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Business

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

Wealth

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.

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

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

Markets

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.

Cars pass along a street beneath a large screen displaying the latest stock market and economic data in Shanghai. Photo: EPA
Cars pass along a street beneath a large screen displaying the latest stock market and economic data in Shanghai. Photo: EPA

Tech Trends

China’s AI models, led by Kimi, rule open-source enterprise spending

Chinese systems account for 89 per cent of spending on open-source models, but the category is small compared with spending on proprietary models.

Policy

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.

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Cryptocurrency

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

Big Tech

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.

Markets

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.

Banking & Finance

Dutch asset manager Robeco planning to expand presence in Hong Kong

CEO says Asia is one of world’s fastest-growing wealth markets, hails Hong Kong’s ‘enduring role as a genuinely global allocation centre’.

Robeco CEO Karin van Baardwijk. Photo: Robeco

Banking & Finance

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
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

Business

Hong Kong property investors buck Asia-Pacific buying shift, survey shows

While high borrowing costs trigger regional caution, 75 per cent of the city’s buyers remain eager to buy, survey shows.

Banking & Finance

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.

Markets

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.

Exchange Square in Central. Photo: Handout

China Business

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.

The Nasdaq-100 Index plunged 6.4 per cent on Thursday, erasing US$2.3 trillion from its market capitalisation. Photo: Reuters
The Nasdaq-100 Index plunged 6.4 per cent on Thursday, erasing US$2.3 trillion from its market capitalisation. Photo: Reuters

Investment Products

Defence or growth? Wealth managers weigh AI exposure in client portfolios

KKR executive Markus Egloff warns that investors whose portfolios simply track S&P 500 are heavily exposed to AI.

Companies

‘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’.

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China Business

China’s drug makers are speeding up – will AI be their secret weapon?

Chinese biotech firms are striking big global deals as drug makers, but could artificial intelligence take them to the next level?

Illustration by Henry Wong
Illustration by Henry Wong

Markets

Can Hong Kong’s listing reform 2.0 win over innovative firms?

The reforms enhance the city’s appeal for AI, biotech and other firms by slashing the market cap threshold and enabling confidential filings.

Big Tech

Competition or ‘co-opetition’: how is convergence shaping Sino-US AI race?

Speech by CEO of Chinese AI start-up at Nvidia event in US highlights symbiotic nature of tech relationship despite geopolitical tensions.

China EVs

How China’s EV makers think they can outrun disastrous price wars

At Beijing’s urging, an industry largely built on discounting must hold the line on prices and convince buyers to pay for better technology.

Illustration: Lau Ka-kuen
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OPINION
Nicholas Spiro

Macroscope | The AI sell-off is a taste of things to come

Nicholas Spiro
4
Robin Hu

Opinion | Xi-Trump summits must leave businesses with greater clarity, not less

Robin Hu
Hugh Harsono

Opinion | China’s offshore tax crackdown could inadvertently fuel a digital dollar boom

Hugh Harsono
Tan Poh Hwee

Opinion | Better protection needed as violent cryptocurrency robberies surge

Tan Poh Hwee
4
Djoomart Otorbaev

Opinion | China is no longer just the world’s factory. It’s the HQ

Djoomart Otorbaev
Alex Lo

My Take | How Beijing is neutralising Washington’s sanctions machine

Alex Lo
12
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MULTIMEDIA
Video

Starbucks Malaysia changed the game for deaf baristas

03:00
Video

Evergrande boss Hui Ka-yan sentenced to life in jail

CCTV
01:29
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Could the world’s second trillionaire come from China?

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02:56
Video

How China’s malls are trying to stay relevant

Wire
02:34
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