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

US-China trade war to weigh less on Asian economies in 2020, company earnings to drive markets, CLSA says

CLSA expects a truce in the US-China trade war to continue in 2020, making it less of a headwind to Asian economies.

12 Dec 2019 - 10:18PM

CLSA expects a truce in the US-China trade war to continue in 2020, making it less of a headwind to Asian economies.

US-China trade war to weigh less on Asian economies in 2020, company earnings to drive markets, CLSA says
Hong Kong expected to ‘stay competitive’ as a top IPO destination in 2020, KPMG says

Hong Kong’s bourse could have as many as 160 listings raising about HK$300 billion next year, KPMG says.

12 Dec 2019 - 9:30AM

Hong Kong’s bourse could have as many as 160 listings raising about HK$300 billion next year, KPMG says.

Hong Kong expected to ‘stay competitive’ as a top IPO destination in 2020, KPMG says
HSBC Swiss private bank to pay US$192 million to settle US tax evasion case

HSBC Private Bank (Suisse) to enter deferred prosecution agreement with US authorities after admitting to conspiring with US taxpayers to avoid taxes on as much as US$1.26 billion in undeclared assets

11 Dec 2019 - 10:57PM

HSBC Private Bank (Suisse) to enter deferred prosecution agreement with US authorities after admitting to conspiring with US taxpayers to avoid taxes on as much as US$1.26 billion in undeclared assets

HSBC Swiss private bank to pay US$192 million to settle US tax evasion case
‘Relative calm’ in US-China trade war could help global economy in 2020, BlackRock Investment Institute says

Trump administration may want calm ahead of US elections in 2020, according to Ben Powell of the BlackRock Investment Institute, while a ceasefire would allow China to continue internal reform, opening up.

10 Dec 2019 - 9:55PM

Trump administration may want calm ahead of US elections in 2020, according to Ben Powell of the BlackRock Investment Institute, while a ceasefire would allow China to continue internal reform, opening up.

‘Relative calm’ in US-China trade war could help global economy in 2020, BlackRock Investment Institute says
HSBC shuffles senior management as interim CEO Noel Quinn makes his mark on the bank

Marc Moses, HSBC’s chief risk officer and a director, is one of three senior executives expected to retire or move within the bank as part of a management shuffle.

9 Dec 2019 - 7:26PM

Marc Moses, HSBC’s chief risk officer and a director, is one of three senior executives expected to retire or move within the bank as part of a management shuffle.

HSBC shuffles senior management as interim CEO Noel Quinn makes his mark on the bank
Chinese appliance maker braves Trump tariffs with plan to raise US$381.8 million in Hong Kong IPO revival

Hangzhou-based JS Global, the maker of Ninja, Joyoung kitchen appliances and Shark vacuums, is meeting investors from Monday on its Hong Kong listing plan after delaying its stock offering in late October.

9 Dec 2019 - 10:37PM

Hangzhou-based JS Global, the maker of Ninja, Joyoung kitchen appliances and Shark vacuums, is meeting investors from Monday on its Hong Kong listing plan after delaying its stock offering in late October.

Chinese appliance maker braves Trump tariffs with plan to raise US$381.8 million in Hong Kong IPO revival
Is Alibaba’s mega listing in Hong Kong the prelude to an exodus of Chinese technology stocks from US capital markets?

Hong Kong changed its listing rules two years ago to lure more Chinese technology, biotechnology firms to the city, but will other new economy companies follow Alibaba?

7 Dec 2019 - 3:35PM

Hong Kong changed its listing rules two years ago to lure more Chinese technology, biotechnology firms to the city, but will other new economy companies follow Alibaba?

Is Alibaba’s mega listing in Hong Kong the prelude to an exodus of Chinese technology stocks from US capital markets?
Saudi Aramco IPO pushes Tadawul bourse to top exchanges for fundraising, but Hong Kong remains No 1 globally

State-owned Saudi Aramco’s IPO raises US$25.6 billion, topping Alibaba Group Holding’s record offering in 2014.

