Day: September 15, 2025

Shares of Hesai Group, the world’s largest supplier of lidar sensors, rose in their Hong Kong debut on Tuesday as investors tapped into the offering amid a slew of blockbuster deals in the city’s listing pipeline. Advertisement Trading under the code 2525, Hesai’s shares opened at HK$229.20, a premium of 7.7 per cent to the offer price of HK$212.80 per share. The company sold 19.55 million shares, including 2.55 million shares through the full exercise of the offer size adjustment option, raising about HK$4.16 billion (US$531 million) from its secondary…

Next year will see Taiwan take delivery of some big-ticket US weapons – including more M1A2T Abrams tanks and MQ-9B SkyGuardian drones – from a nearly US$22 billion long-delayed package of arms sales. The shipments will mark the highest annual volume of arms arrivals in years, significantly strengthening Taiwan’s deterrence and war-fighting capacity amid mounting threats from Beijing, according to two reports recently submitted to the legislature by the island’s defence ministry. One report on… South China Morning Post

Earlier this month, Anthropic, the American artificial intelligence company, entered the US-China fight. It barred companies from using its AI services if they were more than 50 per cent owned by Chinese entities. This was a double punch – China’s access to American technology hit another obstacle, and the global business world was prodded again to reject Chinese investment. Just a few months ago, Anthropic’s move would have knocked the wind out of China. But the recent Shanghai Cooperation… South China Morning Post

In a notable display of reconnaissance capabilities, a Chinese satellite has observed an American satellite that was itself monitoring China’s space station and high-value satellite, a move analysts described as a strategic tit-for-tat in an increasingly contested space domain. China’s Jilin-1 satellite constellation, operated by Chang Guang Satellite Technology, seized a favourable orbital window on September 8 to capture four images of the WorldView Legion satellite from distances ranging… South China Morning Post

A senior Chinese diplomat implicated the United States on Monday for holding back developing countries and called on Washington to stop tearing down global institutions. The comments in New York by Fu Cong, Beijing’s ambassador to the United Nations, did not mention the US by name. But his remarks appeared clearly directed at the administration of US President Donald Trump, with its focus on eroding institutions worldwide and breaking norms. “Unilateralism, driven by some countries, is wearing… South China Morning Post

JPMorgan Chase will cut the weight of the largest bond issuers in its flagship emerging-market index, diverting investor flows from the likes of China and India towards smaller nations. The Wall Street bank will gradually lower the issuer cap on its GBI-EM Global Diversified index in the first half of 2026, according to a client notice seen by Bloomberg. The limit will fall to 9 per cent from 10 per cent currently, with the implementation to be phased over a period of several months, the… South China Morning Post