https://www-scmp-com.libproxy1.nus.edu.sg/rss/11/feed The latest banking, finance and business news from Hong Kong and abroad. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Enoch Yiu,Zoe SL Chan Enoch Yiu,Zoe SL Chan Participants in Hong Kong’s stock market may need to wait longer for shorter transaction settlement times, as market participants want more time to prepare for the change, according to two sources familiar with the matter. Bourse operator Hong Kong Exchanges and Clearing (HKEX) said in a consultation paper in April that it aimed to implement a so-called T+1 system – under which trades would be settled one day after transactions – in the fourth quarter of 2027, replacing the existing T+2... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3370813/no-rush-t1-hong-kong-exchange-wont-hurry-settlement-time-change-sources-say?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3370813/no-rush-t1-hong-kong-exchange-wont-hurry-settlement-time-change-sources-say?utm_source=rss_feed Wed, 14 Oct 2026 06:00:07 +0000 Tim Yuen Lingk Tim Yuen Lingk Rising sovereign debt and borrowing costs have prompted a fresh warning from the International Monetary Fund (IMF) about risks to the fiscal health of member countries, with 24-year highs in US Treasury yields expected to become one of the focal topics for central bankers and finance ministers gathering in Bangkok this week. The average yield on 10-year government bonds across the Group of Seven economies increased by more than 1 percentage point between February and September this year,... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370722/imf-warns-higher-borrowing-costs-are-straining-public-finances-worldwide?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370722/imf-warns-higher-borrowing-costs-are-straining-public-finances-worldwide?utm_source=rss_feed Wed, 14 Oct 2026 02:00:12 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma China’s central bank boosted gold holdings by the most in three years last month, taking advantage of a dip in prices to further pare its exposure to US dollar assets amid tensions with Washington. Holdings rose by 740,000 troy ounces (23 tonnes) to reach 77.47 million ounces at the end of September, the People’s Bank of China said last week. The total gold pile is worth about US$324 billion at market prices and compares with China’s foreign exchange reserves of US$3.4 trillion. The People’s... https://www-scmp-com.libproxy1.nus.edu.sg/plus/business/commodities/article/3370735/pboc-adds-most-gold-three-years-amid-china-pivot-us-dollar?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/plus/business/commodities/article/3370735/pboc-adds-most-gold-three-years-amid-china-pivot-us-dollar?utm_source=rss_feed Tue, 13 Oct 2026 09:40:58 +0000 Zoe SL Chan,Enoch Yiu Zoe SL Chan,Enoch Yiu Hong Kong’s securities watchdog has moved against two syndicates suspected of being involved in three alleged initial public offering fraud schemes involving assets worth HK$4.6 billion (US$590 million), according to a statement released on Tuesday. The Securities and Futures Commission (SFC) also announced on the same day that it had suspended 65 listing applications in the first nine months of this year due to the poor quality of their listing sponsors’ work, in what analysts viewed as an... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370697/hong-kong-watchdog-orders-suspension-third-stock-month?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370697/hong-kong-watchdog-orders-suspension-third-stock-month?utm_source=rss_feed Tue, 13 Oct 2026 07:00:10 +0000 Daisy Wu Daisy Wu Haidilao International Holding has agreed to provide its founder, Zhang Yong, with a one-month loan of up to the Hong Kong dollar equivalent of 100 million yuan (US$14.9 million), a move that has raised market speculation as investors closely watch Beijing’s October 22 deadline for offshore trust taxation. The Hong Kong-listed hotpot chain said in a stock exchange filing on Monday night that it would fund the loan from internal resources and charge interest at 0.6 percentage points above the... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370680/why-haidilaos-us149-million-credit-line-founder-fuelling-china-tax-speculation?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370680/why-haidilaos-us149-million-credit-line-founder-fuelling-china-tax-speculation?utm_source=rss_feed Tue, 13 Oct 2026 06:00:11 +0000 Zhu Wenqian Zhu Wenqian Hong Kong Exchanges and Clearing (HKEX) is planning further measures to boost market liquidity, attract more international investors and expand the use of China’s currency, including through yuan-denominated gold futures and stock trading, according to a blog post by its CEO on Monday. The plans come as the city steps up efforts to reinforce its position as a leading international financial centre, following priorities outlined in the government’s policy address and the city’s five-year... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3370617/hong-kong-expand-indices-derivatives-and-yuan-denominated-products-hkex-ceo?