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ATM machines in Central on 4 August 2024. Photo: Eugene Lee
Banking & finance

Hong Kong’s banks gird for lean times as 9-month profit growth slows

Net interest margin narrowed to 1.5 per cent in the first nine months last year from 1.67 per cent in 2023, according to HKMA data.

World Economic Forum

Trump’s threats will only drive countries away from US dollar, economists warn at Davos

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China property

Sunac’s onshore debt deal bodes well for China’s troubled property sector: experts

Hong Kong stock market

Tech stocks lead Hong Kong decline, ending 6-day winning streak

JD.com, Bilibili, NetEase and Alibaba lose ground while New Oriental Education & Technology plunges on weak earnings.

Pedestrians cross a street near an electronic billboard showing China’s 2024 GDP growth in Shanghai on January 21, 2025. Photo: Reuters
Pedestrians cross a street near an electronic billboard showing China’s 2024 GDP growth in Shanghai on January 21, 2025. Photo: Reuters
Banking & finance

China to allow foreigners to take onshore bonds offshore via repos, derivatives

China is seeking to open up its markets and support Hong Kong’s status as an offshore yuan hub.

Bonds

Hong Kong and Macau link bond systems to create larger market

Four new bond issuances worth 3.2 billion patacas (US$401 million), plus 18 secondary-market transactions, settled on first day of linkage.

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Hong Kong stock market

Hong Kong stocks rise even as Trump threatens China with tariffs on TikTok deal

US president delays TikTok ban by 75 days and threatens China with tariffs if Beijing does not approve a deal regarding the short-video app.

US President Donald Trump signed numerous executive orders, including a delay on the TikTok ban, on the first day of his presidency in the Oval Office of the White House on Monday. Photo: AFP
US President Donald Trump signed numerous executive orders, including a delay on the TikTok ban, on the first day of his presidency in the Oval Office of the White House on Monday. Photo: AFP
Banking & finance

Hong Kong to join LME warehouse network to serve China’s metals appetite

‘Major milestone’ enhances Hong Kong’s role as a conduit to China, the world’s biggest consumer of metals.

Banking & finance

Chinese regulators show support for markets ahead of Trump’s inauguration

The move is seen by some participants as an effort to boost investor confidence in times of uncertainty.

Banking & finance

Hongkongers can now open mainland accounts at HSBC, Standard Chartered, Bocom

Holders of the accounts can transfer funds to use in mobile payment apps while in mainland China.

Shoppers check out at a busy supermarket in Shenzhen. Photo: Shutterstock
Hong Kong stock market

Hong Kong stocks rise on positive talks between Trump and Xi

Tech blue chips JD.com, Alibaba and Baidu lead gainers, as investors breathe a sigh of relief on potential thawing of US-China relations.

Hong Kong stock rose after a positive conversation between Donald Trump and Xi Jinping raised hopes for easing US-China tensions. Photo: Reuters
Hong Kong stock rose after a positive conversation between Donald Trump and Xi Jinping raised hopes for easing US-China tensions. Photo: Reuters
Hong Kong stock market

What do AI, feng shui masters say about Hang Seng Index in Year of the Snake?

A look at some predictions for the Hang Seng Index, cryptocurrencies and the property market.

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China property

Home prices in China’s biggest cities stabilise under stimulus measures

Prices across 70 major cities fell in December by the smallest percentage in 18 months, and prices in the four biggest metropolises rose.

Insurance

Hong Kong life insurance bonanza driven by local buying; overseas buyers rise

New life insurance sales in the first nine months of 2024 stood at HK$169.6 billion (US$21.8 billion), the highest since the authority set up in 2016.

Insurance sales agents approach mainland tourists in Canton Road, Tsim Sha Tsui on 20 February 2024. Photo: Eugene Lee
Banking & finance

China’s consolidation of small banks accelerates to head off systemic risk

Smaller banks face more asset quality deterioration in coming years, on top of earnings pressure, Fitch Ratings director says.

A couple walks in Wuying Village on the border between south China’s Guangxi Zhuang Autonomous Region and southwest China’s Guizhou Province, on July 18, 2024. Photo: Xinhua
A couple walks in Wuying Village on the border between south China’s Guangxi Zhuang Autonomous Region and southwest China’s Guizhou Province, on July 18, 2024. Photo: Xinhua
HKEX

SFC, exchange take action against Chinese gaming company FingerTango

SFC, exchange say actions by company and directors resulted in losses of US$85 million.

