3 h. ago Ant Group pledges focus on tokenisation, not cryptocurrency ‘hype’

Ant Group has distanced itself from the business of issuing cryptocurrencies, pledging to focus on tokenisation to support the “real economy”, as the Chinese fintech giant strives to maintain a delicate balance between technological advancement and regulatory compliance. “Ant Group will not issue cryptocurrencies, nor participate in any form of the hype,” CEO Cyril Han Xinyi said during the Inclusion Conference on the Bund in Shanghai on Thursday. “Ant is focused on building technological...

Politics

4 h. ago Overseas university students to be among 6,000 riders in Hong Kong’s Cyclothon

University students from mainland China and overseas will be among the 6,000 riders invited to join Hong Kong’s annual Cyclothon, which is returning in November. “The Hong Kong Cyclothon is a prime example of our city’s growing importance on the global sports stage,” said Tourism Board Chairman Peter Lam Kin-ngok on Friday. “It offers a unique cycling experience that showcases our ability to blend sport with tourism.” Registration for the Sun Hung Kai Properties Hong Kong Cyclothon will open on...

Politics

4 h. ago 361 Degrees pioneers digital payments under Hong Kong’s new regime

One of China’s biggest sportswear makers, 361 Degrees International, said it will adopt stablecoin payment and settlement for its overseas operations, becoming one of the first mainland retailers to make such a move as it seeks overseas expansion. The Xiamen-based company said in a Hong Kong stock exchange filing on Thursday that it planned to use stablecoins in transactions outside mainland China, covering offline stores, e-commerce sales, supply chain services and digital ecosystem...

Politics

4 h. ago 361 Degrees pioneers stablecoin payments in overseas businesses

One of China’s biggest sportswear makers, 361 Degrees International, said it will adopt stablecoin payment and settlement for its overseas operations, becoming one of the first mainland retailers to make such a move as it seeks overseas expansion. The Xiamen-based company said in a Hong Kong stock exchange filing on Thursday that it planned to use stablecoins in transactions outside mainland China, covering offline stores, e-commerce sales, supply chain services and digital ecosystem...

Economics

7 h. ago Outlook clears for Hong Kong property with rate cuts imminent: JPMorgan

The worst seems to be over for Hong Kong’s property sector, with more investors likely to snap up distressed assets in the coming months and home sales set to continue improving as the market anticipates faster interest-rate cuts, according to a JPMorgan researcher. The city’s real estate industry had been battered, with several listed property developers seeking to renegotiate the terms of loans, said Karl Chan, head of Hong Kong property research at the US investment bank. However, there was...

Politics

8 h. ago China’s C909 jet, Apple’s iPhone Air, Hong Kong’s talent ranking: 7 highlights

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. China’s aircraft maker Comac wins one of its biggest overseas orders for C909 jets Chinese-made aircraft are set to spread their wings further in Southeast Asia after Air Cambodia announced what could become the largest ever overseas...

Politics

8 h. ago US church sues Hong Kong school, iPhone Air hits snag in China: 7 highlights

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. China’s aircraft maker Comac wins one of its biggest overseas orders for C909 jets Chinese-made aircraft are set to spread their wings further in Southeast Asia after Air Cambodia announced what could become the largest ever overseas...

Events

11 h. ago Synopsys earnings hit by China tariffs, export restrictions, CEO says

Synopsys earnings hit by China tariffs, export restrictions, CEO says  Fox Business

Economics

15 h. ago Japan winds down Russia outreach as geopolitical rifts eclipse soft power aims

Tokyo will close all six of its government-funded Japan Centre offices in Russia – long tasked with promoting trade, language education and business ties – citing major changes in bilateral relations and the view that their mission has run its course. While Japanese officials framed the move as a functional decision, analysts say it reflects a broader shift in Tokyo’s posture towards Moscow driven by the war in Ukraine, mounting pressure from Western allies and recent police raids on Japanese...

