Clear filters Clear Filters
Inside CXMT’s US$4.3b IPO: soaring profits meet US export threat and high-stakes HBM race
SCMP

Inside CXMT’s US$4.3b IPO: soaring profits meet US export threat and high-stakes HBM race

As China’s leading DRAM maker ChangXin Memory Technologies (CXMT) prepares for its expected 29.5 billion yuan (US$4.3 billion) Shanghai Star Market listing, the critical question facing investors is whether the firm can convert its cyclical windfall into permanent industry leadership. The Hefei-based chipmaker enters the market at a uniquely lucrative moment: a global memory shortage driven by sur...

Why Hong Kong has become the worst-performing major stock market
SCMP

Why Hong Kong has become the worst-performing major stock market

There are many disconnects in financial markets. One of them is Japan’s benchmark 10-year bond yield, which currently stands at just 2.7 per cent despite the country’s large public debt burden – more than 240 per cent of economic output. Although Japanese bond yields have risen sharply in the past three years, the 10-year yield is slightly lower than that of Germany, whose government debt as a per...

Why Hong Kong has become this year’s worst-performing stock market
SCMP

Why Hong Kong has become this year’s worst-performing stock market

There are many disconnects in financial markets. One of them is Japan’s benchmark 10-year bond yield, which currently stands at just 2.7 per cent despite the country’s large public debt burden – more than 240 per cent of economic output. Although Japanese bond yields have risen sharply in the past three years, the 10-year yield is slightly lower than that of Germany, whose government debt as a per...

China Citic Tower plane crash pilot ‘suffered from anxiety’
SCMP

China Citic Tower plane crash pilot ‘suffered from anxiety’

The pilot of a small plane that crashed into Beijing’s tallest building last week had long suffered from anxiety and discussed “ending his life” in his diaries, authorities in the Chinese capital said on Thursday. In a brief summary of an investigation, the Chaoyang district government said the pilot was a 66-year-old Beijing resident, identified only by his surname Liu. Liu died when the light ai...

Citic Tower plane crash pilot ‘suffered from anxiety’

Citic Tower plane crash pilot ‘suffered from anxiety’

SCMP

The pilot of a small plane that crashed into Beijing’s tallest building last Friday had long suffered from anxiety and discussed “ending her life” in her diaries, Chinese authorities said on Thursday. More to follow...

Sun is setting on US dominance of the world, scholar Wu Xinbo says

Sun is setting on US dominance of the world, scholar Wu Xinbo says

SCMP

Wu Xinbo is the dean of the Institute of International Studies at Fudan University in Shanghai and a leading Chinese researcher on the US. In this interview, he analyses how shifts in US foreign policy are changing the relationship between the two countries. SCMP Plus readers get early access to articles in the Open Questions series. As the United States celebrates its 250th anniversary, how do yo...

Indonesia’s Widodo backs son’s party for 2029 election with political tour

Indonesia’s Widodo backs son’s party for 2029 election with political tour

SCMP

Indonesia’s former president Joko Widodo has begun a nationwide tour that analysts say is aimed at transforming his youngest son’s small political party into a major force before the 2029 elections. Widodo kicked off the tour in Lampung on Friday, using the visit to appear alongside Indonesian Solidarity Party (PSI) officials and accept a local royal title, signalling that he remains a force in In...

Indonesia’s Widodo backs son’s party for 2029 election with new political tour

Indonesia’s Widodo backs son’s party for 2029 election with new political tour

SCMP

Indonesia’s former president Joko Widodo has begun a nationwide political tour that analysts say is aimed at transforming his younger son’s small party from a marginal player into a significant force before the 2029 elections. Widodo, popularly known as Jokowi, kicked off the tour in Lampung on Friday, using the visit to appear alongside Indonesian Solidarity Party (PSI) officials and accept a loc...

Why the World Bank is winding down loans to China amid a ‘natural’ shift

Why the World Bank is winding down loans to China amid a ‘natural’ shift

SCMP

Beijing 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 ...

Clogged pipeline: Many Hong Kong IPO hopefuls near application expiration

Clogged pipeline: Many Hong Kong IPO hopefuls near application expiration

SCMP

A large number of mainland Chinese companies hoping to list shares on the Hong Kong stock exchange are anxiously waiting for a nod from the mainland securities regulator, with many now at risk of having their listing applications lapse. More than 430 companies were currently waiting in the initial public offering (IPO) pipeline, according to data from bourse operator Hong Kong Exchanges and Cleari...

