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The bank is awaiting clearance from Turkish authorities before formally approaching the Hong Kong Monetary Authority for a banking licence, sources said. Photo: Shutterstock
Banking & finance

Exclusive | Turkish private bank plans Hong Kong entry amid Middle East tensions: sources

Turkiye Is Bankasi eyes corporate-focused Hong Kong branch, citing the city’s hub role, to complete its China coverage, sources say.

Hong Kong stock market

Hong Kong stocks extend rebound on signs of diplomatic path in Iran conflict

China consumption

China consumer stocks jump on earnings, but analysts warn of limited recovery

Wealth management

Hong Kong a ‘safe harbour’ for family wealth as global tensions rise: officials

City provides a stable platform for growth and deployment of capital amid ‘uncertainty and conflicts’, Financial Secretary Paul Chan says.

Financial Secretary Paul Chan speaks at the Wealth for Good in Hong Kong Summit gala dinner on Tuesday evening. Photo: Handout
Financial Secretary Paul Chan speaks at the Wealth for Good in Hong Kong Summit gala dinner on Tuesday evening. Photo: Handout
Banking & finance

HKIC, Gobi Partners and HKU launch fund to back university research start-ups

Gobi-HKU Fund I makes first bets at launch, investing in robotics and AI drug design spin-offs born from university research breakthroughs.

Mandatory Provident Fund (MPF)

Hong Kong’s eMPF members to see 21.6% reduction in fees

The fee cut, which lowers administration costs from 0.37 per cent to 0.29 per cent, has been approved by Financial Secretary Paul Chan.

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China property

China’s Country Garden set to post up to US$320 million profit after debt revamp

The developer – once China’s largest home builder by sales – poised to swing from US$5 billion loss in 2024 to profit in 2025 on debt deal.

A Country Garden project in Beijing. Photo: Kyodo
A Country Garden project in Beijing. Photo: Kyodo
Hong Kong stock market

Hong Kong stocks rebound on hopes of a US-Iran deal as tensions ease

Hang Seng Index jumps 2.8 per cent as investors welcome signs of Iran conflict easing after Donald Trump says assaults have been withheld.

Banking & finance

Asian private equity values cash flow as fundraising falls to 12-year low

Advanced manufacturing and healthcare attract more attention at the expense of technology, media and telecommunications, Bain & Co says.

Electric & new energy vehicles

3 Chinese EV makers raise prices – but demand slowdown could force reversal

Xiaomi, Chery and FAW adjust prices amid surging chip and raw material costs, but analysts say soft sales could undermine gains.

Xiaomi is the latest EV maker to adjust pricing of some models. Photo: Reuters
Wealth management

Hong Kong family office summit draws Pop Mart billionaire among global guests

City is ‘strong and unwavering’ as wealth management hub, Chief Executive John Lee says to kick off fourth Wealth for Good summit.

Chief Executive John Lee speaks at the principal dinner of the Wealth for Good in Hong Kong Summit on Monday evening. Photo: Handout
Chief Executive John Lee speaks at the principal dinner of the Wealth for Good in Hong Kong Summit on Monday evening. Photo: Handout
Banking & finance

JPMorgan to add 10% to Asia-Pacific staff despite Middle East conflict

Hong Kong and the Greater Bay Area are central to client growth plans, ‘and we do not think that it is slowing down’, veteran banker says.

Artificial intelligence

What is ‘tokenomics’ and how would China gain the edge in an AI era?

As tokens are positioned as the AI era’s commodity, China’s energy scale and low-cost models could give it a structural edge.

Hong Kong property

Will a longer pause in rate cuts threaten Hong Kong’s property upturn?

A wait-and-see approach by Hong Kong homebuyers amid rising geopolitical uncertainties could dampen recovery in the sector.

Residential buying sentiment may soften given the reduced rate cut outlook, according to Morningstar. Photo: Dickson Lee
Commodities

Gold slides as hawkish Fed and strong US dollar override geopolitical fears

Market watchers point to fading hopes of interest rate cuts and oil-driven inflation concerns as key drivers of the decline.

A modest rebound driven by technical buying on Friday did little to alter the broader downtrend, with gold prices hovering around the US$4,500 level. Photo: DPA
A modest rebound driven by technical buying on Friday did little to alter the broader downtrend, with gold prices hovering around the US$4,500 level. Photo: DPA
Hong Kong property

‘Upstairs’ moves downstairs: Hong Kong shops head to street level as rents fall

Retailers and restaurants adjust to lower rents and weaker demand, with operators expanding at ground level and testing pop-up formats.

Banking & finance

HSBC vows to keep investing in China as new trade growth corridors emerge

HSBC’s CEO said financial institutions needed to ‘keep up’ with the rapid expansion of Chinese companies on their journey to ‘go global’.

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IPO

China’s Unitree Robotics rides humanoid tide as it targets US$610m IPO

Prospectus reveals that company’s revenue jumped 335 per cent last year, while net profit surged nearly eight times.

Unitree’s G1 robot is displayed during the World AI Cannes Festival 2026, in Cannes, France, on February 12, 2026. Photo: EPA
Unitree’s G1 robot is displayed during the World AI Cannes Festival 2026, in Cannes, France, on February 12, 2026. Photo: EPA
China stock market

Chinese stocks shake laggard image amid oil shock as green transition pays off

China’s push into renewables helps shield its markets from the latest oil turmoil, with analysts pointing to limited downside risks.

Hong Kong stock market

Hong Kong stocks mark third weekly loss as oil volatility pressures sentiment

Hang Seng Index falls for a third week as investors weigh the US-Israel war on Iran, oil swings and corporate earnings.

Hong Kong stock market

SFC prepares to inspect Hong Kong IPO listing sponsors amid quality concerns

Market regulator will soon begin inspection of investment banks amid concerns about deficiencies in listing documents and misconduct.

The inspection will focus on whether banks have complied with a circular outlining expectations on staffing and quality controls when handling IPOs, according to the SFC. Photo: Yik Yeung-man
Mainland China

Exclusive | Singapore-headquartered GLP eyes 50% rent surge as China demand fuels growth

Firm will ride Beijing’s push for domestic demand by expanding logistics, data centres and renewable energy capacity, GLP China CEO says.

A solar farm built by GLP on a fishery site in Suzhou, eastern Jiangsu province. Photo: Handout
A solar farm built by GLP on a fishery site in Suzhou, eastern Jiangsu province. Photo: Handout
Banking & finance

How China opened the door to creating a direct rival to US payment systems

Beijing has removed several key restrictions on its payment system, allowing it to expand beyond yuan settlements, economist says.

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Banking & finance

Middle East banks eye Hong Kong as ‘safe haven’ amid Iran threats: InvestHK head

Investment-promotion agency is helping a couple of Middle East banks set up in the city and fielding more inquiries since the war started.

Hong Kong Monetary Authority (HKMA)

HKMA warns of interest rate uncertainty amid Middle East conflict

HKMA leaves city’s base rate untouched at 4 per cent, as HSBC, Standard Chartered and BOCHK keep prime lending and saving rates unchanged.

The Hong Kong Monetary Authority maintained the city’s base rate at 4 per cent on Thursday. Photo: Jonathan Wong
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