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BUSINESSJul 4Blaming China won’t bring jobs back to ‘post-industrial’ economiesAlmost anywhere you look these days, you can find claims from political, academic and other various sources that China’s supposed overproduction and exports of manufactured goods pose unfair advantages. These sources may also claim such unfair advantages justify protectionist countermeasures. But it is difficult to counter one’s own folly. For decades, the US, much of Europe and even Japan, long proud of its manufacturing skills, have prided themselves on becoming “post-industrial” and...South China Morning Post
BUSINESSJul 3New international land-sea corridor connects China's Xinjiang to AfricaThe intermodal route linking Xinjiang to Africa via the Fangchenggang Port in south China, was officially opened on Thursday.Africanews [en]
BUSINESSJul 3EU will retaliate if China misses October trade deadline, von der Leyen says"We are basically prepared for everything, and we have all the instruments on the table," Ursula von der Leyen said, hinting at retaliation against China. The EU has imposed an October deadline to secure tangible results.EuroNews [en]
BUSINESSJul 3China’s Momenta IPO oversubscribed 414 times as Hong Kong listings pack calendarChinese autonomous-driving start-up Momenta drew massive subscription numbers for its HK$5.89 billion (US$751 million) initial public offering in Hong Kong, even as it competed against five other issuers launching their IPOs at the same time. The Suzhou-based company’s bookbuilding closed on Friday. Preliminary figures showed that it attracted nearly 210,000 subscription applications, with the public offering subscribed 414 times, according to people familiar with the matter. Sponsored by China...South China Morning Post
BUSINESSJul 3China’s BYD surpasses Tesla to regain lead in global EV raceChina’s electric vehicle (EV) king BYD has leapfrogged once more over Tesla to become the world’s largest battery-powered car manufacturer, spurred by its surging overseas shipments, despite posting an 8.2 per cent year-on-year drop in deliveries. As BYD gained the upper hand in the race against the US carmaker, it is the latest signal that China’s prowess in EVs is increasingly recognised by consumers around the globe amid an energy crisis. Tesla said in a statement on Thursday that it had...South China Morning Post
BUSINESSJul 3China-EU trade, Xi touts ‘global influence’, Nato summitChina told the European Union that it is willing to increase purchases of EU goods to help pare a massive trade gap, potentially easing the risk of a trade war. Commerce Minister Wang Wentao suggested that China is open to purchase agreements covering European goods in trade talks this week with EU trade chief Maros Sefcovic, the South China Morning Post reported, citing unidentified people briefed on the discussions. Lower tariffs on EU imports were also discussed (see trade talks joint...South China Morning Post
BUSINESSJul 3Unitree IPO to test valuations as venture capital floods China roboticsUnitree Robotics has secured approval from China’s securities regulator for a Shanghai initial public offering that is poised to set a valuation benchmark for China’s sizzling embodied AI sector. The nod from the China Securities Regulatory Commission came about a month after the Hangzhou-based company cleared a review by the Shanghai Stock Exchange’s listing committee. Unitree is now finalising its underwriting plan, pricing and share subscriptions for a potential debut as early as late...South China Morning Post
BUSINESSJul 3China’s services sector remains resilient in June, beating market forecastsChina's services sector demonstrated resilience in June, surpassing market forecasts. This indicates stronger-than-expected economic performance in a key sector.Seeking Alpha Tech
BUSINESSJul 3DBS China unit to raise US$295mil from bond sale, term sheet showsSINGAPORE: DBS Bank (China) Ltd, the mainland China unit of Singapore's DBS Group, plans to issue 2 billion yuan ($295 million) of onshore Tier 2 capital bonds, according to a term sheet on Tuesday.thestar_my · malaysia
BUSINESSJul 2China signals openness to reducing gaping EU trade surplus as Brussels toughens stanceChina told the European Union that it is open to exploring ways to cut its massive trade surplus with the bloc during talks in Brussels this week, according to multiple people briefed on the discussion. Chinese Commerce Minister Wang Wentao signalled to EU trade chief Maros Sefcovic that China was willing to consider purchase agreements covering European goods. The discussions touched on lowering tariffs on EU-made goods, in a rare sign that China recognises that its billion-euro a day trade...South China Morning Post
BUSINESSJul 2SEC looks into alleged insider trades on China's brokerage crackdown - reportThe SEC is reportedly investigating alleged insider trading activities linked to China's recent crackdown on brokerage firms. This matters as it concerns potential financial misconduct and regulatory oversight in major markets.Seeking Alpha Tech
