https://www.scmp.com/rss/92/feed Get the latest corporate, market and business news and analysis. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Daniel Ren Daniel Ren EnerVenue, a start-up co-founded by Full Vision Capital, the family office of Hong Kong tycoon Peter Lee Ka-kit, has begun manufacturing a new battery it expects to challenge existing energy-storage technologies dominated by mainland Chinese players, amid surging global demand for green energy. The California-based company can now produce 250 megawatt-hours (MWh) of nickel-hydrogen batteries annually at its factory in Changzhou, in eastern China’s Jiangsu province, and plans to raise capacity to... https://www.scmp.com/business/china-evs/article/3368843/hong-kong-tycoon-backed-start-bets-new-battery-challenge-energy-storage-giants?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3368843/hong-kong-tycoon-backed-start-bets-new-battery-challenge-energy-storage-giants?utm_source=rss_feed Sat, 26 Sep 2026 08:00:06 +0000 Xinmei Shen Xinmei Shen Chinese biotech deal making is moving beyond the licensing of individual drug candidates, as the country transforms from a follower to a global innovation leader, according to analysts. The latest transaction underscores that shift. Beijing-based cancer drug developer InnoCare Pharma said on Thursday that it had entered into a strategic research collaboration and licensing agreement with US pharmaceutical giant Eli Lilly that could be worth up to US$3.35 billion. InnoCare said it would use its... https://www.scmp.com/tech/tech-trends/article/3368781/chinas-biotech-firms-move-value-chain-drug-deals-evolve-beyond-licensing-analysts?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3368781/chinas-biotech-firms-move-value-chain-drug-deals-evolve-beyond-licensing-analysts?utm_source=rss_feed Sat, 26 Sep 2026 01:00:08 +0000 Zoe SL Chan Zoe SL Chan Beijing Eswin Computing Technology will start soliciting orders from institutional and public investors on Monday ahead of its Hong Kong initial public offering (IPO), aiming to raise around US$300 million, according to people familiar with the matter. The Chinese chipmaker had already started gauging investor interest, with trading expected to start on October 8, said one of the people, who asked not to be identified due to the sensitivity of the issue. The Beijing-headquartered company had... https://www.scmp.com/business/companies/article/3368834/chinese-risc-v-chipmaker-eswin-seeks-us300m-hong-kong-ipo-ahead-october-debut?utm_source=rss_feed https://www.scmp.com/business/companies/article/3368834/chinese-risc-v-chipmaker-eswin-seeks-us300m-hong-kong-ipo-ahead-october-debut?utm_source=rss_feed Fri, 25 Sep 2026 10:49:56 +0000 Enoch Yiu Enoch Yiu New York may be known as the city that never sleeps, but many Hongkongers like to take care of banking transactions at 2am – a truth that helps explain why 40 per cent of physical branches have disappeared in recent years, according to local bank executives. While the number of Hong Kong licensed banks had remained stable around 150 for many years, the number of bank branches had dropped 40 per cent to about 900 from 1,500 in recent years, said Sunny Cheung, CEO of Shanghai Commercial Bank. “[In... https://www.scmp.com/business/banking-finance/article/3368820/why-hong-kong-banks-have-shut-down-40-branches-recent-years?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3368820/why-hong-kong-banks-have-shut-down-40-branches-recent-years?utm_source=rss_feed Fri, 25 Sep 2026 10:01:50 +0000 Cheryl Arcibal Cheryl Arcibal Investor appetite for hotel assets increased in Hong Kong and the wider Asia-Pacific region in the first half of the year as consumers showed growing eagerness to travel and constrained supply supported property values, according to CBRE. The region netted US$8 billion of investment in the period, up 21 per cent from a year earlier, with Japan, mainland China and South Korea attracting the most activity, the property consultancy said in a report on Thursday. “Hotels have become one of the most... https://www.scmp.com/business/article/3368759/asia-pacific-hotels-most-compelling-investment-amid-travel-growth-flat-supply-cbre?utm_source=rss_feed https://www.scmp.com/business/article/3368759/asia-pacific-hotels-most-compelling-investment-amid-travel-growth-flat-supply-cbre?utm_source=rss_feed Fri, 25 Sep 2026 08:00:16 +0000 He Huifeng He Huifeng Mooncakes, a sweet staple for China’s annual Mid-Autumn Festival, are not just for people any more. Humans are pulling back, but dogs are digging in. So are cats. Pet mooncakes are popping up across China, from major retailers such as Sam’s Club to online stores and small bakeries. And many are quickly selling out. In the southwestern metropolis of Chengdu, a pack of pet mooncakes selling online for about 50 yuan (US$8) has racked up thousands of sales, news outlet thecover.cn reported. In the... https://www.scmp.com/economy/china-economy/article/3368747/mooncakes-dog-how-china-reinventing-its-iconic-festive-snack?