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Sovereign wealth fund

Sovereign wealth fund
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View of Hong Kong’s Victoria Harbour. Photo: Shutterstock
Banking & finance

Hong Kong’s investment body posts US$300 million income in first year

Every dollar invested by the HKIC has attracted more than six in long-term market capital, Financial Secretary Paul Chan says.

US-China relations

Trump wants a sovereign wealth fund to compete with China. Big questions remain

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Bonds

China’s currency push gains ground as Russia nears issuance of yuan bond

Hong Kong economy

Opinion | In betting on Saudi Arabia, Hong Kong is really betting on itself

Hong Kong’s future may lie not in choosing between East and West, but in linking Asia with the Middle East and beyond.

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Hong Kong Financial Secretary Paul Chan Mo-po (left) visits the New Murabba Development Company under the Public Investment Fund of Saudi Arabia with Murabba CEO Michael Dyke, in Riyadh, Saudi Arabia, on October 30. Photo: Handout
Malaysia 1MDB scandal

Fugitive Jho Low’s sister and associate ordered to pay US$2.8 billion to 1MDB

The judge noted that May Lin and associate Eric Tan failed to appear in court, resulting in a massive default judgment in the ongoing 1MDB suit.

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Singapore

Standard Chartered faces US$2.7 billion 1MDB suit in Singapore

The lawsuit alleges Standard Chartered enabled acts of fraud leading to US$2.7 billion in losses over a decade. The bank plans to appeal.

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Banking & finance

Asia-Pacific investors brace for market correction in 2026: survey

Top concerns include a potential tech bubble, geopolitical tensions and recession, according to Natixis.

An electronic board at the Lujiazui financial district in Shanghai showing the Shanghai and Shenzhen stock indices. Photo: Reuters
Banking & finance

Hong Kong, Saudi Arabia set to launch US$1 billion fund, Paul Chan says

A ‘major Saudi development company’ will host a roadshow in Hong Kong next month to seek strategic partners, financial secretary says.

Indonesia

Can Danantara’s haj village bid reshape Indonesia’s global presence?

Sovereign fund, led by Pandu Sjahrir, aims to boost economic growth by investing in key sectors like healthcare and renewable energy.

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Temasek Holdings

Singapore’s Temasek invests in WeRide, Pony.ai to boost China tech holdings

Temasek’s latest deals reflect the 51-year-old investment giant’s focus on forward-looking technologies.

Temasek Holdings invests around US$13.7 million in combined shareholdings in WeRide and Pony.ai. Photo: Shutterstock
Banking & finance

Exclusive | China’s sovereign fund sidelines executives amid worries over US scrutiny

China Investment Corporation has reassigned three department heads and delayed its 2024 report amid US pressure on foreign inflows.

China Investment Corporation, the country’s primary sovereign wealth fund, has reassigned three of its managing directors. Photo: Shutterstock
Hong Kong economy

Opinion | How deeper ties with Monaco can help Hong Kong make waves

Collaboration with the principality, a magnet for millionaires, can boost Hong Kong’s blue and yacht economies and attract high-net-worth individuals.

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Video gaming

Saudi video gaming giant Savvy eyes China’s vast market and talent

The state-owned firm is looking for opportunities beyond mature Western markets, particularly in emerging and Asian markets.

Hong Kong property

European private equity firm Ardian eyes fresh growth at new Hong Kong office

Ardian’s expansion in Hong Kong reflects robust growth in the city’s private banking and wealth management sectors.

Two IFC, on the waterfront of Hong Kong’s Central district, is the city’s second-tallest building and new home for private equity firm Ardian. Photo: Edmond So
Malaysia 1MDB scandal

Singapore court rejects 1MDB-linked suit against Standard Chartered, BSI

The judge dismissed the liquidators’ suit as the alleged transactions happened before Singapore’s cross-border insolvency law took effect.

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The Standard Chartered logo is seen on its office tower in Singapore’s Marina Bay Financial Centre. Photo: Harvey Kong
Hong Kong stock market

Hong Kong and UAE forge historic financial ties with ETF cross-listings

Strengthened collaboration reflects growing participation by Middle Eastern funds as cornerstone investors in recent Hong Kong IPOs.

Malaysia

Malaysian heiress to Top Glove fortune seeks US$200 million for private markets

Rachel Lau’s Iris Capital Partners is transitioning from venture capital to private markets due to the challenges in Asia.

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Artificial intelligence

Hong Kong fund, Beijing academy team up to hunt for global AI talent

Hong Kong’s US$8 billion start-up investment fund partners with the Beijing Academy of Artificial Intelligence in a new talent initiative.

A Hong Kong government-backed tech investment fund is collaborating with the Beijing Academy of Artificial Intelligence in a new talent scheme. Photo: AFP
Malaysia 1MDB scandal

JPMorgan settles 1MDB scandal claims with Malaysia for US$330 million

The settlement resolves Malaysia’s civil lawsuit, while Swiss prosecutors found the bank negligent in preventing aggravated money laundering.

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China technology

Opinion | For China and the Middle East, a Space Silk Road is written in the stars

Traditionally reliant on the US, Arab countries are turning to Beijing as relations with Washington sour over the Gaza humanitarian crisis.

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Singapore

Singapore’s Temasek mulls three-way split to boost returns

The potential reorganisation of Singapore’s state investor comes amid pressure to outperform global indices.

An executive prepares to take the stage during the annual Temasek Review in Singapore. The state-owned investor is weighing a reorganisation into three investment vehicles. Photo: Reuters
Banking & finance

Singapore to allocate US$856 million to boost stock market

First phase of US$3.9 billion plan to boost liquidity and participation ropes in three asset managers including JP Morgan.

People ride bikes past the skyline of the central business district in Singapore on June 13, 2025. Photo: Reuters
IPO

Singapore IPO revival hopes rise as NTT’s Reit debut gains

US$773 million data-centre listing is SGX’s biggest listing in eight years.

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Artificial intelligence

OpenAI to rent massive amount of computing power from Oracle

Totalling about 4.5 gigawatts, the unprecedented sum of energy could power millions of homes.

Asean

Asian Angle | Are migrant workers the real glue cementing Asean-GCC ties?

The surprising truth behind the growing partnership lies in its people-to-people connections, remittances, the haj and financial mobility.

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Leaders of the Association of Southeast Asian Nations, Gulf Cooperation Council and China join hands for a group photo as they meet for a summit in Kuala Lumpur, Malaysia, on May 27. Photo: Kyodo
Indonesia

Can Indonesia truly ‘copy with pride’ Singapore’s success?

Indonesia’s president is keen to replicate the neighbouring city state’s triumphs, but analysts warn that deeper reforms will be needed.

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Singapore’s Prime Minister Lawrence Wong (right) with Indonesian President Prabowo Subianto on Monday. Photo: Singapore’s Ministry of Digital Development and Information/EPA-EFE
Banking & finance

Opinion | As geopolitics hits venture capital, Asia must start funding its own tech

For all its technical firepower, Asia remains undercapitalised. With funds no longer flowing freely, it needs a financial system that serves its purpose.

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Asean

Opinion | Asean-GCC-China summit signals a redrawing of trade away from the US

The partnership offers a chance to reduce US reliance through new supply chains, trade agreements and regional production in critical sectors.

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