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A cross-border wealth growth of “around 9 per cent annually is projected through 2030” for Hong Kong, according to BCG. Photo: Nora Tam
Banking & finance

Hong Kong beats Switzerland as world’s largest offshore wealth hub, BCG finds

City tops cross-border wealth on IPO surge and mainland China inflows, as Singapore and US trail in consultancy’s global rankings.

China trade

Exclusive | China’s date with Dutch trade minister on cards for early July: source

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China-EU relations

‘Champion’ of stability: why EU firms in China are finally feeling less gloomy

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Zijin Mining

China’s largest mining company poised for global top 3 status by 2028, says S&P

Ratings agency highlights Zijin’s project pipeline and cost discipline as the miner accelerates global expansion in copper and gold.

Zijin Mining’s outlook has been raised from “stable” to “positive”. Photo: Shutterstock
Zijin Mining’s outlook has been raised from “stable” to “positive”. Photo: Shutterstock
China jobs

China has a crucial edge in the global AI race: public optimism

Public attitudes towards AI are ‘strikingly positive’ in China, with only a small minority worried it will lead to fewer job openings, survey finds.

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China manufacturing

How China emerged as a major exporter of these ‘premium quality’ products

Food, fashion and cosmetics have helped turn the country into a force in the fast-growing multi-trillion US dollar market.

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China energy security

How China could benefit as US-Iran talks raise hopes of oil sanctions relief

Beijing’s support is seen as critical to peace negotiations – and analysts believe this could push Washington to relax sanctions on Chinese oil buyers.

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China’s imports of Iranian oil have fallen sharply in recent months, according to the US think tank Middle East Forum, citing data from commodity intelligence firm Kpler. Photo: Reuters
China’s imports of Iranian oil have fallen sharply in recent months, according to the US think tank Middle East Forum, citing data from commodity intelligence firm Kpler. Photo: Reuters
US-China relations

US investment returning? Chinese data shows double-digit growth in early 2026

Other rapidly growing sources of foreign direct investment included Luxembourg, Switzerland and France, Ministry of Commerce says.

China consumption

China sales hold up as European luxury brands warn of Iran war impact

While LVMH, Hermes and Prada recorded increased sales in Chinese market, Kering reported a decline.

Made in China 2025

China’s machinery giant XCMG eyes bigger scoop of global sales

State-owned firm banks on intelligent manufacturing, green technology, product integration and digital services to boost sales overseas.

A giant XCMG truck dwarfs other vehicles at the company’s customer festival in Xuzhou, in eastern China’s Jiangsu province, on May 19. Photo: Handout
China trade

Chinese traders in Iran keep business afloat as war capsizes naval shipping

Extended disruption caused by conflict has prompted Chinese merchants to turn to railway and land transport routes to trade goods.

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A China-Europe freight train prepares to depart from the China Kazakhstan (Lianyungang) logistics cooperation base in Jiangsu province. Photo: Costfoto/NurPhoto via Getty Images
A China-Europe freight train prepares to depart from the China Kazakhstan (Lianyungang) logistics cooperation base in Jiangsu province. Photo: Costfoto/NurPhoto via Getty Images
China education

‘Natural’ choice: why Unesco’s new STEM education centre is based in Shanghai

China is working with the UN agency to help the world’s least developed countries advance technical education and grow their talent pools.

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China manufacturing

China told the solar industry to cut capacity. Firms built new factories anyway

Beijing has been striving to rein in severe overcapacity in the solar industry. But the sector is still plagued by illegal facilities, an insider says.

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Hong Kong stock market

SpaceX share sale won’t drain Hong Kong IPO boom, JPMorgan says

Bank sees strong demand for Chinese AI, robotics and healthcare listings despite SpaceX’s projected record-breaking IPO in the US.

A SpaceX rocket lifts off at Kennedy Space Center in Florida. Photo: Reuters
China-Russia relations

Putin left China, with no pipeline deal. Why is the valve still closed?

Though this week’s China-Russia summit featured many agreements, none progressed the long-delayed Power of Siberia 2 natural gas pipeline.

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Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen
US-China trade war

China’s top trade negotiator urges Apec to grow economic pie, divide it fairly

At ministerial meeting in Suzhou, Li Chenggang urges representatives of 21 economies to ‘reject zero-sum thinking’.

China-EU relations

China overtakes US to become top foreign investor in Germany

Deteriorating transatlantic relationship and high energy and labour costs are making American firms think twice before moving into German market.

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Banking & finance

AIIB launches US$10 billion facility to help nations hit by Iran war fallout

The new facility will help nations deal with urgent energy, food and economic resilience needs, according to the bank.

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The Asian Infrastructure Investment Bank was launched by China in 2016 and is headquartered in Beijing. Photo: Xinhua
The Asian Infrastructure Investment Bank was launched by China in 2016 and is headquartered in Beijing. Photo: Xinhua
Belt and Road Initiative

China’s new US$10.7 billion canal near completion to boost Asean trade links

The Pinglu Canal – a US$10 billion waterway connecting China’s heartlands to the Gulf of Tonkin – will begin trial operations as soon as September.

US-China trade war

From mine to market: how China is closing critical mineral security gaps

New law coordinates control over the full supply chain as Beijing frames minerals as a national security priority.

China energy security

As Chinese supertankers cross Strait of Hormuz, is the crisis starting to ease?

Two Chinese tankers were among group of vessels transiting vital waterway on Wednesday, but was it a one-off or the start of a new trend?

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Ships and swimmers are seen in the Strait of Hormuz on Thursday. The strategic waterway has been largely closed to traffic since the Iran war began. Photo: WANA via Reuters
China trade

Asia-Pacific trade risks loom large as Apec official warns of protectionism

China is urged to evolve as a world buyer, ahead of ministers’ gathering in Suzhou where a raft of far-reaching trade issues will be discussed.

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Chinese-made vehicles wait to be exported at a port in Jiangsu province on April 27. Photo: AFP
Chinese-made vehicles wait to be exported at a port in Jiangsu province on April 27. Photo: AFP
China-Middle East relations

China breaks ground on Gulf aviation megaproject in shadow of Iran war

A state-owned firm has launched work on a massive aviation complex, signalling continued confidence amid regional conflict.

Yuan

China’s yuan hits 3-year high as global banks issue bullish forecasts

Beijing has set the yuan at its strongest level against the US dollar since early 2023, with banks projecting further appreciation.

Electric & new energy vehicles

China’s Chery plans for 1m EVs sold abroad amid global energy crisis

Anhui-based carmaker anticipates 27 per cent increase in foreign deliveries in 2026 as battery ranges improve and oil prices rise.

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Employees work on a factory production line for Chery’s electric vehicles in China’s Anhui province. Photo: Reuters
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