https://www.scmp.com/rss/20873/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Julie Zhang Julie Zhang In the Capital Connectors series, exclusive interviews with six influential Chinese and global bankers reveal the opportunities and challenges for Hong Kong in its evolution as an international financial hub. When Thai coconut water brand IFBH raised HK$1.16 billion (US$149 million) through a stock offering in Hong Kong in June, Li Chunbo, chairman and CEO of the deal’s sole sponsor Citic Securities International, saw it as more than just another listing from Southeast Asia. The world’s... https://www.scmp.com/business/banking-finance/article/3328010/hong-kong-markets-connector-role-not-just-mainland-china-citic-boss-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328010/hong-kong-markets-connector-role-not-just-mainland-china-citic-boss-says?utm_source=rss_feed Tue, 07 Oct 2025 00:30:08 +0000 Some fund managers are turning bullish on Chinese equities amid expectations that Beijing will implement more policy support and open liquidity to prop up the slowing economy, which will have a “multiplier effect on boosting consumption”. China is one of the few bright spots in the world now, with low inflation making room for more liquidity and policy support a key reason for turning overweight on Chinese stocks from neutral, said Abel Lim, head of wealth management advisory and strategy at... https://www.scmp.com/business/markets/article/3189309/singapores-uob-sees-chinese-stocks-outperforming-second-half?utm_source=rss_feed https://www.scmp.com/business/markets/article/3189309/singapores-uob-sees-chinese-stocks-outperforming-second-half?utm_source=rss_feed Thu, 18 Aug 2022 05:10:22 +0000 As Covid-19 cases wane and China seeks to reopen parts of its productive capacity, some local investors are wary of getting carried away by a rebound in sentiment, as Beijing’s zero-Covid policy continues to put stock-market predictions at risk. Goldman Sachs’ mainland clients, including asset managers, private-equity funds and hedge funds, are generally bearish on the state of the local economy, the US bank said in a May 29 report outlining several key points from its survey this month. “While... https://www.scmp.com/business/markets/article/3179848/china-restarts-economy-firms-ubs-fidelity-axa-step-stock-recovery?utm_source=rss_feed https://www.scmp.com/business/markets/article/3179848/china-restarts-economy-firms-ubs-fidelity-axa-step-stock-recovery?utm_source=rss_feed Tue, 31 May 2022 08:00:13 +0000 China’s economy is shrinking fast, according to the latest manufacturing and consumption indicators. With Beijing dallying on more powerful stimulus, some global funds have turned their back on local stocks after a US$2.2 trillion rout in the mainland and Hong Kong bourses last quarter. Is it time for China to unleash its policy-easing bazooka to rescue long-suffering investors at home and abroad? Not this time, according to Norman Villamin, who oversees US$131 billion of client assets as chief... https://www.scmp.com/business/markets/article/3176262/china-readying-policy-bazooka-rescue-stock-investors-not-time?utm_source=rss_feed https://www.scmp.com/business/markets/article/3176262/china-readying-policy-bazooka-rescue-stock-investors-not-time?utm_source=rss_feed Mon, 02 May 2022 23:30:22 +0000 China’s policy-easing measures will need to go the distance to revive credit for businesses, before investors commit more money to the local stock market, according to US-based money manager Wang Lei. While two key rounds of liquidity injection and lower borrowing costs since December have reinforced expectations for more, the market remains tentative. The CSI 300 Index has lost 7.6 per cent so far this year as it slipped into bear territory for the first time since the US-China trade war broke... https://www.scmp.com/business/markets/article/3165985/chinas-stock-market-lacking-one-major-ingredient-rebound-bear?utm_source=rss_feed https://www.scmp.com/business/markets/article/3165985/chinas-stock-market-lacking-one-major-ingredient-rebound-bear?utm_source=rss_feed Sun, 06 Feb 2022 23:30:16 +0000 Hong Kong and Shanghai stocks closed higher for the sixth consecutive session on Monday, amid a general sense of caution as investors looked ahead to the gathering of world leaders at the G20 Summit in Osaka from Friday. The US-China trade negotiations are expected to resume, with presidents Xi Jinping and Donald Trump planning to meet on the sidelines of the summit. The Hang Seng Index closed up 0.14 per cent, or 39.29 points higher at 28,513, led up by property stocks, bolstered by... https://www.scmp.com/business/money/money-news/article/3015886/hong-kong-shanghai-indexes-end-higher-sixth-straight-day?utm_source=rss_feed https://www.scmp.com/business/money/money-news/article/3015886/hong-kong-shanghai-indexes-end-higher-sixth-straight-day?utm_source=rss_feed Mon, 24 Jun 2019 12:18:48 +0000 Worries about the US-China trade war and