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3368747/mooncakes-dog-how-china-reinventing-its-iconic-festive-snack?utm_source=rss_feed Fri, 25 Sep 2026 06:00:26 +0000 Daisy Wu Daisy Wu HSBC and its main Hong Kong subsidiary, Hang Seng Bank, are set to harmonise their frameworks for employee benefits across the Asian financial hub from January 1, according to internal memos seen by the South China Morning Post. The move aims to simplify benefit administration across both lenders, establish a common standard and facilitate internal career mobility within the city, the memos showed on Thursday. In an email to staff, HSBC Hong Kong CEO Maggie Ng said most existing benefits would... https://www.scmp.com/business/banking-finance/article/3368763/hsbc-hang-seng-unify-staff-benefits-across-hong-kong-january-internal-memos?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3368763/hsbc-hang-seng-unify-staff-benefits-across-hong-kong-january-internal-memos?utm_source=rss_feed Fri, 25 Sep 2026 05:26:34 +0000 Zoe SL Chan,Enoch Yiu Zoe SL Chan,Enoch Yiu After Morgan Stanley’s leak of internal deal information in a client email, rival investment banks in Hong Kong are aggressively moving to poach clients dissatisfied with the breach, according to several people familiar with the matter. Competitors are actively approaching companies named in the leaked document to pitch for their business, two rival bankers said, asking not to be identified due to the sensitivity of the issue. An accidental disclosure of confidential information by a Morgan... https://www.scmp.com/business/banking-finance/article/3368751/morgan-stanley-deal-leak-triggers-rival-poaching-security-warnings-hong-kong-banks?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3368751/morgan-stanley-deal-leak-triggers-rival-poaching-security-warnings-hong-kong-banks?utm_source=rss_feed Fri, 25 Sep 2026 04:34:51 +0000 Emma Ma Emma Ma At least a dozen Chinese banks intend to wind down retail leveraged precious-metals trading – a practice in which everyday investors post margin deposits to speculate on gold and silver contracts without owning the physical metal. The retreat comes amid sharp swings in international gold prices. Sources at two banks, including the Industrial and Commercial Bank of China – the world’s largest lender by assets – said that this round of withdrawals was mandated by the Shanghai Gold Exchange,... https://www.scmp.com/economy/china-economy/article/3368681/shanghai-gold-exchange-pushes-more-chinese-banks-end-retail-leverage-trading?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3368681/shanghai-gold-exchange-pushes-more-chinese-banks-end-retail-leverage-trading?utm_source=rss_feed Fri, 25 Sep 2026 03:00:19 +0000 Peggy Ye Peggy Ye Hong Kong has significantly narrowed Dubai’s lead as the world’s top market for “super-prime” residential property in recent months, as rising conflict weighs on activity in the Middle East market, according to Knight Frank. Dubai retained first place for deals involving homes sold for US$10 million or more in the second quarter of the year, with 131 sales worth a combined US$2.17 billion, but the total value of those transactions fell 27 per cent compared with the previous quarter. Hong Kong,... https://www.scmp.com/business/markets/article/3368687/hong-kong-catching-dubai-super-prime-property-sales-amid-iran-war?utm_source=rss_feed https://www.scmp.com/business/markets/article/3368687/hong-kong-catching-dubai-super-prime-property-sales-amid-iran-war?utm_source=rss_feed Fri, 25 Sep 2026 01:00:22 +0000 Themis Qi Themis Qi China’s electric vehicle (EV) makers and battery manufacturers are locked in negotiations over which party should pay a resumed consumption tax, according to industry sources, a conflict that underlines carmakers’ struggles amid weak home market demand. Beijing is ending an 11-year exemption on a 4 per cent consumption tax on lithium-ion batteries and related products. It returned to 2 per cent on September 1 and will be fully restored one year later. The country’s battery makers planned to pass... https://www.scmp.com/business/china-evs/article/3368627/chinas-ev-and-battery-makers-tussle-over-paying-resumed-lithium-ion-tax-sources?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3368627/chinas-ev-and-battery-makers-tussle-over-paying-resumed-lithium-ion-tax-sources?utm_source=rss_feed Fri, 25 Sep 2026 00:00:29 +0000 Zhu Wenqian Zhu Wenqian US premium coffee brand Blue Bottle Coffee will open its first Beijing store in the capital’s central business district, as it seeks to tap into China’s still growing market for the drink. The California-based brand is taking a spacious unit at China World Mall. The location, currently enclosed by construction hoarding, was previously occupied by Japanese jeweller Tasaki. The brand has yet to reveal an official opening date, though industry sources said the shop was expected to open by the end... https://www.scmp.com/business/china-business/article/3368658/blue-bottle-bets-chinese-consumers-will-drink-more-premium-coffee?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3368658/blue-bottle-bets-chinese-consumers-will-drink-more-premium-coffee?utm_source=rss_feed Thu, 24 Sep 2026 23:00:25 +0000 Jolene Otremba Jolene Otremba Hong Kong’s ambitions as a leading Asian hub for family wealth, succession planning and cross-border capital allocation took centre stage at SCMP’s “Redefining Hong Kong: Next Generation Wealth 2026” conference held on September 21 at the JW Marriott Hotel Hong Kong.  