Shanghai – Charm – Daily News

AMD Fell 8% as China Unveils New Technology — the Real Risk Is the Multiple, Not the Lithography

11 hours ago07 mins

China’s breakthrough in domestic chipmaking equipment sparked a major semiconductor sell-off, dragging down Advanced Micro Devices, Inc. (NASDAQ:AMD) despite strong fundamentals. An announcement from a manufacturing facility in Shanghai on July 27, 2026, caused a severe summer downturn for the AI semiconductor market. State-supported Shanghai Aishengna reported the production of homegrown immersion deep ultraviolet (DUV)…

HKU president Xiang Zhang to step down in 2028 at end of second 5-year term

4 days ago02 mins

The University of Hong Kong’s (HKU) president and vice-chancellor Xiang Zhang has announced that he will be stepping down in 2028 after completing a second five-year term, according to an email seen by the South China Morning Post. In the email, sent to the university community in the early hours of Monday, Zhang described the…

Black Lake CEO’s strategy to sell AI solutions to factories: turn to food couriers

4 days ago02 mins

When Zhou Yuxiang, founder and CEO of Shanghai-headquartered Black Lake Technologies, wanted to sell his artificial intelligence (AI) automation solutions to millions of family-run factories across China, he came up with an unconventional strategy: hiring food delivery workers to make sales. His entire sales team, hired from various industrial cities, survived a gruelling five-day boot…

Hong Kong student Angel Lau at a cotton field in Xinjiang. Photo: Angel Lau

Xinjiang growing as tourist destination for Hongkongers amid travel sector push

6 days ago02 mins

Hong Kong student Angel Lau Yin-kwan, 16, has wanted to visit China’s Xinjiang Uygur autonomous region for some time, to learn more about the birthplace of her favourite mainland Chinese actress, Dilraba Dilmurat. Before embarking on a seven-day northern Xinjiang learning tour in early July under the Solar Project, organised by public broadcaster RTHK, Lau…

Hong Kong exchange’s biggest reform in 8 years opens gates to more IPOs

7 days ago02 mins

Stock exchange operator Hong Kong Exchanges and Clearing (HKEX) will allow all listing applications to remain confidential and will reduce market-capitalisation requirements for listings by start-ups and international firms immediately, it announced on Friday. Confirming a report by the South China Morning Post, HKEX will proceed with confidential filing as it proposed in March in…

'China Shock 3.0': CXMT as part of China's efforts to grab global tech market share

CXMT is sparking fears of a cash drain before blockbuster IPO

1 week ago07 mins

CANADA – 2026/05/23: In this photo illustration, the CXMT (ChangXin Memory Technologies) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images ChangXin Memory Technologies’ massive listing is stoking fears that its market debut could pull cash from Chinese equities, as…

Opinion | Hong Kong must wake up to the cold hard geopolitics of AI

1 week ago03 mins

Officials talking about artificial intelligence (AI) often speak in terms of the next industrial revolution or existential risks. Such rhetoric ultimately does little to capture how AI filters into the ordinary workings of a city like Hong Kong. The geopolitics of AI are no longer abstract. They are beginning to shape who can use which…

President Xi Jinping delivers a speech at the opening of the 2026 World Artificial Intelligence Conference in Shanghai. Photo: Xinhua

Hong Kong can serve as a ‘launch pad’ for AI firms, finance chief Paul Chan says

2 weeks ago02 mins

Hong Kong should serve as a hub for the commercialisation of artificial intelligence and as a strategic base for mainland Chinese AI companies expanding overseas, the city’s finance chief has said, while noting the risks and challenges of the technology. Financial Secretary Paul Chan Mo-po’s comments followed a speech on Friday by Chinese President Xi…

Is Hong Kong kicking the can down the road with ride-hailing quota?

2 weeks ago02 mins

Taxi trade leader Chau Kwok-keung says he has never felt as much fear as he does now after transport minister Mable Chan set a 10,000-vehicle cap for ride-hailing service permits in May, in a bid to resolve what she called a “long-standing controversy” between traditional cabs and online service providers. Chau, a 40-year veteran of…

Are HSBC shares set for a turnover bump owing to Hong Kong’s board-lot reform?

3 weeks ago03 mins

Brokers expect HSBC Holdings, a staple in the portfolios of Hongkongers, to see a large increase in interest from both local and international investors, as the stock’s minimum trading unit is set to change as part of the stock exchange’s board-lot reform process. Investors have long sought the change for the stock – known as…