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Money & Wealth

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Banking & finance
Stocks
Five-tael (190 grams or 6.65 ounces) gold bars are seen at a jewellery store in Hong Kong as China is urged to become a global gold hub as Trump’s instability spooks central banks worldwide. Photo: Reuters
Banking & finance

As France pulls gold from the US, how can China become the next global gold hub?

Federal Reserve is no longer seen as a ‘safe’ place for nations to store gold as Trump’s unpredictability spooks the world’s central banks.

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Banking & finance

Stricter Chinese scrutiny of offshore vehicles a blow for tech IPO candidates

China shipbuilding

China’s high-end yacht owners say industry growth stifled by structural gaps

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US-China relations

Open Questions | Euro, Chinese yuan to end US dollar dominance, top economist says

Kenneth Rogoff sees yuan as a reserve currency within five years, Europe asserting financial independence and greater regulation of stablecoins.

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Illustration: Henry Wong
Illustration: Henry Wong
Banking & finance

Asian private equity values cash flow as fundraising falls to 12-year low

Advanced manufacturing and healthcare attract more attention at the expense of technology, media and telecommunications, Bain & Co says.

US-China relations

US-China split on digital money deepens as stablecoin debate stalls Clarity Act

Crypto push for yield clashes with banks, slowing US legislation as China advances interest-bearing e-CNY on a different path.

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Banking & finance

Chinese banks outpace rivals in Hong Kong wealth growth, Huatai HK CEO says

Booming listings and rising outbound investment demand are accelerating growth for Chinese players, SFC data shows.

Wang Lei, CEO of Huatai Financial. Photo: Handout
Wang Lei, CEO of Huatai Financial. Photo: Handout
Biomedicine: Companies

In a first for China, Neuracle’s brain-computer interface wins approval

China’s BCI start-ups, seen as potential rivals to Elon Musk’s Neuralink, gain momentum as regulatory support and new capital fuel growth.

Two Sessions 2026

China’s central-local fiscal flows should be parent-child relationship: adviser

‘Central finance is like a father … while local governments are like children,’ tax policy expert says, affirming support for revenue-sharing reforms.

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
Two Sessions 2026

China and Hong Kong should relax biotech listing rules, venture capitalist says

Foreign investors are returning to China’s healthcare sector, but IPO bottlenecks and takeover rules could deter deals, VC Nisa Leung says.

Biotechnology was explicitly included as a “strategic emerging pillar industry” in China’s government work report during the “two sessions” Photo: Shutterstock
Biotechnology was explicitly included as a “strategic emerging pillar industry” in China’s government work report during the “two sessions” Photo: Shutterstock
Two Sessions 2026

Healthcare investors looking to ‘two sessions’ for clarity on drug pricing

Healthcare and insurance sectors will see policy fine-tuning, ‘moral support’ rather than ‘groundbreaking news’ from Beijing, analysts say.

Smartphones

Will Apple’s low-cost iPhone 17e make a splash in China’s smartphone market?

Presales for the new entry-level iPhone start on Wednesday, with a wide release set for March 11.

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
Banking & finance

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.

The collaboration with Hong Kong is expected to help Shanghai realise innovative applications in digitised cargo trade and finance. Photo: Getty Images/iStockphoto
The collaboration with Hong Kong is expected to help Shanghai realise innovative applications in digitised cargo trade and finance. Photo: Getty Images/iStockphoto
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.

Yuan

As the yuan sizzles, China’s central bank deploys double-barrelled policy tweak

Regulators refine cross-border rules and cut the foreign exchange risk reserve ratio for forward forex sales to zero, aiming to provide stable offshore liquidity and help firms manage risks.

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China stock market

China’s top court backs legal action against corrupt firms amid equity rally

The court’s initiative marks ‘a positive sign that the market would sustain its upward momentum’, hedge fund manager Zhou Ling says.

A statue of a bull is displayed outside the Shenzhen Stock Exchange. Photo: Reuters
A statue of a bull is displayed outside the Shenzhen Stock Exchange. Photo: Reuters
China consumption

China’s gold rush: why families are doubling down on precious metals

Gold is becoming more popular in China ahead of the Lunar New Year, with households viewing the asset as a safety net amid an uncertain economy.

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Made in China 2025

Capital injection: China backs AI drug makers in self-reliance drive

A wave of government-linked investment is boosting Chinese AI drug makers, underscoring Beijing’s drive to build its own biotech ecosystem.

Cryptocurrency

Scams and outflows: why China slammed the door on real-world asset tokens

Beijing’s clampdown aims to help safeguard financial security and monetary sovereignty while leaving room for regulated fintech innovation in Hong Kong.

Stablecoins represent the most widely adopted use case for real-world assets on blockchains. Photo: Shutterstock
Banking & finance

As China intensifies offshore tax hunt, exporters struggle with compliance

Beijing leverages big data and global info exchange to chase undeclared overseas wealth, with fiscal needs seen driving the push, forcing compliance across sectors.

The Yantai Port is seen in China’s Shandong province last month. For those in China’s cross-border trade business, a sweeping tax crackdown is beginning to be felt. Photo: Xinhua
The Yantai Port is seen in China’s Shandong province last month. For those in China’s cross-border trade business, a sweeping tax crackdown is beginning to be felt. Photo: Xinhua
US-China trade war

US Treasury chief warns of China’s push for digital asset dominance

Scott Bessent tells senators the US must pass the Clarity Act to counter Hong Kong’s ‘sandbox’ and maintain global financial leadership.

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IPO

Morgan Stanley sees another record year for Hong Kong IPOs as pipeline hits 450

Mainland China’s issuers will still dominate city’s IPO market, executive says, but US and Southeast Asian companies are also joining in.

China GDP

China’s financial powerhouse Shanghai aims for 5% growth, ‘global influence’

Chinese megacity ranks in the world’s five most powerful metros after New York, Tokyo and Los Angeles, with a GDP of 5.67 trillion yuan.

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People walk at the Bund by the Huangpu river with skyscrapers of the Lujiazui financial district in the background, in Shanghai. Photo: Reuters
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