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Hong Kong Stock Exchange
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Mergers & Acquisitions
Banking & Finance
MetLife to buy Hong Kong tycoon Richard Li’s PineBridge in asset management push
New York-based insurer’s arm will pay US$800 million for PineBridge, which manages about US$100 billion in assets.
24 Dec 2024 - 10:04AM
Banking & finance
Ex-Citigroup stock trader wins unfair dismissal case in Hong Kong
23 Dec 2024 - 4:30PM
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IPO
SPAC backed by Hong Kong investors readies US$150 million NYSE IPO
23 Dec 2024 - 1:30PM
Banking & Finance
Banking & finance
HKMA picks 10 banks, 4 tech firms to test GenAI usage in financial sector
Participants will be onboarded to a platform of an AI supercomputing centre operated by Cyberport, with technical trials expected to begin early next year.
19 Dec 2024 - 8:06PM
Technical trials og GenAI applicaitons are expected to begin early next year.Photo: Xinhua
Banking & Finance
IPO
Hong Kong IPO: actor Roger Kwok’s Herbs Generation ends up 10% on debut
The healthcare company’s shares were oversubscribed 6,083 times after they were priced at the low end of the range at HK$3.75.
19 Dec 2024 - 5:03PM
Banking & Finance
Hong Kong Monetary Authority (HKMA)
Hong Kong banks cut lending rates, but HKMA warns of volatility ahead
The latest rate cuts by lenders such as HSBC and Bank of China will lighten the monthly burden on mortgage borrowers by about HK$351 to HK$22,452.
19 Dec 2024 - 4:50PM
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Blockchain
Digital currencies
Hong Kong licenses 4 more crypto exchanges amid bitcoin price surge
The approvals bring the total number of licenced virtual asset firms to seven, as Hong Kong moves to revive its crypto industry.
18 Dec 2024 - 8:56PM
People stand next to bitcoin ATMs outside a cryptocurrency exchange in Hong Kong on November 14. Photo: AFP
China Economy
Banking & finance
China needs to harness the power of AI to transform its finance sector, former central banker says
The call comes amid a Chinese government drive to revitalise the economy by cultivating “new quality productive forces”.
18 Dec 2024 - 8:30PM
Banking & Finance
Hong Kong stock market
Hong Kong stock exchange to reduce minimum price changes to boost liquidity
The reform aims to lower overall transaction costs and support a more efficient price-discovery process, says HKEX deputy CEO.
18 Dec 2024 - 10:05AM
Business
Hong Kong property
New World Development takes more beating in market as debt crisis lingers
Stock price slumps further as debt issues threaten to spiral into a crisis of confidence.
18 Dec 2024 - 4:19PM
Banking & Finance
Banking & finance
Hong Kong set to host global heavyweights at Asian Financial Forum
The event on January 13 and 14 will bring together 100 global policymakers, business leaders, investors and experts.
17 Dec 2024 - 6:30PM
Paul Chan Mo-po, Hong Kong’s financial secretary, welcomes attendees to the 17th Asian Financial Forum 2024 at the Hong Kong Convention and Exhibition Centre in Wan Chai on January 24, 2024. Photo: May Tse
Banking & Finance
Banking & finance
Chinese IPOs surge in Hong Kong as Minieye and Guming line up
The maker of autonomous-driving technology aims to raise US$100 million and the bubble-tea purveyor seeks up to US$500 million.
17 Dec 2024 - 6:18PM
Business
Banking & finance
Exclusive
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China-UAE ties evolve as Gulf nation acts as global ‘superconnector’
China’s growing heft in innovative industries is driving partnerships with the UAE, HSBC’s country head says.
17 Dec 2024 - 8:38AM
Banking & Finance
HKEX
Foreign investors gain new collateral options for China bond trades in January
The move provides flexibility to international investors and promotes yuan internationalisation, says bourse operator HKEX.
16 Dec 2024 - 8:24PM
Banking & Finance
Banking & finance
Chinese money fuels hiring spree among private banks in Hong Kong
Wealth managers like UBS, Bank of Singapore and Julius Baer are expanding teams to cater to surging mainland Chinese money.
16 Dec 2024 - 12:37PM
Private wealth managers are on a hiring spree in Hong Kong to cater to wealthy mainland Chinese clients. Photo: Sam Tsang
Banking & Finance
Banking & finance
HSBC’s unit sued in Australia for laxity in preventing online scams
The Australian Securities and Investment Commission (ASIC) lodged a claim against HSBC Bank Australia in relation to 950 reports totalling A$23 million.
16 Dec 2024 - 4:02PM
Banking & Finance
Interest rates
US Federal Reserve set to cut rates as Trump prepares for second term
Analysts expect a slower path of rate cuts next year as they have concerns about some of Trump’s key policy initiatives.
15 Dec 2024 - 12:25PM
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Banking & Finance
Banking & finance
US banks face rising distress as commercial property values slump
Smaller US banks ramp up loan modifications amid slumping commercial property values.
15 Dec 2024 - 11:38AM
The Chicago skyline seen after a snowstorm. Photo: EPA-EFE
Banking & Finance
HKEX
HKEX launches fund platform to boost Hong Kong’s appeal as wealth hub
The first phase of the integrated fund platform launched on Friday provides information on more than 2,000 retail funds.
13 Dec 2024 - 5:56PM
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Business
Hong Kong property
Mystery buyer spends HK$150 million for 26 flats in shopping binge
All the flats were acquired in Kai Tak district in projects including Double Coast 1 and Twin Victoria, according to agents.
13 Dec 2024 - 8:45AM
Banking & Finance
Banking & finance
Exclusive
|
Abu Dhabi Global Market plans China roadshow to boost financial ties
Planned trip in February will stop in Beijing, Shanghai, Shenzhen and Hong Kong amid ‘overwhelming interest’ in the UAE financial centre.
13 Dec 2024 - 9:40PM
OPINION
Scott Cheng
,
David Ketchum
Opinion
|
Weakest link in Hong Kong’s tech ecosystem? Scale-up funding
24 Dec 2024 - 4:30PM
Andrew Sheng
Opinion
|
In a world fraught with risk, Trump will add to the bumps
20 Dec 2024 - 8:30PM
Richard Harris
The View
|
Trump could upend the US economy just as China is recovering
6 Dec 2024 - 5:55AM
4
Anthony Rowley
Opinion
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An America awash in global capital risks spreading financial instability
30 Nov 2024 - 4:30PM
Anthony Rowley
Macroscope
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Are governments finally getting serious about climate finance?
23 Nov 2024 - 4:30PM
Nicholas Spiro
Macroscope
|
The most important part of China’s fiscal stimulus? Expectation management
7 Nov 2024 - 9:23PM
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