https://www.scmp.com/rss/110096/feed Value Partners is one of Asia’s largest asset management firms, with US$8.6 billion in assets under management as of June this year. In November 2007, it became the first asset management firm to list on the Hong Kong Stock Exchange. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Julie Zhang Julie Zhang A quarter featuring multiple eye-popping deals is no longer unusual for China’s pharmaceutical industry – in fact, it may soon be considered a slow season. In recent months, companies including CSPC Pharmaceutical and RemeGen have struck out-licensing agreements worth up to US$18.5 billion and US$5.6 billion respectively, while Haisco Pharmaceutical Group has added two of its own — most recently a deal worth up to US$745 million. Under the terms of the deal, the Beijing-based Haisco granted US... https://www.scmp.com/business/china-business/article/3350421/chinas-biotech-firms-shift-gears-can-ai-floor-accelerator?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350421/chinas-biotech-firms-shift-gears-can-ai-floor-accelerator?utm_source=rss_feed Sat, 18 Apr 2026 03:00:12 +0000 Zhang Shidong Zhang Shidong US President Donald Trump’s nomination of Kevin Warsh to head the Federal Reserve is likely to add more volatility to global financial markets, as his historical stance against financial easing could complicate the Fed’s decision-making in terms of monetary easing, according to analysts. The White House nomination came a month after Trump said the former Fed governor, who opposed rate cuts during the 2008 global financial crisis, would be his choice to succeed Jerome Powell, whose chair term... https://www.scmp.com/business/china-business/article/3345721/trumps-fed-pick-stokes-uncertainty-investors-weigh-hawkish-past-pro-growth-pivot?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3345721/trumps-fed-pick-stokes-uncertainty-investors-weigh-hawkish-past-pro-growth-pivot?utm_source=rss_feed Sun, 08 Mar 2026 01:30:11 +0000 Peggy Ye Peggy Ye Hong Kong’s cash-for-residency scheme has attracted about HK$95 billion (US$12 billion) from more than 1,700 investors over the past two years, with around two-thirds of the approved capital channelled into authorised funds and equities, the latest figures from InvestHK show. The government’s investment promotion arm on Monday released the figures for the New Capital Investment Entrant Scheme (New CIES), designed to encourage high-net-worth individuals to invest in Hong Kong, bringing both... https://www.scmp.com/business/banking-finance/article/3345102/hong-kongs-new-cash-residency-scheme-draws-us12-billion-first-2-years?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345102/hong-kongs-new-cash-residency-scheme-draws-us12-billion-first-2-years?utm_source=rss_feed Mon, 02 Mar 2026 06:44:45 +0000 Julie Zhang Julie Zhang Shanghai-based Harbour BioMed’s acquisition of a stake in US-based Spruce Biosciences is the latest example of China’s novel drug developers progressing from one-time licensing deals into long-lasting equity partnerships with overseas partners. The deal, detailed in a Hong Kong stock exchange filing on Monday, also showed Chinese firms’ growing clout on the global pharmaceutical stage, analysts said. “The coming years will see more Chinese biotech firms engaging in equity investments and joint... https://www.scmp.com/business/china-business/article/3340489/harbour-biomed-stake-us-drug-firm-spruce-shows-chinese-firms-growing-clout-analysts-say?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340489/harbour-biomed-stake-us-drug-firm-spruce-shows-chinese-firms-growing-clout-analysts-say?utm_source=rss_feed Tue, 20 Jan 2026 23:30:12 +0000 Julie Zhang Julie Zhang China has emerged as a credible challenger to the US in artificial intelligence-driven drug discovery, where advantage depends not only on computing prowess but also on the ability to effectively mine data, from genomes to clinical trial results, according to Leung Chuen-yan, a private equity investor and life sciences scientist. “Globally, the way companies develop and use AI to discover drugs is similar, from finding the drug target and designing the molecule to planning clinical trials,” said... https://www.scmp.com/business/china-business/article/3340403/china-challenges-us-ai-drug-race-rivals-still-reliant-each-other?