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HSBC Holdings is the largest banking group in Europe and Hong Kong by assets. Photo: Reuters
Banking & finance

HSBC profit falls 7% but beats estimates despite property woes, Madoff lawsuits

HSBC’s pre-tax profit last year declined to US$29.9 billion from US$32.3 billion a year earlier, but beat estimates of US$28.86 billion.

Banking & finance

Why China’s rise as a ‘financial superpower’ could depend on Hong Kong

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China stock market

China’s top court backs legal action against corrupt firms amid equity rally

Banking & finance

Standard Chartered’s 2025 profit jumps 16% buoyed by wealth management growth

The London-based bank’s underlying pre-tax profit stood at US$7.9 billion last year, versus a gain of US$6.8 billion in 2024.

Standard Chartered Bank is one of Hong Kong’s three note-issuing banks. Photo: Nathan Tsui
Standard Chartered Bank is one of Hong Kong’s three note-issuing banks. Photo: Nathan Tsui
Electric & new energy vehicles

China’s EV insurers move towards profitability on higher premiums, AI adoption

Chinese insurers are turning to AI as the technology cuts labour costs and enhances pricing accuracy.

Hong Kong property

Hong Kong home sales head for 22-year high as developers test price resilience

Deep discounts that were offered by developers to reduce unsold inventory may be a thing of the past, analysts say.

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Banking & finance

Hong Kong, UAE solidify financial links with regulatory ties, digital currency

Transaction volume under Project mBridge surged over 2,500-fold from the early 2022 pilot levels to more than US$55 billion by November 2025.

A view of the Dubai skyline in the United Arab Emirates. Photo: Getty Images
A view of the Dubai skyline in the United Arab Emirates. Photo: Getty Images
Banking & finance

HSBC cuts 10% of US debt team as restructuring gathers pace

At least six New York staff laid off as the bank presses ahead with a global overhaul aimed at saving US$1.5 billion a year.

Banking & finance

HK$10,000 bonus, extra day off: Hong Kong banks reward staff returning to work

Bank of China (Hong Kong) is giving away hampers, ZA Bank is paying a HK$10,000 bonus, while HSBC and Hang Seng are offering HK$500.

Fintech

Can Hong Kong lead a digital gold trading revolution with blockchain innovation?

Beyond banks, asset managers, fintechs and crypto firms are racing to launch innovative tokenised gold products for investors.

Tokenised gold is giving investors a new way to hold the metal, easing pain points around access, custody, transfer and trading. Photo: Shutterstock
Mainland China

UBS China venture faces wrath of silver investors after valuation change

More than 200,000 people file complaints as UBS SDIC’s attempted remedy for sudden change of fund’s price benchmark falls flat with some.

Silver bars weighing 500 grams are displayed at the Austrian Gold and Silver Refinery in Vienna on February 3, 2026. Photo: AFP
Silver bars weighing 500 grams are displayed at the Austrian Gold and Silver Refinery in Vienna on February 3, 2026. Photo: AFP
Banking & finance

Hong Kong banks lure wealthy clients with gold, mahjong sets, fireworks

HSBC, Hang Seng Bank, Standard Chartered, Citibank and DBS offer the metal to select clients while it hovers near a record high.

Banking & finance

Can Hong Kong’s MPF members repeat record gains in Year of the Horse?

Volatility looms in the Year of the Horse, analysts forecast, after the Year of the Snake delivered estimated earnings of US$32 billion.

International Property

Year of the Horse kicks off with property mega-deals returning to Asia-Pacific

Large institutional capital is flowing back into Asia-Pacific property, with offices, retail and hotels leading early recovery signs.

Shanghai surprise: the Asia-Pacific region’s property markets have surged 130 per cent since 2024. Photo: Shutterstock
Bitcoin

Crypto rout set to deepen as Standard Chartered warns of further downside risks

Bank expects a ‘price capitulation in the next few months’ before recovering for the rest of the year.

A bitcoin ATM in San Rafael, California. Photo: Getty Images via AFP
A bitcoin ATM in San Rafael, California. Photo: Getty Images via AFP
Hong Kong property

Exclusive | Box office bust? The show may be over for another Hong Kong cinema

IFC Mall is reportedly looking at the big picture as it explores potential tenants to replace upscale movie theatre Palace IFC.

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Artificial intelligence

China’s Lenovo warns of ‘prolonged’ memory crunch, looks to AI for rebound

Top PC maker posts a 21 per cent profit drop amid chip squeeze, but bets on AI-powered devices to sustain growth amid industry upheaval.

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Banking & finance

Hong Kong banks’ profit growth slows amid rising bad debt, slim margins

Profit growth slows to 7.3 per cent from 8.4 per cent a year earlier as bad loans exceed two-decade average, HKMA says.

The headquarters of Standard Chartered Bank and HSBC are seen in Central on March 23, 2025. Photo: Eugene Lee
The headquarters of Standard Chartered Bank and HSBC are seen in Central on March 23, 2025. Photo: Eugene Lee
IPO

Shenzhen-listed Unisplendour abandons plan to raise funds in Hong Kong

The Tsinghua Holdings arm, however, will raise US$800 million via a private share placement on Shenzhen exchange.

Banking & finance

Hong Kong bridges traditional, digital finance with new virtual asset initiatives

The first initiative will allow licensed virtual asset brokers to offer margin financing to clients with strong credit profiles.

Made in China 2025

Capital injection: China backs AI drug makers in self-reliance drive

A wave of government-linked investment is boosting Chinese AI drug makers, underscoring Beijing’s drive to build its own biotech ecosystem.

The recent wave of investment in AI drug development aligns with Beijing’s drive for technological self-sufficiency. Photo: Shutterstock
Banking & finance

China’s property woes likely to hurt some Hong Kong banks’ 2025 earnings: Citi

Bank of China (Hong Kong) and Bank of East Asia could be affected the most as they have the highest exposure to China’s property sector.

Residential buildings in Beijing’s Chaoyang Park on January 6, 2026. Photo: AP Photo
Residential buildings in Beijing’s Chaoyang Park on January 6, 2026. Photo: AP Photo
Yuan

China keen to realise ambitions for digital currency amid slow uptake

Despite record transactions last year, most users prefer alternatives – while Beijing likely to maintain gradual expansion, analysts say.

Family offices

Hong Kong adds 681 family offices as wealthy shift focus from US: Deloitte

The auditing firm’s survey shows a 25 per cent increase in the city’s single-family offices over two years, with the affluent wary of US volatility.

Banking & finance

Mainland China’s investors pour into Hong Kong-listed drug stocks

An index tracking Stock Connect buying of 40 mainland drug firms gains 9 per cent in a week as China’s industry heft grows.

An employee works on a drug production line at a pharmaceutical company in Meishan, China, on January 30, 2024. Photo: NurPhoto via Getty Images
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