China's CATL reported third-quarter net profit of 21.2 billion yuan, up 14.5 per cent year-on-year, missing analysts' forecasts of 41.2 per cent growth. Revenue rose 58.6 per cent to 165.2 billion yuan, also below expectations, as competition in the EV battery market intensifies.
China Mobile's net profit fell 7.9 per cent year-on-year to 106.2 billion yuan in the first three quarters. Operating revenue declined 1.8 per cent to 780.3 billion yuan. The firm said it would advance AI and computing integration.
London Metal Exchange CEO Matt Chamberlain has pledged to support use of the yuan, citing many Chinese players active on the market. The LME allows clearing in dollars, euros, yen and sterling, but yuan is only for cash collateral. Chamberlain said the "RMB project" would help London as an offshore
Prudential Financial will sell its Brazil and Mexico units to France's CNP Assurances Group for US$4.03 billion in cash, as the US insurer narrows its geographic footprint. The deal is expected to close in the second half of 2027.
Volkswagen's partnership with Xpeng has failed to revive its China business, with the ID. UNYX 08 selling just 267 vehicles a month after launch, far below the 3,622 monthly target. The German automaker's China profits have plunged from nearly 50 per cent of group profits to about 10 per cent, promp
Jiangsu Slender West Lake Culture and Tourism has shelved its global offering and proposed a main board listing on the Hong Kong Stock Exchange, citing current market conditions. The company said underwriting agreements for the international and Hong Kong public offerings will not proceed, though it
Suzhou Dongshan Precision Manufacturing has launched bookbuilding for its Hong Kong listing, aiming to raise up to HK$10.67 billion. The Shenzhen-listed firm is offering 113.8 million H shares at up to HK$93.8 each, with trading expected to begin on October 28. Proceeds will fund new and upgraded pr
The Bank of Japan may lift its inflation outlook for the next fiscal year in forecasts due this month, citing rising oil prices, but is expected to keep rates steady at its October 30 policy meeting unless the yen slides further, sources said. The board will likely maintain its focus on inflationary
Hong Kong stocks fell 1.32 per cent on Tuesday, with the Hang Seng Index closing at 23,867 points, dragged by tech heavyweights and UK bank tax fears. Lenovo plunged nearly 10 per cent, while HSBC and Standard Chartered dropped after reports of a planned UK levy.
Changzhou Micro-Intelligence, China's top industrial-robot maker, launched its Hong Kong IPO on Tuesday to raise up to HK$799.9 million. The firm offers 37.28 million shares at HK$16.63 to HK$21.46 each, with trading expected to start on 28 October. Proceeds will fund R&D.
Fairwood (0052) forecasts net profit of HK$32 million to HK$34 million for the six months to 30 September 2026, a 140 to 160 per cent year-on-year increase. The restaurant operator credits product innovation, data-driven promotions, AI analytics for store openings, and sustainable cost optimisation.
The APEC Finance Ministers' Meeting has driven hotel occupancy in Hong Kong's core districts to near saturation, with peak rates of 98 per cent on Hong Kong Island and 95 per cent in Tsim Sha Tsui, according to Miramar Group's chief operating officer. Average room rates on the island have surpassed
Hong Kong stocks edged lower by midday, with the Hang Seng Index down 0.95 per cent to 23,956 points. Lenovo led losses, plunging 7.56 per cent, while mainland benchmarks were mixed.
HSBC is searching for a new chief executive for its asset management business to replace Nicolas Moreau, according to Bloomberg. The bank has approached potential candidates, as the unit manages US$928 billion in assets.
OpenAI is rushing to secure about US$30 billion in funding before rival Anthropic's expected market debut in mid-November, aiming for a valuation above US$1.4 trillion. The accelerated timetable reflects competition for similar investors and a desire to avoid comparisons with Anthropic's financial d
A union representing Micron Technology workers in Taoyuan, Taiwan, will strike on Thursday during a mediation meeting with the US chipmaker, escalating a bonus dispute. The action aims to pressure Micron for a concrete profit-sharing proposal, with about 15,000 employees affected across two faciliti
US stocks closed mixed on Monday as technology shares rallied, with the Nasdaq up 1.1 per cent while the Dow fell 0.1 per cent. Amazon and Tesla led gains, though Meta and Apple declined. Investors await Tesla and Meta earnings later this week.
Wall Street's Nasdaq led gains on Monday as chip and AI-related stocks recovered from last week's steep selloff, though investors remained cautious ahead of major tech earnings. The S&P 500 rose 0.42 per cent while the Dow slipped, as oil prices climbed on Middle East attacks.
Tesla has filed its proxy statement with the US SEC, seeking shareholder approval to re-elect Elon Musk, Robyn Denholm and JB Straubel to three-year terms at the December 3 annual meeting. The filing also details Musk's unearned $1 trillion performance award and a new retail voting framework develop
Hong Kong-listed Metis TechBio has signed a collaboration with Eli Lilly worth up to US$1.1 billion to develop tissue-specific drug-delivery technologies using its AI-driven platform. Metis will receive an upfront payment and milestone fees, plus tiered royalties on net sales of resulting products.
The Bank of England is looking into a complaint that Barclays traders misrepresented illiquid private credit loans to understate risk, the Financial Times reported. The Prudential Regulation Authority received the complaint earlier this year about how Barclays recorded derivatives used to finance su
China's securities regulator will prioritise capital market stability as global market interconnection grows, chairman Wu Qing said on Monday. The CSRC will strengthen risk monitoring, improve stabilisation mechanisms and guard against emerging risks, while advancing reform of the STAR Market and Ch
The yuan strengthened against the US dollar on Monday to its highest level in more than four years, after China's third-quarter economic growth of 4.5 per cent beat forecasts and reduced pressure for aggressive stimulus.
China's new home prices in 70 major cities fell 2.8 per cent year on year in September, narrowing from August, according to Reuters calculations based on official data. Month on month, prices dipped 0.1 per cent, unchanged from the previous month. First-tier cities saw mixed results, with Shanghai r
China's personal luxury market contracted again in 2025 as consumers turned to second-hand goods and homegrown brands, with Bain & Company estimating the pre-owned sector grew 15-20 per cent. Analysts say foreign labels must adapt to shifting tastes and digital habits, while legal friction with loca
Wall Street indexes opened largely muted on Friday amid persistent concerns over the AI trade, which pressured semiconductor stocks. Tesla's gains provided some support, with the Dow and S&P 500 rising slightly while the Nasdaq fell.
US import prices rose 1.1% in September, exceeding forecasts, driven by higher energy costs and other goods. Annual increase hit 8.1%, the largest since July 2022, as Middle East conflict strains supply chains. Markets expect Fed to hold rates steady this month.
Standard Chartered and LIFTWOMEN announced the winners of the SC WIN Now & Next Challenge 2026, with Christine Tsui of Canpanion taking the top business award. Ten finalists competed in Shenzhen across five categories, including international growth, social impact and next-generation leadership.
Hong Kong Exchanges and Clearing has deferred the target for implementing T+1 settlement in the cash market to the second half of 2028, from the fourth quarter of next year. The move follows a consultation with 109 responses showing strong support, and will use a three-layer implementation framework
Bank of China has launched an International Healthcare Financial Services Platform in the Greater Bay Area, enabling patients to receive treatment at partner hospitals without upfront payment while insurers settle bills directly. Fifteen mainland hospitals and nine insurers have joined the platform
Hong Kong shares closed higher on Friday, driven by tech stocks, with the Hang Seng Index up 0.52 per cent. Lenovo rebounded 8 per cent after a sharp fall, while Kuaishou rose on its new AI video model. Mainland indices also gained.
Sun Life Financial unveiled a refreshed global brand on Friday, merging its name into the single word "Sunlife" with a new logo and tagline "Making life brighter." The insurer said the change reflects its growing business breadth, and the new brand will roll out gradually in Hong Kong from 2027.
PetroChina is expected to post record trading profits this year, with its trading arm PCI projected to exceed 20 billion yuan, as the Iran war disrupts Middle East oil flows and boosts margins at its overseas refineries. Its crude division has already more than doubled 2025 earnings by early October
Federal Reserve Chairman Kevin Warsh voiced optimism about US economic strength and global resilience at the IMF-World Bank meetings in Bangkok, while declining to preview future interest-rate decisions. He cited investment momentum and AI's broadening impact as tailwinds.
