https://www-scmp-com.libproxy1.nus.edu.sg/rss/16607/feed en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Yulu Ao Yulu Ao Global investors are taking another look at Chinese equities after years of cautious positioning, drawn by relatively cheap valuations and opportunities in artificial intelligence, although an end to persistent selling does not indicate an outright bullish turn, according to analysts. Global active long-only funds have raised their average allocation to Chinese equities to benchmark-neutral from underweight since June, according to a recent Bank of America analysis of 2,767 global funds. The... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370035/more-global-investors-eye-chinese-equities-ending-4-year-underweight-run-bank-says?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3370035/more-global-investors-eye-chinese-equities-ending-4-year-underweight-run-bank-says?utm_source=rss_feed Thu, 08 Oct 2026 01:00:17 +0000 Tim Yuen Lingk Tim Yuen Lingk Amid various macro uncertainties, interest in private credit declined sharply to 48 per cent from 71 – among alternative investments – while interest in real estate jumped to 52 from 39 per cent, according to the 2026 Asia Advisor Survey released today by financial technology company iCapital. This marks a sharp decline for private credit, which was the leading area of interest among Asian advisers in 2025. In addition to real estate, advisers are also turning to other real assets, with interest... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/investment-products/article/3370002/asian-investors-turn-housing-real-assets-global-tension-shakes-market-confidence?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/money/investment-products/article/3370002/asian-investors-turn-housing-real-assets-global-tension-shakes-market-confidence?utm_source=rss_feed Wed, 07 Oct 2026 07:00:07 +0000 Enoch Yiu Enoch Yiu Hong Kong’s Mandatory Provident Fund (MPF) recorded a loss in September but still made overall gains of nearly HK$100 billion (US$12.8 billion) over the first nine months of the year, according to data from MPF Ratings released on Wednesday. The 382 investment funds under the MPF schemes delivered a 6.2 per cent average return in the first nine months, despite losing 1.47 per cent in September, the consultancy found. In monetary terms, they earned HK$96.9 billion over the first three quarters... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/investment-products/article/3369945/hong-kongs-mpf-has-gained-nearly-hk100b-year-despite-september-loss-report?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/money/investment-products/article/3369945/hong-kongs-mpf-has-gained-nearly-hk100b-year-despite-september-loss-report?utm_source=rss_feed Wed, 07 Oct 2026 01:00:13 +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 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 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 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 Daniel Ren Daniel Ren Volkswagen Group and its Chinese partner Gotion High-tech have stepped up a gear in tapping global demand for electric vehicle (EV) batteries with plans to invest a combined €3.22 billion (US$3.66 billion) to set up three production lines in Europe and North Africa. The factories, to be jointly owned by the German marque and China’s fourth-largest EV battery maker, would be capable of delivering 37.5 gigawatt hours (GWh) of lithium-ion battery capacity and 100,000 metric tons of cathode... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369104/vw-gotion-ramp-battery-production-europe-morocco-amid-rising-ev-demand?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3369104/vw-gotion-ramp-battery-production-europe-morocco-amid-rising-ev-demand?utm_source=rss_feed Mon, 28 Sep 2026 14:28:42 +0000 Yulu Ao Yulu Ao China Asset Management (Hong Kong), the offshore arm of one of mainland China’s largest asset managers, launched three exchange-traded funds (ETFs) in the city on Thursday, expanding its product line-up as investors seek more diversified strategies amid market volatility and a broader boom in the ETF market. The three products – a Hong Kong high-dividend ETF, a Hong Kong growth ETF and a Hong Kong-US “Halo” ETF – are scheduled to list on the Hong Kong stock exchange on September 30, with trading... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368617/chinaamc-launches-3-hong-kong-etfs-demand-targeted-strategies-grows?