Markets — 684 insights
China’s power exports to Asean surge 40% in first half of 2026 amid Hormuz tensions
Markets

China’s power exports to Asean surge 40% in first half of 2026 amid Hormuz tensions

Myanmar is leading the export surge for China’s power in Asean, with exports to the country nearly doubling in the first five months The increase also highlighted China’s growing role as a regional energy supplier at a time when geopolitical tensions have renewed concerns over energy security. China exported 2.39 billion kilowatt-hours of power to the Association of Southeast Asian Nations countries in the first half of the year, up 42.9 per cent from a year earlier, which “supported the region’s production and daily life”, Lu Daliang, spokesman for the General Administration of Customs, told a press conference on Tuesday. Meanwhile, customs data showed that China’s exports to Asean remained robust in June, with shipments rising 34.6 per cent year on year. Lu said closer industrial and supply-chain integration between China and Asean had driven growth in bilateral intermediate goods trade – rising 24.5 per cent in the first half to 2.86 trillion yuan – which includes electricity.

As IPOs surge, Hong Kong’s audit regulator vows tougher scrutiny
Markets

As IPOs surge, Hong Kong’s audit regulator vows tougher scrutiny

With more than 430 applicants in the IPO pipeline, the city’s accounting watchdog is ramping up post-listing inspections “The increase in IPOs will be helpful for the development of Hong Kong’s finance industry,” said David Sun Tak-kei, chairman of the AFRC, following a media briefing on Tuesday. “But the high quality of financial reporting also matters.” To maintain standards, the AFRC would continue to engage with auditors on projects for completed IPOs, Sun added. Earlier this year, Hong Kong’s regulatory authorities launched a coordinated campaign to scrutinise listing application documents and enforce compliance among financial intermediaries. In February, the AFRC issued an open letter warning auditors of public entities against sacrificing quality in pursuit of business growth. This followed a directive from the SFC in late January that tightened the compliance framework for sponsors.

Hilton launches Tempo hotel brand amid expanding China travel demand
Markets

Hilton launches Tempo hotel brand amid expanding China travel demand

US hotel operator says new lifestyle brand reflects its belief that the country’s tourism sector will continue to grow The US hospitality group announced on Tuesday that its Tempo by Hilton lifestyle brand would make its Asia-Pacific debut in mainland China after signing several deals. It added that the brand would offer Chinese hotel owners an opportunity to capture growing demand for lifestyle-oriented hospitality via a scalable model. “The introduction of Tempo reflects our confidence in the long‑term fundamentals of this market and the vast opportunity to meet increasing demand for experience-led lifestyle stays from this next generation of travellers,” said Alan Watts, president of Hilton Asia-Pacific, at a launch ceremony in Shanghai. “As the brand expands in China, we will enable owners to unlock value through clear positioning, strong operational efficiency, superior commercial advantage and a growing network effect.”

Where is the priciest residential property? Hong Kong keeps crown, but livability drops
Markets

Where is the priciest residential property? Hong Kong keeps crown, but livability drops

Deutsche Bank cuts the financial hub’s quality-of-life standing as soaring expenses squeeze households, and Seoul emerges as a tech-driven regional competitor Hong Kong has retained its position as the world’s most expensive residential property market despite a 10 per cent price decline from pre-pandemic levels, according to a new Deutsche Bank report warning that housing affordability continues to weigh on living standards. The investment bank lowered the city’s quality-of-life ranking to 55th this year, down from 48th in 2025. Even so, the financial hub has maintained its appeal to international investors and high earners when factoring in residents’ purchasing power and overall livability, according to the 10th edition of the “Mapping the World’s Prices” report, co-authored by Jim Reid and Galina Pozdnyakova. “Hong Kong remains a global magnet for talent and capital,” the analysts said. “The richest cities are not always the easiest places to live.” The ranking assessed residential property purchase prices across 69 cities worldwide. Prices were converted into US dollars and measured by the purchase costs of flats, with comparisons made against 2016 levels and the pre-Covid-19 baseline from 2019.

