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Yulu Ao
Reporter, Business
Yulu Ao joined SCMP in 2022 as a business reporter. She previously covered business trends across the Greater Bay Area with topics including financial market, healthcare, aviation, etc. She holds a master's degree in journalism from the University of Hong Kong. Before moving to Hong Kong, she interned in different roles at several news agencies in mainland China.
Beijing Hongqiao Jinji Consulting, Chen Guodong and Tianjin Jincheng Enterprise have been given approval to convert their shares.
Baidu, Alibaba and Kuaishou jump following overnight gains in US-listed Chinese tech stocks.
In the sole positive metric in new official data, new-home prices in top-tier cities edged up by 0.1 per cent month on month in February.
Tech stocks regained traction as losses in the S&P 500 exceeded 10 per cent from its February peak.
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The benchmark Hang Seng Index endures longest losing streak in two months amid tit-for-tat tariffs and countermeasures.
Stocks capped the longest losing streak in two months even as Citigroup, Goldman retained their bullish views on Chinese equities.
‘A short-term fluctuation doesn’t equal a pullback, and markets might go up if there are new catalysts,’ CICC Research analyst says.
Regional markets slipped following an overnight US$1 trillion sell-off in the Nasdaq 100 Index of America’s biggest tech companies.
The Hang Seng Index drops below 24,000 as it gives up part of last week’s 5.6 per cent gain.
Strong results for Sun Hung Kai Properties and Henderson Land show improving sentiment after a stamp-duty cut, agents say.
US$33 million deal with Star Australia plants flag in the Queensland capital, which is preparing to host the 2032 Olympics.
Beleaguered developer seeks to capitalise on a tech-fuelled revival in the eastern city’s property market.
Shares of the Zhengzhou-based company rose by 43 per cent to HK$290 on Monday.
Approval comes after a UK court allowed the state-backed Chinese developer to reorganise US$3.72 billion of bonds.
Stocks erased earlier gains on Monday as technical charts showed the DeepSeek-led rally this year was overstretched.
Only a handful of Chinese cities have disclosed such purchases so far, many of them at a small scale.
The value of US-listed Chinese stocks in Bridgewater’s 13F filing fell by 23 per cent last quarter to about US$267 million.
Both the MSCI China Index and the Hang Seng Index have troughed and foreign long-only investors still have room to catch up: Morgan Stanley.
The developer is transferring an 18 per cent stake in its property management unit Onewo as collateral.
Stocks rise as enthusiasm for China’s tech sector outweighs risks brought by new US tariffs on steel and aluminium imports.
The outcome potentially paves the way for the company to prevail in a liquidation lawsuit in Hong Kong later this month.
The tariffs could slow China’s economic growth and lead the central bank to hold back on monetary policy easing, Goldman Sachs says.
Stocks rise on bets investors will look for cheaper options after DeepSeek’s popular low-cost AI model sparked a US$1 trillion tech rout.
New chairman’s state-linked background sends positive signals, but company’s fate still depends on a sales recovery, an analyst says.
UBS estimates US$236 billion of fund inflows in 2025 as a result of Beijing’s directive to funds to shore up the capital markets.
Earlier this month, developer released its first proposal to restructure as much as US$11.6 billion in liabilities.
Sunac and Shimao have received new liquidation petitions, while Country Garden and Times China face court hearings this month.
Analysts see destocking as a priority for Chinese authorities to stem another year of decline in home prices.
A hearing on the matter has been scheduled for March 19.
