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Banking & finance
HSBC sets up captive insurer in Hong Kong to support Asian expansion
Move will solidify Hong Kong’s position as a global leader in asset, wealth, and risk management, lender’s CEO in the city says.
5 hours ago
Standard Chartered Bank
Standard Chartered beats forecasts with 13% gain in first-quarter profit
4 hours ago
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Banking & finance
Mark Tucker, HSBC chairman, plans to retire before the end of 2025
2 May 2025 - 12:11AM
Family offices
Hong Kong family offices should unload US assets, look to Japan, UAE, advisory says
Now is a ‘critical moment’ to ‘get rid of the US’, especially equities and Treasuries, to ‘maintain lower risk-return ratios’, CEO says.
1 May 2025 - 3:16PM
Pedestrians cross a street in the Shibuya district of Tokyo on February 27, 2024. Photo: AFP
Hong Kong property
Negative equity cases in Hong Kong’s real-estate market hit a new high
Negative equity cases soar to highest level since at least 2003 amid rising interest rates; experts advise caution for potential buyers.
1 May 2025 - 12:43AM
Hong Kong stock market
Worst in 50 years: Trump gets ‘F’ in 100-day report card for markets
The Dow and the S&P 500 plunged in first 100 days of Trump’s second term, while US dollar weakened against yen and Swiss franc, data says.
30 Apr 2025 - 10:53PM
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HKEX
HKEX posts record quarterly profit amid trading boom, new stock listings
HKEX’s first-quarter profit of HK$4.08 billion (US$526 million) exceeds analysts’ estimate of HK$3.99 billion.
30 Apr 2025 - 6:30PM
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Hong Kong Exchanges and Clearing operates Asia’s third-largest stock market. Photo: Jonathan Wong
Banking & finance
HSBC to buy back US$3 billion in stock after quarterly profit beats estimates
HSBC says in a worst-case scenario, it could book an additional bad debt provision to guard against a potential global economic slowdown.
29 Apr 2025 - 5:45PM
Electric & new energy vehicles
Seres, Huawei’s carmaking partner, plans Hong Kong listing to fund expansion
Chongqing-based Seres joins state-owned Chery Automobile and EV battery maker CATL in seeking to raise funds in Hong Kong.
28 Apr 2025 - 8:03PM
Hong Kong Monetary Authority (HKMA)
HKMA to help banks assess firms for trade financing by using cargo data
HKMA launches CargoX, leveraging cargo data to enhance trade financing for SMEs amid global tariff concerns.
28 Apr 2025 - 6:30PM
Hong Kong stock market
Goldman sees China funds scooping up US$110 billion of Hong Kong-listed stocks
Southbound inflows have reached US$78 billion this year, surpassing annual net purchases for most years, except in 2020 and 2024: Goldman.
28 Apr 2025 - 4:30PM
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People walk past an electronic board showing some Hang Seng stock indices in Central, Hong Kong. Photo: dpa
Hong Kong stock market
Unitree leads influx of mainland companies eyeing IPOs in Hong Kong
Surge in listing plans augurs well for city’s effort to claw way back to top of global ranking of fundraising destinations.
28 Apr 2025 - 4:19PM
Hong Kong property
Hong Kong’s lived-in home prices approach 9-year low amid US-China tariff war
Home prices in the secondary market have lost 1.7 per cent this year, dragging an official index to the lowest level since July 2016.
28 Apr 2025 - 3:13PM
4
LME
Why the London Metal Exchange’s Hong Kong warehouses are a big deal
The development marks a pivotal step in strengthening Hong Kong’s position as a strategic commodities hub in Asia, industry leaders say.
28 Apr 2025 - 8:30AM
Wealth management
UK fund manager Schroders to invest more in Hong Kong, CEO says
‘When we think about where wealth is growing the fastest, it is in Asia,’ Richard Oldfield says.
28 Apr 2025 - 7:30AM
Richard Oldfield, group chief executive of Schroders, pictured at the firm’s office in Admiralty on April 14, 2025. Photo: Sun Yeung
US-listed Chinese stocks
Wall Street’s data-crunching skeptics sit out the turnaround trade
Wall Street’s skeptics see reason to doubt that Wall Street’s history of quick resurrections will repeat.
27 Apr 2025 - 10:44AM
Tourism
Inspiration for The Shining, the Stanley Hotel to get refit and expansion
Stephen King’s horror story was inspired by a stay at the empty Stanley Hotel in Colorado, which will undergo a US$300 million renovation.
25 Apr 2025 - 7:15PM
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Insurance
Hong Kong’s 2024 life insurance sales soar 21% to record US$28 billion
Mainland Chinese tourists last year spent HK$62.8 billion (US$8 billion) on life and medical policies, up 6.5 per cent from 2023, according to the Insurance Authority.
25 Apr 2025 - 7:34PM
Insurance sales agents approach mainland tourists in Canton Road, Tsim Sha Tsui. Photo: Eugene Lee
Banking & finance
Hong Kong’s Gaw Capital to raise new US$2 billion property fund
A potential investor was told the fund’s investments would be diversified and remain flexible amid market volatility.
25 Apr 2025 - 5:38PM
IPO
Xpeng-backed maker of EV dump trucks plans US$30 million Hong Kong IPO
The Shanghai-based company is selling 13 million shares at HK$18 each, with trading to start on May 7.
25 Apr 2025 - 12:13PM
Banking & finance
China’s wealthy are hoarding cash amid an uncertain economy, survey finds
Chinese high-net-worth investors are wary of taking risks during a period of intense turbulence.
24 Apr 2025 - 8:30PM
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China’s economic stimulus
Explainer
|
How China is expanding and accelerating its ‘special bonds’ programme
Beijing is issuing more ultra-long-term government bonds as it strives to shore up the Chinese economy amid an intensifying US trade war.
24 Apr 2025 - 6:30PM
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China plans to issue special government bonds worth more than US$170 billion this year, as it seeks to shore up the economy amid an intensifying trade war with the United States. Photo: AFP
Mainland China
China takes steps to boost yuan with overseas gold storage facilities
China to explore the internationalisation of physical delivery for specific products traded on the Shanghai Gold Exchange.
23 Apr 2025 - 5:50PM
Bonds
Sales of keepwell bonds to shrink after ‘epic, unproductive’ court fight: S&P
A PUFG case comes up short in a test of the keepwell structure’s ability to address subordination risk in a default, S&P says.
23 Apr 2025 - 11:00AM
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Business of climate change
China’s energy-storage sector in trouble as price war, tariffs dent outlook
Slower capital spending and weaker prices projected as tariffs set to hit China’s biggest export market for energy-storage systems.
23 Apr 2025 - 9:30AM
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2 May 2025 - 2:28PM
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Ant Group showcases its top AI researchers in bid to woo talent in tight market
1 May 2025 - 8:00PM
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