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Republican presidential nominee Donald Trump and Democratic presidential nominee Kamala Harris debate in Philadelphia on September 10, 2024. Photo: AP

Harris and Trump strike harsh tones, adding to clouds over Chinese stocks

No matter who wins, geopolitical tensions will continue to haunt Chinese stocks for another four years, according to Daiwa Securities Group.

No matter who wins, geopolitical tensions will continue to haunt Chinese stocks for another four years, according to Daiwa Securities Group

11 minutes ago

European luxury shares suffer rout as Chinese forgo high-priced goods

15 Sep 2024 - 1:15PM

Hong Kong stocks rise on speculation about China mortgage-rate cuts

13 Sep 2024 - 4:41PM

Banking & Finance

Midea’s jumbo Hong Kong IPO priced at top of range to raise US$3.46 billion

The listing has been priced at HK$54.80 amid strong demand from global and local investors, setting the stage for ‘more mega deals’.

12 Sep 2024 - 9:46PM

Exchange Square in Central is home of the city’s stock exchange operator. Photo: Jonathan Wong

Hong Kong companies sign agreements for Middle East expansion

Home-grown firms FansWave, Farmacy and Allied Environmental Consultants sign agreements with UAE investment firm at Belt and Road Summit.

12 Sep 2024 - 10:19PM

Beijing urges EV makers to avoid investing in India and Turkey

Chinese EV makers’ drive to go global hit a snag after Beijing urged them to avoid investing in countries like India and Turkey.

12 Sep 2024 - 5:21PMvideocam

New phase in Belt and Road Initiative begins as deals, connectivity thrive

The China-led initiative is evolving as private sector partnerships grow amid advances in digitalisation, connectivity.

12 Sep 2024 - 4:14PM

An art display depicting China’s Belt and Road Initiative at the China National Convention Center in Beijing,in October 2023. AP Photo.

Chinese companies report collective profit decline for second quarter as darkest season looms

Mainland-listed companies reported a collective decline in profit for the second quarter, due in part to a weak domestic economy.

12 Sep 2024 - 3:54PM

Across from Shanghai’s financial district. Photo: Bloomberg

Alibaba, WuXi lead Hong Kong stock rebound on inflows, Fed rate focus

Mainland investors were net buyers of HK$11.6 billion worth of Alibaba shares since it became an eligible component in the Stock Connect scheme this week.

12 Sep 2024 - 5:00PMvideocam

Exclusive | Hong Kong weighs new OTC crypto scheme with SFC

A previous proposal had OTC cryptocurrency shops under the excise department, but some complained about confusing virtual asset rules, sources say.

12 Sep 2024 - 10:00AM

Banking & Finance

HSBC tops global dividend payout list; Asia-Pacific lags behind rest of world

HSBC emerged as the world’s largest dividend payer last quarter, China Mobile led Hong Kong peers as Asia-Pacific firms trailed rest of the world.

12 Sep 2024 - 10:36AM

Banking & Finance

Kazakh giant eyes Hong Kong’s dim sum bonds to fund cable project

The company’s telecoms unit Freedom Telecom plans to spend 107 billion tenge (US$236 million) until the end of 2027 on two projects in Kazakhstan.

12 Sep 2024 - 4:15PM

A view of Almaty in Kazakhstan on October 10, 2023. Photo: Xinhua

Alibaba has more room to run thanks to cross-border trading, history shows

Tencent gained 23 per cent in the six months after joining Stock Connect, while Meituan and Xiaomi more than doubled over 12 months.

12 Sep 2024 - 7:30AM

China probes Evergrande-linked wealth manager Hywin for illegal fundraising

Two suspects surnamed Han and Wang have been detained for illegal fundraising, Fengxian’s public security bureau said in a statement.

11 Sep 2024 - 9:40PMvideocam

Hong Kong stocks dip to 1-month low amid slumping oil prices

Chinese oil producers Sinopec and CNOOC led the decline after prices fell more than 4 per cent overnight to an almost three-year low.

11 Sep 2024 - 4:26PM

A bull sculpture sits outside Exchange Square in Hong Kong, home of the city’s bourse operator. Photo: Sun Yeung

Huawei-backed Aito EV brand takes aim at Tesla with semi-autonomous SUV

The car shows off Huawei-developed technologies that the company aims to supply to more EV makers in the future, executive says.

10 Sep 2024 - 8:06PM

Richard Yu Chengdong, head of Huawei’s smart vehicle business unit, introduces the Aito M9 SUV in Shenzhen on December 26, 2023. Photo: Weibo

EVs outsold oil-guzzlers in China last month, boosting take-up rate

A doubling in subsidies in July helped convince more buyers to embrace electric cars, industry association says.

10 Sep 2024 - 5:51PM

US bill targets Chinese biotechs Wuxi AppTec, Wuxi Biologics

Shares of Wuxi AppTec and Wuxi Biologics fell after the US House passed a bill that would restrict business with Chinese biotech companies.

10 Sep 2024 - 6:31PM

Momo, Vietnam’s Alipay, sees growth in digital wave, expanding middle class

Vietnam’s mobile-payments leader is expanding its presence in offline consumption while boosting financial services and merchant solutions.

10 Sep 2024 - 11:51AM

People use smartphones as they drink tea by a road in Hanoi. Photo: Bloomberg

Alibaba rally, China export surprise lift Hong Kong stocks

Hong Kong stocks edged up on an Alibaba rally and strong export data from China, while mainland developers tumbled.

10 Sep 2024 - 4:43PM

Outside Hong Kong’s stock exchange. Photo: SCMP/Jonathan Wong

Alibaba to join Stock Connect plan in major boost for equity market

The decision could attract as much as US$12 billion of domestic funds to the beaten-down stock, according to one forecast.

9 Sep 2024 - 8:20PMvideocam

China’s AI industry could see US$1.4 trillion in investment in 6 years

CICC chairman Chen Liang told the International China Investment Forum that China’s AI industry still has significant room for growth.

9 Sep 2024 - 5:00PM

China to ban ex-regulators from IPO investments for up to 10 years

The change is part of a wider crackdown on corruption to bolster flagging investor confidence in China’s US$8 trillion stock market.

9 Sep 2024 - 4:38PM

A Chinese national flag flies outside the China Securities Regulatory Commission building in Beijing. Photo: Reuters

Marina Yue Zhang

Opinion | The US and China must avoid dropping a ‘Silicon Curtain’

Marina Yue Zhang

10 Sep 2024 - 5:30AM

The View | Global stock sell-off in August carries a warning we should heed

Richard Harris

5 Sep 2024 - 5:53PM

Opinion | How Hong Kong’s battered stock exchange can earn its reputation back

Jeffrey Wu

25 Aug 2024 - 10:47AM

Opinion | Hong Kong can’t afford to lose out on generative AI

George Chen

1 Aug 2024 - 9:30AM

Opinion | How America’s national debt has become the world’s liability

Andrew Sheng

26 Jul 2024 - 4:30PM

Opinion | US must ground its economic policy in reality, sooner rather than later

Anthony Rowley

21 Jul 2024 - 5:55AM

Hang Seng Index plunges to 15-month low

China’s youth turn their backs on high-end products

China Evergrande says staff arrests have ‘no impact’ on operation

US-China trade war: ‘Impossible to decouple’

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