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340403/china-challenges-us-ai-drug-race-rivals-still-reliant-each-other?utm_source=rss_feed Tue, 20 Jan 2026 00:30:11 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong Investment Corp (HKIC), the government’s investment arm, on Tuesday appointed 10 asset managers spanning venture capital, private equity, private credit and hedge funds to oversee at least HK$3 billion (US$385 million) under its enhanced cash-for-residency scheme. HKIC said in a statement that the new batch of managers for the investment portfolio under the New Capital Investment Entrant Scheme (New CIES) included Hong Kong-headquartered Value Partners, one of Asia’s largest asset... https://www.scmp.com/business/article/3334873/hong-kong-taps-value-partners-9-others-manage-us385-million-residency-scheme-fund?utm_source=rss_feed https://www.scmp.com/business/article/3334873/hong-kong-taps-value-partners-9-others-manage-us385-million-residency-scheme-fund?utm_source=rss_feed Tue, 02 Dec 2025 07:36:30 +0000 Aileen Chuang Aileen Chuang Chicago-based Adams Street Partners launched its Hong Kong office on Monday, joining a wave of Western investment firms setting up to take advantage of the city’s position as a gateway to international capital and cross-border deal making. “There’s an increasing number of private equity firms, growth equity [and] venture capital, that have a reason to be here in Hong Kong – kind of a Hong Kong nexus,” said Jeffrey Diehl, the firm’s managing partner and head of investments, in an interview. With... https://www.scmp.com/business/banking-finance/article/3332969/wave-hong-kong-openings-western-investment-firms-continues-adams-street?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3332969/wave-hong-kong-openings-western-investment-firms-continues-adams-street?utm_source=rss_feed Mon, 17 Nov 2025 00:30:09 +0000 Reuters Reuters The property investment arm of Chinese e-commerce giant JD.com and two other firms plan to launch a Singapore-based real estate investment trust (Reit) with assets potentially valued at more than US$1 billion, said two sources with knowledge of the matter. JD Property, the unlisted infrastructure investment and asset management platform of JD.com, is setting up the Reit with Swiss investment firm Partners Group and EZA Hill Property, which is backed by Asian investment firm Hillhouse, the... https://www.scmp.com/business/banking-finance/article/3323417/jdcoms-property-unit-joins-two-firms-us1-billion-singapore-reit-sources-say?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3323417/jdcoms-property-unit-joins-two-firms-us1-billion-singapore-reit-sources-say?utm_source=rss_feed Thu, 28 Aug 2025 02:09:15 +0000 Lam Ka-sing Lam Ka-sing Hong Kong must work harder to be as international as possible under the “one country, two systems” framework to combat a growing perception in Western capitals that it is no different from mainland Chinese cities, business leaders have urged. The city also maintains a significant lead over regional rival Singapore in key financial metrics, panellists at the South China Morning Post’s China Conference 2025 said on Tuesday. “The problem is that many of them feel that Hong Kong equals China,” said... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3317378/business-leaders-call-efforts-combat-hong-kong-equals-china-perception?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3317378/business-leaders-call-efforts-combat-hong-kong-equals-china-perception?utm_source=rss_feed Tue, 08 Jul 2025 08:57:52 +0000 Eric Ng Eric Ng Hong Kong’s Phase Scientific International (PSI) has raised US$34 million from private investors to further develop a non-invasive test for human papillomavirus (HPV), a major cause of cervical cancer. The test developed by the Hong Kong Science and Technology Park-based company, best known as a provider of COVID-19 tests during the pandemic, was the world’s first urine-based HPV test, it said in a statement on Tuesday. Founder and CEO Ricky Chiu Yin-to said the company aimed to commercialise a... https://www.scmp.com/business/article/3310968/hong-kongs-phase-scientific-gets-us34-million-advance-test-cancer-risk-factor-hpv?utm_source=rss_feed https://www.scmp.com/business/article/3310968/hong-kongs-phase-scientific-gets-us34-million-advance-test-cancer-risk-factor-hpv?utm_source=rss_feed Tue, 20 May 2025 01:00:19 +0000 Hong Kong-based Value Partners, US-based Invesco and Neuberger Berman have received licences in China to launch onshore investment funds that allows them to tap the 6 trillion yuan (US$903 billion) asset management market as the country eases access to its financial services sector. The three firms’ wholly foreign owned enterprises in Shanghai received the Private Fund Manager (PFM) licence separately, said Asset Management Association of China, a self-regulatory body that oversees private funds... https://www.scmp.com/business/companies/article/2119353/global-fund-managers-win-china-approval-launch-onshore-funds?utm_source=rss_feed https://www.scmp.com/business/companies/article/2119353/global-fund-managers-win-china-approval-launch-onshore-funds?utm_source=rss_feed Fri, 10 Nov 2017 09:56:41 +0000 Insider activity fell before the Chinese Lunar New Year break with 30 companies that recorded 157 purchases worth HK$303 million against 14 firms with 50 disposals worth HK$121 million. The buy figures were down from the previous week’s 37 companies, 187 purchases and HK$370 million. On the selling side, the number of firms and trades were down from the previous week’s 17 companies and 75 disposals. The sell value, however, was up from HK$83 million. While buying by directors fell last week,... https://www.scmp.com/business/money/markets-investing/article/2066347/insider-activity-quiet-ahead-lunar-new-year-funds?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/2066347/insider-activity-quiet-ahead-lunar-new-year-funds?utm_source=rss_feed Sun, 29 Jan 2017 10:22:52 +0000 Value Partners, the top-rated fund house set up by one of Hong Kong's most influential traders, yesterday reported a 96 per cent drop in net profit for the first half, mainly due to substantial fair-value losses on its investments. Net income fell to HK$3.3 million for the six months to June, in line with the company's profit warning in July. That was the lowest six-month profit for the firm since the depths of the global financial crisis in the second half of 2008. But the poor performance... https://www.scmp.com/business/companies/article/1296387/value-partners-profit-down-96pc-investments?utm_source=rss_feed https://www.scmp.com/business/companies/article/1296387/value-partners-profit-down-96pc-investments?utm_source=rss_feed Tue, 13 Aug 2013 09:17:45 +0000 The first Hong Kong-mainland joint-venture asset management company has been set up, with the local fund house Value Partners taking a 49 per cent stake in the Shanghai-based asset manager KBC Goldstate Fund Management. Value Partners said yesterday it would pay 40.5 million yuan (HK$49.7 million) for the stake in KBC Goldstate, which had 970 million yuan of assets under management in seven open-ended funds at the end of last year. The stake was previously owned by Belgian financial group KBC.... https://www.scmp.com/article/994944/hk-fund-firm-joins-mainland-venture?utm_source=rss_feed https://www.scmp.com/article/994944/hk-fund-firm-joins-mainland-venture?utm_source=rss_feed Thu, 08 Mar 2012 16:00:00 +0000 Sue Chan, associate director - Hong Kong digital practice, Edelman Chan comes to Edelman Hong Kong with over seven years of digital marketing experience at companies such as Intel, Coca-Cola, and the NBA and as producer at CBS News in New York. '[Chan's] solid track record leading digital marketing programmes for some of the world's leading blue chip brands ... will help our clients develop a more competitive edge,' says Andrew Kirk, managing director of Edelman Hong Kong and Taiwan. Luca... https://www.scmp.com/article/974205/career-tracker?utm_source=rss_feed https://www.scmp.com/article/974205/career-tracker?utm_source=rss_feed Fri, 22 Jul 2011 16:00:00 +0000 Cheah Cheng Hye's one-time hobby fund now manages US$5.7b Cheah Cheng Hye had been a veteran financial journalist at such publications as the Asian Wall Street Journal and Asiaweek when he set up fund management firm Value Partners in 1993. He never thought it would become more than a diversion for him and a small circle of friends. Fast forward to November this year: Value Partners goes public in a US$376 million initial public offering in Hong Kong that sees investors clamouring for more... https://www.scmp.com/article/620635/small-stocks-big-ideas-drive-value-partners-boss?utm_source=rss_feed