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

Explainer | What is Jack Ma’s Ant Group and how does it make money?

In this explainer, we take a look at the growth potential of Ant’s key businesses and why the company could soon be worth more than the world’s largest bank, JPMorgan Chase.

2 hours ago

In this explainer, we take a look at the growth potential of Ant’s key businesses and why the company could soon be worth more than the world’s largest bank, JPMorgan Chase.

What is Jack Ma’s Ant Group and how does it make money?
HSBC eyes restarting dividend as third-quarter profit beats estimates on strength of Asian business, slower loan losses

HSBC reported a pre-tax profit of US$3.07 billion, above a consensus estimate of US$2.07 billion.

27 Oct 2020 - 11:30PM

HSBC reported a pre-tax profit of US$3.07 billion, above a consensus estimate of US$2.07 billion.

HSBC eyes restarting dividend as third-quarter profit beats estimates on strength of Asian business, slower loan losses
‘Lower-for-longer’ interest rates could weigh on HSBC and other Hong Kong lenders’ third quarter results, analysts say

HSBC, Standard Chartered may benefit from a better trading environment in the third quarter, but net interest margin pressure likely continued, analysts said.

26 Oct 2020 - 8:30AM

HSBC, Standard Chartered may benefit from a better trading environment in the third quarter, but net interest margin pressure likely continued, analysts said.

‘Lower-for-longer’ interest rates could weigh on HSBC and other Hong Kong lenders’ third quarter results, analysts say
What is Jack Ma’s Ant Group really worth as it markets the world’s largest ever IPO? Key analysts say US$350 billion to US$450 billion

The fintech giant’s IPO plans come amid a remarkable run-up in stock market valuations of its technology peers this year.

23 Oct 2020 - 7:27AM

The fintech giant’s IPO plans come amid a remarkable run-up in stock market valuations of its technology peers this year.

What is Jack Ma’s Ant Group really worth as it markets the world’s largest ever IPO? Key analysts say US$350 billion to US$450 billion
HSBC’s iconic lions, Stephen and Stitt, back on public view after first phase of restoration works since New Year vandalism

HSBC carried out a simple blessing ceremony on Thursday to welcome back Stephen and Stitt for the first time since they were vandalised by anti-government protesters on New Year day.

22 Oct 2020 - 11:57PM

HSBC carried out a simple blessing ceremony on Thursday to welcome back Stephen and Stitt for the first time since they were vandalised by anti-government protesters on New Year day.

HSBC’s iconic lions, Stephen and Stitt, back on public view after first phase of restoration works since New Year vandalism
Fintech unicorn Ant Group gets final regulatory nod for jumbo IPO and reveals share split between Hong Kong and Shanghai

China Securities Regulatory Commission approves registration for Ant Group’s listing in Shanghai, with marketing set to begin for what is expected to be the world’s biggest IPO ever.

22 Oct 2020 - 12:00AM

China Securities Regulatory Commission approves registration for Ant Group’s listing in Shanghai, with marketing set to begin for what is expected to be the world’s biggest IPO ever.

Fintech unicorn Ant Group gets final regulatory nod for jumbo IPO and reveals share split between Hong Kong and Shanghai
National security law: Hong Kong banks told by HKMA to report suspicious transactions

New advice from the Hong Kong Monetary Authority tells banks to report suspected national security violations as they would report incidents of money laundering, terrorism financing.

20 Oct 2020 - 10:25PM

New advice from the Hong Kong Monetary Authority tells banks to report suspected national security violations as they would report incidents of money laundering, terrorism financing.

National security law: Hong Kong banks told by HKMA to report suspicious transactions
Fintech giant Ant Group wins approval from China’s securities regulator for jumbo IPO in Hong Kong

CSRC approval of Ant Group’s IPO in Hong Kong shows Beijing’s commitment to the city’s role as an international financial centre, according to analysts.

19 Oct 2020 - 7:16PM

CSRC approval of Ant Group’s IPO in Hong Kong shows Beijing’s commitment to the city’s role as an international financial centre, according to analysts.

Fintech giant Ant Group wins approval from China’s securities regulator for jumbo IPO in Hong Kong
China’s foreign ministry vows countermeasures over US sanctions even as Hong Kong banks face blacklist threat

Foreign ministry spokesman Zhao Lijian said US should stop interfering in Hong Kong affairs, Chinese domestic issues.

15 Oct 2020 - 11:47PM

Foreign ministry spokesman Zhao Lijian said US should stop interfering in Hong Kong affairs, Chinese domestic issues.

China’s foreign ministry vows countermeasures over US sanctions even as Hong Kong banks face blacklist threat
China sovereign bond sale attracts US$27 billion in global orders, embraced by US investors

China’s Ministry of Finance raised US$6 billion in international bond sale, which was 4.5 times oversubscribed, sources say.

15 Oct 2020 - 10:59PM

China’s Ministry of Finance raised US$6 billion in international bond sale, which was 4.5 times oversubscribed, sources say.

China sovereign bond sale attracts US$27 billion in global orders, embraced by US investors
HSBC left off fundraising by China’s Ministry of Finance, first time since 2017

China will market debt to US-based institutional investors for the first time as part of the proposed offering.

