mainland China
Coverage of mainland China in the Nexus archive.
- Typhoon Bavi: more than 130 flights connecting Hong Kong to region axed
Over 130 flights between Hong Kong, Taiwan, mainland China, and Japan were cancelled due to Typhoon Bavi, with 10 high-speed rail services also suspended. Hong Kong International Airport reported 64 inbound and 71 outbound flights axed, primarily affecting routes to Taipei, Kaohsiung, Shanghai, and Hangzhou.
- Uniqlo defies sluggish China market with double-digit profit growth
Japanese apparel retailer Uniqlo reported double-digit profit growth and higher revenue in mainland China despite sluggish domestic consumption and bilateral tensions. The growth was driven by enhanced marketing and strong sales of summer products like easy pants, UV-protection items, and T-shirts.
- Uniqlo defies sluggish China market with double-digit profit growth
Japanese apparel retailer Uniqlo reported double-digit profit growth and higher revenue in mainland China amid sluggish domestic consumption and bilateral tensions. Same-store sales increased due to enhanced marketing and strong demand for summer products like easy pants and UV-protection items.
- Xiaomi preps for fierce EV race with new SUV line, long-range battery tech
Xiaomi, a smartphone vendor now one of Tesla’s biggest challengers in mainland China’s EV market, is developing a new SUV line called Sky Nomad with extended-range battery technology to counter domestic sales slowdown.
- Super Typhoon Bavi: dozens of Hong Kong flights cancelled as storm nears Taiwan
Super Typhoon Bavi has caused the cancellation of over 40 outbound flights from Hong Kong to Taiwan, mainland China, and Japan, operated by airlines including Cathay Pacific Airways and HK Express. Some flights are delayed to Sunday, and local carriers are offering special arrangements for affected passengers.
- Hong Kong top retirement choice for ultra-rich expats, St James’s Place says
Two-thirds of ultra-rich expatriates in Hong Kong plan to retire in the city due to stronger financial benefits, according to a St James’s Place survey of 450 affluent residents. The survey found 17% of respondents held Hong Kong or mainland China passports, while others were citizens of various global jurisdictions.
- Tourist arrivals in Hong Kong jump by 13% to 26.7 million in first half of year
Tourist arrivals in Hong Kong increased by 13% to 26.7 million in the first half of 2026 compared to the same period in 2025, driven by more mega-events and expanded destinations. Tourism minister Rosanna Law Shuk-pui reported a 16% rise in visitors from mainland China and a 5% increase in foreign tourists.
- Mainland China markets follow US in embracing tech stock dominance
Mainland China’s stock markets are aligning with US markets in tech stock concentration, with technology stocks now representing 27% of the CSI 300 Index—double the weight from a year ago and the largest sector in the benchmark.
- China’s EV deliveries remain stuck in downward spiral, exacerbating industry worries
China's EV deliveries fell 7% year-on-year in June compared to 2025, marking the sixth consecutive monthly decline. Carmakers offered promotions to attract budget-conscious consumers, but the trend is raising concerns about the industry's profitability.
- Why Hong Kong students are heading to mainland China to intern
Hong Kong students are increasingly seeking summer internships in mainland China due to expanded government and university cross-border placement programs. They cite opportunities in diverse sectors, hands-on experience in a larger market, lower living costs, and cross-border exposure as career advantages.
- Hong Kong Hetao innovation hub fully leases 2 wet lab buildings amid strong demand
Hong Kong’s Hetao innovation hub, part of the Northern Metropolis megaproject, has fully leased two wet laboratory buildings in its first phase. Over half of the tenant companies are from mainland China, according to chairman Kevin Choi Kit-ming.
- Hong Kong retail sales grow 7.9% in May, extending winning streak to 13 months
Hong Kong’s retail sales increased by 7.9% year-on-year in May, reaching HK$33.8 billion, driven by higher visitor numbers during mainland China’s Labour Day golden week holiday. This marks the 13th consecutive month of growth.
- Hong Kong, mainland China to start sharing data this year: tech minister Sun Dong
Hong Kong and mainland China are set to begin cross-border data sharing this year as more companies operate in the Hetao innovation hub, according to tech minister Sun Dong. The announcement was made amid discussions about Hong Kong's administrative achievements and future plans.
