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Banking & finance

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Banking & finance
News about the global financial industry with a focus on developments in Hong Kong and China.
US Federal Reserve chairman Kevin Warsh addresses a news conference after last month’s Federal Open Market Committee meeting in Washington. Photo: Reuters
China economy

China increases holdings of US Treasuries despite diversification trend

Overall foreign holdings climb to US$9.371 trillion in May, with China’s rising to US$659.3 billion after hitting an 18-year low in April.

Greater Bay Area

Hong Kong urged to pave path for Greater Bay Area firms going global

China stock market

5 years after Evergrande, does China’s stock market signal a turnaround?

Yuan

London Clearing House accepts dim sum bonds as non-cash collateral

Bank of China led the roll-out of the yuan-denominated assets, with three of its overseas units executing the first transactions.

Yuan notes. Photo: Getty Images
Global monetary policy

Amid rising dollar risks, Plaza Accord-style unity not feasible: ex-IMF adviser

Economic historian Barry Eichengreen says if current policy paths persist, modern rifts could bring about a confidence crisis in the US currency.

Hong Kong property

‘Good time to enter market’: rebates rise as Hong Kong property demand recovers

Mortgage battle intensifies as lenders raise cash rebates to lure buyers amid Fed rate uncertainty.

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Hong Kong stock market

Futu expects mainland business to shrink but vows to keep Hong Kong outlets

The company says it sees the CSRC’s crackdown as a ‘industry-wide issue’ rather than a penalty targeting Futu alone.

Futu’s flagship store in Hong Kong’s busy Causeway Bay shopping district, on May 26, 2026. Photo: Sam Tsang
Asia housing and property

The View | Why Chinese wealth is still powering Hong Kong and Singapore property

The draw of safe-haven assets in these cities sees more Chinese becoming permanent residents – a trend Beijing’s clampdown on capital outflows may even encourage.

China stock market

Chinese hard tech giants see market value surge as overseas capital pours in

Under the mainland-Hong Kong Connect programme, northbound holdings rise to record high of 3.13 trillion yuan by end of June.

HSBC

Will Hong Kong’s board-lot reform bump HSBC’s share turnover?

The minimum investment of nearly US$8,000 for one of Hongkongers’ favourite stocks is set to drop. The question is how low it will go.

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Hong Kong economy

Gulf capital flowing into Asia as trade with Hong Kong rises 35%: Paul Chan

Finance chief says bilateral trade surged in first five months of 2026 following deepening of ties in recent years.

Financial Secretary Paul Chan (centre) attends the opening ceremony of LEAP East 2026 in Wan Chai. Photo: Sam Tsang
China stock market

Star Market at 7: tech-centric exchange powers China’s innovation rise

Attracting capital behind breakthroughs in frontier fields, the market is a key part of Beijing’s drive for technology self-reliance.

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Hong Kong economy

Opinion | Hong Kong can be the Asia-Pacific’s longevity hub

City has unique conditions to be the premier regional hub for longevity research, clinical trials, regulatory approval and capital scaling.

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IPO

Shein receives approval for Hong Kong IPO from Chinese regulators

Beijing clears the online retail giant to seek an initial public offering in Hong Kong, after its plans to float in London and New York hit a dead end.

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Customers carrying bags of shopping leave the Shein store in Paris in November. Photo: dpa
Cryptocurrency

Why Payward chose Hong Kong to be its Asian stablecoin gateway

By setting clear rules, Hong Kong is pushing to become the world’s safest launch pad for the digital currency.

Daren Guo (L), co-founder at Reap, and Arjun Sethi, Co-CEO of Payward and Kraken. Photo: Handout
Hong Kong stock market

China’s appeal as portfolio diversifier grows: BlackRock strategist

‘China can provide exposure to different economic drivers,’ says Li Wei, the asset manager’s global chief investment strategist.

IPO

Hong Kong exchange lures listings from Canada, Indonesia, Kazakhstan

Bourse expected to see influx of international issuers in year’s second half, led by consumer goods and services companies, according to PwC.

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Yuan

How the RMB Business Facility will help consolidate Hong Kong’s financial role

Quota expanded to 500 billion yuan from Friday, with tenor increased to two to three years, up from one.

Chinese 100-yuan notes at a Bank of China branch in Hong Kong. Photo: Reuters
Good Schools Guide

Hong Kong’s Gen Alpha is learning about managing money

Financial literacy is being shaped at home, in classrooms and through gamified tools in a bid to help children make smarter money choices.

China’s private sector

Chinese firms look to strike gold in a volatile global metals market

Futures brokerages and exchanges aim to grow their market footprint and offer more efficient hedging tools in the global commodity market.

IPO

Hong Kong small-cap IPOs struggle as market chases megadeals like Zhipu AI

Smaller firms face a liquidity squeeze amid AI-related stock profit-taking, which drags down IPO market sentiment.

Shares in Chinese electronics manufacturer Luxshare dropped by more than 9 per cent in its Hong Kong debut on Thursday after raising around US$3.1 billion to become the finance hub’s largest listing this year. Photo: AFP
Wealth management

Most ultra-rich expats plan to retire in Hong Kong, fuelled by financial perks

Two-thirds of the city’s ultra-rich expatriates wish to retire there because of financial benefits and career boosts, says St James’s Place.

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Two-thirds of Hong Kong's ultra-rich expatriates said they plan to retire in the city due to strong financial benefits and boosts to their careers, according to a survey by St James's Place. Photo: Sun Yeung
Yuan

Yuan: global ambitions

Chinese President Xi Jinping wants the yuan to be a “strong currency”, with widespread use in international trade and foreign exchange markets. Achieving this goal would pare the US dollar’s global dominance and reduce risks from sanctions.

Agricultural Bank of China

7 of world’s 10 biggest banks are now Chinese as Beijing’s financial aims grow

China’s ‘big four’ banks took the top spots in The Banker’s latest global ranking, with JPMorgan Chase following in fifth place.

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Gold in Hong Kong

Editorial | Gold, bond push boosts Hong Kong’s role in nation’s financial future

At a time of increasing global instability, Beijing needs to be a financial powerhouse to protect itself and others.

Hong Kong Chief Executive John Lee delivers a speech at the Hong Kong FIC & Bond Connect Summit at the JW Marriott Hotel Hong Kong, in Admiralty, on July 7. Photo: Sun Yeung
Insurance

The Peninsula’s owner and SF Holding set up captive insurers in Hong Kong

The Hongkong and Shanghai Hotels CEO says the move enhances its risk management capabilities and supports its long-term growth.

Peninsula Hotel in Tsim Sha Tsui, Hong Kong, taken in April 2018. Photo: SCMP/Winson Wong
International Monetary Fund (IMF)

IMF sees world economy growing just 3% this year amid Iran war

The outlook is weighed down by the Iran war but helped by AI and other technologies.

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China's economic recovery

What was China’s FDI last year? US$174 billion keeps it the world’s No 3 source

As China redraws global investment map, mainland firms use leading roles to secure critical supply chains with overseas plans.

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