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A view of New World Tower in Central on September 26, 2024. Photo: Jelly Tse

New World Development ejected from Hang Seng Index

Quarterly review adds video platform Kuaishou Technology and New Oriental Education & Technology to the Hong Kong benchmark.

Hong Kong’s wealth sector thrives as political uncertainty, geopolitics swirl

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Citigroup CEO meets Chinese officials as Beijing touts financial market reforms

Recap | Shanghai court says crypto ownership legal, Hong Kong food-delivery drones: 5 tech stories

Explore China’s tech landscape, from crypto ownership to AI-driven stock investments, in our latest stories from the world of technological innovation.

Amid a record-setting bitcoin price surge, a Shanghai court has released an opinion stating that the personal ownership of cryptocurrencies is not against Chinese law. Photo: Reuters

Bitcoin hits US$97,000 as crypto sector seeks White House post

The world’s largest digital asset reaches an all-time high in Asia on Thursday.

Blackstone to train Hong Kong wealth managers as private assets gain favour

Alternative asset manager launches Blackstone University programme along with Private Wealth Management Association.

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Editorial | More growth ahead as cross-border Connect turns 10

Status of Hong Kong as offshore financial hub for mainland China has been greatly enhanced by ever-widening investment scheme.

Investors watch stock market trends at a securities firm in Nanjing, in east China’s Jiangsu province. A cross-border stock scheme, which is marking its 10th anniversary, provides mainland investors with new avenues to channel their money. Photo: Xinhua

Shanghai court says crypto ownership legal in China amid bitcoin price surge

In an opinion on a recent lawsuit, a Shanghai judge wrote that cryptocurrencies have the attributes of property and thus holding it is legal.

Could Hong Kong property tycoons’ backing lead to revival of IPOs?

Hong Kong billionaires are cornerstone investors in SF Holding’s US$793 million IPO, the first time tycoons have backed a listing in the city since 2022.

‘Money in motion’ as top financiers discuss diversification at Hong Kong summit

The Global Financial Leaders’ Investment Summit will be back for a fourth year next November, HKMA CEO Eddie Yue says.

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Financial Secretary Paul Chan delivers his keynote speech at the Global Financial Leaders’ Investment Summit on Wednesday. Photo: Handout from ISD

‘China plus one’ strategy to boost Asia’s growth amid Trump’s trade war

Diverting investments from China to neighbouring economies as a hedge against tariffs and geopolitical risks will boost Asia’s growth, HSBC’s Elhedery says.

Donald Trump’s return to the White House could prove to be boon for Asia, as investments are directed to the region, bankers said at the Global Financial Leaders’ Investment Summit on Tuesday. Photo: Getty Images/TNS

Chinese courier giant seeks up to US$793 million from Hong Kong IPO

China’s largest express delivery company is selling 170 million shares at HK$32.30 to HK$36.30 each, with the listing to take place on November 27.

Chinese banks surge on CSRC guideline urging more shareholder returns

Chinese banks soar after regulator pushes for increased shareholder returns, aiming to enhance stock prices and corporate governance.

Hong Kong investors say they are bullish about Trump presidency, survey shows

Survey shows 70 per cent of Hongkongers believe Trump will be better for global economy than opponent Harris.

People crossed the street in Central. Photo: Sam Tsang

Alibaba to sell bonds to repay debt, fund buy-back amid low rates

The Chinese e-commerce leader is issuing bonds denominated in US-dollar and yuan to help repay debt and fund stock repurchases.

Alibaba plans to issue new bonds to fund its share repurchases and repay debt. Photo: Shutterstock

Exclusive | China is ‘very much’ investible, offers unique diversification: Bridgewater

More stimulus is needed as spending is still too low to achieve its growth target, co-CIO Prince says.

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Hong Kong eyes rich Europeans with London, Paris, Milan on family office agenda

Top InvestHK official sets off on week-long trip to Europe to meet family office representatives and speak at finance forum.

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Exclusive | Manulife on track to reach 50% Asia earnings target by 2027

Asia was the largest profit contributor to Canadian insurer in the third quarter, with 44 per cent of the group’s earnings coming from the region.

Manulife completed 25 years of listing in Hong Kong in October. Photo: Shutterstock

Macroscope | Trump’s tariff weapon may amount to little in a changed world

US-China decoupling and trade diversification across the Asia-Pacific mean Trump’s tariffs are no longer capable of mass destruction.

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Hong Kong to issue HK$20 billion retail infrastructure bond

The bond, which have a tenor of three years, will provide assured returns of 3.5 per cent to be paid every six months.

Editorial | Latin America speaks language of business Hong Kong wants to hear

As geopolitical tensions between the US and China take toll, city is wise to look further afield to strengthen financial, trade and commercial ties.

Police officers stand by in Lima, Peru, ahead of the arrival of world leaders for the Asia-Pacific Economic Cooperation conference. Photo: EPA-EPE

China’s chip start-up taking on Nvidia kicks off pre-IPO process

Moore Threads has hired Citic Securities to start the ‘tutoring’ process as it seeks to capitalise on enthusiasm in China’s semiconductor industry.

Graphics processing unit designer Moore Threads is pursuing a potential public listing amid enthusiasm around progress in China’s chip industry. Photo: Moore Threads Technology

Hong Kong politician snaps up Tin Hau hotel at bargain price

Bunny Chan, who is a deputy to the National People’s Congress, and Paggy Chan, are the new owners of Twenty One Whitfield.

Hong Kong urged to deepen bay area ties, help region’s firms expand abroad

Recent bay area trade show that drew 2.26 trillion yuan in investments is a sign of revived investor confidence, observers say.

UBS cuts China stock forecast amid Trump tariff threat, weak stimulus

Swiss money manager cuts mid-2025 and end-2025 targets for MSCI China Index because of tariff uncertainties and disappointing stimulus.

UBS Global Wealth Management, which is part of UBS Group, manages US$6.2 trillion of assets. Photo: Reuters

China’s AI chip unicorn Moore Threads moves closer to possible IPO

The GPU and AI-accelerator start-up, founded by an Nvidia veteran, has become a joint-stock company after fresh investments.

Moore Threads is one of China’s top GPU designers. Photo: Handout

Bhutan aims to sell Southeast Asia on its 21-year ‘mindfulness city’ project

The tiny Himalayan kingdom is looking to raise US$100 million to get its planned special administrative region off the ground.

China’s embattled property developers see sales surge in October

A release of pent-up demand driven by rate cuts has given developers a much-needed sales boost.

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Investing
Latest news and features on investing, with a particular focus on the economies in Hong Kong, mainland China and Asia.
last updated:
9 September, 2024
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