- Eli Lilly is handing China sales rights for a breast cancer drug to Innovent Biologics
Eli Lilly has transferred sales rights for the breast cancer drug Verzenios in mainland China to Innovent Biologics. Innovent will manage importing, marketing, and distribution as generic competition emerges.
- Bahrain doubles down on Hong Kong to woo mainland China capital amid Middle East tensions
Bahrain has increased its presence in Hong Kong to attract mainland China capital, with two major Bahraini investors already investing in the region. The kingdom aims to leverage financial deregulation to draw more foreign investment amid Middle East tensions.
- The final insurance frontier: Hong Kong spots opportunity in mainland China’s space boom
Hong Kong identifies an opportunity in mainland China’s underinsured commercial space sector, as only third-party liability insurance is mandatory for activities like launches and in-orbit operations. The sector remains largely optional for coverage in areas such as research, manufacturing, and testing.
- Why are Hong Kong, mainland China universities gaining ground in global rankings?
Hong Kong and mainland China universities have risen in global rankings over the past five years, while over 70% of US institutions declined. A South China Morning Post analysis attributes this shift to growing excellence in Asian higher education, with Quacquarelli Symonds (QS) noting the trend reflects a global diversification of academic leadership.
- Hong Kong is betting on integration with mainland China but what are the risks?
The article examines Hong Kong's efforts to integrate with mainland China, highlighting the opportunities and obstacles in this process. It also mentions a materials scientist, Eddie Yu, who developed biodegradable materials inspired by sustainability concerns.
- Hang Seng Index heads for worst week in over a year as renewed sell-off engulfs tech names
The Hang Seng Index is on track for its worst weekly performance in over a year as technology stocks face renewed selling pressure, with the index down 2.3% and the Hang Seng Tech Index falling nearly 4%.
- Hong Kong to send welfare cash to elderly’s mainland Chinese bank accounts from July
Hong Kong will allow elderly welfare recipients in Guangdong and Fujian to receive cash assistance directly into their mainland Chinese bank accounts starting July. Chief Executive John Lee Ka-chiu announced the service during a visit to Fujian.
- Hong Kong stocks rebound, in contrast to overnight sell-offs in US
Hong Kong stocks rebounded on Wednesday with the Hang Seng Index and Hang Seng Tech Index rising 0.6% and 1% respectively, contrasting with US stock market declines driven by concerns over technology company valuations and leveraged bets on South Korean chipmakers. Mainland China’s CSI 300 Index fell 0.1%.
- As China plans for demographic crisis, some sectors see opportunity
China is becoming one of the world's fastest-ageing economies, prompting concerns about productivity and population imbalances. Goldman Sachs highlights pharmaceutical and biotechnology sectors as potential beneficiaries, while carmakers and technology hardware manufacturers may face challenges.
- As China plans for demographic crisis, some sectors see opportunity
China's aging economy is causing concerns over productivity and the gap between working and retired populations. Goldman Sachs highlights pharmaceutical and biotechnology sectors as potential beneficiaries, while carmakers and technology hardware manufacturers may face challenges.
- Hong Kong police arrest 7 over knifepoint robbery of HK$7 million in gold bars
Hong Kong police arrested seven individuals, including four men and three women, in connection with a knifepoint robbery of six gold bars worth HK$7 million. The robbery occurred at an airport car park, with the victim hired to transport the gold from Indonesia to Hong Kong. Some suspects are believed to have fled to mainland China.
- Hyrox World Championships may draw high-spenders to Hong Kong, experts say
Hong Kong is set to host the Asian debut of the Hyrox World Championships in June next year, with experts suggesting the event could attract high-spending visitors due to the city's proximity to the mainland China market. The event, which will take place at the AsiaWorld-Expo, follows the championships being held in Sweden this weekend.
- JPMorgan restricts Anthropic in Hong Kong
JPMorgan Chase restricted Hong Kong employees' access to Anthropic’s AI models due to pressure from the US government and Anthropic. The White House blocked foreign nationals from using Anthropic’s advanced models, prompting Anthropic to shut public access, while the bank’s move follows Goldman Sachs’ similar restrictions and raises concerns about Hong Kong’s revival as a financial hub.
- What launch of Himars rockets towards Taiwan Strait says about Taipei’s battle plans
Taiwan recently launched Himars rockets westward toward the Taiwan Strait as part of a defensive strategy shift to mobile strike weapons. The June 10 exercise marked the first such launch toward mainland China, with Beijing yet to respond.