Vatican excommunicates 6 bishops from rebel Catholic group

Vatican excommunicates 6 bishops from rebel Catholic group

SCMP

The Vatican on Thursday excommunicated six bishops from the ultraconservative Society of St Pius X and said any lay believers who “formally adhere” to the group would suffer the same fate. The Vatican decree comes a day after the traditionalist breakaway group consecrated four new bishops, defying a plea from Pope Leo not to do so. The decree called the ceremony “an act of schismatic nature”. For ...

India orders WhatsApp to halt username feature over anonymity concerns

India orders WhatsApp to halt username feature over anonymity concerns

SCMP

India has asked WhatsApp to justify the implementation of a planned feature covering usernames and to freeze the roll-out in its biggest market, escalating a crackdown on messaging anonymity that began with Telegram, according to a government letter. Earlier this week, Meta’s WhatsApp said ‌it had begun a phased global roll-out, including in India, of the feature, which lets users reserve a unique...

China bans pet anaesthetic tiletamine after waves of young people vape drug

China bans pet anaesthetic tiletamine after waves of young people vape drug

SCMP

China has banned tiletamine, a common veterinary anaesthetic, after its recreational inhalation among young people escalated sharply. Since July 1, the compound has been classified as a controlled substance and is regulated as strictly as fentanyl. Tiletamine has a chemical structure similar to ketamine, commonly known as “K powder”, and it was mainly used for surgical anaesthesia in pets such as ...

Lawmaker William Wong failed to tell Legco about arrest, set for committee probe

Lawmaker William Wong failed to tell Legco about arrest, set for committee probe

SCMP

Hong Kong lawmaker William Wong Kam-fai failed to report his arrest for alleged drink-driving to the Legislative Council as required under its code of conduct, and is expected to face an internal investigation that could result in stiff penalties, the South China Morning Post has learned. The 66-year-old lawmaker, who is also an associate dean of engineering at the Chinese University of Hong Kong ...

Singapore to buy more Hellfire missiles after US backs US$22.3 million package

Singapore to buy more Hellfire missiles after US backs US$22.3 million package

SCMP

Singapore is set to acquire additional Hellfire missiles after the United States backed a proposed package valued at US$22.3 million. The US State Department said on Tuesday that it has approved the potential sale of an additional 24 AGM-114R Hellfire missiles to Singapore, along with related support services and equipment, bringing the total package to 67 missiles. Hellfire missiles are a type of...

Gaza marks 1,000 days of war. Palestinians there face an uncertain future

Gaza marks 1,000 days of war. Palestinians there face an uncertain future

SCMP

It’s the 1000th day of war since a Hamas-led attack on Israel that sparked the war in Gaza. Other conflicts have emerged in the region, and fragile ceasefires show scars of persistent attacks. Both Israelis and Palestinians are weary of the strain. The fate of over 2 million Palestinians in Gaza, largely displaced and living amid ruins, remains uncertain. Israeli forces controlled over half of the...

What Philippine president’s visit reveals about Canada’s Indo-Pacific ambitions

What Philippine president’s visit reveals about Canada’s Indo-Pacific ambitions

SCMP

Philippine President Ferdinand Marcos Jnr’s trip to Canada underscores deepening ties at a time when Ottawa is seeking to court middle powers and establish itself in the Indo-Pacific. Marcos is in the Canadian capital for a four-day visit that started on Wednesday, where he is set to meet Prime Minister Mark Carney in efforts to strengthen ties on trade, labour, energy and tourism, as well as enha...

Ferrari owner sues ‘unapologetic’ Chinese parents whose kids scratched $530,000 supercar

Ferrari owner sues ‘unapologetic’ Chinese parents whose kids scratched $530,000 supercar

SCMP

A Ferrari owner in southwest China is considering legal action after some children used his supercar as a slide, damaging it while their parents remained unapologetic. Zhang, from Kunming in Yunnan province, recently parked his red Ferrari, valued at 3.6 million yuan (US$530,000), in an outdoor space before leaving on a business trip. While he was away, a neighbour told him four boys had climbed o...

New technologies power China’s Tesla challengers to monthly sales records

New technologies power China’s Tesla challengers to monthly sales records

SCMP

Chinese 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 y...

A year of momentum: why Lingnan University’s rise matters beyond the rankings

A year of momentum: why Lingnan University’s rise matters beyond the rankings

SCMP

[The content of this article has been produced by our advertising partner.] When Canton Tower lit up on 1 July to celebrate Lingnan University’s achievement as the world’s top university for SDG 4: Quality Education in the Times Higher Education (THE) Sustainability Impact Ratings 2026, the display marked more than a single accolade. Coinciding with the 29th anniversary of the establishment of the...

