https://www-scmp-com.libproxy1.nus.edu.sg/rss/61030/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Peggy Ye Peggy Ye Hong Kong’s cash-for-residency scheme has attracted about HK$95 billion (US$12 billion) from more than 1,700 investors over the past two years, with around two-thirds of the approved capital channelled into authorised funds and equities, the latest figures from InvestHK show. The government’s investment promotion arm on Monday released the figures for the New Capital Investment Entrant Scheme (New CIES), designed to encourage high-net-worth individuals to invest in Hong Kong, bringing both... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3345102/hong-kongs-new-cash-residency-scheme-draws-us12-billion-first-2-years?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3345102/hong-kongs-new-cash-residency-scheme-draws-us12-billion-first-2-years?utm_source=rss_feed Mon, 02 Mar 2026 06:44:45 +0000 Yulu Ao Yulu Ao Major US fund managers stayed cautious on China in the third quarter, with Oaktree Capital Management rebalancing its exposure to both equities and convertible bonds tied to Chinese firms, while Appaloosa – founded by billionaire investor David Tepper – made selective adjustments. Oaktree Capital, founded by notable investor Howard Marks, sold all of its 1.5 million shares valued at US$26.8 million in KE Holdings, a Chinese online property platform, in the third quarter, according to its latest... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3332820/us-funds-tread-carefully-china-oaktree-and-appaloosa-recalibrate-positions?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3332820/us-funds-tread-carefully-china-oaktree-and-appaloosa-recalibrate-positions?utm_source=rss_feed Fri, 14 Nov 2025 23:30:09 +0000 Frank Tang Frank Tang China’s flagship sovereign wealth fund has moved three of its managing directors to new, subordinate roles, sources told the Post, with the heads of the fund’s fixed income, private equity and public relations departments all taking new non-managerial positions. All have extensive overseas work experience, and none have reached the statutory retirement age. More reorganising could be on the horizon at China Investment Corporation (CIC), the sources said on condition of anonymity, including those... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3332834/chinas-sovereign-fund-sidelines-executives-amid-worries-over-us-scrutiny?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3332834/chinas-sovereign-fund-sidelines-executives-amid-worries-over-us-scrutiny?utm_source=rss_feed Fri, 14 Nov 2025 14:00:15 +0000 Bloomberg Bloomberg Singapore’s Temasek Holdings is mulling one of its biggest overhauls in years, potentially reorganising the firm into three investment vehicles in a bid to boost returns and efficiencies, according to people familiar with the matter. Under the proposal still being discussed at senior levels, Singapore’s state-owned investor could divide its business into three arms. One would focus on Temasek’s biggest domestic holdings, such as Singapore Airlines, and another would oversee largely foreign... https://www-scmp-com.libproxy1.nus.edu.sg/news/asia/southeast-asia/article/3322544/singapores-temasek-mulls-major-overhaul-boost-returns?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/asia/southeast-asia/article/3322544/singapores-temasek-mulls-major-overhaul-boost-returns?utm_source=rss_feed Wed, 20 Aug 2025 11:31:08 +0000 Bloomberg Bloomberg Investment firm Andon Hong Kong is opening an office in New York to deepen its push into alternatives. Soros Fund Management alumnus Chuck Sun will lead hedge-fund manager selection from the new location. It’s an area that Sun specialised in at billionaire George Soros’ family office. The firm manages money on behalf of Shenzhen-listed Andon Health, a Chinese maker of medical devices like blood pressure monitors and Covid test kits. “We plan to add more hedge fund allocation and build broader... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/article/3315667/asian-family-offices-expand-us-footprint-andon-hong-kong-opens-new-york-office?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/money/article/3315667/asian-family-offices-expand-us-footprint-andon-hong-kong-opens-new-york-office?utm_source=rss_feed Tue, 24 Jun 2025 10:11:46 +0000 Singapore’s state investment fund, Temasek, has added another company to its growing India portfolio by acquiring a stake in Haldiram Snacks Food, a leading player in the South Asian nation’s food industry. The deal follows investments by Temasek in Indian companies in sectors ranging from healthcare to financial services, in line with its bullish outlook on India’s long-term growth. While the financial terms of the agreement with Haldiram’s have not been publicly disclosed, sources told Reuters... https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3304990/singapores-temasek-invests-snack-firm-haldirams-india-remains-key-focus?