Chad Bray

Hong Kong

Chad Bray

Senior Reporter, Business

Chad is a senior business reporter focused on finance. He has previously written for The New York Times, The Wall Street Journal and Dow Jones Newswires.

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Latest from Chad Bray

Could American banks get caught in the middle of US-China rift over Hong Kong?

A gateway to China, Hong Kong also serves as an important regional hub for America’s largest lenders, leaving them potentially exposed if the US takes action over the new national security law.

29 May 2020 - 11:51PM

A gateway to China, Hong Kong also serves as an important regional hub for America’s largest lenders, leaving them potentially exposed if the US takes action over the new national security law.

Could American banks get caught in the middle of US-China rift over Hong Kong?
HKEX to offer MSCI derivatives, replacing Singapore as index provider’s Asia derivatives hub

MSCI said it views Hong Kong as a major international financial centre for “years and decades to come” and the move is a bet on future access to a larger base of Chinese investors.

27 May 2020 - 10:31PM

MSCI said it views Hong Kong as a major international financial centre for “years and decades to come” and the move is a bet on future access to a larger base of Chinese investors.

HKEX to offer MSCI derivatives, replacing Singapore as index provider’s Asia derivatives hub
Japanese beer maker Asahi to borrow US$11 billion to complete purchase of AB InBev’s Australian business

Asahi Group Holdings plans to borrow 1.19 trillion yen from Japanese lender Sumitomo Mitsui Banking Corporation to complete its long-brewing purchase of Anheuser-Busch InBev’s Australian business.

25 May 2020 - 10:58PM

Asahi Group Holdings plans to borrow 1.19 trillion yen from Japanese lender Sumitomo Mitsui Banking Corporation to complete its long-brewing purchase of Anheuser-Busch InBev’s Australian business.

Japanese beer maker Asahi to borrow US$11 billion to complete purchase of AB InBev’s Australian business
From Goldman’s ‘Team Blue’ to less crowded lifts, banks in Hong Kong are paving the way for a global return to work

The return to work in Hong Kong, including face masks and two-metre distancing from colleagues, could be a template for how banks bring back staff in other financial centres.

25 May 2020 - 10:01PM

The return to work in Hong Kong, including face masks and two-metre distancing from colleagues, could be a template for how banks bring back staff in other financial centres.

From Goldman’s ‘Team Blue’ to less crowded lifts, banks in Hong Kong are paving the way for a global return to work
Global banks in Hong Kong shorten annual internship programmes, go virtual as coronavirus pandemic upends office life

Banks from Citigroup to JPMorgan Chase are shrinking the length of their summer programmes, and are switching to virtual curriculums as the coronavirus pandemic keeps staff away from offices.

26 May 2020 - 11:28AM

Banks from Citigroup to JPMorgan Chase are shrinking the length of their summer programmes, and are switching to virtual curriculums as the coronavirus pandemic keeps staff away from offices.

Global banks in Hong Kong shorten annual internship programmes, go virtual as coronavirus pandemic upends office life
JD.com-backed delivery platform Dada Nexus lines up for a US stock sale even as bitter aftertaste of Luckin Coffee’s scandal lingers

Dada Nexus merged with JD’s JD Daojia unit in 2016, and has failed to generate an annual profit since its founding in 2014.

13 May 2020 - 10:45PM

Dada Nexus merged with JD’s JD Daojia unit in 2016, and has failed to generate an annual profit since its founding in 2014.

JD.com-backed delivery platform Dada Nexus lines up for a US stock sale even as bitter aftertaste of Luckin Coffee’s scandal lingers
KKR to buy controlling stake in Commonwealth Bank of Australia’s wealth management business

The sale of a 55 per cent stake in Colonial First State to KKR marks the latest retreat by Australian lender from wealth management following misconduct scandals.

13 May 2020 - 10:40PM

The sale of a 55 per cent stake in Colonial First State to KKR marks the latest retreat by Australian lender from wealth management following misconduct scandals.

KKR to buy controlling stake in Commonwealth Bank of Australia’s wealth management business
Working from home, sagging tourist visits amid coronavirus snip Hong Kong’s tailoring industry

Tailors pin their hopes on a return to normalcy in Hong Kong, an increase in travellers to the city later in the year as the pandemic subsides.

29 May 2020 - 2:07PM

Tailors pin their hopes on a return to normalcy in Hong Kong, an increase in travellers to the city later in the year as the pandemic subsides.

Working from home, sagging tourist visits amid coronavirus snip Hong Kong’s tailoring industry
HSBC seeks to place Singaporean oil trader ZenRock Commodities into judicial management

The request to Singapore’s High Court regarding ZenRock Commodities comes after collapse of Hin Leong Trading, which sought protection from its creditors last month.

6 May 2020 - 9:41PM

The request to Singapore’s High Court regarding ZenRock Commodities comes after collapse of Hin Leong Trading, which sought protection from its creditors last month.