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3370617/hong-kong-expand-indices-derivatives-and-yuan-denominated-products-hkex-ceo?utm_source=rss_feed Mon, 12 Oct 2026 11:07:25 +0000 Zoe SL Chan Zoe SL Chan Shenzhen Transsion Holdings drew a lukewarm response for its HK$3.36 billion (US$428 million) Hong Kong share offering, heightening worries over market sentiment for new listings in the fourth quarter. The maker of Africa’s bestselling phones closed its bookbuilding on Monday, with preliminary figures showing the offering attracted about 14,000 applications and was oversubscribed roughly 3.5 times, according to people familiar with the matter. Retail participation in Hong Kong initial public... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370604/few-hong-kong-investors-take-interest-listing-africas-top-phone-maker-transsion?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370604/few-hong-kong-investors-take-interest-listing-africas-top-phone-maker-transsion?utm_source=rss_feed Mon, 12 Oct 2026 10:03:02 +0000 Xinmei Shen Xinmei Shen A former top executive at HSBC has launched an artificial intelligence-driven wealth management start-up, setting her sights on a billion-dollar valuation and betting that AI can transform how individuals manage their investments and finances. Trista Sun, formerly a managing director in the international wealth and premier banking division at HSBC, said in an interview last week that her venture Equora aimed to help investors manage their finances “proactively” with AI agents, addressing... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/wealth/article/3370565/former-hsbc-executive-launches-wealth-platform-powered-team-ai-agents?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/money/wealth/article/3370565/former-hsbc-executive-launches-wealth-platform-powered-team-ai-agents?utm_source=rss_feed Mon, 12 Oct 2026 09:00:09 +0000 Themis Qi Themis Qi Police in China have detained a controller of Yiren Digital, a US-listed Chinese digital lender, after two related investment platforms failed to repay mainland investors for over four months. The Beijing Municipal Public Security Bureau said that it had recently launched an official criminal investigation into relevant companies associated with CreditEase over suspected illegal activities and had arrested controllers, including a 53-year-old male with the surname Tang and a 51-year-old female... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370569/beijing-police-detain-yiren-digital-chairman-after-massive-product-defaults?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370569/beijing-police-detain-yiren-digital-chairman-after-massive-product-defaults?utm_source=rss_feed Mon, 12 Oct 2026 07:24:24 +0000 Peggy Ye Peggy Ye China’s top securities regulator has signalled fresh support for the domestic A-share market, convening a symposium over the weekend as authorities sought to shore up sentiment following a sharp sell-off in technology shares driven by concerns over US sanctions. The China Securities Regulatory Commission (CSRC) brought together executives from listed companies and experts from securities firms and fund managers at a meeting in Beijing on Saturday to “discuss the country’s capital markets and... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370506/beijing-moves-steady-share-market-after-sharp-tech-sell?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370506/beijing-moves-steady-share-market-after-sharp-tech-sell?utm_source=rss_feed Mon, 12 Oct 2026 01:00:19 +0000 Enoch Yiu Enoch Yiu Hong Kong would need to ease its listing rules and transaction requirements to attract more angel funds and become a hub for start-ups to go global, according to a leading industry body in the city. The city has only around 100 active angel funds – private investment vehicles targeting very early-stage innovative enterprises. This was far fewer than Shenzhen, which had about 400 such institutions, according to Samson Tam Wai-ho, honorary chairman of the Hong Kong Electronic Industries... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370419/hong-kong-must-ease-listing-rules-attract-more-angel-funds-and-start-ups-hkeia?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370419/hong-kong-must-ease-listing-rules-attract-more-angel-funds-and-start-ups-hkeia?utm_source=rss_feed Mon, 12 Oct 2026 00:00:16 +0000 Yulu Ao Yulu Ao China’s investment banks spent decades trying to emulate Goldman Sachs, the Wall Street powerhouse that became a benchmark for the country’s financial ambitions and whose alumni included senior US policymakers like former Treasury secretary Henry Paulson. Today, Beijing’s goal has evolved beyond building a Chinese version of Goldman. At the Central Financial Work Conference in 2023, President Xi Jinping called for cultivating first-class investment institutions as part of China’s ambition to... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3370375/chinese-brokers-work-crack-final-code-win-clients-global-stage?