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/week-asia/economics/article/3304990/singapores-temasek-invests-snack-firm-haldirams-india-remains-key-focus?utm_source=rss_feed Thu, 03 Apr 2025 04:00:08 +0000 A subsidiary of Sun Hung Kai & Co (SHK&Co) has teamed up with GAM Investments to manage and distribute GAM’s funds in Greater China, amid rising demand for diversity in financial services. Sun Hung Kai Capital Partners, a unit of the financial services company founded by the tycoon Fung King-hey, has announced a strategic partnership with GAM. “This strategic alliance combines our complementary strengths and resources, significantly improving our client service and investment solution... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3270983/sun-hung-kai-capital-partners-teams-julius-baers-unit-alternative-investments?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3270983/sun-hung-kai-capital-partners-teams-julius-baers-unit-alternative-investments?utm_source=rss_feed Thu, 18 Jul 2024 11:45:07 +0000 Zhang Shidong Zhang Shidong Investors’ heightened pessimism about China’s growth prospects and corporate earnings is misplaced, according to the nation’s biggest mutual fund manager, who pointed to the potential upside from the government’s target of more than doubling the per capita gross domestic product (GDP) over the next decade. Investors are frantically questioning whether China’s growth would stall as is reflected by depressed stock valuations and record-low yields on longer-dated government bonds, Zhang Kun, the... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3270909/chinas-biggest-money-manager-says-fears-about-growth-corporate-earnings-excessive?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3270909/chinas-biggest-money-manager-says-fears-about-growth-corporate-earnings-excessive?utm_source=rss_feed Thu, 18 Jul 2024 06:24:40 +0000 Hong Kong’s revised cash-for-residency scheme has received 251 applications and 43 of them have been given in-principle approval, the city’s financial services and treasury chief has revealed. More than 75 per of the applicants were from Guinea-Bissau in West Africa and Vanuatu in the southwestern Pacific. There were 100 applications from Guinea-Bissau and 92 from Vanuatu. Christopher Hui Ching-yu told legislators more than HK$7.5 billion (US$960 million) would be injected into the Hong Kong... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3266360/hong-kongs-new-cash-residency-scheme-gets-251-applications-end-may-legco-hears?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3266360/hong-kongs-new-cash-residency-scheme-gets-251-applications-end-may-legco-hears?utm_source=rss_feed Wed, 12 Jun 2024 12:38:38 +0000 Private equity firm CVC Capital Partners said it has closed its sixth and largest Asia fund to date, shrugging off a challenging geopolitical and macroeconomic environment that has put a dent in fundraising and led many global fund managers to cut their exposure to the region. The CVC Capital Partners Asia VI (“Asia VI”) fund, with US$6.8 billion in commitments, exceeded the size of its predecessor, Asia V, by over 50 per cent. Asia V closed in 2020 at US$4.5 billion, according to the fund... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3252881/bathing-apes-main-shareholder-cvc-capital-closes-its-6th-and-largest-asia-fund-shrugging-global?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3252881/bathing-apes-main-shareholder-cvc-capital-closes-its-6th-and-largest-asia-fund-shrugging-global?utm_source=rss_feed Thu, 22 Feb 2024 12:45:26 +0000 Global and domestic private-equity investors are making a comeback to the Chinese mergers and acquisitions (M&A) market following three straight years of decline, as they look to profit from an economic recovery, global consultancy Bain & Co said. Private-equity investors will focus on improving profitability and bolstering revenue from their portfolio firms, rather than potential frothy valuations, when they are making investment decisions, said Zhou Hao, head of the firm’s Greater China... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3248937/private-equity-investors-return-china-search-ma-deals-2024-bain-co-says?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3248937/private-equity-investors-return-china-search-ma-deals-2024-bain-co-says?utm_source=rss_feed Thu, 18 Jan 2024 10:35:18 +0000 Software engineer Jacky Jia has been paying more attention than usual to his stocks portfolio since China launched a torrent of measures aimed at boosting the beleaguered market in recent weeks. Regulators have slashed the stamp duty on transactions, restricted divestments by major shareholders and taken tighter control of approving new share offerings in a string of actions that have taken the immediate sting out of the sell-offs that have roiled the onshore market. Having banked a reasonable... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3234686/chinas-desperate-stock-traders-keen-policy-bazooka-rouse-us10-trillion-bear-market-slumber?