China’s benchmark CSI 300 Index hit a five-year low last month. Photo: Chinatopix via AP

Fidelity International plans to cut 16% of China fund unit jobs, sources say

The cuts are part of a broader cost-reduction programme launched globally this month, which is expected to save US$125 million and make 9 per cent of its workforce redundant.

1 hour ago

What next for Evergrande’s Hui Ka-yan after China slaps penalty and market ban

Evergrande, which has the dubious honour as the world’s most indebted developer with more than US$300 billion of liabilities, stands accused of inflating its revenue in the years leading up to its collapse.

Evergrande, which has the dubious honour as the world’s most indebted developer with more than US$300 billion of liabilities, stands accused of inflating its revenue in the years leading up to its collapse.

1 hour ago

Hong Kong private credit bridges gap left by banks’ retreat, lends against property

Private credit lenders are capitalising on businesses’ thirst for generating liquidity from their property assets in Hong Kong, banking on the city’s sound legal system.

Private credit lenders are capitalising on businesses’ thirst for generating liquidity from their property assets in Hong Kong, banking on the city’s sound legal system.

19 Mar 2024 - 8:30AM

Climate disclosures: region needs more education, best practices exchange

Companies in Asia-Pacific will need education, cooperation with suppliers and exchanges of best practices to meet tightening climate-disclosure requirements, says Alexander Bassen of the Greenhouse Gas Protocol’s Independent Standards Board.

Companies in Asia-Pacific will need education, cooperation with suppliers and exchanges of best practices to meet tightening climate-disclosure requirements, says Alexander Bassen of the Greenhouse Gas Protocol’s Independent Standards Board.

19 Mar 2024 - 7:30AM

Hong Kong’s family offices are thriving as study shows efforts are paying off

The number of family offices in Hong Kong may have exceeded those established in major financial centres in the region as efforts in the past year to lure foreign capital started to show results.

The number of family offices in Hong Kong may have exceeded those established in major financial centres in the region as efforts in the past year to lure foreign capital started to show results.

59 minutes ago

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Hong Kong’s Central business district. While YF Life and China Life are Hong Kong’s smallest MPF providers, Manulife and HSBC are the two largest. Photo: Jelly Tse

EMPF Platform: Hong Kong to move smallest firms first, HSBC by end-2025

YF Life Trustees, the smallest of Hong Kong’s MPF providers, will be the first to migrate to the soon-to-be-launched eMPF Platform, while HSBC, the largest provider, will be the last, according to the pensions regulator.

18 Mar 2024 - 6:40PM

Dubai royal nephew to open US$500 million family office in boost to Hong Kong hub

Sheikh Ali Al Maktoum, the nephew of Dubai ruler, is opening a family office in Hong Kong, one of the first high-profile global investors to respond to the city’s campaign to lure the ultra-rich.

Sheikh Ali Al Maktoum, the nephew of Dubai ruler, is opening a family office in Hong Kong, one of the first high-profile global investors to respond to the city’s campaign to lure the ultra-rich.

19 Mar 2024 - 9:58AM

Will Hong Kong’s stock market roar back to life in the Year of the Dragon?

In this week’s issue of the Global Impact newsletter, we reflect on what is in store for Hong Kong’s stock market and its operator, the Hong Kong Exchanges and Clearing Limited (HKEX), in the Year of the Dragon.

In this week’s issue of the Global Impact newsletter, we reflect on what is in store for Hong Kong’s stock market and its operator, the Hong Kong Exchanges and Clearing Limited (HKEX), in the Year of the Dragon.

18 Mar 2024 - 2:00PM

Hong Kong stocks rebound amid policy easing hopes as China data sparks doubts

Hong Kong stocks recovered from a weak start after China’s economic data triggers hopes of more policy easing in the world’s second-largest economy.

Hong Kong stocks recovered from a weak start after China’s economic data triggers hopes of more policy easing in the world’s second-largest economy.

18 Mar 2024 - 4:44PM

exclusive | Gaw Capital bets on Vietnam, Mexico and US opportunities to offset China woes

Gaw Capital Partners, one of Hong Kong’s biggest real estate private-fund management firms, is focusing on logistics in Vietnam and Mexico, as well as the AI sector bailing out distressed office assets in the US, amid challenges to an economic recovery in mainland China.

Gaw Capital Partners, one of Hong Kong’s biggest real estate private-fund management firms, is focusing on logistics in Vietnam and Mexico, as well as the AI sector bailing out distressed office assets in the US, amid challenges to an economic recovery in mainland China.

