SCMP Nachrichten

 

Mainland Chinese and Hong Kong stocks advanced on Wednesday, tracking overnight gains on Wall Street, as renewed optimism over a potential resumption of US-Iran talks eased geopolitical concerns and dragged oil prices lower. Hong Kong's Hang Seng Index rose 1 per cent to 26,136.71 as of 9.50am local time, extending a 0.8 per cent gain on Tuesday. On the mainland, all major benchmarks traded higher, with both the CSI 300 Index and Shanghai Composite Index climbing 0.4 per cent. The ChiNext Index......

For Hong Kong's 3.3 million PayMe users, everyday transactions such as buying coffee or splitting bills with friends could soon involve stablecoins, with HSBC preparing to introduce the digital currency in the second half of this year. That comes after HSBC Holdings, together with a Standard Chartered-led joint venture, became the first to obtain a stablecoin issuer licence from the Hong Kong Monetary Authority on Friday, marking a breakthrough in the city's digital finance development. HSBC,......

Chinese robotics companies are increasingly banking on quadruped robots as major revenue drivers, a trend highlighted by AgiBot's recent decision to spin out its four-legged robotics unit into a new subsidiary called AgiQuad, and Amap's coming launch of a quadruped model. The move by AgiBot was intended to drive large-scale growth so that the unit would not “live in the shadow of the humanoid robot giant”, Qiu Heng, chief operating officer of the new subsidiary, said at a media briefing last......

Mainland buyers are playing an increasingly prominent role in Hong Kong's housing market rebound, supported by a stronger yuan, rising rents and an influx of new arrivals shifting from tenants to homeowners. Transactions involving mainland buyers rose 53 per cent year on year to 3,882 units across the primary and secondary markets in the first quarter, according to Midland Realty, citing Land Registry data. The value of those purchases jumped 93 per cent to HK$42.7 billion (US$5.5 billion). The......

[The content of this article has been produced by our advertising partner.] Hong Kong is adopting a digital approach to tax administration, with the Inland Revenue Department (IRD) gradually rolling out electronic filing (e‑filing) for profits tax returns. This shift is part of a wider initiative to modernise tax compliance, simplify administrative processes, and strengthen oversight, particularly for businesses with increasingly complex structures. Who is required to e‑file? The initial phase......

Chinese energy storage firm Sigenergy has ignited a market frenzy with its initial public offering (IPO) plan in Hong Kong, drawing an oversubscription of over 1,000 times, while its listed peer Guoxia Technology enjoyed a rally, as the duo capitalise on the artificial intelligence boom. Shanghai-based Sigenergy, which aims to raise HK$4.4 billion (US$561.6 million) in its IPO, is expected to be 1,414 times oversubscribed, as retail investors borrowed HK$358.6 billion from 17 brokerages,......

Tesla's Shanghai Gigafactory, its largest production base, has the potential to build humanoid robots in future, the company's China president says, with its manufacturing efficiency and innovative capability seen as potential drivers of CEO Elon Musk's hopes of commercialising the technology swiftly. Allan Wang Hao said in a media briefing on Tuesday that the Shanghai Gigafactory could provide a “golden key” to the mass production of robots designed to resemble and move like humans. “Like other......

Tesla's Shanghai Gigafactory, its largest production base, is poised to build humanoid robots in future, relying on its manufacturing efficiency and innovative capability to advance CEO Elon Musk's hopes of commercialising the technology swiftly. Allan Wang Hao, China president of Tesla, said in a media briefing on Tuesday that the Shanghai Gigafactory would provide a “golden key” to the mass production of robots designed to resemble and move like humans. “Like other Tesla factories, Giga......

China's world models are benefiting from early integration with the country's strong industrial base, which gives the domestic ecosystem greater momentum than that of the US, according to an executive at a leading Chinese world model start-up. World models simulate 3D environments and physical dynamics, and are expected to help train the next generation of physical artificial intelligence applications, including robots and autonomous vehicles. Wang Xiaofeng, an algorithm partner at GigaAI, said......

Chinese chip start-up Dishan Technology has achieved a breakthrough in designing a 2-nanometre artificial intelligence chip, according to local media reports. Shanghai-based Dishan, which focuses on the development of high-performance computing chips and sensor chips, was now in the crucial prototype verification stage for its first 2nm AI graphics processing unit (GPU), the Shanghai Morning Post reported recently. The GPU was unveiled by the company last July. The company then said it had......

