Karen Yeung

Karen joined the SCMP in 2017 after more than 15 years experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.

The onshore yuan, traded inside mainland China, fell by as much as 0.07 per cent to touch a fresh 21-month low on Friday before rebounding 0.05 per cent Thursday’s close to stand at 6.9338 against the dollar at mid-afternoon on Friday. Photo: AP

Wealth

Yuan halts slide against US dollar after PBOC comments

19 Oct 2018 - 2:11pm 2

China’s moves to open financial markets to foreign investors risk a weaker yuan, analysts say

China Business

China’s opening of financial markets may weaken yuan, analysts say

18 Oct 2018 - 10:36pm 1

China’s benchmark Shanghai Composite Index finished lower by 0.8 per cent on Tuesday, marking its lowest close since November 2014. Photo: EPA-EFE

Stock Talk

Chinese stocks hit fresh four-year low on economy, trade fears

18 Oct 2018 - 1:37pm

Macau casino shares down 40 per cent since June as trade war deters Chinese high rollers

Companies

Macau casino shares struggle as trade war deters high rollers

16 Oct 2018 - 11:25pm 2

A brokerage house in Shanghai. China’s benchmark Shanghai Composite Index declined by 1.5 per cent on Monday. Photo: AFP

Companies

Shares drop as Trump Administration gets ‘even tougher on China’

15 Oct 2018 - 10:52pm 2

The global algorithmic trading market is expected to grow to US$18.16 billion by 2025 from US$8.79 billion in 2016 – but are the technology, artificial intelligence and electronic trading systems involved regulated strictly enough?

Banking & Finance

British standards-setting chief warns of rise in AI risk to financial markets

14 Oct 2018 - 8:36pm

The People’s Bank of China wants to hold gold as a form of currency as well as store of value. Photo: Shutterstock

Commodities

Chinese central bank steps up gold holdings amid trade war

9 Oct 2018 - 2:44pm 11

Onshore yuan, traded on the mainland, slid 0.82 per cent to 6.9253 against the US dollar, marking the biggest daily decline since July 19. Photo: Reuters

Companies

China stocks, yuan tumble amid worries about slowing economy

8 Oct 2018 - 6:16pm

Chinese developers have been squeezed by China’s lending curbs. Photo: AFP

Stock Talk

Troubled Chinese developer misses US$204 million in bond payments

5 Oct 2018 - 10:32pm 1

Lenovo shares fell as much as 22.8 per cent in early Hong Kong trade on Friday. Photo: Bloomberg

Companies

‘Chip hack’ report: Lenovo and ZTE decline sharply in Hong Kong

5 Oct 2018 - 11:29pm 9

The Manulife Financial headquarters in Toronto, Canada. The insurer is traded on stock exchanges in Toronto, New York, Manila and Hong Kong. Photo: Shutterstock

Companies

Manulife faces ‘billions in losses’, stock drops to bear territory

5 Oct 2018 - 4:55pm

A Chinese bank clerk counts stacks of 100-yuan notes at a bank in Huaibei. Photo: AFP

China Economy

USMCA foreign exchange clause could be included in future deals

4 Oct 2018 - 11:05pm 2

Hong Kong dollar eases to two-week low, while yuan hovers near 6.9000 level

Stock Talk

Hong Kong stocks slip to three-week low on fears over slowing economy

4 Oct 2018 - 11:05pm 9

Counting out 100 yuan (US$14.6) notes at a bank in Shanghai. It has started appealing more as a reserve currency after the Chinese central bank emphasised the need for its stability. Photo: AFP

Wealth

China yuan gains as reserve asset but still well behind US dollar

2 Oct 2018 - 11:24pm 3

Hong Kong stocks closed lower on Tuesday. Photo: Winson Wong

Stock Talk

Hong Kong stocks shed 2.4 per cent on China slowdown fears

2 Oct 2018 - 11:29pm 9

The People’s Bank of China uses short-term bill sales as a tool to absorb excessive cash from lenders when it wants to curb inflation or an overheating economy. Photo: Simon Song