global growth kept gains in check on the Hong Kong and mainland stock markets on Thursday. The Hang Seng Index closed up 0.42 per cent, to 27,120.98, while the Hang Seng China Enterprises Index gained 0.56 per cent, to 10,691.00. On the mainland, the Shanghai Composite was up 0.41 per cent, to 2,591.69, and the CSI 300 rose 0.56 per cent, to 3,158.78. Shanghai’s hotly anticipated tech board vital to China’s global financial ambitions, says top... https://www.scmp.com/business/markets/article/2183428/worries-about-trade-global-growth-keep-early-gains-check-hong-kong?utm_source=rss_feed https://www.scmp.com/business/markets/article/2183428/worries-about-trade-global-growth-keep-early-gains-check-hong-kong?utm_source=rss_feed Thu, 24 Jan 2019 03:20:46 +0000 Hong Kong stocks closed moderately higher on Friday in a session dominated by news that Chinese officials will resume new game approvals, lifting tech giant Tencent Holdings, even as the index ended lower for the week. The Hang Seng Index rose 129.89 points during the session, advancing 0.5 per cent, to 25,753.42. The index reversed from a deficit of more than 300 points in the morning session, although only 20 constituent Hang Seng stocks gained, while 30 ended in negative territory. For the... https://www.scmp.com/business/money/money-news/article/2179164/hong-kong-stocks-buoyed-tencent-hang-seng-ends-lower?utm_source=rss_feed https://www.scmp.com/business/money/money-news/article/2179164/hong-kong-stocks-buoyed-tencent-hang-seng-ends-lower?utm_source=rss_feed Fri, 21 Dec 2018 12:36:13 +0000 Hong Kong stocks ended lower on Monday, dragged by a sell-off of internet giant Tencent as well as mainland property and carmaker shares, while expectations of infrastructure investment provided some support. The Hang Seng Index edged down 0.3 per cent, or 71.15 points, to 28,733.13. The Hang Seng China Enterprises Index was little changed at 11,046.32. In mainland China, the Shanghai Composite Index ended down 0.2 per cent at 2,869.05. “The tumble in US stocks had a negative impact on Hong Kong... https://www.scmp.com/business/markets/article/2157506/hong-kong-stocks-end-slightly-lower-dragged-tencent-and-mainland?utm_source=rss_feed https://www.scmp.com/business/markets/article/2157506/hong-kong-stocks-end-slightly-lower-dragged-tencent-and-mainland?utm_source=rss_feed Mon, 30 Jul 2018 10:12:30 +0000 The deepening trade dispute between the United States and China could mark a “turning point in history”, ending the system of global trade that brought low-cost goods to consumers and fuelled the rise of the Chinese mainland and other emerging markets in just a few decades, according to noted economist and author Richard Duncan. Bangkok-based Duncan believes the US$50 billion of Chinese products designated for 25 per cent tariffs by the Trump administration – in addition to a proposed 10 per... https://www.scmp.com/business/companies/article/2156751/podcast-deconstructing-trumps-tariffs-turning-point-history-and?utm_source=rss_feed https://www.scmp.com/business/companies/article/2156751/podcast-deconstructing-trumps-tariffs-turning-point-history-and?utm_source=rss_feed Wed, 25 Jul 2018 04:39:48 +0000 Shares in Chinese solar panel maker Irico Group New Energy rose by the most in four months on Friday, outperforming the broader market and the renewables energy sector, after the company said it expected a surge in net profit for the six months to June. The Shaanxi-based, state-owned company said after the market had closed on Thursday that net profit was expected to be between 179 million yuan and 195 million yuan (US$26.8 million to US$29.2 million) for the period, an increase of between 483... https://www.scmp.com/business/money/stock-talk/article/2155105/chinese-solar-panel-maker-iricos-shares-surge-it-forecasts?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/2155105/chinese-solar-panel-maker-iricos-shares-surge-it-forecasts?utm_source=rss_feed Fri, 13 Jul 2018 04:32:33 +0000 China’s central bank said on Tuesday it would remove key barriers to the bond connect scheme in the coming months, making it easier for foreign investors to buy onshore yuan-denominated bonds. The People’s Bank of China (PBOC) vice-governor Pan Gongsheng was quoted as saying in Hong Kong that enhancements to the scheme would include same-day bond delivery versus payment (DVP) in August, block trading to be launched in mid-July, and tax clarification on the horizon, according to local media... https://www.scmp.com/business/money/stock-talk/article/2153626/chinas-central-bank-scrap-barriers-connect-scheme-draw?