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3234686/chinas-desperate-stock-traders-keen-policy-bazooka-rouse-us10-trillion-bear-market-slumber?utm_source=rss_feed Sat, 16 Sep 2023 02:00:24 +0000 Harry Markowitz, one of the first researchers to put rigour into investment decision-making, died on June 22 at age 95. Rightly regarded as the father of modern financial analysis, his life neatly spanned the entire lifetime of financial research. By coincidence, in Markowitz’s birth year of 1927, a frustrated Alfred Cowles commissioned an investigation into the inaccuracy of stock recommendations to his wealthy family. Cowles’ paper, published in 1933, was titled “Can Stock Market Forecasters... https://www-scmp-com.libproxy1.nus.edu.sg/comment/opinion/article/3226481/figuring-out-todays-messy-stock-markets-takes-dose-markowitzs-modern-portfolio-theory?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/comment/opinion/article/3226481/figuring-out-todays-messy-stock-markets-takes-dose-markowitzs-modern-portfolio-theory?utm_source=rss_feed Thu, 06 Jul 2023 14:00:15 +0000 China’s biggest fund manager ramped up his buying of technology stocks from Meituan to Taiwan Semiconductor Manufacturing Corp (TSMC) in the first quarter, betting that the worst of a protracted regulatory crackdown on the sector is over and that an artificial intelligence (AI) boom will bolster demand for processing chips. Zhang Kun, who oversees US$13 billion in assets for Guangzhou-based E Fund Management, bought 3 million shares in Meituan, China’s biggest on-demand delivery service... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3217837/chinas-biggest-fund-manager-increases-tech-stakes-meituan-tsmc-betting-regulatory-easing-ai-boom?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3217837/chinas-biggest-fund-manager-increases-tech-stakes-meituan-tsmc-betting-regulatory-easing-ai-boom?utm_source=rss_feed Fri, 21 Apr 2023 06:00:14 +0000 Investors and fund managers want to see an increase in the individual investment quota, a wider choice of products and more financial firms joining the Wealth Management Connect scheme, according to industry players. The first cross-border scheme tailor-made for the 11 cities of the Greater Bay Area is marking its first anniversary on October 19. It allows 24 Hong Kong banks, including HSBC, Standard Chartered and Bank of China (Hong Kong), to sell investment fund products to the residents of... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3195029/wealth-management-connect-higher-investment-quota-greater?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3195029/wealth-management-connect-higher-investment-quota-greater?utm_source=rss_feed Mon, 10 Oct 2022 01:30:06 +0000 For over 10 years, equities have been in vogue. The rise in stock markets since the global financial crisis has ensured that “buying the dip” has been a successful investment strategy, which, by a process of Darwinian selection, has fuelled the rise of many senior investors. However, what has underpinned this one-way bet? As equity dividend yields dwarfed waning fixed income coupons, suppressed by ever lower interest rates, the multiples applied to equities skyrocketed. It seemed irrelevant that... https://www-scmp-com.libproxy1.nus.edu.sg/comment/opinion/article/3194076/stocks-plunge-and-bonds-crater-where-should-investors-turn?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/comment/opinion/article/3194076/stocks-plunge-and-bonds-crater-where-should-investors-turn?utm_source=rss_feed Thu, 29 Sep 2022 19:30:11 +0000 China’s top private equity firm Hillhouse Capital, a major investor behind Big Tech firms like Tencent Holdings and Meituan, denied rumours of large-scale lay-offs on Wednesday amid a slowing economy and tougher fundraising climate for domestic start-ups and venture capital (VC) firms. Screenshots circulating on Chinese social media platforms on Wednesday claimed that Hillhouse had laid off staff across several teams, which the investor promptly denied in a one-line statement, calling it untrue... https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3180211/top-chinese-venture-capital-firm-hillhouse-beats-back-lay-rumours?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/big-tech/article/3180211/top-chinese-venture-capital-firm-hillhouse-beats-back-lay-rumours?utm_source=rss_feed Thu, 02 Jun 2022 23:00:18 +0000 Sarah Resnick Sarah Resnick I can’t explain exactly how I ended up on crypto Twitter (or CT, as it is known in the cryptosphere) and in the cryptocurrency-focused Telegram and Discord groups I started lurking in late last summer. There was a bull run (when stock prices are on the rise) going on at the time – market confidence was high, investors were buying and prices were going up – and whenever cryptocurrency values skyrocket, the press spew headlines about improbable fortunes. “This mum quit her job to focus on crypto... https://www-scmp-com.libproxy1.nus.edu.sg/magazines/post-magazine/long-reads/article/3175053/deep-dive-mysterious-subcultures-cryptocurrency?