The Shanghai Gold Exchange opened its first offshore warehouse in Hong Kong on Thursday, a move that is likely to bolster the international trading of its contracts. The vault witnessed several transactions of spot gold contracts after it became operational, according to a statement from Bank of China (Hong Kong), which runs the warehouse. Analysts…
A senior executive from Contemporary Amperex Technology (CATL), the world’s largest producer of batteries for electric vehicles (EVs), urged authorities on the mainland to intervene in the price war that is roiling the market for new energy cars. Ni Jun, CATL’s chief manufacturing officer, on Wednesday said the brutal discount war would not end if…
A blistering recovery in Hong Kong’s initial public offering (IPO) market this year has delivered a bonanza for investors, with returns above 30 per cent bucking a sluggish economy and languid property market. Holding new shares from the 34 companies that have pulled off offerings in 2025 would generate an average return of 34 per…
In Suzhou, eastern China’s Jiangsu province, the start-up Magic Lab specialises in full-sized humanoid robots designed to interact with people and work in factories – just one example of the Yangtze River Delta region’s transformation into a national innovation hub. “More than 90 per cent of the components, including critical parts like torque motor joints,…
Challenges and volatility will persist despite a renewed trade truce between the US and China, Hong Kong’s finance chief has warned, as he outlined his strategy to enable the city to navigate continued geopolitical uncertainties. In a media interview last Friday, Financial Secretary Paul Chan Mo-po also revealed his goal for the city to overtake…
Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. Getty Images | Getty Images News | Getty Images Asia-Pacific markets plunged Monday, after the United States’ attack on three nuclear sites in Iran raised oil prices and investors’ fears of an…
Yum China, the company behind chains such as KFC and Pizza Hut, introduced an artificial intelligence (AI) agent for store managers on Friday, aligning with the restaurant industry’s broader push towards AI adoption to enhance efficiency. The assistant, named Q-Smart, was an AI-powered management system that enabled natural language interactions with store managers through wireless…
Chinese media outlet Yicai reported that Tesla Shanghai, Shanghai authorities and China Kangfu International Leasing Co. held a signing ceremony Friday for the project. Tesla announced Friday that it signed an agreement to build its first grid-scale energy storage power station project in mainland China. The project will help with the flexible adjustment of grid…
A company boss in China set up 252 tables for his daughter’s grand wedding, then refused to pay the 520,000-yuan (US$72,000) bill. A pork vendor, surnamed Wang, in eastern China’s Zhejiang province said the boss of a local company, surnamed Qian, commissioned him to prepare food for his daughter’s wedding banquet in April. Wang said…
China has “no fundamental conflict of interest” with New Zealand, President Xi Jinping told New Zealand Prime Minister Christopher Luxon in Beijing on Friday while calling for the constructive management of differences. “Both sides should adhere to mutual respect, seek common ground while acknowledging differences, and correctly view and manage their differences and disagreements,” Xi…