AI bubble bursts, fifth plenum resolution, Singles’ Day

This week: Stocks fall as US Democrats’ landslide jeopardises data centre boom, Communist Party posts resolution from fifth plenum, and Russia says Putin may meet Trump and Xi. Next week: October inflation data comes out, Cop31 gathers in Turkey, Singles’ Day shopping festival concludes, and more.

Global Financial Leaders’ Investment Summit 2026

From finance summit to AI-driven stock rout: 5 figures investors are watching

Hong Kong in the spotlight this week with Global Financial Leaders’ Investment Summit and 5.2 per cent GDP growth in third quarter.

Financial Secretary Paul Chan Mo-po delivers a keynote on the second day of the Global Financial Leaders’ Investment Summit in Hong Kong on Wednesday. Photo: Kit Lai
Hong Kong Monetary Authority (HKMA)

Hong Kong’s Exchange Fund earnings tumble 74% as market volatility bites

US elections led to sharp market swings and Middle East war could make the final quarter more challenging, HKMA chief Eddie Yue says.

A woman walks past a money exchange shop in Central, Hong Kong. Photo: AP
A woman walks past a money exchange shop in Central, Hong Kong. Photo: AP
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.

Hong Kong stock market

Tech stocks lead declines in Hong Kong, mainland China on US$2.3tr plunge in US

Hong Kong and Chinese mainland stocks take cues from US tech slide as optimism about Democratic sweep turns into AI slowdown jitters.

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US Treasury

What midterm election results change, and what they do not, for US bond market

Democratic gains reduce risk of fresh deficit blowouts, but analysts see inflation, energy prices and AI spending keeping yields elevated.

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The US Treasury Department building on Pennsylvania Avenue in Washington. Photo: AFP
The US Treasury Department building on Pennsylvania Avenue in Washington. Photo: AFP
Banking & finance

US asset manager Federated Hermes opens office in Hong Kong

City is a ‘premier wealth and asset-management hub’ crucial to the firm’s long-term growth, executive says.

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.

China stock market

China stocks extend rebound on state support, US midterm results

Chinese equities rally as Beijing provides support and US election results signal potential end to funding for Iran conflict.

The closing index of the Chinese stock market on Wednesday. Photo Getty Images
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
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
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.

Wealth management

‘The race is on’: Swiss bankers nod to Hong Kong’s wealth hub prowess

City combines ‘stability with competitiveness’ as wealthy clients look to diversify not only assets but also where those assets are held.

Hong Kong stock market

US midterm blue tsunami jolts Asian markets as tighter AI, fiscal scrutiny looms

Assets from stocks to commodities in Asia feel the impact of the Democratic victory, as investors brace for tougher oversight of AI, spending.

A passerby stands before a stock market indicator board in Tokyo, Japan, on Wednesday. Photo: EPA
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