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SCMP Exclusives

SCMP Exclusives
The latest news, analysis and opinion on SCMP Exclusives. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
Wynn Macau president and vice-chairman Linda Chen says “Macau and Hong Kong should work together as a greater area”. Photo: Sun Yeung
Macau

Exclusive | Wynn Macau calls for easier travel process with Hong Kong to lift tourism

View echoes call by President Xi Jinping for both cities to ‘stay united and work for greater achievements’.

Electric & new energy vehicles

Exclusive | China’s EV champion Geely bets on tech edge to expand in Asia, EU

China’s Communist Party

Exclusive | China is recruiting embassy staff with a focus on electric vehicles, source says

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Banking & finance

Exclusive | China-UAE ties evolve as Gulf nation acts as global ‘superconnector’

China’s growing heft in innovative industries is driving partnerships with the UAE, HSBC’s country head says.

Chinese firms are involved in a number of significant infrastructure projects in the UAE, said Mohamed Al Marzooqi, CEO of HSBC UAE. Photo: Handout
Alibaba

Exclusive | Alibaba to sell department store Intime to focus on core e-commerce, sources say

The reported Intime sale is part of Alibaba’s broader efforts to restructure its business and refocus on its e-commerce and cloud businesses.

Banking & finance

Exclusive | Hong Kong’s potential as commodities hub draws expansion by Marex Group

The establishment of London Metal Exchange warehouses in Hong Kong will be a key enabler, Marex CEO says.

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Hong Kong sports

Exclusive | Getting past poker: Sands China drives Macau to diversify economy

Xi Jinping to visit Macau for 25th anniversary of handover as Sands China unveils non-gaming strategy.

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Grant Chum. Artwork by Lau Ka-kuen
Hong Kong economy

Exclusive | New design to bring decades-old wall in Hong Kong’s State Theatre to light

‘This project could help retain the character of the city and will be a cultural quarter,’ architectural firm director says.

Banking & finance

Exclusive | Abu Dhabi Global Market plans China roadshow to boost financial ties

Planned trip in February will stop in Beijing, Shanghai, Shenzhen and Hong Kong amid ‘overwhelming interest’ in the UAE financial centre.

China-France relations

Exclusive | Macron plans China visit amid talk of Beijing helping end Ukraine war

Senior adviser to French leader said to have travelled to Beijing to lay groundwork for 2025 trip as Europeans push for China to sway Russia.

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French President Emmanuel Macron speaks at a press conference in Warsaw, Poland, on Thursday. Photo: Zuma Press Wire/dpa
Semiconductors

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
Cathay Pacific

Exclusive | Hong Kong’s Cathay reaches 3,400 pilots this year, with resignation rate of 2.9%

Company is ‘in a phase of record training’, spokesman says.

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Hong Kong economy

Exclusive | Deepening Hong Kong, Iran ties show US curbs have ‘lost their potency’: envoy

Ambassador Mohsen Bakhtiar says measures have been taken to overcome sanctions restricting Iranian firms from accessing services in the city.

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Art

Exclusive | Hong Kong art photography fair cancelled months before its debut

Photofairs Hong Kong, slated for March 2025, scrapped by UK-based organiser because of unspecified ‘logistical constraints’.

Visitors attend the 2018 edition of Photofairs Shanghai, the city where the photographic art fair began in 2014 and where it will again be held in 2025. Plans for a Hong Kong edition of the fair in 2025 have been scrapped. Photo: Handout
E-commerce

Exclusive | China’s Meituan to expand Keeta food delivery service to more Middle East cities

Wang Xing, founder and CEO of Meituan, said last week that the company has seen some ‘encouraging results’ in Saudi Arabia.

Keeta employees promote the food delivery service to customers in Hong Kong. Photo: Jelly Tse
IPO

Exclusive | Tencent-backed WeDoctor revives Hong Kong IPO plan, sources say

Healthcare platform plans to submit IPO application by end-December and complete fundraising of as much as US$500 million by June.

Hong Kong society

Exclusive | Hong Kong-based head of insurer calls for better policies for people with autism

Damien Green of Manulife Financial Asia earlier criticised his employer’s ‘clinically dumb’ underwriting policies for people with autism.

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Banking & finance

Exclusive | French bank Credit Agricole CIB backs Hong Kong as Asian hub amid trade war

Bank has strong capability in yuan trading, green finance and infrastructure development, CEO Xavier Musca says.

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Xavier Musca, CEO of Credit Agricole CIB, said the bank will not scale down its activities in China or in Asia because of the threat of a trade war. Photo: Sun Yeung
China-EU relations

Exclusive | Call from European Parliament to cancel Hong Kong’s customs status

Lawmakers will vote on a resolution that includes proposal for ‘targeted sanctions’ on city’s leaders.

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TikTok

Exclusive | TikTok Shop expands to Spain, Ireland amid global e-commerce push

The short-video app and its owner ByteDance is under pressure to search for new revenue sources amid slowing growth.

Banking & finance

Exclusive | HSBC to feature ex-ECB president Draghi and Ark Investment’s Wood at summit

Global Investment Summit will run from March 25 to 27 next year.

An HSBC branch in Mong Kok. Photo: Nora Tam
Hong Kong economy

Exclusive | Hong Kong airport boosts efforts to lure foreign airlines as it waits on Cathay

Airport Authority is doing all it can to fill extra capacity created by soon-to-debut three-runway system, acting CEO Vivian Cheung says.

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Cathay Pacific has delayed its target of returning to pre-pandemic passenger levels to the first quarter of 2025. Photo: May Tse
Hong Kong economy

Exclusive | Hong Kong studio to draw on panda economy with new character IP

AllRightsReserved says IP for pandas will be made freely available to Ocean Park and city government, but others will have to pay for rights.

Hong Kong economy

Exclusive | ‘Sense of crisis’ fuels Hong Kong airport’s bid to be competitive ‘landmark’

Airport City will become destination drawing tourists and investors to Hong Kong, acting CEO of Airport Authority says.

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Banking & finance

Exclusive | Citigroup’s Jane Fraser on Hong Kong’s enduring charm and strategic role

A potential trade war will not alter the US bank’s expansion plans in Asia, or Hong Kong’s importance, Fraser says in an exclusive interview.

Citigroup CEO Jane Fraser, pictured during the Hong Kong Monetary Authority’s Global Financial Leaders’ Investment Summit at Grand Hyatt in Wan Chai on November 19, 2024. Photo: Dickson Lee
Hong Kong economy

Exclusive | Hong Kong can unlock Zimbabwe’s mining potential as an investment platform: envoy

Consul General Ellias Mutamba adds his main task is raising awareness of his country, while playing down concerns about instability.

Consul General Ellias Mutamba in Wan Chai. Photo: Sun Yeung
Hong Kong property

Exclusive | World’s largest hedge fund CIO buys HK$95 million home in Hong Kong

Bridgewater Associates’ co-CIO Bob Prince paid HK$95 million for a three-bedroom home at St. George’s Mansion in Ho Man Tin.

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Banking & finance

Exclusive | China is ‘very much’ investible, offers unique diversification: Bridgewater

More stimulus is needed as spending is still too low to achieve its growth target, co-CIO Prince says.

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