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Banking & Finance

A 90-day grace period before mainland China’s new tax rules on offshore trust gains are enforced expires on Thursday. Photo: Dickson Lee
Wealth management

China eases uncertainty over offshore trust taxes before grace period ends

New guidance exempts some offshore stock incentive trusts after an executive ‘successfully’ appeals tax treatment.

Banking & finance

Commercial lenders facing heavier AI burden than central banks: ICBC president

Banking & finance

HKMA to swap jobs of 2 deputy heads as part of succession planning: sources

IPO

Suzhou Dongshan raises less than expected in US$1.8b Hong Kong IPO

With the overallotment, the circuit board maker could raise US$1.84 billion, compared with expectations of up to US$3 billion a week ago.

Flags fly outside the Hong Kong stock exchange in Exchange Square, Central. Photo: Dickson Lee
Flags fly outside the Hong Kong stock exchange in Exchange Square, Central. Photo: Dickson Lee
Wealth management

Survey finds 66% of ultra-rich’s young heirs not ready to take over

World’s wealthy worry more about handing over the family firm than political uncertainty, while China, UK step up plans to tax the affluent.

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Bonds

Hong Kong to push on dim sum bonds by appealing to more sovereign borrowers

APEC meeting a golden opportunity to highlight the city’s financial markets and attract more Asia-Pacific sovereign debt issuers: analysts.

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International Property

US-based money manager eyes Asia-Pacific property for growth

Principal Asset Management executive says appetite for commercial properties in fast-growing markets underpinned by higher interest rates.

Central Tokyo’s Shibuya Crossing. Photo: Harvey Kong
Central Tokyo’s Shibuya Crossing. Photo: Harvey Kong
Hong Kong property

Hong Kong’s primary flat market sees wave of launches, 2 developments sell out

Swire Properties, Chinachem Group also announced plans to redevelop three buildings into a premium grade-A office tower in Taikoo Place.

International Property

New property disclosure rule in Japan sparks fears it may curb foreign investors

Rising interest rates and new legislation on nationality disclosure are raising concerns that foreign investors may reconsider real estate investment.

Banking & finance

Foreign banks shrink China branch networks as growth remains subdued

Foreign lenders are closing branches and shifting to wealth management as weak returns put pressure on their China operations.

Deutsche Bank shuttered its Chongqing branch last month after closing its Qingdao branch earlier this year. Photo: Getty Images
Financial regulation

Financial Street Forum forecast: more opening up by China regulators

Visa’s long-awaited nod for a local card-clearing business raises hopes for more measures allowing deeper participation.

Officials answer questions about the 2026 Financial Street Forum at a press conference on October 12, 2026. Photo: Handout
Officials answer questions about the 2026 Financial Street Forum at a press conference on October 12, 2026. Photo: Handout
Hong Kong stock market

IPO fraud, China exports, US inflation: 5 figures investors are watching

A continuing cross-border stock buying spree and Hong Kong’s role in philanthropy also produce notable numbers.

IPO

Hong Kong’s IPO fraud clampdown sends shock waves across financial sector

The tougher scrutiny is forcing the capital market to recalibrate, as sponsors become more cautious and some firms cancel listings.

Hong Kong stock market

Hong Kong investors aim to beat markets – but keep return hopes in check: report

AI-fuelled optimism lifts return expectations across Asia, but Hong Kong investors are taking a more measured view, Natixis survey finds.

A view of the Exchange Square in Hong Kong. Photo: Getty Images
Wealth management

Hong Kong emerges as third best philanthropy hub, behind New York, Seoul: study

Altrata report highlights Hong Kong’s wealth infrastructure and growing culture of structured giving.

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An established culture of family philanthropy is evolving through more formal giving opportunities in Hong Kong, according to the report. Photo: Getty Images
An established culture of family philanthropy is evolving through more formal giving opportunities in Hong Kong, according to the report. Photo: Getty Images
Banking & finance

HSBC to double Hong Kong AI team to 300, outpacing Singapore plan

Bank unveils expansion plan after scrutiny of its Singapore AI hiring strategy.

Hong Kong stock market

Hong Kong firm, Qatar bank to launch Chinese equity fund

China’s rising AI and biotech sectors are key draws for investors seeking diversification, leaders of ChinaAMC and Lesha Bank say.

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HSBC

HSBC launches discretionary portfolio management service for retail investors

HSBC aims to lure younger, tech-savvy customers with discretionary investment service once only available to private bank clients.

A view of the HSBC headquarters in Central. Photo: Sun Yeung
A view of the HSBC headquarters in Central. Photo: Sun Yeung
Banking & finance

What does the historic Bank of America fine mean for US-China capital streams?

Analysts say penalties signal tighter scrutiny over cross-border financial flows.

Hong Kong stock market

Hong Kong exchange won’t rush into T+1 settlement times, sources say

Market players support the change to keep up with global peers, but many worry the fourth quarter of 2027 would be too soon, sources say.

Global monetary policy

Why the IMF is worried about a global debt squeeze as bond yields climb

Higher bond yields raise debt-servicing costs and increase fiscal pressure across advanced and emerging economies, global lender says.

An attendee at the IMF-World Bank Annual Meetings in Bangkok. Photo: Reuters
Banking & finance

PBOC adds most gold in three years amid China pivot from US dollar

China’s central bank has bought gold for 23 straight months as the nation seeks to pare its reliance on US-controlled, dollar-based financial systems.

Photo: AFP
Photo: AFP
Hong Kong stock market

Hong Kong watchdog freezes US$590m of assets over alleged IPO fraud schemes

The SFC has also suspended 65 listing applications so far this year, as regulator looks to strengthen market quality in the city.

Financial regulation

Why Haidilao’s US$14.9m credit line to founder is fuelling China tax speculation

Hotpot chain says funds are for personal financial arrangements, but the loan comes ahead of Beijing’s offshore trust tax deadline.

HKEX

Hong Kong to expand indices, derivatives and yuan-denominated products: HKEX CEO

Bourse operator plans new yuan products and deeper mainland China market links as it seeks to boost liquidity and attract global investors.

A general view of Exchange Square in Central, Hong Kong. Photo: Jelly Tse
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