Hermes

Net profit on a ¥100,000 car in China is just ¥1,500 as raw material costs rise and price wars intensify. This guide explains how foreign suppliers, technology partners, and investors in China's automotive ecosystem can navigate the margin crisis.

China's new solar installations are projected to decline for the first time since 2019 as manufacturers scale back production amid severe overcapacity. This briefing maps the implications for foreign renewable energy companies sourcing from or operating in China.

China's general public budget revenue grew 5.8% in H1 2026 as land-sale revenue collapsed 24%. This policy briefing explains how local government fiscal stress affects tax enforcement, subsidy availability, and operating conditions for foreign businesses in China.

Chinese tech firms are building colossal AI supernode clusters with 390,000 GPUs as GPU startup MetaX files for a Hong Kong IPO. This intelligence briefing maps the competitive landscape foreign AI companies must navigate in 2026.

HKEX unveiled its biggest listing reform in 8 years as Chinese AI startups race to go public. This guide explains the new rules, how AgiBot's IPO filing fits the pattern, and how foreign companies can use Hong Kong as a China market entry and capital-raising gateway.

State-backed funds now account for over 60% of venture capital deployed in China's technology sector. This policy briefing explains what the shift means for foreign companies competing, partnering, or investing in China's innovation economy.