Banking & Finance

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Hong Kong Stock Exchange

China stock market

Digital currencies

Residential buildings in Shanghai, China. Photo: Bloomberg

Can China’s mortgage rate cuts revive its faltering property market?

Worried about job cuts and a lack of high-yield investment options, homeowners are rushing to repay home loans and mortgages in advance.

Worried about job cuts and a lack of high-yield investment options, homeowners are rushing to repay home loans and mortgages in advance

15 Sep 2024 - 11:31AM

Hong Kong campaign to woo family offices gathers steam, summit attendance shows

13 Sep 2024 - 8:30PM

HKIC makes strategic investments in biotech, clean energy and health

13 Sep 2024 - 7:30PM

Hong Kong stocks rise on speculation about China mortgage-rate cuts

Hong Kong stocks jump for a second day as mainland developers rally on speculation about mortgage-rate cuts.

13 Sep 2024 - 4:41PM

Exchange Square in Central. Photo: Bloomberg

Southeast Asia, Middle East eye deeper business ties with Hong Kong

Belt and Road Summit: a deep talent pool and financial and legal acumen make the city an ideal partner for development in the two regions.

13 Sep 2024 - 9:00AM

Banking & Finance

Midea’s jumbo Hong Kong IPO priced at top of range to raise US$3.46 billion

The listing has been priced at HK$54.80 amid strong demand from global and local investors, setting the stage for ‘more mega deals’.

12 Sep 2024 - 9:46PM

US-sanctioned Chinese AI chip champion Biren plans IPO

The Shanghai-based unicorn, seen as a potential Nvidia competitor on the mainland, has begun its IPO tutoring process.

12 Sep 2024 - 4:00PM

Biren Technology is one of several Chinese AI chip designers trying to take advantage of the absence of Nvidia’s advanced chips on the mainland. Photo: Handout

Chinese companies report collective profit decline for second quarter as darkest season looms

Mainland-listed companies reported a collective decline in profit for the second quarter, due in part to a weak domestic economy.

12 Sep 2024 - 3:54PM

Across from Shanghai’s financial district. Photo: Bloomberg

Alibaba, WuXi lead Hong Kong stock rebound on inflows, Fed rate focus

Mainland investors were net buyers of HK$11.6 billion worth of Alibaba shares since it became an eligible component in the Stock Connect scheme this week.

12 Sep 2024 - 5:00PMvideocam

Banking & Finance

HSBC tops global dividend payout list; Asia-Pacific lags behind rest of world

HSBC emerged as the world’s largest dividend payer last quarter, China Mobile led Hong Kong peers as Asia-Pacific firms trailed rest of the world.

12 Sep 2024 - 10:36AM

Banking & Finance

Kazakh giant eyes Hong Kong’s dim sum bonds to fund cable project

The company’s telecoms unit Freedom Telecom plans to spend 107 billion tenge (US$236 million) until the end of 2027 on two projects in Kazakhstan.

12 Sep 2024 - 4:15PM

A view of Almaty in Kazakhstan on October 10, 2023. Photo: Xinhua

China probes Evergrande-linked wealth manager Hywin for illegal fundraising

Two suspects surnamed Han and Wang have been detained for illegal fundraising, Fengxian’s public security bureau said in a statement.

11 Sep 2024 - 9:40PMvideocam

The Hywin Wealth logo atop a high-rise tower in Shanghai. Photo: Handout.

Banking & Finance

Investors eat up dim sum bonds from Guangdong province, Hong Kong’s MTR

Issuance of offshore yuan-denominated bonds has jumped 28 per cent this year, according to the Hong Kong Monetary Authority.

11 Sep 2024 - 6:00PM

Banking & Finance

Evergrande founder’s ex-wife gets US$26,000 monthly expense amid asset freeze

Hui Ka-yan’s ex-wife Ding Yu Mei lives in a luxury apartment in London and has US$4 million in her UK bank account, according to court documents.

