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Enoch Yiu
Chief Reporter, Business
Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is the author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.
Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is the author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.
Areas of Expertise:
Reporting financial regulation, banking, pension, insurance, asset management, personal profileLanguages Spoken:
English, Mandarin, Cantonese
China’s largest insurer downplays tax changes, shares positive outlook after reporting 36 per cent profit growth.
Around 500 companies currently have listing applications pending approval in Hong Kong, far above the historical average.
Lawmakers should hurry to approve proposed law or risk losing edge to Singapore in attracting asset managers, industry players say.
Earnings beat analysts’ estimates, with performance mainly driven by increase of new life policies and investment gains.
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AIA sees value of new business rise 10 per cent year on year to record high of US$3.21 billion in the first half.
After reporting record profit, CEO aims to establish a multiple-asset ecosystem and extend trading hours, starting with derivatives.
Accounting body also urges government to lobby mainland Chinese authorities about tax on cross-border trusts and insurance policies.
More people plan to work longer and ‘blend work, family responsibilities and personal aspirations’, Manulife Hong Kong CEO says.
The proposed law will offer a five-year pre-approval for large companies with at least HK$100 million in annual revenue and six subsidiaries.
In response to changes to mainland tax enforcement, Clement Cheung says city has to make itself ‘less vulnerable and more competitive’.
Insurance Authority CEO Clement Cheung will be reappointed on Friday to help industry navigate Beijing’s tax clampdown, sources said.
Two Asia-based executives will replace outgoing global insurance CEO Edward Moncreiffe, who has resigned, according to a company document.
The discussion paper could pave the way for Hong Kong’s bourse operator to introduce longer opening times, helping it attract global investors.
As global investors shift away from US dollar assets, Hong Kong is tied to the US dollar to maintain a stable exchange rate.
Beijing urged the market not to overreact to the policy – which it stressed was not new – after reports of the tax triggered a sell-off in Hong Kong.
Prudential, AIA and HSBC slid following report of the insurance levy, though Goldman Sachs says profit fallout may be limited.
The buy-back was announced after HSBC’s second-quarter pre-tax profit rose 60 per cent to US$10.15 billion, beating analysts’ estimate of US$9.5 billion.
First offshore China government bond futures rose more than 1 per cent on debut on Monday.
With Chinese government bond futures set for Monday trading debut, exchange reports ‘very positive response’ from ‘wide range’ of investors.
The remainder of HSBC Australia’s retail business will be wound down in a phased manner over the next 18 months.
HSBC, Standard Chartered, Bank of China (Hong Kong) keep their prime and savings rates unchanged, mirroring HKMA’s decision to hold steady.
Share price surges on 38 per cent rise in wealth-management revenue, even as Middle East tensions and bad debt temper profit growth.
Aileen Taylor is set to move to the city as the bank focuses on tapping Asian growth markets and rebuilding its local investment banking team.
Insurer joins global scramble to serve Asian clients looking to transfer wealth to next generation via insurance products.
HKMA warns of second‑half risks from potential AI asset corrections and uncertainty over the US rate path.
Fang Xinghai, former vice-chairman of China Securities Regulatory Commission, is latest financial official to be probed by anti-corruption body.
HKEX will allow universal confidential listings and reduce market-capitalisation thresholds for IPOs by start-ups and international firms.
Mainland China and overseas wealth, alongside family offices, is driving insurance demand in the city to new highs.
Allianz is set to buy the bank’s Singapore insurance arm, entering a 15-year distribution pact as HSBC streamlines its global operations.