- Pizza Hut, overtaken by the arrival of delivery culture, will be sold for $2.7 billion
Pizza Hut, a 68-year-old chain struggling with competition and outdated restaurants, is being sold by Yum Brands to LongRange Capital for $2.7 billion, with the mainland China business excluded and the transaction valued at $1.5 billion. The sale reflects challenges from the rise of delivery culture.
- Yum Brands is selling Pizza Hut for $2.7 billion to shed its weakest brand
Yum Brands is selling Pizza Hut for $2.7 billion to divest its weakest brand. The transaction splits into two parts, with LongRange Capital acquiring most of the chain and Yum China obtaining its mainland China locations.
- Struggling Pizza Hut sold for $2.7 billion by parent Yum Brands
Yum Brands is selling Pizza Hut, excluding its mainland China business, to LongRange Capital for $1.5 billion. The mainland China Pizza Hut will be acquired by Yum China Holdings Inc. for $1.2 billion.
- Struggling Pizza Hut sold for $2.7 billion by parent Yum Brands
Yum Brands is selling Pizza Hut, excluding its mainland China operations, to LongRange Capital for $1.5 billion and Yum China Holdings Inc. for $1.2 billion. The total transaction amounts to $2.7 billion.
- Taiwan’s website for intelligence tips from mainland China spurs debate
Taiwan’s National Security Bureau launched a website for mainland Chinese to report intelligence on political, military, economic, and social matters. The initiative, modeled after practices in the United States, Britain, and Israel, has sparked debate about its workability.
- Hong Kong opens consultation on first 5-year plan that echoes mainland China’s playbook
Hong Kong launched a public consultation for its first five-year plan, aligning with mainland China’s 15th five-year plan for 2026–2030. The plan aims to strengthen Hong Kong’s role as an international financial hub and advance projects like the Northern Metropolis and Greater Bay Area while maintaining a free-market economy.
- Hong Kong opens consultation on first 5-year plan that echoes mainland China’s playbook
Hong Kong has launched a public consultation for its first five-year plan, a politically symbolic move that aligns with mainland China’s development approach. The initiative marks a shift toward a strategy similar to that of mainland China.
- SpaceX: Why Chinese investors are banned from the biggest IPO in history
SpaceX has barred investors from Hong Kong and mainland China from participating in its upcoming IPO, citing geopolitical sensitivities. Chinese investors are instead turning to cryptocurrencies allegedly linked to U.S. companies to access the offering.
- Can Hong Kong cash in on ecotourism without trashing its natural treasures?
Hong Kong's Ham Tin Wan beach in Sai Kung was overwhelmed by 500 tents during a holiday, as mainland Chinese tourists participated in camping tours. The surge in visitors raised concerns about environmental impact, with hotpot dinners and camping gear contributing to the strain on the remote location.
- EVs capture two-thirds of China’s car market in record-breaking week
Electric vehicles accounted for 66.7% of new car sales in mainland China during the first week of June, according to the China Passenger Car Association. This marks an increase from 62.9% in May, driven by the global energy crisis benefiting Chinese battery-powered carmakers.
- Mainland China set to raise US$2.2b in Hong Kong bond sale amid demand for yuan assets
Mainland China's Ministry of Finance plans to issue 15 billion yuan ($2.2 billion) in sovereign bonds in Hong Kong next week, its third issuance this year, to strengthen Hong Kong's role as the world's largest offshore yuan trading hub. Analysts anticipate strong demand due to the yuan's appreciation and international investors seeking portfolio diversification amid geopolitical tensions.
- AXA launches a new insurance and wealth platform for HNWIs as Hong Kong wealth surges past Switzerland
AXA launched AXA Global Private, a Hong Kong-based platform combining insurance, wealth management, and succession services for high-net-worth individuals. The platform targets mainland Chinese clients seeking diversification and protection for family assets, as Hong Kong surpasses Switzerland as the world’s largest cross-border wealth hub.
- Beijing deploys new missiles matching Patriots opposite Taiwan
Mainland China has deployed a new missile, likely the HQ-16F, to frontline troops facing Taiwan. The missile is comparable to US Patriot PAC2 and 3 systems, and the 73rd Group Army conducted its first live-fire test in the Gobi Desert. The unit is part of the People’s Liberation Army Eastern Theatre Command.