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/2153626/chinas-central-bank-scrap-barriers-connect-scheme-draw?utm_source=rss_feed Tue, 03 Jul 2018 11:16:33 +0000 A unit of Evergrande Group has injected capital into struggling electric car manufacturer Faraday Future, effectively taking control of the company formerly owned by troubled entrepreneur Jia Yueting, according to a stock exchange filing on Monday. Evergrande Health Industry Group, the Hong Kong-listed unit of Evergrande Group, has agreed to acquire Season Smart for HK$6.7 billion (US$853.85 million), the company said in a filing to the Hong Kong stock exchange on Monday afternoon. Last year... https://www.scmp.com/business/companies/article/2152405/evergrande-pays-us85385-million-stake-troubled-electric-vehicle?utm_source=rss_feed https://www.scmp.com/business/companies/article/2152405/evergrande-pays-us85385-million-stake-troubled-electric-vehicle?utm_source=rss_feed Mon, 25 Jun 2018 12:50:15 +0000 A top-performing fund manager from global asset management firm Matthews Asia refrained from cutting holdings of Chinese stocks amid a sell-off on Tuesday that sent the benchmark gauge to an almost two-year low, calling the escalating trade friction “macro noise”. Andrew Mattock, a portfolio manager whose oversees the firm’s China Strategy fund that has beaten 93 per cent of peers over the past year, said he is sticking with a portfolio of Chinese consumer stocks from online retailers to life... https://www.scmp.com/business/china-business/article/2151648/tariff-thing-no-backbreaker-matthews-asia-fund-manager-views?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2151648/tariff-thing-no-backbreaker-matthews-asia-fund-manager-views?utm_source=rss_feed Wed, 20 Jun 2018 22:01:22 +0000 Shares in Apple-related firms traded in Hong Kong and China climbed on Tuesday after the US tech giant soared to a record high overnight, due to strong investor reaction to a range of new software features revealed at its annual Worldwide Developer Conference On Monday, its software chief Craig Federighi unveiled the latest operating system iOS 12 at the conference in San Jose, for instance, which focuses on speed and parental controls in software upgrades, putting data privacy and smartphone... https://www.scmp.com/business/money/stock-talk/article/2149334/apple-linked-shares-gain-after-it-unveils-features-aimed?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/2149334/apple-linked-shares-gain-after-it-unveils-features-aimed?utm_source=rss_feed Tue, 05 Jun 2018 07:13:05 +0000 Georgina Lee Georgina Lee Pundi X, a start-up that is looking to build an offline cryptocurrency sales network, has begun deploying its payment point-of-sales (POS) devices in Indonesia, betting that the central bank will renounce their current opposition against cryptocurrencies in as soon as three years. The company, which wants to establish itself as the “Walmart or 7-Eleven of cryptocurrency”, said it has already received pre-orders for its POS device from Indonesia, and other countries such as South Korea, Japan,... https://www.scmp.com/business/companies/article/2149052/pundi-x-readies-indonesian-crypto-payment-business?utm_source=rss_feed https://www.scmp.com/business/companies/article/2149052/pundi-x-readies-indonesian-crypto-payment-business?utm_source=rss_feed Mon, 04 Jun 2018 00:02:20 +0000 Winning an arbitration is a major milestone in the dispute resolution process for a company, but enforcing the award – especially against a state entity in the host nations covered by the Belt and Road Initiative – is often where the bigger challenge lies.  “Enforcement varies from state to state, but in general it has improved in Asia,” said James Kwan, a Hong Kong-based international arbitration partner at international law firm Hogan Lovells. “Judges are getting more sophisticated with... https://www.scmp.com/business/companies/article/2148818/arbitration-case-win-can-be-just-part-long-legal-journey-when-it?utm_source=rss_feed https://www.scmp.com/business/companies/article/2148818/arbitration-case-win-can-be-just-part-long-legal-journey-when-it?utm_source=rss_feed Sun, 03 Jun 2018 04:01:27 +0000 Hong Kong stocks closed a choppy session in the black on Monday, as gains in oil stocks, prompted by soaring crude prices, outweighed ongoing concerns that little progress had been made in trade talks between the US and China. The Hang Seng Index swung between gains and losses, before ending up 0.2 per cent, or 67.76 points, at 29,994.26. The Hang Seng China Enterprises Index, known as the H-shares index, rose 0.6 per cent, or 75.79 points, to 11,966.41. CNOOC, China’s largest offshore oil... https://www.scmp.com/business/money/stock-talk/article/2144929/futures-signal-higher-market-open-hong-kong-after-wall?