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A bank clerk counts Chinese 100 yuan notes in Shanghai. Photo: AP
Banking & finance

More global firms eye Hong Kong for cheaper yuan loans, bonds: StanChart

The HKMA yuan facility charges an interest rate equal to the Shanghai interbank rate, which is 200 basis points lower than the US fed rate.

IPO

China’s Sigenergy Technology seeks US$561.6 million from Hong Kong IPO

Banking & finance

Barclays boosts Hong Kong presence to tap thriving IPO market

Banking & finance

ICBC and CCB lead China’s biggest banks in US$61 billion dividend payout

Record payouts come as regulators push listed companies to enhance dividend frequency and predictability.

ICBC plans to distribute about 110.6 billion yuan, a payout ratio of 30 per cent, marking its fifth consecutive year above the 100 billion yuan threshold. Photo: Reuters
ICBC plans to distribute about 110.6 billion yuan, a payout ratio of 30 per cent, marking its fifth consecutive year above the 100 billion yuan threshold. Photo: Reuters
Banking & finance

Stricter Chinese scrutiny of offshore vehicles a blow for tech IPO candidates

Mainland’s stock market watchdog is discouraging establishment of ‘red-chip-structured’ companies in sensitive industries.

Yuan

China’s yuan may be going global faster than Western data suggests, analysts say

Many yuan transactions are now routed through China’s own global payment system, which often does not show up in traditional data sets, analysts say.

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Hong Kong property

Hong Kong developers test homebuyers with price increases after sell-outs

‘This is a classic recovery-phase strategy: testing price elasticity without undermining the building momentum,’ an analyst says.

The Chester has 241 flats with layouts from one to four bedrooms. Photo: Handout
The Chester has 241 flats with layouts from one to four bedrooms. Photo: Handout
Banking & finance

Manulife, HSBC, Barclays lead big finance firms’ AI adoption in Hong Kong

Financial Secretary Paul Chan Mo-po launched an AI+ strategy in this year’s budget speech to promote AI applications in the banking sector.

Hong Kong stock market

China’s Pop Mart struggles despite buy-backs as Labubu reliance sparks concerns

Toymaker’s shares have fallen nearly 50 per cent since February as investors weigh slowing overseas growth and dependence on flagship line.

Electric & new energy vehicles

China EV makers surge back in March as subsidies and financing spur demand

Carmakers report strong month-on-month gains as policy support and new financing schemes lift buyer sentiment.

The EV rebound has been underpinned by renewed policy support at the local level. Photo: AFP
Bonds

China’s JD.com returns to dim sum bond market with 10b yuan offering

The e-commerce giant is issuing the yuan-denominated notes in two tranches of 7.5 billion yuan and 2.5 billion yuan.

S&P Global Ratings has assigned an ‘A-’ long-term rating to JD.com’s notes. Photo: Reuters
S&P Global Ratings has assigned an ‘A-’ long-term rating to JD.com’s notes. Photo: Reuters
Hong Kong property

Bought 52 years ago, Hong Kong home sells for 252 times original price

Veteran sports administrator Lawrence Yu is selling his house for about HK$190 million, for which he paid HK$750,000 in 1974.

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China property

Top Chinese developers’ losses mount as debt overhaul props up operations

Analysts say subdued demand and cautious buyers persist, with one-off debt restructuring masking deeper losses in the sector.

IPO

Hong Kong tightens grip on IPO crown as filings surge and pipeline grows

Sixteen new and refiled applications, led by hard-tech firms, point to a deepening pipeline as investor appetite returns.

The clustering of Hong Kong applications reflects improving issuer sentiment following a strong start to the year. Photo: Sun Yeung
Hong Kong stock market

Hong Kong, mainland China join Asia stock rally amid Iran war optimism

Hang Seng Index caps its biggest gain in a week after Trump says US will end strikes on Iran, boosting hopes the conflict is close to ending.

Donald Trump and first lady Melania Trump arrive at the Opera House of the Kennedy Center for the opening night performance of a musical on March 31 in Washington, DC. Photo: Getty Images
Donald Trump and first lady Melania Trump arrive at the Opera House of the Kennedy Center for the opening night performance of a musical on March 31 in Washington, DC. Photo: Getty Images
Banking & finance

Hong Kong’s anticipated stablecoin licence by end-March does not materialise

Analysts say the delay is most likely administrative and that the overall plan is still on track.

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IPO

Hong Kong retains IPO crown but may lose to US mega listings over full year

Second place for IPO funds raised is Nasdaq, with US$5.65 billion from 18 listings, while the New York Stock Exchange ranks third.

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Hong Kong property

La Mirabelle sells in hours as developers ramp up sales, buyers fret over rates

All 254 Tseung Kwan O flats snapped up as developers step up supply and demand stays firm.

La Mirabelle in Harbour Bay is to be developed in two phases, each comprising about 1,200 units, for a total of 2,550 units. Photo: Handouit
La Mirabelle in Harbour Bay is to be developed in two phases, each comprising about 1,200 units, for a total of 2,550 units. Photo: Handouit
Semiconductors

South Korea turns to Russia for naphtha as Asia’s chip industry feels squeeze

South Korea’s return to Russian naphtha – vital for semiconductor manufacturing – highlights Asia’s fragile supply chain amid Iran conflict.

Banking & finance

Hong Kong tycoon-backed start-up raises US$300 million to scale battery push

The California-based firm will use new funding to scale manufacturing and expand globally, with Hong Kong anchoring its regional push.

Banking & finance

BOCHK reports 5% net profit growth for 2025 on bad debt exposure

BOCHK’s real estate loans were mainly to state-backed enterprises including Vanke, the latest mainland developer to come under pressure.

The headquarters of Bank of China (Hong Kong) in Central, April 26, 2021. Photo: Sam Tsang
Hong Kong stock market

Hong Kong stocks fall with Asia as Iran conflict drives oil prices higher

Most Asian markets retreat as surging oil prices fuel concerns over the economic fallout, while aluminium producers rally on supply fears.

The Hang Seng Index retreated 0.8 per cent on Monday. Photo: Dickson Lee
The Hang Seng Index retreated 0.8 per cent on Monday. Photo: Dickson Lee
Banking & finance

Chinese company to use AI-powered testing to boost profits and fast-track IVF

China’s falling fertility rate sees spike in demand for assisted reproduction as biotech firm raises US$101 million from Hong Kong listing.

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Artificial intelligence

What is Yuanjie, the Chinese chipmaker whose share price has soared nearly 900%?

Yuanjie’s rise underscores how China’s optical chip firms are riding the AI infrastructure boom, with data centre demand driving growth.

Banking & finance

Insilico Medicine signs AI drug development deal with Eli Lilly

Reaching development, regulatory and commercial milestones could see value of deal hit around US$2.75 billion.

Life Star2, Insilico’s automation lab. Photo: Handout
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