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A branch of the Industrial and Commercial Bank of China (ICBC) in Beijing on April 1, 2019. Photo: Reuters
Banking & finance

Chinese state banks’ 2024 profits rise, NPLs dip even as margins thin

All six state-owned commercial banks posted moderate profit growth for last year, as non-performing loan ratios declined slightly.

Banking & finance

Venture-capital club expands to Hong Kong, plans US$250m fund

Banking & finance

Hong Kong to get world’s first tokenised money-market ETFs from Bosera, HashKey

Banking & finance

Cathie Wood sees AI driving US$10 trillion global robotaxi revolution

The CEO of Ark Investment says the market will help propel a near 10-fold jump in Tesla’s share price to US$2,600 in five years.

Cathie Wood of Ark Investment (right) takes part in a panel discussion at HSBC’s Global Investment Summit in Hong Kong on Thursday. Photo: Handout
Cathie Wood of Ark Investment (right) takes part in a panel discussion at HSBC’s Global Investment Summit in Hong Kong on Thursday. Photo: Handout
Family offices

More measures on the way to attract family offices to Hong Kong, Paul Chan says

More exemptions for funds and enhanced concessions for family offices to make city appealing for wealthy investors to manage their fortunes.

Banking & finance

Hong Kong’s MTR Corp raises US$3 billion from its largest public bond sale

The deal comes amid a buoyant Asian bond market as risk sentiment remains steady ahead of further US trade tariffs, according to analysts.

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Hong Kong stock market

‘China is back’ as Goldman, Morgan Stanley whet global appetite for equities

Morgan Stanley raised its year-end index targets for MSCI China and Hang Seng by more than 7 per cent on improved outlook for earnings and valuations.

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People cross a street in front of a large screen showing stock and economy data in Shanghai on March 11, 2025. Photo: EPA-EFE
People cross a street in front of a large screen showing stock and economy data in Shanghai on March 11, 2025. Photo: EPA-EFE
Hong Kong Monetary Authority (HKMA)

Wealth Connect 3.0: HKMA chief promises upgrades to boost appeal

The cross-border scheme for wealth-management products could also expand to mainland investors beyond the Greater Bay Area, Eddie Yue says.

CATL

CATL gets CSRC’s nod for Hong Kong IPO to raise at least US$5 billion

CATL plans to sell up to 220.17 million shares and could raise at least US$5 billion to fund new factories overseas.

Banking & finance

Hong Kong deepens push into AI, tech to boost its edge over Singapore: Paul Chan

Artificial intelligence is the future, as it has the potential to boost Hong Kong’s competitiveness, financial secretary says.

Financial Secretary Paul Chan at the HSBC Global Investment Summit on Tuesday. Photo: ISD
Banking & finance

Alibaba’s Tsai says some AI bets like excess data centres are speculative

‘People are talking literally about US$500 billion, several US$100 billion [projects]. I don’t think that is entirely necessary,’ Tsai says.

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Alibaba Group chairman Joe Tsai says some of the multi-billion outlays may be unnecessary. Photo: Handout
Alibaba Group chairman Joe Tsai says some of the multi-billion outlays may be unnecessary. Photo: Handout
Banking & finance

Exclusive | Hong Kong must capitalise on DeepSeek to lure global, Chinese funds: HSBC

Hong Kong’s stock market has a lot of room to expand as many companies are planning IPOs, HSBC’s Asia and Middle East co-CEO David Liao says.

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Banking & finance

China to attract more private equity from Middle East and US: Bain & Co

Asia-Pacific deal value rose 11 per cent to US$176 billion in 2024, according to Bain & Company.

Banking & finance

‘Slow decline’: why the US dollar is destined to lose its dominant status

The world is already moving towards a multicurrency system as financial technologies evolve and China pushes the yuan, economists say.

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The yuan is gradually gaining a greater share of global payments, eroding the US dollar’s dominance. Photo: Getty Images
Banking & finance

Exclusive | Chelsea owner Todd Boehly eyes Hong Kong and Macau for new ventures

The American tycoon spots potential for fintech, sports and entertainment expansion in Hong Kong and Macau.

Todd Boehly, who has a stake in many sports teams, is bullish on Hong Kong and Macau. Photo: Chelsea FC via Getty Images
Todd Boehly, who has a stake in many sports teams, is bullish on Hong Kong and Macau. Photo: Chelsea FC via Getty Images
Hong Kong stock market

Hong Kong stocks rise even as looming Trump tariffs keep sentiment in check

The Hang Seng Index is under consolidation as traders await development on the US tariffs front, says analyst Kenny Wen.

Banking & finance

StanChart eyes 5 wealth hubs in Hong Kong to appeal to ‘new money’

The next wealth management centre will open in Central later this year, while the bank scouts for new locations in the city.

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Banking & finance

HSBC to back Chinese firms in their growth plans amid global headwinds, CEO says

With continued investment, China is poised to lead the future of technology-driven, resilient, and sustainable supply chains, Elhedery says.

Office workers seen outside HSBC’s head office building in Central, Hong Kong. Photo: Elson Li
Office workers seen outside HSBC’s head office building in Central, Hong Kong. Photo: Elson Li
Banking & finance

Top Hong Kong women CEOs talk about the school that fuelled their success

HKEX’s Bonnie Chan, SFC’s Julia Leung and Hang Seng Bank’s Diana Cesar talk about the school that shaped their worldwiew and beliefs.

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Family offices

It’s a family affair: inside Hong Kong’s quest to lure world’s wealthiest clans

Two years ago, the government unveiled eight measures with the aim of attracting affluent families so they could set up family offices.

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Mergers & Acquisitions

Li may swing BlackRock deal with just 15% of minority owners’ votes

Minority shareholders are also expected to support the sale to receive a special bonus of as much as HK$25 a share, they said.

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Li Ka-shing (centre) during his final annual general meeting as the chairman of his flagship companies CK Hutchison Holdings and CK Asset Holdings in Hung Hom on 10 May 2018, before his retirement. Photo: Sam Tsang
Banking & finance

Hong Kong orders brokers to rein in credits to pre-empt IPO madness

Futu Securities, the city’s biggest online broker, said the SFC directive might cool the IPO market frenzy a bit.

People walk past an electronic sign showing the Hang Seng Index in Hong Kong on February 26, 2025. Photo: AFP
People walk past an electronic sign showing the Hang Seng Index in Hong Kong on February 26, 2025. Photo: AFP
Banking & finance

Hong Kong widens lead over Singapore as Asia’s top financial centre: report

Nine of the top 20 global centres maintained their ranking, suggesting confidence in the financial sector amid slow economic growth.

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Banking & finance

Ontario Teachers’ departure is Hong Kong’s loss, Singapore’s gain

Canada’s third-largest pension fund will wind down its operations over the next 18 months, spokesman says.

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Banking & finance

Exclusive | Hong Kong key to StanChart’s US$200 billion new money target: CEO Winters

Bank is developing over 200 use cases for AI, including fraud detection and prevention, anti-money-laundering screening and new products.

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Standard Chartered CEO Bill Winters, at SCMP office in Causeway Bay on 17 March 2025. Photo: Jonathan Wong
China Future Tech
HIGHLIGHTS FROM
China Future Tech

Tech War

‘Coming out’: Huawei-related chip tool maker makes splash at Semicon China

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The booth of chip equipment maker SiCarrier drew large crowds at Semicon China on March 26, as people looked for any new information regarding the company’s latest technology. Photo: Ann Cao

Tech Trends

Google’s Android transparency shift unnerves Chinese developers

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Google decision to change the release schedule of Android source code has unnerved some Chinese developers. Photo: Shutterstock

China EVs

Chinese EV industry pressed to accelerate global expansion amid tariffs

A file photo taken on September 11, 2023, shows BYD EVs waiting to be loaded on a ship at the international container terminal of Taicang Port at Suzhou Port, in China’s eastern Jiangsu Province. Photo: AFP

Big Tech

China’s top foundry SMIC reports revenue growth in 2024, but net profits plunge

Exterior view of SMIC’s facilities in Pudong district, Shanghai on March 15, 2024. Photo: AFP

Tech

Alibaba launches AI model that can process images and video on the go

Alibaba’s open-source Qwen models have been popular options for AI developers to build upon. Photo: Reuters
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