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Akeso’s new immunotherapy drug called ivonescimab allowed half of its patients to go 11.1 months without their condition worsening. Photo: Shutterstock

Business

Akeso shares slump despite second China approval for lung cancer drug

Chinese regulator grants second approval for lung cancer drug ivonescimab, which has outperformed Merck’s Keytruda in phase three trial.

Unitree leads influx of mainland companies eyeing IPOs in Hong Kong

China moves to protect economy from trade war, vows to hit 5% growth target

22

Business

Hong Kong’s lived-in home prices approach 9-year low amid US-China tariff war

Home prices in the secondary market have lost 1.7 per cent this year, dragging an official index to the lowest level since July 2016.

Advertisements showing lower secondary home prices outside a real estate agency in Quarry Bay in November 2023. Photo: Elson Li
Advertisements showing lower secondary home prices outside a real estate agency in Quarry Bay in November 2023. Photo: Elson Li

Banking & Finance

Why the London Metal Exchange’s Hong Kong warehouses are a big deal

The development marks a pivotal step in strengthening Hong Kong’s position as a strategic commodities hub in Asia, industry leaders say.

Banking & Finance

UK fund manager Schroders to invest more in Hong Kong, CEO says

‘When we think about where wealth is growing the fastest, it is in Asia,’ Richard Oldfield says.

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Markets

Hong Kong stocks edge up as Beijing economic briefing underwhelms

‘Wait-and-see approach’ among investors remains relatively strong without clear China stimulus measures, analyst says.

A view of Exchange Square in Central, home of the city’s bourse operator, on April 7, 2025.Photo: Jelly Tse
A view of Exchange Square in Central, home of the city’s bourse operator, on April 7, 2025.Photo: Jelly Tse

China Business

Exclusive | Spanish car-part supplier Gestamp eyes added China capacity as peers back off

‘We could be a very active player,’ executive chairman says at Shanghai Auto Show.

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Business

Hong Kong’s largest flex-office provider seeks deals with landlords

Partnering with International Workplace Group ‘makes a lot of sense to tap into growing demand for hybrid working’, CEO says.

Banking & Finance

Wall Street’s data-crunching skeptics sit out the turnaround trade

Wall Street’s skeptics see reason to doubt that Wall Street’s history of quick resurrections will repeat.

A trader on the floor of the New York Stock Exchange (NYSE) on April 21, 2025. Photo: AFP

Business

Hong Kong retail rents have further to fall amid spending dip

Leasing activity is strong as operators seize on bargain rents to upgrade, but shopping trends worry landlords, suppress investment.

Pedestrians cross a road in Causeway Bay, one of Hong Kong’s prime shopping districts, on April 20, 2025. Photo: Sun Yeung
Pedestrians cross a road in Causeway Bay, one of Hong Kong’s prime shopping districts, on April 20, 2025. Photo: Sun Yeung

Climate and energy

Crunch time for China’s solar panels as Trump’s 3,521% tariffs loom

Chinese firms have been exporting from offshore factories to beat US tariffs for a decade, and Washington is determined to shut the loophole.

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9

Big Tech

China’s delivery services market faces shake up as JD.com takes on Meituan

The fight escalated this week as both companies accused each other of blocking delivery riders from accepting orders from rival platforms.

China Business

Chinese tea hub Puer branches into coffee as tastes change

Officials have rolled out policies to improve production, attract investment, boost exports and encourage coffee tourism.

This photo taken on April 1, 2025, shows coffee plants in the foreground and rows of tea plants in the background at the Tianyuzhuang coffee plantation in Puer, in China’s southwest Yunnan province. Photo: AFP

Business

Investors pile into Hong Kong’s largest housing project since 1999

Sun Hung Kai Properties sold all 318 flats in the first batch of its Sierra Sea project in the New Territories.

Property sale the Sierra Sea project at the sales room of Sun Hung Kai Properties at ICC in West Kowloon on 26 April 2025. Photo: Jonathan Wong
Property sale the Sierra Sea project at the sales room of Sun Hung Kai Properties at ICC in West Kowloon on 26 April 2025. Photo: Jonathan Wong

Business

Ant pays US$362 million to buy Hong Kong retail broker Bright Smart

Ant Group agreed to pay HK$2.81 billion (US$362.2 million) for 50.55 per cent of Bright Smart Securities & Commodities Group.

Tech Trends

China life sciences-focused Dalton Venture expands operations to Hong Kong

The venture capital firm expects the size of its potential new fund in Hong Kong to range between US$103 million to US$129 million.

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Climate and energy

Crunch time for China’s solar panels as Trump’s 3,521% tariffs loom

Chinese firms have been exporting from offshore factories to beat US tariffs for a decade, and Washington is determined to shut the loophole.

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9
illustration by Lau Ka-kuen
illustration by Lau Ka-kuen

Tech Trends

From gifted student to AI hero, DeepSeek founder inspires a nation

Hailing from an obscure village in southern China, Liang Wenfeng has risen from humble roots to become a household name.

10

China Business

‘Extreme’ US-China decoupling could cost US$2.5 trillion, Goldman warns

Threat of decoupling emerged after Treasury Secretary Scott Bessent said delisting of US-traded Chinese companies was back on the table.

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15

China Business

Chinese EV makers face tariff dilemma as Beijing intervenes in go-global plans

China wants decisions by carmakers to be made strategically, prioritising geopolitically favourable countries, Trivium China’s Ries says.

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Cars ready for export are stacked at the Taicang port in Suzhou, in eastern China’s Jiangsu province. Photo: AFP
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OPINION
Anthony Rowley

Macroscope | A world economy on the brink could use some win-win cooperation

Anthony Rowley
Andrew Sheng

Opinion | Trump wants a great monetary reset. Where can the world hide?

Andrew Sheng
8
Nicholas Spiro

Macroscope | Trump threatening the Fed shows where political risks really lie

Nicholas Spiro
Kai He

Opinion | How to find a face-saving way out of the US-China trade war

Kai He
5
Zhou Xin

My Take | China’s tariff opportunity: US trade war could spur needed economic reforms

Zhou Xin
Ronny Tong

Opinion | How hard will Trump’s tariffs hit Hong Kong?

Ronny Tong
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MULTIMEDIA
Video

Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong

Chinese EV maker Xpeng CEO unveils newest vehicles in Hong Kong
01:58
Video

Asian stock markets fall as 104% tariffs target China

Stock markets in Asia resume slump as hefty US tariffs on China take effect
07:26
Video

How Alibaba.com is betting on AI to transform e-commerce

How Alibaba.com is betting on AI to transform e-commerce
11:13
Video

The small business concerns behind China’s ‘two sessions’

China’s ‘two sessions’: small businesses voice concerns as they face economic headwinds
03:22
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