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/2144929/futures-signal-higher-market-open-hong-kong-after-wall?utm_source=rss_feed Mon, 07 May 2018 01:16:23 +0000 China’s top ranked brokerage company Citic Securities reported net profit increased by 10 per cent to 11.4 billion yuan (US$1.8 billion) for 2017, even as business conditions were adversely affected by a price war among competitors and as turnover on the A-share market declined by 12 per cent on year. “Competition for the year of 2018 will still be tough and uncertainties remain for business outlook,” said Zhang Youjun, chairman of Citic Securities on Friday in Hong Kong. He said the company... https://www.scmp.com/business/companies/article/2138595/citic-securities-net-profit-climbs-10pc-chairman-voices-support?utm_source=rss_feed https://www.scmp.com/business/companies/article/2138595/citic-securities-net-profit-climbs-10pc-chairman-voices-support?utm_source=rss_feed Fri, 23 Mar 2018 06:29:53 +0000 Hong Kong and mainland China’s small business operators are more willing to invest and make use of technologies in their operations than Singapore and Australia, a strategy that helps them to achieve better growth, according to a survey of CPA Australia.  Mainland Chinese SMEs ranked top with 84 per cent of respondents saying they earned more than 10 per cent of their revenue from digital payment. Vietnam ranked second at 62 per cent while Hong Kong ranked third at 55 per cent, according to the... https://www.scmp.com/business/companies/article/2138019/small-companies-hong-kong-china-rank-top-class-using-technology?utm_source=rss_feed https://www.scmp.com/business/companies/article/2138019/small-companies-hong-kong-china-rank-top-class-using-technology?utm_source=rss_feed Tue, 20 Mar 2018 08:02:08 +0000 Geopolitical considerations can often allow double standards to emerge which end up being reflected in markets. In that vein, while US President Donald Trump talks the talk on China, the White House has little to say about Japan where the local monetary policy settings still lend themselves to a relatively weak yen. Given that Trump last week characterised China as a rival of the US, there’s a big element of Sino/US geopolitics at play. Yet, from the narrow perspective of the currency market the... https://www.scmp.com/business/companies/article/2132245/hang-how-come-president-trump-doesnt-make-bid-deal-about-japanese?utm_source=rss_feed https://www.scmp.com/business/companies/article/2132245/hang-how-come-president-trump-doesnt-make-bid-deal-about-japanese?utm_source=rss_feed Tue, 06 Feb 2018 08:00:00 +0000 The People’s Bank of China has ordered financial institutions to stop providing banking or funding to any activity related to cryptocurrencies, further tightening the noose since its shutdown of crypto exchanges last September sent digital currency enthusiasts fleeing overseas. “Every bank and branch must carry out self-inspection and rectification, starting from today,” according to a document issued by the central bank on Wednesday. “Service for cryptocurrency trading is strictly prohibited.... https://www.scmp.com/business/banking-finance/article/2129645/pboc-orders-banks-halt-banking-services-cryptocurrency?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2129645/pboc-orders-banks-halt-banking-services-cryptocurrency?utm_source=rss_feed Fri, 19 Jan 2018 04:15:15 +0000 Among even the most contrarian of investors, there’s a grudging acceptance that the fundamental, valuation and technical architecture framing Asia’s current bull market is broadly sustainable, at least for the next quarter or two. Indeed, standing in front of price momentum year to date, particularly in North Asia, has been like standing in front of a train. Bears have been crushed. In my pre-Christmas column, I suggested a number of reasons why I felt markets could - and should - continue to... https://www.scmp.com/business/banking-finance/article/2129626/make-hay-and-hedge-while-sun-shines-our-markets-change-may?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2129626/make-hay-and-hedge-while-sun-shines-our-markets-change-may?utm_source=rss_feed Fri, 19 Jan 2018 02:26:58 +0000 A modest pullback over at the tail end of the year should not obscure the fact that global equities in general and Asian equities in particular delivered an outstanding performance in 2017. According to the MSCI family of indexes, as of mid-December 2017, the US had posted returns of around 19 per cent, Latin America 16 per cent, Eastern Europe 11 per cent, and Europe 8 per cent. Conversely, the MSCI Asia ex-Japan Index (MXASJ) posted a mighty 35 per cent rally during the year, making an... https://www.scmp.com/business/investor-relations/article/2125399/after-such-blockbuster-year-can-asian-stocks-do-it-again?utm_source=rss_feed https://www.scmp.com/business/investor-relations/article/2125399/after-such-blockbuster-year-can-asian-stocks-do-it-again?utm_source=rss_feed Fri, 22 Dec 2017 05:05:27 +0000 The central question that private bankers ask their clients is: “What does your money mean to you?” It’s a fundamental moral issue at all levels of wealth. Revealing answers range from the odious (controlling the lives of your family members) to the visionary (saving the world). Eventually, bankers say, new wealth enjoys the luxury lifestyle for about five years before they start looking for some purpose in their lives. New and old Asian wealth have confused and conflated the meaning of