Regulators, family principals, advisers and next-generation leaders gathered to examine how inherited capital can be transformed into enduring enterprise. Held at a time when Asia is preparing for one of the largest... https://www.scmp.com/presented/business/topics/remarketing/article/3368473/live-conversation-family-wealth-enters-new-era?utm_source=rss_feed https://www.scmp.com/presented/business/topics/remarketing/article/3368473/live-conversation-family-wealth-enters-new-era?utm_source=rss_feed Thu, 24 Sep 2026 23:00:22 +0000 Xinmei Shen Xinmei Shen Efforts to detect multiple cancers through a single blood draw are gathering momentum after US regulators endorsed the technology for the first time, although experts say wider adoption in Hong Kong still faces challenges as doctors remain cautious about its clinical value. In a landmark decision for the emerging field of multi-cancer early detection (MCED) blood tests, a US Food and Drug Administration (FDA) panel on Thursday voted in favour of US company Grail’s “Galleri test”, recommending it... https://www.scmp.com/business/companies/article/3368665/us-regulators-back-multi-cancer-blood-test-hong-kong-doctors-remain-cautious?utm_source=rss_feed https://www.scmp.com/business/companies/article/3368665/us-regulators-back-multi-cancer-blood-test-hong-kong-doctors-remain-cautious?utm_source=rss_feed Thu, 24 Sep 2026 10:05:00 +0000 Zoe SL Chan Zoe SL Chan Beijing’s recent tightening of approvals for humanoid robot makers seeking initial public offerings (IPOs) poses no threat to companies with clear commercialisation strategies, as funding channels remain wide open for qualified players, according to Deloitte China. “Market funds are shifting from the ‘blind rush’ of the past to ‘fine screening’,” said Dick Kay, Deloitte China’s capital market services group national leader, at a press conference on Thursday. Investors and regulators now placed... https://www.scmp.com/business/markets/article/3368647/chinas-humanoid-robot-ipo-slowdown-no-threat-firms-genuine-strength-deloitte?utm_source=rss_feed https://www.scmp.com/business/markets/article/3368647/chinas-humanoid-robot-ipo-slowdown-no-threat-firms-genuine-strength-deloitte?utm_source=rss_feed Thu, 24 Sep 2026 09:08:50 +0000 Nicholas Spiro Nicholas Spiro As Chinese President Xi Jinping arrives in Washington for his much-anticipated summit with US President Donald Trump, it is clear which country emerged stronger from the tariff shock. Last month, China’s exports rose 25 per cent in annualised terms, causing the country’s trade surplus to swell to US$119 billion and putting it on track to exceed last year’s record of US$1.2 trillion. Moreover, China’s surplus with the US rose 44 per cent to US$29 billion, the widest gap since Trump returned to... https://www.scmp.com/opinion/china-opinion/article/3368593/who-has-upper-hand-financial-markets-us-or-china?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3368593/who-has-upper-hand-financial-markets-us-or-china?utm_source=rss_feed Thu, 24 Sep 2026 08:30:04 +0000 Daisy Wu Daisy Wu The sentiment among investors that China is a “single bet” is giving way to picking individual winners, with technology displacing property as the engine of growth, according to DBS Bank (Hong Kong). “Instead of looking at China as one big thing, there are selective sectors that we think will benefit from this trend,” Dennis Lam, managing director and head of research at the bank, said during a media briefing on Thursday. Artificial intelligence, advanced manufacturing and innovative drugs would... https://www.scmp.com/business/china-business/article/3368626/investors-pivot-selective-china-bets-technology-property-growth-fades-dbs-bank?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3368626/investors-pivot-selective-china-bets-technology-property-growth-fades-dbs-bank?utm_source=rss_feed Thu, 24 Sep 2026 08:00:34 +0000 Ralph Jennings Ralph Jennings A three-day public holiday used to be a big deal in China. Then came “golden weeks”, which would sometimes stretch to nine days, sending millions of people in search of new sights across the country and further afield. Now an alignment of the Mid-Autumn Festival and the National Day holiday will give many Chinese students and office workers up to a record 13-day break, potentially pushing tourist traffic to new heights. “The more interesting change this year is not simply higher volume, but the... https://www.scmp.com/economy/china-economy/article/3368623/skydiving-whale-watching-and-burst-bookings-holidays-extend-millions-china?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3368623/skydiving-whale-watching-and-burst-bookings-holidays-extend-millions-china?utm_source=rss_feed Thu, 24 Sep 2026 07:33:29 +0000 Yulu Ao Yulu Ao China Asset Management (Hong Kong), the offshore arm of one of mainland China’s largest asset managers, launched three exchange-traded funds (ETFs) in the city on Thursday, expanding its product line-up as investors seek more diversified strategies amid market volatility and a broader boom in the ETF market. The three products – a Hong Kong high-dividend ETF, a Hong Kong growth ETF and a Hong Kong-US “Halo” ETF – are scheduled to list on the Hong Kong stock exchange on September 30, with trading... https://www.scmp.com/business/china-business/article/3368617/chinaamc-launches-3-hong-kong-etfs-demand-targeted-strategies-grows?