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3370375/chinese-brokers-work-crack-final-code-win-clients-global-stage?utm_source=rss_feed Sun, 11 Oct 2026 14:00:07 +0000 Daniel Ren Daniel Ren Groundbreaking land-renewal policies recently announced in Guangzhou and Shanghai represent a step forward in stabilising China’s commercial property market and shoring up investors’ confidence amid Beijing’s efforts to revive the real estate industry, according to officials and industry analysts. The new rules governing the leasing of land for commercial and industrial use will also facilitate the issuance of exchange-traded real estate investment trusts (Reits), a financing tool that... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370350/clock-ticks-chinas-commercial-land-leases-renewal-plans-allay-investors-concerns?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370350/clock-ticks-chinas-commercial-land-leases-renewal-plans-allay-investors-concerns?utm_source=rss_feed Sun, 11 Oct 2026 01:00:11 +0000 Tan Poh Hwee Tan Poh Hwee Cryptocurrency’s promise of financial freedom carries a cost the industry must confront: growing wealth can make its owners more attractive targets for violent criminals. Protecting digital assets while treating the physical safety of their holders as a personal matter is an inadequate approach to financial security. The industry must take responsibility for designing products and services which account for the reality that people can be threatened into surrendering their assets. The rise in... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/world-opinion/article/3370088/better-protection-needed-violent-cryptocurrency-robberies-surge?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/world-opinion/article/3370088/better-protection-needed-violent-cryptocurrency-robberies-surge?utm_source=rss_feed Sat, 10 Oct 2026 08:30:05 +0000 Tim Yuen Lingk Tim Yuen Lingk Hong Kong’s securities watchdog is renewing its push to boost market liquidity, setting out further reforms as emerging markets grapple with capital outflow pressure amid a rally in US equities and a strengthening dollar. Speaking at a conference organised by the Asia Securities Industry & Financial Markets Association (Asifma) on Friday, Julia Leung, CEO of the Securities and Futures Commission (SFC), outlined measures ranging from extended trading hours and shorter settlement cycles to... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370363/hong-kong-outlines-new-liquidity-reforms-us-market-rally-pulls-funds-away?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370363/hong-kong-outlines-new-liquidity-reforms-us-market-rally-pulls-funds-away?utm_source=rss_feed Fri, 09 Oct 2026 10:01:00 +0000 Enoch Yiu Enoch Yiu A US lawmaker’s call for a review of Hong Kong’s access to a Federal Reserve facility that provides short-term US dollar funding would have limited impact on the city as it is not a regular source of financing, according to analysts, who said any restriction could instead weaken the US dollar’s global dominance. John Moolenaar, chairman of the House Select Committee on China, has written to US Federal Reserve chairman Kevin Warsh urging a review of the Hong Kong Monetary Authority’s (HKMA)... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370283/hong-kong-faces-limited-impact-if-fed-curbs-access-us-dollar-funding-facility-analysts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370283/hong-kong-faces-limited-impact-if-fed-curbs-access-us-dollar-funding-facility-analysts?utm_source=rss_feed Fri, 09 Oct 2026 05:08:34 +0000 Daisy Wu Daisy Wu China should seize a window opened by the widening US-China yield gap to strengthen the financing, hedging and asset-absorption systems behind the yuan, turning its cyclical low-interest-rate advantage into lasting global use of the currency, according to a researcher from a Beijing-based governmental think tank. The 10-year US Treasury yield was 5.22 per cent on Thursday, compared with 1.69 per cent for Chinese government bonds on their first trading day after the National Day holiday – a gap... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370252/can-china-use-widening-yield-gap-between-us-dollar-and-yuan-boost-global-role?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370252/can-china-use-widening-yield-gap-between-us-dollar-and-yuan-boost-global-role?utm_source=rss_feed Fri, 09 Oct 2026 03:00:07 +0000 Enoch Yiu Enoch Yiu As Hong Kong and Singapore compete for leadership in businesses ranging from foreign exchange trading to wealth management, the battleground has extended to artificial intelligence, with both cities vying to attract investment from HSBC Holdings and other major corporations, according to industry players. The issue came into focus after the Hong Kong Monetary Authority (HKMA) questioned HSBC about its decision to set up an AI centre in Singapore, despite Hong Kong being its single largest... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370203/amid-battle-ai-edge-hong-kong-presses-hsbc-over-singapore-hub-decision-sources?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370203/amid-battle-ai-edge-hong-kong-presses-hsbc-over-singapore-hub-decision-sources?utm_source=rss_feed Thu, 08 Oct 2026 12:00:11 +0000 Chris Tsang Chris Tsang Several retail properties sold recently by prominent Hong Kong investors have been offloaded at a loss – a trend analysts attributed to banks maintaining a tough stance on debt collection. Stanley Poon Chi-ming, managing director at Centaline Commercial, said retail property prices had fallen by 30 to 70 per cent from their 2018 peaks. That meant any sales in the current market – especially of properties bought around a decade ago – would essentially result in a loss. “Many retail property... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370125/retail-properties-offloaded-losses-weak-market-revaluations-spark-bank-concerns?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370125/retail-properties-offloaded-losses-weak-market-revaluations-spark-bank-concerns?utm_source=rss_feed Thu, 08 Oct 2026 11:00:09 +0000 Zoe SL Chan Zoe SL Chan Exuberance among cornerstone investors in Hong Kong’s booming initial public offering (IPO) market seems to be fading, forcing some issuers that had hoped to list this month to postpone their offerings. With more than 60 per cent of new listings in the third quarter now trading below their issue prices, cornerstone investors – who typically receive guaranteed allocations in exchange for holding shares for six months – are reconsidering whether to subscribe to coming deals, according to people... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370173/hong-kong-ipo-boom-risk-cornerstone-backers-get-cold-feet-sources-say?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3370173/hong-kong-ipo-boom-risk-cornerstone-backers-get-cold-feet-sources-say?utm_source=rss_feed Thu, 08 Oct 2026 08:11:07 +0000 Cheryl Arcibal Cheryl Arcibal Higher interest rates have weighed on property markets in both Hong Kong and New York, but Morgan Stanley sees greater upside potential in the Asian financial hub – particularly the office segment – in the months ahead, according to its latest report. The US investment bank highlighted the similarities between two of the world’s leading financial centres, pointing out that Hong Kong’s monetary policy moved in lockstep with the US Federal Reserve, while both cities faced limited land supply,... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370022/why-morgan-stanley-sees-more-upside-hong-kong-offices-new-york-towers?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370022/why-morgan-stanley-sees-more-upside-hong-kong-offices-new-york-towers?utm_source=rss_feed Wed, 07 Oct 2026 09:00:12 +0000 Enoch Yiu Enoch Yiu Banking apps from Mox Bank, Bank of China (Hong Kong) (BOCHK), ZA Bank and Citibank Hong Kong are among the top 10 in Asia-Pacific, according to a study exclusively previewed by the South China Morning Post. Sia, an international consulting firm, assessed 145 banking apps in 20 markets in Europe, Asia and Australia using 100 criteria, including functionality, user experience and feedback, with each receiving a score from 0 to 100. The app from digital lender Mox Bank – backed by Standard... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369900/mox-bochk-za-bank-and-citibank-apps-land-among-asia-pacifics-10-best-study-says?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369900/mox-bochk-za-bank-and-citibank-apps-land-among-asia-pacifics-10-best-study-says?utm_source=rss_feed Tue, 06 Oct 2026 08:00:11 +0000 Haining Gao Haining Gao – https://www-scmp-com.libproxy1.nus.edu.sg/plus/business/banking-finance/article/3369852/hong-kongs-big-ipo-haul?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/plus/business/banking-finance/article/3369852/hong-kongs-big-ipo-haul?utm_source=rss_feed Tue, 06 Oct 2026 02:22:01 +0000 Enoch Yiu Enoch Yiu Hong Kong Monetary Authority (HKMA) has granted a banking licence to Bakai Bank, marking the first Central Asian bank to set up in Hong Kong amid closer ties in the economy and trade flows between China and the region, according to a statement on Monday. Bakai Bank, one of the largest lenders in Kyrgyzstan, will operate as a restricted licence bank in Hong Kong. It will be the 17th restricted licence bank in Hong Kong. Under the licence, it can take deposits of at least HK$500,000 (US$63,776)... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3365704/hkma-licenses-bakai-bank-citys-first-central-asia?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3365704/hkma-licenses-bakai-bank-citys-first-central-asia?utm_source=rss_feed Mon, 05 Oct 2026 09:42:58 +0000 Enoch Yiu Enoch Yiu Hong Kong lawmakers have backed the government’s proposed tax incentives for large innovative companies, but many said on Monday that the planned five-year concession period is too short to attract major firms to establish headquarters or expand operations in the city. Chief Executive John Lee Ka-chiu in his policy address last month said the government planned to submit a bill introducing preferential profits tax rates of either 5 per cent or 8.25 per cent, which was half of the city’s standard... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369781/hong-kong-lawmakers-say-5-year-tax-incentive-too-short-entice-major-innovative-firms?