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The rout in China's bond market is expected to drag on as investors take on more risk and rotate out of fixed income products in search of better alternatives amid low interest rates. The shift to stocks from bonds is even more notable, given China's sluggish economic data and a persistent deflationary trend, as investors seek greater returns, according to brokerages including Zhongtai Securities. Bonds are typically seen as safe-haven assets that can be used to hedge against weak growth. It is......

GCL Technology, one of China's largest solar panel raw materials makers, and Yunfeng Financial Group, plan to take advantage of Hong Kong's sustained stock market recovery to raise HK$6.6 billion (US$848.5 million) to fund their expansion. GCL agreed to sell 4.74 billion shares to Infini Capital Management, a Hong Kong and Abu Dhabi-based firm owned by Tony Chin, the Jiangsu-based maker of polysilicon and solar wafers said in a Hong Kong stock exchange filing on Tuesday. The selling price at......

Hong Kong stocks rose on Tuesday, tracking a Wall Street rally, as US President Donald Trump said he would speak with Chinese President Xi Jinping on Friday and the two countries agreed on a framework to keep TikTok operating in the US. The Hang Seng Index advanced 0.3 per cent to 26,525.55 as of 9.50am local time, adding to a 0.2 per cent gain a day earlier. The Hang Seng Tech Index added 0.8 per cent. On the mainland, the Shanghai Composite Index rose 0.2 per cent while the CSI 300 Index was......

Shares of Hesai Group, the world's largest supplier of lidar sensors, rose in their Hong Kong debut on Tuesday as investors tapped into the offering amid a slew of blockbuster deals in the city's listing pipeline. Trading under the code 2525, Hesai's shares opened at HK$229.20, a premium of 7.7 per cent to the offer price of HK$212.80 per share. The company sold 19.55 million shares, including 2.55 million shares through the full exercise of the offer size adjustment option, raising about......

American tech giants such as OpenAI and Nvidia are trying to “lock in” developers to their closed-source artificial intelligence ecosystems by open-sourcing tools in other layers of the tech stack, according to a report from Chinese fintech company Ant Group. While most leading US large language models are closed-source, Chinese players from Alibaba Cloud to TikTok-owner ByteDance have instead opted to “open-source” their models, meaning that developers can download and build on top of them. A......

Hong Kong's offshore yuan bond market is on track for a record-breaking year as some of mainland China's largest technology firms prepare for deals, underscoring the city's push to be a fundraising hub beyond equities. Chinese search-engine giant Baidu on September 9 said it would issue 4.5 billion yuan (US$618 million) in dim sum bonds, following a 10 billion yuan sale in March. Technology firms Meituan and Tencent Holdings were also reportedly weighing debt sales. Neither firm has made such a......

JPMorgan Chase will cut the weight of the largest bond issuers in its flagship emerging-market index, diverting investor flows from the likes of China and India towards smaller nations. The Wall Street bank will gradually lower the issuer cap on its GBI-EM Global Diversified index in the first half of 2026, according to a client notice seen by Bloomberg. The limit will fall to 9 per cent from 10 per cent currently, with the implementation to be phased over a period of several months, the......

Shares of China's domestic legacy chipmakers, including SG Micro and 3Peak, surged on Monday after Beijing's weekend announcement of an anti-dumping investigation into imported US semiconductors. The government's probe into imported “analogue integrated-circuit (IC) chips” – widely used in home appliances, machinery and electric vehicles – marked the first-ever anti-dumping probe into imported IC products as the country makes steady progress in developing domestic alternatives for these......

Hong Kong banks and brokers reported keen interest in the latest batch of Silver Bonds compared with last year after subscriptions opened on Monday. HSBC, the biggest of the city's three currency-issuing banks, said application volumes and values were higher compared with the first day of sales last year. “The share of digital submission continues to grow,” a spokesperson said. “Separately, around 30 per cent of the applicants are new investors in the Silver Bonds programme with us.” Futu......

Chinese tech giant Xiaomi will skip directly to the Xiaomi 17 smartphone series after last year's Xiaomi 15 line-up in a bold move to compete against Apple, which unveiled the iPhone 17 family last week. “The Xiaomi 17 series represents a generational leap in product capability,” said Lei Jun, the founder, chairman and CEO of Xiaomi, in a social media post on Monday. The new devices were “fully benchmarked against the iPhone and ready for head-to-head competition!” he added. Xiaomi has moved up......