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3368617/chinaamc-launches-3-hong-kong-etfs-demand-targeted-strategies-grows?utm_source=rss_feed Thu, 24 Sep 2026 07:00:36 +0000 Chris Tsang Chris Tsang With office vacancy rates in Kowloon East remaining high, the Planning Department has indicated it has “no objection” to a request by some developers for a commercial project in the area to be rezoned for residential development. A consortium comprising CSI Properties, Asia Standard International and Chongqing-born property tycoon Cheung Chung-kiu has submitted an application to the Town Planning Board to rezone Harbourside HQ – a grade A office building at 8 Lam Chak Street, Kowloon Bay, which... https://www.scmp.com/business/article/3368602/high-office-vacancy-rates-spur-bid-rezone-kowloon-east-site-residential-development?utm_source=rss_feed https://www.scmp.com/business/article/3368602/high-office-vacancy-rates-spur-bid-rezone-kowloon-east-site-residential-development?utm_source=rss_feed Thu, 24 Sep 2026 06:00:05 +0000 Iris Deng Iris Deng Tencent Holdings on Thursday launched TenPayGo, a mobile payment app targeting foreign visitors, as the tech giant seeks to capture China’s growing inbound tourism market ahead of the Asia-Pacific Economic Cooperation (Apec) summit in Shenzhen. Developed by Tencent’s WeChat Pay team, TenPayGo allowed international travellers to make payments at tens of millions of shops, restaurants and attractions across the WeChat Pay network by linking their credit cards or their home-country digital wallets... https://www.scmp.com/tech/tech-trends/article/3368544/tencent-rolls-out-payment-app-foreign-travellers-ahead-apec-summit?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3368544/tencent-rolls-out-payment-app-foreign-travellers-ahead-apec-summit?utm_source=rss_feed Thu, 24 Sep 2026 05:19:05 +0000 Enoch Yiu Enoch Yiu The inadvertent disclosure of confidential information by a Morgan Stanley employee this week alarmed Hong Kong’s banking industry, listed issuers and regulators, according to several sources familiar with the matter. An email sent by the Hong Kong-based employee on Tuesday afternoon included an attached file with details on more than 100 deals in the pipeline, including initial public offerings (IPOs), private equity arrangements, pension fund positions and other projects in Greater China,... https://www.scmp.com/business/banking-finance/article/3368599/morgan-stanley-fat-finger-leak-confidential-deal-pipeline-sets-alarm-bells?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3368599/morgan-stanley-fat-finger-leak-confidential-deal-pipeline-sets-alarm-bells?utm_source=rss_feed Thu, 24 Sep 2026 04:33:57 +0000 Zhang Shidong Zhang Shidong A more than 1,700 per cent share-price surge by a new listing on the Shanghai Stock Exchange last week put a spotlight on a state-owned industrial compressor manufacturer, leading the bourse operator to intervene to curb speculative trading. ShenGu Group, a maker of centrifugal compressors in northeast China’s Liaoning province, grabbed headlines when its stock soared 1,216 per cent from its offer price two days after it began trading on September 17, with an intraday high on the second day of... https://www.scmp.com/business/china-business/article/3368595/1700-share-surge-chinese-state-owned-compressor-maker-exposes-risks-new-listings?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3368595/1700-share-surge-chinese-state-owned-compressor-maker-exposes-risks-new-listings?utm_source=rss_feed Thu, 24 Sep 2026 04:02:26 +0000 Ralph Jennings Ralph Jennings Five years after China pledged to stop building or financing new coal-fired power plants overseas, the country’s state sector has made “significant progress” towards meeting that goal, though private projects are still being developed, according to a new report. Two-thirds of China’s overseas coal power projects planned five years ago have since been cancelled, a 61.5-gigawatt (GW) cut in capacity that has saved 6.4 billion tonnes of “lifetime” carbon dioxide emissions, the study by a pair of... https://www.scmp.com/economy/china-economy/article/3368556/china-has-scrapped-two-thirds-its-planned-coal-power-plants-abroad-report?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3368556/china-has-scrapped-two-thirds-its-planned-coal-power-plants-abroad-report?utm_source=rss_feed Thu, 24 Sep 2026 01:00:09 +0000 Peggy Ye Peggy Ye Foreign investors are starting to look again at mainland China’s commercial property market after years of retreat, drawn by sharply lower asset prices, wider yields and cheaper yuan financing, even though cross-border capital remains a small fraction of the overall market, analysts said. The shift did not yet amount to a broad return of foreign money, they added. Instead, some international investors were finding ways to participate through China’s domestic capital markets, using onshore... https://www.scmp.com/property/hong-kong-china/article/3368521/how-chinas-growing-reit-sector-giving-foreign-property-investors-route-back?