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Money Matters
Banking & finance
Banking & Finance
Hongkongers break savings record for second year amid shaky economy
Average monthly savings increased by 9 per cent to US$1,256 this year, Deposit Protection Board survey finds.
26 Nov 2024 - 5:00PM
Wealth management
Hong Kong’s wealth sector thrives as political uncertainty, geopolitics swirl
22 Nov 2024 - 2:54PM
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Wealth management
Blackstone to train Hong Kong wealth managers as private assets gain favour
21 Nov 2024 - 1:07PM
Banking & Finance
Family offices
Exclusive
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China’s ‘long-term growth story’ draws European family offices to Hong Kong
Wealthy European families approve of Hong Kong’s family office-friendly policies, says wealth-management CEO of French bank BNP Paribas.
21 Oct 2024 - 7:30AM
Hong Kong Island’s central business district, photographed from the Hong Kong Monetary Authority headquarters in the International Finance Centre on October 18, 2024. Photo: Jelly Tse
Banking & Finance
Banking & finance
Asia-Pacific family offices show ‘bullishness’ in equities, bonds: Citigroup
Some 68 per cent of respondents in Asia-Pacific raised their allocations to stocks, highest among all regions.
18 Sep 2024 - 8:00PM
Banking & Finance
Banking & finance
Hong Kong campaign to woo family offices gathers steam, summit attendance shows
Summit draws 150 attendees as city continues effort to build talent ecosystem and cement status as Asia’s family-office hub.
13 Sep 2024 - 8:30PM
Banking & Finance
Banking & finance
JPMorgan names new Hong Kong CEO; bank eyes ultra-rich market growth
Kwang, who will remain as the chair of North Asia, will report to Sjoerd Leenart, the Asia-Pacific CEO.
6 Sep 2024 - 6:45PM
Banking & Finance
Banking & finance
More ultra-rich Chinese borrow against stocks amid liquidity crunch
With Fed easing imminent, ‘clients are once again comfortable using their stocks as collateral for project funding’, HSBC executive says.
2 Sep 2024 - 10:00AM
A view of Hong Kong’s West Kowloon Cultural District, and Central (foreground), pictured from The Peak on July 17, 2024. Photo: May Tse
Business
Millionaires and billionaires
China, Hong Kong pools of ultra-rich shrink, Asia’s wealth engine cools: Altrata
The number of ultra-wealthy individuals in China fell for the second straight year in 2023 as a sluggish economy and a deepening real-estate downturn took their toll.
24 Jul 2024 - 8:52PM
Banking & Finance
Banking & finance
Deutsche Bank looks to Asia-Pacific wealth management to drive core growth
The German lender wants the region to contribute at least 15 per cent of its global revenue in the next two to three years as it hires senior bankers for its investment advisory, wealth management and private bank in the region, says CEO.
28 Aug 2024 - 3:47PM
Markets & Investing
Hong Kong Stock Exchange
Hongkongers happy to let the interest roll in even as outlook improves: survey
Local investors would only consider reallocating from cash and deposits into investment products when interest rates come down to 2.5 per cent, according to a survey by the Hong Kong Investment Funds Association.
18 Jul 2024 - 6:00AM
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Banking & Finance
Banking & finance
Chinese finance firms ask Hong Kong staff to return part of their bonuses
Some of China’s largest state-backed financial firms are asking employees in Hong Kong to return a portion of their pay, extending President Xi Jinping’s ‘common prosperity’ campaign to the offshore business hub.
16 Jul 2024 - 5:41PM
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The development marks an escalation of austerity efforts at state-owned financial conglomerates, which have so far mainly limited pay for mainland-based employees. Photo: Shutterstock
Companies
China stock market
Explainer
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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.
16 Jul 2024 - 6:00AM
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China Economy
China property
Affordable housing, mortgage relief named as salves for China’s bruised homebuyers
As China’s homebuyers struggle to stay afloat, analysts and observers have suggested a renegotiation of mortgage rates, as well as an expansion of the country’s affordable housing.
10 Jul 2024 - 7:00PM
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Banking & Finance
Banking & finance
Exclusive
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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.
5 Jul 2024 - 8:30PM
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Markets
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.
5 Jul 2024 - 5:38PM
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A bull statue in front of the Shenzhen Stock Exchange. Regulators have been strengthening their efforts to lift the market’s performance in recent months. Photo: Bloomberg
Banking & Finance
Banking & finance
Exclusive
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Hong Kong to host summit in September to promote city as hub for family offices
The summit marks The Hong Kong Academy for Wealth Legacy’s latest effort to promote the city as a hub for wealthy families to pursue investments, establish succession planning and support various charities.
1 Jul 2024 - 10:00AM
China Business
LME
LME eyes Hong Kong for warehouse to tap China’s growing metals trade with world
The bourse owned by HKEX is exploring the idea of adding a warehouse in Hong Kong to its global network to meet rising demand for the physical exchange of metals such as aluminium and zinc between mainland China and the rest of the world, according to its CEO.
27 Jun 2024 - 5:11PM
Business
Millionaires and billionaires
Rich parents to bequeath US$31 trillion to Gen X, millennials by 2033
Over a quarter of 4.4 million wealthy individuals, each with a net worth of more than US$5 million, could pass their US$88 trillion of assets to their children, Altrata says.
13 Jun 2024 - 7:39AM
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Markets
China stock market
Investing in China ‘desirable’ despite risks, says hedge fund giant Ray Dalio
The billionaire founder of the world’s largest hedge fund Bridgewater Associates said investing in China is a good idea despite the risks, because Chinese assets are cheap and can help balance portfolios.
5 Jun 2024 - 5:59PM
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‘Diversification and investment in China is desirable,’ Dalio said in a virtual presentation at the Greenwich Economic Forum in Hong Kong. Photo: Jiaxing Li
Markets & Investing
Mandatory Provident Fund (MPF)
Calling it a day in Hong Kong? Not if you want to plug that US$300,000 gap
The average Hongkonger faces a HK$2.4 million (US$300,000) gap between their post-retirement expenses and the money available in their pension funds, according to a survey by fund house Schroders.
5 Jun 2024 - 6:03PM
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Business
Banking & finance
Hong Kong bankers get welcome lift from convertible bond frenzy
Convertible bond issues are seen growing in popularity across the Asia Pacific region as companies seek to lower their interest costs at a time when the primary equity market is sluggish.
31 May 2024 - 10:13AM
Banking & Finance
China stock market
‘Father of emerging markets’ Mark Mobius turns bullish on China stocks
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.
30 May 2024 - 6:30PM
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OPINION
Keith Breslauer
Concrete Analysis
|
UK a beacon of commercial property opportunity with end of pandemic in sight
20 Apr 2021 - 12:00PM
Martin Wong Shiu-kei
Concrete Analysis
|
Do stock prices, unemployment presage a housing market crash?
3 Nov 2020 - 7:11PM
Victoria Allan
Concrete Analysis
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Time to upgrade your flat as work-at-home becomes new norm
18 Aug 2020 - 6:45PM
Andrew Ness
Concrete Analysis
|
How the bay area plan will change Hong Kong’s property landscape
1 Oct 2019 - 7:34PM
Raymond Chong
Concrete Analysis
|
Why Hibor-linked mortgage hikes won’t tame Hong Kong’s property market
25 Sep 2019 - 2:19PM
Edward Farrelly
Concrete Analysis
|
Navigating evolving risks in the property, hospitality sectors
18 Jun 2019 - 7:19PM
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