5 years after Evergrande, why a China think tank says stock market signals a turnaround
Markets

5 years after Evergrande, why a China think tank says stock market signals a turnaround

Domestic A-shares have returned to near-2021 levels as real interest rates decline, though researchers warn a sustained recovery is not yet guaranteed While a deep correction in the property market tends to have far-reaching effects on the stock market, historical data shows that recoveries vary significantly in speed and scale. To establish this, the researchers analysed stock performance and macroeconomic drivers across 18 deep property slumps globally. “These differences show little correlation to home price falls, and they mainly depend on post-slump macro conditions,” wrote Yu Fei, a researcher at CF40, in the report. According to the report, published on Sunday, the A-share market had recovered to roughly its 2021 levels.

How Yung Kee and other Hong Kong heritage brands innovate to thrive in challenging times
Markets

How Yung Kee and other Hong Kong heritage brands innovate to thrive in challenging times

From charcoal-roasted goose to toys to construction, owners of venerated local businesses explain their stewardship strategies From franchising to diversification, Hong Kong’s heritage brands and long-running family businesses are looking for ways to navigate challenging times amid changing consumption patterns and soaring costs. Second- and third-generation stewards of three local brands – charcoal-roasted goose restaurant Yung Kee, toy manufacturer Kader Holdings and construction group Asia Allied Infrastructure – are using different strategies to adapt to the changing times, they explained recently in an interview organised by Entrepreneurs’ Organisation Hong Kong in connection with its 30th anniversary this year. Yvonne Kam, the third-generation owner and chief finance officer of Yung Kee, spearheaded the launch of Yung’s Bistro, a more modern take on the restaurant’s revered family recipes for its famous charcoal-roasted goose. The group’s flagship is in Central, while the two Yung’s Bistro outlets are located in K11 Musea in Tsim Sha Tsui and Taikoo Place in Taikoo Shing.

Hong Kong banks sweeten mortgage rebates as competition heats up amid property rebound
Markets

Hong Kong banks sweeten mortgage rebates as competition heats up amid property rebound

Mortgage battle intensifies as lenders raise cash rebates to lure buyers amid Fed rate uncertainty “We are not surprised to see banks offering higher mortgage rebates,” said Kathy Chan, an equity analyst at Morningstar. “Residential mortgages remain a key component of personal lending portfolios for Hong Kong banks and are generally viewed as high-quality, collateralised assets with relatively low credit risk.” Daniel Wong, 26, who recently got married, began searching for a home about six months ago to better understand prices before making a purchase with his wife.

Reaching for the Stars – An Iconic Art Installation Showcased at Cheung Kong Center II
Markets

Reaching for the Stars – An Iconic Art Installation Showcased at Cheung Kong Center II

[The content of this article has been produced by our advertising partner.] Primarily based in Denver, Colorado, Griggs is renowned for designing site-integrated installations, with major projects in Toronto, Chicago, Dallas, Las Vegas, Washington, D.C., and a renovation effort that refurbished Hope, the birthplace of President Bill Clinton. His work engages viewers through visual intimacy and physical interactivity, while resonating with the character of the site. The suspended installation offers a striking visual counterpoint to the architecture of CKCII, notes Griggs. The Glass Box Lobby of the building creates an arresting contrast with the curvilinear form of the art piece, and the natural light provides a perfect backdrop for the bright colours of the installation. The duality of shape and shade draws visitors’ attention to the enormous volume of the space and the breathtaking view of Victoria Harbour from CKCII’s impressive windows. CKCII occupies a prime location in the very heart of downtown Central, boasting a magnificent 270-degree view of Victoria Harbour. With its excellent connectivity and exclusive tenant privileges, it is the place to be for enterprises looking to reach greater heights.

