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

US tariffs on monkeys could drive America’s biomedical research laboratories abroad

Tariffs on live primate imports could advance Made in China 2025 strategy, cause reduction in US research, according to National Association for Biomedical Research.

22 Aug 2019 - 10:21PM

Tariffs on live primate imports could advance Made in China 2025 strategy, cause reduction in US research, according to National Association for Biomedical Research.

US tariffs on monkeys could drive America’s biomedical research laboratories abroad
Hong Kong protests could hammer city’s economy, Bank of East Asia warns, as its profit falls 75 per cent in first half

‘The tense atmosphere (caused by protests) is likely to weigh on consumer and business confidence, and on inbound tourism, if there is no resolution soon,’ the bank said.

22 Aug 2019 - 1:49PM

‘The tense atmosphere (caused by protests) is likely to weigh on consumer and business confidence, and on inbound tourism, if there is no resolution soon,’ the bank said.

Hong Kong protests could hammer city’s economy, Bank of East Asia warns, as its profit falls 75 per cent in first half
FedEx seeks to defuse its latest delivery mishap in China, this time involving a firearm, saying it notified police two months ago

Chinese state media have seized on the incident as another example of why FedEx should be added to ‘unreliable’ foreign entities list after prior episode involving redirected Huawei Technologies’ packages

19 Aug 2019 - 12:28PM

Chinese state media have seized on the incident as another example of why FedEx should be added to ‘unreliable’ foreign entities list after prior episode involving redirected Huawei Technologies’ packages

FedEx seeks to defuse its latest delivery mishap in China, this time involving a firearm, saying it notified police two months ago
Hong Kong’s banks say they have adequate cash to meet demand, even as calls circulate online for protesters to empty out ATMs

Several of Hong Kong’s biggest banks said they have enough cash on hand to handle any contingencies and are keeping a close eye on their ATM networks.

16 Aug 2019 - 9:41PM

Several of Hong Kong’s biggest banks said they have enough cash on hand to handle any contingencies and are keeping a close eye on their ATM networks.

Hong Kong’s banks say they have adequate cash to meet demand, even as calls circulate online for protesters to empty out ATMs
Global fintech investments nosedive as Chinese fundraising falls sharply, report says

Fintech investments in China totalled US$820 million in the first half of 2019, compared with US$17.7 billion a year earlier, Accenture says

15 Aug 2019 - 10:40PM

Fintech investments in China totalled US$820 million in the first half of 2019, compared with US$17.7 billion a year earlier, Accenture says

Global fintech investments nosedive as Chinese fundraising falls sharply, report says
HSBC reshuffles decks as the bank braces for a more challenging operating environment

The macroeconomic outlook has become more gloomy since John Flint became CEO in February 2018 and HSBC’s directors are less tolerant of underperformance in changed environment, analysts say.

15 Aug 2019 - 11:20AM

The macroeconomic outlook has become more gloomy since John Flint became CEO in February 2018 and HSBC’s directors are less tolerant of underperformance in changed environment, analysts say.

HSBC reshuffles decks as the bank braces for a more challenging operating environment
BlackRock postpones Hong Kong media forum by five months after protesters laid siege to airport and disrupted travellers’ plans

The invitation-only forum has been moved to February 2020, with BlackRock adjusting the schedule so ‘as many partners as possible’ are able to join

14 Aug 2019 - 10:55PM

The invitation-only forum has been moved to February 2020, with BlackRock adjusting the schedule so ‘as many partners as possible’ are able to join

BlackRock postpones Hong Kong media forum by five months after protesters laid siege to airport and disrupted travellers’ plans
More than a third of investors expect a recession in 12 months, Bank of America Merrill Lynch survey finds

The finding represents the highest recession probability in eight years, Bank of America Merrill Lynch says.

14 Aug 2019 - 8:47AM

The finding represents the highest recession probability in eight years, Bank of America Merrill Lynch says.