HSBC seeks to place Singaporean oil trader ZenRock Commodities into judicial management
HSBC to take full control of its Chinese life insurance joint venture

HSBC latest foreign bank to take advantage of new rules prising open China’s financial services sector by buying out mainland life insurance joint venture partner.

4 May 2020 - 10:24PM

HSBC latest foreign bank to take advantage of new rules prising open China’s financial services sector by buying out mainland life insurance joint venture partner.

HSBC to take full control of its Chinese life insurance joint venture
Citi names new leadership team for Asia-Pacific corporate bank

Kaleem Rizvi will head Asia-Pacific corporate banking after leading Citi’s investment bank for parts of South and Central America.

4 May 2020 - 2:45PM

Kaleem Rizvi will head Asia-Pacific corporate banking after leading Citi’s investment bank for parts of South and Central America.

Citi names new leadership team for Asia-Pacific corporate bank
Green bonds gain popularity, a defensive bet as coronavirus pandemic weighs on markets, investment managers say

As a defensive bet, green bonds held up better than investment-grade corporate debt in coronavirus sell-off, UBS says

5 May 2020 - 2:30PM

As a defensive bet, green bonds held up better than investment-grade corporate debt in coronavirus sell-off, UBS says

Green bonds gain popularity, a defensive bet as coronavirus pandemic weighs on markets, investment managers say
Banks scramble to patch systems, enact workarounds as coronavirus pandemic upends operations

Bank tech executives raced to source laptops, boost bandwidth for staff working from home amid coronavirus pandemic.

3 May 2020 - 6:47PM

Bank tech executives raced to source laptops, boost bandwidth for staff working from home amid coronavirus pandemic.

Banks scramble to patch systems, enact workarounds as coronavirus pandemic upends operations
Deutsche Bank’s Asia-Pacific head to retire, replaced by architect of lender’s turnaround plan

Werner Steinmueller, Deutsche Bank’s Asia-Pacific CEO, will retire in July after leading the bank’s business in the region since 2016.

1 May 2020 - 12:00PM

Werner Steinmueller, Deutsche Bank’s Asia-Pacific CEO, will retire in July after leading the bank’s business in the region since 2016.

Deutsche Bank’s Asia-Pacific head to retire, replaced by architect of lender’s turnaround plan
Standard Chartered increases bad loan reserves to nearly US$1 billion, beats analysts’ estimates

Standard Chartered increased its reserves for bad loans, impairments to US$956 million in the first quarter as coronavirus pandemic hit results.

29 Apr 2020 - 11:28PM

Standard Chartered increased its reserves for bad loans, impairments to US$956 million in the first quarter as coronavirus pandemic hit results.

Standard Chartered increases bad loan reserves to nearly US$1 billion, beats analysts’ estimates
HSBC raises bad loan reserves to nine-year high, profit misses estimates on credit losses

Europe’s biggest bank increased its provisions for loan losses and impairments to US$3 billion in the first quarter, the highest in nine years, as the coronavirus pandemic weighed on clients.

28 Apr 2020 - 7:41PM

Europe’s biggest bank increased its provisions for loan losses and impairments to US$3 billion in the first quarter, the highest in nine years, as the coronavirus pandemic weighed on clients.

HSBC raises bad loan reserves to nine-year high, profit misses estimates on credit losses
HSBC, Standard Chartered and other bank results likely hit by bad loan provisions, analysts say

Hong Kong’s biggest banks are likely to announce larger reserves for bad loans as coronavirus weighs on global economy, according to analysts.

27 Apr 2020 - 8:23AM

Hong Kong’s biggest banks are likely to announce larger reserves for bad loans as coronavirus weighs on global economy, according to analysts.

HSBC, Standard Chartered and other bank results likely hit by bad loan provisions, analysts say
HSBC Asia investment bank head takes sabbatical as part of latest management shake-up

HSBC’s Asia-Pacific investment banking head Gordon French began a sabbatical on April 15, is expected to explore ‘other opportunities’ at the bank.

21 Apr 2020 - 8:51PM

HSBC’s Asia-Pacific investment banking head Gordon French began a sabbatical on April 15, is expected to explore ‘other opportunities’ at the bank.

HSBC Asia investment bank head takes sabbatical as part of latest management shake-up
Symphony to launch videoconference tool for finance executives homebound by Covid-19 pandemic and weary of Zoom’s security troubles

California-based Symphony Communications Services will target financial institutions with its ‘secure and end-to-end encrypted’ videoconference platform

20 Apr 2020 - 9:17PM

California-based Symphony Communications Services will target financial institutions with its ‘secure and end-to-end encrypted’ videoconference platform

Symphony to launch videoconference tool for finance executives homebound by Covid-19 pandemic and weary of Zoom’s security troubles
Foreign investors pile into Chinese onshore debt markets in search of yields as coronavirus pandemic worsens

Foreign investors have piled into Chinese onshore debt markets this year as yields on Chinese government debt have greatly exceeded US Treasury notes, other government bonds.

20 Apr 2020 - 11:37AM

Foreign investors have piled into Chinese onshore debt markets this year as yields on Chinese government debt have greatly exceeded US Treasury notes, other government bonds.