charity... https://www.scmp.com/business/article/2124215/look-closer-and-youll-see-charitable-foundations-are-often-not-about-giving?utm_source=rss_feed https://www.scmp.com/business/article/2124215/look-closer-and-youll-see-charitable-foundations-are-often-not-about-giving?utm_source=rss_feed Thu, 14 Dec 2017 00:01:31 +0000 Hong Kong’s markets rose for a second day on Friday as investors continued to seek bargains in tech and insurance stocks. Mainland markets also ended higher following better-than-expected China trade data, which eased fears over a slowing economy because of the crackdown on financial risks and factory pollution. The Hang Seng Index rose 1.2 per cent, or 336.66 points, to 28,639.85 although it still posted its biggest weekly loss in four months. The Hang Seng China Enterprises Index gained 1.3... https://www.scmp.com/business/companies/article/2123409/hong-kong-stocks-headed-bullish-start-after-us-stocks-set-upbeat?utm_source=rss_feed https://www.scmp.com/business/companies/article/2123409/hong-kong-stocks-headed-bullish-start-after-us-stocks-set-upbeat?utm_source=rss_feed Fri, 08 Dec 2017 01:15:00 +0000 Zeal Asset Management has adopted the use of a new online platform to raise brand recognition and accumulate fund flows for a foray into China’s huge asset management industry, according to chief executive officer Franco NganWai Wah. The privately owned Hong Kong investment manager, created in 2009, Zeal provides services to investors globally, including family offices, financial institutions, endowments, foundations, pension funds and individual investors. The firm launches and manages hedge... https://www.scmp.com/business/money/stock-talk/article/2120554/zeal-asset-management-goes-digital-effort-grow-chinese?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/2120554/zeal-asset-management-goes-digital-effort-grow-chinese?utm_source=rss_feed Sun, 19 Nov 2017 08:15:45 +0000 The Securities and Futures Commission issued new guidelines on Friday requiring those licensed to trade in securities or futures on the internet to take steps to improve their cybersecurity. The 20 rules include the obligation to set up two factor authentication for their clients to log in to their internet trading accounts. Two factor authentication uses two of “what a client knows”, “what a client has”, or “who a client is” to improve security of the logging in process. “Robust preventive and... https://www.scmp.com/business/article/2117363/sfc-orders-tighter-safeguards-stop-hackers-invading-online-trading-accounts?utm_source=rss_feed https://www.scmp.com/business/article/2117363/sfc-orders-tighter-safeguards-stop-hackers-invading-online-trading-accounts?utm_source=rss_feed Fri, 27 Oct 2017 13:52:19 +0000 Imagine your office across a big park, besides a river and next to an MTR station in the heart of the city. Nan Fung Development has envisioned something similar with its commercial site in the Kai Tak area, which promises to be a unique selling point in the city’s next central business district, and something which is currently not on offer in Central. “Our site is situated beside the Kai Tak River, next to the proposed Kai Tak MTR station and across from a big garden. Together with nearby... https://www.scmp.com/property/hong-kong-china/article/2113708/nan-fung-developments-kai-tak-project-targets-start-ups-and?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2113708/nan-fung-developments-kai-tak-project-targets-start-ups-and?utm_source=rss_feed Tue, 03 Oct 2017 04:00:31 +0000 A top adviser to the Hong Kong government has warned that opposition lawmakers threatened the prospects of the city’s financial services industry if they refused to approve funding for the Financial Services Development Council SCMP, September 23 Trawl your way though the long list of government websites and eventually you come across something called the Productivity Council, created 50 years ago to help the manufacturing industries on which we then crucially relied. Manufacturing in Hong Kong... https://www.scmp.com/business/companies/article/2113076/does-hong-kong-really-need-so-many-obscure-and-antiquated?utm_source=rss_feed https://www.scmp.com/business/companies/article/2113076/does-hong-kong-really-need-so-many-obscure-and-antiquated?utm_source=rss_feed Wed, 27 Sep 2017 08:45:00 +0000 Citi, the US banking giant, is set to redeploy some of its mainland staff to countries linked with the Belt and Road Initiative, and hire at least 25 more staff in its regional operations outside of China, to cope with an expected rise in business related to the economic plan. Several foreign banks are rethinking their strategies, as contracts and agreements start being generated by the Belt and Road – President Xi Jinping’s flagship scheme to drive greater trade into emerging Asia and... https://www.scmp.com/business/companies/article/2112706/citi-hire-25-new-china-savvy-bankers-along-belt-and-road?utm_source=rss_feed https://www.scmp.com/business/companies/article/2112706/citi-hire-25-new-china-savvy-bankers-along-belt-and-road?utm_source=rss_feed