13 Oct 2020 - 7:35PM

China will market debt to US-based institutional investors for the first time as part of the proposed offering.

HSBC left off fundraising by China’s Ministry of Finance, first time since 2017
Hong Kong braces for Monday deadline as Trump’s report puts HSBC, lenders back into sanctions spotlight

Banks in Hong Kong could face sanctions for engaging in “significant transactions” with officials cited by the Trump administration following the adoption of a controversial national security law in late June.

15 Oct 2020 - 10:12PM

Banks in Hong Kong could face sanctions for engaging in “significant transactions” with officials cited by the Trump administration following the adoption of a controversial national security law in late June.

Hong Kong braces for Monday deadline as Trump’s report puts HSBC, lenders back into sanctions spotlight
Ping An Insurance-backed fintech unicorn Lufax files for US stock offering

Lufax, the operator of one of China’s biggest online wealth manager, plans to seek a listing on the New York Stock Exchange, according to regulatory filing.

8 Oct 2020 - 9:40PM

Lufax, the operator of one of China’s biggest online wealth manager, plans to seek a listing on the New York Stock Exchange, according to regulatory filing.

Ping An Insurance-backed fintech unicorn Lufax files for US stock offering
Chinese billionaires rebuild wealth to US$1.68 trillion, the size of Russia’s economy, by seizing coronavirus-led opportunities, UBS-PwC report says

Mainland China minted 36 new billionaires in the first seven months this year despite the pandemic, according to UBS and PwC report. Their combined wealth almost equals Russia’s gross domestic product, the world’s 11th largest economy.

7 Oct 2020 - 11:46PM

Mainland China minted 36 new billionaires in the first seven months this year despite the pandemic, according to UBS and PwC report. Their combined wealth almost equals Russia’s gross domestic product, the world’s 11th largest economy.

Chinese billionaires rebuild wealth to US$1.68 trillion, the size of Russia’s economy, by seizing coronavirus-led opportunities, UBS-PwC report says
Next big thing for Hong Kong’s virtual banks: wealth management

Insurance and investment products are the ‘next phase’ for the city’s newest lenders, according to ZA Bank’s chief executive Rockson Hsu

7 Oct 2020 - 10:49PM

Insurance and investment products are the ‘next phase’ for the city’s newest lenders, according to ZA Bank’s chief executive Rockson Hsu

Next big thing for Hong Kong’s virtual banks: wealth management
People’s Bank of China’s digital currency already used for pilot transactions worth 1.1 billion yuan

The People’s Bank of China is developing its own e-yuan as it seeks to hasten the transformation of China’s economy.

6 Oct 2020 - 5:21AM

The People’s Bank of China is developing its own e-yuan as it seeks to hasten the transformation of China’s economy.

People’s Bank of China’s digital currency already used for pilot transactions worth 1.1 billion yuan
Latest round of Hong Kong iBonds could rise to HK$15 billion, available for subscription on October 23

Retail investors will be able to subscribe to the latest iteration of Hong Kong’s inflation-linked government debt, known as iBonds, beginning October 23, according to the Hong Kong Monetary Authority.

5 Oct 2020 - 11:48PM

Retail investors will be able to subscribe to the latest iteration of Hong Kong’s inflation-linked government debt, known as iBonds, beginning October 23, according to the Hong Kong Monetary Authority.

Latest round of Hong Kong iBonds could rise to HK$15 billion, available for subscription on October 23
Hong Kong to issue new iBonds with guaranteed interest rates to give residents bigger slice of financial services pie: Paul Chan

City’s government to issue up to HK$13 billion in debt, including iBonds featuring a guaranteed interest rate of 2 per cent.

4 Oct 2020 - 11:20PM

City’s government to issue up to HK$13 billion in debt, including iBonds featuring a guaranteed interest rate of 2 per cent.

Hong Kong to issue new iBonds with guaranteed interest rates to give residents bigger slice of financial services pie: Paul Chan
Cybercriminals are targeting Asia-Pacific banks and businesses as coronavirus disrupts daily life

More than half of Asia-Pacific businesses suffered at least one cybersecurity scare during work from home, according to survey by Barracuda Networks.

4 Oct 2020 - 10:32PM

More than half of Asia-Pacific businesses suffered at least one cybersecurity scare during work from home, according to survey by Barracuda Networks.

Cybercriminals are targeting Asia-Pacific banks and businesses as coronavirus disrupts daily life
“Bloody” battle under way between Hong Kong’s virtual banks and traditional lenders as four new players join overcrowded market

Battleground shifts as coronavirus pandemic has saddled traditional lenders with bad debts while encouraging more people to switch to banking online.

1 Oct 2020 - 10:03PM

Battleground shifts as coronavirus pandemic has saddled traditional lenders with bad debts while encouraging more people to switch to banking online.

“Bloody” battle under way between Hong Kong’s virtual banks and traditional lenders as four new players join overcrowded market
Hong Kong bank deposits surge by US$50 billion in August as investors target Ant Group, other hotly anticipated IPOs

HKMA forced to intervene to weaken currency 15 times in September as hot money chases hot Chinese IPOs, secondary listings in the city.