6 Dec 2019 - 10:57PM

State-owned Saudi Aramco’s IPO raises US$25.6 billion, topping Alibaba Group Holding’s record offering in 2014.

Saudi Aramco IPO pushes Tadawul bourse to top exchanges for fundraising, but Hong Kong remains No 1 globally
Phase one trade deal could spur growth, benefit Asian financial markets in 2020, Credit Suisse says

US-China trade deal would resolve ‘negative implications’ that have weighed on manufacturing, according to Credit Suisse’s John Woods.

2 Dec 2019 - 9:45PM

US-China trade deal would resolve ‘negative implications’ that have weighed on manufacturing, according to Credit Suisse’s John Woods.

Phase one trade deal could spur growth, benefit Asian financial markets in 2020, Credit Suisse says
Investors ‘cautious’ about Hong Kong markets in 2020 as questions remain over how protests, trade war will be resolved

Hong Kong’s markets are ‘destined for volatility’ in coming months as the trade war drags on, and with no obvious resolution to the protests, according to State Street

30 Nov 2019 - 2:00PM

Hong Kong’s markets are ‘destined for volatility’ in coming months as the trade war drags on, and with no obvious resolution to the protests, according to State Street

Investors ‘cautious’ about Hong Kong markets in 2020 as questions remain over how protests, trade war will be resolved
Asian markets likely to remain volatile in 2020 as US-China trade war continues to unnerve investors

Geopolitical risks could make markets ‘choppy’ next year, although a full-blown global recession is unlikely, analysts say.

30 Nov 2019 - 8:19AM

Geopolitical risks could make markets ‘choppy’ next year, although a full-blown global recession is unlikely, analysts say.

Asian markets likely to remain volatile in 2020 as US-China trade war continues to unnerve investors
Hong Kong-dollar deposits rise in October, Exchange Fund declines as months-long protests continue

Local currency deposits increased 0.4 per cent in October, but Hong Kong’s Exchange Fund decreased by HK$41 billion to HK$4.188 trillion in the month, according to HKMA, the city’s de facto central bank

29 Nov 2019 - 8:27PM

Local currency deposits increased 0.4 per cent in October, but Hong Kong’s Exchange Fund decreased by HK$41 billion to HK$4.188 trillion in the month, according to HKMA, the city’s de facto central bank

Hong Kong-dollar deposits rise in October, Exchange Fund declines as months-long protests continue
Chinese heart valve replacement maker Venus Medtech plans to raise up to US$381 million in Hong Kong IPO

Hangzhou-based Venus Medtech expects to price its offering in a range of HK$29 to HK$33 a share, and begin trading on December 10

26 Nov 2019 - 11:06PM

Hangzhou-based Venus Medtech expects to price its offering in a range of HK$29 to HK$33 a share, and begin trading on December 10

Chinese heart valve replacement maker Venus Medtech plans to raise up to US$381 million in Hong Kong IPO
Is globalisation doomed? Business, political leaders contemplate viability at New Economy Forum as US-China rivalry intensifies

Protectionism is on the rise and questions are increasing about whether globalisation still works, as New Economy Forum kicks off in Beijing

24 Nov 2019 - 10:39PM

Protectionism is on the rise and questions are increasing about whether globalisation still works, as New Economy Forum kicks off in Beijing

Is globalisation doomed? Business, political leaders contemplate viability at New Economy Forum as US-China rivalry intensifies
Banking, professional services employers cautious as Hong Kong outlook remains uncertain, recruiting firm says

Employers and prospective hires in financial, legal and other professional roles are being more conservative in Hong Kong as the city endures one of its worst political crises, according to a report by recruiting firm Robert Walters.

23 Nov 2019 - 9:00AM

Employers and prospective hires in financial, legal and other professional roles are being more conservative in Hong Kong as the city endures one of its worst political crises, according to a report by recruiting firm Robert Walters.