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3368521/how-chinas-growing-reit-sector-giving-foreign-property-investors-route-back?utm_source=rss_feed Thu, 24 Sep 2026 00:00:10 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong has climbed one place in a list of the world’s most transparent real estate markets by property consultancy JLL and subsidiary LaSalle Investment Management, though it still trails regional peers Singapore and Japan in the rankings. The city secured 14th place in the latest edition of the Global Real Estate Transparency Index, a report released every two years. The new report covers 146 city markets in 88 countries and territories worldwide. The ranking was the highest of any market in... https://www.scmp.com/business/article/3368542/hong-kong-rises-property-market-transparency-rankings-trails-singapore-and-japan?utm_source=rss_feed https://www.scmp.com/business/article/3368542/hong-kong-rises-property-market-transparency-rankings-trails-singapore-and-japan?utm_source=rss_feed Wed, 23 Sep 2026 23:00:07 +0000 Ann Cao Ann Cao US President Donald Trump has sold shares worth tens of millions of US dollars in major tech companies, including Microsoft, Amazon and Meta Platforms in July, a move that may reveal some of his views on the sector, especially as competition with China intensifies. Microsoft topped the list of sales transactions, with six trades totalling up to US$31 million, according to filings disclosed by the US Office of Government Ethics on Tuesday. The data detailed Trump’s trading activity in July,... https://www.scmp.com/tech/article/3368525/trump-offloads-tens-millions-ai-tech-shares-led-microsoft-amazon-meta?utm_source=rss_feed https://www.scmp.com/tech/article/3368525/trump-offloads-tens-millions-ai-tech-shares-led-microsoft-amazon-meta?utm_source=rss_feed Wed, 23 Sep 2026 12:30:07 +0000 Andy Xie Andy Xie The US Treasury market is in trouble, oil prices have been surging and the yen might slide again. Whatever Treasury Secretary Scott Bessent might have said, the United States government isn’t big enough to be “the house” that always wins when it comes to fixing global markets. Last week, the 10-year US Treasury yield briefly reached 5.04 per cent, the highest level since 2007, right before the global financial crisis. Bessent had tripled a Treasury buy-back operation on September 10 to US$6... https://www.scmp.com/opinion/asia-opinion/article/3368448/bad-money-decisions-are-coming-home-roost-us-and-japan?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3368448/bad-money-decisions-are-coming-home-roost-us-and-japan?utm_source=rss_feed Wed, 23 Sep 2026 12:30:05 +0000 Themis Qi Themis Qi Hong Kong’s securities regulator aims to include a yuan trading counter in a cross-border channel linked with mainland Chinese investors by July 1, marking the latest step in the city’s efforts to advance the internationalisation of the Chinese currency. The measure, announced on Wednesday, is part of a strategic action plan unveiled by the Securities and Futures Commission (SFC) to support the implementation of Hong Kong’s first five-year plan and the 2026 policy address presented by Chief... https://www.scmp.com/business/banking-finance/article/3368537/hong-kong-sets-yuan-trading-timeline-backing-beijings-push-boost-currencys-use?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3368537/hong-kong-sets-yuan-trading-timeline-backing-beijings-push-boost-currencys-use?utm_source=rss_feed Wed, 23 Sep 2026 11:49:14 +0000 Enoch Yiu Enoch Yiu Bourse operator Hong Kong Exchanges and Clearing (HKEX) will launch yuan-denominated gold futures early next year, while the city’s de facto central bank plans to introduce more yuan products and platforms to support the diversification and digitalisation of the currency’s internationalisation, speakers at a banking summit said on Wednesday. “We have recently reactivated our gold contract in the US dollar. But in the future, perhaps sometime early next year, we will be coming up with a... https://www.scmp.com/business/banking-finance/article/3368483/hong-kong-unveils-gold-bond-and-liquidity-plans-drive-next-phase-yuan-adoption?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3368483/hong-kong-unveils-gold-bond-and-liquidity-plans-drive-next-phase-yuan-adoption?utm_source=rss_feed Wed, 23 Sep 2026 09:00:25 +0000 Chris Tsang Chris Tsang Digital financial service providers, including online brokerages and digital banks that used to trumpet their “zero-branch, fully online” models, have been opening physical stores across Hong Kong recently. Analysts described it as a strategic trend aimed at enhancing brand image and service quality to capture market share, but added that the impact on the city’s retail property market would be limited. Futu Securities International (Hong Kong) opened a new global headquarters at Pacific Place... https://www.scmp.com/business/article/3368474/physical-moves-online-financial-firms-unlikely-pump-property-market-analysts?utm_source=rss_feed https://www.scmp.com/business/article/3368474/physical-moves-online-financial-firms-unlikely-pump-property-market-analysts?utm_source=rss_feed Wed, 23 Sep 2026 07:00:05 +0000 Daniel Ren Daniel Ren Contemporary Amperex Technol­ogy Ltd (CATL) has cleared all regulatory hurdles for its mega factory in Hungary, a development that analysts expect will help the world’s largest producer of electric vehicle (EV) batteries extend its reach to international marques like BMW and Volkswagen. Production of battery cells at the €7.3 billion (US$8.35 billion) plant in Debrecen, the second-largest city in Hungary, began on Tuesday after it fulfilled all preconditions for a trial run, the company said. It... https://www.scmp.com/business/china-business/article/3368463/chinese-ev-battery-giant-catl-starts-trial-production-hungarian-factory?