Chad Bray

Chad Bray is a senior business reporter focused on finance. He joined the Post in 2018 and has previously written for The New York Times, The Wall Street Journal and Dow Jones Newswires.
Chad Bray
Chad Bray is a senior business reporter focused on finance. He joined the Post in 2018 and has previously written for The New York Times, The Wall Street Journal and Dow Jones Newswires.

Latest from Chad Bray

China’s electric car makers face ‘critical’ maturity period over the next two years, KPMG says

Consolidation likely as electric car makers face tighter capital markets, end of government subsidies next year, according to KPMG.

18 Apr 2019 - 7:00AM

Consolidation likely as electric car makers face tighter capital markets, end of government subsidies next year, according to KPMG.

China’s electric car makers face ‘critical’ maturity period over the next two years, KPMG says
Citigroup’s golden strategy as banker to Fortune 500 companies tapping China’s Belt and Road corridors

Citigroup said the growth was driven by increased business activity by Chinese companies, as well as multinational corporations

18 Apr 2019 - 12:54PM

Citigroup said the growth was driven by increased business activity by Chinese companies, as well as multinational corporations

Citigroup’s golden strategy as banker to Fortune 500 companies tapping China’s Belt and Road corridors
Shanghai Commercial Bank’s 2018 profit up 17 per cent on higher interest income, forfeited Hong Kong Life deposit

The privately held bank said it received an “extraordinary contribution” from the failed sale of Hong Kong Life Insurance after a mainland China consortium forfeited a HK$710 million deposit.

16 Apr 2019 - 10:35PM

The privately held bank said it received an “extraordinary contribution” from the failed sale of Hong Kong Life Insurance after a mainland China consortium forfeited a HK$710 million deposit.

Shanghai Commercial Bank’s 2018 profit up 17 per cent on higher interest income, forfeited Hong Kong Life deposit
Hong Kong’s dollar millionaires swell at the slowest pace since 2014, due to trade war-induced bear market

The number of people with US$1.27 million or more in total assets rose 3 per cent last year while those with liquid assets grew 1.5 per cent, Citibank said.

16 Apr 2019 - 11:28PM

The number of people with US$1.27 million or more in total assets rose 3 per cent last year while those with liquid assets grew 1.5 per cent, Citibank said.

Hong Kong’s dollar millionaires swell at the slowest pace since 2014, due to trade war-induced bear market
Credit Suisse to take controlling stake in Chinese securities joint venture

The Swiss bank would own 51 per cent of its securities joint venture, Credit Suisse Founder Securities, after a capital injection.

15 Apr 2019 - 11:21PM

The Swiss bank would own 51 per cent of its securities joint venture, Credit Suisse Founder Securities, after a capital injection.

Credit Suisse to take controlling stake in Chinese securities joint venture
China’s small business lending push could equal US$418 billion in new loans, S&P Global says

A push to increase lending to micro and small businesses in China could lead to higher credit costs and weaker asset quality, but will have little affect on credit quality, according to S&P Global

15 Apr 2019 - 10:14PM

A push to increase lending to micro and small businesses in China could lead to higher credit costs and weaker asset quality, but will have little affect on credit quality, according to S&P Global

China’s small business lending push could equal US$418 billion in new loans, S&P Global says
China’s P2P lending market could be decimated this year amid Beijing crackdown

China’s P2P lending market could soon face a second reckoning as Beijing prepares to adopt stricter licensing requirements.

17 Apr 2019 - 4:48PM

China’s P2P lending market could soon face a second reckoning as Beijing prepares to adopt stricter licensing requirements.

China’s P2P lending market could be decimated this year amid Beijing crackdown
HSBC warns global growth is slowing, US-China trade war weighing on sentiment

HSBC chief executive John Flint said the trade war and Brexit are leading to increased uncertainty and risk, but have yet to translate into higher credit losses.

13 Apr 2019 - 4:50AM

HSBC chief executive John Flint said the trade war and Brexit are leading to increased uncertainty and risk, but have yet to translate into higher credit losses.

HSBC warns global growth is slowing, US-China trade war weighing on sentiment
China tech money headed to Europe as US tensions remain high in first quarter

Chinese technology companies are increasingly turning their eyes to Europe for investment and deals as US regulators are seen as a “major hurdle”, according to GP Bullhound, a technology advisory and investment firm.

12 Apr 2019 - 10:15PM

Chinese technology companies are increasingly turning their eyes to Europe for investment and deals as US regulators are seen as a “major hurdle”, according to GP Bullhound, a technology advisory and investment firm.

China tech money headed to Europe as US tensions remain high in first quarter
Standard Chartered to pay US$1.1 billion to resolve Iran sanctions investigations

The emerging markets lender has been dogged by regulatory scrutiny in recent years over its financial crime controls.

10 Apr 2019 - 2:57PM

The emerging markets lender has been dogged by regulatory scrutiny in recent years over its financial crime controls.

Standard Chartered to pay US$1.1 billion to resolve Iran sanctions investigations
Bank CEO says better cultural understand can bring China, US together

East West Bank chairman and chief executive Dominic Ng believes the US and China can build a stronger relationship through mutual understanding

5 Apr 2019 - 11:52AM

East West Bank chairman and chief executive Dominic Ng believes the US and China can build a stronger relationship through mutual understanding

Bank CEO says better cultural understand can bring China, US together
HSBC targets Hong Kong start-ups, SMEs with digital ‘Sprint’ account as it embraces technology

The new account is the latest in the bank’s digital strategy, which has included 15 initiatives for small, medium-sized businesses since 2017

3 Apr 2019 - 7:49PM

The new account is the latest in the bank’s digital strategy, which has included 15 initiatives for small, medium-sized businesses since 2017

HSBC targets Hong Kong start-ups, SMEs with digital ‘Sprint’ account as it embraces technology
Standard Chartered CEO ‘absolutely’ pleased with pace of turnaround, but says there is more to do

Standard Chartered has reshaped its business around cross-border transactions and affluent client operations under Bill Winters.

2 Apr 2019 - 8:30AM

Standard Chartered has reshaped its business around cross-border transactions and affluent client operations under Bill Winters.

Standard Chartered CEO ‘absolutely’ pleased with pace of turnaround, but says there is more to do
Hong Kong virtual bank among Standard Chartered’s digital bets as bank aims to improve returns

The lender hopes to receive one of the city’s first virtual banking licences later this year, Bill Winters, its chief executive, said on Tuesday.

26 Mar 2019 - 11:37PM

The lender hopes to receive one of the city’s first virtual banking licences later this year, Bill Winters, its chief executive, said on Tuesday.

Hong Kong virtual bank among Standard Chartered’s digital bets as bank aims to improve returns
US-China trade war reflection of shifting centre for global trade, author says

Europe, Southeast Asia stand to benefit from US-China conflict, according to Dr Parag Khanna.

25 Mar 2019 - 8:30PM

Europe, Southeast Asia stand to benefit from US-China conflict, according to Dr Parag Khanna.

US-China trade war reflection of shifting centre for global trade, author says
China’s big spenders are reining in on buying cars, jewellery and watches as confidence in personal finance cools, Credit Suisse says

Young Chinese are less interested in luxury purchases of jewellery and watches, but consumer sentiment remains ‘strong’ in lower-tier cities.

25 Mar 2019 - 10:58PM

Young Chinese are less interested in luxury purchases of jewellery and watches, but consumer sentiment remains ‘strong’ in lower-tier cities.

China’s big spenders are reining in on buying cars, jewellery and watches as confidence in personal finance cools, Credit Suisse says
Abu Dhabi wealth fund Mubadala sees more opportunities for China growth, investments

Mubadala Investment Company’s CEO believes the wealth fund is ‘uniquely positioned’ to invest in both the US and China

22 Mar 2019 - 10:55AM

Mubadala Investment Company’s CEO believes the wealth fund is ‘uniquely positioned’ to invest in both the US and China

Abu Dhabi wealth fund Mubadala sees more opportunities for China growth, investments
Chinese, Southeast Asian company executives more ready than their European peers to face tougher data-privacy regulation, study finds

American executives believe they are the most prepared for the changing data-privacy landscape, but a lack of clarity over portability of data is a key concern, according to The Economist Intelligence Unit

20 Mar 2019 - 3:00PM

American executives believe they are the most prepared for the changing data-privacy landscape, but a lack of clarity over portability of data is a key concern, according to The Economist Intelligence Unit

Chinese, Southeast Asian company executives more ready than their European peers to face tougher data-privacy regulation, study finds
Chinese AI start-up Megvii said to plan IPO in either Hong Kong or New York to raise up to US$800 million

The IPO could serve as a test for how well China's AI boom will be received by the world's capital markets, with several Chinese AI start-ups eyeing up possible listings

20 Mar 2019 - 10:58PM

The IPO could serve as a test for how well China's AI boom will be received by the world's capital markets, with several Chinese AI start-ups eyeing up possible listings

Chinese AI start-up Megvii said to plan IPO in either Hong Kong or New York to raise up to US$800 million
Trade war is killing overseas investment by Chinese, US tech companies, analysts say

A clash over technology could see a long-term split in research and development between rival leaders based in Shenzhen, Silicon Valley, according to market observers.

11 Mar 2019 - 12:05PM

A clash over technology could see a long-term split in research and development between rival leaders based in Shenzhen, Silicon Valley, according to market observers.