18 Mar 2024 - 11:24AM

exclusive | Janus Henderson targets Greater Bay Area, Hong Kong cash-for-residency scheme

Hong Kong will play a key role in Janus Henderson’s Asia expansion plan because the city is a portal to China, while the new investment-migration scheme will create demand for investment products, CEO Ali Dibadj says.

Hong Kong will play a key role in Janus Henderson’s Asia expansion plan because the city is a portal to China, while the new investment-migration scheme will create demand for investment products, CEO Ali Dibadj says.

18 Mar 2024 - 8:30AM

Hong Kong family offices turn to India, now a ‘prime’ investment destination

Analysts consider India a promising growth story, with significant economic expansion and an influx of capital into equities and fixed income.

Analysts consider India a promising growth story, with significant economic expansion and an influx of capital into equities and fixed income.

17 Mar 2024 - 11:30AM

Fosun unit courts investors days after reports of debt woes at parent firm

Fosun Tourism Group, the leisure and tourism unit of Chinese conglomerate Fosun International, is courting both domestic and international investors in a move that is in line with its asset-light strategy.

Fosun Tourism Group, the leisure and tourism unit of Chinese conglomerate Fosun International, is courting both domestic and international investors in a move that is in line with its asset-light strategy.

15 Mar 2024 - 8:15PM

China’s ‘broker butcher’ vows to tighten IPO rules, curb false accounting

China is tightening the screws on new domestic stock offerings, issuing four documents at once laying out some of the harshest rules, checks and penalties yet to crack down on fake accounting and restore confidence.

China is tightening the screws on new domestic stock offerings, issuing four documents at once laying out some of the harshest rules, checks and penalties yet to crack down on fake accounting and restore confidence.

15 Mar 2024 - 11:17PM

Explainer | What is wCBDC and why is it important for Hong Kong?

The HKMA’s new wholesale central bank digital currency project aims to enhance interbank settlements for tokenised money. A planned sandbox will test settlement of tokenised real-world assets.

The HKMA’s new wholesale central bank digital currency project aims to enhance interbank settlements for tokenised money. A planned sandbox will test settlement of tokenised real-world assets.

15 Mar 2024 - 12:09PM

Nio working with CATL to develop batteries with longer lifespans

The two companies aim to churn out EV batteries that can last for as long as 15 years, nearly double the current average lifespan, which could help EV users save tens of thousands of yuan, they say.

The two companies aim to churn out EV batteries that can last for as long as 15 years, nearly double the current average lifespan, which could help EV users save tens of thousands of yuan, they say.

15 Mar 2024 - 7:00AM

Hong Kong digital coin moves closer to public use with launch of phase 2 trials

The Hong Kong Monetary Authority has launched the second phase of a pilot programme to explore ‘innovative’ uses for a central bank digital currency (CBDC) for public use, five months after it unveiled the results of the first trial run.

The Hong Kong Monetary Authority has launched the second phase of a pilot programme to explore ‘innovative’ uses for a central bank digital currency (CBDC) for public use, five months after it unveiled the results of the first trial run.

14 Mar 2024 - 8:42PM

AIA’s 2023 profit jumps 15% on insurance sales to mainland visitors

AIA Group’s new sales in Hong Kong and mainland China continued to grow in the first two months of the year, indicating strong momentum from last year is carrying over in its two major markets, according to its top boss.

AIA Group’s new sales in Hong Kong and mainland China continued to grow in the first two months of the year, indicating strong momentum from last year is carrying over in its two major markets, according to its top boss.

14 Mar 2024 - 5:31PM

exclusive | JPMorgan’s faith in Hong Kong’s financial reputation unshaken 100 years on

The New York-based bank will continue to invest in Hong Kong, betting that the city where it has been doing business for a century can recover when the economic cycle turns, and live up to its potential as the financial centre of the world’s second largest economy.

The New York-based bank will continue to invest in Hong Kong, betting that the city where it has been doing business for a century can recover when the economic cycle turns, and live up to its potential as the financial centre of the world’s second largest economy.

14 Mar 2024 - 11:04AM

‘Mentality’ change driving increased spending on pets in China, Hong Kong

The pets market in mainland China has seen steady growth in recent years, driven by a shift in ‘lifestyles and mentality’ among pet owners, while Hongkongers too are more willing to increase their spending on the health and well-being of their animal friends, analysts said.

The pets market in mainland China has seen steady growth in recent years, driven by a shift in ‘lifestyles and mentality’ among pet owners, while Hongkongers too are more willing to increase their spending on the health and well-being of their animal friends, analysts said.

13 Mar 2024 - 8:25PM