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368617/chinaamc-launches-3-hong-kong-etfs-demand-targeted-strategies-grows?utm_source=rss_feed Thu, 24 Sep 2026 07:00:36 +0000 Daniel Ren Daniel Ren Contemporary Amperex Technol­ogy Ltd (CATL) has cleared all regulatory hurdles for its mega factory in Hungary, a development that analysts expect will help the world’s largest producer of electric vehicle (EV) batteries extend its reach to international marques like BMW and Volkswagen. Production of battery cells at the €7.3 billion (US$8.35 billion) plant in Debrecen, the second-largest city in Hungary, began on Tuesday after it fulfilled all preconditions for a trial run, the company said. It... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368463/chinese-ev-battery-giant-catl-starts-trial-production-hungarian-factory?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368463/chinese-ev-battery-giant-catl-starts-trial-production-hungarian-factory?utm_source=rss_feed Wed, 23 Sep 2026 06:00:04 +0000 Themis Qi Themis Qi Ultra-wealthy families in Europe, the Middle East and Africa view China as their most favoured market for future investments, as concerns over tensions between Beijing and Washington ease, according to a survey by Citigroup. The latest edition of the Global Family Office Report, published on Tuesday, analysed the investment plans of 351 family offices – private companies set up to manage the assets of ultra-wealthy families – from more than 40 countries around the world. In the survey, 29 per... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/article/3368416/some-family-offices-eyeing-chinese-investments-us-china-tensions-ease-report?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/money/article/3368416/some-family-offices-eyeing-chinese-investments-us-china-tensions-ease-report?utm_source=rss_feed Tue, 22 Sep 2026 12:31:01 +0000 Daisy Wu Daisy Wu Hong Kong is strengthening its position as Asia’s hub for family business succession and cross-border capital allocation as wealthy families navigate economic uncertainty and a generational transfer of wealth, financial regulators and industrial executives said on Monday. Speaking at the South China Morning Post’s Redefining Hong Kong: Next Generation Wealth Conference, Undersecretary for Financial Services and the Treasury Joseph Chan Ho-lim highlighted what he described as the city’s unique... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3368270/how-hong-kong-positioning-bigger-role-asias-family-wealth-transition?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3368270/how-hong-kong-positioning-bigger-role-asias-family-wealth-transition?utm_source=rss_feed Mon, 21 Sep 2026 11:00:28 +0000 Daisy Wu Daisy Wu Global institutional investors and wealth managers are stockpiling cash at the fastest pace on record while quietly retreating from US and UK equities as persistent inflation and mounting geopolitical risks dominate portfolio decisions, according to a report by Marsh Investments. The institutional investment consultancy polled 430 asset owners managing a combined US$5.76 trillion and found that 37.8 per cent planned to increase cash allocations over the next 12 months, up from just 9 per cent in... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3368195/geopolitical-risks-see-institutional-investors-rush-stockpile-cash-survey-finds?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3368195/geopolitical-risks-see-institutional-investors-rush-stockpile-cash-survey-finds?utm_source=rss_feed Mon, 21 Sep 2026 05:00:10 +0000 Daniel Ren Daniel Ren Property brokers in China’s major cities are expecting busier days as would-be homebuyers take a cue from a recent policy shift by Beijing aimed at reviving the slumbering real estate market. Some say they are being swamped by inquiries and are trying to seal as many deals as possible amid a recovery in confidence, while others are keeping their fingers crossed for more government stimulus to sustain the growing momentum. “Government support always holds the key to the performance of the home... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368009/will-fresh-incentives-give-chinas-housing-market-more-short-lived-rebound?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3368009/will-fresh-incentives-give-chinas-housing-market-more-short-lived-rebound?utm_source=rss_feed Sun, 20 Sep 2026 03:00:09 +0000 Daisy Wu Daisy Wu Months after Beijing unveiled a bevy of new tax rules for offshore trusts, the fallout has now reached New York City – home to one of the largest concentrations of mainland Chinese wealth outside Asia – after the changes swept across Hong Kong and Singapore. Under the rules, which took effect on July 24, mainland tax residents who transfer property or shares into an offshore trust – or receive distributions from one – face a 20 per cent tax on realised gains, plus an annual tax on income the... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/wealth/article/3367437/nycs-wealthy-chinese-grapple-beijings-tax-rules-enforcement-deadline-nears?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/money/wealth/article/3367437/nycs-wealthy-chinese-grapple-beijings-tax-rules-enforcement-deadline-nears?utm_source=rss_feed Mon, 14 Sep 2026 22:00:07 +0000 Zhu Wenqian,Frank Tang Zhu Wenqian,Frank Tang Over the past three decades, investor Fang Fenglei has had a major role in shaping China’s capital markets. He worked with Morgan Stanley in the early 1990s to help create the country’s first joint venture investment bank – China International Capital Corp. Then, at the start of the millennium, he spearheaded the listing of state-owned giants in Hong Kong as CEO of Bank of China International, later chairing a China joint venture with Goldman Sachs. Now the chairman of Hopu Investments, Fang... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3367212/veteran-investor-fang-fenglei-why-china-investibility-debate-no-debate-all?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3367212/veteran-investor-fang-fenglei-why-china-investibility-debate-no-debate-all?utm_source=rss_feed Sun, 13 Sep 2026 22:00:12 +0000 Peggy Ye Peggy Ye When Maria’s family moved out of their house in Hong Kong’s Southern district, one of the bigger jobs was packing her mother’s belongings, including the orange Hermes boxes that had accumulated in the family gym. Her 86-year-old father was reluctant to rent, while her mother – who had spent her life buying homes – initially insisted that if they were going to rent, she wanted a house rather than a flat. “I have never rented a home in my entire life,” she said. They eventually settled at The... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367061/next-gen-wealthy-hongkongers-drop-property-higher-returns-deposits-and-hedge-funds?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3367061/next-gen-wealthy-hongkongers-drop-property-higher-returns-deposits-and-hedge-funds?utm_source=rss_feed Sun, 13 Sep 2026 02:00:07 +0000 Daniel Ren,Themis Qi Daniel Ren,Themis Qi Beijing has put a freeze on new approvals of production facilities for energy-storage batteries amid worries about excess supply and vicious price competition, according to industry officials. Companies had not been allowed to add new capacity since May, as key regulators like the Ministry of Industry and Information Technology (MIIT) stepped in to curb a construction spree that risked creating severe overcapacity despite rising demand from renewable-energy projects around the world, the sources... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3367241/beijing-freezes-plant-approvals-energy-storage-batteries-amid-overcapacity-fears?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3367241/beijing-freezes-plant-approvals-energy-storage-batteries-amid-overcapacity-fears?utm_source=rss_feed Fri, 11 Sep 2026 11:43:05 +0000 Yulu Ao Yulu Ao Young Chinese investors may be just as willing to take risks as their global peers, but their portfolios remain more conservative against a backdrop of years of relative underperformance in China’s stock market, a prolonged property downturn and deflation, according to a senior researcher at the CFA Institute Research and Policy Centre. The disconnect between their willingness to take risks and their actual investment choices illustrated what the institute called an “aspiration-implementation... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3367220/chinas-young-investors-embrace-risk-so-why-are-their-portfolios-so-safe?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3367220/chinas-young-investors-embrace-risk-so-why-are-their-portfolios-so-safe?utm_source=rss_feed Fri, 11 Sep 2026 10:05:57 +0000 Themis Qi Themis Qi Hong Kong banks expect the contribution of mainland Chinese investors to the city’s wealth management business to continue to grow through 2030, presenting opportunities despite Beijing’s tightened cross-border tax rules. Mainland China’s share of local assets under management was projected to reach 68 per cent from 59 per cent within five years, according to a report released by the Hong Kong Association of Banks (HKAB) and Deloitte China on Friday. The report surveyed 147 member banks in the... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3367190/mainland-chinese-investors-drive-hong-kong-wealth-boom-despite-new-tax-rules-report?