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Banking & finance
News about the global financial industry with a focus on developments in Hong Kong and China.
A man walks past a money exchange shop in Central, Hong Kong. Photo: Felix Wong
Hong Kong economy

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

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

HKEX

Editorial | HKEX helping Hong Kong be a superconnector

Bonds

Macroscope | Why bond yields are going up everywhere

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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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Ding Xiangqun has been appointed as new Party chief of the National Financial Regulatory Administration (NFRA) after her predecessor Li Yunze was removed from the position. Photo: Handout
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.

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.

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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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Flags wave outside the Tianjin Meijiang Convention and Exhibition Centre during the Shanghai Cooperation Organisation (SCO) Summit in Tianjin on September 1. Photo: AFP
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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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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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.

People walk through the Central district of Hong Kong on January 26. Photo: Jelly Tse
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.

US dollar and Chinese yuan notes are seen with national flags in the backdrop. Photo: Reuters
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.

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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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.

The logo of Futu Holdings is seen in a storefront in Hong Kong on May 26, 2026. Photo: Sam Tsang
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.

The Citibank logo is seen outside its headquarters in New York. Citigroup Hong Kong this month began trialing a new in-house AI agent platform called Arc. Photo: AP
Stablecoins

Letters | Mind the gap between Hong Kong digital asset policy and practice

Readers discuss digital asset audits, the danger of setting a ride-hailing cap, and the bigger picture on allowing dogs in restaurants.

Hong Kong stock market

Appeal of China assets keeps rising among global investors: JPMorgan

Cohort of international investors considering investing in China rises to 57 per cent from 51 per cent a year ago, survey says.

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China stock market

Editorial | Cross-border crackdown part of keeping China’s capital market stable

The penalties handed out to leading brokerages are harsh, but Beijing must show it means business as it cleans up China’s capital market.

The Tiger Brokers mobile app shown on a phone. Photo: SCMP
China's economic recovery

Struggling Chinese regions mine ledgers for dormant riches in ‘idle’ property

Localities battling debt, such as Jilin and Chongqing, pivot to ‘asset revitalisation’ as land revenue remains weak, but analysts flag new risks.

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Hong Kong

Hong Kong beats Switzerland as world’s largest offshore wealth hub, BCG finds

City tops cross-border wealth on IPO surge and mainland China inflows, as Singapore and US trail in consultancy’s global rankings.

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Zijin Mining

China’s largest mining company poised for global top 3 status by 2028, says S&P

Ratings agency highlights Zijin’s project pipeline and cost discipline as the miner accelerates global expansion in copper and gold.

Zijin Mining’s outlook has been raised from “stable” to “positive”. Photo: Shutterstock
Yuan

China’s yuan gains ground in global trade with room to grow, Goldman Sachs says

The currency’s use in global trade has grown sharply in recent years but still falls short of China’s economic weight, the bank says.

Top officials have adopted a more proactive tone on the yuan’s global role in recent months, as the country enters its 15th five-year plan period. Photo: Shutterstock
China technology

Tech edge to boost Chinese firms’ overseas revenues to record high: UBS

Carmaking, power supply chains at forefront of China’s go-global expansion, driven by rising technological competitiveness, Swiss bank says.

China stock market

Unitree’s IPO progress spurs stock buying of firms with exposure to robot maker

As the robot manufacturer moves a step closer to its IPO, stocks of its investors and supply chain makers have shot up.

Mainland China

HSBC Hong Kong targets 7.5 million customers, same as city’s population

HSBC Hong Kong sees an increase in international clients coming to city to invest as it becomes a global wealth management hub.

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The HSBC Building in Central. Photo: Karma Lo
Hong Kong economy

Editorial | Paul Chan’s trip just one step in strengthening relations with Europe

Hong Kong must continue to build on the finance secretary’s visit to highlight the city’s financial strengths and ease concerns over money laundering.

Financial Secretary Paul Chan Mo-po walks down a street in Paris. Photo: Handout
Mergers & Acquisitions

Hong Kong’s Jardine Matheson buys Australian diagnostic group I-MED for US$2.4b

The acquisition is one of the investment company’s largest in recent years and follows its Mandarin Oriental buyout in January.

Hong Kong stock market

US$32b worth of Hong Kong assets involved in transborder trade crackdown: Citic

The assets involve a crackdown on Futu, Tiger Brokers and Long Bridge for offering mainland Chinese investors access to unlicensed trading.

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