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Citi CEO Jane Fraser at Citibank’s office in Central, Hong Kong, on June 24. Photo: May Tse
Banking & finance

2 AI races shaping future of banking: Citi CEO

Jane Fraser says first race is to use technology to drive revenue growth; second one is to make sure the financial ecosystem is secure.

Banking & finance

Why has China lowered its own ranking in global financial competitiveness?

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Banking & finance

Exclusive | Why Citigroup CEO Jane Fraser left Beijing feeling optimistic

Banking & finance

Hong Kong broadens yuan’s financial footprint as currency gains global appeal

Hong Kong Monetary Authority widens scope of yuan finance to solidify status as ‘offshore laboratory’ for currency amid de-dollarisiation trend.

Hong Kong is looking to boost its position as the world's leading offshore yuan hub. Photo: Felix Wong
Hong Kong is looking to boost its position as the world's leading offshore yuan hub. Photo: Felix Wong
Banking & finance

China’s Goldman Sachs dream: mainland banks ride Hong Kong’s IPO wave

Chinese investment banks are challenging global rivals after earning billions of dollars in the first half of the year.

Banking & finance

Exclusive | Hong Kong to launch gold clearing and settlement system next week: sources

The city plans to process its first gold settlement on Tuesday, according to those familiar with the matter.

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Banking & finance

Hong Kong assets hit record US$5.38 trillion on renewed China appetite: SFC

Net fund inflows soared nearly 200 per cent, supported by a tech-led stock rally and a 30 per cent rise in capital allocated to the mainland.

People walk through Central district in Hong Kong. Assets and wealth under management in the city have surged to a record high. Photo: Jelly Tse
People walk through Central district in Hong Kong. Assets and wealth under management in the city have surged to a record high. Photo: Jelly Tse
IPO

Clogged pipeline: Many Hong Kong IPO hopefuls near deadline

More than 30 mainland Chinese firms face a deadline for regulatory approval in next two weeks, with one analyst comparing the process to a marathon.

Hong Kong stock market

From AI chips to energy drinks: Hong Kong’s top 5 listing deals of 2026 so far

A semiconductor designer and mainland China’s biggest hog producer are among the companies behind the largest deals.

Hong Kong stock market

China’s tax crackdown: A-share and Hong Kong-listed firms hit hard

Beijing’s anti-tax evasion campaign could expand, raising concerns that corporate earnings, cash flows and investor sentiment may be at risk.

BeOne Medicine's manufacturing site in Guangzhou. The company's Chinese subsidiary has agreed to pay 446 million yuan (US$65.6 million) after receiving a notice from a local tax authority. Photo: Handout
Banking & finance

‘Upside potential’: Why Asian gold buyers offer hope to regain lost ground

The trend reflects a ‘growing relevance’ of Asian markets, while US investors pull back on gold holdings due to higher rates, inflation.

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The World Gold Council said Asian markets were a growing force in gold price discovery, while US investors have pulled back on the metal due to high interest rates and inflation. Photo: Reuters
The World Gold Council said Asian markets were a growing force in gold price discovery, while US investors have pulled back on the metal due to high interest rates and inflation. Photo: Reuters
Banking & finance

Looking East: Europe’s banks look to Hong Kong amid global uncertainty

European banks, facing rising costs and energy instability, are turning to Hong Kong for funding, with Hungary’s OTP Bank leading the shift.

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IPO

Hong Kong loses IPO crown as swelling wave of Chinese tech no match for SpaceX

With Chinese technology giants fuelling an ‘A-to-H’ listing boom, Hong Kong appears to be on the rise as their ‘fundraising venue of choice’.

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United States

US Supreme Court boosts Trump’s power to fire officials, but Fed’s Cook keeps job

Justices let Trump fire agency heads, a dramatic expansion of his presidential power.

A person wears a MAGA (Make America Great Again) visor outside the U.S. Supreme Court, on the day justices have issued orders, in Washington, D.C., U.S., June 29, 2026. REUTERS/Cheney Orr TPX IMAGES OF THE DAY
Banking & finance

Charm offensive: Bahrain expands Hong Kong push to court mainland China capital

Gulf state leans on tax perks and tokenisation rules to position Hong Kong as its gateway to mainland China investors.

Bahrain is hoping to attract foreign investors with financial deregulation. Photo: AP
Bahrain is hoping to attract foreign investors with financial deregulation. Photo: AP
Banking & finance

Could a ‘Reit Connect’ be Hong Kong’s handover anniversary gift from Beijing?

Previous July 1 anniversaries have delivered financial policy changes, and markets anticipate expanded cross-border access this year.

Banking & finance

Sovereign investors with US$29 trillion pivot to energy assets, flag dollar fears

61% of central banks polled by finance firm Invesco said US debt levels negatively impact the dollar’s long-term position as a reserve asset.

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China property

Will China’s new tech bases in Hebei and Tianjin revive local housing demand?

The new headquarters may boost rentals, but local home sales growth is likely to be far milder than surges in previous years, analysts say.

Pinduoduo has recently signed an agreement to set up a base at an e-commerce industrial park in the Xiongan New Area in Hebei province. Photo: Xinhua
Pinduoduo has recently signed an agreement to set up a base at an e-commerce industrial park in the Xiongan New Area in Hebei province. Photo: Xinhua
Banking & finance

How AI boom exposes investors to risk, while a downturn could see a fast crash

Bank for International Settlements says AI funding is funnelled through loosely regulated private credit channels, raising stability fears.

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HKEX

Hong Kong vows stronger exchange with reforms, bond futures and gold push

Listing changes and new product launches are set to bolster Hong Kong’s role as a global financial hub, deputy finance chief says.

Banking & finance

Indonesia set to issue US$1 billion in panda bonds in China

The Southeast Asian country will offer the bonds in an attempt to better stabilise its national finances as the rupiah continues to fall.

Indonesia and China flags. Photo: Shutterstock
Banking & finance

Hong Kong FDI inflows up 36% so far this year: InvestHK data

A total of 413 companies set up or expanded their businesses in the city in the first six months.

Hong Kong’s Chief Executive John Lee speaks at the annual InvestHK reception on Tuesday. Photo: Handout
Hong Kong’s Chief Executive John Lee speaks at the annual InvestHK reception on Tuesday. Photo: Handout
Banking & finance

Hong Kong’s IPO Connect push: why investors see it as the next frontier

Calls grow to further expand Hong Kong’s connect scheme with mainland China markets amid drive for deeper capital flows.

Hong Kong stock market

HKEX pushes deeper into index business as AI reshapes Hong Kong market

The bourse wants proprietary indices to better capture China’s technology boom as traditional Hong Kong benchmarks trail regional peers.

IPO

Chinese PCB maker CFMEE tops 1,000-times oversubscription in Hong Kong IPO

The Hefei-based firm’s listing comes as the global AI boom fuels gains in the materials and components that underpin servers.

CFMEE logo displayed in a smartphone in Suqian, Jiangsu province, China, on August 14, 2025. Photo: CFOTO/Future Publishing via Getty Images
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