SCMP Tech & Innovation
When Wang Junhong was helping Chinese brokerage Guotai Junan International establish a foothold in Vietnam, he had to knock on the door of a familiar Chinese bank. As part of the Hong Kong-based firm’s expansion into Southeast Asia, it had acquired a controlling stake of a small Vietnamese securitie
SCMP Business
Chinese printed circuit board maker Suzhou Dongshan Precision Manufacturing Co failed to excite retail investors in Hong Kong, making it one of the least popular mega initial public offerings (IPOs) in the city so far this year. Bookbuilding closed as scheduled on Friday, with preliminary figures sh
SCMP Hong Kong
Hong Kong recorded its highest-ever temperature for the traditional Chinese calendar’s “Frost” solar term on Friday, with the weather forecaster warning of a very dry weekend ahead. The Hong Kong Observatory said the temperature reached 32.1 degrees Celsius by 2.30pm. Frost, the 18th of the Chinese
SCMP Business
This article was first published by The Korea Times in a partnership with the South China Morning Post. Chinese humanoid robot makers are accelerating efforts to gain a foothold in South Korea, moving beyond dance performances and showroom displays to factory trials and commercial deployments, as Se
SCMP Tech & Innovation
China has unveiled a revised rule for regulating outbound investment, requiring investors to report major adverse developments more diligently, including foreign demands to hand over technology or dispose of stakes. The new rule, announced by the National Development and Reform Commission (NDRC) on
SCMP Hong Kong
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. Honduras targets Chinese shops, st
SCMP Business
Chinese stocks extended their sell-off on Friday, pushing the benchmark CSI 300 index deeper into bear-market territory, as fading hopes for fresh stimulus and a global retreat from artificial intelligence-related trades rattled investor sentiment. The CSI 300 fell 1.7 per cent to 3,964.48 as of 10.
SCMP Business
Hong Kong’s top banking regulator has called for greater innovation in the city’s financial system to help address “pain points” in the real economy, as the city works with mainland Chinese and Asia-Pacific partners to navigate a host of sustainability, geopolitical and other challenges. “True innov
SCMP Business
Thursday marked the deadline for Chinese taxpayers to make outstanding tax payments tied to offshore trusts as the government chases new funding sources to help ease fiscal strains. Investors face a 20 per cent tax based on the initial value of assets placed in trusts and a 20 per cent tax on distri
SCMP Hong Kong
A growing interest among Hong Kong women in an anti-ageing injection containing human tissue has prompted a recent crackdown by health authorities, as the product, widely known in Chinese as the “cadaver skin jab”, has not been registered for use in the city. The South China Morning Post examines wh
HK Free Press
Taiwan has been waiting months for US President Donald Trump to approve a $14 billion sale of weapons and equipment, which the island democracy would use to fend off a potential Chinese attack. Washington — Taipei’s most important security backer — has sold many billions of dollars
HK Free Press
Five people in Taiwan were charged on Wednesday for allegedly attacking a Taiwanese stand-up comedian after he criticised the Chinese Communist Party, prosecutors said. Taiwan has accused China of growing transnational repression targeting critics on the island, which Beijing claims is part of its t
SCMP Business
Tesla has agreed a deal to integrate Chinese fintech giant Ant Group’s Alipay digital payment software into its vehicles in China, as Elon Musk’s firm steps up efforts to offer localised smart features amid intense competition in the Chinese market. The agreement, signed on Tuesday, will see Tesla r
SCMP Business
The US government’s latest ban on Chinese artificial intelligence start-up DeepSeek could have a chilling effect on the wider American business community and deter companies from adopting low-cost Chinese AI models, industry experts say. The US Department of Homeland Security (DHS) ordered federal c
SCMP Business
From October 22, China’s grace period for the disclosure and settlement of certain offshore-trust tax liabilities ends. For the Chinese government, this deadline highlights its desire to affirm control over capital outflows, while for Chinese high-net-worth families, it serves as a reminder that it
SCMP Business
