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Yulu Ao
Reporter, Business
Yulu Ao joined SCMP in 2022 as a business reporter. She previously covered business trends across the Greater Bay Area with topics including financial market, healthcare, aviation, etc. She holds a master's degree in journalism from the University of Hong Kong. Before moving to Hong Kong, she interned in different roles at several news agencies in mainland China.
Yulu Ao joined SCMP in 2022 as a business reporter. She previously covered business trends across the Greater Bay Area with topics including financial market, healthcare, aviation, etc. She holds a master's degree in journalism from the University of Hong Kong. Before moving to Hong Kong, she interned in different roles at several news agencies in mainland China.
Areas of Expertise:
Property, Financial MarketsLanguages Spoken:
English, Mandarin
Every dollar invested by the HKIC has attracted more than six in long-term market capital, Financial Secretary Paul Chan says.
China stocks’ next phase of growth hinges on earnings, not just higher valuations, says BofA Global Research’s Winnie Wu.
Attractive valuations, improved fundamentals and pro-growth policies – HSBC and UBS expect a ‘good year’ ahead as China hits growth targets.
Growing confidence in a US interest-rate cut overcomes concerns about an AI bubble and a contraction in mainland factory activity.
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Mortgage and resale data both show a sustained rise in sentiment amid improving rates, prices and rental yields, agents say.
Fundamentals will continue to drive the market’s gradual improvement over the longer term, analysts say.
Once a bellwether for China’s property sector, China Vanke now faces a CCC- rating, negative CreditWatch and a tight refinancing window.
Individual traders are adhering to a ‘buy the dip’ strategy, Interactive Brokers’ David Friedland says.
Hong Kong stock benchmark’s loss of 5.1 per cent for the five-day period is the most since April 11.
Hang Seng Mainland Properties Index rises 1.7 per cent on reports China is considering measures to revive its struggling property market.
Wall Street sell-off hits Magnificent Seven, while chances of a December Fed rate cut fall below 50 per cent.
The Hong Kong stock benchmark’s 1.7 per cent slump on Tuesday was its biggest since October 31.
JPMorgan raises Chinese electric-vehicle maker’s price target, citing long-term AI potential.
The US government will release nonfarm payrolls for September on Thursday, the first data since the 43-day shutdown.
Oaktree exits KE Holdings, billionaire David Tepper’s Appaloosa boosts Baidu stake and Bridgewater stays away from China in third quarter.
The likes of Tencent and Alibaba are expected to focus on integrating AI features into their ‘killer apps’, benefiting downstream sectors.
Firms with direct exposure to AI demand, especially in China, are set to shine among emerging-market equities next year, Swiss bank says.
Move to sell 2.17 per cent stake in CR Mixc Lifestyle aimed at improving market confidence in the stock and acquiring land reserves.
While fundraising in mainland China has risen this year, capital flows are unlikely to be diverted entirely from Hong Kong, the bank says.
The Financial Services Development Council says a stronger physical trading base will help attract demand for derivatives and position Hong Kong as a leading hub.
The retail tranche of the IPO was oversubscribed 1,813 times, making it one of the most popular listings in the city this year.
Pony.ai, WeRide and Ningbo Joyson fell at the opening bell, while Vigonvita Life surged.
Losses mirror Wall Street after Palantir Technologies tumbled 8 per cent despite beating revenue estimates.
Trading under the stock code 9927, Seres’ shares fell as much as 10.3 per cent before closing flat at its IPO price of HK$131.50.
Investors sway between optimism that massive AI investments will sustain earnings and concerns about whether elevated valuations will hold.
Agreement’s annual review framework ‘provides better visibility for the capital markets,’ Bank of America Securities says.
Hong Kong’s latest rate cut has revived buying appetite, with Wheelock’s Wan Chai project selling out amid easing borrowing costs.
The company’s latest plans reflect Hong Kong’s efforts to reinvent itself beyond finance and property.
Mainland China and South Korea account for most regional inflows, while exposure to Taiwan, India and most Asean markets declines.