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/magazines/post-magazine/long-reads/article/3175053/deep-dive-mysterious-subcultures-cryptocurrency?utm_source=rss_feed Sat, 23 Apr 2022 11:15:08 +0000 Covid-19 has brought many challenges to the global public sector, among them a need to rethink whether firefighting roles and responsibilities in a pandemic should hinge on a conventional understanding of labour division. Such thinking suggests that while each department should do its part, health officials ought to lead us out of the coronavirus pandemic. In fact, in the rarefied world of government funds, some argue that public investors should focus solely on investing, not only because... https://www-scmp-com.libproxy1.nus.edu.sg/comment/opinion/article/3118286/covid-19-crisis-shows-sovereign-wealth-funds-have-role-goes-beyond?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/comment/opinion/article/3118286/covid-19-crisis-shows-sovereign-wealth-funds-have-role-goes-beyond?utm_source=rss_feed Tue, 19 Jan 2021 10:45:13 +0000 The US government’s pressure on investors to turn away from China, combined with the travel barriers thrown up by the coronavirus pandemic, have sunk cross-border money flows to a nine-year low, according to a consultant’s study and senior money managers. The Trump administration has been actively discouraging US institutional investors from buying mainland Chinese stocks and bonds this year while the coronavirus pandemic has made travelling internationally to scout out new investment... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3101979/coronavirus-pandemic-and-us-government-pressure-investors?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3101979/coronavirus-pandemic-and-us-government-pressure-investors?utm_source=rss_feed Fri, 18 Sep 2020 00:00:21 +0000 China Investment Corp (CIC) is looking for more resilient assets in markets battered by the coronavirus pandemic as the nation’s US$941 billion sovereign wealth fund seeks to boost long-term returns, Executive Vice President Zhao Haiying said. The company added to its investments in credit markets in recent months, especially investment-grade loans in the US, after the Federal Reserve eased a liquidity crunch, Zhao said in an interview on Saturday. It added health care and information technology... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3085833/chinas-us941-billion-sovereign-fund-seeks-more-resilient?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3085833/chinas-us941-billion-sovereign-fund-seeks-more-resilient?utm_source=rss_feed Sun, 24 May 2020 07:15:58 +0000 China’s US$940 billion sovereign wealth fund posted a loss last year, with officials pointing to the escalation of trade war with the United States, frequent geopolitical disputes and the slowdown of major economies as the culprits for the weak performance. Rapid changes in financial markets and the regulatory environment last year tested big institutional investors, including the China Investment Corporation (CIC), with the 2.35 per cent negative return on its overseas investment portfolio in... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3029694/china-points-finger-us-trade-war-after-us940-billion?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3029694/china-points-finger-us-trade-war-after-us940-billion?utm_source=rss_feed Fri, 20 Sep 2019 11:45:05 +0000 The books are closed and the results are in. With a 6.6 per cent decline, this has been the second-worst May for the S&P 500 since 1962. The Hong Kong stock market, meanwhile, has become the biggest victim of the US-China trade war among the major indexes, falling around 10 per cent over the same period. Somewhat ironically, this turnabout in the markets comes just after many of the major indexes booked their best April gains in about 10 years.  So much for the stock market “melt-up” forecasts... https://www-scmp-com.libproxy1.nus.edu.sg/comment/opinion/article/3014023/time-and-again-stock-markets-reward-investors-unfazed-their-wild?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/comment/opinion/article/3014023/time-and-again-stock-markets-reward-investors-unfazed-their-wild?utm_source=rss_feed Wed, 12 Jun 2019 07:00:18 +0000 “No, Mr Bond, I expect you to die,” a line from the 1964 film Goldfinger. Reports of the death of bonds – while commonplace – are greatly exaggerated, in my view. An apparently toxic confluence of rising Treasury yields, widening credit spreads, and fears that the asset class had entered the terminal stage of the credit cycle, sparked a spate of obituaries in the press. Inevitably, investors have started to ask whether it is time to unwind holdings in their most beloved of financial assets. I... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/2135362/us-treasury-bonds-are-among-best-portfolio-ideas-right-now?