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Illustration: Henry Wong
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

Artificial intelligence

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

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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.

HKEX aims to relaunch gold futures in the coming months and has sought market feedback to refine the plan. Photo: Dickson Lee
HKEX aims to relaunch gold futures in the coming months and has sought market feedback to refine the plan. Photo: Dickson Lee
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.

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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
Gold in Hong Kong

Gold rush: Hong Kong bullion imports from Dubai jump amid US-Iran war

Gold traders from the Middle East and Russia have been selling physical gold in Hong Kong at a discount of 15 to 20 per cent since early April.

Tourists admire gold jewellery at the Gold Souq in Dubai. Photo: Shutterstock
Tourists admire gold jewellery at the Gold Souq in Dubai. Photo: Shutterstock
Banking & finance

Kazakhstan’s AIFC discussing stock-trading links with Shanghai, Hong Kong

Cross-border trading connections could start with ETFs, says special economic zone’s governor.

Hong Kong stock market

Ant Group’s bank adds stock trading to Alipay app in Hong Kong

Move comes weeks after Ant Group strengthened foothold in city’s brokerage market through acquisition of stake in Bright Smart Securities.

Wealth management

Why Singapore wealth-tech firms pick Hong Kong as their first overseas market

Chocolate Finance joins Syfe and Endowus in targeting the city’s wealthy population and idle savings.

People cross a street in Central on October 20, 2025. Photo: Jonathan Wong
International Property

Singapore’s safe-haven status draws more Chinese property investment

Mainland firms’ investments in Singapore fixed assets zoomed to 21 per cent of the total in 2025 from 2.5 per cent a year earlier.

Interest from mainland groups and their affiliates has increased bidding activity for land sales in Singapore. Photo: Shutterstock
Interest from mainland groups and their affiliates has increased bidding activity for land sales in Singapore. Photo: Shutterstock
Banking & finance

Gold, cruises and Dior: Hong Kong lenders aim to entice mainland China visitors

With 980,000 visitors from the mainland expected during golden week, Hong Kong lenders line up incentives to capture wealthy customers.

Banking & finance

China’s Big Four banks post stronger earnings as policy lending lifts growth

Strong loan growth to infrastructure and policy-backed sectors helps lift profits, while margins show early signs of stabilising.

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Banking & finance

Standard Chartered’s 19% first-quarter profit jump beats estimates

Wealth management gains support earnings, but margin pressure from lower rates and rising credit costs weigh on overall performance.

The Standard Chartered logo on Tower 1 of the Marina Bay Financial Centre in Singapore. Photo: Harvey Kong
The Standard Chartered logo on Tower 1 of the Marina Bay Financial Centre in Singapore. Photo: Harvey Kong
Interest rates

HKMA warns of interest-rate uncertainty as Fed’s trajectory remains unclear

HSBC, Standard Chartered and Bank of China (Hong Kong) keep their prime and savings rates unchanged.

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Banking & finance

Airport Authority issues record HK$19b in bonds amid strong investor demand

Investor participation was predominantly local, with more than 90 per cent from Hong Kong, according to joint bookrunner HSBC.

Hong Kong Monetary Authority (HKMA)

Hong Kong, mainland China officials meet to bolster cross-border connect schemes

HKMA’s Eddie Yue, State Administration of Foreign Exchange’s Zhu Hexin discuss ways to strengthen city’s role as a global financial hub.

The talks likely covered boosting the bond markets, expanding the wealth connect scheme, enhancing Hong Kong’s role as a yuan trading hub, and aligning with the country’s next five-year plan, according to analysts.Photo: Sam Tsang
HKEX

HKEX posts record quarterly profit, topping forecast as listings, turnover surge

Earnings jump 27 per cent to HK$5.19 billion as global capital continues to seek safe havens and access to Asian growth: CEO Bonnie Chan.

HKEX recorded its highest quarterly profit, which surpassed the HK$4.9 billion in the third quarter of 2025. Photo: Sun Yeung
HKEX recorded its highest quarterly profit, which surpassed the HK$4.9 billion in the third quarter of 2025. Photo: Sun Yeung
Business of climate change

China Resources Power’s renewable energy arm cleared for Shenzhen IPO

Listing approval for Hong Kong-listed CRP’s unit highlights strong demand for clean energy, driven by China’s long-term decarbonisation targets.

Hong Kong property

Pair of Hong Kong luxury homes sells for US$41 million as market sizzles

Mainland China property tycoon reaps 86 per cent gain on 2010 investment, following another sale in the same project that netted 77 per cent.

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Hong Kong property

Hong Kong home prices rise to 28-month high as buyers shrug off war fears

Prices of the city’s residential property rose by 1.4 per cent, showing strong resilience despite economic turbulence caused by the Iran war.

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As a thick fog gathered over Yuen Long, Hong Kong’s property prices rose by 1.4 per cent in the first quarter of 2026 and rents grew for the fifth month in a row. Photo: Eugene Lee
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