Mon, 25 Sep 2017 05:45:00 +0000 Hong Kong Exchanges and Clearing on Friday released two separate consultation papers on proposed rules changes involving capital raisings, delisting and other issues in an effort to improve market quality. The consultation papers have invited the public to respond by November 24. The Shenzhen Stock Exchange had warned mainland investors about “scam shares” or “con shares” listed in Hong Kong where the local market does not have an effective delisting mechanism to remove poor quality... https://www.scmp.com/business/companies/article/2112488/hkex-lays-out-proposals-accelerate-delistings-curb-share-issuance?utm_source=rss_feed https://www.scmp.com/business/companies/article/2112488/hkex-lays-out-proposals-accelerate-delistings-curb-share-issuance?utm_source=rss_feed Fri, 22 Sep 2017 15:45:03 +0000 For US$1,500, you will rent three times more space in Shanghai than in Los Angeles, according to the latest research by RENTCafé, a division of Yardi Systems. The study is based on the Global Power City Index (GPCI) 2016 report, issued by the Institute for Urban Strategies (IUS) at the Mori Memorial Foundation. The GPCI report has ranked the world’s 30 most attractive cities, based on economy, research and development, cultural interaction, livability, environment, and accessibility. The... https://www.scmp.com/property/hong-kong-china/article/2112086/shanghai-pips-la-us1500-rental-benchmark?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2112086/shanghai-pips-la-us1500-rental-benchmark?utm_source=rss_feed Wed, 20 Sep 2017 23:31:56 +0000 China’s bigger companies, the darling stocks for traders this year, are making a shaky start into September. A measure of the 50 biggest companies on the Shanghai Stock Exchange has dropped 0.8 per cent so far in September, while the benchmark Shanghai Composite Index and the ChiNext gauge of smaller firms have both notched up gains in the period. An 18 per cent advance on the SSE 50 Index this year has made valuations less attractive. Another risk is the corporate earnings outlook may turn... https://www.scmp.com/business/china-business/article/2110974/chinas-large-cap-share-rally-shows-signs-faltering?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2110974/chinas-large-cap-share-rally-shows-signs-faltering?utm_source=rss_feed Wed, 13 Sep 2017 05:42:13 +0000 It may not feel like it, but fear is beginning to creep back into financial markets. While the benchmark S&P 500 equity index stands only slightly below its record high set earlier this month and the closely watched Vix index - Wall Street’s so-called “fear gauge” which measures the anticipated level of volatility in the S&P 500 - is just a few points above its historical low, there are signs that international investors are starting to fret about a sharp fall in asset prices. While there have... https://www.scmp.com/business/article/2108534/fear-begins-creep-back-financial-markets-trump-taking-centre-stage?utm_source=rss_feed https://www.scmp.com/business/article/2108534/fear-begins-creep-back-financial-markets-trump-taking-centre-stage?utm_source=rss_feed Mon, 28 Aug 2017 01:38:27 +0000 Boston Consulting Group, one of the world’s top business advisory and consulting groups, is tipping state-owned multi-business conglomerates as solid, future long-term bets. Based on a study of 380 listed Chinese conglomerates, or their listed subsidiaries, the firm found state-owned conglomerates’ total shareholder returns (TSR) over a ten-year period (2006-15) actually beat their western and Japanese counterparts. TSR combines share price appreciation and dividends paid to show the total... https://www.scmp.com/business/investor-relations/article/2107049/bet-chinese-state-owned-conglomerates-says-boston?utm_source=rss_feed https://www.scmp.com/business/investor-relations/article/2107049/bet-chinese-state-owned-conglomerates-says-boston?utm_source=rss_feed Wed, 16 Aug 2017 08:35:58 +0000 When it comes to property investing, the most important variable to keep in mind is timing, even as intangibles such as the government’s ability to apply cooling measures have complicated the task, according to Vivien Chan, founder and chairman of V Group. Chan, who is also the former chairman of Estate Agents Authority, said investors can benefit from sensing when the government will lean against what they perceive as an overheated property market by applying cooling measures such as a special... https://www.scmp.com/property/hong-kong-china/article/2103977/vivien-chan-queen-service-apartments-says-timing-key?