14 h. ago China Just Blinked: Xi Moves to End Price Wars Wrecking Global Markets

China Just Blinked: Xi Moves to End Price Wars Wrecking Global Markets  Yahoo

Economics

24 h. ago Split in Hong Kong, London’s fortunes is about more than stock markets

In global equity markets, the performance gap between London and Hong Kong has widened dramatically. Once one of the world’s most liquid stock markets, the London Stock Exchange (LSE) has haemorrhaged listings during the past decade and exposed deep-seated problems in Britain’s capital markets. In the first half of this year, fundraising from initial public offerings (IPOs) in London fell to the lowest level since 1995. Hong Kong, by contrast, has staged an extraordinary revival that propelled...

Politics

5 d. ago ‘It’s harder for us’: young Chinese struggle to compete in harsh UK job market

After finishing her master’s degree in education last December, Harley Hu began looking for a full-time job in the United Kingdom. The search proved to be far more gruelling than she had expected. “I sent out maybe 200 or 300 CVs,” the 25-year-old told the Post. “It took half a year to find something stable.” After six months of juggling part-time work as a Chinese language tutor, Hu has now secured a full-time role in teaching. But the job only provides a temporary respite, as her employer does...

Politics

7 d. ago Cochlear takes fast lane as it brings new hearing device to Chinese market

With a growing number of Chinese affected by hearing loss, an Australian implant maker is leveraging the special medical tourism zone in Hainan to provide faster access to its latest device. Cochlear introduced its new smart system in China in June, making the country one of the first global markets to launch the technology – through Hainan, the southern island province, and Hong Kong. Introducing it via the Boao Lecheng international medical tourism pilot zone has meant patients can receive...

Politics

7 d. ago Will China’s latest vow to tackle solar panel oversupply have desired impact?

China has vowed to reduce excessive competition and oversupply in its solar photovoltaic (PV) industry, which is continuing to explore global markets. Industry and Information Technology Minister Li Lecheng told 14 representatives from solar PV manufacturers and industry associations on Thursday that the “industry must be governed in accordance with laws and regulations, and disorderly low-price competition should be comprehensively addressed”, the ministry said in a statement released after...

Politics

9 d. ago TikTok Shop launches in Japan as app faces uncertainty in US

TikTok has launched its e-commerce platform in Japan, enabling users to directly buy products featured in videos, as the app continues to face an uncertain future in the US. TikTok Shop’s launch in Japan on Monday confirms the Post’s earlier report that the popular short-video app is seeking to diversify its global footprint while reducing its reliance on the US market, as President Donald Trump has demanded the app’s US operations be sold to American investors. Trump said in an interview with...

Politics

1 week ago China remains a vital market, manufacturing base for many US firms: US economist

China remains a vital market, manufacturing base for many US firms: US economist  Global Times

Economics

2 w. ago Will Guangdong’s plan for a domestic version of Canton Fair pay off?

Southern China’s Guangdong province will launch a “domestic trade version” of the Canton Fair – the country’s largest import and export fair – to help export-oriented companies tap into the domestic market amid weak external demand and rising global trade uncertainties. The initiative is a key component of a work plan released by the provincial government on Tuesday that aims to strengthen “domestic circulation” – a strategy focused on boosting China’s economic self-reliance by building a robust...

Politics

2 w. ago Decoding the future of China’s C919 jet in a shifting aviation landscape

The C919, China’s first indigenous narrowbody jet, embodies Beijing’s progress in pursuing technology self-sufficiency and holds the potential to reshape the global aviation market, but it faces a host of difficulties in challenging established giants Boeing and Airbus. In the latest China Future Tech webinar, Jason Li Hanming, a US-based aviation analyst, along with SCMP reporters Frank Chen, William Zheng and moderator Ralph Jennings, discussed questions surrounding the home-grown Chinese...

Politics

2 w. ago How unique US advantages are fuelling Trump’s reckless behaviour

If there is one theme that has dominated financial markets since US President Donald Trump began his second term, it is the future of “American exceptionalism”. This is the notion that US assets deserve to be valued more highly because of the US dollar’s role as the world’s pre-eminent reserve currency, America’s huge natural and human resources, deep and transparent capital markets and the dominance of US technology companies in global stock market indices. Some investment strategists believe...