Futu expects mainland brokerage business to shrink but vows to keep Hong Kong outlets
Markets

Futu expects mainland brokerage business to shrink but vows to keep Hong Kong outlets

The company says it sees the CSRC’s crackdown as a ‘industry-wide issue’ rather than a penalty targeting Futu alone Mainland Chinese-funded accounts had dropped to 13 per cent of its total and their combined size was 17 per cent of total client assets at the end of March 2026, the broker said in a briefing in Hong Kong on Monday, without providing comparison figures. “It will definitely see a gradual decrease. Our principle is to handle it as quickly as possible,” said Futu Securities managing director Daniel Tse. “We must resolve compliance issues with a ‘client-first’ approach.” While declining to disclose its mainland-funded accounts ratio after the penalty was imposed, Tse said the company would “process the rectification as fast as possible,” emphasising that “compliance is Futu’s core strength.” The brokerage has been ordered by the China Securities Regulatory Commission (CSRC) to complete “rectification” within two years and fully cease the illegal provision of trading services on the mainland.

China’s Midea dispatches 20,000 air conditioners in race to cool heat-stricken France
Markets

China’s Midea dispatches 20,000 air conditioners in race to cool heat-stricken France

Europe’s lethal heatwave drives China’s appliance giant to sprint production and slash delivery times To speed up output, Midea doubled capacity to 6,000 portable air conditioners per day by opening a new production line on July 7, completing manufacturing of all 20,000 units in just three and a half days, the Foshan, Guangdong-based firm said in a statement on Monday. The company added it prioritised the French order with manpower and production capacity, even as its factories ran at full tilt to meet domestic demand. Portable air conditioners by Midea, the world’s largest home appliance maker, have been in high demand as Europe grapples with record-breaking heat linked to more than 10,000 deaths in June. Management instructed supply chain and production teams to “spare no expense to ensure timely delivery”, including costly air and high-speed rail transport for components in short supply, according to a factory manager at Midea’s portable air-conditioner factory in Wuhu, in China’s central province of Anhui.

Chairman of global tech brand TCL sees digital future in ‘Screen Universe’
Markets

Chairman of global tech brand TCL sees digital future in ‘Screen Universe’

Li Dongsheng reveals how creation of innovative platforms can connect people, content and services worldwide on sidelines of ‘Summer Davos’ Li Dongsheng, founder and chairman of TCL – a global technology brand serving users across more than 160 countries and regions – was among the speakers at the World Economic Forum’s Annual Meeting of the New Champions last month. Under the theme, “Innovating at Scale”, the forum, also known as “Summer Davos”, saw more than 1,800 government leaders, senior business executives and innovators from 90 countries and regions discuss how technology and new ideas and practices can translate into economic progress and jobs. Li took part in the “Reconfiguring Supply Chains” global live-stream round-table discussion at the event, which serves as a platform for entrepreneurship, innovation and next-generation growth, at Dalian, in northeastern China. While on the sidelines of the forum, Li outlined his company’s concept for the future of digital life, called the “Screen Universe”, in an exclusive interview with the South China Morning Post.

The new space race: how China plans to break SpaceX’s launch monopoly with IPO push
Markets

The new space race: how China plans to break SpaceX’s launch monopoly with IPO push

As Beijing makes history by capturing the Long March-10B booster at sea, at least 15 aerospace firms are racing to go public on Shanghai’s Star Market or in Hong Kong Meanwhile, LandSpace Technology – widely regarded as a challenger to SpaceX – had its initial public offering review status restored to “Inquired” in late June after submitting updated financial materials. It was suspended in late March because of expired financial data, while the company now seeks to raise 7.5 billion yuan (US$1.1 billion) At the end of June, LandSpace officially announced that its Zhuque-3 reusable test rocket had completed a static fire test, where the engine’s performance is tested at full power without launching. Both LandSpace and CAS Space plan to channel their IPO proceeds directly into reusable rocket projects. These developments come amid a major technical breakthrough in the domestic sector. On July 10, China successfully recovered the Long March-10B carrier rocket – developed by the state-owned China Aerospace Science and Technology Corporation (CASC) – at sea via a recovery platform.