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Banking & finance
News about the global financial industry with a focus on developments in Hong Kong and China.
Illustration: Craig Stephens
Hong Kong

Opinion | Hong Kong is emerging as a leading capital hub of the multipolar era

As wealth creation’s centre of gravity shifts, expect Hong Kong to not only survive but also gain renewed strategic importance.

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China stock market

China’s Tiger Brokers reports strong results amid trading crackdown

China’s private sector

The big scoop: lemon tea chain to revamp Haagen-Dazs’ struggling China business

Hong Kong Investment Corporation

AI, biotech and new energy likely targets of HKIC yuan fund

Hong Kong government’s investment arm to set up yuan-denominated venture capital fund aimed at investors seeking exposure to China currency.

HKIC, the Hong Kong government's investment arm, plans to set up a yuan-denominated venture capital fund. Photo: Getty Images
Artificial intelligence

Fear of missing out: why Asia-Pacific firms chase AI despite scant returns

Survey shows many enterprises across the region invest heavily in AI, worried that their rivals will outpace them.

Macau

Macau taps into Project mBridge digital currency platform

Project mBridge is seen as part of Beijing’s push to establish alternatives to traditional, US-dollar-centric payment networks.

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Wealth management

Why are Asia’s families eyeing liquid assets to secure their children’s wealth?

More of the continent’s parents are providing share portfolios and other assets for their offspring as confidence in property begins to wane.

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Illustration: Davies Christian
Family offices

Family offices eye shifting assets from North America to China, survey finds

Privately run firms managing investments of wealthy families showing ‘growing interest’ in China, UBS report says.

Hong Kong Investment Corporation

Hong Kong’s venture fund eyes bigger bankroll after double-digit return

Financial secretary says investment arm will also take lead on new offshore yuan-denominated venture capital fund.

IA

Hong Kong’s record insurance sales risk cooling under cross-border capital curbs

Insurers brace for impact from stricter cross-border rules, with the Insurance Authority stepping up oversight of mainland visitor purchases.

An insurance sales agent looks for customers in Tsim Sha Tsui, Hong Kong. Photo: Eugene Lee
Citic

Giant Chinese brokerage raising billions for overseas expansion

Citic Securities launches largest equity fundraising by a Chinese brokerage since 2022, aiming to raise 16 billion yuan.

Citic Securities’ company logo. Photo: Shutterstock Images
Hong Kong economy

Open Questions | Hong Kong must embrace ‘bipolar’ role to thrive in its ‘Stage 3.0’: Charles Li

Veteran deal maker urges an IPO link to lure global resource giants and turn Chinese buyers into owners as city solidifies role as East-West bridge and global capital hub.

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IPO

AI firm MiniMax prepares for mainland China listing after Hong Kong shares surge

Chinese AI model company hires Citic Securities to prepare a mainland share sale, with the listing venue yet to be confirmed.

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Hong Kong economy

Hong Kong considers new offshore yuan venture fund for tech, emerging industries

Initiative would build on AI and finance convergence while supporting yuan internationalisation, finance chief Paul Chan says.

A man walks past a money exchange shop in Central, Hong Kong. The nation’s latest five-year plan calls on Hong Kong to enhance its role as an international financial hub and expand its offshore renminbi business.Photo: Felix Wong
HKEX

Editorial | HKEX helping Hong Kong be a superconnector

As it marks 40 years as a unified exchange, the bourse’s next venture is branching out to partner with exchanges in the Gulf and Central Asia.

Cathay Group Chair Guy Bradley (left) and Hong Kong Exchanges and Clearing (HKEX) Chairman Carlson Tong Ka-shing (right) prepare to ring the gong to mark 40 years of HKEX on May 28, 2026. Photo: Jonathan Wong
Bonds

Macroscope | Why bond yields are going up everywhere

Unlike stock markets, bond markets are signalling a more cognisant and mature appreciation of the state of government finances.

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Mainland China

China appoints top regulatory official as financial clean-up drive continues

Ding Xiangqun takes up key role at the National Financial Regulatory Administration, one month after her predecessor was removed.

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Chinese offshore investment

Going global? Here’s a quick look at 4 options for China’s offshore investors

As Beijing tightens its grip on unlicensed stock platforms, mainland China’s retail players utilise these state-sanctioned options to diversify globally.

Mainland China’s retail investors have four primary legal avenues to diversify their portfolios overseas. Photo: Shutterstock
HKEX

As Hong Kong stock exchange turns 40, can the chip supercycle keep IPOs flowing?

US$6.1 trillion exchange marks its 40th year amid fierce global competition, as brokers see challenges sparking opportunities.

China trade

China-led SCO bloc looks to fast-track plan for new bank, rival Western lenders

Member states seek more financial autonomy and localised credit by advancing an effort to fund regional growth using their national currencies, not the US dollar.

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China stock market

‘Tell the story well’: China pushes brokerages to shape stock market narrative

Regulators are moving to tighten oversight of brokerage research, aligning assessment criteria more closely with policy goals.

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An electronic board shows Shanghai stock indices as people walk on a pedestrian bridge in the Lujiazui financial district in Shanghai on March 2. Photo: Reuters
China economy

China’s private funds see assets soar by over US$400 billion amid tech boom

Chinese investors are putting more money into private equity, venture capital and other private funds amid a surge in tech investment.

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People visit a Metax booth during the World Artificial Intelligence Conference in Shanghai. Photo: Reuters
Hong Kong economy

Opinion | Cross-border wealth hub crown latest sign Hong Kong is roaring back

City overtook Switzerland in BCG wealth report, underscoring vital ‘superconnector’ role between mainland and international capital markets.

Yuan

For a yuan in deeper markets, Fed ex-head cites dollar playbook, flags risks

Meanwhile, surging costs are ‘likely to hit US inflation data a bit harder and perhaps longer’ than expected, according to the former central bank official.

Gold in Hong Kong

Low-cost gold ETF launched as Hong Kong links bullion trading with blockchain

New fund gives retail investors physical gold access from US$45, with tokenised design primed for future trading on regulated platforms.

The launch comes as gold prices fluctuate amid geopolitical tensions and macroeconomic uncertainty. Photo: DPA
Financial regulation

Mainland Chinese react as Hong Kong tightens access to offshore investing routes

Banks have been ordered to step up checks, part of wider efforts to strengthen oversight of cross-border capital flows.

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Hong Kong's skyline Hong Kong regulators have ordered banks to strengthen compliance checks on mainland Chinese customers. Photo: Eugene Lee
China stock market

China’s brokerage crackdown: banks cut forecasts for Futu, Tiger

CCB and Goldman Sachs slash brokerage valuations, profit forecasts after regulatory action on unauthorised cross-border trading.

Artificial intelligence

US banks roll out American AI in Hong Kong despite geopolitical tensions

US AI companies have restricted access for users in Hong Kong and mainland China, forcing banks to navigate a compliance minefield.

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