Politics

2 w. ago OpenAI: Zhipu AI is fuelling China’s global push for US tech alternatives

OpenAI said its analysts found that Chinese artificial intelligence (AI) start-up Zhipu AI had made “notable progress” in providing infrastructure solutions to governments and state-owned firms in non-Western markets, as Beijing seeks to strengthen its global leadership in the rapidly evolving technology. In a post on Wednesday, the ChatGPT maker, which has previously urged Washington to support US companies in their competition with Chinese rivals, said Zhipu represented “China’s answer” to...

Politics

2 w. ago Hong Kong’s strengths in bridging East and West amid trade war: finance chief

Hong Kong’s finance minister has dismissed concerns that foreigners are avoiding the city because of its strong connections to the mainland Chinese market amid the trade war, saying that investors are showing their confidence with their capital. At the “Summer Davos” forum on Wednesday, Financial Secretary Paul Chan Mo-po said Hong Kong’s strengths lay in giving investors priority access to the mainland market while helping businesses across the border to go global and diversify their supply...

Events

2 w. ago Hong Kong’s strengths lie in bridging East, West amid trade war: finance chief

Hong Kong’s finance minister has dismissed concerns that foreigners are avoiding the city because of its strong connections to the mainland Chinese market amid the trade war, saying that investors are showing their confidence with their capital. At the “Summer Davos” forum on Wednesday, Financial Secretary Paul Chan Mo-po said Hong Kong’s strengths lay in giving investors priority access to the mainland market while helping businesses across the border to go global and diversify their supply...

Events

2 w. ago Li Qiang pledges to make China ‘massive’ consumer market to drive global growth

This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Get faster notifications on the latest updates by downloading our app. Chinese Premier Li Qiang is scheduled to give the keynote speech at the Annual Meeting of the New Champions, also known as “Summer Davos”, in the northern port city of Tianjin on Wednesday morning. The world’s second-largest economy has largely withstood the tariff war launched by US...

Politics

2 w. ago Global economy jitters grow after Trump’s Iran strikes, Strait of Hormuz fears

Surging uncertainty in the Middle East has clouded the outlook for global markets, with analysts warning that a potential shutdown of the Strait of Hormuz could send crude prices higher, intensify US inflation and complicate the Federal Reserve’s rate-cut plans. Gold stands to benefit more directly from geopolitical shocks, while Chinese assets could remain relatively shielded, they added. “Looking ahead, we cannot rule out a rise and recurrence of risk aversion,” the China International Capital...

Politics

3 w. ago Overcapacity: the economic buzzword fuelling Europe’s clash with China

In a soulless conference room in Brussels in November, officials and experts from around Europe and the United States were locked in a technical debate over a cryptic bit of economic jargon: global non-market overcapacity. Beneath the geography-free legalese so common in Brussels, China was undoubtedly the subject. The conference, organised by the European Commission, was designed to thrash out solutions to the problem of overcapacity in China’s economy and the second-order effects Europe...

Economics

3 w. ago Hong Kong to be Chinese companies’ launch pad in Shanghai pact

Mainland Chinese companies will use Hong Kong’s capital market as the launch pad for their global growth, according to an action plan signed on Wednesday with Shanghai to connect the premier onshore commercial city with the nation’s offshore financial hub. The two cities will expand the decade-old connect programme linking the stock markets of Shanghai and Hong Kong with more equities, bonds, exchange-traded funds (ETFs) and gold, as well as working on cross-border settlements and uses of the...

Politics

3 w. ago China Clean Expo 2026: Leveraging China's Booming Cleaning Market for Global Opportunities

China Clean Expo 2026: Leveraging China's Booming Cleaning Market for Global Opportunities  Yahoo Finance

Politics

3 w. ago CX Briefing: Beijing Pledges More Support for Property Market

CX Briefing: Beijing Pledges More Support for Property Market  Caixin Global

Politics

3 w. ago China’s robotics market set to double in four years: Morgan Stanley

China’s robotics market is set to grow at an annual rate of 23 per cent to US$108 billion by 2028 from US$47 billion in 2024, solidifying the country’s dominant position in the fast-developing sector, according to a research note published by Morgan Stanley on Monday. China’s share of the global robotics market was about 40 per cent last year, according to the report by Hong Kong-based analysts Sheng Zhong and Chelsea Wang. A specific forecast for China’s market share by 2028 was not...

Politics