The city’s status as an international financial centre will be reinforced by yuan internationalisation and China’s economic transformations, according to top finance officials and industry players.
The legendary investor has changed his view on China stocks as he believes the country’s recent property support measures will restore confidence. A recent trip to the south of the country also helped change his mind.
The issuance diversifies the authority’s funding sources in the capital market with the most competitive financing costs, chairman says.
Asian dollar bonds could continue to rally, propelled by hopes of interest rate cuts, improving macro conditions and China’s property stimulus measures.
HSBC sees opportunities to lend against wealthy clients’ private assets, as it leverages its balance sheet strength to finance this fast-growing market.
Logan Group is entering a crucial stage in its offshore restructuring, with just three months to pay or refinance a loan or risk losing control of a key luxury home project in Hong Kong, The Corniche.
China-listed firms paid cash dividends totalling 2.2 trillion yuan (US$300 billion) for 2023 despite a fall in combined profit, official data shows. Fund managers are not convinced broader governance improvements are afoot.
A new certification course will be launched in Hong Kong in July, focusing on the ESG requirements of bourse operator Hong Kong Exchanges and Clearing to ensure the quality of local practitioners.
The Singaporean lender’s digital banking capability will increase substantially and lead to greater use of AI and machine learning in its products and services, CEO Helen Wong says.
Hong Kong retail funds recorded net inflows of US$3.8 billion in the first quarter, the most since attracting US$4.6 billion in the same period in 2021, industry data shows.
Lenovo’s convertible bond sale follows similar offerings by e-commerce giants Alibaba and JD.com as issuers seek to lower funding costs in a high rate environment by capitalising on a red-hot stock market.
Hong Kong investors’ concentration in real estate and local stocks ‘has not worked out well’ in the past few years, digital wealth adviser Endowus says.
Investors are growing increasingly positive on China’s long-term growth prospects but are ‘underinvested’ in the world’s second-largest economy, HKEX CEO Bonnie Chan says.
The company, one of China’s largest private-sector conglomerates, aims to cut its debts by 10 billion yuan (US$1.38 billion) annually in the next two to three years.
Hotels in mainland China will need to raise their performance and returns to succeed as real estate investment trusts, according to JLL. A 4 per cent annual return will be favoured by regulators and investors.
During a meeting of China’s Politburo, plans are reviewed for ensuring accountability and propriety among officials carrying out the country’s campaign against financial risk.
Generative AI is adding uncertainty to an already uncertain world, but Hong Kong can cope with the challenges by leveraging its hub status and acting as a gateway to China, according to HSBC’s Peter Wong.
Hong Kong private equity real estate firm Gaw Capital Partners acquires property in Japan with an eye on the artificial-intelligence boom.
Meituan, Tencent, NetEase and PDD Holdings are potential candidates to sell convertibles, according to UOB Kay Hian analyst Julia Pan.
Only 1 per cent of large-cap Hong Kong-listed firms in the MSCI AC Asia-Pacific IMI index have set greenhouse gas reduction targets considered ‘fully’ credible, less than the regional average.
Former US secretary of state John Kerry and Thailand’s prime minister Srettha Thavisin are among the speakers and 3,000 attendees as UBS continues the flagship Hong Kong conference started 27 years ago by Credit Suisse.