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Banks in Hong Kong including HSBC and Standard Chartered Bank are rolling out more products tied to the Wealth Management Connect scheme. Photo: Shutterstock
Greater Bay Area

Hong Kong’s biggest banks roll out new cross-border wealth management products

26 Feb 2024 - 5:32PM

HSBC, Standard Chartered and Hang Seng Bank are rolling out more products tied to the Wealth Management Connect scheme amid a drive by Beijing to boost the Greater Bay Area’s financial markets.

Banks in Hong Kong including HSBC and Standard Chartered Bank are rolling out more products tied to the Wealth Management Connect scheme. Photo: Shutterstock

Hong Kong’s biggest banks roll out new cross-border wealth management products

HSBC, Standard Chartered and Hang Seng Bank are rolling out more products tied to the Wealth Management Connect scheme amid a drive by Beijing to boost the Greater Bay Area’s financial markets.

26 Feb 2024 - 5:32PM

Rate cuts, China recovery to boost Hong Kong stocks in dragon year: Paul Chan

‘Hong Kong stocks posted positive returns in the past four Years of the Dragon,’ finance chief Paul Chan said on the first trading day of Lunar New Year, citing China’s improving economy and potential rate cuts as possible catalysts.

14 Feb 2024 - 5:56PM

Bitcoin hits US$50,000 for first time in 2 years as ETF approval drives demand

Bitcoin jumped to US$50,000 for the first time in more than two years, staging a remarkable comeback from a series of cryptocurrency industry scandals and bankruptcies that had raised questions about the viability of digital assets.

13 Feb 2024 - 10:53AM
Hong Kong’s financial leaders greeted the Year of the Dragon with fanfare, optimistic that the auspicious zodiac sign will breathe some fire – or at least some life – into the city’s beaten down stock market. Photo: Jonathan Wong

Rate cuts, China recovery to boost Hong Kong stocks in dragon year: Paul Chan

‘Hong Kong stocks posted positive returns in the past four Years of the Dragon,’ finance chief Paul Chan said on the first trading day of Lunar New Year, citing China’s improving economy and potential rate cuts as possible catalysts.

14 Feb 2024 - 5:56PM
Bitcoin

Bitcoin hits US$50,000 for first time in 2 years as ETF approval drives demand

Bitcoin jumped to US$50,000 for the first time in more than two years, staging a remarkable comeback from a series of cryptocurrency industry scandals and bankruptcies that had raised questions about the viability of digital assets.

Bitcoin jumped to US$50,000 for the first time in more than two years, staging a remarkable comeback from a series of cryptocurrency industry scandals and bankruptcies that had raised questions about the viability of digital assets.

13 Feb 2024 - 10:53AM
Donald Trump

China currency traders grow anxious at prospect of Trump White House return

With the former president seemingly a lock for the Republican nomination, investors are preparing for a possible return to the days of the US-China trade war which steamrollered the yuan during his term in office

With the former president seemingly a lock for the Republican nomination, investors are preparing for a possible return to the days of the US-China trade war which steamrollered the yuan during his term in office

11 Feb 2024 - 2:40PM

China property defaults won’t stop banks lending to troubled developers: Goldman

China’s property downturn and recent slew of defaults are unlikely to rattle overseas creditors or deter domestic banks from channelling resources towards cash-strapped developers, according to the American investment bank.

8 Feb 2024 - 7:30AM
China property defaults won’t stop banks lending to troubled developers: Goldman

Global funds, Wall Street snub China for India in a historic markets shift

‘People are interested in India for several reasons, one is simply it’s not China,’ says Vikas Pershad, a money manager at M&G Investments in Singapore. ‘There’s a genuine long-term growth story here.’

6 Feb 2024 - 4:32PM
Global funds, Wall Street snub China for India in a historic markets shift

China currency traders grow anxious at prospect of Trump White House return

With the former president seemingly a lock for the Republican nomination, investors are preparing for a possible return to the days of the US-China trade war which steamrollered the yuan during his term in office

11 Feb 2024 - 2:40PM

China property defaults won’t stop banks lending to troubled developers: Goldman

China’s property downturn and recent slew of defaults are unlikely to rattle overseas creditors or deter domestic banks from channelling resources towards cash-strapped developers, according to the American investment bank.

8 Feb 2024 - 7:30AM

Global funds, Wall Street snub China for India in a historic markets shift

‘People are interested in India for several reasons, one is simply it’s not China,’ says Vikas Pershad, a money manager at M&G Investments in Singapore. ‘There’s a genuine long-term growth story here.’

6 Feb 2024 - 4:32PM
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The HSI showed a high correlation with housing prices over the longer term, its moves preceding those of house prices by three to six months, says Wong. Photo: AP

Concrete Analysis | Do stock prices, unemployment presage a housing market crash?

Martin Wong of Knight Frank looks at data correlating major movements in the Hang Seng Index and unemployment rate with those in Hong Kong’s home prices.

3 Nov 2020 - 7:11PM

Concrete Analysis | Why Hibor-linked mortgage hikes won’t tame Hong Kong’s property market

Raising the mortgage cap from 2.375 per cent to 2.625 per cent will result in a HK$520 increase in monthly payments on average, which is unlikely to deter prospective buyers, says Raymond Chong of StarPro Agency

Raising the mortgage cap from 2.375 per cent to 2.625 per cent will result in a HK$520 increase in monthly payments on average, which is unlikely to deter prospective buyers, says Raymond Chong of StarPro Agency

25 Sep 2019 - 2:19PM
Why Hibor-linked mortgage hikes won’t tame Hong Kong’s property market

Concrete Analysis | How to make the best use of cash rebates on mortgage transfers

Banks led by HSBC are cutting the money back offers on mortgage refinancing as lenders look to restore their profit margin amid fierce competition.

Banks led by HSBC are cutting the money back offers on mortgage refinancing as lenders look to restore their profit margin amid fierce competition.

16 Jul 2019 - 6:49PM
How to make the best use of cash rebates on mortgage transfers

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