BUSINESSJul 2When and how will China ease capital controls?The China Securities Regulatory Commission recently fined three Hong Kong brokerages – Tiger Brokers, Futu Securities International and Longbridge Securities – over US$330 million for offering mainland investors access to overseas stocks without authorisation. This should not be misconstrued as a move to discourage overseas investment. It is merely an attempt to discourage mainland investors from illegal channels that violate China’s capital controls. This is evidenced by the fact that the...South China Morning Post
BUSINESSJul 2AstraZeneca inks kidney therapy deal worth up to $1.77B with China’s CSPCAstraZeneca has signed a kidney therapy deal valued at up to $1.77 billion with China's CSPC. This agreement represents a major collaboration in the pharmaceutical sector.Seeking Alpha Tech
BUSINESSJul 2China aims to ‘infiltrate’ US-Mexico-Canada trade deal, says American manufacturing groupChina is trying to “infiltrate” the US-Mexico-Canada trade agreement via Mexican automotive investments, a US manufacturing trade group said, as Washington indicated it would not renew the agreement that comes up for review this month. However, analysts cautioned that full decoupling from China’s automotive industry remains difficult, given North America’s continued dependence on Chinese-sourced motor vehicle components and Mexico’s legacy of export manufacturing plus quick access to the US...South China Morning Post
BUSINESSJul 2Make Hong Kong China’s ‘space finance capital’, legal group urges BeijingAn independent legal group has proposed that Beijing designate Hong Kong as the country’s “space finance capital”, positioning the city as a gateway for commercial development of the sector under the national five-year plan. The Asian Academy of International Law also proposed in policy papers issued on Thursday that Hong Kong should enact a space asset registration and finance ordinance to provide legal certainty for the financing of such assets. The group pointed to Hong Kong’s key strengths...South China Morning Post
BUSINESSJul 2Hong Kong assets hit record US$5.38 trillion on renewed China appetite: SFCAssets and wealth under management in Hong Kong surged to a record high last year as global investors returned to Chinese assets, underscoring the city’s edge over Switzerland as a wealth hub. Financial firms in Hong Kong managed HK$42.2 trillion (US$5.38 trillion) worth of assets last year, a 20 per cent increase from the previous peak of HK$35.5 trillion in 2024, according to a report released by the Securities and Futures Commission on Thursday. Driven by the asset-management and...South China Morning Post
BUSINESSJul 2Franklin Covey sinks after cutting revenue outlook on delivery shifts and China uncertaintyFranklin Covey's stock declined after the company reduced its revenue outlook. This adjustment was attributed to shifts in delivery strategies and ongoing uncertainty related to China.Seeking Alpha Tech
BUSINESSJul 2Why the World Bank is winding down loans to China amid a ‘natural’ shiftBeijing has downplayed reports that the World Bank will phase out lending to China by 2031, with the Ministry of Finance noting that the nation’s advancing economy and changing development needs were shifting cooperation away from financing and towards knowledge sharing. “This is the natural result of changing domestic needs and the transformation of bilateral cooperation,” the ministry said in a statement on Wednesday, referring to the World Bank’s declining lending to China in recent...South China Morning Post
BUSINESSJul 2New technologies power China’s Tesla challengers to monthly sales recordsChinese Tesla challengers Leapmotor and Zeekr, banking on their latest battery and self-driving technologies, bucked a downward trend in domestic electric vehicle sales with record deliveries last month, ratcheting up pressure on the US carmaker amid weak consumer sentiment towards big-ticket items. Stellantis-backed Leapmotor delivered 93,376 electric vehicles (EVs) last month, up 94.5 per cent year on year, as it rewrote its sales record for a second consecutive month. Zeekr, a premium EV unit...South China Morning Post
BUSINESSJul 2EU chip industry squeezed by China, U.S. dependenceThe EU's chip industry is reportedly experiencing pressure due to its reliance on China and the United States.Seeking Alpha Tech
BUSINESSJul 2PDD embraces China’s ‘city of the future’ after bruising regulatory clash and record fineThe operator of budget online marketplaces Temu and Pinduoduo is ramping up its commitment in a state-backed development zone – dubbed a “city of the future” in official discourse – months after the e-commerce group was hit by the heaviest penalty in a record food-safety crackdown and accused by regulators of obstructing enforcement. PDD Holdings had more than 600 employees at its unit in the Xiongan New Area by the end of June, making it the development zone’s largest privately owned internet...South China Morning Post
BUSINESSJul 2‘China’s Instagram’ targets men to grow audience ahead of IPOSocial media platform Xiaohongshu accelerates plans for Hong Kong listingFinancial Times
BUSINESSJul 1Caught between the US and China, can Europe remain competitive?As trade tensions grow, Europe tries to remain competitive while balancing ties with the US and China.Al Jazeera [en]
BUSINESSJul 1What the SpaceX IPO Tells Us About China-US CompetitionInsights from Winston Ma.The Diplomat
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