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Banking & finance
News about the global financial industry with a focus on developments in Hong Kong and China.
More than 2.6 million employees are registered under MPF schemes. Photo: Dickson Lee
Hong Kong economy

Proposed 33% rise in MPF payments ‘may pile on business pressure, hit jobs’

But labour sector lawmaker calls for bolder increases in maximum income level threshold to meet statutory requirements and reflect rising salaries.

Mergers & Acquisitions

Investment firms remain upbeat on deals despite geopolitical tensions, bankers say

IPO

Hong Kong’s IPO pace picks up as 2 mainland Chinese firms get listing approval

Hong Kong economy

Exclusive | Fears over Exchange Fund discipline overblown: Hong Kong’s dollar peg architect

John Greenwood says drawing HK$150 billion from the fund is justified, calling the move a legitimate, long‑term investment.

The Hong Kong dollar is pegged against the US dollar between a range of 7.75 to 7.85. Photo: Felix Wong
HSBC

HSBC Hong Kong CEO sees global tensions, China tech drawing wealth to city

HSBC’s local unit gained nearly 2 million new customers in two years as global investors shift assets to Hong Kong.

Hong Kong economy

Opinion | Why Hong Kong could be the next global hub for gold trading

If commodity pricing becomes the next frontier of US-China financial competition, Hong Kong could find itself at the heart of that evolution.

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Hong Kong economy

Hong Kong, Singapore square off in race to become world’s gold trading hub

Access to mainland’s robust market gives Hong Kong the edge over Southeast Asian rival, experts say.

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Experts say Hong Kong has edged ahead of Singapore in its ambition to be the world’s gold trading hub. Photo: Karma Lo
Financial regulation

Macroscope | How global debt is sowing the seeds of financial collapse

Markets have so far shrugged off wars and trade conflicts, but the rapid rise of already massive debt should alarm investors.

Hong Kong property

Hong Kong, Sydney or Dubai? Prime real estate investors take their pick

Rich buyers are reshaping ultra-luxury property markets from Sydney and Hong Kong to Dubai, drawn by each city’s unique selling proposition.

Yuan

Beijing vows yuan stability, fires back at currency-depreciation claims

PBOC governor reaffirms yuan stability, refuting trade partners’ accusations ahead of critical US talks in Paris.

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A woman walks by an exchange shop decorated with banknotes. There has been mounting pressure from China’s trade partners to allow the yuan to strengthen. Photo: Felix Wong
China stock market

China’s market regulator vows more oversight to shore up confidence

Crackdown on fraud, stronger governance, higher dividends and more buy-backs will enhance appeal of Chinese assets, CSRC chief Wu Qing says.

Wu Qing, chairman of the China Securities Regulatory Commission, speaks at a press conference during the Fourth Session of the National People’s Congress in Beijing on March 6, 2026. Photo: EPA
Two Sessions 2026

Lean harder into Hong Kong-mainland China market ties: ‘two sessions’ delegates

Higher integration would raise resilience of the mainland financial system while supporting yuan internationalisation, CPPCC members say.

HSBC

Hong Kong banks face limited Middle East risk but tensions cloud expansion plans

HSBC and Standard Chartered expanded in the Middle East in recent years to capture growing cross-border trade and wealth management flows.

Venture capital market

China’s state-led venture capital revival risks losing momentum

Four government funds formed to back projects, but lack of funding diversity could risk stalling the industry again if policy shifts.

Several government funds have been formed in China to support investments in key projects. Photo: NurPhoto via Getty Images
Hong Kong economy

Hong Kong unveils incentives to attract gold refiners and boost global hub plan

Targeted measures, tax incentives and cross-border partnerships aim to bolster city’s role as a global gold trading and refining hub.

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With new incentives and a 2,000‑tonne storage target, Hong Kong is positioning itself as a trusted global vault and bullion trading centre. Photo: Edmond So
Family offices

Middle East tensions set to strengthen Hong Kong as a gold and wealth hub

Expanding gold vault capacity and new tax incentives for family offices are part of Hong Kong’s broader push to attract global wealth.

Central banks

How China’s sovereign debt is becoming a real alternative to US Treasuries

Beijing is now offering dollar-denominated sovereign bonds at rates matching equivalent US Treasuries – and investors are snapping them up.

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Hong Kong economy

Editorial | Hong Kong is a beacon of stability for global talent and capital

In an increasingly uncertain world, Hong Kong, backed by the country, continues to be a safe place for investment and opportunities.

A foggy Hong Kong skyline viewed from Victoria Peak on March 3. Photo: Eugene Lee
US, Israel war on Iran

Global stock sell-off slams Wall Street as oil prices leap on Iran war woes

The Dow ended down 403 points, after plunging over 1,200 earlier in the day.

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Hong Kong tourism

Hong Kong convention centre to host more medical, tech, finance, education events

Events linked to these four sectors will account for 43 per cent of activities held this year, venue’s managing director says.

IPO

HSBC chairman floats ‘IPO connect’ for Hong Kong, Shenzhen listings

Modelled on Stock Connect, the proposal would give investors in the Greater Bay Area cross-border access to new share listings.

Bull statues are seen in front of the Shenzhen Stock Exchange on November 17, 2024. Photo: Getty Images
Hong Kong property

Can HKIC fix Hong Kong’s 15 million square-foot office vacancy problem?

Attracting foreign institutions might prove difficult amid the commercial property sector’s elevated vacancy rates and uncertain recovery.

A general view of prime commercial buildings in Hong Kong’s Central district. Photo: UCG/Universal Images Group via Getty Images
Two Sessions 2026

How China is using its economic clout to give the US dollar a run for its money

Beijing is using economic clout to reshape its global financial influence – a strategy analysts say could play out over decades.

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Fintech

Hong Kong, Shanghai sign pact on digital trade finance, cross-border data link

‘This marks an important milestone in the collaboration on financial innovation between Shanghai and Hong Kong,’ HKMA’s Howard Lee says.

Hong Kong

Hong Kong’s new cash-for-residency scheme draws US$12 billion in first 2 years

Number of applicants surges in second year, with most of the deployed capital going into authorised funds, equities and debt securities.

More than 1,700 investors have completed their commitments and received formal approval from the Immigration Department. Photo: Jelly Tse
HSBC

HSBC signals intent to join Hong Kong’s stablecoin regime amid digital hub push

Georges Elhedery declined to confirm whether HSBC applied for stablecoin licence but indicated that discussions with regulator were ongoing.

HSBC CEO Georges Elhedery poses for a photograph in Hong Kong on February 26, 2026. Photo: Jonathan Wong
Hong Kong stock market

The big cornerstone comeback: what’s driving investors back to Hong Kong IPOs?

After four subdued years, the cornerstone investors that anchor Hong Kong’s IPO market are returning in force, reshaping the deal landscape.

Hong Kong budget 2026-27

Opinion | Hong Kong’s fiscal surplus is cause for celebration, not complacency

More creative strategies are needed to secure the city’s long-term liquidity amid an ageing population and increased infrastructure spending.

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