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Chinese biotech firms struck a record US$60 billion in cross-border licensing deals in the first quarter of 2026. Photo: Getty Images
China’s private sector

China’s biotech boom drives surge in home-grown innovative drug approvals

Domestic firms dominate China’s drug approvals amid jump in spending and out-licensing deals as regulator speeds path to market.

Banking & finance

Hong Kong beats Switzerland as world’s largest offshore wealth hub, BCG finds

China stock market

BOE Tech’s 30% rally shows how AI buildout can boost an old-economy firm

China’s private sector

Insilico, US partner to build AI models predicting disease decades ahead

Tie-up combines Hong Kong-listed Insilico Medicine’s algorithms with Human Longevity’s genomic data to advance personalised health research.

The global longevity market, fuelled by an ageing population and rising consumption demand, is currently valued at US$5.3 trillion, according to a UBS report. Photo: Shutterstock
The global longevity market, fuelled by an ageing population and rising consumption demand, is currently valued at US$5.3 trillion, according to a UBS report. Photo: Shutterstock
Zijin Mining

China’s largest mining company poised for global top 3 status by 2028, says S&P

Ratings agency highlights Zijin’s project pipeline and cost discipline as the miner accelerates global expansion in copper and gold.

China stock market

Unitree’s IPO progress spurs stock buying of firms with exposure to robot maker

As the robot manufacturer moves a step closer to its IPO, stocks of its investors and supply chain makers have shot up.

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Hong Kong stock market

US$32b worth of Hong Kong assets involved in transborder trade crackdown: Citic

The assets involve a crackdown on Futu, Tiger Brokers and Long Bridge for offering mainland Chinese investors access to unlicensed trading.

A view of Victoria Harbour taken from Hong Kong Observation Deck. Photo: Sam Tsang
A view of Victoria Harbour taken from Hong Kong Observation Deck. Photo: Sam Tsang
Hong Kong stock market

Hang Seng Index review to boost market capitalisation by 4.5%: analysts

Tencent, BeOne Medicines, Baidu and NetEase may lure fund inflows between US$200 million and US$1 billion, due to index weighting changes.

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International Property

Property challenges put Chinese firms’ go-global plans at risk: JLL

Some firms have scrapped investment plans to ‘restart from scratch’ after difficulty securing property, researcher says.

Made in China 2025

China’s machinery giant XCMG eyes bigger scoop of global sales

State-owned firm banks on intelligent manufacturing, green technology, product integration and digital services to boost sales overseas.

A giant XCMG truck dwarfs other vehicles at the company’s customer festival in Xuzhou, in eastern China’s Jiangsu province, on May 19. Photo: Handout
IPO

How Hong Kong investors can gain exposure to SpaceX’s record-breaking US$75b IPO

Options for potential exposure include brokerages offering access to US stocks, buying into SpaceX’s partners, and exchange-traded funds.

The SpaceX logo displayed at the Kennedy Space Center in Cape Canaveral, Florida. Photo: AP
The SpaceX logo displayed at the Kennedy Space Center in Cape Canaveral, Florida. Photo: AP
Banking & finance

SHKP sells out latest flats in Tsuen Wan as Hong Kong market continues recovery

Centaline attributes the positive mood to improving China-US relations, solid economic data and policies that encourage talent inflow.

China stock market

China’s property developers seek semiconductor salvation with chip side-hustles

Unprofitable real estate firms see shares soar after buying into silicon assets, and analysts weigh whether it is a safe bet or banking on a big bailout.

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Hong Kong stock market

SpaceX share sale won’t drain Hong Kong IPO boom, JPMorgan says

Bank sees strong demand for Chinese AI, robotics and healthcare listings despite SpaceX’s projected record-breaking IPO in the US.

A SpaceX rocket lifts off at Kennedy Space Center in Florida. Photo: Reuters
Hong Kong stock market

China AI firms Zhipu, MiniMax to join Hong Kong’s Hang Seng Tech Index

Additions to the benchmark Hang Seng Index, meanwhile, increase the number of constituents to 93 as the bourse operator presses ahead with expansion to 100.

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People wait to cross a road in front of a sign showing the Hang Seng Index in Hong Kong on March 4. Photo: AFP
People wait to cross a road in front of a sign showing the Hang Seng Index in Hong Kong on March 4. Photo: AFP
Banking & finance

China cracks down on Tiger and Futu for illegal cross-border stock trading

ADRs of Tiger Brokers’ owner and Futu’s US-listed shares plunge after the suspension of their stockbroking businesses on the mainland.

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Semiconductors

China’s biggest contract chipmaker clears final hurdle for US$6 billion takeover

SMNC is to become a wholly owned subsidiary of SMIC, boosting the semiconductor manufacturer’s prowess and market position.

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Investing

Why more Hong Kong and mainland Chinese companies are building cash buffers

Cash holdings rise among traditional firms listed in Hong Kong and Shanghai as productive places to deploy capital dwindle, analysts say.

In today’s environment, with China’s recovery still uneven and private-sector investment appetite weak, companies are finding fewer productive places to deploy capital, according to an analyst. Photo: Shutterstock
In today’s environment, with China’s recovery still uneven and private-sector investment appetite weak, companies are finding fewer productive places to deploy capital, according to an analyst. Photo: Shutterstock
IPO

SpaceX’s US$75 billion IPO sparks liquidity fears as Fed rate-increase odds rise

The blockbuster offering’s repercussions could be far-reaching, drawing capital away from Hong Kong and the broader Asia-Pacific region.

IPO

Hong Kong set to be ousted by Nasdaq as world’s biggest IPO market

International investors remain interested in Hong Kong tech listings due to attractive valuations, UBS and JPMorgan say.

Electric & new energy vehicles

China’s Chery plans for 1m EVs sold abroad amid global energy crisis

Anhui-based carmaker anticipates 27 per cent increase in foreign deliveries in 2026 as battery ranges improve and oil prices rise.

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Employees work on a factory production line for Chery’s electric vehicles in China’s Anhui province. Photo: Reuters
China stock market

China’s stocks have upside room as liquidity, earnings grow: JPMorgan

Bank forecasts gains of 27 per cent for the MSCI China Index and 7 per cent for the CSI 300 this year.

A large screen shows stock data in Shanghai on May 6. Photo: EPA
A large screen shows stock data in Shanghai on May 6. Photo: EPA
IPO

Top Numerical Control rides fervour for aerospace to 80% IPO gain

Revenue from aviation and aerospace manufacturing equipment has accounted for around 90 per cent of its total since 2022.

Artificial intelligence

Tiny capacitors are the latest AI-driven investor darling

Artificial intelligence boom is triggering a surge in demand for multilayer ceramic capacitors, report says.

Electric & new energy vehicles

China’s Nio slams EV price wars as costs surge, defying cuts by rival Li Auto

Nio and Li Auto take different approach to pricing new models, with one executive praising ‘reasonable’ carmakers that raise prices.

A Li Auto L9 is displayed at the auto show in Beijing on April 24. Photo: AFP
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