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Banking & finance
Banking & Finance
HKMA picks 10 banks, 4 tech firms to test GenAI usage in financial sector
Participants will be onboarded to a platform of an AI supercomputing centre operated by Cyberport, with technical trials expected to begin early next year.
19 Dec 2024 - 8:06PM
IPO
Hong Kong IPO: actor Roger Kwok’s Herbs Generation ends up 10% on debut
19 Dec 2024 - 5:03PM
Hong Kong Monetary Authority (HKMA)
Hong Kong banks cut lending rates, but HKMA warns of volatility ahead
19 Dec 2024 - 4:50PM
Blockchain
Digital currencies
Hong Kong licenses 4 more crypto exchanges amid bitcoin price surge
The approvals bring the total number of licenced virtual asset firms to seven, as Hong Kong moves to revive its crypto industry.
18 Dec 2024 - 8:56PM
People stand next to bitcoin ATMs outside a cryptocurrency exchange in Hong Kong on November 14. Photo: AFP
China Economy
Banking & finance
China needs to harness the power of AI to transform its finance sector, former central banker says
The call comes amid a Chinese government drive to revitalise the economy by cultivating “new quality productive forces”.
18 Dec 2024 - 8:30PM
Banking & Finance
Hong Kong stock market
Hong Kong stock exchange to reduce minimum price changes to boost liquidity
The reform aims to lower overall transaction costs and support a more efficient price-discovery process, says HKEX deputy CEO.
18 Dec 2024 - 10:05AM
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Business
Hong Kong property
New World Development takes more beating in market as debt crisis lingers
Stock price slumps further as debt issues threaten to spiral into a crisis of confidence.
18 Dec 2024 - 4:19PM
A sign outside the headquarters of New World Development in Hong Kong. Photo: Reuters
Banking & Finance
Banking & finance
Hong Kong set to host global heavyweights at Asian Financial Forum
The event on January 13 and 14 will bring together 100 global policymakers, business leaders, investors and experts.
17 Dec 2024 - 6:30PM
Banking & Finance
Banking & finance
Chinese IPOs surge in Hong Kong as Minieye and Guming line up
The maker of autonomous-driving technology aims to raise US$100 million and the bubble-tea purveyor seeks up to US$500 million.
17 Dec 2024 - 6:18PM
Business
Banking & finance
Exclusive
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China-UAE ties evolve as Gulf nation acts as global ‘superconnector’
China’s growing heft in innovative industries is driving partnerships with the UAE, HSBC’s country head says.
17 Dec 2024 - 8:38AM
Banking & Finance
HKEX
Foreign investors gain new collateral options for China bond trades in January
The move provides flexibility to international investors and promotes yuan internationalisation, says bourse operator HKEX.
16 Dec 2024 - 8:24PM
Exchange Square in Central, home of bourse operator Hong Kong Exchanges and Clearing. Photo: Xiaomei Chen
Banking & Finance
Banking & finance
Chinese money fuels hiring spree among private banks in Hong Kong
Wealth managers like UBS, Bank of Singapore and Julius Baer are expanding teams to cater to surging mainland Chinese money.
16 Dec 2024 - 12:37PM
Banking & Finance
Banking & finance
HSBC’s unit sued in Australia for laxity in preventing online scams
The Australian Securities and Investment Commission (ASIC) lodged a claim against HSBC Bank Australia in relation to 950 reports totalling A$23 million.
16 Dec 2024 - 4:02PM
Banking & Finance
Interest rates
US Federal Reserve set to cut rates as Trump prepares for second term
Analysts expect a slower path of rate cuts next year as they have concerns about some of Trump’s key policy initiatives.
15 Dec 2024 - 12:25PM
Banking & Finance
Banking & finance
US banks face rising distress as commercial property values slump
Smaller US banks ramp up loan modifications amid slumping commercial property values.
15 Dec 2024 - 11:38AM
The Chicago skyline seen after a snowstorm. Photo: EPA-EFE
Banking & Finance
HKEX
HKEX launches fund platform to boost Hong Kong’s appeal as wealth hub
The first phase of the integrated fund platform launched on Friday provides information on more than 2,000 retail funds.
13 Dec 2024 - 5:56PM
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Business
Hong Kong property
Mystery buyer spends HK$150 million for 26 flats in shopping binge
All the flats were acquired in Kai Tak district in projects including Double Coast 1 and Twin Victoria, according to agents.
13 Dec 2024 - 8:45AM
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Banking & Finance
Banking & finance
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Abu Dhabi Global Market plans China roadshow to boost financial ties
Planned trip in February will stop in Beijing, Shanghai, Shenzhen and Hong Kong amid ‘overwhelming interest’ in the UAE financial centre.
13 Dec 2024 - 9:40PM
A view of Abu Dhabi, United Arab Emirates. Photo: Reuters
China Business
Banking & finance
Chinese soy sauce maker Foshan Haitian eyes dual listing in Hong Kong
The Foshan-based condiment maker’s board has given the go-ahead for the fundraising plan.
12 Dec 2024 - 6:13PM
Business
Banking & finance
HSBC, IFC sign US$1 billion facility to support trade financing
Partnership will help trade finance get to where it is needed, fuelling a segment that is crucial to job creation and economic growth, lender says.
12 Dec 2024 - 8:00AM
Business
China stock market
Gulf financiers bet on 35% returns from Chinese assets on stimulus bets
‘If you want growth, you have to be in this corridor from the near to the Far East,’ Gulf Capital CEO says at China-UAE summit during Abu Dhabi Finance Week.
11 Dec 2024 - 6:30PM
OPINION
Andrew Sheng
Opinion
|
In a world fraught with risk, Trump will add to the bumps
20 Dec 2024 - 8:30PM
Richard Harris
The View
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Trump could upend the US economy just as China is recovering
6 Dec 2024 - 5:55AM
4
Anthony Rowley
Opinion
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An America awash in global capital risks spreading financial instability
30 Nov 2024 - 4:30PM
Anthony Rowley
Macroscope
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Are governments finally getting serious about climate finance?
23 Nov 2024 - 4:30PM
Nicholas Spiro
Macroscope
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The most important part of China’s fiscal stimulus? Expectation management
7 Nov 2024 - 9:23PM
Nicholas Spiro
The View
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China’s property prospects aren’t all doom and gloom
4 Nov 2024 - 5:20PM
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