China Business - South China Morning Post
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China Business - South China Morning Post
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China Business - South China Morning Post
A daily podcast
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Episodes of China Business
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Elevated premiums and price fluctuations of ETFs tracking the Nasdaq and S&P 500 indices lead to warnings from many fund managers.
The fund is investing in the future of Hong Kong and creating a platform for an innovative ecosystem, says CEO of the government’s investment arm.
The effort adds to the growing momentum of protectionism against Chinese companies as its cheaper goods threaten local producers.
Hong Kong stocks rise on growing expectations of a US rate cut later this year with electric vehicles makers posting gains as EU member countries were divided on whether to back additional tariffs on Chinese-built electric vehicles.
Secondary-market sales in Beijing, Shanghai and Shenzhen hit a 14-month high in June, but new home sales slumped further on delivery angst.
The 3 million yuan (US$412,460) yuan annual salary limit will be applied to all state-backed financial institutions, sources say.
Hong Kong has seen enterprise AI adoption in chatbots and customer services, as well as in performance insights and alerts, according to a recent survey.
China filed more than 38,000 patents related to GenAI from 2014 to 2023 compared with more than 6,000 from the US, according to the UN’s IP agency.
With on-demand delivery the latest front in China’s e-commerce war, Taobao is using Alibaba’s Ele.me and Freshippo to expand its offerings in the category.
The World Artificial Intelligence Conference in Shanghai will feature innovations that could help China narrow the gap with the United States in the technology’s development.
Xianyu, also known as Idle Fish, has launched a new feature allowing users to hire themselves out for part-time jobs.
Huawei is selling the trademark of EV brand Aito to its Chinese carmaking partner Seres, as it moves to enhance its role as a systems and know-how supplier.
Tesla remains the world’s largest pure electric vehicle (EV) maker for the second straight quarter but BYD
Two separate lawsuits were filed earlier this year against the investment arm of HNA Group, which defaulted on a US$200 million bond in 2021.
The total assets of all licensed banks in the city last year rose by 2.7 per cent to HK$23 trillion (US$2.94 trillion), according to KPMG.
Sentiment appears to be stabilising after the recent consolidation, analysts say. Strong southbound buying, which has already topped the total inflow for the whole of 2023, continues to support the market.
The Biden administration is taking to new measures to thwart Huawei, which has started to rebound despite US sanctions.
Chinese fintech giant Ant Group spins off database firm OceanBase, giving Alibaba affiliates a stake
A shareholder restructuring for OceanBase, which develops the database tech behind Alipay, gives 35 companies a stake, paving the way to a possible public listing
With standards in place, AI is expected to ‘profoundly change industrial production and economic-development patterns’ in the country, according to the draft policy.
Tencent said its focus on speeding up network communications to access idling GPU capacity resulted in a 20 per cent improvement in LLM training.
‘Even with intervention, changing the incentive for investors seeking stable yield could prove challenging,’ Natixis analyst says.
Macallan, Geodis, Biren Technology and Uisee are among the 322 companies that set up or enhanced their businesses in Hong Kong in the first half, a 43 per cent year on year jump, InvestHK says.
China’s efforts to woo foreign investment continue, as an official invited business from Japan at a meeting where both countries mourned the victims of a knife attack believed to be aimed at Japanese students.
JD.com is said to be taking full control over the operation, logistics and after-sales services of its Jingxi low-price shopping platform.
Companies from the Middle East, Asia and Europe in particular are looking at Hong Kong, says the Swiss bank, after a push by Chief Executive John Lee Ka-chiu to promote the city’s fundraising credentials abroad.
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