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“Hong Kong has every opportunity to shape, innovate and lead,” according to the FSDC. Photo: Sam Tsang
Banking & finance

Hong Kong needs to attract global champions to broaden fundraising base: FSDC

Think tank urges the expansion of connect schemes to cover a wider range of asset classes and the promotion of digital asset trading.

IPO

Exclusive | Meet the Illinois farmer sowing the seeds of the world’s biggest IPOs of 2026

Banking & finance

CSRC vows deeper reforms to open China’s capital market and boost tech listings

Mainland China

Chinese shipyards shift focus to advanced vessels as rivals gain ground

Chinese shipbuilders accounted for 65 per cent of global orders in the first three quarters, down from nearly 75 per cent a year earlier.

A model of China’s polar research icebreaker Xuelong 2, or Snow Dragon 2, is displayed at the Marintec China exhibition at the Shanghai New International Expo Centre in Shanghai. Photo: Xinhua
A model of China’s polar research icebreaker Xuelong 2, or Snow Dragon 2, is displayed at the Marintec China exhibition at the Shanghai New International Expo Centre in Shanghai. Photo: Xinhua
Mainland China

Chinese consumer and tourism firms turn to shareholder perks to stimulate sales

Companies from Sichuan to Anhui offer discounts and free tickets to shareholders amid slowing consumption in mainland China.

Commodities

Silver surge outpaces gold on global squeeze, rising interest rate-cut hopes

White metal doubles in value this year to reach record high, outshining gold’s 60 per cent rise.

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Mainland China

Mainland Chinese miner Zijin’s founder who built US$100 billion firm retires

Chairman Chen Jinghe, 68, will become honorary chairman and senior consultant; he says it is the best time to transition to a new leadership.

Zijin Mining Group’s market value ballooned to more than US$100 billion this year for the first time. Photo: Shutterstock
Zijin Mining Group’s market value ballooned to more than US$100 billion this year for the first time. Photo: Shutterstock
IPO

Hong Kong crypto exchange HashKey wins listing nod in test of investor appetite

HashKey could raise around US$300 million this month amid Hong Kong’s push to develop its digital asset sector.

Shanghai

Shanghai launches state-owned commodities trading firm to rival Trafigura

Through Shanghai Guomao, the city aims to build a ‘new, internationalised commodity trading and investment platform’.

Banking & finance

Gold prices could hit record highs of over US$4,900 next year: forecasts

Several banks project gold prices could rise above US$4,900 per ounce in 2026, with US rate cuts and central bank buys keeping demand strong.

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Several banks have forecast that gold prices will reach record highs in 2026, as global demand continues to outpace supply. Photo: Shutterstock
Banking & finance

UBS remains bullish on Chinese tech but warns of big market swings in 2026

Swiss bank flags five major risks for next year, including economic weakness, resurgence of inflation and renewed US-China tensions.

Chinese tech stocks “are still not expensive”, according to UBS. Photo: Reuters
Chinese tech stocks “are still not expensive”, according to UBS. Photo: Reuters
Banking & finance

Investors to swap cash for gold and grain on hopes for a global rebound: UBS

UBS expects investors to rotate out of cash and into commodities in 2026, favouring energy, grain and gold on the back of expected rate cuts.

Hong Kong company reporting season

Hong Kong beverage giant Vitasoy’s revenue dips 6% as mainland China sales slow

Maker of tea drinks and soy milk says consumption potential is strong despite intensifying competition in mainland China.

Mergers & Acquisitions

BHP drops Anglo American bid again as rival rejects new proposal

BHP made the approach just weeks before shareholders from Anglo and Teck vote on a merger deal.

The logo of Anglo American is seen on a jacket of an employee at the Los Bronces copper mine in Chile. Photo: Reuters
Banking & finance

JPMorgan, DBS, Standard Chartered bosses swap deals for sneakers in charity run

Chairmen and CEOs join regulators and financiers in The Community Chest HKEX Gong Run to raise US$1.2 million.

Top bankers and regulators took part in The Community Chest HKEX Gong Run on Sunday. Photo: Jonathan Wong
Top bankers and regulators took part in The Community Chest HKEX Gong Run on Sunday. Photo: Jonathan Wong
Hong Kong stock market

Innovent, first Chinese firm to market weight-loss drug, joins Hang Seng Index

Hong Kong benchmark expands membership to 89 after the inclusion of Innovent Biologics.

China stock market

Chinese investors lose US$55 million in Japan ETFs as Tokyo ties hit new low

Beijing backlash over Sanae Takaichi’s Taiwan remarks – including an import ban and a travel warning – drags ETFs tracking Japanese stocks.

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Banking & finance

China Hongqiao to raise US$1.5 billion in Hong Kong amid aluminium boom

China’s largest private aluminium producer to sell up to 400 million shares for HK$29.20 each, representing a 9.6 per cent discount.

China Hongqiao previously raised US$300 million via convertible bonds in Hong Kong in March. Photo: Shutterstock
China Hongqiao previously raised US$300 million via convertible bonds in Hong Kong in March. Photo: Shutterstock
IPO

China’s Chuangxin rides Hong Kong IPO wave with US$707 million fundraising

Listing draws commitments from 18 domestic and international investors and highlights the city’s buoyant market.

Hong Kong Monetary Authority (HKMA)

Hong Kong’s Exchange Fund gains record US$35 billion in first 9 months

The nine-month return surpasses last year’s record of HK$239.1 billion and exceeds the full-year high of HK$264 billion reached in 2017.

Banking & finance

Hong Kong eyes stronger commodity trading role amid China’s market reforms, FSDC says

The Financial Services Development Council says a stronger physical trading base will help attract demand for derivatives and position Hong Kong as a leading hub.

The Hong Kong stock exchange offers futures contracts in gold, silver and iron ore, but trading volumes remain limited. Photo: Handout
Banking & finance

HKEX rides rising turnover and IPOs to post record profit of US$628 million

Third-quarter profit jumps 56 per cent from a year earlier to HK$4.9 billion (US$628 million), beating analysts’ estimate of HK$4.7 billion.

The HKEX has benefited from global investors switching to the relative safety of Hong Kong-listed stocks of mainland Chinese companies. Photo: Dickson Lee
The HKEX has benefited from global investors switching to the relative safety of Hong Kong-listed stocks of mainland Chinese companies. Photo: Dickson Lee
Insurance

Chinese listed companies’ earnings surge on capacity cut, tech self-sufficiency

The strong quarterly results are expected to boost a rally in Chinese stocks that has been fuelled by a shift of bank savings to risk assets.

Hong Kong economy

Swiss firm aims to help build Hong Kong as an international gold trading hub

Precious metals trader MKS PAMP joins a growing number of European firms that are expanding operations in the city.

Hong Kong stock market

Hong Kong stocks cap monthly loss as fundamentals weigh after Xi-Trump summit

Benchmark posts its first monthly loss since April as a weak manufacturing reading underscores a deflationary trend in mainland China.

Investors turn their attention back to the fundamentals after a summit between Chinese President Xi Jinping and his US counterpart Donald Trump. Photo: Xinhua
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