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3367190/mainland-chinese-investors-drive-hong-kong-wealth-boom-despite-new-tax-rules-report?utm_source=rss_feed Fri, 11 Sep 2026 09:00:16 +0000 Yulu Ao Yulu Ao China’s buoyant stock market lifted brokers’ earnings in the first half, while Hong Kong saw continued growth in retirement assets. Beyond China, a strengthening yen and Washington’s Treasury buy-back programme highlighted shifting dynamics in global currency and bond markets. Here are some of the figures that have drawn the most market attention this week. Chinese brokerage revenue jumps more than 50 per cent Chinese brokerages saw revenue from their core business rise by more than 50 per cent... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3367158/us-treasury-yield-hits-19-year-high-japanese-yen-strengthens-numbers-moving-markets?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3367158/us-treasury-yield-hits-19-year-high-japanese-yen-strengthens-numbers-moving-markets?utm_source=rss_feed Fri, 11 Sep 2026 07:00:05 +0000 Daniel Ren Daniel Ren Foreign carmakers have been slashing the prices of petrol-powered cars they make in China by more than 20 per cent to survive in a cutthroat market amid weakening consumer demand. Last month, big international marques including Volkswagen and Toyota offered average discounts of 23.4 per cent on cars powered by internal combustion engines, according to data from the China Passenger Car Association (CPCA). That compared with an average discount of 23.7 per cent in July. “Because their new cars... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3367123/foreign-carmakers-offer-steep-discounts-petrol-powered-cars-cutthroat-chinese-market?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3367123/foreign-carmakers-offer-steep-discounts-petrol-powered-cars-cutthroat-chinese-market?utm_source=rss_feed Fri, 11 Sep 2026 01:45:49 +0000 Daisy Wu Daisy Wu The widening yield spread between Chinese and American government bonds is unlikely to trigger catastrophic capital flight from China, according to investment executives at Marsh Investment, who attribute the record spread to the United States’ fiscal pressures and global macro trends rather than a structural retreat for Chinese assets. The spread between benchmark 10-year US Treasury bonds and equivalent Chinese sovereign bonds hit a record 3.17 percentage points this week. Yields on US... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3367096/record-china-us-gap-bond-yields-unlikely-trigger-capital-flight-marsh-investment?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3367096/record-china-us-gap-bond-yields-unlikely-trigger-capital-flight-marsh-investment?utm_source=rss_feed Thu, 10 Sep 2026 13:55:32 +0000 Themis Qi Themis Qi UBS plans to shut down its fund-distribution business on one of its mainland China wealth-management platforms, as it faces intense competition. As part of a “business integration plan”, UBS Fund Distribution (Shenzhen), known as UBSFS, would cease its fund sales business, including fund subscription and fund switching, at the end of September, the Swiss bank said in a statement to the South China Morning Post. UBS added that it remained “committed to China” and would “continue to invest... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3367034/ubs-pulls-plug-fund-sales-wealth-platform-china-amid-stiff-competition?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3367034/ubs-pulls-plug-fund-sales-wealth-platform-china-amid-stiff-competition?utm_source=rss_feed Thu, 10 Sep 2026 08:12:08 +0000 Enoch Yiu Enoch Yiu Several Hong Kong insurance companies, including Prudential, Manulife and BOC Life, are racing into cross-sector alliances from artificial intelligence underwriting to healthcare tie-ups to strengthen capabilities and efficiency amid China’s tightened cross-border tax rules. Prudential announced a partnership with Alibaba Cloud to launch an AI underwriter, designed to help financial consultants make preliminary decisions based on a client’s financial situation, medical record, occupation and... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3366902/insurers-prudential-manulife-seal-tech-alliances-amid-beijings-tightened-tax-rules?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3366902/insurers-prudential-manulife-seal-tech-alliances-amid-beijings-tightened-tax-rules?utm_source=rss_feed Wed, 09 Sep 2026 08:30:06 +0000 Yulu Ao Yulu Ao Hong Kong’s first university-led wealth management academy was launched on Tuesday, as the city’s rapidly expanding private-wealth industry competes for professionals capable of serving increasingly sophisticated and international clients. The Wealth Management Academy, established by The University of Hong Kong Business School, aims to bring together policymakers, financial institutions and academics to train professionals for the wealth management, asset management and family-office... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3366810/hku-launches-wealth-management-academy-boost-citys-role-hub-new-money?