Advertisement
Advertisement
TOPIC

Banking & finance

Related Topics:
Banking & finance
News about the global financial industry with a focus on developments in Hong Kong and China.
The logo for Fitch Ratings, one of the “big three” credit ratings agencies, in Canary Wharf, London. Photo: Shutterstock
China's economic recovery

Citic Securities breaks ceiling with first ‘A’ class rating for China brokerage

Award of an A-minus rating seen as a milestone in China’s efforts to build globally competitive investment banks.

Hong Kong Monetary Authority (HKMA)

Hong Kong, Indonesia move towards direct transactions in yuan, rupiah

Mainland China

Opinion | Why tech titans’ IPOs matter as much in China as in the US

videocam
People’s Bank of China (PBOC)

PBOC chief says China a haven for asset diversification in volatile world

Pan Gongsheng tells representatives from about 30 central banks around the world that opening-up measures are working.

People’s Bank of China governor Pan Gongsheng at a news conference on the sidelines of the annual meeting of the National People’s Congress in Beijing in March. Photo: AP
AIIB

Open Questions | AIIB chief Zou Jiayi on financing Asia’s green transition

President of the Asian Infrastructure Investment Bank on how it bridges differences to build a more sustainable, climate-resilient world.

videocam
China stock market

Red-chip listing to make Chinese green power producer Shenzhen’s biggest IPO

Wind and solar producer plans multiple projects amid China’s push to deepen its insulation from global oil-shock pressures.

Advertisement
Advertisement
Advertisement
Hong Kong economy

Kazakhstan bank turns to Hong Kong as gateway to offshore renminbi finance

Chinese-backed Altyn Bank says Kazakh investors are turning to Hong Kong dim sum bonds to raise long-term capital for regional infrastructure.

Hong Kong is the world’s largest offshore renminbi liquidity hub. Photo: Photo: AFP
Yuan

‘Increasingly influential’ use of China’s currency puts euro on notice

The US dollar is still dominant, but a slump in Europe may see China’s currency gain strength and reach the No 2 spot in global settlements.

videocam
30
Fifa World Cup 2026

Gold-laden World Cup trophy’s value surges 157% – how much is the bullion worth?

While priceless to players, all that shimmers in the iconic Fifa statue has seen its intrinsic value skyrocket amid a historic rally since the last tournament.

videocam
4
IPO

The world’s 5 largest-ever IPOs, before Elon Musk’s SpaceX listing

Ahead of SpaceX’s public listing on Friday, set to break records, here are some previous block-buster fundraisers.

The New York Stock Exchange decorated for the first day of trading for Alibaba on September 19, 2014. Photo: Shutterstock
China property

New York leads, but Asia-Pacific’s financial hubs are on the rise

The centre of gravity is shifting east in the financial services world, but New York remains the global benchmark, says Colliers report.

Singapore ranked third in a Colliers report on the world's leading financial centres, behind New York and London. Photo: AFP
Semiconductors

Amid a memory supercycle, CXMT rival UniIC pushes for mainland IPO

As markets see a global, AI-driven demand for memory, UniIC is a step closer to listing in China.

Bonds

Mainland China set to issue US$2.2b of sovereign bonds in Hong Kong next week

The offering is expected to be popular with central banks and sovereign funds seeking to diversify away from US dollar assets.

Hong Kong

Tencent, Swire boost Hong Kong debt market with US$5.2b multi-currency deals

Investor appetite for Hong Kong debt is growing, with the offerings reinforcing the city’s role as a global bond hub.

Tencent has unveiled a dual-currency bond package worth US$2.45 billion in US dollar notes and 15 billion yuan (US$2.2 billion) in offshore yuan notes. Photo: Reuters
Hong Kong

Beijing expects Hong Kong to press advantage as offshore yuan hub

Officials pledge ‘unswerving’ support for Hong Kong’s development as a financial centre while urging city to promote global yuan use.

Hong Kong was the largest offshore yuan market as of December, with 74.6 per cent of payments. Photo: DPA
Hong Kong property

Singapore group deepens Hong Kong student housing push with tower purchase

Acquisition of 26-storey building highlights growing international appetite for city’s distressed assets as banks step up property disposals.

Financial Services and the Treasury Bureau (FSTB)

Hong Kong rolls out incentives to boost role as a corporate treasury hub

Plan expands tax concessions and introduces pre-approval mechanism to lure multinationals to manage capital and risk in the city.

Advertisement
Advertisement
Advertisement
China economy

New head of China’s financial regulator vows to prevent ‘blow-ups’

Ding Xiangqun identified smaller lenders, the property sector and local government debt as sources of risk while calling for tougher supervision.

videocam
China’s newly appointed financial regulator chief Ding Xiangqun. Photo: Handout
Hong Kong economy

Opinion | Why another golden era for Hong Kong is just around the corner

The city’s biggest growth catalyst of the next decade will be to embrace its role as China’s global treasury capital.

videocam
Investing

Why are Chinese savers moving money out of banks and into tech stocks?

Some commercial lenders have stopped offering long-term deposit products with higher interest rates.

Hong Kong economy

Opinion | Why Hong Kong and Kazakhstan are drawing closer

As Kazakhstan seeks to diversify its financial partnerships and deepen engagement with China, Hong Kong’s offerings stand out.

Hong Kong Chief Executive John Lee Ka-chiu visits the Astana Hub to learn about the latest Kazakh developments in artificial intelligence on June 1, in Kazakhstan. Photo: ISD
Hong Kong stock market

Hong Kong tech gauge welcomes MiniMax, Zhipu in AI milestone amid slump

Analysts say substantial passive inflows may follow the inclusion of MiniMax and Zhipu, though looming lock-up expiries risk diluting gains.

Morgan Stanley projected that had MiniMax and Zhipu been included in the Hang Seng Tech Index at the time of their IPOs, replacing the benchmark’s two smallest constituents, the index’s year-to-date return would have been about 5 percentage points higher. Photo: Shutterstock
Yuan

Panda bond boom: why China is seeing a rush of global borrowers

Beijing’s looser monetary policy, a wider bond market opening and expanding yuan internationalisation are helping drive the trend, analysts say.

Wealth management

International firms bet big on Hong Kong’s US$2.95 trillion wealth hub status

City’s offshore wealth market is thriving as AXA and Standard Chartered target high-net-worth clients despite regulatory tightening.

China consumption

Gold slump: China’s sales plunge as precious metal’s price dips

While China’s interest in gold is unlikely to fade, investment-grade product sales have dwindled after 15 months of retail growth.

videocam
Gold sales have slumped in China as the global spot price drops amid consumer caution and an unstable economic outlook. Photo: Getty Images
IPO

The Stock Connect problem: why can’t investors buy the mainland’s top AI stocks?

Hong Kong’s investors have been unable to take advantage of the recent wave of blockbuster listings by Chinese AI companies on the mainland.

videocam
A phone displays the skyrocketing share price of Moore Threads Technology, a Chinese chip firm, after its initial public offering in December. Photo: Getty Images
Wealth management

China will enhance regulation of programme trading: CSRC chairman

China’s top securities regulator says new measures needed to ‘prevent someone from abusing the technology’.

Japan

Macroscope | The problem with Japan’s bid to strengthen energy security, supply chains

By competing rather than dovetailing with the Belt and Road Initiative, the joint project with the World Bank reflects increasing regional fragmentation.

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