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The commercial insurance formulary covers some medicines that are not yet eligible for reimbursement under the country’s National Reimbursement Drug List. Photo: Shutterstock
Made in China 2025

China’s new drug insurance: lifeline for patients or squeeze on big firms?

New insurance formulary trims costs of Alzheimer’s and cancer therapies and marks a small win for global novel drug makers.

Electric & new energy vehicles

Xpeng, Li Auto given approval to test ‘hands-off’ L3 cars amid slowing market

Artificial intelligence

Chinese expert calls for world models and safety standards for embodied AI

Artificial intelligence

Why Nvidia chip is unlikely to derail ambitions of China’s Huawei, Moore Threads

China’s huge demand for AI computing power leaves room for growth for both US and domestic chips, analysts say.

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Nvidia’s H200 artificial intelligence processors will give China a much-needed boost in computing power. Photo: Shutterstock
Nvidia’s H200 artificial intelligence processors will give China a much-needed boost in computing power. Photo: Shutterstock
Artificial intelligence

Arm China, RabbitPre among mainland Chinese firms expanding in Hong Kong

Arm China is among the fifth batch of companies brought to Hong Kong by OASES, which has so far drawn more than 102 firms.

China stock market

Investors brace as Beijing’s policy huddle tests China’s stock rebound

With China’s stock rally fading, markets are pinning their hopes on the Central Economic Work Conference for signs of clearer policy support.

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Hong Kong

Crypto exchange Gate weighs Hong Kong licence return amid high compliance costs

Hong Kong’s policies pose some difficulties and covering the cost of operating locally is difficult, founder and CEO Lin Han says.

Lin Han, founder and CEO of cryptocurrency exchange Gate. Photo: Handout
Lin Han, founder and CEO of cryptocurrency exchange Gate. Photo: Handout
Blockchain

Chinese industry bodies issue RWA tokenisation warning amid Beijing’s crackdown

This was the mainland associations’ first warning to members as Chinese authorities have explicitly targeted RWA tokenisation.

Cryptocurrency

HashKey’s IPO seeks US$300 million under shadow of Beijing’s regulatory scrutiny

HashKey is likely to debut on the Hong Kong stock exchange within the next two to three months ‘if it receives adequate investor interest’.

Robotics

Tsinghua University sets up research institute in push for robotics talent

The Institute for Embodied Intelligence and Robotics will be led by Zhang Tao, director of the university’s automation department.

Tsinghua University’s Institute of Embodied AI and Robotics will integrate resources from its different schools. Photo: Shutterstock
Robotics

Chinese schools offer ‘embodied intelligence’ courses to aid robotics industry

Shanghai Jiao Tong University and Zhejiang University are among seven schools that plan to offer ‘embodied intelligence’ as a new major.

Beijing Institute of Technology plans to recruit 120 students for the first batch of the embodied intelligence course. Photo: Shutterstock
Beijing Institute of Technology plans to recruit 120 students for the first batch of the embodied intelligence course. Photo: Shutterstock
Fintech

Does tokenisation in China risk a repeat of the P2P lending crisis?

Tokenisation provides value, but the interest of multilevel marketers raises ‘genuine concerns’, forum speaker says.

Fintech

Hong Kong reaps the fruits of fintech seeds sown nearly 10 years ago

Hong Kong’s rise as a fintech hub is due to the concerted regulatory push, with the city competing with Singapore for regional leadership.

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Romoss

China’s proposed new regulations on power banks worry producers and consumers

The proposed rules will significantly raise the bar for ‘safe’ power banks, potentially banning them from plane cabins.

Current regulations only permit power banks with China Compulsory Certification to be brought onboard domestic flights. Photo: Shutterstock Images
Artificial intelligence

DeepSeek, Alibaba researchers endorse China’s AI regulatory framework

China’s AI regulatory framework is taking shape as its open-source systems gain popularity worldwide, according to paper.

China has transformed from a follower to a leader in AI governance, according to one of the paper’s authors. Photo: EPA
China has transformed from a follower to a leader in AI governance, according to one of the paper’s authors. Photo: EPA
TikTok

TikTok names former Boeing executive as US public policy chief

Ojakli, who previously oversaw government affairs at Ford Motor and Softbank, will begin his new role December 1.

Robotics

UBTech humanoid robots to patrol China-Vietnam border crossings

The initiative features the industrial-grade Walker S2, billed as the world’s first humanoid robot capable of replacing its own battery.

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Robotics

China’s robotics twin stars join national committee to shape industry standards

Unitree’s Wang Xingxing and AgiBot’s Peng Zhihui have been appointed to the Standardisation Technical Committee for Humanoid Robots.

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Unitree founder Wang Xingxing (left) and AgiBot co-founder Peng Zhihui have been named to China’s new robotics standardisation committee. Photo: Handout
Unitree founder Wang Xingxing (left) and AgiBot co-founder Peng Zhihui have been named to China’s new robotics standardisation committee. Photo: Handout
Fintech

Hong Kong’s tokenisation drive set to boost treasury centres, investments

Tokenisation could increase the efficiency of corporate treasury centres, which help clients manage global finances, market players say.

Fintech

China ‘cements global AI leadership’ as Hong Kong builds niche as innovation hub

Beijing’s state-led strategy is among governance models shaping AI competitiveness worldwide, think tank Deep Knowledge Group says.

China consumption

Shanghai dreams of a new era of ‘AI restaurants’. But can diners stomach it?

The Chinese city aims to pioneer a new age of ‘smart dining’, where automated kitchens, robot servers and data-driven menus are the norm.

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A server robot waits tables at a restaurant in China’s eastern Zhejiang province. Automation is rapidly spreading in China’s vast catering sector, with Shanghai aiming to accelerate the rollout of new technologies. Photo: Xinhua
US-China relations

From reusable rockets to deep-sea dives: how China closes tech gap on the West

China sees outer space and the polar regions as ‘strategic new frontiers’ vital to its future security – and is investing accordingly.

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Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen
DeepSeek

China’s DeepSeek makes rare comment, calls for AI ‘whistle-blower’ on job losses

Remarks by CEO Liang Wenfeng’s delegate highlight potential dangers of race to build superintelligent systems.

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China manufacturing

Why ‘little giants’ thrive in China’s manufacturing hub Jiangsu

Small but highly specialised and innovation-driven companies are enabling the nation’s technology self reliance drive.

Semiconductors

Nvidia CEO says no ‘active discussions’ on selling Blackwell chips to China

‘It’s up to China when they would like Nvidia products to go back to serve the market,’ Nvidia founder and CEO Jensen Huang says.

NVIDIA CEO Jensen Huang says he looks forward to China changing its policy on the US company’s chip business. Photo: Reuters
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