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Singapore’s Merlion statue. Photo: Getty Images
Singapore

Singapore households spending more, but incomes rising faster: official survey

While this suggests a positive economic outlook, economists warn that rising costs of living for housing, food and healthcare remain a concern.

Banking & finance

Exclusive | HSBC to feature ex-ECB president Draghi and Ark Investment’s Wood at summit

Bonds

Hong Kong’s infrastructure bond offering excites retail investors

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Banking & finance

Hongkongers break savings record for second year amid shaky economy

Average monthly savings increased by 9 per cent to US$1,256 this year, Deposit Protection Board survey finds.

Hongkongers are opting to stash more cash for future needs. Photo: Shutterstock
IPO

Hong Kong to fast track mainland Chinese firms’ IPOs to revive market

Listing approvals for China’s onshore-listed companies will be streamlined provided they meet certain criteria, HKEX CEO Bonnie Chan says.

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Hong Kong property

Chinese tycoon offloads 9 Hong Kong luxury flats at half price in fire sale

Chen Zhuolin sold nine units in Hamburg Villa, valued at HK$213 million (US$27.3 million), for about HK$90 million.

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Blockchain

Bitcoin’s march towards historic US$100,000 level stalls

‘Bitcoin was extremely overbought since the election,’ one analyst says.

Bitcoin hovered near US$97,000 early in Asia on Monday. Photo: AP Photo
Hong Kong property

Hong Kong rental yields hit 12.5-year high on talent influx

Analysts expect momentum to improve further in 2025 as more professionals enter the city and people keep putting off home purchases.

Hong Kong stock market

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.

Wealth management

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

The Capital Investment Entrant Scheme, launched in March, has brought in more than HK$20 billion from 670 applications, Paul Chan says.

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Net inflows into wealth management products offered in Hong Kong nearly tripled to HK$341 billion in 2023, from a year earlier. Photo: Eugene Lee
Banking & finance

Citigroup CEO meets Chinese officials as Beijing touts financial market reforms

Fraser said the Wall Street bank will ‘further its participation in the market to help promote US-China economic ties and trade’.

Chinese Vice-Premier He Lifeng met Citigroup CEO Jane Fraser at the Great Hall of the People in Beijing on Thursday. Photo: Xinhua
SCMP Highlights

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.

Blockchain

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.

Wealth management

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.

The Blackstone Group headquarters in New York City, pictured on January 18, 2023. Photo: Reuters
Banking & finance

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
Digital currencies

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.

IPO

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.

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Banking & finance

‘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
Banking & finance

‘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.

IPO

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.

China stock market

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.

Shares of top banks, including ICBC, rose on Monday after the regulator pushed for increased shareholder returns. Photo: EPA-EFE
Hong Kong stock market

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

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.

Banking & finance

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 economy

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.

Hong Kong has been keen to attract family offices of high-net-worth people in recent years. Photo: Dickson Lee
Insurance

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
United States

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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Bonds

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.

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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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