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Banking & finance
The Hong Kong skyline and business area are seen from The Peak. Photo: Sam Tsang
Banking & finance

Six major Hong Kong banks keep prime rates unchanged despite HKMA base rate cut

Savings rates near zero limit room for cuts as lenders protect profitability margins, analysts say.

Made in China 2025

China’s Fosun Pharma unit strikes US$2.1 billion obesity drug deal with Pfizer

Banking & finance

Hong Kong launches HKEX Tech 100 Index in pivot towards innovation-driven growth

IPO

Exclusive | Meet the Illinois farmer sowing the seeds of the world’s biggest IPOs of 2026

Jeff Rowe, a fifth-generation Illinois farmer, runs a Chinese-owned Swiss company in Basel that is aiming for one of the world’s largest IPOs in Hong Kong, due in 2026.

Jeff Rowe, the CEO of Syngenta, at his family farm in the US state of Illinois on September 30, 2025. Photo: Anthony Collins/Handout
Jeff Rowe, the CEO of Syngenta, at his family farm in the US state of Illinois on September 30, 2025. Photo: Anthony Collins/Handout
China stock market

Moore Threads shares dazzle with fivefold jump in Shanghai debut

Moore’s shares began trading at 650 yuan amid a declining market, a 468 per cent jump from their initial public offering price of 114.28 yuan.

Banking & finance

Emerging markets to outperform US stocks as dollar weakness continues: report

Latin America, which has been an underappreciated market for many years, is the stand-out performer in emerging markets.

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Millionaires and billionaires

Mainland China’s billionaire count surges as BYD and Mixue bosses power gains

The combined wealth of mainland China’s billionaires soars 22 per cent to US$1.77 trillion; Hong Kong’s ultra-rich population rises.

Wang Chuanfu of BYD is among the tech sector’s biggest wealth gainers. Photo: Handout
Wang Chuanfu of BYD is among the tech sector’s biggest wealth gainers. Photo: Handout
Banking & finance

Hong Kong’s investment body posts US$300 million income in first year

Every dollar invested by the HKIC has attracted more than six in long-term market capital, Financial Secretary Paul Chan says.

Banking & finance

China’s JD.com unit Jingdong Industrials aims for US$412 million Hong Kong IPO

Seven cornerstone investors led by London-based M&G Investments pledge a total of US$170 million.

Banking & finance

From chips to noodles: the newcomers testing Hong Kong’s buoyant IPO market

A wave of billion-dollar offerings is building behind four new listings this week, signalling sustained momentum in Hong Kong’s IPO market.

Guangdong Tianyu Semiconductor plans to raise US$223.42 million at its Hong Kong listing. Photo: Handout
Hong Kong stock market

China’s 3SBio seeks US$400 million in Hong Kong to boost drug pipeline

Share placement to help Shenyang-based firm advance clinical research in China and the US, expand reach of cancer and hair-loss drugs.

Shenyang-based 3SBio is selling a 4.14 per cent stake in the company. Photo: Handout
Shenyang-based 3SBio is selling a 4.14 per cent stake in the company. Photo: Handout
Banking & finance

Hong Kong retail funds hit record pace, surpass 2024 full-year total

Gross sales reach US$82.6 billion in the first three quarters as investors pile into fixed-income funds: HKIFA.

Hong Kong Monetary Authority (HKMA)

Hong Kong pushes local currency use to shield Asia from global uncertainties

HKMA’s Eddie Yue calls for deeper regional financial integration amid tariff shocks, disrupted supply chains and market volatility.

China’s private sector

Beauty market aglow: young Chinese splurge on self-care, Fosun-backed firm says

Growing number of men join women in embracing energy-based aesthetic treatments as a preventive measure: Sisram Medical.

Lior Dayan says Chinese consumers can afford luxury services. Photo: Handout
Banking & finance

3SBio spin-off Mandi banks on hair-loss and weight-loss drugs in Hong Kong IPO

As 3SBio lines up a Hong Kong spin-off for its hair-loss unit Mandi, the subsidiary is preparing a drug pipeline aimed at acne and obesity.

The spin-off would result in 3SBio completely exiting its stake in Mandi. Photo: SMCP
The spin-off would result in 3SBio completely exiting its stake in Mandi. Photo: SMCP
Banking & finance

Baby boom or bust: Trip.com co-founder launches HK$500 million birth-rate fund

Trip.com co-founder James Liang says Hong Kong is uniquely placed to help solve China’s looming population crunch.

Banking & finance

Asia-Pacific investors brace for market correction in 2026: survey

Top concerns include a potential tech bubble, geopolitical tensions and recession, according to Natixis.

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Biomedicine: Industry Trends

China’s clinical trial capacity matches US, attracts more global pharma firms

Growth of innovative clinical trials suggests that Chinese biotech firms’ pipeline of novel drug candidates is expanding, analysts say.

China had 2,694 new clinical trials in 2024, up 13 per cent from a year earlier. Photo: Shutterstock
China had 2,694 new clinical trials in 2024, up 13 per cent from a year earlier. Photo: Shutterstock
Wealth management

Hong Kong’s rich grow richer as stock boom lifts multimillionaires’ wealth, Citi says

The number of Hongkongers with at least HK$10 million in net assets edged up to 395,000, as a booming stock market offset property weakness.

Banking & finance

Hong Kong, Saudi Arabia set to launch US$1 billion fund, Paul Chan says

A ‘major Saudi development company’ will host a roadshow in Hong Kong next month to seek strategic partners, financial secretary says.

Banking & finance

Yuan rapidly gaining ground as Chinese firms plot global expansion

Yuan’s use in cross-border payments rose 14 per cent year on year to 35 trillion yuan (US$4.9 trillion), according to the People’s Bank of China.

The yuan is the world’s third-largest trade finance currency after the US dollar and the euro, according to a report by the China Banking Association. Photo: Shutterstock
IPO

China’s Unitree Robotics completes pre-IPO tutoring for onshore listing

The unicorn is reportedly aiming for a valuation of up to US$7 billion in a listing on Shanghai’s Nasdaq-style Star Market.

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A Unitree robot seen at the Web Summit in Lisbon last week. Photo: AFP
A Unitree robot seen at the Web Summit in Lisbon last week. Photo: AFP
Hong Kong healthcare and hospitals

Australian biotech firm Heidi joins overseas peers in setting up Hong Kong base

Firm will open its first North Asia office in Hong Kong this year, aiming to use its AI platform to ease the city’s doctor shortage.

Banking & finance

Ant AI model to help users forecast cash flow, forex exposure

Falcon TST can forecast cash flow and currency exposure hourly, daily and weekly with more than 90 per cent accuracy, executives say.

Banking & finance

Hong Kong prices world’s first bonds with tokenised settlement

US$1.3 billion issuance helps ‘reinforce the vision’ for Hong Kong as a global hub for digital assets, monetary authority chief says.

Hong Kong is at “the forefront of financial innovation”, says HSBC co-CEO for Asia and the Middle East. Photo: Elson Li
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