11 Sep 2024 - 4:22PMvideocam

Banking & Finance

Regulatory support, connector role a boon to Hong Kong’s med-tech hub ambition

InvestHK has assisted nine medical technology companies to set up or expand their businesses, attracting US$7.7 million of investments.

11 Sep 2024 - 7:30AM

Tai Po InnoPark’s purpose-built facilities offers space for med-tech companies to set up shops in Hong Kong. Photo: Wilson Lau

Banking & Finance

Hong Kong sells ‘Silver Bonds’ at 4% coupon before interest rate cut

Bonds will support long-term infrastructure projects ‘for the good of the economy and people’s livelihood’, says financial secretary.

11 Sep 2024 - 9:16AM

People rest in a park in Cheung Sha Wan on May 29, 2024. Photo: Jelly Tse

Momo, Vietnam’s Alipay, sees growth in digital wave, expanding middle class

Vietnam’s mobile-payments leader is expanding its presence in offline consumption while boosting financial services and merchant solutions.

10 Sep 2024 - 11:51AM

Questex returns to Hong Kong for hospitality investment event

Questex picks Hong Kong for its yearly hospitality investment event, six years after closing its office in the city.

10 Sep 2024 - 5:19PM

Banking & Finance

US private-equity firm invests in Chinese-owned personal care brand Stenders

Investment firm says now is a good time to lean into China’s consumer sector amid lower competition and valuations.

10 Sep 2024 - 5:27PM

An assortment of Stenders bath bombs. Photo: Handout

Missing financier Bao Fan’s China Renaissance falls after shares resume trading

China Renaissance Holdings shares plummet in Hong Kong as the stock resumes trading after 17 months of suspension.

9 Sep 2024 - 4:56PM

The China Renaissance logo. Photo: Reuters

Hong Kong stocks slide to 3-week low as Citigroup cuts target on weak outlook

Citigroup lowered its Hang Seng Index target by 3 per cent in a note on Monday, citing weak consumption and corporate earnings outlook.

9 Sep 2024 - 4:47PMvideocam

Banking & Finance

Chinese home appliance giant Midea seeks largest Hong Kong IPO in 3 years

The jumbo IPO would be the city’s biggest new-share offering since JD Logistics raised the equivalent of US$3.64 billion in May 2021.

9 Sep 2024 - 5:02PM

Banking & Finance

UOB eyes domination in Southeast Asia’s US$2 trillion trade finance business

UOB has only 1 per cent of the trade financing market in the region, leaving a huge room for the bank to build its dominance.

9 Sep 2024 - 6:00AM

Chin (right) discusses the regional trade outlook with Kevin Huang, COO of SCMP, at the UOB Gateway to Asean Conference in Ho Chi Minh City last week. Photo: Handout

Macroscope | Bond boom a sign of reality catching up with bubbly stock markets

Anthony Rowley

14 Sep 2024 - 4:30PM

Amar Gill,Lake Wang

Opinion | Time for Hong Kong’s corporate boards to get in line with global norms

Amar Gill

Lake Wang

11 Sep 2024 - 6:06PM

Opinion | Hong Kong should be on the front lines of climate finance

Patrick Lau

10 Sep 2024 - 8:30PM

The View | Global stock sell-off in August carries a warning we should heed

Richard Harris

5 Sep 2024 - 5:53PM

Opinion | How Hong Kong’s battered stock exchange can earn its reputation back

Jeffrey Wu

25 Aug 2024 - 10:47AM

Opinion | How emerging nations are already dethroning the West

Anthony Rowley

27 Jul 2024 - 4:30PM

Renaissance shares crash after Chinese billionaire banker goes missing

Money Machine Part 1: When Mao’s former barefoot doctor helped a US fund buy a Chinese state bank

Money Machine Part 2: When Mao’s former barefoot doctor helped a US fund buy a Chinese state bank

HKMA invites financial heavyweights to its 30th birthday bash

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