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3369781/hong-kong-lawmakers-say-5-year-tax-incentive-too-short-entice-major-innovative-firms?utm_source=rss_feed Mon, 05 Oct 2026 08:00:08 +0000 Zoe SL Chan Zoe SL Chan Private equity firms are moving to plug a commercial real estate funding gap as traditional banks pull back, with one fund filing to launch Hong Kong’s first listed property debt vehicle. Gaw Capital, a Hong Kong-based real estate private equity fund which managed US$35.6 billion in assets as of late 2025, filed to list its Gaw Capital Real Estate Private Debt OFC on Friday, seeking to become the first property-focused private debt fund on the Hong Kong stock exchange’s main board. The fund has... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369764/hong-kong-poised-first-listed-property-debt-fund-banks-pull-back?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369764/hong-kong-poised-first-listed-property-debt-fund-banks-pull-back?utm_source=rss_feed Mon, 05 Oct 2026 06:03:24 +0000 Enoch Yiu Enoch Yiu UK fund house Schroders will increase investment and headcount in Hong Kong after being acquired by US asset manager Nuveen, according to Schroders’ global CEO. “Hong Kong is a critical interface for mainland China through schemes like Wealth Management Connect,” Richard Oldfield said in an online interview with the South China Morning Post on Friday. The scheme, launched in 2021, allows investors in the Greater Bay Area to buy wealth-management products across borders. Underpinning Schroders’... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369699/asset-manager-schroders-expand-hong-kong-after-merger-nuveen-ceo-says?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369699/asset-manager-schroders-expand-hong-kong-after-merger-nuveen-ceo-says?utm_source=rss_feed Mon, 05 Oct 2026 03:00:06 +0000 Tim Yuen Lingk Tim Yuen Lingk Beijing has tightened scrutiny of quantitative trading funds in recent months amid fears they add to market instability. Yet a leading investor believes the future is bright for China’s quant funds, as they are “necessary for a developed economy”. Seth Huang, the head of Aris Capital, said quant funds had such a clear advantage over retail investors on China’s capital markets that the situation could be described as “a war with some using machine guns and others butcher knives”. Quant funds have... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369650/quant-funds-are-necessary-chinas-ascent-financial-powerhouse-investor?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369650/quant-funds-are-necessary-chinas-ascent-financial-powerhouse-investor?utm_source=rss_feed Mon, 05 Oct 2026 00:00:35 +0000 Daisy Wu Daisy Wu After Ping An Bank became the first listed Chinese lender to formally adopt rules governing its use of artificial intelligence, analysts said more mainland institutions were likely to follow, with the move setting an early benchmark for how far the sector can go in applying the technology. The Shenzhen-listed bank said in a filing on Wednesday that its board had approved AI management measures, following a regulatory push for banks to strengthen oversight of AI use. The full rules have not been... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369577/more-chinese-banks-likely-adopt-ai-rules-after-ping-move-analysts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369577/more-chinese-banks-likely-adopt-ai-rules-after-ping-move-analysts?utm_source=rss_feed Sat, 03 Oct 2026 03:00:18 +0000 Themis Qi Themis Qi Hong Kong Investment Corporation (HKIC) has extended the tenure of its current CEO, Clara Chan Ka-chai, for another three years as the city vows to boost emerging industries in its first five-year plan. The wholly government-owned investment vehicle, which manages HK$62 billion (US$7.9 billion) in funds, announced that Chan would stay on as head through October 2029, according to a statement on Friday. “I look forward to Clara’s continued leadership of the HKIC over the next three years,... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369586/clara-chan-retains-helm-hkic-hk62b-state-fund-aligns-citys-5-year-plan?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369586/clara-chan-retains-helm-hkic-hk62b-state-fund-aligns-citys-5-year-plan?utm_source=rss_feed Fri, 02 Oct 2026 10:28:29 +0000 Raymond Ma,Neil Denslow Raymond Ma,Neil Denslow Hong Kong stock debuts are losing steam as a deluge of initial public offerings (IPOs) overwhelms investor appetite. Seven of September’s 12 IPOs fell on the first day of trading, raising the third-quarter total to 15 flops out of 31, based on Bloomberg data. By contrast, there were only 14 declines among 77 debuts in the first half of the year. Medcaptain Medical Technology led September’s first-day flops, plunging 43 per cent. Fast-fashion giant Shein tumbled as much as 10 per cent on its... https://www-scmp-com.libproxy1.nus.edu.sg/plus/business/banking-finance/article/3369567/hong-kong-ipos-falter-china-aids-homebuyers-eu-trade-talks?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/plus/business/banking-finance/article/3369567/hong-kong-ipos-falter-china-aids-homebuyers-eu-trade-talks?utm_source=rss_feed Fri, 02 Oct 2026 09:05:40 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong ranked seventh globally as a destination for attracting and retaining the next generation of high-net-worth individuals (HNWIs), trailing traditional rival Singapore in sixth place, according to a Savills study. The two top finance hubs in the Asia-Pacific region have been stepping up efforts to strengthen their positions as regional wealth-management hubs amid an unprecedented global transfer of wealth between generations. “Hong Kong offers many incentives similar to Singapore,”... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369536/hong-kong-ranks-7th-globally-drawing-next-wealthy-class-trailing-singapore-study?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369536/hong-kong-ranks-7th-globally-drawing-next-wealthy-class-trailing-singapore-study?utm_source=rss_feed Fri, 02 Oct 2026 07:01:09 +0000 Xinmei Shen Xinmei Shen A sell-off in technology stocks pushed mainland Chinese equities to their lowest level in more than a year, even as Beijing stepped up support for the economy with a key interest rate cut. At the same time, Chinese government bonds attracted fresh interest as US Treasury yields climbed to a new high. Here are some figures that have captured market attention this week. China’s CSI 300 Index hits 13-month low Mainland China’s CSI 300 Index dropped 2.2 per cent on Monday to its lowest level since... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369517/stock-losses-bond-bets-5-figures-investors-are-watching-china?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369517/stock-losses-bond-bets-5-figures-investors-are-watching-china?utm_source=rss_feed Fri, 02 Oct 2026 05:00:06 +0000 Tim Yuen Lingk Tim Yuen Lingk China’s quantitative investing sector has added 18 new members to the ranks of funds managing more than 10 billion yuan (US$1.5 billion) in assets this year, underlining the industry’s ability to generate competitive returns despite a tight regulatory environment. The firms were among 159 Chinese hedge funds overseeing more than 10 billion yuan each, according to financial news agency Cailian Press. Their growth has been fuelled by technology-driven momentum in the world’s second-largest stock... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369376/deepseek-effect-how-chinas-quant-funds-thrive-amid-tight-regulatory-scrutiny?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369376/deepseek-effect-how-chinas-quant-funds-thrive-amid-tight-regulatory-scrutiny?utm_source=rss_feed Fri, 02 Oct 2026 02:00:18 +0000 Zhu Wenqian Zhu Wenqian Chinese-American billionaire investor Duan Yongping, often called China’s Warren Buffett, has added 30,000 shares of Shanghai-listed baijiu maker Kweichou Moutai to his portfolio in his third public stake increase this year amid a deep sector-wide adjustment. Moutai’s premium valuation has long relied heavily on corporate and social gifting demand. Yet stricter supervision, more prudent corporate spending and ongoing anti-corruption efforts in recent years have dented demand, according to... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369330/chinas-warren-buffett-adds-moutai-shares-3rd-time-baijiu-sector-seeks-bottom?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369330/chinas-warren-buffett-adds-moutai-shares-3rd-time-baijiu-sector-seeks-bottom?utm_source=rss_feed Thu, 01 Oct 2026 00:00:15 +0000 Enoch Yiu,Themis Qi Enoch Yiu,Themis Qi Hong Kong commercial banks continue to offer incentives to attract mainland visitors during the first golden week after Beijing tightened cross-border investment rules and enforced the collection of a 20 per cent levy on overseas investment or insurance gains. HSBC would offer up to HK$88,000 (US$11,215) for new high-end clients, as well as experiences including a National Day fireworks dinner and tickets to the China Open tennis tournament in Beijing or a K-pop concert, according to the bank’s... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369382/hong-kong-banks-set-golden-week-lures-mainland-chinese-visitors-despite-new-levies?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369382/hong-kong-banks-set-golden-week-lures-mainland-chinese-visitors-despite-new-levies?utm_source=rss_feed Wed, 30 Sep 2026 15:39:25 +0000 Daisy Wu Daisy Wu Singapore’s central bank has selected five international asset managers to handle S$1.45 billion (US$1.3 billion) in locally focused equity strategies, making its latest effort to revive the city state’s stock market amid sharpening rivalry with regional financial hub Hong Kong. Amundi, Franklin Templeton, HSBC Asset Management, M&G Investments and Natixis Investment Managers were named on Tuesday as part of the third batch of mandates awarded under the Monetary Authority of Singapore’s (MAS)... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369308/singapore-beefs-rivalry-hong-kong-picking-5-firms-boost-equity-market?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369308/singapore-beefs-rivalry-hong-kong-picking-5-firms-boost-equity-market?utm_source=rss_feed Wed, 30 Sep 2026 09:13:44 +0000 Zoe SL Chan,Enoch Yiu Zoe SL Chan,Enoch Yiu Funds raised through Hong Kong initial public offerings (IPOs) doubled in the first nine months of 2026, reaching the highest level for the period since records began in 1980. A total of 112 companies raised US$48.4 billion on Hong Kong’s main board during the first nine months, according to data released by LSEG Data & Analytics on Wednesday. A further two companies listed on the city’s Growth Enterprise Market (GEM). By deal count, the combined total of 114 new listings on the main board and... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369316/hong-kongs-ipo-haul-first-9-months-smashes-record-despite-nasdaqs-fundraising-lead?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369316/hong-kongs-ipo-haul-first-9-months-smashes-record-despite-nasdaqs-fundraising-lead?utm_source=rss_feed Wed, 30 Sep 2026 08:00:27 +0000 Zoe SL Chan Zoe SL Chan Mainland China-based printed circuit board (PCB) maker Suzhou Dongshan Precision Manufacturing has cleared its final listing hurdle in Hong Kong and is moving towards a share sale that may rank among the city’s largest initial public offerings (IPOs) in the fourth quarter, according to people familiar with the matter. The company passed its listing hearing with bourse operator Hong Kong Exchanges and Clearing (HKEX) recently, the people said, requesting anonymity because the information was... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369299/mainland-chinas-pcb-giant-wins-hong-kong-approval-planned-us3b-listing-sources?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369299/mainland-chinas-pcb-giant-wins-hong-kong-approval-planned-us3b-listing-sources?utm_source=rss_feed Wed, 30 Sep 2026 07:00:08 +0000 Yulu Ao Yulu Ao Yi Huiman, the former chairman of China’s securities regulator, has been formally prosecuted for allegedly accepting “especially large” bribes, as Beijing presses ahead with a sweeping anti-corruption campaign in the financial sector. Prosecutors in the eastern city of Qingdao recently filed a case against Yi with the Qingdao Intermediate People’s Court after an investigation by the National Commission of Supervision, state-owned Xinhua News Agency said on Wednesday. Yi allegedly used his... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369289/former-csrc-chairman-yi-huiman-formally-prosecuted-taking-especially-large-bribes?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369289/former-csrc-chairman-yi-huiman-formally-prosecuted-taking-especially-large-bribes?utm_source=rss_feed Wed, 30 Sep 2026 05:30:05 +0000 Enoch Yiu Enoch Yiu HSBC on Wednesday named its stablecoin offering HSBC RedCoin, paving the way for Hong Kong’s biggest lender to make the coin available to the more than 3.3 million users of its PayMe app for money transfers, shopping and dining. When launched before the end of the year, the stablecoin would be offered only through PayMe and HSBC’s Hong Kong mobile banking app, HSBC said. The bank said it was optimistic about retail usage of HSBC RedCoin, as 74 per cent of respondents to a survey of more than... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369284/hsbc-unveils-redcoin-name-its-hong-kong-stablecoin-33-million-payme-users?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369284/hsbc-unveils-redcoin-name-its-hong-kong-stablecoin-33-million-payme-users?utm_source=rss_feed Wed, 30 Sep 2026 04:18:24 +0000 Peggy Ye Peggy Ye Hong Kong looks set to be hit by a wave of interest rate rises in the coming months, but the city’s property market is unlikely to suffer the same level of damage seen during the last rate cycle in 2022 and 2023, according to analysts. Though major Hong Kong banks have so far held rates steady despite the US Federal Reserve raising its benchmark rate earlier this month, they are widely expected to increase them if the Fed follows through with further tightening later this year. The combination... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3369265/looming-interest-rate-rises-will-not-hit-hong-kong-hard-2022-analysts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3369265/looming-interest-rate-rises-will-not-hit-hong-kong-hard-2022-analysts?utm_source=rss_feed Wed, 30 Sep 2026 02:02:57 +0000 Enoch Yiu Enoch Yiu Hong Kong has seen strong growth in private wealth assets, but the industry has not yet seen the same scale of hiring, as private banks and wealth management companies have adopted technology including AI to serve customers, according to consulting firm Capco. “When assets under management by private banks are growing rapidly, the relationship managers are not increasing at the same rate as the use of technology and AI are enhancing the productivity of the team,” Simon Smallcombe, Capco’s... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369160/ai-uptake-sees-wealth-management-headcounts-hong-kong-trail-growth-assets?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369160/ai-uptake-sees-wealth-management-headcounts-hong-kong-trail-growth-assets?utm_source=rss_feed Tue, 29 Sep 2026 23:00:09 +0000 Zhu Wenqian Zhu Wenqian Citi Research has turned bullish on China’s 30-year government bonds, projecting that yields will fall further even as US Treasury yields climb. In a Monday research note, analysts at the Wall Street bank recommended that investors go long on China’s 30-year sovereign debt, saying they expected the yield to fall towards 1.8 per cent while the 10-year yield could edge towards 1.6 per cent. The analysts attributed the outlook to easing supply pressures and improved market dynamics for China’s... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3369198/why-citi-betting-chinas-30-year-bonds-us-treasury-yields-climb?