https://www.scmp.com/article/620635/small-stocks-big-ideas-drive-value-partners-boss?utm_source=rss_feed Sun, 23 Dec 2007 16:00:00 +0000 Value Partners Group, a Hong Kong fund management house that managed US$6.4 billion at the end of July, plans to raise as much as HK$2.91 billion for two existing shareholders in an initial public offering this month. Value Partners is offering 381.6 million existing shares in a price range of HK$6.78 to HK$7.63 per share, according to a sales document sent to fund managers. Vendors of the shares are US private equity fund JH Whitney III, and Value Holdings, a subsidiary of US private equity... https://www.scmp.com/article/614711/value-partners-offload-shares-hk29b-listing?utm_source=rss_feed https://www.scmp.com/article/614711/value-partners-offload-shares-hk29b-listing?utm_source=rss_feed Wed, 07 Nov 2007 16:00:00 +0000 From a start-up fund of S$5.6 million in 1993 to US$5.7 billion in assets under management as of June this year, the name Value Partners is still a miracle in the city's financial world. The Hong Kong-based fund manager believes relatively expensive mainland-related stocks would still be supported by strong domestic consumption growth, and an anticipated rise in the yuan over the medium term, according to Value Partners' star fund manager Cheah Cheng Hye. The firm has bet heavily on... https://www.scmp.com/article/614382/value-partners-upbeat-mainland-prospects?utm_source=rss_feed https://www.scmp.com/article/614382/value-partners-upbeat-mainland-prospects?utm_source=rss_feed Sun, 04 Nov 2007 16:00:00 +0000 Fund management firm Value Partners has clarified that it does not hold stock in Far East Pharmaceutical Technology and has not conducted any trade in the stock in recent weeks. A report yesterday on Page A1 incorrectly said that Value Partners sold shares in the firm on Thursday. https://www.scmp.com/article/460048/corrections-clarifications?utm_source=rss_feed https://www.scmp.com/article/460048/corrections-clarifications?utm_source=rss_feed Fri, 18 Jun 2004 16:00:00 +0000 Securities dealer and investment adviser Value Partners and dealing director Cheah Cheng Hye were reprimanded by the Securities and Futures Commission for 'window-dressing' activities. An SFC investigation found Value Partners in 1998 placed a number of buy orders on five stocks near the market close on December 28, 29 and 31. As a result the stocks closed higher. This is 'window dressing', when dealers try to push the share price up at the end of the year, and boost the value of portfolios... https://www.scmp.com/article/328229/sfc-raps-dealer-year-end-buy-trade?utm_source=rss_feed https://www.scmp.com/article/328229/sfc-raps-dealer-year-end-buy-trade?utm_source=rss_feed Thu, 05 Oct 2000 16:00:00 +0000 CHEAH Cheng Hye literally has a rags to riches story to tell; the rags were The Star newspapers he folded in his first job as an inky-faced 17-year-old in Malaysia, the riches have come from transforming himself from a financial journalist into a respected authority on the stockmarket. When the good times were rolling in 1996, Mr Cheah took home a bonus of 'several million US dollars' as founder and fund manager of the award-winning Hong Kong boutique investment house, Value Partners. Now,... https://www.scmp.com/article/290844/investor-seeks-out-engines-mainlands-through-train?utm_source=rss_feed https://www.scmp.com/article/290844/investor-seeks-out-engines-mainlands-through-train?utm_source=rss_feed Sat, 14 Aug 1999 16:00:00 +0000 Hong Kong-based fund management firm Value Partners has sold a 29 per cent stake to US-based private investment group J.H. Whitney & Co. Value Partners, controlled and managed by Cheah Cheng-hye and Yeh V-nee, said J.H. Whitney would support plans for launching a mainland fund. It would also help set up a Singapore office specialising in Southeast Asian markets. https://www.scmp.com/article/247195/us-firm-takes-stake-value?utm_source=rss_feed https://www.scmp.com/article/247195/us-firm-takes-stake-value?utm_source=rss_feed Mon, 06 Jul 1998 16:00:00 +0000 Now is a good time to invest in the mainland because its economy, cooled by the government's sustained austerity programme, is in a 'completely different cycle' from other, bombed-out Asian economies, according to Cheah Cheng Hye, managing director of Value Partners. Mr