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Banking & finance
HSBC CEO Georges Elhedery on Tuesday. Photo: Reuters
Banking & finance

HSBC shareholders buzz about freebies, have fewer dividend gripes

Many stockholders praised bank’s strong performance last year, adding that they supported new strategies to cut costs and achieve growth.

Banking & finance

DeepSeek has boosted the faith of rich Chinese investors in tech stocks: StanChart

Hong Kong stock market

Hong Kong stocks slump as investors cash out amid lack of strong catalysts

Mandatory Provident Fund (MPF)

Hong Kong raises ESG disclosure standards for MPF managers

The 12 fund managers have up to end-September to ensure their ESG disclosures match the new requirements.

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The MPF scheme regulator is raising the bar on sustainability disclosures. Photo: Jelly Tse
The MPF scheme regulator is raising the bar on sustainability disclosures. Photo: Jelly Tse
US-listed Chinese stocks

Bridgewater misses rally after pruning Alibaba, adding bets on Li Auto, Baidu

The value of US-listed Chinese stocks in Bridgewater’s 13F filing fell by 23 per cent last quarter to about US$267 million.

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Wealth management

Exclusive | Macau’s first local mutual fund targets mainland investors via connect scheme

A&P Macau Patacas Money Market Fund will soon be offered to mainlanders in the Greater Bay Area.

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Hong Kong stock market

Bridgewater widens China lead on 40% asset jump in tough year

Its All Weather Plus onshore fund returned more than 35 per cent in 2024 while smaller local rivals delivered 38.8 per cent to 76.5 per cent.

Pedestrians pass by an electronic board showing stocks and indexes outside a commercial office building in Shanghai in October 2024. AP Photo
Pedestrians pass by an electronic board showing stocks and indexes outside a commercial office building in Shanghai in October 2024. AP Photo
Mandatory Provident Fund (MPF)

Hong Kong’s 2024 pension gained 13% at best pace in 4 years

The increase of HK$102.4 billion (US$13 billion) works out to HK$21,500 per member, says MPF Ratings.

Wealth management

Funds eye more inflows after Beijing’s changes to mutual fund recognition plan

Changes to the Mutual Fund Recognition will expand the scale of products for investors, thus reinvigorating the scheme: HKIFA.

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China stock market

China eases requirements on foreign investments in listed companies

New rule aims to draw foreign funds into yuan-denominated A shares by slashing capital requirements and reducing the lock-up period.

The Shenzhen Stock Exchange in south China’s Guangdong province. Photo: Xinhua
Wealth management

Exclusive | Hong Kong market rally ideal for fund managers to tap Middle East, Southeast Asia

With rising turnover on the Hong Kong stock exchange, the timing is right for fund managers to go out to explore new business opportunities, Sam Yu of HKIFA says.

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Sam Yu Chun-Sing, the newly elected chairman of HKIFA is also the head of compliance for Asia-Pacific ex-Japan at Barings Asia. Photo: Sun Yeung
Sam Yu Chun-Sing, the newly elected chairman of HKIFA is also the head of compliance for Asia-Pacific ex-Japan at Barings Asia. Photo: Sun Yeung
Banking & finance

China’s top state-backed brokers are merging to take on Wall Street

State-backed brokerages Guotai Junan and Haitong Securities are merging to create a firm with US$237 billion in assets to rival Wall Street.

China stock market

China’s outbound investing demand spurs fund managers to get creative amid quota squeeze

Soaring demand from Chinese investors for offshore investments has left foreign banks and fund managers scrambling to ration outbound-investing quotas

Banking & finance

Singapore’s Temasek to invest US$30 Billion in US over five years

Temasek to avoid investing in businesses that are in the cross hairs of geopolitical tensions and seeks to structure investments around certain constraints, such as taking passive public equity stakes in listed semiconductor companies.

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Office workers walk past Singapore state-linked investment firm Temasek Holdings sign in Singapore. Photo: AFP
China stock market

Intern’s leaked video exposes chaotic management at leading Chinese brokerage

‘The content of the clip leaked sensitive information about our customers and violated the company’s compliance rules,’ China Securities said.

China’s stock traders have seen their investments evaporate because of poorly performing markets. Photo: Getty Images
China’s stock traders have seen their investments evaporate because of poorly performing markets. Photo: Getty Images
China stock market

What China’s biggest money manager feels about the economy, market

The government’s target of doubling the per capita GDP to US$30,000 means there is enough growth potential, Zhang Kun says in his fund’s quarterly report.

China stock market

Saudi ETFs make winning China debut as financial ties with Middle East grow

The two feeder funds rose 7.9 percent and 7.8 percent in Shenzhen and Shanghai, respectively, after raising a combined US$170 million.

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China stock market

Explainer | What is ETF Connect? How does it help global investors tap China’s stock market?

China is further opening up its US$8.4 trillion stock market by offering 85 new exchange-traded funds (ETFs) tracking mainland equities through the cross-border trading channel for offshore investors next week.

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ETFs, which are funds that pool together a basket of securities and aim to offer returns that mirror the underlying market, are becoming increasingly popular in Asia. Photo: Shutterstock
ETFs, which are funds that pool together a basket of securities and aim to offer returns that mirror the underlying market, are becoming increasingly popular in Asia. Photo: Shutterstock
Banking & finance

Exclusive | Wealth Management Connect revamp sent investment skyrocketing, says ICBC

Improvements to the Wealth Management Connect scheme in February have proven to be a game-changer, with investment via the cross-border trading channel quadrupling between January and April, according to government data and ICBC.

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China stock market

‘Signs of life’ in China’s markets as reforms boost confidence, forum told

Global investors’ pessimism about China may no longer be well placed, as policies designed to bolster confidence are likely to spell better times ahead for the market, senior financiers told a conference.

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China stock market

China traders’ craze for ETFs tracking US stocks triggers suspensions, warnings

Elevated premiums and price fluctuations of ETFs tracking the Nasdaq and S&P 500 indices lead to warnings from many fund managers.

Chinese investors have been buying into US stocks through China-listed EFTs as they seek to diversify their portfolios. Photo: Shutterstock
Banking & finance

China to set US$412,000 annual pay cap for finance industry executives: sources

The 3 million yuan (US$412,460) yuan annual salary limit will be applied to all state-backed financial institutions, sources say.

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Pedestrians cross a road in the Lujiazui financial district in Shanghai. China is planning to cap the salaries of finance executives. Photo: Bloomberg
Pedestrians cross a road in the Lujiazui financial district in Shanghai. China is planning to cap the salaries of finance executives. Photo: Bloomberg
Business of climate change

China climate-focused funds saw higher inflows, but fewer launches last year

Climate-focused funds in China saw a decline in assets and product launches last year despite an uptick in inflows, with the funds prone to huge volatility because of speculative trading, according to Morningstar.

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Banking & finance

Hong Kong stocks increasingly driven by mainland China flows: Hang Seng Indexes

Hong Kong stock market’s gains this year have been supported by southbound inflows, reflecting the growing influence of mainland Chinese investors.

Banking & finance

Hong Kong snap 2-day rally as investors turn cautious ahead of US data

Hong Kong stocks end slightly lower as mood turns cautious ahead of US non-farm payroll data later this week.

Hong Kong stocks continued their winning run for a third day this week. Photo: Sun Yeung
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