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Banking & finance
China Business
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.
4 hours ago
Banking & finance
HSBC, IFC sign US$1 billion facility to support trade financing
12 Dec 2024 - 8:00AM
China stock market
Gulf financiers bet on 35% returns from Chinese assets on stimulus bets
11 Dec 2024 - 6:30PM
Banking & Finance
IPO
Hong Kong’s IPO market revives on state backing after 3-year slump
The city has recorded US$10.7 billion of proceeds from 64 IPOs this year through November; more deals in December.
11 Dec 2024 - 5:30PM
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Investors are more confident about the city’s market outlook, analysts say. Photo: Edmond So
Banking & Finance
Banking & finance
China pushes M&A to build 10 hi-tech firms to be globally competitive by 2027
The industries in question include integrated circuits, biopharmaceuticals and new materials.
11 Dec 2024 - 4:56PM
Banking & Finance
Wealth management
Mainland Chinese investors unimpressed with Wealth Management Connect expansion
Restrictive marketing rules and stringent eligibility requirements will continue to deter wealthy Chinese from the scheme, analysts say.
11 Dec 2024 - 7:53PM
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Banking & Finance
Banking & finance
Bridgewater’s Ray Dalio: invest in gold, bitcoin rather than debt assets
Indebtedness in the US, China and most major countries has increased at ‘unprecedented levels’ and will not be sustainable, he says.
11 Dec 2024 - 3:06PM
Ray Dalio, founder of Bridgewater Associates, speaks during a Wall Street Journal event on May 22, 2024 in New York City. Photo: Getty Images
China Business
IPO
Chinese cosmetics firm Mao Geping shines on Hong Kong debut as shares surge 70%
The IPO was the most popular in the city this year, with the retail tranche oversubscribed 918 times.
10 Dec 2024 - 4:50PM
Banking & Finance
Banking & finance
Hong Kong banks to study heavy cheque users with eye on phase-out
Work with 10 heavy cheque-using sectors including SMEs, charities and brokers will help identify barriers to electronic payments, HKAB says.
9 Dec 2024 - 8:45PM
7
Banking & Finance
IPO
Chinese cosmetics firm Mao Geping prices shares at top end of range ahead of IPO
Shares were priced at HK$29.80, according to exchange filings.
9 Dec 2024 - 4:36PM
Banking & Finance
Ant Group
Ant Group promotes CFO Han to top post as Alipay owner marks 20-year milestone
CEO Eric Jing will relinquish his management post on March 1 next year and retain his role as group chairman, according to an internal memo on Sunday.
8 Dec 2024 - 1:58PM
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Chairman and CEO Eric Jing will relinquish his management role from March next year, according to an intermal memo on December 8. Photo: Xiaomei Chen
Banking & Finance
Digital currencies
Hong Kong to introduce stablecoin bill to regulate virtual token
The government published the Stablecoins Bill in the gazette on December 6; first reading in the Legislative Council set for December 18.
6 Dec 2024 - 7:45PM
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Business
Hong Kong property
1 in 6 Hongkongers are eyeing home purchase in next 5 years: HSBC
Around 300,000 households will be in the market, exceeding expected supply, the lender estimates.
6 Dec 2024 - 7:09PM
Banking & Finance
Hong Kong stock market
ESR shares rally on US$7.1 billion take-private offer from founders, funds
Consortium offers HK$13 per share to take ESR private, or a stock swap with an offshore entity in a bid to refocus its business.
5 Dec 2024 - 5:05PM
Banking & Finance
Banking & finance
Hong Kong needs to grow insurance talent to compete with Singapore, Dubai: CEOs
Lawrence Lam, Hong Kong CEO at Prudential, says data analysts have become more important than ever in the industry.
4 Dec 2024 - 9:18PM
People crossing a busy street in Central, Hong Kong in October 2024. Photo: Dickson Lee
China Business
Bonds
China’s 10-year bond yield slumps to record low, pressuring yuan
‘Staggering’ new low signals ‘chilling risk forecast’ amid a deflationary spiral ‘eerily reminiscent’ of Japan’s long malaise, analyst says.
4 Dec 2024 - 5:00PM
Wealth
Wealth management
StanChart to hire more wealth managers in Hong Kong, Singapore by 2028
The UK lender is banking on winning new clients with more than US$10 million of assets in target markets.
4 Dec 2024 - 4:30PM
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Commodities
Commodities
Mitsubishi loses US$90 million in suspected China copper fraud
Mitsubishi dismissed Gong Huayong, a Shanghai-based copper trader at one of its China units, after finding that he had made unauthorised trades with local companies.
4 Dec 2024 - 12:07PM
A view of the Zhengzhou Commodity Exchange in Henan province on April 3, 2019. Photo: Imaginechina.
Banking & Finance
Mergers & Acquisitions
China’s 2025 M&As may rise 15% as deals bottom out, UBS says
UBS says China M&A deal volume fell 10 per cent in November from a year earlier to US$297 billion.
4 Dec 2024 - 12:27PM
Banking & Finance
Hong Kong Monetary Authority (HKMA)
Hongkongers to get ‘Money Safe’ to protect bank funds from fraud
Additional verification procedures will be necessary to transfer locked-up funds when banks roll out the optional tool next year.
3 Dec 2024 - 6:05PM
China Business
Mergers & Acquisitions
China Mobile makes takeover bid for HKBN with US$1 billion offer
China Mobile has received undertakings from Canada Pension Plan Investment Board and US private equity firm TPG, which hold a combined 25 per cent stake.
3 Dec 2024 - 5:57PM
OPINION
Richard Harris
The View
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Trump could upend the US economy just as China is recovering
6 Dec 2024 - 5:55AM
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Anthony Rowley
Opinion
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An America awash in global capital risks spreading financial instability
30 Nov 2024 - 4:30PM
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Macroscope
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Are governments finally getting serious about climate finance?
23 Nov 2024 - 4:30PM
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Macroscope
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The most important part of China’s fiscal stimulus? Expectation management
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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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Macroscope
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Will China replace India and Japan as Asia’s new investment darling?
31 Oct 2024 - 2:47PM
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