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Enoch Yiu
Chief Reporter, Business
Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is the author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.
Hong Kong and China equities led all asset classes in the first quarter, while US equities slumped, according to MPF Ratings.
Futu could be paying HK$1.2 million (US$154,000) per month in rent, a steal compared to the HK$8.6 million in monthly rent that Burberry paid in 2018.
Cheng bought HK$20 million of convertible bonds sold by GEM-listed Ziyuanyuan on Wednesday, showing his confidence in the healthcare industry.
Many stockholders praised bank’s strong performance last year, adding that they supported new strategies to cut costs and achieve growth.
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China Overseas Land & Investment’s profit sank 40 per cent to 15.6 billion yuan, while Country Garden trimmed its loss to 32.8 billion yuan.
IPOs totalled US$2.3 billion from 15 firms in the first quarter, compared with US$612.7 million a year earlier, LSEG data shows.
HSBC’s customers base increased to 6.2 million last year from 5.4 million, showing the importance of the city, Elhedery says.
Templeton, Janus Henderson and Wellington Management see potential in stocks amid China’s pursuit of tech excellence.
Nearly 40 per cent believed AI was an ‘overhyped profit driver’, according to HSBC’s survey of high-net-worth investors.
CEOs of Primavera Capital, Franklin Templeton tout long-term potential of Chinese stocks at first World Economic Forum event in Hong Kong.
China is at the beginning of a long innovation story, according to speakers at the HSBC Global Investment Summit.
Artificial intelligence is the future, as it has the potential to boost Hong Kong’s competitiveness, financial secretary says.
Hong Kong’s stock market has a lot of room to expand as many companies are planning IPOs, HSBC’s Asia and Middle East co-CEO David Liao says.
Hong Kong’s low tax regime, good education and healthcare systems are plus points in attracting family offices, investor says.
The insurer is weighing different entry strategies that include applying for a new licence, partnerships and acquisitions.
Two years ago, the government unveiled eight measures with the aim of attracting affluent families so they could set up family offices.
Minority shareholders are also expected to support the sale to receive a special bonus of as much as HK$25 a share, they said.
Bank is developing over 200 use cases for AI, including fraud detection and prevention, anti-money-laundering screening and new products.
The Fed is seen cutting rates again by midyear, while Hong Kong banks may lower their prime rates by 0.125 percentage points.
Steve Finch will take over as Asia CEO from May 9, replacing Phil Witherington who is heading back to Toronto to become global CEO.
Jose Vinals to bid adieu at the bank’s annual general meeting in May after nine years at the helm.
Hong Kong new sales rose 23 per cent to a record US$1.8 billion in 2024 as mainland Chinese bought more policies on their visits.
Thailand’s stock market is the third largest in Southeast Asia and 25th globally, according to the World Bank.
‘An IPO connect can meet the demand for mainland investors to invest in global assets,’ Peter Wong says.
The government think tank will undertake roadshows worldwide to highlight growth opportunities in the city, chairman Benjamin Hung says.
The carmaker will use the proceeds from the share placement for research and development and overseas expansion.
Hong Kong is a key market for the bank to achieve its goal of accumulating US$200 billion of net new money in the next five years.
Quinn’s experience at HSBC could help Julius Baer tap the fast-growing Asian market, one analyst says.
Henderson’s Eight Southpark, Wang On’s Coasto, and Kerry’s Hava see strong sales following the recent reduction in stamp duties.