MSCI plans to reclassify Indonesia as a standalone market, citing serious market dysfunction and inadequate reforms. The Jakarta Composite Index fell 8 per cent, triggering a trading halt, before losses widened to nearly 13 per cent. The IDX said it had taken steps to improve transparency and demand
KFC has chosen Coca-Cola as its US beverage supplier, ending a roughly four-decade partnership with PepsiCo. The move, effective by spring 2027, could pressure PepsiCo's soda sales and comes amid activist investor scrutiny and slower-than-expected growth.
Hong Kong stocks opened higher on Friday, with the Hang Seng Index rising 1.08 per cent to 24,321 points, buoyed by overnight US market gains. Biotech and tech shares led the advance, while gold-related stocks also climbed.
Tesla is set to unveil its redesigned Roadster electric sports car on Thursday, nearly nine years after a prototype was shown. The car, priced at $200,000 with a $50,000 reservation fee, is seen as a "halo car" showcasing Tesla's engineering, though CEO Elon Musk has downplayed its financial impact.
The S&P 500 closed higher on Thursday, rebounding from early losses as investors shifted from AI-related stocks into healthcare and consumer names. Nvidia fell 1.8 per cent after TSMC struck a cautious note on 2027, while Eli Lilly and UnitedHealth gained over 2.8 per cent.
US producer prices rose 1.3 per cent in September, the largest gain since March 2022, driven by surging energy and services costs. The annual rate climbed to 6.3 per cent, reinforcing expectations of another Federal Reserve rate hike this month.
The Nasdaq fell to near one-month lows on Thursday as concerns that higher interest rates could hurt artificial-intelligence investments deepened a sell-off in AI-linked stocks. Fresh data also confirmed building price pressures in the US economy, weighing on broader market sentiment.
US retail sales rose 0.8 per cent in September, beating expectations, driven by a 7.1 per cent jump in gasoline prices. Core sales, however, edged up just 0.1 per cent, suggesting moderate spending elsewhere and tempering forecasts for robust consumer spending growth in the third quarter.
Bank of China (Hong Kong), the sole yuan clearing bank in the city, plans to issue up to 22.2 billion yuan in onshore interbank certificates of deposit this year, becoming the first offshore clearing bank granted such a quota. The move aims to boost Hong Kong's status as a leading offshore yuan hub.
HSBC's Asia and Middle East co-CEO says the bank will double its 150-strong Hong Kong artificial intelligence team within two to three years, and will set up a global AI research institute in the city in early 2027. The bank has tested two generative AI use cases under Hong Kong's regulatory sandbox
CTF Media & Entertainment, formerly i-CABLE Communications, unveiled a new logo on Thursday as part of a plan to build an integrated media and entertainment ecosystem. The company will invest in overseas music and sporting events, open a live house in Hong Kong, and venture into e-commerce and integ
A record 20 Chinese car brands at the Paris show highlight the pressure on the crowded sector as domestic sales fall. Analysts say success in Europe, the most profitable open market, may determine which automakers survive consolidation.
Hong Kong University projects the city's real economy grew 3.7 per cent year-on-year in the third quarter, slowing from Q2, with fourth-quarter growth easing to 2.8 per cent. Full-year growth is forecast at 4.1 per cent, revised up 0.4 percentage points.
Hong Kong shares fell 1.03 per cent on Thursday amid a global tech selloff, with the Hang Seng Index closing at 24,062 points. Lenovo led blue-chip losses, sliding 14.5 per cent, while Chinese AI firms also slumped sharply.
Hong Kong shares fell 1 per cent on Wednesday, with the Hang Seng Index closing at 24,062 after losing 251 points. Chip and artificial-intelligence stocks suffered heavy selling, while some pharmaceutical, banking and consumer names bucked the trend.
Japan's Nikkei plunged 4.9 per cent on Thursday as tech stocks were hammered by concerns over AI-related debt and hot US inflation data. Chip equipment makers led the decline, while defensive pharmaceutical stocks gained as investors rotated away from risk.