Banking, professional services employers cautious as Hong Kong outlook remains uncertain, recruiting firm says
Consumer finance lender Home Credit shelves US$1 billion Hong Kong IPO

Home Credit, a consumer finance lender that counts China as its biggest market, has shelved plans for a US$1 billion initial public offering in Hong Kong.

21 Nov 2019 - 10:49PM

Home Credit, a consumer finance lender that counts China as its biggest market, has shelved plans for a US$1 billion initial public offering in Hong Kong.

Consumer finance lender Home Credit shelves US$1 billion Hong Kong IPO
HSBC to replace investment bank head as part of management reshuffle as Noel Quinn moves to ‘remodel’ bank

HSBC interim CEO Noel Quinn is expected to announce the reorganisation before the annual results in February as he hopes to take the top job permanently.

20 Nov 2019 - 11:12PM

HSBC interim CEO Noel Quinn is expected to announce the reorganisation before the annual results in February as he hopes to take the top job permanently.

HSBC to replace investment bank head as part of management reshuffle as Noel Quinn moves to ‘remodel’ bank
Asian fintech funding could fall to lowest levels in over four years, says CB Insights, as trade war crimps China deals

Fundraising spiked in China in third quarter, but has been declining for much of the year, according to report from CB Insights

20 Nov 2019 - 11:12PM

Fundraising spiked in China in third quarter, but has been declining for much of the year, according to report from CB Insights

Asian fintech funding could fall to lowest levels in over four years, says CB Insights, as trade war crimps China deals
From Maserati importers to newspaper owners, companies warn of falling profits as economic impact of Hong Kong’s political crisis spreads to more sectors

More than a dozen companies from Maserati importers to newspaper owners have warned this month the Hong Kong protests have cut into their results as city’s economy fell into a technical recession.

20 Nov 2019 - 11:12PM

More than a dozen companies from Maserati importers to newspaper owners have warned this month the Hong Kong protests have cut into their results as city’s economy fell into a technical recession.

From Maserati importers to newspaper owners, companies warn of falling profits as economic impact of Hong Kong’s political crisis spreads to more sectors
UBS: Investors should prepare for ‘low returns’ in 2020 as US-China trade war uncertainty weighs on growth

Growth likely to pick up in second half of 2020, according to UBS Asia-Pacific strategist Niall MacLeod, but equity valuations gains likely to be capped at ‘modest’ 7 per cent.

15 Nov 2019 - 7:13PM

Growth likely to pick up in second half of 2020, according to UBS Asia-Pacific strategist Niall MacLeod, but equity valuations gains likely to be capped at ‘modest’ 7 per cent.

UBS: Investors should prepare for ‘low returns’ in 2020 as US-China trade war uncertainty weighs on growth
Women need to ‘get rich’ and fund other women to encourage more entrepreneurs, says AllBright co-founder Debbie Wosskow

UK-founded AllBright, a women-only members’ club, seeks to help women build networks, develop skills to succeed in business and hosted its first event in Hong Kong this week.

27 Nov 2019 - 1:03PM

UK-founded AllBright, a women-only members’ club, seeks to help women build networks, develop skills to succeed in business and hosted its first event in Hong Kong this week.

Women need to ‘get rich’ and fund other women to encourage more entrepreneurs, says AllBright co-founder Debbie Wosskow
Hong Kong protests prompt Citigroup to warn employees to avoid ‘dangerous situations’ after banker arrested

The arrested man is a director in the company’s capital markets business, according to a source.

14 Nov 2019 - 6:00PM

The arrested man is a director in the company’s capital markets business, according to a source.

