Day: May 16, 2025

In the second instalment of a three-part series on financial decoupling between China and the US, experts tell the Post how pressure on US-listed companies from the mainland could be a windfall for Hong Kong’s markets. Read the first part here. Advertisement A month ago, Patrick Tsang, the CEO of Deloitte China, learned that the US government had declined to rule out the possibility that Washington could delist Chinese stocks from American exchanges. Around 286 mainland ­companies trading in the US came under threat of delisting after Treasury Secretary Scott…

The Chinese military marked the world’s first recorded use of rockets in combat nearly eight centuries ago, when they deployed fire arrows and possibly gunpowder-launched grenades against Mongol invaders in the Battle of Kaifung-fu in 1232, according to Nasa. Advertisement Today, Chinese scientists and engineers are pursuing technological upgrades to transform the affordable, mass-producible traditional rocket artillery into a system capable of striking aerial targets. A research team led by professor Zhang Shifeng at the National University of Defence Technology’s College of Aerospace Science and Engineering has developed a small…

Hong Kong-based venture capital firm ORI Capital plans to launch a new fund to invest in Chinese healthcare start-ups, as the domestic biotechnology industry experiences its own “DeepSeek moment”, its founder said in an interview. Advertisement ORI, established in 2015 with two funds that primarily invest in global biotech start-ups, is in the process of raising capital for a third fund, which will “invest heavily” in China, founder and senior partner Simone Song told the Post on Monday. ORI Capital plans to raise about US$350 million for the new fund…

A senior US congressional Democrat influential on China and tech policy criticised US President Donald Trump’s administration for its rescission of an AI diffusion rule on Friday, calling the move a “horrible idea” that would ultimately benefit China. Advertisement “They’re rescinding prohibitions on whom we can sell the most advanced semiconductor chips to in the world, and one of them is in the Middle East,” said US congressman Raja Krishnamoorthi, an Illinois Democrat and ranking member of the House Select Committee on the Chinese Communist Party. “And so, we’re about…