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The Hong Kong Monetary Authority logo at Two IFC. Photo: Jonathan Wong
Banking & finance

Everything you need to know about Hong Kong’s US dollar peg

As global investors shift away from US dollar assets, Hong Kong is tied to the US dollar to maintain a stable exchange rate.

Banking & finance

Meet the next generation of Chinese stars making their mark in global finance

Hong Kong property

Investor linked to Ningbo’s richest man buys Hong Kong luxury home for US$18.5m

Banking & finance

Don’t panic: China says 20% offshore insurance tax does not target Hong Kong

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.

The share prices of major financial firms in Hong Kong dipped on Thursday, after reports of that Chinese authorities had started levying a 20 per cent tax on gains from offshore insurance policies. Photo: SCMP/Sam Tsang
The share prices of major financial firms in Hong Kong dipped on Thursday, after reports of that Chinese authorities had started levying a 20 per cent tax on gains from offshore insurance policies. Photo: SCMP/Sam Tsang
Banking & finance

Hong Kong’s US dollar peg faces fresh calls for review – but is change feasible?

Economists and financial analysts warn abandoning the anchor would pose risks that far outweigh potential rewards.

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Banking & finance

From Hong Kong’s bond futures to SpaceX: the numbers moving markets

Hong Kong’s sovereign debt debut, SpaceX’s first public earnings and shifting energy markets are all in the spotlight.

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Banking & finance

Hong Kong raises Silver Bonds coupon rate to 4.25% for latest batch

The city plans to issue up to HK$50 billion of Silver Bonds next month, with the higher rate intended to pre-empt a rise in US interest rates.

Elderly residents look out over the Tsim Sha Tsui waterfront in Hong Kong. Photo: SCMP/Eugene Lee
Elderly residents look out over the Tsim Sha Tsui waterfront in Hong Kong. Photo: SCMP/Eugene Lee
Hong Kong stock market

Hong Kong market regulator flags more firms on share concentration

SFC notes 13 cases so far this year, already close to last year’s total of 15, and warns a lack of public float can lead to high volatility.

Hong Kong stock market

As Hong Kong shares react to 20% levy report, investors eye Beijing’s next steps

Prudential, AIA and HSBC slid following report of the insurance levy, though Goldman Sachs says profit fallout may be limited.

Banking & finance

The US helped boost the yen. Can China do the same for the Australian dollar?

Currency traders believe Beijing’s economic policies could give the Australian dollar a boost. Analysts say things are more complex in reality.

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Some analysts view the Australian dollar as particularly sensitive to fluctuations in Chinese economic policy. Photo: Shutterstock
Artificial intelligence

China’s Moonshot AI seeks US$50b round as year-end Hong Kong IPO eyed: sources

Unicorn dismantles offshore structure to pave way for potential listing as investor appetite surges after release of Kimi K3 model.

Kimi K3 has outperformed leading US systems from Anthropic and OpenAI in certain capabilities, according to Moonshot. Photo: Reuters
Kimi K3 has outperformed leading US systems from Anthropic and OpenAI in certain capabilities, according to Moonshot. Photo: Reuters
Banking & finance

China’s foreign reserves hold steady as external earnings stay in private hands

Hong Kong absorbed nearly two-thirds of mainland China’s portfolio outflows last year and now holds about half of the total external stock, IIF says.

China stock market

China’s stock account openings slow in July amid tech sell-off

The number of new accounts opened on the Shanghai Stock Exchange was down 7 per cent month on month.

Bonds

China’s sovereign bond sale in Hong Kong raises over US$2 billion

Arriving hot on the heels of the city’s landmark China government bond futures rollout, the latest tranche reinforces Hong Kong's role as a ‘superconnector’.

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China’s onshore bond market increased to nearly 200 trillion yuan (US$29.6 trillion) in June, data from Chinese financial data provider Wind showed. Photo: Xinhua
Hong Kong stock market

How SpaceX earnings, expiries could test Hong Kong, mainland China stocks

Elon Musk’s aerospace unit faces scrutiny as results and a share unlock loom, testing investor appetite for capital-intensive tech.

Elon Musk’s SpaceX is viewed as a gauge of investors’ willingness to fund capital-intensive technology. Photo: TNS
Elon Musk’s SpaceX is viewed as a gauge of investors’ willingness to fund capital-intensive technology. Photo: TNS
Wealth management

How China’s new offshore trust tax rules could shake billionaires’ fortunes

Soho China founder Pan Shiyi’s Cayman trust faces scrutiny as Beijing’s tax overhaul puts offshore wealth strategies in focus.

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Banking & finance

HSBC share price drops following lower-than-expected US$1 billion buy-back

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.

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Commodities

China’s commodities footprint guards against global energy shocks: Goldman Sachs

Analysts at investment bank say Beijing has become de facto ‘volatility arbiter’ for global commodity markets.

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Gold bars and coins. Photo: dpa
Gold bars and coins. Photo: dpa
Banking & finance

China biotech giant WuXi AppTec sees first-half earnings surge amid US scrutiny

Strong orders for weight-loss and diabetes treatments drive firm’s growth, despite being caught up in US efforts to curb China’s ambitions.

HKEX

Treasury bond futures ‘a milestone’ to boost Hong Kong’s bridgehead role: CSRC

First offshore China government bond futures rose more than 1 per cent on debut on Monday.

Banking & finance

China’s social security fund boosts A-shares, a vote of confidence in market

National Social Security Fund increases onshore stock stakes, targeting tech as state pension returns hit 5.76 per cent.

A woman walks through Wangfujing Street in Beijing on July 8. China’s population aged 60 and above reached 323 million by the end of 2025. Photo: Reuters
Bonds

Investors eager for Hong Kong’s Chinese bond futures, HKEX says

With Chinese government bond futures set for Monday trading debut, exchange reports ‘very positive response’ from ‘wide range’ of investors.

A view of Exchange Square in Central, home to bourse operator Hong Kong Exchanges and Clearing, on July 21. Photo: Jelly Tse
A view of Exchange Square in Central, home to bourse operator Hong Kong Exchanges and Clearing, on July 21. Photo: Jelly Tse
Banking & finance

AIIB explores digital payments, eyes Hong Kong hub as it raises record funds

The development bank aims to raise a record US$11 billion this year, as it continues to broaden its operations, according to a senior official.

China property

China’s investors snap up prime office space, betting on a property rebound

Commercial properties are changing hands at a much faster rate in Shanghai and other major cities, as investors bet on a market rebound.

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Banking & finance

Swift bypass: China completes first Malaysia payment in digital yuan

Deal advances Beijing’s push to expand the digital yuan through alternative cross-border clearing channels beyond Swift system.

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The deal completes a bilateral digital-currency loop following an inbound trial in January. Photo: VCG
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