From stock losses to bond bets: 5 figures investors are watching in China
A sell-off in technology stocks pushed mainland Chinese equities to their lowest level in more than a year, even as Beijing stepped up support for the economy with a key interest rate cut. At the same time, Chinese government bonds attracted fresh interest as US Treasury yields climbed to a new high. Here are some figures that have captured market attention this week. China’s CSI 300 Index hits 13-month low Mainland China’s CSI 300 Index dropped 2.2 per cent on Monday to its lowest level since...
DeepSeek effect? How China’s quant funds thrive amid tight regulatory scrutiny
China’s quantitative investing sector has added 18 new members to the ranks of funds managing more than 10 billion yuan (US$1.5 billion) in assets this year, underlining the industry’s ability to generate competitive returns despite a tight regulatory environment. The firms were among 159 Chinese hedge funds overseeing more than 10 billion yuan each, according to financial news agency Cailian Press. Their growth has been fuelled by technology-driven momentum in the world’s second-largest stock...
China leads drone patent volume but US matches quality as start-ups drive innovation: study
Chinese and US firms are “neck-and-neck” in the quality battle for the next generation of drone patents, despite China having a lead in volume, a study published on Thursday shows. Chinese companies accounted for 44 per cent of the world’s drone patent filings in 2024, against 17 per cent for American firms, according to a report published by LexisNexis. Measured by value, however, US drone patents were on a par with China’s, leaving the two countries roughly even in total global patent asset...
Huawei steps up Tau chip roll-out, with Mate XT 2 on track for 1 million sales
Huawei Technologies is making rapid progress in rolling out a new breed of advanced chip based on its self-developed Tau Scaling Law, with the Chinese company set to adopt the processors across the newly released Mate 90 smartphone series. The roll-out marks another step forward in the Chinese tech giant’s push to overcome stringent US export curbs, which has seen Huawei rewire its smartphone business to run on home-grown technology. Speaking at a press briefing on Tuesday, Huawei consumer...
Anthropic raises alarm over elite hacking ability of Chinese firm Z.ai’s GLM-5.3
The US artificial intelligence giant Anthropic has warned of the potential danger posed by Chinese firm Z.ai’s GLM-5.3, with the open-weight model showing a troubling mix of powerful hacking abilities but weak safety constraints. GLM-5.3 almost matches Anthropic’s most advanced model in terms of its cyber capabilities, but has far weaker safeguards, meaning there is greater potential for the model to be co-opted by bad actors, according to the San Francisco-based firm. In a report released on...
Trump relies on AI giants to self-police after ruling out China deal
Subscribers: The Daily Pulse won’t be published on October 1, which is China’s National Day. We will resume publication on Friday, October 2. US President Donald Trump has again ruled out collaborating with China on artificial intelligence (AI), arguing that it would undermine American leadership in the technology. Cooperation would let China “immediately gain access to things that we know that they don’t know”, Trump told reporters on Tuesday. “We’re leading now over China and everyone else,...
Apple leads China smartphone sales after launch of iPhone 18 Pro. Can the momentum last?
Apple has claimed the top spot in China’s smartphone market following the release of its iPhone 18 Pro series, giving a potential boost to a sluggish handset market weighed down by weak consumer demand and soaring component costs. Sales of the new Pro models in their first three days after launching on September 18 were 12 per cent higher than sales of the iPhone 17 Pro line-up during its entire first week last year, according to a report published on Wednesday by Counterpoint Research. That...
Hong Kong’s IPO haul in first 9 months smashes record despite Nasdaq’s fundraising lead
Funds raised through Hong Kong initial public offerings (IPOs) doubled in the first nine months of 2026, reaching the highest level for the period since records began in 1980. A total of 112 companies raised US$48.4 billion on Hong Kong’s main board during the first nine months, according to data released by LSEG Data & Analytics on Wednesday. A further two companies listed on the city’s Growth Enterprise Market (GEM). By deal count, the combined total of 114 new listings on the main board and...
Mainland China’s PCB giant wins Hong Kong approval for planned US$3b listing: sources
Mainland China-based printed circuit board (PCB) maker Suzhou Dongshan Precision Manufacturing has cleared its final listing hurdle in Hong Kong and is moving towards a share sale that may rank among the city’s largest initial public offerings (IPOs) in the fourth quarter, according to people familiar with the matter. The company passed its listing hearing with bourse operator Hong Kong Exchanges and Clearing (HKEX) recently, the people said, requesting anonymity because the information was...
China’s DeepSeek open-sources tools to help Huawei chips supplant Nvidia in AI
Chinese artificial intelligence start-up DeepSeek on Wednesday open-sourced a suite of core tools tailored for Huawei Technologies’ Ascend AI chips, marking a step forward in the country’s push to end dependence on processors from US giant Nvidia amid US export curbs. Hangzhou-based DeepSeek released six software modules that mirror its prior open-source tools for Nvidia’s AI chips, aiming to build a new “independent and controllable” software ecosystem for graphics processing units (GPUs),...