Banking & Finance

China bill sales will boost yuan by expanding investment options in Hong Kong

30 Sep 2018 - 11:12pm 1

The onshore yuan dropped by 3.95 per cent against the US dollar in the third quarter. Photo: Reuters

Wealth

In longest losing streak, Yuan drops against dollar in third quarter

28 Sep 2018 - 11:09pm 5

US Federal Reserve Chairman Jerome Powell speaks in Washington after raising short-term interest rates by a quarter of a percentage point. Photo: Xinhua

Stock Talk

Fed rate rise sends Hong Kong, China stocks lower

27 Sep 2018 - 5:36pm 1

Investors monitor stock prices at a securities company in Shanghai. Global index compiler MSCI is looking to increase the weighting of Chinese stocks in its indexes. Photo: AFP

China Business

MSCI considers quadrupling Chinese stocks’ weightings

26 Sep 2018 - 11:01pm

epa01898540 Chinese characters point out the programme of this year's Guest of Honour China to the visitors of the Book Fair 2009 in Frankfurt, Germany, 15 October 2009. Some 300,000 visitors are expected at this year's book fair. EPA/BORIS ROESSLER

Banking & Finance

How a global payment system cashes in on the yuan’s increased use

26 Sep 2018 - 10:30pm 3

Hong Kong’s money rate soars to decade high before US Fed raises key interest rates

Markets & Investing

Hong Kong’s money cost soars to decade high before US raises rates

24 Sep 2018 - 11:28pm 2

China Evergrande is acquiring a big stake in Guanghui GroupPhoto: Reuters

Companies

China Evergrande to diversify into vehicles, energy amid clampdown on home prices

24 Sep 2018 - 5:12pm

A woman wears a protective face mask to fight bad air pollution on a street in Beijing this summer. Photo: AFP

Money News

China leads global focus on green financing, says top PBOC official

12 Oct 2018 - 2:56pm 4

The Hong Kong dollar surged by as much as 0.63 per cent to 7.7930 per US dollar on Friday. Photo: Shutterstock

Banking & Finance

Hong Kong dollar rises after China says will sell bills in city

21 Sep 2018 - 11:28pm 2

Chinese stocks slip lower, taking breather after recent gains related to Beijing’s stabilising measures

Stock Talk

Chinese stocks slip lower, taking breather after gains related to stabilising measures

20 Sep 2018 - 7:32pm

Marina Bay in Singapore. A Ping An offshoot is targeting wealthy investors in the southeast Asian republic. Photo: Reuters

Wealth

Ping An to cast tech spotlight on Singapore’s wealth market

20 Sep 2018 - 11:03pm

Chinese stocks continued to rise for a second day on Wednesday. Photo: AP Photo

Stock Talk

China, Hong Kong stocks rally on optimism that US tariffs are priced in

19 Sep 2018 - 5:29pm

China’s yuan is gradually depreciating towards the psychologically important level of 6.9 per US dollar. Photo: Bloomberg

Banking & Finance

PBOC lowers yuan fix to three-week low after fresh tariff salvo by Washington

18 Sep 2018 - 11:43pm

Hong Kong stocks were under pressure in morning trade on Tuesday, hours after Washington formally unveiled new tariffs on US$200 billion worth of Chinese goods. They pared back those losses to end higher. Photo: Dickson Lee

Markets

Stocks rise on hopes China will act to boost economy amid trade war

18 Sep 2018 - 5:26pm 1

Investors are staying cautious as they brace for the US to announce further tariffs on Chinese goods this week. Photo: AP

China Business

China and Hong Kong stocks fall as new US tariffs seem a done deal

17 Sep 2018 - 11:08pm

Hong Kong’s Central business district. It is expected that China Investment Fund will be included in the list of firms traded through the Hong Kong and Shenzhen Stock Connect. Photo: AFP