Biotech exchange-traded funds (ETF) in Hong Kong are attracting local and global investors as Chinese pharmaceutical makers reap the dividends of research and development and narrow the gap with the US, according to China Asset Management (Hong Kong) (China AMC). With Hong Kong-traded Chinese stocks already enjoying a decent rally, investors were now looking for unique opportunities to beat the market, said Heidi Cai, head of international business at the asset manager. “Funds from the US are......

Chinese chipmaker Shanghai Fudan Microelectronics Group, which was blacklisted by the US government over the weekend, said its supply chain was resilient and that China was set to play a bigger role in tech innovation. The company said in a statement issued on Saturday that it had always operated in a “lawful and compliant manner” and adhered to international rules. Shanghai Fudan Microelectronics said it would remain “independent and controllable”, and continue to engage in “open collaboration”......

Contemporary Amperex Technology (CATL) surged in Hong Kong on Monday after JPMorgan Chase upgraded the stock, which extended a rebound for Chinese battery makers and inflated the premium of its Hong Kong shares over those that trade in Shenzhen. The US bank also predicted stronger demand for CATL's energy storage systems. CATL's Hong Kong shares ended the trading day 7.4 per cent higher at HK$465, the highest since its May listing, while its Shenzhen-listed shares closed 9.1 per cent higher at......

China's antitrust regulator said on Monday it found American semiconductor giant Nvidia in violation of the country's anti-monopoly law and would proceed with further investigation, an apparent response to escalating technology rivalry with the US. The State Administration for Market Regulation (SAMR) initiated a probe into Nvidia in December over suspected violations related to its US$6.9 billion acquisition of Israeli interconnect products and solutions provider Mellanox Technologies. The......

Xpeng, part owned by Volkswagen Group, has begun production in Europe in partnership with a contract manufacturer in Austria, as mainland Chinese electric vehicle (EV) makers make inroads into the continent and circumvent punitive tariffs. The Guangzhou-based carmaker said on Monday that it had started assembling the G6 and G9 SUVs at Magna Steyr's plant in Graz. Xpeng did not elaborate on its planned output, but added that cooperation with its partner would deepen over time. “[The roll-out]......

The release of two electric vehicle (EV) battery packs targeted specifically at the European market has brightened the earnings outlook for Contemporary Amperex Technol­ogy (CATL) whose market share jumped in China last month. Fujian-based CATL, the world's largest EV battery producer, delivered 26.45 gigawatt-hours (GWh) of batteries in August, up 26 per cent from the previous year. Its share of the domestic market hit 42.4 per cent for the month, up from 41.4 per cent in July, according to the......

Households continued to shift money into mainland China's US$12.7 trillion stock market last month, suggesting that a rally in equities has room to run, according to data published by the central bank. Deposits at non-banking financial institutions rose by 1.17 trillion yuan (US$164.3 billion) in August, marking a second month of increases after July saw an inflow of 2.15 trillion yuan, data from the People's Bank of China showed. The figure covers money parked at brokerages, mutual-fund......

China's new home prices extended a weak trend in August – falling 0.3 per cent month-over-month in 70 major cities – but showed a marginal improvement from a year earlier as state-led policies stabilised a persistently weak sector. New home prices have been sliding since April, 2022, on a year-on-year basis but the decline is showing signs of narrowing, according to data published by the National Bureau of Statistics on Monday. Prices fell 3 per cent year-on-year in August, compared with a......

Zijin Gold International said it was the world's fastest-growing gold producer, as the offshore unit of China's largest miner is poised to launch by Friday an initial public offering (IPO) in Hong Kong that could be the city's second-biggest sale this year. Average annual gold output grew 21.4 per cent every year between 2022 and 2024, making it the world's 11th biggest producer last year, the unit of Zijin Mining Group said in its IPO prospectus. The Hong Kong-based company produced 1.5 million......

The leaders of OpenAI and Nvidia plan to pledge support for billions of dollars in UK data centre investments when they head to the country next week at the same time as President Donald Trump, according to people with knowledge of the matter. The two companies are teaming up with London-based data centre business Nscale Global Holdings on the project, said the people, who asked not to be identified because the deliberations are private. OpenAI's Sam Altman and Nvidia's Jensen Huang are part of......