No more warnings for litterbugs as Malaysia’s Penang deploys bodycams

No more warnings for litterbugs as Malaysia’s Penang deploys bodycams

SCMP

Malaysia’s heritage state of Penang has begun using body camera footage to prosecute litterbugs, widening a national clean-up drive that could see offenders fined or ordered by a court to carry out community service. The tougher enforcement, which took effect on Wednesday after a six-month grace period, gives patrol teams from the Penang Island City Council and Seberang Perai City Council powers t...

Beijing’s liaison office restructured, with focus on economy, district work

Beijing’s liaison office restructured, with focus on economy, district work

SCMP

Beijing’s liaison office in Hong Kong has been restructured, with the Economic Department split into two and its district-level groups expanded, a move that analysts have said reflects a greater focus on financial, youth and district work, and a push to align with the latest national five-year plan. A comparison of the office’s organisational chart on its website on Thursday with internet archive ...

Beijing’s liaison office in Hong Kong restructured, stressing youth, district work

Beijing’s liaison office in Hong Kong restructured, stressing youth, district work

SCMP

Beijing’s liaison office in Hong Kong has been restructured, with the economic department split into two and its district-level groups expanded, a move that an analyst said reflected the central government’s greater focus on financial, youth, and district work. A comparison of the office’s organisational chart on its website on Thursday with internet archive records showed that the number of depar...

China’s Wang Yi to test whether transatlantic turmoil can soften Europe’s Nordic hawks

China’s Wang Yi to test whether transatlantic turmoil can soften Europe’s Nordic hawks

SCMP

Chinese Foreign Minister Wang Yi kicks off a rare tour of Europe’s Nordic countries on Thursday, as Beijing tests whether it can use shifting geopolitical sands to find openings among some of the bloc’s most China-critical governments. The veteran diplomat will be in Denmark on Thursday and Friday for a series of meetings with Foreign Minister Lars Lokke Rasmussen and a personal audience with King...

Hong Kong police search 15 in former July 1 protest areas, man taken away

Hong Kong police search 15 in former July 1 protest areas, man taken away

SCMP

Hong Kong police have stopped and searched 15 people in areas where July 1 protests were previously held, with one man wearing a T-shirt with political undertones taken away. The force said on Thursday that five men and 10 women, aged between 25 and 73, were stopped and searched in Wan Chai and the Eastern district the previous day, when the city marked the 29th anniversary of its return to Chines...

From AI chips to energy drinks: Hong Kong’s biggest listing deals of 2026 so far

From AI chips to energy drinks: Hong Kong’s biggest listing deals of 2026 so far

SCMP

Hong Kong’s stock exchange ranked second globally by capital raised in the first half of 2026, with total proceeds from initial public offerings and secondary listings rising 84.3 per cent year on year to US$26.4 billion. Among the 84 new listings during the period, mainland Chinese issuers accounted for 98.5 per cent of the total, with the majority concentrated in advanced technology and consumer...

Tighter site safety urged after Hong Kong records over 60 industrial accidents

Tighter site safety urged after Hong Kong records over 60 industrial accidents

SCMP

Hong Kong labour unions have urged worksite supervisors to step up risk assessments and precautionary measures to strengthen work safety culture, as the city reported at least 62 industrial accidents, including 24 fatal cases, in the first half of this year. The calls on Wednesday followed the case of a worker who was killed when an excavator toppled at a Ho Man Tin construction site two days earl...

Venezuela faces post-quake medical crisis as threat of infections looms

Venezuela faces post-quake medical crisis as threat of infections looms

SCMP

Doctors said Wednesday they feared the aftermath of Venezuela’s devastating twin earthquakes could trigger a widening medical crisis marked by untreated injuries, infectious diseases and a healthcare system already on the brink. Thousands of displaced Venezuelans are sleeping in crowded shelters or outside without access to clean water amid dismal sanitary conditions following the June 24 earthqua...

Singapore warns of ‘severe’ haze in August, September from El Nino effect

Singapore warns of ‘severe’ haze in August, September from El Nino effect

SCMP

Some years it comes, and some years it does not. But, drifting up and across the Strait of Malacca, it can hang in the air for weeks on end over cities such as Singapore and Kuala Lumpur – regional economic hubs that host two of the world’s busiest airports. Southeast Asia’s haze is on the way back and this year’s event is expected to be “severe”, according to the Singapore Institute of Internatio...