Cheah said yesterday the mainland economy was the first in Asia to overheat and would have collapsed but for the strict policies implemented by Zhu Rongji, then governor of the People's Bank of China. Mr Zhu, elected premier... https://www.scmp.com/article/233665/outlook-china-good-investors?utm_source=rss_feed https://www.scmp.com/article/233665/outlook-china-good-investors?utm_source=rss_feed Tue, 17 Mar 1998 16:00:00 +0000 The managing director of a Hong Kong 'boutique' fund manager believes half the specialist managers in Hong Kong are threatened with closure or merger. Value Partners managing director Cheah Cheng-hye said the companies' high concentration of assets in the region's markets had jeopardised their future. Mr Cheah, who manages assets of about US$140 million, said his company was trading well within the safety level, but he believed many of the estimated 25 specialist companies were struggling. ... https://www.scmp.com/article/228803/small-players-battle-life?utm_source=rss_feed https://www.scmp.com/article/228803/small-players-battle-life?utm_source=rss_feed Thu, 05 Feb 1998 16:00:00 +0000 A TOP-LEVEL team including the great and the good of Hong Kong's pension and fund management industry has been appointed to advise the Government on the setting up of the proposed Mandatory Provident Fund (MPF). The appointment of a 22-member panel follows the Legislative Council decision this month to allow the scheme to go ahead and grant $21 million to fund an MPF office. The team, which will provide technical advice needed to finalise the empowering legislation, includes trustees,... https://www.scmp.com/article/150850/team-advise-mpf-named?utm_source=rss_feed https://www.scmp.com/article/150850/team-advise-mpf-named?utm_source=rss_feed Tue, 27 Feb 1996 16:00:00 +0000 MOST investors looking to maximise their gains from the Hong Kong stock market this year should avoid small counters, investment experts claim. The big story in the stock market this year has been the inflow of foreign money and this is likely to continue to benefit the larger companies. Nial Gooding, head of sales at Kleinwort Benson Securities, said: 'When you have the likes of Hutchison Whampoa and HSBC doubling over the last month, why should you bother with Bing Bong Constructions? 'The... https://www.scmp.com/article/147598/buyers-told-think-big-best-returns?utm_source=rss_feed https://www.scmp.com/article/147598/buyers-told-think-big-best-returns?utm_source=rss_feed Sat, 27 Jan 1996 16:00:00 +0000 DIRECTORS of Fountain Set (Holdings) say they are closer to agreeing to a privatisation package for the firm. Since the proposal was announced on May 9, a consortium led by chairman Ha Chung-fong with fund manager Value Partners has been negotiating funding, the firm's announcement said. The agreement is expected to be ready by September 21. https://www.scmp.com/article/128903/fountains-package?utm_source=rss_feed https://www.scmp.com/article/128903/fountains-package?utm_source=rss_feed Wed, 23 Aug 1995 16:00:00 +0000 JCG Holdings has appointed Cheah Cheng-hye as an independent, non-executive director. Mr Cheah, a former Morgan Grenfell executive director and research director, established Value Partners Limited, a fund management company, in Hong Kong earlier this year. THE US-China Business Council's business advisory services director Richard Brecher will give a lunchtime address to AmCham members on President Clinton's emerging China policy. The speech will take place at the New World Harbour... https://www.scmp.com/article/54447/jcg-holdings?utm_source=rss_feed https://www.scmp.com/article/54447/jcg-holdings?utm_source=rss_feed Sat, 04 Dec 1993 16:00:00 +0000 MORGAN Grenfell Asia research director Cheah Cheng Hye has resigned to go into private fund management in a new venture backed by the Yeh family of Hsin Chong Group. Mr Cheah is managing director of Value Partners, of which he owns 14.5 per cent. A quarter of the company is held by Hsin Chong executive director Yeh V-Nee, who will also be an executive director of the new company capitalised with $30 million of start-up money. The company will specialise in smaller capitalised stock... https://www.scmp.com/article/20485/cheah-moves-fund-firm?utm_source=rss_feed https://www.scmp.com/article/20485/cheah-moves-fund-firm?utm_source=rss_feed Tue, 02 Mar 1993 16:00:00 +0000