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Latest news and features on investing, with a particular focus on the economies in Hong Kong, mainland China and Asia.
Demand for gold jewellery soared in China during the run-up to Valentine’s Day. Photo: Getty Images
China's economic recovery

How a Valentine’s Day fad sparked a ‘gold rush’ in China

Demand for gold jewellery spiked in China ahead of Valentine’s Day as consumers pivoted away from other luxury gifts.

Banking & finance

Hong Kong’s market watchdog reviews 8 brokerages amid IPO frenzy

Gold in Hong Kong

Hongkongers rush to sell, buy gold as precious metal’s price hits record high

Hong Kong economy

Editorial | Allowing repurchase agreements gives Hong Kong the edge on last mile

New “Repo Connect” reform demonstrates mainland support for the city and internationalisation of the yuan.

Hong Kong skyline with business area taken at The Peak. Photo: Sam Tsang
Banking & finance

Hong Kong fund invests in medical firm to nurture city’s innovations

Government fund invests in New Frontier Group, co-founded by former financial secretary Antony Leung.

Alibaba

Alibaba’s AI deal with Apple lifts Hong Kong shares by most in 2 years

The deal, which leverages Alibaba’s Qwen AI model, could boost iPhone sales in China and solidify Alibaba’s position as a leading AI player.

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IPO

China’s Mixue seeks US$500 million in Hong Kong IPO after Guming’s share sale

The mainland’s top bubble tea maker plans to launch its IPO later this month and list in early March, report says.

Chinese bubble tea maker Mixue operates more than 40,000 stores in mainland China and overseas. Photo: Handout
Fame and celebrity

Who is Fast & Furious stalwart Jordana Brewster’s husband, Mason Morfit?

The investor and head of ValueAct Capital, known for his ‘nice guy’ persona, lived in Asia, manages billions of dollars in assets and plays guitar in the rock band Birdseed.

China property

China Vanke secures US$383 million lifeline from top shareholder

The developer is transferring an 18 per cent stake in its property management unit Onewo as collateral.

DeepSeek

China’s AI venture capitalists miss out on DeepSeek frenzy

DeepSeek founder Liang Wenfeng once said that Chinese venture capitalists were hesitant in backing pure research projects.

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DeepSeek’s surprising rise has left China’s top venture capital firms without a stake in the country’s hottest AI start-up. Photo: Shutterstock
Hong Kong property

Hong Kong’s NWD prices State Pavilia project in North Point at massive discount

Hong Kong developer, struggling with US$16 billion in debt, prices 88 units at HK$18,540 per square foot on average, an eight-year low for the area.

New World’s State Pavilia residential project is coming up on the site of the former State Theatre in North Point. Photo: Jelly Tse
IPO

Chinese bubble-tea giant Guming targets US$200 million in Hong Kong IPO

The company, which sells under the Good me brand, is offering 158.6 million shares in a price range of HK$8.68 to HK$9.94 each.

Indonesia

Indonesia approves investment arm to replicate success of Singapore’s Temasek

The agency, dubbed Danantara, is set to receive trillions of rupiah in initial capital as it aims to improve returns from state investments.

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HKEX

Hong Kong stock market seeks to maintain impetus in the Year of the Snake

Financial Secretary Paul Chan says he is cautiously positive about the Hong Kong stock market in the Year of the Snake.

(From left)Central government liaison office deputy Qi Bin, HKEX chairman Carlson Tong, Financial Secretary Paul Chan, and HKEX CEO Bonnie Chan attend the Lunar New Year ceremony at the Hong Kong stock exchange on Monday. Photo: Edmond So
Hong Kong property

SHKP’s Sai Sha project: can it be the next Taikoo Shing or Lohas Park?

Hong Kong’s biggest property developer is likely to launch the first batch of 781 flats in the Sai Sha project this quarter.

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A general view of Taikoo Shing. The first phase of the 12,698-unit development was launched in 1977. Photo: Jelly Tse
Family offices

Exclusive | For Hong Kong, family offices and IPOs are major growth engines: Deloitte

Hong Kong is particularly appealing to wealthy families from mainland China and Southeast Asia to set up family offices, Dennis Chow says.

Hong Kong

Editorial | Clients of Hong Kong banks seek value, not misconduct

Leading city bank is fined for serious misconduct in sale of financial products to clients for more than a decade.

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Business of climate change

Nature investments are the way to go to tackle climate change, fund manager says

London-based fund manager Climate Asset Management touts long-term investment benefits, as such investments are about to take off.

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Frequent extreme climate events, pollution and over-exploitation are affecting natural resources such as forests, soil and water that are essential to a sustainable economy. Photo: AP Photo
Banking & finance

From fireworks to cash, Hong Kong banks vie for mainland new year visitors

With 1.43 million mainlanders expected during the ‘golden week’, the city’s lenders prepare a slew of enticements.

Gold in Hong Kong

Year of the Snake: gold’s ascent to record highs to dampen jewellery sales

The price of the precious metal, which jumped 35 per cent in the Year of the Dragon, is expected to maintain its elevated trajectory.

Banking & finance

Hong Kong’s economy to benefit from capital flow, rate cut: ANZ

City’s economy is likely to grow between 2.5 and 3 per cent, ANZ chief economist Raymond Yeung says.

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Raymond Yeung, chief economist for Greater China at ANZ Banking Group, says Hong Kong will see more tailwinds than headwinds in the Year of the Snake. Photo: Enoch Yiu
Banking & finance

Hong Kong’s regulator fines Hang Seng Bank US$8.5 million for misconduct

The SFC found that the bank had engaged in serious misconduct, including excessive fees and soliciting clients for frequent transactions.

Hang Seng Bank has been fined by the SFC for overcharging its clients while selling investment products. Photo: Jonathan Wong
Hong Kong Monetary Authority (HKMA)

Hong Kong’s Exchange Fund reports fifth-best return despite fourth-quarter loss

The fund’s return fell 3 per cent in 2024 to HK$219 billion (US$28 billion) due mainly to a loss of HK$20.1 billion in the fourth quarter.

Wealth management

Exclusive | Macau’s first local mutual fund targets mainland investors via connect scheme

A&P Macau Patacas Money Market Fund will soon be offered to mainlanders in the Greater Bay Area.

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China property

Can Shanghai absorb 84,000 homes this year as sales slow, prices rise?

Some 30,000 flats from 270 projects are due to be launched this year, while developers are sitting on an inventory of 54,000 units.

Nearly 57,250 new homes were sold in Shanghai last year, 24 per cent fewer than 2023, according to data compiled by a property consultancy. Photo: Getty Images
Stocks

Macroscope | How Western investors’ tech obsession is hurting emerging markets

Investors must demand institutions direct their savings into developing or emerging markets where they can benefit global economic welfare.

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Workers refurbish an overhead pedestrian bridge in Shanghai on October 9, 2024. Photo: AP
Business of climate change

Tianqi warns of US$1 billion loss on price slump, halt to Australian expansion

A decline in profit at the firm’s Chilean unit, forex losses and asset impairments contributed to the poor results in 2024.

Hong Kong stock market

Hong Kong stocks rise on Trump’s China optimism and Wall Street rally

Hang Seng Index ends in positive territory for a second week, led by Sunny Optical, Xiaomi and Trip.com.

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