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Hong Kong Monetary Authority (HKMA)
Banking & finance
News about the global financial industry with a focus on developments in Hong Kong and China.
A man passes a property agency in Mong Kok. Photo: Elson Li
Hong Kong property

Hong Kong mortgage loans surge to 9-month high as new homebuyers seek financing

Financial institutions approved mortgage loan applications worth US$3.3 billion in February.

Consumers

Chinese banks raise consumer loan rates from record low to protect margins

HKEX

Hong Kong climbs up the IPO league table to fourth as fundraising jumps fourfold

China's economic recovery

China’s capital outflow pressure may continue for now, top economists warn

Article on social media suggests US policy, low consumer sentiment will continue to motivate capital flight, though movement is likely to be slower.

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Economists have cautioned amid broader uncertainty, capital outflow pressure will remain on China for at least two years. Photo: EPA-EFE
Hong Kong courts

Debt-ridden contractor Paul Y ordered into liquidation by Hong Kong court

Thirteen public works projects, including 12 joint ventures with other construction firms, to be affected by the winding up order.

IPO

JD Industrials, Unisound AI revive Hong Kong IPOs amid Chinese rush

Third time could be the charm for JD.com’s industrial unit, which may raise up to US$1 billion amid improved sentiment, a source says.

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Wealth management

HSBC bets big on Hong Kong to tap Asia’s wealth-management boom: Elhedery

HSBC’s customers base increased to 6.2 million last year from 5.4 million, showing the importance of the city, Elhedery says.

Georges Elhedery, group CEO of HSBC, speaks at the bank’s Global Investment Summit last week. Photo: Handout
China stock market

China’s 4 top state-owned banks to raise US$72 billion from stock sales to boost capital

The fundraising comes after the National People’s Congress vowed earlier this month to recapitalise major state banks.

China property

Shanghai’s luxury property market thrives while mass housing segment deteriorates

More than 60 per cent of the 4,110 new homes in China priced above 30 million yuan were sold in Shanghai last year, according to CRIC data.

Artificial intelligence

DeepSeek has boosted the faith of rich Chinese investors in tech stocks: StanChart

The AI boom in China has convinced Chinese investors that the markets will continue to rise, Standard Chartered’s Judy Hsu says.

Judy Hsu, CEO of wealth and retail banking at Standard Chartered. Photo: VVS.sg
Currencies

Macroscope | World is ready to cut US dollar down to size – but not too quickly

The US dollar is too central to the global financial system for the so-called Mar-a-Lago Accord to find traction outside the US. But the search is on for alternatives.

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There has been talk of a new Plaza-type accord to depreciate the US dollar and ensure US export competitiveness. Photo: Shutterstock
Climate change

Opinion | Asia can’t afford to wait for the US to wake up to its climate duty

As the US walks away again, Europe, China and others need to fill the climate reparation funding gap, not out of charity but responsibility.

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Central banks

Chinese state banks’ 2024 profits rise, NPLs dip even as margins thin

All six state-owned commercial banks posted moderate profit growth for last year, as non-performing loan ratios declined slightly.

Hong Kong

Venture-capital club expands to Hong Kong, plans US$250m fund

London Technology Club opens in the city with a focus on fast-scaling companies in AI, fintech.

A view of Victoria Harbour taken from Hong Kong Observation Deck in Sky 100, West Kowloon, on February 27, 2025. Photo: Sam Tsang
United States

Opinion | Trump’s executive orders will be no match for markets in grip of fear

Investors’ behaviour promises to thwart Trump’s economic agenda, just as they have forced past administrations to scramble for rescues.

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Illustration: Craig Stephens
Blockchain

Hong Kong to get world’s first tokenised money-market ETFs from Bosera, HashKey

Bosera HKD Money Market ETF and USD Money Market ETF, which have been approved by the SFC, are set to launch in April.

China property

Exclusive | BlackRock sells last Shanghai asset at discount amid China retreat

The US firm is selling its last major asset in the city, Trinity Place, for 900 million yuan (US$124 million), according to sources.

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Wealth management

Top US money managers stay upbeat on Chinese stocks amid AI, biotech boom

Templeton, Janus Henderson and Wellington Management see potential in stocks amid China’s pursuit of tech excellence.

From left: Lavanya Chari, global head of wealth and premier solutions of HSBC, Ali Dibadj, CEO of Janus Henderson Investors, Jean Hynes, CEO of Wellington Management and Jenny Johnson, CEO of Franklin Templeton. Photo: Handout
HSBC

Cathie Wood sees AI driving US$10 trillion global robotaxi revolution

The CEO of Ark Investment says the market will help propel a near 10-fold jump in Tesla’s share price to US$2,600 in five years.

Malaysia

Name your ‘wish’: Johor-Singapore special zone dangles more investor perks

Malaysian official reveals more benefits on sidelines of Korea-Asean Business Forum in Seoul, as UOB bank rolls out support for Korean firms eyeing the region.

Wealth management

Investors bank on more AI-driven stock upside in Hong Kong, Singapore, US: HSBC

Nearly 40 per cent believed AI was an ‘overhyped profit driver’, according to HSBC’s survey of high-net-worth investors.

HSBC holds its second Global Investment Summit in Hong Kong this week. Photo: Handout
China-EU relations

China, Europe ‘share same worry’ about unilateralist forces: ESM director

In China as part of a finance-focused delegation, director of European Stability Mechanism says the two regions are aligned in bid to stabilise international finance.

There are areas of financial cooperation in which China and the European Union share like-minded views. Photo: Reuters
Hong Kong stock market

China’s narrower tech gap with US creates investment opportunities: fund managers

CEOs of Primavera Capital, Franklin Templeton tout long-term potential of Chinese stocks at first World Economic Forum event in Hong Kong.

MTR Corporation

Hong Kong’s MTR Corp raises US$3 billion from its largest public bond sale

The deal comes amid a buoyant Asian bond market as risk sentiment remains steady ahead of further US trade tariffs, according to analysts.

Hong Kong stock market

‘China is back’ as Goldman, Morgan Stanley whet global appetite for equities

Morgan Stanley raised its year-end index targets for MSCI China and Hang Seng by more than 7 per cent on improved outlook for earnings and valuations.

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People cross a street in front of a large screen showing stock and economy data in Shanghai on March 11, 2025. Photo: EPA-EFE
Hong Kong Monetary Authority (HKMA)

Wealth Connect 3.0: HKMA chief promises upgrades to boost appeal

The cross-border scheme for wealth-management products could also expand to mainland investors beyond the Greater Bay Area, Eddie Yue says.

Eddie Yue Wai-man, Hong Kong Monetary Authority chief executive, pictured at the Post’s Times Square office in Causeway Bay on October 18, 2024. Photo: Jonathan Wong
CATL

CATL gets CSRC’s nod for Hong Kong IPO to raise at least US$5 billion

CATL plans to sell up to 220.17 million shares and could raise at least US$5 billion to fund new factories overseas.

US-listed Chinese stocks

Chinese tea chain Chagee reveals revenue surge in US IPO filing

Net revenue nearly tripled to US$1.71 billion in 2024, company says as it prepares for Nasdaq listing.

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