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/2135362/us-treasury-bonds-are-among-best-portfolio-ideas-right-now?utm_source=rss_feed Fri, 02 Mar 2018 00:52:20 +0000 Among even the most contrarian of investors, there’s a grudging acceptance that the fundamental, valuation and technical architecture framing Asia’s current bull market is broadly sustainable, at least for the next quarter or two. Indeed, standing in front of price momentum year to date, particularly in North Asia, has been like standing in front of a train. Bears have been crushed. In my pre-Christmas column, I suggested a number of reasons why I felt markets could - and should - continue to... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/2129626/make-hay-and-hedge-while-sun-shines-our-markets-change-may?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/2129626/make-hay-and-hedge-while-sun-shines-our-markets-change-may?utm_source=rss_feed Fri, 19 Jan 2018 02:26:58 +0000 “If China is not going to solve North Korea, we will.” 2nd April 2017. “North Korea best not make any more threats … They will be met with fire and fury like the world has never seen.” -- 8th August 2017, US President Donald Trump At midnight on 2nd August 1990, the Bahrain representative of the investment company that I worked for heard Tornado strike jets flying overhead fast and low. Being a military man, he could tell the difference between a loaded bomber and a training flight. He... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/2107176/what-should-investors-do-times-geopolitical-uncertainty?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/2107176/what-should-investors-do-times-geopolitical-uncertainty?utm_source=rss_feed Thu, 17 Aug 2017 06:01:39 +0000 BlackRock Inc, with US$4.8 trillion of global assets under management, said it plans to use its clout to improve corporate governance among the Hong Kong-listed companies in which it owns shares, to foster the principles of accountability, transparency, fairness and responsibility. The world’s largest asset manager, which owns shares in 850 companies in Hong Kong, said it aims to vote in 100 per cent of the shareholders’ meetings that it’s entitled to attend, according to a set of guidelines in... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/2006985/blackrock-takes-activist-stance-voting-rights-hong-kong-foster?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/2006985/blackrock-takes-activist-stance-voting-rights-hong-kong-foster?utm_source=rss_feed Sun, 21 Aug 2016 09:32:06 +0000 Crude oil prices lost just under 20 per cent of their value in the last month and the single biggest force acting on them has been stockpiles, particularly US petrol inventories, which have proven to be very resilient. Fundamentally there is little doubt that the market is balancing. But the pace at which supply and demand move toward balance looks slow and uncertain and that makes the ride ahead a rocky one with volatility being the only constant. One possible explanation for the resilience in... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/1999593/high-crude-oil-stockpiles-bring-volatility-and-uncertainty?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/1999593/high-crude-oil-stockpiles-bring-volatility-and-uncertainty?utm_source=rss_feed Fri, 05 Aug 2016 07:43:54 +0000 Not all consumer stocks are poised to benefit alike from persistent income growth and household spending in China, analysts say, with the fortunes of the goods and services sectors set to diverge in the coming year. Mass market consumer goods companies face lingering price deflation in a low-inflation environment along with flat sales volumes in overcrowded markets. Meanwhile, marketing and labour costs are rising, according to a report from BNP Paribas last week. “We recommend investors reduce... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1889255/china-consumer-goods-saturated-services-grow?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1889255/china-consumer-goods-saturated-services-grow?utm_source=rss_feed Thu, 10 Dec 2015 08:14:00 +0000 The ‘lucky country’, a popular residence and investment choice for Hongkongers and mainland Chinese, is not looking so fortunate these days. Australia has entered a “lost decade” argues a new report by Credit Suisse analysts; a structural slowdown that’s spread from the mining industry, hit by a collapse in commodity prices, to the housing market. The benchmark ASX 200 equities index rose just 1 per cent last year and is down 5 per cent this year, with a weakening Australian dollar a major... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1888295/australias-stock-market-find-fortune-lucky-country-enters-lost?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1888295/australias-stock-market-find-fortune-lucky-country-enters-lost?utm_source=rss_feed Tue, 08 Dec 2015 05:51:53 +0000 Uncertainty surrounding the global market and an anticipated US interest rate rise leaves analysts conflicted about the state of the world’s largest economy, with some remaining wary of a potential recession. The US may be poised to raise interest rates in December for the first time since 2006, reflecting a favourable view of the economy from the Federal Reserve. Yet the recent vulnerability of the global market to shocks - for instance the depreciation of the Chinese currency, collapsing... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1880793/higher-us-interest-rates-could-be-dangerous-wobbly-bike-world?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1880793/higher-us-interest-rates-could-be-dangerous-wobbly-bike-world?utm_source=rss_feed Fri, 20 Nov 2015 05:15:15 +0000 A lot of foreign friends asked me during the weekend if I was considering having two kids in future given China eased the population control policy. My answer was that, well, considering the cost and pressure of raising kids in today’s China, I prefer having none. Many Chinese young people are holding a similar opinion to me, as the Fifth Plenum of the China Communist Party’s Central Committee closed on October 29 officially abandoned the 35-year-old one-child policy. In fact, this policy was... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/1875232/baby-formula-and-diaper-sales-likely-winners-expected-retail-consumption?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/1875232/baby-formula-and-diaper-sales-likely-winners-expected-retail-consumption?utm_source=rss_feed Tue, 03 Nov 2015 06:03:39 +0000 As Macau’s gaming revenue flattens out after fluctuating around this month’s National Day “golden week” holiday, views differ on the sector’s prospects and who is poised to cash in on a rising mass market while containing development costs. Last week’s gross gaming revenue was HK$3.8 billion, with an average daily rate of HK$540 million. That’s the same daily rate as September’s average, a year-on-year decline of 32 per cent, Daiwa analysts said. The week-long holiday at the start of October... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1873095/casinos-balance-customers-against-costs?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1873095/casinos-balance-customers-against-costs?utm_source=rss_feed Tue, 27 Oct 2015 07:46:38 +0000 China’s nuclear power sector is beginning to light up in an interesting way. An index of 44 nuclear-power related companies listed in Shenzhen and Shanghai, known as the CSI Nuclear Energy & Power, is up 17.1% so far in October. The recent advance is a rare bright spot for the sector, which has been suffering from an extended slump, along with much of world’s nuclear power industry, in the wake of the Fukushima Daiichi disaster. The questions facing investors now, is whether the recent gains,... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/1872857/chinas-nuclear-power-equipment-makers-deserve-closer-look-say-analysts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/1872857/chinas-nuclear-power-equipment-makers-deserve-closer-look-say-analysts?utm_source=rss_feed Tue, 27 Oct 2015 07:31:28 +0000 State juggernauts have been the winners during the tough times for mainland China’s property markets since last year, with state-owned developers gaining more market share and achieving stronger growth than their private-sector peers, experts say. They predict the trend will continue in the fourth quarter, with quality state-owned players set to benefit more from government policy support, and recommend selling listed private developers with high leverage or slowing growth. Among the 36 major... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1872693/state-players-winners-mainland-china-property-markets-analysts-say?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1872693/state-players-winners-mainland-china-property-markets-analysts-say?utm_source=rss_feed Mon, 26 Oct 2015 18:31:29 +0000 Solar glass manufacturer Xinyi Solar, and other leading solar energy-related companies, are garnering attention from analysts who say that they are likely beneficiaries of the massive push to embrace green energy in China and elsewhere around Asia. These companies are reshaping their business models into what amounts to a better deal for investors, embracing a new direction that could make them worthwhile additions to an investment portfolio, according to Jefferies. It’s an important shift for... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/1872153/chinas-solar-companies-look-good-bets-green-energy-gains-momentum-analysts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/1872153/chinas-solar-companies-look-good-bets-green-energy-gains-momentum-analysts?utm_source=rss_feed Mon, 26 Oct 2015 00:30:30 +0000 China’s health care industry is poised for a growth spurt as expanding insurance coverage and an increasingly ageing population fuel an increase in patient numbers, according to HSBC analysts. Total industry revenue, based on reported revenue of A-share-listed health care companies, has grown in double digits every year since 2009. But the growth rate has increased only twice during that time: in 2009 and 2012, when inpatient and outpatient numbers both jumped by more than 10 per cent. “Patient... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1870801/prognosis-good-china-health-industry?