More than a third of investors expect a recession in 12 months, Bank of America Merrill Lynch survey finds
US-China trade war takes heavier toll than expected, could wreak biggest havoc in fourth quarter, investment banks say

The reports by the two banks underscore how 13 months of a tit-for-tat dispute between the US and China has spilled over to the rest of the world.

12 Aug 2019 - 8:31PM

The reports by the two banks underscore how 13 months of a tit-for-tat dispute between the US and China has spilled over to the rest of the world.

US-China trade war takes heavier toll than expected, could wreak biggest havoc in fourth quarter, investment banks say
As Hong Kong lenders trim staff, prospects tighten for some expat bankers unless they change roles, take a pay cut

As the big banks reduce staff, expat financial workers who are made redundant and want to stay in Hong Kong may find it more difficult if they are unwilling to learn a new language, shift to a different area of the industry, or take a more junior role at a reduced salary, according to headhunters.

11 Aug 2019 - 11:06PM

As the big banks reduce staff, expat financial workers who are made redundant and want to stay in Hong Kong may find it more difficult if they are unwilling to learn a new language, shift to a different area of the industry, or take a more junior role at a reduced salary, according to headhunters.

As Hong Kong lenders trim staff, prospects tighten for some expat bankers unless they change roles, take a pay cut
HSBC’s Greater China head Helen Wong quits as bank loses second heavyweight in a week

Helen Wong Pik-kuen, who worked at HSBC since 1992, ‘has decided to leave HSBC to pursue an external opportunity,’ according to an internal memo.

9 Aug 2019 - 10:54PM

Helen Wong Pik-kuen, who worked at HSBC since 1992, ‘has decided to leave HSBC to pursue an external opportunity,’ according to an internal memo.

HSBC’s Greater China head Helen Wong quits as bank loses second heavyweight in a week
American Chamber of Commerce in China says smoothly functioning commerce in Hong Kong ‘fundamentally important’

Smooth commerce in Hong Kong is a ‘validator’ of ‘one country, two systems’ concept, AmCham China says

9 Aug 2019 - 11:04PM

Smooth commerce in Hong Kong is a ‘validator’ of ‘one country, two systems’ concept, AmCham China says

American Chamber of Commerce in China says smoothly functioning commerce in Hong Kong ‘fundamentally important’
Herbert Smith Freehills forms Shanghai venture with Kewei, becoming latest global practice to offer legal service in China

The UK firm is the sixth international law firm to receive approval to provide joint legal advice in the Shanghai Free Trade Zone

8 Aug 2019 - 8:15PM

The UK firm is the sixth international law firm to receive approval to provide joint legal advice in the Shanghai Free Trade Zone

Herbert Smith Freehills forms Shanghai venture with Kewei, becoming latest global practice to offer legal service in China
Bridgewater’s Ray Dalio says investors should still bet on China despite trade war

The trade conflict is a ‘natural development’ between world’s biggest economies and not investing in China is ‘very risky’, Ray Dalio, founder of world’s biggest hedge fund, says

7 Aug 2019 - 9:29PM

The trade conflict is a ‘natural development’ between world’s biggest economies and not investing in China is ‘very risky’, Ray Dalio, founder of world’s biggest hedge fund, says

Bridgewater’s Ray Dalio says investors should still bet on China despite trade war
Tencent in talks to buy stake in Universal Music, label behind Lady Gaga, Ariana Grande, Bruce Springsteen

Vivendi, Universal Music’s parent, has been looking to sell up to 50 per cent of the business. The Tencent deal will value the label at US$33.6 billion.

6 Aug 2019 - 10:53PM

Vivendi, Universal Music’s parent, has been looking to sell up to 50 per cent of the business. The Tencent deal will value the label at US$33.6 billion.

