Regulations

Beijing’s new red line: Offshore firms can’t ‘de-China’

Chinese regulators are aggressively expanding its oversight on Chinese companies, moving beyond capital controls to prevent technology, data and talent from fleeing overseas. By scrutinising offshore “red-chip” structures and blocking high-profile acquisitions like Meta’s bid for Manus, authorities are signalling that corporate re-domiciliation can no longer bypass China’s tightening national security and tax net. Lianhe Zaobao correspondent Liu Sha explains.

Liu Sha

AI drives markets as valuations race ahead of earnings

From Wall Street to Shanghai, stock markets are hitting record highs as investors crowd into a narrowband of AI and semiconductor giants, turning the rally into a concentrated surge rather than a broad advance. But with gains increasingly reliant on a handful of megacap companies, is the AI boom an overstretched bubble?

Caixin Global

Will China’s drone crackdown stall the low-altitude economy?

China has tightened regulations on drones, leading to a decline in sales. However, Lianhe Zaobao correspondent Liu Liu finds out from drone enthusiasts and industry experts that while the consumer market may be affected in the short term, the low-altitude economy is slated for growth in the long run.

Liu Liu

PwC’s Evergrande crisis deepens with record Hong Kong settlement and criminal probes

Evergrande’s fraud has caught up with PricewaterhouseCoopers in Hong Kong, bringing major fines, client exits and criminal probes, and casting doubt over the accounting giant’s future in Hong Kong and mainland China.

Caixin Global

How Manus went from AI superstar to a geopolitical problem

After months of review, Chinese authorities have decided to stop Meta’s acquisition of Manus, ordering the deal to be reversed over the next few weeks. Lianhe Zaobao China news editor Yang Danxu finds out what this development means and whether such a deal can be undone.

Yang Danxu

Tit for tat: Beijing builds legal arsenal against Western sanctions and jurisdiction

US warning to Chinese banks over Iran-linked transactions triggered a swift response from Beijing, which rolled out new regulations to counter sanctions and extraterritorial legal pressure. Lianhe Zaobao associate China news editor Sim Tze Wei examines this tit-for-tat escalation now extending into the legal sphere.

Sim Tze Wei

Capital realism: A divided world, more connected than ever

Global trade is not fragmenting into isolation but entrenching new forms of interdependence. As rules diverge, connections multiply, deepen, and become harder to unwind, argues the Milken Institute’s Robin Hu.

Robin Hu

Who steers AI: China’s industrial state vs America’s frontier builders?

As AI ultimately is controlled by people, capital and intentions, understanding the US and China’s different approaches to AI will help to unlock the trajectory of Al development of the future, beyond the rhetoric of an AI “war” or counting who’s winning, says Danish academic Erik Baark.

Erik Baark

Manus plight: Should AI companies start in China or overseas?

Recent developments after Meta announced its acquisition of China-founded Manus has put Chinese tech companies on edge. Lianhe Zaobao associate China news editor Sim Tze Wei notes that the labels attached to people and assets, whether tangible or intangible, are no longer neutral, but sharply defined.

Sim Tze Wei

[Big read] China’s ‘fur kids’ fuel a billion-dollar pet boom

China’s growing love for pets has created a billion-dollar industry, with smart devices, AI services and full life-cycle care. Local governments are also backing the trend to boost domestic consumption. Lianhe Zaobao journalist Zeng Shi speaks to industry players to find out more about the shift in social attitudes and policies that have led to this growth.

Zeng Shi

With Japan less than welcoming, where do the Chinese ‘run’ to?

Amid “involution” and competition in China, some Chinese are opting to migrate to Japan. However, given the current political tension between China and Japan, things are not as rosy as they had hoped. Lianhe Zaobao correspondent Lim Zhan Ting speaks to some Chinese in Japan to get their views.

Lim Zhan Ting

The illusion of independent AI: How the US and China control the machines

The clash over Anthropic reveals a deeper reality: frontier AI is inseparable from state power. While Washington reacts and Beijing plans, both are tightening control, driving a split into rival AI ecosystems. SMU academic Liang Chen shares his analysis.

Liang Chen