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A man passes a property agency in Mong Kok. Photo: Elson Li

Business

Hong Kong mortgage loans surge to 9-month high as new homebuyers seek financing

Financial institutions approved mortgage loan applications worth US$3.3 billion in February.

No respite in sight for Chinese developers as profits continue to slump

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Hong Kong climbs up the IPO league table to fourth as fundraising jumps fourfold

China Business

Hong Kong stocks retreat to 4-week low as more Trump tariffs loom

Investor jitters over tariffs set to be unveiled on April 2 outweigh a positive China manufacturing report.

People walk past Exchange Square in Central, home of bourse operator Hong Kong Exchanges and Clearing, on March 28, 2025. Photo: Matthew Miller
People walk past Exchange Square in Central, home of bourse operator Hong Kong Exchanges and Clearing, on March 28, 2025. Photo: Matthew Miller

Banking & Finance

JD Industrials, Unisound AI revive Hong Kong IPOs amid Chinese rush

Third time could be the charm for JD.com’s industrial unit, which may raise up to US$1 billion amid improved sentiment, a source says.

Big Tech

Microsoft shutters AI lab in Shanghai, continuing China retreat

The IoT & AI Insider Lab in the Zhangjiang hi-tech zone likely closed in January or February, nearby workers say.

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Tech Trends

Another Apple chip engineer returns to China to nurture next-generation talent

Kong Long left Apple after seven years, following the recent return of M4 CPU engineer Wang Huanyu to China.

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China is finding success in courting semiconductor talent back to the country. Photo: Reuters
China is finding success in courting semiconductor talent back to the country. Photo: Reuters

Tech Trends

Venture capital veteran Allen Zhu questions humanoid robots’ value

Zhu, who famously backed Didi Chuxing and RedNote, says early-stage venture capitalists should steer away from the embodied-AI sector.

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Banking & Finance

Hutchison says it is evaluating spin-off of global telecoms business

‘From time to time, the [group] receives proposals and explores and evaluates opportunities that may be available,’ Hutchison said in a statement.

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Banking & Finance

Chinese banks raise consumer loan rates from record low to protect margins

Banks will offer consumer loans at 3 per cent to boost their net interest margins, which hit a low of 1.52 per cent at the end of last year.

Chinese banks are lifting their consumer loan rates. Photo: AFP

Business

Rich buyers keep scoring Hong Kong luxury homes at stunning discounts

Plum properties sell for songs, but bargains may not last as demand for upscale homes is up 50 per cent from last year, agents say.

A view of residential buildings in Mid-Levels, Hong Kong on October 24, 2023. Photo: May Tse
A view of residential buildings in Mid-Levels, Hong Kong on October 24, 2023. Photo: May Tse

Banking & Finance

HSBC bets big on Hong Kong to tap Asia’s wealth-management boom: Elhedery

HSBC’s customers base increased to 6.2 million last year from 5.4 million, showing the importance of the city, Elhedery says.

Companies

Country Garden’s 2024 loss narrows amid tentative recovery signs

The loss attributable to shareholders stood at 32.8 billion yuan, compared with a record 178 billion yuan loss in 2023, according to an exchange filing.

Big Tech

Trump hints at a TikTok sale deal before April 5 deadline

A group consisting of Blackstone and ByteDance’s non-Chinese shareholders has emerged as front-running buyers.

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US President Donald Trump speaks at the White House on Wednesday. Photo: Abaca Press/TNS

China Business

China’s 4 top state-owned banks to raise US$72 billion from stock sales to boost capital

The fundraising comes after the National People’s Congress vowed earlier this month to recapitalise major state banks.

China Construction Bank is selling shares to the government to boost its tier-one capital. Photo: Reuters
China Construction Bank is selling shares to the government to boost its tier-one capital. Photo: Reuters

China Business

China to crack down on unfair EV price cuts to stabilise industry

China vows to combat unfair pricing and misinformation by EV players, as it aims to stabilise growth and profitability of the sector.

China Business

Shanghai’s luxury property market thrives while mass housing segment deteriorates

More than 60 per cent of the 4,110 new homes in China priced above 30 million yuan were sold in Shanghai last year, according to CRIC data.

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China EVs

Self navigating to the top: why China leads the global autonomous-driving race

After stamping their authority on EV technology, Chinese firms make strides in adding self-driving features.

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Illustration by Lau Ka-kuen
Illustration by Lau Ka-kuen

Banking & Finance

In SAFE hands: China’s secret plan for US$1 trillion reserves fund in Hong Kong

Cheng Hao, the man involved in the rescue of China’s 2015 market crash, runs what is the world’s third largest wealth fund in Hong Kong.

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Banking & Finance

China’s 4 golden flowers: how Beijing invests its US$3.2 trillion reserves

The State Administration of Foreign Exchange entrusts managers in four ‘overseas offices’ to diversify its reserves and maximise returns.

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Business

Nicholas Tse, Stanley Ho’s family face falling property value amid market slump

Macau tycoon Stanley Ho’s family is selling a site in Tsim Sha Tsui, while actor Nicholas Tse’s shop in Central rented out at a big discount.

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Mainland tourists are seen in Tsim Sha Tsui. Hong Kong’s retail sales fell 7.3 per cent last year. Photo: Yik Yeung-man
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OPINION
Anthony Rowley

Macroscope | World is ready to cut US dollar down to size – but not too quickly

Anthony Rowley
4
James David Spellman

Opinion | Trump’s executive orders will be no match for markets in grip of fear

James David Spellman
Bonnie Zuo

Opinion | China has what it takes to lead the global green steel revolution

Bonnie Zuo
Winston Mok

Opinion | China’s true talent in AI lies in making it safe to use

Winston Mok
Nicholas Spiro

The View | Why the future looks so promising for luxury property in Asia

Nicholas Spiro
John Pomeroy

Opinion | Asia is ground zero for the impact of global glacier loss

John Pomeroy
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MULTIMEDIA
Video

How Alibaba.com is betting on AI to transform e-commerce

How Alibaba.com is betting on AI to transform e-commerce
11:13
Video

The small business concerns behind China’s ‘two sessions’

China’s ‘two sessions’: small businesses voice concerns as they face economic headwinds
03:22
Video

Hong Kong-listed SenseTime to spin off healthcare platform

SenseTime plans to spin off healthcare platform in effort to capitalise on advanced LLMs
01:32
Video

How Sands China is driving Macau 3.0

How Sands China is driving ‘Macau 3.0’ with NBA Legends, better infrastructure
02:33
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