Hong Kong could be in for another bout of “what will happen to us in …”, only with 2047 replacing 1997. I say this after attending a farewell presentation by activist investor David Webb last week. Advertisement For many years, Webb has worked on a pro bono basis to improve public knowledge of business issues. Towards the end of his fireside chat at the Foreign Correspondents’ Club, Webb asked which legal system would apply in Hong Kong after 2047 and whether our law students should continue to study the existing…
Day: May 18, 2025
Nobel physicist Giorgio Parisi takes up complexity sciences post in China
Advertisement The winner of the 2021 Nobel Prize for physics has moved from Rome to be a discipline leader at an international research centre for complexity sciences at Beihang University’s Hangzhou campus in Zhejiang province. According to a university social media post, Beihang Communist Party secretary Zhao Changlu said he hoped Parisi would recommend more top researchers to join the university and help make it more international. Parisi said he would endeavour to “promote more scientific cooperation between Beihang University and Italy, as well as with the rest of Europe”,…
EV battery maker CATL seeks new growth in clean tech ahead of Hong Kong listing
Contemporary Amperex Technology Company (CATL), the world’s largest maker of electric vehicle (EV) batteries, aims to be a leading technology provider in China’s green energy sectors as it prepares to complete the world’s biggest stock offering so far this year. Advertisement The group last year established CharGo to develop mobile storage and charging and testing robots for EVs to diversify its business. The robots can be used wherever EV charging piles or stations are lacking, fully occupied or out of reach. Drivers can book the robot-charging service by phone. “CATL…
China turns to PPPs as a ‘yellow brick road’ solution to fund big projects in Africa
China has turned to public-private partnerships (PPP) to finance big African infrastructure projects under a grand China investment initiative, a shift experts said could reduce Beijing’s financial risks while easing debt pressures on African countries. Advertisement By granting Chinese companies long-term operating rights in exchange for construction financing, the model represents a pivot from direct government loans through China’s policy banks under its Belt and Road Initiative, Beijing’s plan to build global trade and infrastructure links. From Nairobi’s mega-highway and stalled railway to Zambia’s Lusaka-Ndola dual carriageway, Beijing is encouraging…
Hong Kong stocks outperform mainland China by most since 2008
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hong Kong shares have outperformed their mainland peers by the largest margin in nearly two decades, as money pours in from China due to worries about the domestic economy and enthusiasm for the territory’s technology stocks. The benchmark Hang Seng index is up 16.4 per cent this year compared with a 1.2 per cent decline in mainland China’s CSI 300 index — the biggest outperformance year to date since 2008.…
Swiss footwear upstart On bets big on China
Stay informed with free updates Simply sign up to the Retail & Consumer industry myFT Digest — delivered directly to your inbox. On, the Swiss footwear company backed by tennis star Roger Federer that is one of the world’s fastest-growing running brands, is stepping up a push to tap the booming health and fitness industry in China as it looks to the Asian powerhouse economy to drive further expansion. Known for the distinctive holes in their springy “CloudTec” soles, On’s shoes have become a popular choice both among runners and…
Global supply chains threatened by lack of Chinese rare earths
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has begun allowing some shipments of rare earths under new export control rules, but the slow pace of approvals threatens disruption to global supply chains, according to industry participants. Beijing in early April placed export restrictions on seven rare earth elements and permanent magnets that are vital for products ranging from electric vehicles to wind turbines, humanoid robots and fighter jets. Exporters, China-based industry groups and supply chain experts…
Slow Chinese rare earth export approvals threaten supply chains
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has begun allowing some shipments of rare earths under new export control rules, but the slow pace of approvals threatens disruption to global supply chains, according to industry participants. Beijing in early April placed export restrictions on seven rare earth elements and permanent magnets that are vital for products ranging from electric vehicles to wind turbines, humanoid robots and fighter jets. Exporters, China-based industry groups and supply chain experts…
Chinese gyroscope could make navigation more stable for aircraft, ships and oil rigs
Chinese researchers say they have developed a “groundbreaking” fibre-optic gyroscope that is stable across a large temperature range and can be used for navigation. Advertisement According to the team from the Tianjin Navigation Instruments Research Institute and Jinan University, the gyroscope could offer a more stable way to measure navigation for aircraft, ships and oil rigs. Gyroscopes are devices that can sense orientation and the rate at which a moving object is turning, so they play an important role in inertial navigation systems. Those navigation systems allow for the measurement…
Have ticket, will travel? China’s concertgoers spur tourism spending spree
When tickets for comedian Jimmy O. Yang’s June shows in Hong Kong sold out within seconds, fans flooded social media to lament how tough it was to get a seat. Many commenters sardonically repurposed the title of Yang’s 2023 stand-up special: “Guess How Much?” Advertisement While some scrambled for resale tickets – complete with heavy mark-up – others outside the city found it easier to buy travel packages that included airport transfers and guaranteed bookings. Similarly, when British rock band Coldplay performed at Kai Tak Stadium in April, many travelling…