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3366810/hku-launches-wealth-management-academy-boost-citys-role-hub-new-money?utm_source=rss_feed Tue, 08 Sep 2026 12:02:59 +0000 Daniel Ren Daniel Ren The Hong Kong stock exchange’s initial public offering (IPO) pipeline remains strong, as the city benefits from its unique role as a connector between mainland Chinese tech start-ups and global investors, according to the bourse operator’s CEO. Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing (HKEX), said mainland Chinese companies’ interest in listing shares on the bourse was growing as a wave of firms looked to go global. “More and more mainland firms are choosing Hong Kong as an... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3366780/hong-kong-gaining-lustre-bridge-chinas-tech-sector-hkex-ceo?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3366780/hong-kong-gaining-lustre-bridge-chinas-tech-sector-hkex-ceo?utm_source=rss_feed Tue, 08 Sep 2026 09:20:15 +0000 Daniel Ren Daniel Ren Tesla China has launched discounts on its Shanghai-made cars for the first time since the end of 2024, responding to falling deliveries in the world’s largest market for electric vehicles (EVs). Prices of Model 3 vehicles in inventory would be reduced by 5,000 yuan (US$745) each, while buyers of the Model Y could enjoy a discount of 10,000 yuan per unit, the US carmaker announced on Monday. The promotions would run until the end of September, Tesla China said in a statement. “Tesla has been... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3366648/tesla-offers-rare-china-inventory-discounts-fight-sliding-shanghai-production-sales?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3366648/tesla-offers-rare-china-inventory-discounts-fight-sliding-shanghai-production-sales?utm_source=rss_feed Mon, 07 Sep 2026 10:21:28 +0000 Cheryl Arcibal Cheryl Arcibal Comments by US Federal Reserve chairman Kevin Warsh at its annual economic policy symposium in Jackson Hole last month have reinforced expectations of an impending interest rate rise in the world’s largest economy, which would have significant impacts on assets and investors around the world. While the Fed kept its target rate in the range of 3.5 to 3.75 per cent at its meeting in July, Warsh’s comments last month about it having work to do in controlling inflation have heightened expectations... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366386/which-overseas-property-markets-will-be-winners-and-losers-if-fed-raises-us-rates?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366386/which-overseas-property-markets-will-be-winners-and-losers-if-fed-raises-us-rates?utm_source=rss_feed Sun, 06 Sep 2026 08:00:08 +0000 Zhu Wenqian Zhu Wenqian The revelation that Rich Dad, Poor Dad author Robert Kiyosaki has amassed a staggering debt pile has sparked heated discussion in China, where property investors have suffered painful losses in recent years amid a deep market downturn. The 79-year-old Japanese-American author, who inspired generations of investors to take on leverage to scale up their investments, claimed in a series of podcast interviews over the summer that he owed US$1.2 billion. His ex-wife and long-term business partner Kim... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366384/rich-dad-poor-dad-authors-vast-debts-spark-awe-and-some-bitterness-china?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3366384/rich-dad-poor-dad-authors-vast-debts-spark-awe-and-some-bitterness-china?utm_source=rss_feed Sat, 05 Sep 2026 08:00:07 +0000 Enoch Yiu Enoch Yiu The latest round of the Hong Kong government’s Silver Bonds programme has attracted a record number of subscriptions in terms of both quantity and value, as the city’s elderly investors seize the opportunity to secure better returns than those offered by bank deposits. Investors submitted 478,000 bids for HK$119.8 billion (US$15.28 billion) worth of bonds during the offering period, which ended at 2pm on Friday, according to a government spokesman. That represented a 22 per cent rise in terms of... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3366431/hong-kongs-silver-bonds-draw-record-480000-bids-higher-interest-rate?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3366431/hong-kongs-silver-bonds-draw-record-480000-bids-higher-interest-rate?utm_source=rss_feed Fri, 04 Sep 2026 12:26:50 +0000 Daniel Ren Daniel Ren Chery Automobile, China’s largest car exporter by deliveries, will begin testing its solid-state batteries next year, aiming to spearhead commercialisation of a technology likely to further spur the electrification of the global automotive industry. Yin Tongyue, the chairman of the state-owned carmaker, which is based in central China’s Anhui province, said on Thursday that it would invest 10 billion yuan (US$1.49 billion) in the new battery technology over the next two years, with 1,200... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3366292/boost-evs-chinese-carmaker-chery-begin-testing-solid-state-batteries-next-year?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3366292/boost-evs-chinese-carmaker-chery-begin-testing-solid-state-batteries-next-year?utm_source=rss_feed Fri, 04 Sep 2026 02:30:09 +0000 Daniel Ren Daniel Ren Top performers BYD and Leapmotor clawed their way up higher in terms of sales last month, even as China’s electric vehicle (EV) market was shrinking amid weaker consumer demand. However, smaller players were expected to face falling sales and mounting losses for the rest of the year as competition got fiercer, according to analysts. BYD, the world’s largest EV builder, saw its sales in August surge to the highest in nine months, climbing 17.8 per cent from a year ago to 440,293 units, it said in... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3366048/byd-leapmotor-buck-ev-market-slowdown-pressure-piles-small-rivals?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3366048/byd-leapmotor-buck-ev-market-slowdown-pressure-piles-small-rivals?utm_source=rss_feed Wed, 02 Sep 2026 09:16:29 +0000 Daniel Ren Daniel Ren Beijing has ordered Chinese carmakers and component suppliers to refrain from offering steep discounts in overseas markets as they accelerate their global expansion. For the first time, three ministry-level authorities published guidelines governing Chinese carmakers abroad, aimed at improving their global competitiveness, according to a statement by the Ministry of Commerce. “The guidelines aim to promote long-term, healthy development of the Chinese automotive industry in international... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3365999/china-tells-carmakers-suppliers-avoid-price-wars-abroad-pave-way-healthy-growth?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3365999/china-tells-carmakers-suppliers-avoid-price-wars-abroad-pave-way-healthy-growth?utm_source=rss_feed Tue, 01 Sep 2026 11:00:10 +0000 Daisy Wu Daisy Wu Foreign investors are expected to keep adding to their China A-share holdings, though the pace of buying is likely to slow from the surge in the first half of the year, according to a UBS analyst. “We still expect net inflows in the second half, but the pace will be somewhat slower than in the first half,” said Meng Lei, China equity strategist at UBS Securities, at UBS’s annual China A-share strategy conference in Shenzhen on Tuesday. Foreign appetite for A shares – domestic shares of mainland... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3365949/foreign-investors-expected-eye-more-china-shares-pace-set-ease-analyst?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3365949/foreign-investors-expected-eye-more-china-shares-pace-set-ease-analyst?utm_source=rss_feed Tue, 01 Sep 2026 07:30:07 +0000 Julie Zhang Julie Zhang Private investors in Asia, including family offices operating in Hong Kong, are showing a growing appetite for advanced medical technologies such as brain-computer interfaces and surgical robotics, as healthcare deal activity picks up across the region amid China’s biotechnology boom. “Asia is ageing, so there’s a structural, long-term demand for better surgery and medicine,” said William Chow, deputy group CEO of Raffles Family Office, headquartered in Hong Kong and Singapore. “A lot of the... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3365928/asian-healthcare-deals-heat-investors-bet-big-brain-tech-and-surgical-robotics?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3365928/asian-healthcare-deals-heat-investors-bet-big-brain-tech-and-surgical-robotics?utm_source=rss_feed Tue, 01 Sep 2026 05:00:17 +0000 Zhu Wenqian Zhu Wenqian Hong Kong maintained its lead as the Asian city with the most billionaires last year, though mainland Chinese cities were quickly catching up thanks to wealth accumulation from the artificial intelligence boom, according to New York-based Altrata. Globally, Hong Kong ranked second in number of billionaires behind New York, while Beijing and Shenzhen secured spots among the top 15 cities, according to the data company. While Hong Kong’s aggregate billionaire net worth continued to climb, the... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/article/3365797/ai-fuelled-boom-lifts-global-billionaire-count-hong-kong-retains-top-spot-asia?