TOPIC

Banking & finance

Related Topics:
Banking & finance
News about the global financial industry with a focus on developments in Hong Kong and China.
The Hong Kong Monetary Authority logo at its IFC Two headquarters. Photo: Jonathan Wong
Bonds

Hong Kong bond markets, yuan issuance to expand in 2026 under HKMA, SFC road map

HKMA and SFC blueprint to drive multicurrency issuance, with green finance and Bond Connect widening investor base.

Investing

China launches venture capital fund to lead the charge on tech investment

videocam
Cryptocurrency

Opinion | To harness crypto ingenuity, financial threat must first be neutralised

videocam
Fintech

Why Hong Kong is emerging as the world’s AI crossroads between East and West

Hong Kong’s AI sector comprises 500 organisations, 290 companies and 183 investors active in finance, healthcare and government services.

Hong Kong is well positioned as an international hub for AI-driven innovation. Photo: May Tse
Stocks

Macroscope | Why Wall Street remains bullish on China amid economic slowdown

Just because fund managers were too bearish on China doesn’t mean their concerns were misplaced – economic fundamentals matter.

videocam
Yuan

China’s offshore yuan breaks major benchmark as appreciation momentum builds

For the first time since 2024, the currency strengthened past the threshold of seven per US dollar – and did it again the next day.

22
Advertisement
Advertisement
Advertisement
Yuan

China expands digital-yuan push to Singapore and Asean trade routes

PBOC pledges to integrate e-CNY into the New International Land-Sea Trade Corridor, boost adoption in Southeast Asia via China’s CIPS payment network.

A customer makes a payment using China’s digital currency, or e-CNY, at a store in Beijing. Photo: Getty Images
China property

China Jinmao sells 5-star Ritz-Carlton hotel in Sanya for US$322 million

Asset restructuring aims to boost liquidity as mainland China developers face a prolonged property downturn.

Wealth management

Billionaire detained in shadow banking scandal in China

Police in Zhejiang have imposed ‘criminal compulsory measures’ against Yu Faxiang and are conducting a probe into his alleged wrongdoings.

Fintech

HKIC ends year on high note but Hong Kong cost of living a drawback for talent

Government-backed fund strengthens VC ecosystem and fosters collaboration, but the city’s high cost of living remains a challenge.

David Chang, founder and CEO of MindWorks, says the number of deals his venture capital firm has been working on has tripled after partnering with HKIC. Photo: Jonathan Wong
Biomedicine: Geopolitics

Global firms turn to M&A in EVs and biotech to deepen China investment: KPMG

Survey of multinational corporations finds optimism in life sciences, healthcare and manufacturing, with half forecasting revenue growth.

Healthcare and life sciences are the top growth prospects over the next three to five years, according to multinational corporations. Photo: Xinhua
Technology

Opinion | Forget the US dollar. Watch water and energy resources instead

In our increasingly hi-tech-based economy and financial systems, energy and water resources will be macroeconomically critical.

videocam
4
China property

China Vanke wins bondholders’ reprieve, averts default for now

Holders of the 2 billion yuan note approve extension of grace period to January 28, but deny proposal to defer principal payment for a year.

videocam
Fintech

Exclusive | Old lender, new twist: Shanghai Commercial Bank teams up with HashKey on card

The 75-year-old lender will work with the newly listed digital asset exchange to issue a co-branded Visa card for HashKey traders.

Shanghai Commercial Bank CEO Wallace Lam. Photo: Jonathan Wong
China debt

China to hide bad debt records for pandemic-hit borrowers who repay small loans

New policy by the People’s Bank of China applies to one-off debts up to 10,000 yuan incurred since 2020, aiming to help people rebuild credit.

videocam
The People’s Bank of China has unveiled a credit-rehabilitation policy to help individuals who defaulted on small loans rebuild their financial standing. Photo: Reuters
Gold in Hong Kong

Gold takes centre stage as Hong Kong builds commodities ecosystem

Hong Kong plans to build an international gold trading centre as part of a wider commodities hub push.

IPO

Charles Li halts Hong Kong IPO plan for Micro Connect fund under HKEX Chapter 21

Former HKEX chief shifts to private fund model after regime fails to see a successful listing in a decade, raising call for a review.

Advertisement
Advertisement
Advertisement
IPO

Chinese GPU maker Biren kicks off bookbuilding for US$624 million Hong Kong IPO

The company, which is selling 247.7 million shares between HK$17 and HK$19.60 each, will become the first listing of 2026 on January 2.

videocam
Biren’s IPO has attracted 23 cornerstone investors, including major asset management firms, domestic mutual funds and insurers. Photo: Handout
Japan

Will Japan’s young embrace 50-year loans amid rising housing prices?

Opting for 50-year loans lowers monthly costs, but the long-term risks are mounting.

Japan

Bank of Japan’s historic rate increase signals new era for economy

Bank of Japan lifts rates to 0.75 per cent – a 30-year high – ending zero-interest era, paving the way for further increases amid rising inflation.

IPO

Chinese AI, chip start-ups court global investors with Hong Kong listing plans

GigaDevice and Montage are each aiming to raise as much as US$1 billion from Hong Kong listings as early as January, report says.

The MetaX booth at the World Artificial Intelligence Conference in Shanghai, July 26, 2025. Photo: CFOTO/Future Publishing via Getty Images
Mergers & Acquisitions

Chinese brokerage CICC unveils merger details with Dongxing, Cinda

The three-way merger will create China’s fourth-largest investment bank with assets of US$128 billion.

CICC will issue some 3.1 billion new A shares at 36.91 yuan to acquire all outstanding shares in Dongxing Securities and Cinda Securities to facilitate the merger. Photo: CFOTO/Future Publishing via Getty Images
IPO

Holiday rush: Hong Kong IPO market sparkles with busiest December in years

From biotech to AI, December’s listings – including at least 15 down the stretch – crown the city’s revival in equity fundraising.

HKEX

HKEX amends float rules to strengthen Hong Kong’s status as global finance hub

The reforms are meant to boost liquidity and attract high-quality companies, reinforcing the overall competitiveness of the capital markets.

China property

China Vanke unveils proposal to extend US$366 million bond after 3 failed bids

Bondholders will vote on the revised plan from Thursday to Monday, and it requires over 90 per cent of the total voting rights to take effect.

videocam
In the first three quarters of this year, Vanke posted a net loss of 28.02 billion yuan. Photo: Reuters
IPO

HashKey shares debut flat in Hong Kong amid bitcoin bear market

The firm, one of 11 licensed virtual asset trading platforms in Hong Kong, raised US$206 million in the city’s first crypto-native IPO.

HashKey executives and other exchange and government officials at the gong-striking ceremony to mark the company’s trading debut on the Hong Kong stock exchange on Wednesday. Photo: Karma Lo
Capital gains tax

Hong Kong signs tax treaty with Norway, marking fourth such agreement this year

Treasury chief Christopher Hui said the government plans to begin CDTA negotiations with Slovenia and Oman early next year.

Semiconductors

China’s tech ambitions stoke red-hot chip IPO market

MetaX shares make their debut on Wednesday after a wildly popular IPO as China’s tech self-sufficiency push fuels investor demand for AI-related stocks.

Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement