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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.
Outspoken Chinese economist Yu Yongding has warned of the precarity of Beijing’s overseas assets amid a heated trade war with the US. Photo: Shutterstock
US-China trade war

Economist says China’s overseas assets at risk as trade war hits boiling point

Yu Yongding, a former central bank adviser, says Beijing’s foreign holdings could become another battleground in the US-China trade war.

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HKEX

US delisting of Chinese stocks may make Hong Kong great again

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Hong Kong stock market

Chagee, Miniso shrug off US delisting concerns amid Trump tariff war

US-China relations

Will China dump US treasuries? Fears of ‘vicious spirals’ in global markets grow

Fears are growing that the US-China trade war could enter an unpredictable – and potentially devastating – new phase.

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The US-China trade war threatens to spill over into the financial markets, with unpredictable consequences, analysts say. Photo: TNS
WeLab

HKIC backs fintech unicorn WeLab to bring Hong Kong start-ups to Southeast Asia

The Hong Kong government’s investment arm has acquired an unspecified stake in the Li Ka-shing-backed consumer finance company.

IPO

World’s No 2 coconut water bottler applies for Hong Kong IPO

IFBH Limited switches its listing plan to Hong Kong from Singapore because of the HKEX’s ‘strong connectivity’ with mainland China, its largest market, it says.

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IPO

Trade tensions to benefit Hong Kong as IPO hub, trade gateway, Paul Chan says

Economy is the top priority of the central government and foreign businesses and investments are welcome, Chan said at a Citigroup conference.

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The US’ so-called reciprocal tariffs are fundamentally wrong, Financial Secretary Paul Chan Mo-po says. Photo: Edmond So
Crime in Hong Kong

Hong Kong banks to get new powers to trace, flag suspicious accounts

Police and banks will exchange information on scam-linked accounts as authorities step up efforts to combat financial fraud.

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Mergers & Acquisitions

China Mobile gets 15.5% stake in HKBN to fend off rival I Squared Capital

Company agrees to pay about US$154.6 million for the block of shares from private equity firm TPG.

Hong Kong Monetary Authority (HKMA)

Hong Kong SMEs expect slower growth, but they still want to hire talent: survey

Around 57 per cent of Hong Kong respondents expect their business to grow in 2025, down from 69 per cent in 2024.

Customers shop in Tsim Sha Tsui. Photo: Eugene Lee
Hong Kong economy

Editorial | HKEX must press ahead with board-lot reform

Lifting restrictions would boost liquidity, encourage turnover and give smaller retail investors greater choice.

The HKEX logo is seen outside its offices in Hong Kong. Photo: Reuters
Hong Kong stock market

Exclusive | CATL keeps the faith in Hong Kong with plans to list in second quarter: sources

Some of the 178 companies that have filed IPO applications in Hong Kong may delay their listing plans, analysts say.

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Artificial intelligence

Hong Kong’s finance sector embraces GenAI, with adoption to reach 90% in 5 years

GenAI applications have the potential to lead to a more curated customer experience, Academy of Finance CEO Enoch Fung says.

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HSBC

18 Hong Kong banks offer flexible loans to SMEs to cope with US-China trade war

Extension of loan repayment periods and partial principal repayment arrangements offered by banks to ease SMEs’ pain.

General view of retailers and people shopping in Causeway Bay. Photo: Dickson Lee
China-Africa relations

US$4.7 billion loan for Mozambique gas project steps up contest with China

Lawyer sees contest for share of African markets a bigger motivator for US project financing than national security.

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An artist’s impression of the proposed Mozambique LNG project, which has received a boost from a US$4.7 billion loan as the US attempts to curb Chinese influence in Africa. Photo: Mozambique LNG.
Sovereign wealth fund

Exclusive | Qatar wealth fund chief seeks to speed up deal for China Asset Management stake

‘The talks went smoothly and the stakeholders are supportive of the deal,’ a source says.

Hong Kong economy

Editorial | Hong Kong better prepared with Beijing backing for uphill battle ahead

China has many levers at its disposal to support both its and Hong Kong’s stock markets during Donald Trump’s senseless trade war.

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Wealth management

Resist ‘buying the dip’, Citi bankers caution amid global sell-off

While a bear market rally can occur, it will not last and it is too early to buy the dip, according to strategists at BCA Research.

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Andy Sieg, head of wealth at Citigroup, says there is a flight to quality at moments of market stress. Photo: Sun Yeung
Hong Kong economy

Letters | A government-owned bank can help Hong Kong weather tariff storm

Readers discuss support for businesses in a trade war, cutbacks to US Department of Education, and the timing for a sales tax.

Singapore

Singapore’s insolvency reforms take aim at shareholder dissent

As Singapore seeks to become Asia’s go-to for distressed businesses, its proposed insolvency overhaul tackles shareholder dissent head-on.

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China’s economic stimulus

‘I’m not attracted’: why China is struggling to convince consumers to borrow

Beijing is offering easier access to credit in a bid to boost consumption, but households are reluctant to take on debt amid a global trade war.

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China has introduced a slew of measures in recent months to encourage consumers to open their wallets, but many households remain reluctant to spend amid an economic slowdown. Photo: EPA-EFE
China stock market

China ‘national team’ mounts intervention amid market slump, tariff war

Three state-run funds vow to ramp up purchases to safeguard market stability, while one regulator pledges to free up more insurance funds.

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People pass screens showing data on stocks in Shanghai. Photo: EPA-EFE
IPO

Chinese AI firm AICT prepares to ‘get on the IPO runway’ in Hong Kong

“I’m optimistic about the Hong Kong stock market,” said Yan Jun, the founder and chairman of AICT.

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United States

China property crisis still a key signal for junk bond market, Pimco says

China’s crisis reinforces what Pimco has known for a long time, which is that property bubbles are dangerous, whether they are in China or elsewhere.

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United States

Explainer | From Great Depression to Covid-19, how Trump’s tariffs compare to worst crashes

China’s retaliation to Trump’s tariffs caused historic stock market collapses in Asia and Europe, reminiscent of past financial crises.

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A trader reacts on the floor of the New York Stock Exchange on March 11, 2020 as stocks tumbled due to economic fallout from the coronavirus. Photo: AP
Financial regulation

China’s central bank plans to name money launderers to curb financial crimes

The People’s Bank of China has added a column to its website listing entities at high risk for money laundering in advance of an international review.

China’s central bank is stepping up its efforts to control money laundering in advance of an international compliance review this year. Photo: Reuters
Cryptocurrency

Bitcoin, ether rout extends as tariff war pain batters cryptocurrency assets

Cryptocurrency investors appear to be in full ‘sell mode’, according BTC Markets analyst Charlie Sherry.

Yuan

China opts for stability over devaluation as tariff tremors give yuan a jolt

The yuan’s midpoint rate was set to a four-month low, but did not overshoot the 7.2 benchmark, suggesting devaluation not yet on the agenda.

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