30 Sep 2020 - 11:07PM

HKMA forced to intervene to weaken currency 15 times in September as hot money chases hot Chinese IPOs, secondary listings in the city.

Hong Kong bank deposits surge by US$50 billion in August as investors target Ant Group, other hotly anticipated IPOs
Alibaba’s cloud services business poised to turn a profit on back of China’s digital economy, global expansion

Alibaba Cloud expects to become profitable on the back of demand from China’s fast-growing digital economy and strategic overseas expansion.

20 Oct 2020 - 2:14PM

Alibaba Cloud expects to become profitable on the back of demand from China’s fast-growing digital economy and strategic overseas expansion.

Alibaba’s cloud services business poised to turn a profit on back of China’s digital economy, global expansion
HSBC shares post biggest intraday rise in a decade after biggest shareholder Ping An increases stake in lender

HSBC’s shares rose nearly 11 per cent in Monday’s afternoon session in Hong Kong, its biggest intraday increase since 2009, after Ping An increased its stake in the lender to 8 per cent last week.

28 Sep 2020 - 5:04PM

HSBC’s shares rose nearly 11 per cent in Monday’s afternoon session in Hong Kong, its biggest intraday increase since 2009, after Ping An increased its stake in the lender to 8 per cent last week.

HSBC shares post biggest intraday rise in a decade after biggest shareholder Ping An increases stake in lender
Could HSBC shares, already at historic lows, sink further as US-China relations worsen, investors lose faith?

The bank has lost more than US$84 billion in market capitalisation since the beginning of the year, as it navigates a weaker operating environment and rising US-China tensions.

28 Sep 2020 - 7:16AM

The bank has lost more than US$84 billion in market capitalisation since the beginning of the year, as it navigates a weaker operating environment and rising US-China tensions.

Could HSBC shares, already at historic lows, sink further as US-China relations worsen, investors lose faith?
China set to lure billions of dollars in funds as sovereign debt enters FTSE index amid decoupling concerns

Chinese state debt to be included in FTSE World Government Bond Index in October 2021, prompting as much as US$150 billion in additional inflows.

25 Sep 2020 - 9:54PM

Chinese state debt to be included in FTSE World Government Bond Index in October 2021, prompting as much as US$150 billion in additional inflows.

China set to lure billions of dollars in funds as sovereign debt enters FTSE index amid decoupling concerns
Bank of East Asia to sell life insurance business following strategic review

Sale of BEA Life will allow the lender to focus on its core banking business in Hong Kong and mainland China, BEA said.

23 Sep 2020 - 8:48PM

Sale of BEA Life will allow the lender to focus on its core banking business in Hong Kong and mainland China, BEA said.

Bank of East Asia to sell life insurance business following strategic review
Cathay Pacific parent Swire, TPG invest in plant-based food firm Green Monday’s US$70 million funding round

Fundraising is the largest of its kind in Asia to date, according to plant-based pork maker Green Monday Holdings.

22 Sep 2020 - 1:05PM

Fundraising is the largest of its kind in Asia to date, according to plant-based pork maker Green Monday Holdings.

Cathay Pacific parent Swire, TPG invest in plant-based food firm Green Monday’s US$70 million funding round
HSBC, JPMorgan, StanChart and others processed trillions of dollars of transactions despite concerns over potential crimes, reports say

Top banks processed trillions of dollars of transactions identified as suspicious, according to International Consortium for Investigative Journalists review

22 Sep 2020 - 11:22PM

Top banks processed trillions of dollars of transactions identified as suspicious, according to International Consortium for Investigative Journalists review

HSBC, JPMorgan, StanChart and others processed trillions of dollars of transactions despite concerns over potential crimes, reports say
NYSE-listed Chinese delivery firm ZTO Express to raise up to US$1.6 billion in Hong Kong secondary listing

Delivery firm ZTO Express (Cayman) said on Wednesday it expects to raise up to HK$12.1 billion in a secondary listing in Hong Kong this month, becoming the latest in a flurry of US-listed Chinese companies seeking to raise funds in the city as tensions mount between Washington and Beijing.

16 Sep 2020 - 10:39PM

Delivery firm ZTO Express (Cayman) said on Wednesday it expects to raise up to HK$12.1 billion in a secondary listing in Hong Kong this month, becoming the latest in a flurry of US-listed Chinese companies seeking to raise funds in the city as tensions mount between Washington and Beijing.

NYSE-listed Chinese delivery firm ZTO Express to raise up to US$1.6 billion in Hong Kong secondary listing
Senior HSBC mainland China banker defects to Bank of America

Zhang Wenjie’s departure comes as HSBC CEO Noel Quinn makes a big bet on future growth in China as part of the lender’s third major revamp in a decade.

14 Sep 2020 - 6:08PM

Zhang Wenjie’s departure comes as HSBC CEO Noel Quinn makes a big bet on future growth in China as part of the lender’s third major revamp in a decade.

Senior HSBC mainland China banker defects to Bank of America