China

New Business

China’s rich step up offshore bets as gold and insurance gain favour

More than half of China’s high-net-worth individuals (HNWIs) plan to increase the share of offshore investments in their portfolios over…

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Explainer | As China’s companies become industry leaders, where in the world are they going?

With their domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search…

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Huawei’s 2022 patent details novel technique to make 2-nm-class chips without EUV tool

Huawei Technologies’ three-year-old patent for advanced patterning comparable with 2-nanometre grade technology without extreme ultraviolet (EUV) lithography tools has intensified…

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ByteDance’s TikTok to invest more than US$37 billion in Brazil data centre

ByteDance’s TikTok will invest more than 200 billion reais (US$37.7 billion) to build a data centre in Brazil, marking its…

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Chinese consumer and tourism firms turn to shareholder perks to stimulate sales

More than 30 mainland-listed consumer goods and tourism companies have rolled out offers to shareholders – ranging from substantial discounts…

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Redefining Hong Kong as a Fashion Capital

Bosco Law grew up surrounded by the colours and textures of Hong Kong’s textile trade, an industry his family helped…

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Shanghai launches clampdown on property market doom-mongering, targeting RedNote, Bilibili

Shanghai has launched a crackdown on online content that talks down the property market, as the sector remains mired in…

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Opinion | How yuan internationalisation is helping to close the climate finance gap

As the United States renounces its climate commitments, a chain reaction of wavering pledges and scaled-back investments by other donors…

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Living to 79: China’s record longevity puts economic wrinkles in focus

China’s average life expectancy hit a record 79 years in 2024, edging closer to developed-nation levels as the country grapples…

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HSBC names veteran accountant Brendan Nelson new chairman amid Asia growth push

HSBC Holdings, the biggest lender in Hong Kong and Europe, has appointed veteran accountant Brendan Nelson as group chairman, according…

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