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People check out Huawei’s Mate 70 smartphones at a store in Beijing, November 26, 2024. Photo: EPA-EFE

Tech Trends

Huawei’s new Mate 70 smartphone chip is ‘not a major redesign’, report finds

The findings contradict enthusiasm on Chinese social media, where users claimed the new Kirin 9020 had a performance boost of 30 per cent.

China’s Urban Revivo takes global fashion push to Bangkok, New York, London

Chinese soy sauce maker Foshan Haitian eyes dual listing in Hong Kong

Big Tech

Tencent’s low-profile CEO praises China’s economic policy, stimulus

The entrepreneur wrote in People’s Daily that the government has shown ‘strong determination’ in pushing for economic recovery.

Tencent CEO Pony Ma speaks at the opening ceremony of the fifth World Internet Conference in Wuzhen, Zhejiang province, on November 7, 2018. Photo: Reuters
Tencent CEO Pony Ma speaks at the opening ceremony of the fifth World Internet Conference in Wuzhen, Zhejiang province, on November 7, 2018. Photo: Reuters

Business

Cybersecurity regulator to continue crackdown on illegal financial services

Cyberspace Administration of China says it has taken action against a number of accounts on social media platforms.

China Business

Over half of mainland Chinese luxury consumers plan to increase spending: report

Report says 56 per cent of mainland Chinese luxury consumers plan to increase their purchases from domestic brands.

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Business

Hong Kong home prices: up or down? Experts weigh in with forecasts for 2025

Analysts forecast up to 5 per cent price fall or rise amid oversupply, falling interest rates and improving stock market performance.

CK Asset’s mass residential project in Kwun Tong. Some 87,000 new flats in Hong Kong are estimated to be ready by the end of next year, according to JLL. Photo: Nora Tam
CK Asset’s mass residential project in Kwun Tong. Some 87,000 new flats in Hong Kong are estimated to be ready by the end of next year, according to JLL. Photo: Nora Tam

Business

HSBC, IFC sign US$1 billion facility to support trade financing

Partnership will help trade finance get to where it is needed, fuelling a segment that is crucial to job creation and economic growth, lender says.

China Business

Chinese EV maker Jiyue to cut operations in bid to stay in brutal race

Some projects will be scrapped and some business units merged in an ‘all-out’ effort towards ‘rebirth’, CEO says.

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China Business

Stocks advance as investors await details from China economic meeting

China’s economic work conference is expected to conclude on Thursday.

People passed through Exchange Square in Central. Photo: May Tse

Tech War

Exclusive | US to cap countries’ advanced chip access, with China in sights: sources

In a second escalation of chip restrictions this month, the US is planning to close sourcing loopholes through third-party countries, sources say.

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As the US has sought to curb China’s access to advanced semiconductors, the smuggling trade for these chips has grown. Photo: Shutterstock
As the US has sought to curb China’s access to advanced semiconductors, the smuggling trade for these chips has grown. Photo: Shutterstock

Big Tech

Apple continues AI roll-out to iPhones with customised emojis

The iPhone’s upgraded operating system, iOS 18.2, extends Apple’s expansion into AI as it chases Samsung and Google.

Blockchain

US bankers cautious about crypto amid expectations of regulatory easing

Goldman Sachs CEO David Solomon said the Wall Street giant would ‘evaluate’ dealing in top cryptocurrencies like bitcoin and ether if rules change.

Tech War

China must innovate in chip design or fall behind the global market, expert says

China Semiconductor Industry Association’s Wei Shaojun sees new design architecture and microsystem integration as pathways to progress.

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Innovation in China’s integrated circuit-design sector have been hindered by tightened US tech restrictions. Photo: Shutterstock

Business

Gulf financiers bet on 35% returns from Chinese assets on stimulus bets

‘If you want growth, you have to be in this corridor from the near to the Far East,’ Gulf Capital CEO says at China-UAE summit during Abu Dhabi Finance Week.

A view of buildings in Abu Dhabi on June 26, 2023. Photo: AFP
A view of buildings in Abu Dhabi on June 26, 2023. Photo: AFP

Banking & Finance

Hong Kong’s IPO market revives on state backing after 3-year slump

The city has recorded US$10.7 billion of proceeds from 64 IPOs this year through November; more deals in December.

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China Business

China’s CATL, Stellantis to build US$4.3 billion EV battery plant in Spain

Joint venture received support from the Spanish government, which abstained in the EU’s October vote to impose extra tariffs on Chinese-made EVs.

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Climate and energy

Hong Kong’s status as aviation, maritime hub faces green fuel challenge

Hong Kong has to act fast if it wants to become a green fuel hub for the aviation and maritime sectors, as both Singapore and China are way ahead, analysts say.

Illustration by Henry Wong
Illustration by Henry Wong

Blockchain

Decentralised kingdom: bitcoin’s Trump bump and how China lost its crypto crown

As the world’s factory, China cornered the market on bitcoin mining, leading to a flurry of crypto business activity before a harsh crackdown in 2021.

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China Business

Global CEOs see new hopes, old threats in Hong Kong vs Trump 2.0

‘People are leery of investing a lot of money in a country that is part of geopolitical tensions,’ Oaktree Capital’s Howard Marks says.

China Business

How the idea to link up Asia’s 2 largest stock markets was born

The exchange link between Shanghai and Hong Kong went live on November 17, 2014.

Illustration: Henry Wong
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OPINION
Huang Yiping

Opinion | 3 challenges for China’s economic growth in 2025

Huang Yiping
Prof Zhang Jun

Opinion | How China’s fast-transforming economy can avoid painful L-shaped growth

Prof Zhang Jun
Winston Mok

The View | East Asia’s success shows regional integration key to global competitiveness

Winston Mok
Fred Teng

Opinion | By banning TikTok, US is shooting itself in the foot

Fred Teng
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Robert Delaney

On Balance | US must target Big Food and insurance industry to fix its healthcare

Robert Delaney
Tim Daiss

Opinion | How China is quietly becoming the world’s climate champion

Tim Daiss
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MULTIMEDIA
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NBA, Sands China collaborate to stage pre-season games in Macau

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Bitcoin surge stalls as crypto investors grow cautious

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Bridgewater's Prince says China is a 'unique opportunity' as funds diversify

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Data centres, EVs bring growth and climate challenges to Hong Kong utility CLP, says CEO

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