Politics

15 h. ago China’s bull run tests Beijing as it aims to guide US$12 trillion stock market

Stunning gains in Chinese stocks are testing regulators’ ability to manage the ascent, as Beijing seeks to fulfil its long-standing goal of positioning the nation’s US$12 trillion equity market as a steady source of household income that can support consumer spending and economic growth. As the property market remains in the doldrums, eroding the wealth of Chinese investors who are sitting on a record 160 trillion yuan (US$22.5 trillion) in bank savings, the stock market has become a focus of...

Economics

23 h. ago Foreign Tier 1 ADAS Suppliers in China Industry Research Report 2025 | Three Core Paths for Foreign Enterprises to Transfer to NOA

Foreign Tier 1 ADAS Suppliers in China Industry Research Report 2025 | Three Core Paths for Foreign Enterprises to Transfer to NOA - ResearchAndMarkets.com  Business Wire

Politics

23 h. ago ‘We will win’: Hong Kong International School hits back at US church suing it

The operators of a top Hong Kong school have hit back at a US-based church that is suing them for alleged breach of contract for “serving only the rich”, expressing confidence that they will win the lawsuit while defending their institution as serving the international business community, not the wider public. They also said their relationship with the head of the Lutheran Church – Missouri Synod (LCMS), which co-founded Hong Kong International School (HKIS), had been cordial until 2022, when...

Events

25 h. ago Chinese firms may face limits on stablecoin activity in Hong Kong: Report

Chinese firms may face limits on stablecoin activity in Hong Kong: Report  Cointelegraph

Politics

29 h. ago Surge in Africa’s China imports prompts calls to tackle trade deficit

Surge in Africa’s China imports prompts calls to tackle trade deficit  African Business

Politics

31 h. ago AI agents to replace humans as basic unit of a company, Lee Kai

Artificial intelligence agents are emerging as an instrument of transformation in the workforce, with the potential to replace humans in traditional roles, according to computer scientist Lee Kai-fu, founder and CEO of the Chinese start-up 01.AI. “The basic unit of a company will evolve from a human being to an AI agent,” Lee said on Thursday at a summit on disruptive technologies hosted by Swiss bank UBS. AI agents are software apps that use AI to autonomously execute tasks and achieve goals on...

Politics

31 h. ago AI agents to replace humans as basic units of a company, Lee Kai

Artificial intelligence agents are emerging as an instrument of transformation in the workforce, with the potential to replace humans in traditional roles, according to computer scientist Lee Kai-fu, founder and CEO of the Chinese start-up 01.AI. “The basic unit of a company will evolve from a human being to an AI agent,” Lee said on Thursday at a summit on disruptive technologies hosted by Swiss bank UBS. AI agents are software apps that use AI to autonomously execute tasks and achieve goals on...

Politics

31 h. ago AI agents to replace humans as basic units of a company, Kai

Artificial intelligence agents are emerging as an instrument of transformation in the workforce, with the potential to replace humans in traditional roles, according to computer scientist Kai-Fu Lee, founder and CEO of the Chinese start-up 01.AI. “The basic unit of a company will evolve from a human being to an AI agent,” Lee said on Thursday at a summit on disruptive technologies hosted by Swiss bank UBS. AI agents are software apps that use AI to autonomously execute tasks and achieve goals on...

Politics

31 h. ago Ports, Politics, and Power: The Messy Reality of China’s Overseas Port Investments

Ports, Politics, and Power: The Messy Reality of China’s Overseas Port Investments  War on the Rocks

Politics

33 h. ago Chinese stocks on buy list for 90% of US investors: Morgan Stanley

US investors are showing the highest level of interest in Chinese stocks in five years, and their return to China’s market is just “starting” despite some lingering reasons for caution, according to Morgan Stanley. More than 90 per cent of investors had “explicit willingness to increase their exposure to China’s market, the highest level since early 2021 when China’s equity market peaked”, the US bank said in a report on Thursday. They were especially interested in areas such as humanoid...

Economics

34 h. ago While Trump Fiddles, China declares Eurasia Open for Business at At Shanghai Cooperation Org. Summit

While Trump Fiddles, China declares Eurasia Open for Business at At Shanghai Cooperation Org. Summit  Informed Comment

Politics