Day: December 1, 2025

Chinese drug maker 3SBio plans to raise HK$3.12 billion (US$401 million) by selling a 4.14 per cent stake in the company to fund clinical research in China and the US and expand the global reach of its drug portfolio. The Shenyang-based biopharmaceutical firm has agreed to sell 105.1 million new shares at HK$29.62 each. The placing price represents a 6.5 per cent discount compared with Monday’s closing price of HK$31.68, according to its filing with the Hong Kong stock exchange on Tuesday. The share placement follows strong investor appetite for…

Northern regions across China are introducing “snow breaks” this winter as part of broader efforts to stimulate domestic tourism and spending amid deflationary pressures. Northeastern Jilin province is the latest to announce the initiative, with plans to give primary and secondary school pupils a short holiday from Wednesday to Sunday. The additional days off will not shorten the traditional winter and summer holidays, the local government said. Government agencies, enterprises and public institutions have also been encouraged to grant parents leave during the break, Jilin’s education bureau announced on Friday.…

The PLA’s new “drone carrier”, a key asset for potential amphibious operations against Taiwan, appears to have conducted its second sea trial, marking quick progress towards deployment amid heightened tensions between Beijing and Tokyo over the island. A large vessel departed from the Hudong–Zhonghua shipyard on Friday, according to a navigation warning issued a day earlier by the Shanghai Maritime Safety Administration. The notice did not identify the vessel, but it is believed to be the Sichuan, the People’s Liberation Army’s first Type 076 amphibious assault ship, which was built…

The Asian neighbours have been working to improve relations in recent months, following a deadly clash in 2020. But the sensitivity of the border issue – one of the most intractable disputes between the two countries – can be traced back to the 1962 conflict, which left a profound fault line. Advertisement However, a peer-reviewed study by an Indian academic published earlier this year said “policies pursued by the United States and the Soviet Union during the late 1950s and early 1960s had a mix of intended and unintended consequences…

Some of China’s affluent middle class is unwinding bets on Japan, cashing out in real estate and shelving migration plans as a diplomatic stand-off invites a wait-and-see mood on the once-hot destination for capital and talent. The reversal follows escalating tensions sparked by Japanese Prime Minister Sanae Takaichi’s remarks on Taiwan last month. Intermediaries report a surge in profit-taking on property and rising pessimism over immigration, with the chill extending to business visits and education. Liang Bo, a long-time consultant for studying abroad in Japan, said the most frequent question…

At least three Chinese electric vehicle (EV) assemblers rewrote their monthly sales records in November, as consumers rushed to dealers before tax breaks and cash subsidies are phased out from January 1. Analysts and dealers, however, expect a sharp fall in deliveries at the beginning of the new year as buying interest dries up. Stellantis-backed Leapmotor, one of the fastest-selling EV makers this year, delivered 70,327 vehicles in November, hitting an all-time high for the seventh consecutive month. The sales just about beat October’s tally of 70,289 units. Advertisement Voyah,…