共 30 則相關新聞
Beijing’s planned 360 billion yuan (US$54 billion) capital injection into eight state-owned financial institutions is a step in the right direction, but further fiscal support is needed to revive credit demand and ensure the fresh capital is put to better use, analysts say. They noted that the move
China announced a capital injection of around 360 billion yuan (US$54 billion) for eight of the largest state-owned banks and insurers amid government efforts to shore up the country’s financial system and boost economic growth. Three state banks said on Sunday they would receive a combined 290 bill
China’s electric vehicle (EV) battery makers saw their combined net profit in the first half of the year nearly double that of the country’s major carmakers, widening the profitability gap amid weakening domestic demand for EVs. Seven major battery manufacturers, including Contemporary Amperex Techn
When Nio CEO William Li outlined earnings prospects for the Shanghai-based carmaker in March, he could not help but liken the automotive business to the development of robots. “I think robotics will represent a natural extension of our carmaking capabilities and business acumen,” Li told reporters a
The crimson flags on Nanjie village’s “East is Red” Square hang limp in the sweltering summer heat as a trickle of tourists take photos with a towering statue of Chairman Mao Zedong, still gleaming white almost 50 years after he died. The Great Helmsman, who died September 9 1976,
The massive gap in artificial intelligence spending between US and Chinese tech titans may not buy the advantage expected for American giants, as lower domestic costs and heavy state support allow Chinese firms to secure far more computing power per dollar, according to a new report by Moody’s Ratin
With the saga surrounding Evergrande founder Hui Ka‑yan ending in his life sentence and the ongoing financial struggle of mainland developers, analysts said challenges remained for troubled operators getting away from the vicious cycle of a sluggish property market, even though risk resolution had l
From low-quality “slop” such as soap operas starring humanlike cats and dating shows featuring anthropomorphic fruit, to increasingly slick productions realistic enough to pass for live action, artificial intelligence-generated video dramas have become almost inescapable on Chinese social media feed
Chinese leveraged traders continue to unwind their bets on stocks, as unease over rising global bond yields and a lingering oil shock add uncertainty to the artificial intelligence trade. The outstanding balance of stocks bought with borrowed money dropped to 2.62 trillion yuan (US$390.1 billion) on
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Xi, Trump and Putin may hold trila
Chery Automobile, China’s largest car exporter by deliveries, will begin testing its solid-state batteries next year, aiming to spearhead commercialisation of a technology likely to further spur the electrification of the global automotive industry. Yin Tongyue, the chairman of the state-owned carma
Palau’s president called on Thursday for a “unified” Pacific response to July’s missile test by China on the final day of a summit clouded by alleged Beijing meddling. China gave only a handful of nations short notice before test-firing an intercontinental ballistic missile i
China’s new housing finance rules reduce the risk of buying a new home but analysts are not convinced they will be enough to tempt hesitant buyers still weighed down by falling prices and weak confidence. The changes are designed to reduce the risk in buying pre-sold homes. Mortgage funds for pre-so
Hong Kong will stage a 23-minute fireworks display over Victoria Harbour on China’s National Day on October 1 under the theme “Eternal Radiance”. The HK$18 million (US$2.3 million) extravaganza, exclusively sponsored by insurance provider Sun Life Hong Kong, will mark the 77th anniversary of the fou
Egypt’s President Abdel Fattah al-Sisi on Wednesday received his Chinese counterpart Xi Jinping on his first visit to Cairo in a decade, as Beijing seeks a greater foothold in the region against the backdrop of the US-Iran war. The 21-gun salute at Cairo’s Ittihadiya Palace marked the st
Top performers BYD and Leapmotor clawed their way up higher in terms of sales last month, even as China’s electric vehicle (EV) market was shrinking amid weaker consumer demand. However, smaller players were expected to face falling sales and mounting losses for the rest of the year as competition g
Artificial intelligence demand and technological domestic substitution drove profit growth for Chinese listed companies to its fastest pace in four years in the first half of 2026, underscoring the nation’s “K-shaped” economic structure as it transitions away from credit-fuelled expansion. Profit fo
China’s tax authorities announced on Tuesday that the country would end the tax exemption for dividends earned by expatriates at foreign-funded firms, setting a 20 per cent rate effective immediately. The measures mainly target “interest, dividend and bonus income” for individual income tax purposes
Shenzhen, the southern Chinese city home to US-sanctioned telecoms giant Huawei Technologies and drone maker DJI, has seen an influx of investors and business leaders amid rising global interest in Chinese artificial intelligence and robotics. On Tuesday, the tech hub hosted investor conferences led
A Danish sculptor has written to a Hong Kong court asking for the return of his statue commemorating China’s 1989 Tiananmen crackdown, following the national security conviction of a group behind the city’s annual vigil mourning the incident. Jens Galschiøt, the artist behind the Pillar of Shame mon
Private investors in Asia, including family offices operating in Hong Kong, are showing a growing appetite for advanced medical technologies such as brain-computer interfaces and surgical robotics, as healthcare deal activity picks up across the region amid China’s biotechnology boom. “Asia is agein
China’s leading brokerages are accelerating their push overseas, pouring billions of yuan into their international arms as cross-border deals expand and profits from overseas operations grow, according to their latest interim reports. Citic Securities, one of China’s largest brokerages, saw revenue
Foreign investors boosted exposures to yuan-traded Chinese stocks by about a third in the second quarter, buying into companies tied to the artificial intelligence supply chain and China’s strategic green-energy industry. Global fund managers held a combined 10.1 billion shares in mainland-listed co
Chinese artificial intelligence company Z.ai on Monday reported a 400 per cent increase in first-half revenue, driven by explosive growth in its open platform and application programming interface business, which helped narrow total losses despite higher research and development spending. Revenue fo
PetroChina, China’s largest oil and gas producer, has announced that it is gradually restoring operations at its Middle Eastern projects after the US-Israeli war in Iran severely disrupted global energy flows this year. On Monday, the company reported a 22 per cent jump in first-half net profit to 1
China’s Xi Jinping and Iranian President Massoud Pezeshkian were in Kyrgyzstan for a summit of the Shanghai Cooperation Organisation, with Russia’s Vladimir Putin expected later on Monday for the two-day event that will involve over a dozen other leaders. The regional SCO bloc — wh
China’s six largest state-owned banks recorded their first simultaneous rise in first-half revenue and net profit since 2022, according to interim results released last week, as margins that had been under pressure for two years showed tentative signs of stabilising. Industrial and Commercial Bank o
[The content of this article has been produced by our advertising partner.] In cities around the world, the mechanics of local government often grind slowly: a pothole reported but not repaired, a noise complaint logged but unanswered, a maze of departments passing responsibility from one counter to
Fuelled by the recent bubble tea boom and an intensely competitive market, financial investors have shown growing interest in the sector’s major brands, shifting their playbook from early-stage bets and initial public offering subscriptions to full equity buyouts. Growth of mid to high single digits
China is building a global network of gold vaults and accelerating central bank reserve buying as part of efforts to promote the yuan’s role in international trade, according to an S&P Global Ratings report on Tuesday. Firms such as Zijin Mining – China’s largest gold processor – and Shandong Go