Stock Talk

China Investment Fund surges by 22 per cent on new share placement

10 Sep 2018 - 4:32pm

A currency dealer in Quetta, Pakistan. As of the end of the second quarter, overseas institutional and individual holdings of yuan-denominated financial assets totalled US$717 billion, according to ICBC International. Photo: AFP

Economy

Why the trade war is helping China achieve a long-term financial goal

9 Sep 2018 - 11:20pm 133

Entertainment Plus dominates the online ticketing sector in China with a 60.9 per cent market share. Photo: Handout

Companies

Tencent-backed Entertainment Plus seeks US$1 billion Hong Kong listing

4 Sep 2018 - 10:46pm

Mainland workers push a locally manufactured steel structure. Photo: AFP

Banking & Finance

PBOC adviser warns against rapid deterioration of corporate debt quality

3 Sep 2018 - 6:48pm

A brokerage house in Shanghai. MSCI also increased the weighting of Chinese large caps to about 0.8 per cent of the index from 0.4 per cent. Photo: Reuters

Stock Talk

Demand for A shares to rise after second phase of MSCI inclusion

1 Sep 2018 - 6:02am

The first batch of virtual bank licences is expected to be issued around the end of this year or the first quarter of 2019. Photo: Shutterstock

Wealth

Hong Kong virtual bank licence will be out of reach for all but a few, says fintech boss

31 Aug 2018 - 5:47pm

An employee uses a machine to count 100 yuan notes at a bank in Shanghai. The People’s Bank of China said on Friday it would proactively guide the market in the face of a stronger US dollar and the ongoing trade war between Washington and Beijing. Photo: AFP

Stock Talk

Stocks rally after Chinese central bank moves to stabilise yuan

27 Aug 2018 - 11:05pm

The yuan has slid against the US dollar this year. Photo: Kyodo

Stock Talk

Offshore yuan rallies, briefly touching 1-month high after fix tweak

27 Aug 2018 - 6:49pm 1

Hong Kong stocks slipped for a second session as investors worried about interest rates and the US-China trade war. Photo: Sam Tsang

Stock Talk

Hong Kong stocks slip again as trade war, interest rate uncertainties weigh

24 Aug 2018 - 9:00pm

An employee counts HK$1,000 banknotes inside the Hang Seng Bank. Photo: Bloomberg

Wealth

Monetary Authority steps in – again – to prop up Hong Kong dollar

24 Aug 2018 - 6:01pm 7

Shares on Hong Kong’s stock exchange, shown above, have been weighed down by the US-China trade war and expected higher borrowing costs. Photo: Sam Tsang

Stock Talk

Hong Kong stocks retreat on signal of coming US rate rise

23 Aug 2018 - 6:44pm

Hong Kong stocks closed higher on Wednesday. Photo: Sam Tsang

Market Snapshot

Hong Kong stocks rise to one-week high, led by Ping An Insurance

22 Aug 2018 - 7:14pm 1

AAC Technologies, a major supplier of components to Apple, reported a fall in second-quarter net profit. Photo: AP

Companies

Shares in Apple supplier AAC touch lowest in 18 months as earnings fall short

22 Aug 2018 - 11:02pm

Hong Kong’s Hang Seng Index gained slightly on Tuesday as pharmaceuticals and developers rose. Photo: Shutterstock

Stock Talk

Hong Kong stocks rise as developers, health care firms gain

21 Aug 2018 - 6:47pm

Hong Kong shares rose on Monday, recovering some of their recent losses. Photo: Sam Tsang

Stock Talk

Hong Kong, China stocks get lift from trade talks and call for banks to lend more

20 Aug 2018 - 7:21pm 1

The yuan strengthened this week, but is down about 10 per cent against the US dollar since its March peak. Photo: EPA

Wealth

Yuan strengthens on reports of lending curbs by central bank

17 Aug 2018 - 11:13pm 1

On Wednesday, the HKMA bought HK$14.6 billion as the Hong Kong dollar fell to the lower limit of its permitted trading band. Photo: Shutterstock

Money

Hong Kong props up currency again as higher mortgages loom

16 Aug 2018 - 11:05pm 9