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3368463/chinese-ev-battery-giant-catl-starts-trial-production-hungarian-factory?utm_source=rss_feed Wed, 23 Sep 2026 06:00:04 +0000 Zhang Shidong Zhang Shidong The global artificial intelligence trade is staging a comeback, as a confluence of falling oil prices, Meta Platforms’ launch of a new agentic tool and anticipation surrounding the China-US leadership summit reignite investor interest in technology stocks. The Nasdaq-100 Index – where tech firms make up nearly 70 per cent of the 100 companies featured – hit an all-time high on Tuesday, surpassing the previous record set in June. In Asia, China’s chip-heavy Star Market 50 Index and South Korea’s... https://www.scmp.com/business/china-business/article/3368470/ai-trade-outlook-brightens-falling-oil-and-metas-muse-agent-ahead-xi-trump-meeting?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3368470/ai-trade-outlook-brightens-falling-oil-and-metas-muse-agent-ahead-xi-trump-meeting?utm_source=rss_feed Wed, 23 Sep 2026 05:02:40 +0000 Zoe SL Chan Zoe SL Chan Shenzhen Camsense Technologies, a maker of spatial sensors for robotic vacuum cleaners, launched a Hong Kong initial public offering (IPO) that aims to raise about HK$680 million (US$86.7 million), despite headwinds from Washington’s recent import ban on foreign-made vacuum robots. “The export and procurement for our existing client products remain normal, with potential disruption limited to new product development schedules,” Camsense co-founder Zhou Kun said about the ban’s impact. “We have... https://www.scmp.com/business/markets/article/3368466/chinese-maker-robot-vacuum-sensors-launches-hong-kong-ipo-undeterred-us-ban?utm_source=rss_feed https://www.scmp.com/business/markets/article/3368466/chinese-maker-robot-vacuum-sensors-launches-hong-kong-ipo-undeterred-us-ban?utm_source=rss_feed Wed, 23 Sep 2026 05:00:09 +0000 Morning Studio editors Morning Studio editors Record-breaking heat, devastating droughts, deadly wildfires and heavy rain and severe floods around the world over recent months have sparked a new urgency in the search for practical solutions to climate change. The challenge for governments is not only to generate cleaner sources of power, but also to use safer and more efficient energy technologies and storage systems that are affordable and scalable so they can have a global impact. Hong Kong is increasingly positioning itself as an... https://www.scmp.com/native/business/topics/domestic-global-success/article/3367933/hong-kong-energised-global-investment-hub-green-technology?utm_source=rss_feed https://www.scmp.com/native/business/topics/domestic-global-success/article/3367933/hong-kong-energised-global-investment-hub-green-technology?utm_source=rss_feed Wed, 23 Sep 2026 04:00:06 +0000 Fan Hou,Haining Gao Fan Hou,Haining Gao – https://www.scmp.com/plus/economy/article/3368452/chinas-gig-economy?utm_source=rss_feed https://www.scmp.com/plus/economy/article/3368452/chinas-gig-economy?utm_source=rss_feed Wed, 23 Sep 2026 02:50:59 +0000 Xinmei Shen Xinmei Shen China’s edge in fast, cost-effective early clinical trials has propelled its emergence as a global biopharmaceutical powerhouse, but there is a risk that the United States could take steps to curb that advantage, according to analysts. US lawmakers and officials at the Food and Drug Administration (FDA) have raised the alarm about American pharmaceutical companies’ growing reliance on conducting early clinical trials in China, flagging the opaqueness of the process and the need to keep medical... https://www.scmp.com/business/markets/article/3368445/rising-us-scrutiny-clinical-trials-could-threaten-chinas-biotech-advantage-analysts?utm_source=rss_feed https://www.scmp.com/business/markets/article/3368445/rising-us-scrutiny-clinical-trials-could-threaten-chinas-biotech-advantage-analysts?utm_source=rss_feed Wed, 23 Sep 2026 02:00:09 +0000 Paul Buck Paul Buck In June, Chinese regulators approved the world’s first CAR-T cell therapy for solid tumour cancers, developed by a drug company based in Shanghai. One month later, at a hospital in the city, a New Zealander with advanced cancer of the stomach and small intestine became the first international patient to receive the breakthrough treatment. Chimeric antigen receptor T-cell therapy, to give it its full name, is a cutting-edge treatment that, until then, had only been approved to treat blood... https://www.scmp.com/plus/news/china/science/article/3368352/chinas-cancer-breakthrough-car-t-cell-therapy-shows-progress?utm_source=rss_feed