Chinese artificial intelligence start-up DeepSeek has fully open-sourced an internally developed framework designed to run AI models efficiently, as a senior researcher at the company described the growing divide between open-source and closed-source AI as a battle between “light and darkness”. The
SCMP Business
Chinese pharmaceutical companies are ramping up global expansion and the sector, set to sustain rapid growth with the upcoming third-quarter earnings releases, could see a further lift in market sentiment, analysts said. In the first three quarters, domestic innovative drugs accounted for 80 per cen
SCMP Business
Chinese battery giant Contemporary Amperex Technology Limited (CATL) has recorded a surprise slowdown in third-quarter net profits, as analysts warned the company could be hit by slowing demand from China’s electric car industry next year. The world’s largest electric vehicle battery maker posted a
SCMP Business
Chinese carmakers, facing a European Union import quota targeting their hybrid electric vehicles (EVs), are gearing up for more local production to reinforce their go-global drive. They plan to either splash out billions of yuan to set up their own factories or tap international marques’ idle plants
HK Free Press
The US government on Monday ordered its agencies to stop using artificial intelligence tools from Chinese startup DeepSeek, as the countries race for dominance in the fast-moving sector. A notice from the Department of Homeland Security announced the ban on products developed by DeepSeek — and
SCMP Business
US-born Hong Kong actor and filmmaker Daniel Wu Yin-cho has launched a furniture brand as the latest endeavour to cash in on his long-built fame in the Chinese market. Wu, 52, has stepped back from acting in recent years and Arox, the name of his furniture brand, marks his latest business foray. The
SCMP Business
Although the Chinese government imposed a 20 per cent tax on rental income and capital gains derived from overseas properties transferred into offshore trusts by mainland residents, agents said these investors remained a key driver of the Hong Kong property market. China’s Ministry of Finance and th
SCMP Hong Kong
Giant pandas, open-top bus rides, a Chinese cooking class, traditional opera, a harbour cruise, the Big Buddha, and The Peak are among the highlights of a packed social programme for VIPs attending this week’s meeting of Apec finance ministers in Hong Kong, the South China Morning Post has learned.
HK Free Press
Taiwan said on Sunday it had driven away 16 Chinese coast guard, research and fishing vessels involved in simultaneous “maritime harassment” operations. An “unusually large” number of Chinese vessels took part in the coordinated operations around Taiwan’s main island an
SCMP Business
When shoppers step into Rokid’s brand new flagship store in Hong Kong, they are greeted not by eager sales associates, but by glowing monitor screens and a robotic system waiting at the exit. In what the Chinese augmented reality (AR) gadget pioneer called an experiment in “no man’s land” retail, cu
SCMP Hong Kong
Ng Hon-mun, an influential leftist educator and former Hong Kong deputy to the National People’s Congress, has died at the age of 100. His death was confirmed on Sunday by former chief executive Leung Chun-ying, who is also a vice-chairman of the National Committee of the Chinese People’s Political
HK Free Press
By Emily Wang With China’s economy still struggling to recover from the pandemic, even global fashion icons are beginning to feel the pinch as consumers turn instead to the second-hand market or buy upstart new homegrown brands. Chinese were once massive buyers of luxury Western brands, accoun
HK Free Press
By Pierre-Henry Deshayes Chinese-made cars filmed sensitive information during a Norwegian military exercise, including access codes at secure sites and officials’ comings and goings, raising concerns about the risks posed by connected vehicles. During a security exercise at Oslo airport on Se
SCMP Hong Kong
Hong Kong police have arrested two men over their alleged involvement in at least six break-ins across Kowloon over the past three months, with total losses amounting to HK$1.7 million (US$216,629). The pair – a 54-year-old mainland Chinese man and a 34-year-old Hong Kong resident – were arrested se
SCMP Business
International investors will keep an eye on a forum next week for clues from China’s regulators on how they plan to further open its financial markets, after Visa’s long-awaited approval fuelled hopes for deeper participation in the world’s second-largest economy. Regulators could announce more meas