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2103977/vivien-chan-queen-service-apartments-says-timing-key?utm_source=rss_feed Tue, 25 Jul 2017 03:55:13 +0000 Li Ka-shing’s multinational Power Assets Group surged 10.6 per cent to HK$75.40 on Friday, in its biggest gain since at least July 1997, after reporting a share dividend payment of HK$8.27. That payment comprises a HK$0.77 per interim dividend and a HK$7.50 per share one-off special interim dividend to address shareholder expectations while keeping in view it’s financial capacity for future acquisitions, chairman Canning Fok Kin-ning said in a stock exchange filing after the market close on... https://www.scmp.com/business/money/stock-talk/article/2103542/power-assets-announced-special-dividend-payment-shares-gap?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/2103542/power-assets-announced-special-dividend-payment-shares-gap?utm_source=rss_feed Fri, 21 Jul 2017 02:45:15 +0000 Chinese buying of US residential property hit a record high of US$31.7 billion in 2016, up at least US$4 billion, according to the country’s National Association of Realtors (NAR). Released on Tuesday, its 2017 Profile of International Activity in U.S. Residential Real Estate, found that between April 2016 and March 2017, China maintained its top position in terms of dollar sales for the fourth straight year. That US$31.7 billion is up from last year’s US$27.3 billion but down slightly on 2015’s... https://www.scmp.com/property/hong-kong-china/article/2103314/chinese-buying-us-residential-property-hits-record-high?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2103314/chinese-buying-us-residential-property-hits-record-high?utm_source=rss_feed Wed, 19 Jul 2017 14:01:19 +0000 Champion Reit, the real estate investment trust controlled by the Hong Kong family behind Great Eagle Holdings, is offering its office tower at Langham Place in Mongkok for sale with an estimated price of HK$26 billion (US$3.33 billion). The landlord is targeting mainland buyers, according to property consultant Savills. Langham Place Office Tower, which is the second highest commercial building in Kowloon, is under global tender sale by Savills, as appointed by owner Champion Reit. China Life... https://www.scmp.com/business/companies/article/2102998/champion-reit-offers-sell-office-tower-langham-place-hk26-billion?utm_source=rss_feed https://www.scmp.com/business/companies/article/2102998/champion-reit-offers-sell-office-tower-langham-place-hk26-billion?utm_source=rss_feed Mon, 17 Jul 2017 12:55:33 +0000 A reliable legal system that supports fair and timely enforcement of creditor claims against borrowers and collateral forms the backbone of any market-based financial system. This requirement is put to the ultimate test in the distressed industry, where large portfolios of non-performing loans are sold, and buyers won’t attribute value to them unless they are legally enforceable. When China opened to foreign investments in the early 1980s, the legal system was largely a blank slate, as few... https://www.scmp.com/business/banking-finance/article/2100680/chinas-legal-system-came-long-way-enforcing-creditor-claims?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2100680/chinas-legal-system-came-long-way-enforcing-creditor-claims?utm_source=rss_feed Mon, 03 Jul 2017 07:52:24 +0000 As LinkedIn’s head of recruiting, Brendan Browne is in charge of bringing the best talent to a company dedicated to helping match employers and employees. Since joining LinkedIn in 2010, Browne has found two recurring mistakes that hiring managers make, he told Business Insider. They’re applicable to managers at any company. They set unrealistic expectations. Browne said that it’s part of his job as LinkedIn’s head recruiter to help hiring managers understand what talent is out there. He needs... https://www.scmp.com/business/money/expert-qa/article/2062477/linkedins-head-recruiting-says-these-are-2-most-common?utm_source=rss_feed https://www.scmp.com/business/money/expert-qa/article/2062477/linkedins-head-recruiting-says-these-are-2-most-common?utm_source=rss_feed Mon, 16 Jan 2017 04:30:15 +0000 China’s securities regulator will implement the much-anticipated Shenzhen-Hong Kong Stock Connect programme by the middle or final week of November, allowing overseas investors to own yuan-denominated shares on the Shenzhen bourse, and letting more Chinese own Hong Kong shares. Technical preparation for the programme is underway, said Qi Bin, the China Securities Regulatory Commission’s international cooperation director Qi Bin said at a media briefing in Beijing. The imminent programme raises... https://www.scmp.com/business/money/expert-qa/article/2011291/csrcs-official-says-shenzhen-hong-kong-connect-will-start?utm_source=rss_feed https://www.scmp.com/business/money/expert-qa/article/2011291/csrcs-official-says-shenzhen-hong-kong-connect-will-start?utm_source=rss_feed Tue, 30 Aug 2016 10:55:54 +0000 On the strength of its dollar, Hong Kong has surpassed Shanghai to become the second most expensive city in Asia Pacific, trailing only Tokyo, according to a survey comparing the cost of living worldwide. SCMP, June 9 The official write-up of this survey included two words we missed in our report – “for expatriates”. We did, however, pick up the survey words “... accommodation ... not