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3369198/why-citi-betting-chinas-30-year-bonds-us-treasury-yields-climb?utm_source=rss_feed Tue, 29 Sep 2026 09:22:43 +0000 Yulu Ao Yulu Ao Global investors are turning to China again in search of alternatives to crowded US asset markets, with Pimco seeing Chinese bonds as one of the safest ways to diversify portfolios after sentiment towards the world’s second-largest economy “flipped 180 degrees”. The US-based asset manager, which oversaw more than US$2 trillion in assets by the end of June, had been pointing its clients, particularly those outside the United States, towards Chinese offshore bonds, according to its president,... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369148/180-degree-flip-sees-global-investors-turn-china-diversification-pimco-president?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369148/180-degree-flip-sees-global-investors-turn-china-diversification-pimco-president?utm_source=rss_feed Tue, 29 Sep 2026 08:00:11 +0000 Zoe SL Chan Zoe SL Chan Hong Kong welcomed four companies to start trading on Tuesday after they raised a combined HK$14.4 billion (US$1.83 billion) – but three opened below their offer prices, adding pressure to an already sluggish month for initial public offerings (IPOs). Automated equipment manufacturer RoboTechnik Intelligent Technology was the largest company to make its debut, having raised HK$5.18 billion, but its shares closed 4.9 per cent lower at HK$414.4 (US$52.82) after dropping as much as 9.8 per... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369156/hong-kongs-ipo-revival-faces-test-three-new-stocks-stumble-debut?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369156/hong-kongs-ipo-revival-faces-test-three-new-stocks-stumble-debut?utm_source=rss_feed Tue, 29 Sep 2026 07:00:10 +0000 Frank Tang Frank Tang JPMorgan Chase, the world’s top bank by market capitalisation, plans to expand hiring and technology investment across mainland China and Hong Kong and is looking to take advantage of the city’s strengthening capital markets as well as its platform for serving companies operating in and out of the Chinese market, according to senior executives. CEO Jamie Dimon said the banking giant’s China-related business, measured by factors including client volume, has grown sharply over the past decade –... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369009/why-jpmorgan-expanding-china-ceo-dimon-sees-another-decade-sharp-growth?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369009/why-jpmorgan-expanding-china-ceo-dimon-sees-another-decade-sharp-growth?utm_source=rss_feed Tue, 29 Sep 2026 06:00:05 +0000 Frank Tang Frank Tang Jamie Dimon’s recent whirlwind visit to Hong Kong followed a similar script: a schedule packed with meetings involving the entrepreneurs and business leaders connecting China with global markets. But it was his increasingly visible stance on global issues that appeared to extend his career beyond market strategy and financial industry leadership as CEO of JPMorgan Chase. His preoccupation with economic growth and world affairs drew particular attention in Hong Kong last week, shortly before... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369097/jpmorgans-jamie-dimon-how-growth-can-untangle-us-china-strife-thorny-global-issues?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369097/jpmorgans-jamie-dimon-how-growth-can-untangle-us-china-strife-thorny-global-issues?utm_source=rss_feed Mon, 28 Sep 2026 20:00:17 +0000 Daisy Wu Daisy Wu The Asian Infrastructure Investment Bank (AIIB) plans to double its annual financing to about US$20 billion by 2030 as the Beijing-headquartered multilateral lender enters its second decade, its president said on Monday. Announcing the target at the opening of the bank’s 11th annual meeting in Doha, Qatar, AIIB President Zou Jiayi said member economies had voiced a “remarkably consistent” need for greater project funding. “They need more infrastructure and more financing to build it,” Zou told... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369088/aiib-plans-double-financing-2030-can-it-bridge-asias-infrastructure-gap?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369088/aiib-plans-double-financing-2030-can-it-bridge-asias-infrastructure-gap?utm_source=rss_feed Mon, 28 Sep 2026 12:09:02 +0000 Zoe SL Chan Zoe SL Chan The Hong Kong government has appointed Bryan Chan Ping-keung, a former executive at bourse operator Hong Kong Exchanges and Clearing (HKEX), as CEO to lead the development and operation of the city’s new central clearing and settlement system for gold. Chan will head Hong Kong Precious Metals Central Clearing (HKPMCC), a wholly government-owned entity established in January to run the clearing system for precious metals. His appointment would take effect on October 2 for a three-year term,... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369079/hong-kong-finds-gold-trading-leader-former-exchange-executive-bryan-chan?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3369079/hong-kong-finds-gold-trading-leader-former-exchange-executive-bryan-chan?utm_source=rss_feed Mon, 28 Sep 2026 10:40:33 +0000