Daisy Wu
Reporter, Business
Daisy holds a master's degree in journalism from the University of Hong Kong. She previously worked at a global advisory firm, specialising in due diligence and risk identification.
Daisy holds a master's degree in journalism from the University of Hong Kong. She previously worked at a global advisory firm, specialising in due diligence and risk identification.
Areas of Expertise:
Capital markets, IPOs, corporate affairsLanguages Spoken:
English, Mandarin
Expanded investment products and stronger mainland-market links aim to deepen Hong Kong’s wealth-management edge and lure more international investors.
City also ranked third overall in the Global Financial Centres Index as Asian hubs strengthened their positions in the top 10.
The wealth management firm has invested HK$30 million in AI-related development as it focuses on scaling up its business on the mainland.
Wang has more than 20 years of experience in the field, and her hire comes after Citi announced plans to expand its corporate headcount.
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The move extends Beijing’s regulatory reach to financial institutions’ overseas activities, which have been a grey zone for corruption.
With the 90-day grace period soon to run out, some ultra-wealthy living outside mainland China face complicated tax liability questions.
Executives say dollar dominance remains intact as borrowers diversify funding and use offshore yuan bonds to help manage elevated US financing costs.
The bank is building a pooled-capital platform to draw insurers, pension funds and other investors into Asia’s infrastructure debt.
Europe’s first foreign RMB clearer says Chinese firms’ overseas expansion is strengthening the currency’s role in cross-border commerce.
Regulators want banks to channel more offshore yuan into global markets, as the city pushes to deepen the currency’s role in international finance.
‘It’s going to happen,’ creator of Global Financial Centres Index says, as long as city maintains openness and predictability.
Hong Kong market to benefit as lower growth and interest rates make it harder for fund to ‘rely solely on domestic assets’, analyst says.
Overseas capital in yuan-traded Chinese stocks faces cooling, as tech sentiment, US yields and yuan strength steer the next phase.
Half-year results rise across China’s largest state-owned lenders amid tentative signs of margin stabilisation.
Chinese firms lean on global banks to manage trade friction and expand supply chains, keeping corporate activity resilient, Citi says.
Bank beats forecast with HK$23.74 billion profit, helped by reduced credit costs and stronger fee income from wealth and insurance.
Brokerages shift to Southeast Asia, US and Europe amid Beijing’s stepped-up drive to root out illegal cross-border securities activity.
Beijing once courted Wall Street’s titans, hailing them as ‘old friends of China’. But the relationship today is far frostier.
Decision of court in Guangdong province against developer’s main onshore unit Hengda Real Estate punctuates company’s long undoing.
Lawmakers should hurry to approve proposed law or risk losing edge to Singapore in attracting asset managers, industry players say.
As some major lenders begin pricing corporate debt against flexible short-term markets, analysts warn the shift could squeeze net interest margins even further.
Road map targets 60 per cent non-gaming share of GDP by 2030 through infrastructure, healthcare, hi-tech industries and closer mainland links.
Yuan-denominated payments rise 34 per cent, with Payment Connect mechanism acting as catalyst for multiplying cross-border use cases.
A rare uptick in margins lifted Chinese lenders in the second quarter, but falling loan demand and policy constraints loom large.
Delayed physical impacts to hit economies by 2050 without stronger climate policies, says Beijing-based multilateral lender.
HKEX announces that a Shanghai Electric subsidiary is set to list a 1.5 billion yuan green bond later this month.
Causeway Bay’s top landlord posts HK$1.11 billion in earnings as Lee Garden Eight project remains on schedule for completion this quarter.
The branch is set to focus on specialised cross-border financing for tech corporations targeting overseas expansion.
As the company’s new leader makes a mark by ending a 14-quarter net-selling streak, analysts discuss the staying power of value investing.
