4 d. ago Hong Kong IPO pipeline swells as Chinese tech listings lure global investors

More than 200 companies are awaiting approval for initial public offerings (IPOs) in Hong Kong, with about half coming from the technology sector, according to Hong Kong Exchanges and Clearing (HKEX) CEO Bonnie Chan Yiting. “Recently, many international long-term investors have actively participated in the IPO subscriptions of technology and innovation companies, reflecting strong global interest in China’s tech sector,” she said at HKEX’s Future Tech Summit on Friday. In the first eight months...

Economics

5 d. ago Cambricon shares slump 14%, the most in 7 months, as investors lock in gains

Cambricon Technologies, the artificial intelligence chipmaker dubbed “China’s Nvidia”, tumbled on Thursday as investors took profit from one of the mainland’s most frenzied stock rallies this year. Shares of the Shanghai-listed company sank as much as 16 per cent before closing 14.4 per cent lower at 1,202 yuan, the steepest single-day decline since January 16. The stock lost 84 billion yuan (US$11.8 billion) in market capitalisation. The sharp sell-off also erased 6.9 per cent from the...

Economics

8 d. ago Tesla sees exodus of South Korean retail investors as crypto’s allure rises

South Korea’s retail investors are losing faith in Tesla’s stock, ramping up their selling last month amid growing disillusionment with the electric carmaker and rising interest in cryptocurrencies. Individual investors in South Korea sold a net US$657 million of Tesla stock in August, the largest outflow since at least early 2023, according to Bloomberg calculations of depository data. Investors have instead favoured even more volatile bets such as Bitmine Immersion Technologies, seen as a...

Economics

1 week ago Can China’s US$22 trillion savings and global investors propel markets higher?

In the second instalment of the two-part series on the outlook for the Hong Kong and mainland Chinese stock markets, Zhang Shidong and Yulu Ao look at the catalysts that could underpin the rally. Read part one here When Chinese stocks hit a 10-year high this week, Jian Shi Cortesi saw it as a sign that the rally could continue as overseas investors returned to the nation’s onshore and offshore equities, which are worth a combined US$20 trillion. The Switzerland-based investment director at GAM...

Economics

1 week ago China’s retail investors armed with US$22 trillion are key to markets’ fortunes

In the second instalment of the two-part series on the outlook for the Hong Kong and mainland Chinese stock markets, Zhang Shidong and Yulu Ao look at the catalysts that could underpin the rally. Read part one here. When Chinese stocks hit a 10-year high this week, Jian Shi Cortesi saw it as a sign that the rally could continue as overseas investors returned to the nation’s onshore and offshore equities, which are worth a combined US$20 trillion. The Switzerland-based investment director at GAM...

Economics

1 week ago China’s ‘little Nvidia’ warns investors of risks after stock gains 533% in year

Beijing-based AI chipmaker Cambricon Technologies, widely seen as a potential alternative to Nvidia in the Chinese market, has issued a rare warning about supply chain risks and excessive speculation in its shares, which have gained 533 per cent in the past 12 months. The company’s Shanghai-listed stock nearly doubled in the last month on a wider rally fuelled by China’s favourable policy support of local artificial intelligence chips and a new AI model from DeepSeek tailored for upcoming...

Events

2 w. ago South Korean investors ride China’s tech wave with big stock buys in 2025

Since buying stock in China’s robotics firms over the last year – companies emerging as global industry leaders – David Choi, a South Korean investor in his early 30s, has been riding a wave of strong gains. He is not alone. Many South Korean investors have begun exploring positions in Chinese equities, particularly in rapidly growing arenas like tech. “Those who follow what’s going on in the tech industry already see how fast China has been developing on many fronts,” said Choi, who works in...

Economics

2 w. ago Pure gets US$50 million financial lifeline from investors, sources say

Pure, the Hong Kong gym chain frequented by the city’s financial elite, has secured commitments for new funding to help it pay down debt, according to people familiar with the matter. The gym operator, which tends to lease large spaces in premium locations in the city, is set to receive more than US$50 million from investors including Primavera Capital and some existing shareholders, such as FountainVest Partners, as soon as paperwork is completed, the people said. The new funds, in the form of...

Economics

2 w. ago China’s rise in biotech could lower healthcare costs, investor says

China’s rise in biotech innovation offers the world a potentially cheaper alternative to costly healthcare products from Western suppliers, but geopolitical tensions remain a major challenge for the country’s globalisation efforts, according to a local investor in the sector. “We can lower the cost of healthcare and benefit more people through technological innovation and efficiency improvement,” Da Liu, managing director of CR-CP Life Science Fund, said in an interview with the Post earlier...

Economics

3 w. ago No Ukraine deal for Trump, Putin; Chinese investors in Athens: 5 weekend reads

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 1. Trump, Putin leave Ukraine war summit with no deal – as it happened 2. Chinese researchers lodge concerns over US debt as Beijing limits exposure 3. How Chinese investors quietly transformed Athens – one visa at a time 4. Chinese ‘vertical dramas’ are booming in America. Should Hollywood be...

Politics

3 w. ago Trump and Putin meet in Alaska, hospital scandal in China: 5 weekend reads

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 1. Trump, Putin leave Ukraine war summit with no deal – as it happened 2. Chinese researchers lodge concerns over US debt as Beijing limits exposure 3. How Chinese investors quietly transformed Athens – one visa at a time 4. Chinese ‘vertical dramas’ are booming in America. Should Hollywood be...

Politics

3 w. ago How Chinese investors quietly transformed Athens – one visa at a time

China has changed the Greek capital in both visible and less obvious ways. On the one hand, authentic Chinese restaurants – from spicy hotpot to Cantonese cha chaan teng – have sprung up in central Athens, where many patrons speak the northeastern Chinese dialect and work for China Ocean Shipping Company, an industry giant managing Europe’s fifth-largest port. On the more discreet side, Chinese buyers have snapped up thousands of flats in a rush to apply for the Greek investor residency scheme,...

Economics

4 w. ago Former Hong Kong bank manager guilty of HK$21 million fraud of Japanese investors

A former manager at Standard Chartered Bank has admitted to helping an illegal syndicate deceive Japanese investors into pouring more than 400 million yen (US$2.7 million) into projects in Africa, following an investigation by Hong Kong’s anti-corruption agency. The Commission Against Corruption (ICAC) said on Monday that Leung Ho-yin, a former relationship manager at the bank, had pleaded guilty to two counts of conspiracy to defraud. The watchdog first investigated the corruption report and...

Economics

4 w. ago Hong Kong bank manager guilty in HK$21 million fraud against Japanese investors

A former manager at Standard Chartered Bank has admitted helping an illegal syndicate deceive Japanese investors into pouring more than 400 million yen (US$2.7 million) into projects in Africa, following an investigation by Hong Kong’s anti-corruption agency. The Independent Commission Against Corruption (ICAC) said on Monday that Leung Ho-yin, a former relationship manager at the bank, had pleaded guilty to two counts of conspiracy to defraud. The watchdog first investigated the corruption...

Economics

4 w. ago SoftBank selects banks for US IPO of payments app amid tech rebound

SoftBank Group has selected investment banks to help organise a potential initial public offering (IPO) in the US for its Japanese payments app operator PayPay, according to two people familiar with the matter. The banks leading preparations for the listing were Goldman Sachs, JPMorgan Chase, Mizuho Financial Group and Morgan Stanley, the sources said. The PayPay offering may raise more than US$2 billion from investors when it takes place, which the sources said could be as soon as the final...

Economics