Trade war is killing overseas investment by Chinese, US tech companies, analysts say
Asian nations not forced to choose between US and China despite trade war, senior American diplomat says

US Ambassador to Indonesia, Joseph Donovan, says ‘vision for a free and open Indo-Pacific excludes no nation’.

6 Mar 2019 - 2:18PM

US Ambassador to Indonesia, Joseph Donovan, says ‘vision for a free and open Indo-Pacific excludes no nation’.

Asian nations not forced to choose between US and China despite trade war, senior American diplomat says
US-China trade war deal confusion leaves American companies demanding clarity over mixed messaging

Speakers at the Asia-Pacific Council of American Chambers of Commerce Business Summit said the uncertainty caused by the tariff war is damaging business.

5 Mar 2019 - 3:17AM

Speakers at the Asia-Pacific Council of American Chambers of Commerce Business Summit said the uncertainty caused by the tariff war is damaging business.

US-China trade war deal confusion leaves American companies demanding clarity over mixed messaging
US, China need each other for future development of AI, Hong Kong professor says

Despite trade war, AI researchers in the US, China are working together to develop the technology, according to the director of the Centre for Artificial Intelligence Research at Hong Kong University of Science and Technology

4 Mar 2019 - 10:54PM

Despite trade war, AI researchers in the US, China are working together to develop the technology, according to the director of the Centre for Artificial Intelligence Research at Hong Kong University of Science and Technology

US, China need each other for future development of AI, Hong Kong professor says
As Greater Bay Area develops, Hong Kong will need to differentiate itself, panellists say

The city will need to retain its strengths – ranging from its tax structure to common law – to set it apart and help further growth in the region in the coming years, panellists said at the American Chambers of Commerce’s business summit.

4 Mar 2019 - 10:54PM

The city will need to retain its strengths – ranging from its tax structure to common law – to set it apart and help further growth in the region in the coming years, panellists said at the American Chambers of Commerce’s business summit.

As Greater Bay Area develops, Hong Kong will need to differentiate itself, panellists say
More than half of Hongkongers don’t trust their banks, according to JD Power survey

More than half of consumers surveyed in Hong Kong do not trust their bank and even more feel the city’s lenders do not fully understand their needs, according to consumer insights advisory and analytics firm JD Power.

28 Feb 2019 - 10:49PM

More than half of consumers surveyed in Hong Kong do not trust their bank and even more feel the city’s lenders do not fully understand their needs, according to consumer insights advisory and analytics firm JD Power.

More than half of Hongkongers don’t trust their banks, according to JD Power survey
Bank of East Asia profit up 3 per cent in 2018, misses analysts’ forecasts

Hong Kong’s largest independent bank completed a HK$700 million cost cutting, restructuring programme last year

27 Feb 2019 - 10:39PM

Hong Kong’s largest independent bank completed a HK$700 million cost cutting, restructuring programme last year

Bank of East Asia profit up 3 per cent in 2018, misses analysts’ forecasts
Sustainable and ethical standards are in vogue, but only governance is affecting ratings, Fitch finds

Less than one per cent of financial institutions has seen their ratings change over environmental, social and governance standards, Fitch finds.

26 Feb 2019 - 8:52PM

Less than one per cent of financial institutions has seen their ratings change over environmental, social and governance standards, Fitch finds.

Sustainable and ethical standards are in vogue, but only governance is affecting ratings, Fitch finds
Standard Chartered looks to shed more costs, revamp its lower-return markets as it misses analysts’ forecasts

The bank took a US$900 million provision for potential penalties related to past conduct, but chief executive Bill Winters said it will be ‘a different looking and feeling bank’ at the end of its latest three-year strategic plan

26 Feb 2019 - 10:48PM

The bank took a US$900 million provision for potential penalties related to past conduct, but chief executive Bill Winters said it will be ‘a different looking and feeling bank’ at the end of its latest three-year strategic plan

Standard Chartered looks to shed more costs, revamp its lower-return markets as it misses analysts’ forecasts
China drove fintech funding globally in 2018 despite rising tensions with US, report says

Global investment in financial technology companies more than doubled to US$55.3 billion last year, driven by US$14 billion fundraising by Ant Financial Services

26 Feb 2019 - 10:57PM

Global investment in financial technology companies more than doubled to US$55.3 billion last year, driven by US$14 billion fundraising by Ant Financial Services

China drove fintech funding globally in 2018 despite rising tensions with US, report says
EFG Bank’s Tan: Expect ‘very choppy’ markets, but US-China trade war resolution in 2019

The regional head of advisory solutions and product management is optimistic about the industrial and infrastructure sectors

23 Feb 2019 - 9:21AM

The regional head of advisory solutions and product management is optimistic about the industrial and infrastructure sectors

EFG Bank’s Tan: Expect ‘very choppy’ markets, but US-China trade war resolution in 2019