https://www.scmp.com/plus/news/china/science/article/3368352/chinas-cancer-breakthrough-car-t-cell-therapy-shows-progress?utm_source=rss_feed Wed, 23 Sep 2026 00:45:04 +0000 Yulu Ao Yulu Ao China’s push for tech self-reliance is opening new investment opportunities in artificial intelligence stocks, but stretched valuations and geopolitical tensions make the sector an increasingly risky bet, according to Bank of America. The country’s tech firms are catching up with overseas rivals while a wave of high-profile listings has broadened investment opportunities, Winnie Wu, head of Asia-Pacific equity strategy research and co-head of China equity research at Bank of America, said in a... https://www.scmp.com/business/china-business/article/3368401/chinas-ai-self-reliance-presents-opportunities-valuations-geopolitics-are-risks-bofa?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3368401/chinas-ai-self-reliance-presents-opportunities-valuations-geopolitics-are-risks-bofa?utm_source=rss_feed Wed, 23 Sep 2026 00:00:21 +0000 Advertising partner Advertising partner [The content of this article has been produced by our advertising partner.] Hong Kong is asking for more computing power and for the electricity to stay clean and steady while it arrives.  That was the bind put to regional utility executives on September 15 by Joseph Law, president of AESIEAP and managing director of CLP Power. It also aligned with the city’s first five-year development blueprint and the priorities set out in the Chief Executive’s 2026 Policy Address. Construction of the Sandy... https://www.scmp.com/presented/business/topics/aesieap-ceo-conference-2026/article/3368225/power-not-chips-will-decide-where-asias-ai-gets-built?utm_source=rss_feed https://www.scmp.com/presented/business/topics/aesieap-ceo-conference-2026/article/3368225/power-not-chips-will-decide-where-asias-ai-gets-built?utm_source=rss_feed Tue, 22 Sep 2026 23:30:06 +0000 Daisy Wu Daisy Wu China is betting that patient capital, rather than quick trades, will define its next phase of growth – a wager that has taken on new resonance since Warren Buffett stepped down last week after growing Berkshire Hathaway into a US$1 trillion empire over six decades. And as global investors watch this week’s US-China leadership summit for any sign of easing friction, one question is whether Beijing’s version of Buffett’s value-investing legacy can help Wall Street regain its appetite for Chinese... https://www.scmp.com/business/banking-finance/article/3368414/buffett-exits-can-china-win-back-wall-street-own-brand-his-winning-formula?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3368414/buffett-exits-can-china-win-back-wall-street-own-brand-his-winning-formula?utm_source=rss_feed Tue, 22 Sep 2026 23:00:06 +0000 Advertising partner Advertising partner [The content of this article has been produced by our advertising partner.] The J. Safra Group, “the Group”, approaches its landmark 185th anniversary uniquely positioned to meet the demands of a changing financial landscape. Through Bank J. Safra Sarasin, the Group seamlessly blends historical heritage with strategic transformation. The recent acquisition of Saxo Bank equips Bank J. Safra Sarasin with a cutting-edge digital platform and serves as a catalyst for a profound evolution in its... https://www.scmp.com/presented/business/topics/preserving-generational-wealth/article/3366739/185-years-private-banking-heritage-legacy-forward-thinking-stewardship?utm_source=rss_feed https://www.scmp.com/presented/business/topics/preserving-generational-wealth/article/3366739/185-years-private-banking-heritage-legacy-forward-thinking-stewardship?utm_source=rss_feed Tue, 22 Sep 2026 16:00:07 +0000 Iris Deng Iris Deng Chinese chipmaker Hygon Information Technology on Tuesday launched a suite of central processing units (CPUs) for robotics and industrial edge devices, expanding beyond cloud computing and into the fast-growing market for physical artificial intelligence. The firm unveiled its Hygon 1000 series processors, designed to be embedded into physical devices in industrial automation systems such as robotics and factory controllers, enabling computing and graphics processing to be handled locally. Built... https://www.scmp.com/tech/tech-trends/article/3368417/chinas-hygon-moves-beyond-data-centres-embedded-processors-robotics-edge-ai?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3368417/chinas-hygon-moves-beyond-data-centres-embedded-processors-robotics-edge-ai?utm_source=rss_feed Tue, 22 Sep 2026 14:30:09 +0000 Themis Qi Themis Qi Ultra-wealthy families in Europe, the Middle East and Africa view China as their most favoured market for future investments, as concerns over tensions between Beijing and Washington ease, according to a survey by Citigroup. The latest edition of the Global Family Office Report, published on Tuesday, analysed the investment plans of 351 family offices – private companies set up to manage the assets of ultra-wealthy families – from more than 40 countries around the world. In the survey, 29 per... https://www.scmp.com/business/money/article/3368416/some-family-offices-eyeing-chinese-investments-us-china-tensions-ease-report?utm_source=rss_feed