Tencent in talks to buy stake in Universal Music, label behind Lady Gaga, Ariana Grande, Bruce Springsteen
Ousting of HSBC CEO John Flint shows ‘increased ruthlessness’ of bank’s board, S&P says

HSBC’s board appears to be less tolerant of financial underperformance, but a shift in strategy is not in the cards, S&P says

6 Aug 2019 - 10:46PM

HSBC’s board appears to be less tolerant of financial underperformance, but a shift in strategy is not in the cards, S&P says

Ousting of HSBC CEO John Flint shows ‘increased ruthlessness’ of bank’s board, S&P says
HSBC to cut 2 per cent of its workforce as lender looks to reduce costs

HSBC said it is looking to reduce its wage costs by 4 per cent in 2019 and expects severance costs of US$650 million to US$700 million over the course of the year.

5 Aug 2019 - 11:03PM

HSBC said it is looking to reduce its wage costs by 4 per cent in 2019 and expects severance costs of US$650 million to US$700 million over the course of the year.

HSBC to cut 2 per cent of its workforce as lender looks to reduce costs
HSBC’s CEO John Flint makes surprise departure as bank seeks different approach to growth after second quarter beat estimates

John Flint will be replaced on an interim basis by Noel Quinn, head of global commercial banking, less than two years after he succeed Stuart Gulliver

5 Aug 2019 - 11:31PM

John Flint will be replaced on an interim basis by Noel Quinn, head of global commercial banking, less than two years after he succeed Stuart Gulliver

HSBC’s CEO John Flint makes surprise departure as bank seeks different approach to growth after second quarter beat estimates
UBS slashes Hong Kong GDP forecast as trade war, protests weigh on city’s economy

UBS cut its forecast for the city’s GDP growth to 0.8 per cent from 2.4 per cent after the economy saw disappointing growth in the second quarter

2 Aug 2019 - 11:47PM

UBS cut its forecast for the city’s GDP growth to 0.8 per cent from 2.4 per cent after the economy saw disappointing growth in the second quarter

UBS slashes Hong Kong GDP forecast as trade war, protests weigh on city’s economy
KKR pays US$2.2 billion for Tim Tam maker Arnott’s as Campbell Soup retreats to focus on core North American market

The transaction includes Arnott’s, other parts of Campbell Soup’s international business and represents the latest in a series of consumer sector investments by private equity firm KKR.

2 Aug 2019 - 11:11PM

The transaction includes Arnott’s, other parts of Campbell Soup’s international business and represents the latest in a series of consumer sector investments by private equity firm KKR.

KKR pays US$2.2 billion for Tim Tam maker Arnott’s as Campbell Soup retreats to focus on core North American market
US-China tech war shrouded by ‘new red scare’ as Donald Trump cracks down on IP theft

As more federal cases are filed against Chinese firms, lawyers and Chinese scientists fear that prosecution is increasingly racially charged.

6 Aug 2019 - 10:29AM

As more federal cases are filed against Chinese firms, lawyers and Chinese scientists fear that prosecution is increasingly racially charged.

US-China tech war shrouded by ‘new red scare’ as Donald Trump cracks down on IP theft
Standard Chartered’s first half profit declines 6 per cent, beats analysts expectations

‘Geopolitical pressures’, such as the US-China trade war, have weighed on investor activity, Standard Chartered CEO Bill Winters says

1 Aug 2019 - 11:11PM

‘Geopolitical pressures’, such as the US-China trade war, have weighed on investor activity, Standard Chartered CEO Bill Winters says

Standard Chartered’s first half profit declines 6 per cent, beats analysts expectations
Profits of Hong Kong-listed firms at risk as US-China trade war rages

More than two dozen Hong Kong-listed firms have issued profit warnings because of trade war effects since the end of June.

1 Aug 2019 - 10:20AM

More than two dozen Hong Kong-listed firms have issued profit warnings because of trade war effects since the end of June.

Profits of Hong Kong-listed firms at risk as US-China trade war rages
Hong Kong visual effects studio chief discusses creation of Marvel supervillain Thanos

Daniel Seah, chief executive of Digital Domain Holdings, said the Hong Kong-listed company spent two years designing the digital avatar for Marvel supervillain Thanos in two blockbuster films. The company created about 800 shots used in Avengers: Infinity War and Avengers: Endgame.

