Day: June 10, 2025

The top US diplomat in Hong Kong is likely to be heading north to take up a leading role in the United States’ Beijing embassy, the South China Morning Post has learned. Advertisement Gregory May, who arrived to serve as the US consul general for Hong Kong and Macau in September 2022, is tipped to be a top candidate for a ministerial role in the US embassy in Beijing, according to sources. It is a critical time in the relationship as Beijing and Washington engage in a series of high-stakes…

Foshan Haitian Flavouring and Food Company, the largest listed condiment producer in mainland China, is seeking to raise up to HK$9.56 billion (US$1.22 billion) in Hong Kong, marking one of the city’s largest initial public offerings (IPOs) this year and giving a boost to its status as a world-leading fundraising hub. Advertisement The company is offering 263.2 million H shares at a maximum price of HK$36.30 each, with the final offer price to be determined on or before June 17, Haitian said in a statement to the Hong Kong stock…

China’s J-20 stealth fighter has tripled its radar detection range, thanks to semiconductor advancements over the past two decades led by Shandong University scientist Xu Xiangang, according to the university. Advertisement A silicon-carbide (SiC) semiconductor material developed by Xu’s team had powered a threefold increase in the detection range of phased array radar systems, allowing Chinese radars to swiftly detect enemies and gain the first-mover advantage, the university said on its social media page. “From the J-20’s on-board systems to advanced weaponry, this ‘Chinese chip’ is crucial for national security,”…

Eve Energy, China’s fifth-largest producer of electric vehicle (EV) batteries, plans to raise fresh capital on the Hong Kong stock exchange, following the lead of its bigger rival Contemporary Amperex Technology (CATL) as international investors show a growing appetite for the country’s industrial gems. Advertisement The Shenzhen-listed company said on Tuesday that its board had endorsed a fundraising plan aimed at bolstering its international expansion, but details about the share offering were still in the works. The flotation would “enhance the company’s capital strength, overall competitiveness and international brand awareness”,…

Beijing’s imposition of rare earth export restrictions from April – playing its trump card in the face of Washington’s intensifying tariffs and tech curbs – helped send a message to Washington ahead of this week’s discussions over bilateral export-control issues. Advertisement Considered a trump card because rare earths have an outsized impact on auto, electronics and defence industries, and China dominates the supply chain, the trade in such critical minerals is widely expected to be among the key topics this week in discussions between high-ranking US officials and Chinese Vice-Premier…