https://www.scmp.com/business/money/article/3368416/some-family-offices-eyeing-chinese-investments-us-china-tensions-ease-report?utm_source=rss_feed Tue, 22 Sep 2026 12:31:01 +0000 Howard Liu Howard Liu Huawei Technologies’ latest smartphone processor, the Kirin 9050 Pro, unveiled earlier this month, has narrowed its gap with Apple’s chips to about three years, from roughly four years in the previous generation, according to equity research firm Bernstein. The chip, which Bernstein estimated was produced using technology equivalent to a 7-nanometre process node, outperformed Apple’s 3nm A17 Pro in Geekbench 6 multicore tests, a widely used benchmark that measures how effectively processors... https://www.scmp.com/tech/tech-trends/article/3368404/chinas-huawei-trims-mobile-chip-gap-apple-tau-scaling-law-pays-bernstein?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3368404/chinas-huawei-trims-mobile-chip-gap-apple-tau-scaling-law-pays-bernstein?utm_source=rss_feed Tue, 22 Sep 2026 12:00:06 +0000 Cheryl Arcibal Cheryl Arcibal Foreign investors continue to pile into Hong Kong’s commercial real estate, with a unit of online retail giant Amazon and Singapore-headquartered Shorea Capital among the latest to snap up assets, according to agents. Shorea won the tender for The Pemberton, a mixed office and retail property in Sheung Wan, for an undisclosed amount, Colliers said, underscoring Southeast Asian investors’ continuing robust demand for real estate assets in Hong Kong. Colliers was the lead agent and broker for the... https://www.scmp.com/business/article/3368331/amazon-and-shorea-capital-deals-underscore-foreign-interest-commercial-property?utm_source=rss_feed https://www.scmp.com/business/article/3368331/amazon-and-shorea-capital-deals-underscore-foreign-interest-commercial-property?utm_source=rss_feed Tue, 22 Sep 2026 10:00:06 +0000 Enoch Yiu Enoch Yiu Beijing and Hong Kong are laying the groundwork for a new phase of offshore yuan development and other goals after the city unveiled its first five-year plan, with banking and securities regulators set to provide more details on Wednesday. The city’s market regulator, the Securities and Futures Commission (SFC), would outline further details of the blueprint, chairman Kelvin Wong Tin-yau said on Monday. Hong Kong Monetary Authority chief executive Eddie Yue Wai-man is also expected to elaborate... https://www.scmp.com/business/banking-finance/article/3368367/hong-kong-regulators-flesh-out-new-yuan-strategy-after-beijing-meetings?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3368367/hong-kong-regulators-flesh-out-new-yuan-strategy-after-beijing-meetings?utm_source=rss_feed Tue, 22 Sep 2026 09:30:07 +0000 Zhu Wenqian Zhu Wenqian US asset manager BlackRock has obtained Qualified Domestic Institutional Investor (QDII) status in China, making it the first wholly foreign-owned public fund manager to obtain the qualification, with more such developments likely as Beijing signals broader financial opening. This qualification allows firms to raise funds in China and deploy part or all of the proceeds for overseas securities investment management through asset portfolios. New York-based Neuberger Berman, another foreign-owned... https://www.scmp.com/business/markets/article/3368378/blackrock-gains-qdii-status-chinas-us149b-market-beijing-leans-opening?utm_source=rss_feed https://www.scmp.com/business/markets/article/3368378/blackrock-gains-qdii-status-chinas-us149b-market-beijing-leans-opening?utm_source=rss_feed Tue, 22 Sep 2026 09:00:12 +0000 Zoe SL Chan Zoe SL Chan Television maker Hisense Group Holdings’ optical communications unit made a steady debut in Hong Kong after raising HK$5.6 billion (US$714 million), adding momentum to a fresh wave of mainland Chinese conglomerates spinning off business units to tap overseas capital and support technology expansion. Shares of fibre-optic communications equipment maker Ligent Technologies jumped as much as 19.2 per cent on Tuesday morning, valuing the company at more than HK$35 billion. The stock pared early... https://www.scmp.com/business/article/3368345/hisense-unit-leaps-hong-kong-debut-amid-rush-mainland-chinese-corporate-spin-offs?utm_source=rss_feed https://www.scmp.com/business/article/3368345/hisense-unit-leaps-hong-kong-debut-amid-rush-mainland-chinese-corporate-spin-offs?utm_source=rss_feed Tue, 22 Sep 2026 06:33:33 +0000 Zhang Shidong Zhang Shidong Hong Kong’s stock market is getting a dose of optimism from mainland China’s 41 trillion yuan (US$6.1 trillion) insurance industry, as some insurers are widely speculated to have bought exchange-traded funds (ETFs) in the city one month after regulators approved such purchases. Market observers highlighted a spike in trading volume for several Hong Kong-listed ETFs on Monday as evidence of buying by the mainland insurance companies. The National Financial Regulatory Administration, the watchdog... https://www.scmp.com/business/china-business/article/3368329/hong-kong-stocks-eye-fresh-inflows-mainland-chinas-insurers-sitting-us6-trillion?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3368329/hong-kong-stocks-eye-fresh-inflows-mainland-chinas-insurers-sitting-us6-trillion?utm_source=rss_feed Tue, 22 Sep 2026 04:20:56 +0000