30 Jul 2019 - 10:21AM

Daniel Seah, chief executive of Digital Domain Holdings, said the Hong Kong-listed company spent two years designing the digital avatar for Marvel supervillain Thanos in two blockbuster films. The company created about 800 shots used in Avengers: Infinity War and Avengers: Endgame.

Hong Kong visual effects studio chief discusses creation of Marvel supervillain Thanos
Digital Domain, Hong Kong-based visual effects studio behind Avengers and Titanic is betting on future of 5G, virtual reality

Hong Kong-listed Digital Domain, which designed Thanos for Avengers: Infinity War and Avengers: Endgame, is investing in virtual reality, interactive technology

30 Jul 2019 - 9:56AM

Hong Kong-listed Digital Domain, which designed Thanos for Avengers: Infinity War and Avengers: Endgame, is investing in virtual reality, interactive technology

Digital Domain, Hong Kong-based visual effects studio behind Avengers and Titanic is betting on future of 5G, virtual reality
Fewer wealthy Asians are upbeat about the world’s economic outlook, as US-China trade war drags on and weighs on sentiment

Majority of investors are worried about volatility caused by the trade war, markets declining, according to a survey conducted by UBS

26 Jul 2019 - 10:37PM

Majority of investors are worried about volatility caused by the trade war, markets declining, according to a survey conducted by UBS

Fewer wealthy Asians are upbeat about the world’s economic outlook, as US-China trade war drags on and weighs on sentiment
Arrival of OOCL’s massive cargo container vessel in Hong Kong heralds China’s growing power in shipping

Berthing of the OOCL Hong Kong, whose ultimate owner is Cosco, comes as China ascends through the ranks to become a dominant force in global shipping

25 Jul 2019 - 11:04PM

Berthing of the OOCL Hong Kong, whose ultimate owner is Cosco, comes as China ascends through the ranks to become a dominant force in global shipping

Arrival of OOCL’s massive cargo container vessel in Hong Kong heralds China’s growing power in shipping
Hong Kong’s Exchange Fund earns record HK$170.8 billion in first half of 2019, driven by bond portfolio as central banks turn dovish

Hong Kong’s Exchange Fund, the war chest used to keep the city’s currency stable against short sellers, reported investment returns of HK$170.8 billion in the first half this year, a record high, driven primarily by gains in its bond portfolio, according to the HKMA.

24 Jul 2019 - 11:54PM

Hong Kong’s Exchange Fund, the war chest used to keep the city’s currency stable against short sellers, reported investment returns of HK$170.8 billion in the first half this year, a record high, driven primarily by gains in its bond portfolio, according to the HKMA.

Hong Kong’s Exchange Fund earns record HK$170.8 billion in first half of 2019, driven by bond portfolio as central banks turn dovish
Global bull run could continue for as long as two years, but may be ‘noisy’ for investors, Investec Asset Management says

The bull market and the longest economic expansion globally since the second world war will continue for as long as another 18-24 months, but it could be a “noisy” one for investors, according to Investec Asset Management.

22 Jul 2019 - 10:11PM

The bull market and the longest economic expansion globally since the second world war will continue for as long as another 18-24 months, but it could be a “noisy” one for investors, according to Investec Asset Management.

Global bull run could continue for as long as two years, but may be ‘noisy’ for investors, Investec Asset Management says
Tensions between US-China over trade, technology ‘persistent’, could last for years, BlackRock says

The US-China trade war is weighing on confidence in capital expenditure and manufacturing, according to the BlackRock Investment Institute.

18 Jul 2019 - 11:07PM

The US-China trade war is weighing on confidence in capital expenditure and manufacturing, according to the BlackRock Investment Institute.

Tensions between US-China over trade, technology ‘persistent’, could last for years, BlackRock says