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A person walks past a construction site in Beijing’s Central Business District on July 14, 2024. Photo: Reuters
China property

China’s developers eagerly line up to offer commercial-property Reits

Exchanges receive 19 listing applications after enthusiastic investor reception for first four such trusts.

China’s private sector

Chinese political journal calls for ‘patient capital’ amid AI investment frenzy

Cryptocurrency

Why Payward chose Hong Kong to be its Asian stablecoin gateway

Hong Kong stock market

China’s appeal as portfolio diversifier grows: BlackRock strategist

‘China can provide exposure to different economic drivers,’ says Li Wei, the asset manager’s global chief investment strategist.

People walk on a street beneath a screen showing stock market and economic data in Shanghai on June 15. Photo: EPA
People walk on a street beneath a screen showing stock market and economic data in Shanghai on June 15. Photo: EPA
Banking & finance

Hong Kong exchange lures listings from Canada, Indonesia, Kazakhstan

Bourse expected to see influx of international issuers in year’s second half, led by consumer goods and services companies, according to PwC.

Banking & finance

How the RMB Business Facility will help consolidate Hong Kong’s financial role

Quota expanded to 500 billion yuan from Friday, with tenor increased to two to three years, up from one.

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IPO

Hong Kong small-cap IPOs struggle as market chases megadeals like Zhipu AI

Smaller firms face a liquidity squeeze amid AI-related stock profit-taking, which drags down IPO market sentiment.

Shares in Chinese electronics manufacturer Luxshare dropped by more than 9 per cent in its Hong Kong debut on Thursday after raising around US$3.1 billion to become the finance hub’s largest listing this year. Photo: AFP
Shares in Chinese electronics manufacturer Luxshare dropped by more than 9 per cent in its Hong Kong debut on Thursday after raising around US$3.1 billion to become the finance hub’s largest listing this year. Photo: AFP
Semiconductors

Chinese chipmaker CXMT set for US$4.3b IPO, riding memory boom

Listing would rank behind only SMIC’s on Shanghai’s Star Market, as AI demand boosts memory-chip market.

Banking & finance

Yuan: global ambitions

Chinese President Xi Jinping wants the yuan to be a “strong currency”, with widespread use in international trade and foreign exchange markets. Achieving this goal would pare the US dollar’s global dominance and reduce risks from sanctions.

Electric & new energy vehicles

Goldman Sachs forecasts 50% jump for CATL’s shares as energy storage takes off

The Wall Street investment bank expected CATL’s battery energy storage system business to be its next value-creation engine.

CATL’s booth at the Auto China 2024 exhibition. Photo: Shutterstock Images
Banking & finance

7 of world’s 10 biggest banks are now Chinese as Beijing’s financial aims grow

China’s ‘big four’ banks took the top spots in The Banker’s latest global ranking, with JPMorgan Chase following in fifth place.

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China has ambitions to internationalise its yuan currency and become a global financial powerhouse. Photo: Shutterstock
China has ambitions to internationalise its yuan currency and become a global financial powerhouse. Photo: Shutterstock
HKEX

Hong Kong IPO debut delayed in rare move over missing regulatory data: sources

DKE, a maker of e-paper display modules, says more time needed to finalise its exchange announcement and obtain clearances from regulators.

Banking & finance

China further boosts Hong Kong’s role as offshore yuan hub

Central bank chief Pan Gongsheng unveiled new steps to grow the yuan market in Hong Kong, underscoring the city’s role in boosting global use of China’s currency.

Robotics

Mainland Chinese tech firms get more than just capital from Hong Kong

Recently listed start-ups in robotics and AI explain what the city gives them besides funding for development and expansion.

A total of 21 specialist technology firms have listed on the Hong Kong stock exchange under Chapter 18C. Photo: Jelly Tse
Banking & finance

Hong Kong stocks rise as rallies from Alibaba, SMIC, others lift market sentiment

The Hang Seng Index closed high on Wednesday as investors stood firm and held onto newly unlocked shares following post-IPO lock up expiries.

The Hong Kong Exchanges and Clearing in Exchange Square on June 11. Photo: Jelly Tse
The Hong Kong Exchanges and Clearing in Exchange Square on June 11. Photo: Jelly Tse
Banking & finance

Beyond a bridge: Hong Kong digs in to shore up fragile ‘moat’, anchor growth

Officials deploy multipronged strategy – from tax incentives to new gold clearing system – to recalibrate city’s global standing amid shifting capital flows, regulatory changes.

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Banking & finance

China extends gold-buying binge to 20th month in Beijing’s de-dollarisation push

PBOC’s bullion holdings keep rising as forex reserves dip in June to US$3.42 trillion and the central bank seeks security from sanctions and US market volatility.

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Banking & finance

Hong Kong yuan facility to expand 150% to US$73.6b to meet international demand

The city will also vet a license application for a new electronic fixed income and currency trading system.

HKMA chief executive Eddie Yue and SFC CEO Julia Leung at a media briefing at the Hong Kong FIC & Bond Connect Summit in Admiralty on Tuesday. Photo: Sun Yeung
HKMA chief executive Eddie Yue and SFC CEO Julia Leung at a media briefing at the Hong Kong FIC & Bond Connect Summit in Admiralty on Tuesday. Photo: Sun Yeung
Singapore

Singapore is world’s most expensive city for luxury spending for fourth year

Zurich, Monaco, Hong Kong and London rounded out the top five in Swiss wealth manager Julius Baer Group’s Lifestyle Index.

Banking & finance

Beijing unveils policy enhancements to give ‘vitality’ to Hong Kong markets

The governor of China’s central bank says Beijing is set to increase capital allocation to the city to 800 billion yuan under the Bond Connect scheme.

Gold in Hong Kong

Hong Kong inaugurates trial operation of gold clearing and settlement system

Chief Executive John Lee announces ‘milestone’ for city’s gold trading ecosystem at Hong Kong FIC & Bond Connect Summit.

Gold bars and coins at a precious metals dealership. Photo: DPA
Gold in Hong Kong

Why Hong Kong’s US dollar gold futures trade just hit a record high

The surge comes as the city pushes to become a global bullion trading and storage hub.

Gold bars photographed at The Chinese Gold & Silver Exchange Society’s Chinese New Year opening ceremony in Sheung Wan, Hong Kong, in February 2019. Photo: SCMP/Dickson Lee
Gold bars photographed at The Chinese Gold & Silver Exchange Society’s Chinese New Year opening ceremony in Sheung Wan, Hong Kong, in February 2019. Photo: SCMP/Dickson Lee
Yuan

Global investors load up on yuan for portfolio diversification: HSBC survey

Three quarters of respondents expect to increase yuan allocations over the next one to two years.

Banking & finance

Putting on the Reits: Hong Kong aims to amend its securities law

Government says it seeks to upgrade its listing regime later this year, boosting the city’s financial hub status and market transparency.

Mandatory Provident Fund (MPF)

Exclusive | All that glitters: Hong Kong pension fund to offer more gold ETFs

MPFA to relax gold ETF investment approval rules as part of Hong Kong government’s push to turn the city into a regional gold trading hub.

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Gold bricks displayed at Hong Kong Gold Exchange's Chinese New Year ceremony in Sheung Wan on February 3, 2025. Photo: Edmond So
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