Foreign investors pile into Chinese onshore debt markets in search of yields as coronavirus pandemic worsens
Job losses from coronavirus pandemic could force 11 million into poverty in Asia, International Finance Corporation says

International Finance Corporation pumping US$8 billion into programmes to support companies in emerging markets, stem job losses.

17 Apr 2020 - 10:28PM

International Finance Corporation pumping US$8 billion into programmes to support companies in emerging markets, stem job losses.

Job losses from coronavirus pandemic could force 11 million into poverty in Asia, International Finance Corporation says
Will business, investing ever return to normal after the coronavirus pandemic changed everything?

The coronavirus pandemic is likely to cause ‘radical shifts’ in how businesses operate, and how consumers behave, analysts and strategists say.

13 Apr 2020 - 7:50PM

The coronavirus pandemic is likely to cause ‘radical shifts’ in how businesses operate, and how consumers behave, analysts and strategists say.

Will business, investing ever return to normal after the coronavirus pandemic changed everything?
From Boeing to HSBC, companies are scrapping billions in dividends on coronavirus fears

Investors lose billions in dividend payouts as companies hoard cash and bow to regulatory pressure to build buffers against coronavirus pandemic fallout.

13 Apr 2020 - 9:57PM

Investors lose billions in dividend payouts as companies hoard cash and bow to regulatory pressure to build buffers against coronavirus pandemic fallout.

From Boeing to HSBC, companies are scrapping billions in dividends on coronavirus fears
Even Hong Kong’s Michelin-starred restaurants are offering takeaway menus as coronavirus forces diners to stay home

Some of Hong Kong’s most exclusive, Michelin-starred restaurants are offering takeaway, home catering as bookings are hit by months of protests, followed by the coronavirus pandemic.

11 Apr 2020 - 2:00PM

Some of Hong Kong’s most exclusive, Michelin-starred restaurants are offering takeaway, home catering as bookings are hit by months of protests, followed by the coronavirus pandemic.

Even Hong Kong’s Michelin-starred restaurants are offering takeaway menus as coronavirus forces diners to stay home
HSBC, Standard Chartered bosses forego bonuses in mea culpa to calm rebel shareholders in dividend fight

HSBC, Standard Chartered top executives will forgo bonuses and make donations to charities fighting the coronavirus pandemic. The move partially complies with request by a UK regulator and rebel shareholders.

9 Apr 2020 - 10:37AM

HSBC, Standard Chartered top executives will forgo bonuses and make donations to charities fighting the coronavirus pandemic. The move partially complies with request by a UK regulator and rebel shareholders.

HSBC, Standard Chartered bosses forego bonuses in mea culpa to calm rebel shareholders in dividend fight
Coronavirus pandemic could weigh on mergers, IPOs longer than Sars, deal makers say

Economic fallout of coronavirus pandemic could dampen deal activity longer than Sars, deal makers said.

8 Apr 2020 - 7:30AM

Economic fallout of coronavirus pandemic could dampen deal activity longer than Sars, deal makers said.

Coronavirus pandemic could weigh on mergers, IPOs longer than Sars, deal makers say
Luckin Coffee lenders seek to sell over 76 million shares after chairman defaults on loan

Company’s stock plunges to its lowest-ever share price on Monday in New York.

7 Apr 2020 - 11:05PM

Company’s stock plunges to its lowest-ever share price on Monday in New York.

Luckin Coffee lenders seek to sell over 76 million shares after chairman defaults on loan
Rebel shareholders demand HSBC revive dividend and slash management pay

A group of rebel shareholders have demanded HSBC revive its final dividend after the payout was suspended following a request by UK regulators.

6 Apr 2020 - 10:56PM

A group of rebel shareholders have demanded HSBC revive its final dividend after the payout was suspended following a request by UK regulators.

Rebel shareholders demand HSBC revive dividend and slash management pay
HSBC boss Noel Quinn writes letter to reassure Hong Kong shareholders after sharp three-day drop in stock price

HSBC cancelled its dividend and suspended buy-backs on Wednesday after request from UK regulator, prompting shareholders to punish its stock price this week.

3 Apr 2020 - 9:40PM

HSBC cancelled its dividend and suspended buy-backs on Wednesday after request from UK regulator, prompting shareholders to punish its stock price this week.

HSBC boss Noel Quinn writes letter to reassure Hong Kong shareholders after sharp three-day drop in stock price
Investors punish HSBC, Standard Chartered for scrapping dividends, wiping billions off shares and calling for headquarters to move to Hong Kong

Investors in Hong Kong voice outrage at UK regulator’s request to halt HSBC and Standard Chartered dividend payments.

3 Apr 2020 - 12:00AM

Investors in Hong Kong voice outrage at UK regulator’s request to halt HSBC and Standard Chartered dividend payments.

Investors punish HSBC, Standard Chartered for scrapping dividends, wiping billions off shares and calling for headquarters to move to Hong Kong