Banking & finance

Hong Kong gets a boost as 3 global hedge funds open offices, recruit staff

Hudson Bay Capital, Sona Asset Management and Centiva Capital are setting up shop in the city, according to sources.

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Banking & finance

Hong Kong’s CTF Services to issue US$100 million in convertible bonds

The infrastructure unit under Chow Tai Fook Enterprises said it will apply to list the new shares on the Hong Kong exchange.

A view of the Hong Kong Convention and Exhibition Centre in Wan Chai, which CTF Services manages. Photo: Edmond So
A view of the Hong Kong Convention and Exhibition Centre in Wan Chai, which CTF Services manages. Photo: Edmond So
Banking & finance

Chinese investment bank CICC cleared to operate in Dubai financial centre

Licence is ‘a big step forward’ for cross-border deals in the United Arab Emirates, CEO of Dubai Financial Services Authority says.

Banking & finance

Key Beijing official in Hong Kong urges city to address market ‘shortcomings’

Hong Kong has shortcomings in market regulation, transaction costs and corporate governance, liaison office deputy Qi Bin tells Capital Markets Forum.

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Banking & finance

Hong Kong should seize role in clean-energy commodities, think tank says

Commodities market would ‘create a new growth point for Hong Kong’s economy’, report from Better Hong Kong Foundation says.

An aerial photo taken on September 2, 2024 shows the fourth phase of the Chinese-built Mohammed bin Rashid Al Maktoum Solar Park in Dubai, United Arab Emirates. Photo: Xinhua
IPO

Hong Kong IPOs excite funds, bankers as jumbo deals return, CICC says

Foshan Haitian Flavouring, CATL are among mainland industry leaders planning billion-dollar IPOs as China deepens market connectivity.

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A man walks past a CICC signboard in Guomao, Beijing. Photo: Getty Images
A man walks past a CICC signboard in Guomao, Beijing. Photo: Getty Images
Banking & finance

Hong Kong, GCC seek synergies in finance and infrastructure to deepen ties

Officials from Saudi Arabia, UAE, Oman and Qatar say Hong Kong can a play a major role to help diversify their economies.

Hong Kong stock market

Hong Kong bridges China, Asean, Middle East as ties grow: HKEX official

Office in Riyadh and plans for metal warehouse underscore HKEX’s role, Vanessa Lau says at Asian Financial Forum.

Banking & finance

Top CIOs cautious on global growth amid Trump and China policy uncertainties

Global markets could see a period of ‘extended volatility’ after registering solid gains last year, Manraj Sekhon of Templeton Global says.

Global markets will move on how US-China relations evolve this year. Above, then US president Donald Trump with Chinese President Xi Jinping in June 2019. Photo: AP Photo
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Big Tech

ByteDance to invest US$614 million in new China computing centre amid AI demand

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ByteDance is investing in a new data centre after creating one of China’s most popular chatbots and emerging as a major player in the domestic artificial intelligence market. Photo: Shutterstock

China EVs

BYD’s labour woes in Brazil, US bans Chinese tech in smart cars: 7 EV reads

BYD electric vehicles form a queue before being loaded onto the Chinese carmaker’s Explorer No 1 carrier for export to Brazil. Photo: China Daily via Reuters

Economic Indicators

EU tariffs failing to stop flood of Chinese electric vehicles, new trade data suggests

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BYD electric cars are stacked up for export at a port in eastern China. China’s rapidly increasing exports of electric vehicles has sparked tensions with the European Union. Photo: AFP

Tech Trends

Huawei smartphone spin-off Honor undergoes shake up after CEO’s abrupt departure

Smartphones on display at Honor’s booth at the Mobile World Congress in Barcelona, Spain, February 26, 2024. AFP

Big Tech

Alibaba Cloud rolls out expanded suite of AI models, tools in overseas push

Alibaba Cloud aims to work with 100 ecosystem partners in 2025 to develop and provide cutting-edge artificial intelligence and cloud-computing solutions for businesses worldwide. Photo: Shutterstock
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