Investors are betting on a diplomatic solution to end the US-Israel war on Iran, even after peace talks fell apart over the weekend. Initial fears about an escalation of the war after the US naval blockade of the Strait of Hormuz quickly faded, with US equities staging a dramatic comeback on Monday, erasing nearly all of the losses incurred by the S&P 500 index since the start of the conflict. Asian stocks followed suit on Tuesday, with key equity benchmarks from Japan to Hong Kong rebounding to......

Just over 1,400 of one of the world's rarest primates, the white-headed langur, remain in the wild. The slender, long-tailed animals, which eat leaves, shoots and fruit, and measure about 60cm (2ft) in height, are at risk from hunting, logging and uncontrolled fires caused by land clearance. Protecting the species – categorised as critically endangered on the International Union for Conservation of Nature's Red List of Threatened Species – involves tracking where it goes, how it behaves and any......

China is gaining from America's trillion-dollar artificial intelligence spending spree despite Washington's efforts to curb Chinese technology ties, as the US data centre boom ripples through Asian technology supply chains, according to research by Oxford Economics. Roughly US$2 trillion worth of data-centre projects are planned or under way in the US, according to a report by the consultancy, with as much as three-quarters of the cost tied to equipment such as semiconductors and servers. That......

Chinese companies – from sectors as diverse as bubble tea, budget retail and cars – are expanding their presence in Brazil, with analysts saying the robust trade ties between China and Latin America's biggest economy could help pave the way for further investment. Mixue Group, known for its affordable ice cream and beverages, opened its first Brazil outlet on Saturday, drawing large crowds in Sao Paulo, the country's largest city. The opening marked its third store in the Americas after......

As part of a public trial held by the Shenzhen Intermediate People's Court, China Evergrande Group founder and former chairman Hui Ka-yan admitted guilt and expressed remorse over a set of charges including embezzlement of corporate assets and corporate bribery, according to a statement issued by the court. The trial was held on Monday and Tuesday, and the court will issue its judgement at a later date. More to follow ......

Artificial intelligence, the expansion of the middle class and continued trade growth are set to underpin global economic expansion despite prolonged conflict involving Iran, according to the chairman of HSBC Holdings. Hong Kong was expected to play a central role in that trajectory, given its status as a wealth management hub, trading centre and key connector between mainland China and global markets, Brendan Nelson said at the bank's Global Investment Summit on Tuesday. The lender's flagship......

Asia's technology industry is bracing for longer and deeper disruptions from the Middle East turmoil as analysts warn that prolonged hostilities could throttle semiconductor production and the buildout of artificial intelligence data centres. The Strait of Hormuz, which carries about a quarter of global seaborne crude oil trade and 20 per cent of liquefied natural gas (LNG) shipments, remained effectively closed after US President Donald Trump said he would block the channel following the......

Hungary's prime minister-elect Peter Magyar has said his goal is to provide a level playing field to all foreign companies, instead of outgoing leader Viktor Orban's system which favours South Korean and Chinese firms. At a press conference on Monday, Magyar also urged a “short transition period” and vowed to review “opaque” deals and contracts signed during Orban's 16-year rule, signalling scrutiny of international partnerships, including those with China. Magyar, commenting on the general......

Printed circuit boards (PCBs) – unsung core components in all electronic devices – are emerging as the latest source of excitement in China's chip supply chain, as domestic companies capitalise on surging global demand for artificial intelligence infrastructure to pursue share listings. Victory Giant Technology, a PCB supplier to US chip champion Nvidia, kicked off bookbuilding in Hong Kong on Monday for an initial public offering (IPO) that aims to raise up to HK$17.49 billion (US$2.2......

Governments, industry and the public are in “common ignorance” about the present and future of artificial intelligence, making both international collaboration and coordination between industry and policymakers necessary, experts have said. In a panel discussion at the inaugural Hong Kong Global AI Conference at the University of Hong Kong (HKU) on Saturday, Alibaba Group Holding policy lead Fu Hongyu said that China was now at the front lines of global efforts to introduce guardrails......