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Morgan Stanley is one of a string of global asset managers including JPMorgan, Fidelity, Manulife and Neuberger Berman that have applied to set up fully-owned mutual fund units in China after regulators scrapped foreign ownership restrictions in the industry in April 2020. Photo: AFP
Banking & finance

Morgan Stanley gets green light to take full control of mainland China unit

5 Feb 2023 - 1:19PM

The China Securities Regulatory Commission has approved Morgan Stanley to take full control in its mainland Chinese mutual fund unit in the latest move by a country allowing international players greater access to its US$3.9 trillion asset management market.

Morgan Stanley is one of a string of global asset managers including JPMorgan, Fidelity, Manulife and Neuberger Berman that have applied to set up fully-owned mutual fund units in China after regulators scrapped foreign ownership restrictions in the industry in April 2020. Photo: AFP

Morgan Stanley gets green light to take full control of mainland China unit

The China Securities Regulatory Commission has approved Morgan Stanley to take full control in its mainland Chinese mutual fund unit in the latest move by a country allowing international players greater access to its US$3.9 trillion asset management market.

5 Feb 2023 - 1:19PM

Asian private-equity firms must step up ESG reporting amid mounting scrutiny

Private-equity firms will need to ensure that environmental, social and governance (ESG) reporting is properly implemented in their operations, as investors are increasingly demanding sustainability data to understand the risks to their portfolios from climate change, according to industry reports and forums.

5 Feb 2023 - 10:00AM

Lufax latest US-listed Chinese firm to apply for Hong Kong listing through introduction

Ping-An (Insurance) Group-backed Chinese online lender Lufax Holdings has applied to list in Hong Kong, joining other US-listed Chinese companies seeking a float closer to home.

2 Feb 2023 - 5:15PM
Hong’s Victoria Harbour. All of the nearly 2,500 companies listed in the city are required to publish annual reports on their ESG performance alongside mandatory periodic financial reports. Photo: Yik Yeung-man

Asian private-equity firms must step up ESG reporting amid mounting scrutiny

Private-equity firms will need to ensure that environmental, social and governance (ESG) reporting is properly implemented in their operations, as investors are increasingly demanding sustainability data to understand the risks to their portfolios from climate change, according to industry reports and forums.

5 Feb 2023 - 10:00AM
Banking & finance

Lufax latest US-listed Chinese firm to apply for Hong Kong listing through introduction

Ping-An (Insurance) Group-backed Chinese online lender Lufax Holdings has applied to list in Hong Kong, joining other US-listed Chinese companies seeking a float closer to home.

Ping-An (Insurance) Group-backed Chinese online lender Lufax Holdings has applied to list in Hong Kong, joining other US-listed Chinese companies seeking a float closer to home.

2 Feb 2023 - 5:15PM
China property

China property crisis: 30 cities cut mortgage rates for first-time buyers

Thirty mainland Chinese cities lowered mortgage rates for first-time buyers to below the key level of 4.1 per cent in January, according to the Beike Research Institute, as local governments respond to Beijing’s pledge to help people get onto the property ladder.

Thirty mainland Chinese cities lowered mortgage rates for first-time buyers to below the key level of 4.1 per cent in January, according to the Beike Research Institute, as local governments respond to Beijing’s pledge to help people get onto the property ladder.

2 Feb 2023 - 2:29PM

Hong Kong’s banks keep their loan costs steady as rate hike slows

The Hong Kong Monetary Authority (HKMA) raised the city’s base rate by 25 basis points, a slowdown that could bring some much-needed respite to an economy trying to grow its way out of recession.

2 Feb 2023 - 7:24PM
Hong Kong’s banks keep their loan costs steady as rate hike slows

Hong Kong should go to Middle East ‘if there is money to be made’: Hang Lung chief

Hong Kong needs to look beyond the East and the West, and go anywhere “if there is money to be made”, including the Middle East, Hang Lung Properties Chairman Ronnie Chan says.

31 Jan 2023 - 9:25PM
Hong Kong should go to Middle East ‘if there is money to be made’: Hang Lung chief

China property crisis: 30 cities cut mortgage rates for first-time buyers

Thirty mainland Chinese cities lowered mortgage rates for first-time buyers to below the key level of 4.1 per cent in January, according to the Beike Research Institute, as local governments respond to Beijing’s pledge to help people get onto the property ladder.

2 Feb 2023 - 2:29PM

Hong Kong’s banks keep their loan costs steady as rate hike slows

The Hong Kong Monetary Authority (HKMA) raised the city’s base rate by 25 basis points, a slowdown that could bring some much-needed respite to an economy trying to grow its way out of recession.

2 Feb 2023 - 7:24PM

Hong Kong should go to Middle East ‘if there is money to be made’: Hang Lung chief

Hong Kong needs to look beyond the East and the West, and go anywhere “if there is money to be made”, including the Middle East, Hang Lung Properties Chairman Ronnie Chan says.

31 Jan 2023 - 9:25PM
Money News | OPINION
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The HSI showed a high correlation with housing prices over the longer term, its moves preceding those of house prices by three to six months, says Wong. Photo: AP

Concrete Analysis | Do stock prices, unemployment presage a housing market crash?

Martin Wong of Knight Frank looks at data correlating major movements in the Hang Seng Index and unemployment rate with those in Hong Kong’s home prices.

3 Nov 2020 - 7:11PM

Concrete Analysis | Why Hibor-linked mortgage hikes won’t tame Hong Kong’s property market

Raising the mortgage cap from 2.375 per cent to 2.625 per cent will result in a HK$520 increase in monthly payments on average, which is unlikely to deter prospective buyers, says Raymond Chong of StarPro Agency

Raising the mortgage cap from 2.375 per cent to 2.625 per cent will result in a HK$520 increase in monthly payments on average, which is unlikely to deter prospective buyers, says Raymond Chong of StarPro Agency

25 Sep 2019 - 2:19PM
Why Hibor-linked mortgage hikes won’t tame Hong Kong’s property market

Concrete Analysis | How to make the best use of cash rebates on mortgage transfers

Banks led by HSBC are cutting the money back offers on mortgage refinancing as lenders look to restore their profit margin amid fierce competition.

Banks led by HSBC are cutting the money back offers on mortgage refinancing as lenders look to restore their profit margin amid fierce competition.

16 Jul 2019 - 6:49PM
How to make the best use of cash rebates on mortgage transfers

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