included ...” Nor were utilities, car purchases and school fees. Oh, well. You know. I do not recognise the... https://www.scmp.com/business/money/expert-qa/article/1974504/delve-deeper-find-hong-kongs-true-cost-living?utm_source=rss_feed https://www.scmp.com/business/money/expert-qa/article/1974504/delve-deeper-find-hong-kongs-true-cost-living?utm_source=rss_feed Mon, 13 Jun 2016 09:33:09 +0000 Life is a lottery. Why bother with financial planning? Life is a lottery and, even for the most controlling, mostly beyond our control. All we can hope for is to manage the odds and relish the evens. Financial planning is, at least, risk management and, at best, wealth enhancement. A lot of financial planning comes down to common sense (don't spend more than you earn) but so does diet and exercise (don't eat more than you expend) and most of us need help with all this. I'm always gratefully... https://www.scmp.com/business/money/expert-qa/article/1292609/grasp-your-priorities-life-budget?utm_source=rss_feed https://www.scmp.com/business/money/expert-qa/article/1292609/grasp-your-priorities-life-budget?utm_source=rss_feed Sun, 28 Jul 2013 16:00:00 +0000 I'm 45 and my annual health checks are great with no hint of the heart problems that killed my Dad and his Dad. My wife is 47 and in good health but smokes. My employer provides generous medical benefits for the family. I love my job and have no plans to move but my industry is fickle. Should I look for some sort of back-up cover? The chance of a 45-year-old male, even without possible congenital heart issues, suffering heart attack, cancer or stroke before age 65 is nearly 30 per cent. The... https://www.scmp.com/business/money/expert-qa/article/1287776/back-medical-plan-popular-choice?utm_source=rss_feed https://www.scmp.com/business/money/expert-qa/article/1287776/back-medical-plan-popular-choice?utm_source=rss_feed Sun, 21 Jul 2013 16:00:00 +0000 We have property in Australia and a bit of superannuation there. Was there anything arising from last month's federal budget that we should be aware of? Yes, but actually there are three things conspiring to warrant a review of Australian personal finance strategies. These are the federal budget announcements, the Australian dollar decline, and the end of the Australian tax year in four weeks. All three make it a good time to ensure your inflatable ducks are in a row. The federal budget, much to... https://www.scmp.com/business/money/expert-qa/article/1252191/rules-shift-australian-pensions-assets?utm_source=rss_feed https://www.scmp.com/business/money/expert-qa/article/1252191/rules-shift-australian-pensions-assets?utm_source=rss_feed Sun, 02 Jun 2013 16:00:00 +0000 Rising property values have increased our equity in our Hong Kong home. We are thinking of increasing our current home mortgage to buy a property in Britain or Canada. We are in our mid-50s and plan to repay the loan from the sale of our Wan Chai investment flat when we retire at 65. This flat is mortgaged to about 70 per cent of its value. What do you think? You need to carefully identify and manage a number of risks. These include working out your new debt level as a percentage of the value of... https://www.scmp.com/business/money/expert-qa/article/1241506/prospect-property-slump-adds-risk?utm_source=rss_feed https://www.scmp.com/business/money/expert-qa/article/1241506/prospect-property-slump-adds-risk?utm_source=rss_feed Sun, 19 May 2013 16:00:00 +0000 My wife and I are permanent residents and jointly own our home. We have separated and I would like to buy my own flat. Will I be exempt from the new higher stamp duties? No, even a half-share in a residential property makes you a home owner, and prey to higher stamp duties for second-home buyers. But as a permanent resident, you will be exempt from the 15 per cent buyer's stamp duty. If you want to halve the stamp duty on a new flat, you need to give up your interest in the family home. Your... https://www.scmp.com/business/money/expert-qa/article/1230914/saving-stamp-duty-means-leaving-home?utm_source=rss_feed https://www.scmp.com/business/money/expert-qa/article/1230914/saving-stamp-duty-means-leaving-home?utm_source=rss_feed Sun, 05 May 2013 16:00:00 +0000 I'm buying a Hong Kong residential property. Should I buy it in my own name or through a company and trust arrangement? If you are a permanent resident with no other residential property and you buy in your own name, your stamp duty rates are half the new rates and you are exempt from the 15 per cent buyer's stamp duty announced last October. On a HK$10 million property purchase you save HK$1.875 million in stamp duty. If you are a permanent resident with residential property and you buy in your... https://www.scmp.com/business/money/expert-qa/article/1225509/bird-hand-may-cost-you-flock?utm_source=rss_feed https://www.scmp.com/business/money/expert-qa/article/1225509/bird-hand-may-cost-you-flock?utm_source=rss_feed Sun, 28 Apr 2013 16:00:00 +0000