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/money/article/3365797/ai-fuelled-boom-lifts-global-billionaire-count-hong-kong-retains-top-spot-asia?utm_source=rss_feed Mon, 31 Aug 2026 05:00:10 +0000 Daniel Ren Daniel Ren China’s shrinking car market has received another reality check as regulators step in to police the hi-tech offerings that carmakers use to drive sales. A nationwide inspection campaign assessing the quality of Chinese-made cars that was announced this week would see some consumers shelve purchase plans, exacerbating a bearish outlook for the country’s auto sector, dealers and analysts said. Vice-Minister of Industry and Information Technology Xin Guobin told a news conference in Beijing on... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3365597/reality-check-chinas-carmakers-authorities-tell-them-focus-quality-not-tech?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3365597/reality-check-chinas-carmakers-authorities-tell-them-focus-quality-not-tech?utm_source=rss_feed Sat, 29 Aug 2026 09:00:11 +0000 Daniel Ren Daniel Ren China’s electric vehicle (EV) giant BYD saw its earnings jump 30 per cent in the three months from April to June, ending a five-quarter losing streak as buoyant overseas sales and premium models enhanced its net margin and profitability. The Shenzhen-based carmaker, also the world’s largest EV builder, posted a net income of 8.2 billion yuan (US$1.2 billion) in the second quarter, up 30 per cent year on year. The quarterly performance beat a consensus estimate of 8 billion yuan in a Bloomberg... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3365652/byd-posts-us12-billion-profit-second-quarter-surging-global-demand?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3365652/byd-posts-us12-billion-profit-second-quarter-surging-global-demand?utm_source=rss_feed Fri, 28 Aug 2026 14:11:21 +0000 Themis Qi Themis Qi Hong Kong retirees are facing living cost growth nearly three times the city’s average over the past five years, mainly driven by the strong demand for northbound travel, according to a new report. The findings came from the first edition of the Hong Kong-Macau Retirement Expense Index, a gauge reflecting retiree inflation, conducted jointly by the Institute of Financial Planners of Hong Kong (IFPHK) and YF Life Trustees. The index rose to 131.6 in 2026, up from 127 in 2023 and 100 in 2020,... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/article/3365477/hong-kong-retiree-inflation-growth-triple-city-average-more-northbound-travel-index?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/money/article/3365477/hong-kong-retiree-inflation-growth-triple-city-average-more-northbound-travel-index?utm_source=rss_feed Thu, 27 Aug 2026 10:57:44 +0000 Themis Qi Themis Qi The assets managed by China’s private funds grew last month as those of its mutual funds shrank, with investors diversifying their portfolios amid a sell-off of semiconductor shares. The net assets under management (AUM) of domestic mutual funds shrank by 560 billion yuan (US$83.3 billion), or 1.4 per cent month on month, in July to 39.11 trillion yuan, according to data released by the Asset Management Association of China on Wednesday. The decrease ended a four-month run of mutual fund growth,... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3365398/chip-sell-helps-boost-chinas-private-funds-us833b-pulled-out-mutual-funds?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3365398/chip-sell-helps-boost-chinas-private-funds-us833b-pulled-out-mutual-funds?utm_source=rss_feed Thu, 27 Aug 2026 04:00:33 +0000 Enoch Yiu,Christina Zhao Enoch Yiu,Christina Zhao British insurer Prudential announced a US$300 million share buy-back, to be completed by December, as it reported an 8 per cent increase in new business profit for the first half of the year. The buy-back and slower profit growth came amid market concerns over a potential pullback in mainland Chinese visitors to Hong Kong that could test the performance of insurers in one of their largest markets. New business profit – a key metric tracking the future profitability of newly written life... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3365379/prudential-sees-new-business-profit-growth-slow-announces-us300m-share-buy-back?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3365379/prudential-sees-new-business-profit-growth-slow-announces-us300m-share-buy-back?utm_source=rss_feed Thu, 27 Aug 2026 00:21:27 +0000 Christina Zhao Christina Zhao Family offices in the Asia-Pacific region are putting more funding into sustainability projects and adopting a “systems-level” approach to make a greater impact, a trend that is set to boost Hong Kong’s role as a hub for impact investing, according to a survey released on Tuesday. The proportion of family offices allocating more than half of their portfolios to impact and environmental, social and governance (ESG) strategies climbed to 27 per cent this year, a significant jump from 17 per cent... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3365203/asias-super-rich-are-going-all-sustainability-impact-investing-grows-survey?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3365203/asias-super-rich-are-going-all-sustainability-impact-investing-grows-survey?utm_source=rss_feed Tue, 25 Aug 2026 09:59:30 +0000 Daniel Ren Daniel Ren Beijing could soon hold carmakers legally responsible for traffic violations when autonomous driving systems are in use, marking an important step towards clearing regulatory hurdles to wider commercialisation. The National People’s Congress Standing Committee, China’s top legislative body, is set to review an amended Road Traffic Safety Law on Tuesday. For the first time, the document was set to include a dedicated chapter on governing autonomous vehicles and advanced driving systems, according... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3365164/chinas-new-traffic-safety-law-set-clarify-liability-fully-automated-cars?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3365164/chinas-new-traffic-safety-law-set-clarify-liability-fully-automated-cars?utm_source=rss_feed Tue, 25 Aug 2026 06:03:45 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) maker Xpeng has secured US$900 million in funding from high-profile investors including Alibaba Group Holding and IDG Capital to spur its robotics unit, despite a widening second-quarter loss. Dogotix, a subsidiary of Xpeng, raised US$900 million in the latest round of financing, which valued it at US$6.3 billion, Xpeng said in a statement on Monday, adding that the fundraising marked the biggest single private-equity deal involving a Chinese robotics maker. The... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3365096/ev-maker-xpeng-set-challenge-tesla-embodied-ai-after-robotics-unit-raises-us900m?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3365096/ev-maker-xpeng-set-challenge-tesla-embodied-ai-after-robotics-unit-raises-us900m?utm_source=rss_feed Mon, 24 Aug 2026 13:29:25 +0000 Yulu Ao Yulu Ao Hang Seng Bank says it continues to invest in its wealth centre network to capture growing demand from high-net-worth clients, even as Hong Kong’s wealth management industry faces uncertainty amid Beijing’s tighter scrutiny of mainland Chinese investors’ cross-border investments. The Hong Kong lender recently opened a new wealth management centre at Hysan Place in Causeway Bay, its second such facility after launching its first at Harbour City in Tsim Sha Tsui earlier this year. The 6,300 sq ft... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/wealth/article/3365071/hang-seng-bank-doubles-down-wealth-hubs-despite-beijings-tighter-investment-scrutiny?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/money/wealth/article/3365071/hang-seng-bank-doubles-down-wealth-hubs-despite-beijings-tighter-investment-scrutiny?utm_source=rss_feed Mon, 24 Aug 2026 10:00:29 +0000 Themis Qi Themis Qi Wealthy investors should be ready for higher volatility “for years” as uncertainties around artificial intelligence development and geopolitical risks are set to persist, according to a major private bank. In the past few years, asset prices underwent several roller coaster rides, from US Liberation Day last year to the sell-off of semiconductor shares and US Treasury in recent months. But volatility came after changes to the market’s structure “over the decades” and was expected to be “here to... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/markets-investing/article/3365002/investment-market-volatility-here-stay-unless-global-recession-strikes-analyst?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/money/markets-investing/article/3365002/investment-market-volatility-here-stay-unless-global-recession-strikes-analyst?utm_source=rss_feed Mon, 24 Aug 2026 03:00:09 +0000 Enoch Yiu Enoch Yiu Hong Kong and mainland China are set to see continued growth in bond issuance denominated in Hong Kong dollars or the yuan through the rest of the year, as issuers reduce their reliance on US dollar-denominated bonds and seek cheaper funding costs, according to a senior executive at Standard Chartered Bank. “As US dollar funding costs have increased, many bond issuers” have been turning to bonds denominated in other currencies to secure lower borrowing costs, said David Yim Sau-king, head of... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3364976/yuan-hong-kong-dollar-bonds-surge-issuers-seek-cheaper-funding-amid-rising-us-costs?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3364976/yuan-hong-kong-dollar-bonds-surge-issuers-seek-cheaper-funding-amid-rising-us-costs?utm_source=rss_feed Mon, 24 Aug 2026 00:00:21 +0000