The Connect Hall at Hong Hong Exchanges and Clearing (HKEX) in Central, pictured on July 8, 2022. Photo: SCMP / Jonathan Wong
Hong Kong stock market
Hong Kong plans to start yuan stock trading in first half of 2023: official
3 Oct 2022 - 5:19PM

The yuan share trading plan, first unveiled by Financial Secretary Paul Chan Mo-po in February, is part of the government’s efforts to enhance the city’s position as an international financial centre.

The Connect Hall at Hong Hong Exchanges and Clearing (HKEX) in Central, pictured on July 8, 2022. Photo: SCMP / Jonathan Wong
Hong Kong plans to start yuan stock trading in first half of 2023: official

The yuan share trading plan, first unveiled by Financial Secretary Paul Chan Mo-po in February, is part of the government’s efforts to enhance the city’s position as an international financial centre.

3 Oct 2022 - 5:19PM
China’s new tax cuts for private pensions likely to lure participants

Tax on withdrawal of funds is down to 3 per cent from 7.5 per cent, a move likely to drive participation and buoy a market seen reaching US$1.4 trillion by 2030.

6 hours ago
Vodafone confirms potential tie-up with Hutchison’s Three UK

A combination of Vodafone and Three UK has been speculated for years, and Vodafone has teamed up with CK Hutchison in other markets including Australia.

2 hours ago
The long-awaited preferential tax policies are regarded as a major tool for attracting people to enrol in the voluntary pension scheme. Photo: AFP
China’s new tax cuts for private pensions likely to lure participants

Tax on withdrawal of funds is down to 3 per cent from 7.5 per cent, a move likely to drive participation and buoy a market seen reaching US$1.4 trillion by 2030.

6 hours ago
Mergers & Acquisitions
Vodafone confirms potential tie-up with Hutchison’s Three UK

A combination of Vodafone and Three UK has been speculated for years, and Vodafone has teamed up with CK Hutchison in other markets including Australia.

A combination of Vodafone and Three UK has been speculated for years, and Vodafone has teamed up with CK Hutchison in other markets including Australia.

2 hours ago
Hong Kong stock market
No respite for Hong Kong stocks at 11-year low as HSBC, Tencent drag market

Stocks found no traction even after a 21 per cent slump last quarter, with traders wary of losses before the local market pauses on Tuesday for a holiday. Tencent, HSBC and Alibaba led decliners.

Stocks found no traction even after a 21 per cent slump last quarter, with traders wary of losses before the local market pauses on Tuesday for a holiday. Tencent, HSBC and Alibaba led decliners.

3 Oct 2022 - 5:12PM
Global funds are pulling out from Asia faster than during the 2008 crisis

Net selling in Asian markets in September overturned gains in August, the only positive month in 2022, Goldman says in a report. The exodus since January has surpassed the level seen during the 2008 crisis.

3 Oct 2022 - 4:58PM
Global funds are pulling out from Asia faster than during the 2008 crisis
China’s Sinopec set to delist from London just a month after NYSE exit

Sinopec plans to delist from London Stock Exchange on November 1, with market observers saying that other mainland Chinese companies could exit overseas markets amid rising political and economic risks.

3 Oct 2022 - 3:30PM
China’s Sinopec set to delist from London just a month after NYSE exit
No respite for Hong Kong stocks at 11-year low as HSBC, Tencent drag market

Stocks found no traction even after a 21 per cent slump last quarter, with traders wary of losses before the local market pauses on Tuesday for a holiday. Tencent, HSBC and Alibaba led decliners.

3 Oct 2022 - 5:12PM
Global funds are pulling out from Asia faster than during the 2008 crisis

Net selling in Asian markets in September overturned gains in August, the only positive month in 2022, Goldman says in a report. The exodus since January has surpassed the level seen during the 2008 crisis.

3 Oct 2022 - 4:58PM
China’s Sinopec set to delist from London just a month after NYSE exit

Sinopec plans to delist from London Stock Exchange on November 1, with market observers saying that other mainland Chinese companies could exit overseas markets amid rising political and economic risks.

3 Oct 2022 - 3:30PM
Hong Kong stocks hit the lowest since 2011 as rate hikes fan recession risk

Stocks suffered steep losses as the Hang Seng Index hit the level not seen since December 2011 on concerns higher borrowing costs will crush demand and push the global economy into a recession.

Stocks suffered steep losses as the Hang Seng Index hit the level not seen since December 2011 on concerns higher borrowing costs will crush demand and push the global economy into a recession.

22 Sep 2022 - 4:57PM
Hong Kong’s biggest banks raise prime rates for first time in 4 years

Hong Kong’s Financial Secretary Paul Chan Mo-po has warned the city to expect “negative growth” in the local economy this year.

Hong Kong’s Financial Secretary Paul Chan Mo-po has warned the city to expect “negative growth” in the local economy this year.

23 Sep 2022 - 9:06AM
Hong Kong’s base rate soars 75 basis points to the highest in 14 years

Hong Kong’s rate increase, conducted in concert with US monetary policy to preserve the city’s currency peg to the US dollar since 1983, came at an inopportune moment for the local economy.

Hong Kong’s rate increase, conducted in concert with US monetary policy to preserve the city’s currency peg to the US dollar since 1983, came at an inopportune moment for the local economy.

22 Sep 2022 - 6:07PM

Business | OPINION

US President Joe Biden attends a groundbreaking ceremony for a new Intel semiconductor manufacturing facility in Ohio, US, on September 9. Photo: Bloomberg
Inside Out | US-China chip war offers glimpse of a future no one wants

A deglobalising world would be far less efficient and a lot more paranoid – just look at US attempts to block China from the global semiconductor market. Such efforts force other chip-making economies to choose sides and raise the risk that China will seek to domesticate its entire supply chain – real decoupling.

3 Oct 2022 - 5:30AM
Macroscope | Drums of war drowning out calls to fight climate change and poverty

Despite the prospect of protracted fiscal and monetary austerity, defence budgets around the world are ballooning. This is absurd when the world should be focusing on preventing pandemics, surviving climate change and eradicating poverty.

Despite the prospect of protracted fiscal and monetary austerity, defence budgets around the world are ballooning. This is absurd when the world should be focusing on preventing pandemics, surviving climate change and eradicating poverty.

3 Oct 2022 - 3:30AM
Drums of war drowning out calls to fight climate change and poverty
Opinion | Digital tech can revolutionise Hong Kong’s industries in climate fight

Research shows that AI, machine learning and automation can accelerate decarbonisation and cut emissions by up to 20 per cent by 2050. Scaled up across industries, digital solutions could be most effective at reducing emissions in the three highest-emitting sectors – energy, materials and transport.

Research shows that AI, machine learning and automation can accelerate decarbonisation and cut emissions by up to 20 per cent by 2050. Scaled up across industries, digital solutions could be most effective at reducing emissions in the three highest-emitting sectors – energy, materials and transport.

2 Oct 2022 - 2:30PM
Digital tech can revolutionise Hong Kong’s industries in climate fight

Business | Explore more