Hong Kong protests prompt Citigroup to warn employees to avoid ‘dangerous situations’ after banker arrested
Analysis | Alibaba’s Hong Kong secondary listing gives Asia’s Taobao users a chance to own stakes in China’s biggest technology champion

Hong Kong listing would give mainland investors first chance to invest in Alibaba as some analysts believe the e-commerce giant’s stock remains undervalued despite nearly tripling since 2014 IPO

16 Nov 2019 - 10:40AM

Hong Kong listing would give mainland investors first chance to invest in Alibaba as some analysts believe the e-commerce giant’s stock remains undervalued despite nearly tripling since 2014 IPO

Alibaba’s Hong Kong secondary listing gives Asia’s Taobao users a chance to own stakes in China’s biggest technology champion
Banks, investors hoard cash in anticipation of Alibaba’s ‘giant’ listing, push up interbank lending rate

A gauge of Hong Kong’s bank funding costs spiked to its highest level in more than a month this week, as investors and financial institutions stashed away cash in anticipation of a massive secondary listing by Alibaba in the city.

14 Nov 2019 - 12:11AM

A gauge of Hong Kong’s bank funding costs spiked to its highest level in more than a month this week, as investors and financial institutions stashed away cash in anticipation of a massive secondary listing by Alibaba in the city.

Banks, investors hoard cash in anticipation of Alibaba’s ‘giant’ listing, push up interbank lending rate
US-China trade war, geopolitical tensions could make investing environment volatile next year, Goldman Sachs says

The global economy should avoid a recession in 2020, according to Goldman Sachs Asset Management. Investors should not expect a ‘smooth ride’ as geopolitical tensions fuel volatility.

12 Nov 2019 - 5:04PM

The global economy should avoid a recession in 2020, according to Goldman Sachs Asset Management. Investors should not expect a ‘smooth ride’ as geopolitical tensions fuel volatility.

US-China trade war, geopolitical tensions could make investing environment volatile next year, Goldman Sachs says
Donald Trump’s ‘phase-one’ deal will not resolve issues behind US-China trade war, Larry Summers says

US-China issues likely to linger, but cutting tensions could reduce uncertainty and act as ‘a spur to growth’, former US Treasury Secretary Lawrence H. Summers said

9 Nov 2019 - 3:18AM

US-China issues likely to linger, but cutting tensions could reduce uncertainty and act as ‘a spur to growth’, former US Treasury Secretary Lawrence H. Summers said

Donald Trump’s ‘phase-one’ deal will not resolve issues behind US-China trade war, Larry Summers says
Warburg Pincus sees tougher competition in Southeast Asia, as trade war tempers private equity deals in China

Investors have ‘woken up’ to the opportunities in Southeast Asia, according to Jeffrey Perlman, regional head of Warburg Pincus.

6 Nov 2019 - 10:13PM

Investors have ‘woken up’ to the opportunities in Southeast Asia, according to Jeffrey Perlman, regional head of Warburg Pincus.

Warburg Pincus sees tougher competition in Southeast Asia, as trade war tempers private equity deals in China
Asian businesses turn their growth focus towards the region as US-China trade war upends global trade links, supply chains

More than half of Asian business leaders surveyed said they plan to expand in Asia-Pacific in the next five years, according to HSBC report

5 Nov 2019 - 10:59PM

More than half of Asian business leaders surveyed said they plan to expand in Asia-Pacific in the next five years, according to HSBC report

Asian businesses turn their growth focus towards the region as US-China trade war upends global trade links, supply chains
Banks in Hong Kong, mainland China must buck up or lose US$61 billion in revenue to e-payment providers, Accenture says

Banks will be required to change their business models and focus on providing more value-added services to capture the growth in payments revenue, Accenture said.

4 Nov 2019 - 10:53PM

Banks will be required to change their business models and focus on providing more value-added services to capture the growth in payments revenue, Accenture said.

Banks in Hong Kong, mainland China must buck up or lose US$61 billion in revenue to e-payment providers, Accenture says
ESR Cayman’s shares advance in Hong Kong trading debut, helping market claw back some of its mojo lost in trade war, street protests

The logistics real estate developer’s IPO is the second-biggest listing in Hong Kong this year after Budweiser Brewing Company APAC

1 Nov 2019 - 11:02PM

The logistics real estate developer’s IPO is the second-biggest listing in Hong Kong this year after Budweiser Brewing Company APAC

ESR Cayman’s shares advance in Hong Kong trading debut, helping market claw back some of its mojo lost in trade war, street protests