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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
‘The challenge for investors is a Fed that is not yet willing to endorse their discounted future path of much lower interest rates,’ analyst says.
Investors bet on AI innovations as policy address by Hong Kong’s leader boosts sentiment for supportive measures.
Ample domestic and external liquidity should fuel another rally in Hong Kong this month, strategists at China Merchants Securities say.
Bankers say the boom reflects both cost advantages for issuers and structural reforms that help broaden the investor base.
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The stock’s strength in both markets reflects confidence in China’s energy storage sector.
China’s new home prices and retail sales fall short of expectations, raising stimulus hopes amid high expectations of a Fed rate cut.
After two rallies in 2024 and 2022 sputtered, regulators are keen to maintain the gains seen in the US, India and Japan in the last 10 years.
‘Explicit willingness’ among US investors to increase exposure to China’s market hits highest level in five years, bank says.
US bank also says it expects the benchmark gauge to climb to 27,500 by mid-2026 and 28,800 by the end of next year.
Ai chip maker’s stock is still up nearly 83 per cent this year, giving it a market value of 502.8 billion yuan.
Nomura compared the recent rally with 2014-15 when the Shanghai index shot up 150 per cent before collapsing 40 per cent in a matter of weeks.
GF Securities (Hong Kong) completed the issuance of the city’s first offshore-denominated tokenised public bond on Ethereum.
The ongoing equity rally has caught the attention of retail and overseas investors, who are chasing better investment alternatives.
The new centre, occupying two floors on Russell Street opposite Times Square, officially opens on Friday.
Cambricon’s stock jumped 11.60 per cent on Monday to a record 1,384.93 yuan, giving it 519.38 billion yuan market value.
Mainland developers Longfor, Vanke and China Resources Land jump after Shanghai eases property-buying rules.
46 Chinese companies raised US$16.5 billion via IPOs in Hong Kong so far this year, compared with 16 listings that raised US$740.9 million in the US.
Shanghai Composite Index rises 1.5 per cent to 3,825.76, the highest since August 17, 2015.
Investors are awaiting Jerome Powell’s keynote speech on Friday to look for hints of an interest-rate cut in September.
Hang Seng Index recovers from an intraday loss of as much as 0.9 per cent, snapping a four-day losing streak.
The widely tracked Centaline Rental Index Yields rose for a second consecutive month to 3.56 per cent in June, the most since November 2011.
Temasek slashed its holdings of JD.com by 87 per cent, cut its Alibaba stake by two-thirds and cut NetEase by 38 per cent, according to its 13F disclosure.
World’s largest hedge fund drops US$1.41 billion of shares in firms including Alibaba, JD.com, Baidu, Nio and Yum China in second quarter.
A surge in demand comes as global banks have become more optimistic about capital flows from the mainland.
Social media speculation of the impending sale of 79 Deep Water Bay Road is “entirely fabricated”, “false” and “groundless,” CK Asset said in a statement.
Sharp increase in mainland buying comes as trading and fundraising activity in the city rebounds after a multi-year slump.
Mike Cai Wensheng paid HK$750 million for a 5,388 sq ft site at 20-28 Cannon Street in Causeway Bay.
Trading in the company’s shares has been suspended since January 29, 2024, after a Hong Kong court ordered its liquidation.
‘We have the digital transformation vision and I have got to look at places with experience like Hong Kong,’ Deputy PM Rasou says.