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1870801/prognosis-good-china-health-industry?utm_source=rss_feed Thu, 22 Oct 2015 00:05:12 +0000 When many things seem to be stalling in China, be it state sector reform or raising funds through the stock market, a new breed of securities that gained notoriety in the developed world in the last financial crisis is undergoing rapid expansion with a goal to facilitate the rebalancing of the mainland’s economic structure. Securitisation products, made from pooling certain assets such as loans and mortgages and repackaging them into interest-bearing securities, have been at the heart of China’s... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/1870232/securitisation-magic-wand-rebalance-chinese-economy?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/1870232/securitisation-magic-wand-rebalance-chinese-economy?utm_source=rss_feed Wed, 21 Oct 2015 00:45:30 +0000 With Communist Party leaders set to gather for a four-day plenary meeting in two weeks, all eyes are on the 13th five-year plan, a strategic road map for mainland China’s economic and social development from 2016 to 2020, with guidelines for the plan expected to be announced during the meeting. According to experts, there are several key sectors you may want to watch out for as they are likely to benefit from the plan. Bank of America Merrill Lynch expects the central government to focus on... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1866868/key-sectors-you-should-watch-out-china-prepares-next-five-year-plan?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1866868/key-sectors-you-should-watch-out-china-prepares-next-five-year-plan?utm_source=rss_feed Tue, 13 Oct 2015 00:30:30 +0000 From second thoughts on "new projects" to admitting to poor judgment, mainland companies that returned to the trading floor used a wide array of excuses to justify their suspension when the going got tough last week. Hundreds of mainland stocks suspended trading last week as investors fled Chinese stocks in a bout of panic selling that wiped out over US$3 trillion from the market. As of Friday, about 1,340 stocks stood suspended in Shanghai and Shenzhen. As markets bounce back following a... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1838427/chinese-firms-resumed-trading-loss-explain-why?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1838427/chinese-firms-resumed-trading-loss-explain-why?utm_source=rss_feed Mon, 13 Jul 2015 13:30:00 +0000 Investors looking for safe bets in the market have long been drawn to monopolistic state-owned companies that offer the prospect of steady returns - with that reassuring government backing. But it does not always play out that way. The high-profile merger of China's two largest train makers, China CNR Corp and CSR Corp, went smoothly enough this year. But shares in the new entity, CRRC Corp, have headed down the wrong track. Since their debut on June 8 - days before the country's... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1831552/merged-china-train-maker-shows-not-all-state-firms-are-safe-bets?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1831552/merged-china-train-maker-shows-not-all-state-firms-are-safe-bets?utm_source=rss_feed Wed, 01 Jul 2015 15:00:45 +0000 More gains are likely in store for Hong Kong healthcare shares that have been flying high since a move to allow mainland mutual funds to buy in the city’s stocks under the through train scheme ignited a market boom. That’s the view of Macquarie Research, which expects to mainland institutions to boost their participation in the Hong Kong market under the tie-up with the Shanghai bourse. “Chinese mutual fund buying through the Shanghai-Hong Kong Stock Connect will focus on undervalued (compared... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1806787/hk-healthcare-stocks-tipped-more-gains-mainland-china-fund-inflows?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1806787/hk-healthcare-stocks-tipped-more-gains-mainland-china-fund-inflows?utm_source=rss_feed Fri, 22 May 2015 04:00:00 +0000 After China’s economy recorded its slowest quarterly growth in six years, one question perplexing analysts is how much debt is in circulation and what percentage of it will turn bad. It’s a major question mark for the world’s second largest economy as any slowdown will hit corporate revenues and margins, leaving less in the kitty to repay creditors. At the same time, falling tax and land sales revenues also dent government coffers just when officials are expected to step up support to an ailing... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1802914/chinas-debt-mountain-casts-shadow-over-corporate-revenues-amid?