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There is a high probability China will meet its annual growth target of 4.5 to 5 per cent, according to an economist. Photo: EPA
Banking & finance

Resilient economy lifts Chinese banks, but property debt drags, experts say

Steady growth and stabilising China-US ties support banks, with PBOC expected to keep rates steady, according to economists.

Accounting and auditing

Hong Kong court to hear Evergrande liquidators’ lawsuit against PwC on Monday

Banking & finance

Hong Kong regulator now a ‘collection agent’ for wronged investors

Banking & finance

Stephen Miran, Trump’s economic guru, is leaving the Fed. What happens now?

Miran quit his job as a Trump economic adviser to join the US Federal Reserve board, where he became known as a vocal dove.

Stephen Miran became one of the US Federal Reserve’s most vocal doves during his short tenure on the central bank’s board of governors. Photo: AP
Stephen Miran became one of the US Federal Reserve’s most vocal doves during his short tenure on the central bank’s board of governors. Photo: AP
Hong Kong property

Chow Tai Fook turns from tenant to owner with Hong Kong school property deal

Cheng family entities acquire DSC International School site, with the purchase a bet on demand for international schools in city: analysts.

Electric & new energy vehicles

Tesla lures budget-conscious Chinese buyers ahead of state visit by Trump

US President Donald Trump’s entourage for his three-day trip to China includes Tesla CEO Elon Musk and Tim Cook of Apple.

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Hong Kong property

Hong Kong’s first biodiversity loan goes to Henderson Land for Central Yards

Loan from HSBC and Hang Seng Bank, reportedly worth US$12.8 million, enhances city’s stature in sustainable finance, parties say.

Henderson Land paid a record-setting sum of about US$6.5 billion for a 50-year land grant to the Central Yards site in 2021. Photo: Handout
Henderson Land paid a record-setting sum of about US$6.5 billion for a 50-year land grant to the Central Yards site in 2021. Photo: Handout
Banking & finance

Xi-Trump meeting could lift Chinese stocks 12%: Morgan Stanley

‘Moderate’ upside is possible as investors ‘direct attention back to China somewhat’, assuming trade truce is extended, bank says.

Artificial intelligence

How ByteDance plans to turn OpenClaw craze into a profitable AI business

ArkClaw’s subscription model and surging token demand mark ByteDance’s new approach to agent economics.

Banking & finance

Hong Kong-listed firm uses AI to make nano-rockets to deliver life-saving drugs

METiS TechBio debuts on Hong Kong stock market as its CEO compares the drug design start-up to SpaceX for the pharmaceutical industry.

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METiS TechBio debuts on Hong Kong stock market and raises HK$2.11 billion (US$269.5 million) from the sale of 201.23 million shares at HK$10.50 each. Photo: Jelly Tse
Yuan

How Australia’s mining giants are helping China to globalise the yuan

Mining firms are increasingly using the yuan for financing and settlements, as China pushes to reduce its reliance on the US dollar.

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Cranes unload bauxite ore imported from Australia at a port in China’s eastern Shandong province. Photo: Reuters
Cranes unload bauxite ore imported from Australia at a port in China’s eastern Shandong province. Photo: Reuters
Gold in Hong Kong

Record gold ETF inflows lift Hong Kong’s global trading hub bid

As investors hedge against global risks, Hong Kong’s gold ETF inflows reinforce its emergence as a key trading centre.

Wealth management

Chinese successors assume control sooner as US$11 trillion wealth transfer looms

Asia-Pacific’s largest intergenerational wealth transfer in modern times is set to transpire over the next 20 to 30 years, UBS says.

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Banking & finance

Investors bet CK Hutchison is exiting a mature sector at right time – once again

Disposal of VodafoneThree adds to Li family’s record of cycle-savvy moves, with investors weighing where war chest will flow next.

For decades, the Li family, which controls CK Hutchison, has built a reputation for exiting businesses near the top of market cycles, according to analysts. Photo: Sam Tsang
Hong Kong property

Rental yields, redevelopment gains drive home sales in Hong Kong’s To Kwa Wan

Demand for 2 projects fuels busiest sales weekend in 19 months as developers market the district as part of a wider redevelopment corridor.

Developers are repositioning To Kwa Wan as part of a broader redevelopment corridor linked to Kai Tak and Hung Hom. Photo: Handout
Developers are repositioning To Kwa Wan as part of a broader redevelopment corridor linked to Kai Tak and Hung Hom. Photo: Handout
Banking & finance

Trump’s pick for Fed chair says he’ll stay independent. Does he mean it?

Kevin Warsh said at a confirmation hearing he would not become the US president’s ‘human sock puppet’, but concerns over interference persist.

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Banking & finance

Hong Kong secures US$3.5 billion to fund Northern Metropolis and green projects

Global investors pile into city’s latest bond sale, with orders 7.6 times oversubscribed, backing its green finance ambitions.

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Artificial intelligence

Exclusive | DeepSeek to soon close first external fundraising in US$50b valuation: sources

Backers include AI-focused affiliates under the third phase of the China Integrated Circuit Industry Investment Fund, sources say.

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A man takes a photo of a DeepSeek display at a shopping mall in Hangzhou, in China’s eastern Zhejiang province, on April 23. Photo: AFP
A man takes a photo of a DeepSeek display at a shopping mall in Hangzhou, in China’s eastern Zhejiang province, on April 23. Photo: AFP
Gold in Hong Kong

Hong Kong prepares for gold futures trading: will the fourth time be the charm?

As HKEX eyes relaunch of gold futures, experts suggest extended hours, tax breaks, and storage facilities to ensure success.

Electric & new energy vehicles

China’s move to cut EV payment cycles may push weaker carmakers out: S&P

China’s weaker EV makers may soon be running on fumes as tighter payment cycles squeeze cash flow and curb price wars.

Banking & finance

Hong Kong pushes gold futures relaunch as mainland China reserves climb

City aims to broaden gold offerings and expand clearing and storage facilities to seize opportunities in the surging market.

Hong Kong’s gold market has seen rising activity amid the Middle East turmoil. Photo: dpa
Stocks

As US stocks hit record highs, will investors keep buying or stay diversified?

US equities rally amid easing Middle East tensions, but global investors remain cautious, focusing on diversification and China’s prospects.

American flags fly outside the New York Stock Exchange. Photo: AP
American flags fly outside the New York Stock Exchange. Photo: AP
Yuan

China sets yuan at strongest level in 3 years as US dollar jitters simmer

Beijing is pushing for a stronger yuan to help globalise the currency, but the upswing could create issues for the country’s export giants.

Business of climate change

Canadian Solar elevates Hong Kong role amid industry slump, geopolitical strain

Energy storage unit EP Cube eyes Hong Kong hiring and potential IPO as the group expands into higher-value markets.

Banking & finance

HSBC profit flat as Middle East provisions offset wealth growth

HSBC stock slides 5.2 per cent as higher credit charges linked to Middle East uncertainty and UK exposure offset wealth business growth.

HSBC’s first-quarter pre-tax profit fell 1 per cent to US$9.38 billion, below the consensus forecast of US$9.59 billion. Photo: Karma Lo
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