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/1802914/chinas-debt-mountain-casts-shadow-over-corporate-revenues-amid?utm_source=rss_feed Tue, 19 May 2015 05:12:09 +0000 Given his cult-like following, critiquing Warren Buffett's investment approach takes a pinch of courage and a pound of stupidity. But that has never stopped me before … and it is a good time to look at Berkshire Hathaway, given that it held its annual general meeting earlier this month. And what a stunt he pulled - just when you thought he could do no more to thrill his acolytes and expand his fan club. I'll get to that later. Let's start with an oh-so-basic review of his secret sauce. In my... https://www-scmp-com.libproxy1.nus.edu.sg/business/money/markets-investing/article/1241505/buffettising-friends-part-star-investors-brand?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/money/markets-investing/article/1241505/buffettising-friends-part-star-investors-brand?utm_source=rss_feed Sun, 19 May 2013 16:00:00 +0000 Whether or not you are already a high-net-worth investor or just starting a wealth management relationship with a private banker, it is important to understand and prepare for some changes in your investment style. Do-it-yourself investors used to managing their own funds should know about common mistakes they need to avoid when making the transition to a professionally managed portfolio. At first glance, there's nothing wrong with the do-it-yourself investing practised by most people. 'Doing it... https://www-scmp-com.libproxy1.nus.edu.sg/article/998888/planning-future?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/998888/planning-future?utm_source=rss_feed Sat, 21 Apr 2012 16:00:00 +0000 What has the minibond fiasco cost our society? Here is my answer, having spent an hour applying for a meagre 50,000 yuan (HK$56,670) worth of bonds issued by the Bank of East Asia. 1.45pm: I entered branch in Festival Walk where it took me 10 minutes to buy some yuan bonds last summer. No queue. I told the sales lady what I wanted. 'The whole process will take an hour. Is that okay with you?' she said. After giving me the marketing leaflet and a page prospectus, she read me the coupon rate, the... https://www-scmp-com.libproxy1.nus.edu.sg/article/686464/legacy-minibond-fiasco-more-investor-losses?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/686464/legacy-minibond-fiasco-more-investor-losses?utm_source=rss_feed Fri, 10 Jul 2009 16:00:00 +0000 Manchester Business School is introducing a new course, Investments and Portfolio Management, for MBA students. The course was tailor made for Hong Kong and mainland financial managers and finance professionals. Course content covers the investment background and portfolio management principles, the key financial instruments and their management and the derivatives, portfolio protection and performance measurement. The course aims to give a practical approach on the contribution each ... https://www-scmp-com.libproxy1.nus.edu.sg/article/603739/new-course-focuses-investment?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/603739/new-course-focuses-investment?utm_source=rss_feed Fri, 10 Aug 2007 16:00:00 +0000 The sell-off in global stock, commodity and currency markets over the past two weeks has been brutal. The Hang Seng Index is down by 8 per cent, the rupiah by 10 per cent, copper by 13 per cent and the poor old Sensex, the main Indian stock index, by a wrenching 15 per cent. But it is not only the values of the assets in investors' portfolios that have suffered. One of the most cherished tenets of modern investment theory has taken a hammering too. Over the past couple of years, individual and... https://www-scmp-com.libproxy1.nus.edu.sg/article/550061/diversification-risky-markets-fall-lock-stock-and-barrel?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/550061/diversification-risky-markets-fall-lock-stock-and-barrel?utm_source=rss_feed Tue, 23 May 2006 16:00:00 +0000 A fitting epitaph for many an emerging market investor might read: knew the price of everything but the value of nothing. To use the Biblical metaphor, if the wage sin pays is death, then now-penitent foreign banks are paying heavily for fuelling Asia's credit boom. Yet, at the right price, almost everything has value. The question is at what level does Asia become attractive and what will be the sign? Nobody is sure where currencies and interest rates will settle in a post dollar-bloc... https://www-scmp-com.libproxy1.nus.edu.sg/article/224089/foreign-fuel-needed-find-road-recovery?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/224089/foreign-fuel-needed-find-road-recovery?utm_source=rss_feed Sun, 21 Dec 1997 16:00:00 +0000 HOW 'safe' are derivatives? Are they a valid form of investment and hedging or, as the Barings collapse suggests, a high-risk instrument to be avoided? From today Sunday Money will publish a monthly portfolio of derivatives investments available in Hong Kong with the aim of offering similar if not better returns than equities. The Sunday Morning Post Tactical Fund will be managed by the derivatives team at HSBC Asset Management, who believe the fund can outperform the stock market. ... https://www-scmp-com.libproxy1.nus.edu.sg/article/113542/monthly-portfolio-derivatives?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/113542/monthly-portfolio-derivatives?utm_source=rss_feed Sat, 08 Apr 1995 16:00:00 +0000