https://www.scmp.com/rss/16607/feed en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Xinmei Shen Xinmei Shen Global financial leaders who gathered in Hong Kong this week largely sidestepped Beijing’s offshore trust tax crackdown, a lingering near-term hurdle for the city’s otherwise expanding wealth management industry. Beijing’s move earlier this year to step up scrutiny of wealthy families’ overseas assets was barely discussed openly at a series of financial industry events, including the Global Financial Leaders’ Investment Summit and the PWMA Wealth Management Industry Summit 2026, even as it... https://www.scmp.com/business/money/wealth/article/3373542/financial-leaders-tiptoe-around-beijings-asset-scrutiny-hail-hong-kongs-wealth-boom https://www.scmp.com/business/money/wealth/article/3373542/financial-leaders-tiptoe-around-beijings-asset-scrutiny-hail-hong-kongs-wealth-boom Sat, 07 Nov 2026 06:00:18 +0000 Themis Qi Themis Qi Dutch asset management firm Robeco is planning to expand its presence in Hong Kong to ride the robust wave of wealth creation in the Asia-Pacific region, CEO Karin van Baardwijk said this week. The Rotterdam-headquartered firm, which had client assets totalling US$464 billion in June, would move into a bigger office “very soon”, van Baardwijk said in an interview. She said Asia was one of “the fastest-growing” wealth markets and Hong Kong had demonstrated its “enduring role as a genuinely global... https://www.scmp.com/business/banking-finance/article/3373515/dutch-asset-manager-robeco-planning-expand-presence-hong-kong https://www.scmp.com/business/banking-finance/article/3373515/dutch-asset-manager-robeco-planning-expand-presence-hong-kong Fri, 06 Nov 2026 08:00:37 +0000 Tim Yuen Lingk Tim Yuen Lingk Before tech stocks plummeted in the US overnight, executives at a private wealth conference in Hong Kong highlighted AI infrastructure as a versatile “defence plus growth” investment opportunity, while cautioning investors against portfolios that were overreliant on artificial intelligence. “Infrastructure opportunities now really lie at the bottleneck of solving [AI’s] demands within structural growth,” the head of managed investments and Hong Kong wealth solutions at Standard Chartered Bank,... https://www.scmp.com/business/money/investment-products/article/3373471/mindful-ai-exposure-wealth-managers-hong-kong-summit-urge-balance-portfolios https://www.scmp.com/business/money/investment-products/article/3373471/mindful-ai-exposure-wealth-managers-hong-kong-summit-urge-balance-portfolios Fri, 06 Nov 2026 01:46:40 +0000 Themis Qi Themis Qi US asset manager Federated Hermes has opened its office in Hong Kong, after two years of preparation, joining a wave of international financial giants competing for growth in the Asia-Pacific region. The company, which managed US$884 billion worth of assets as of September, considered a Hong Kong office two years ago and its board approved a plan a year later. Its office in the Nexxus Building in Central adds to its Asia-Pacific footprint in Singapore, Tokyo and Sydney. “Hong Kong is a premier... https://www.scmp.com/business/banking-finance/article/3373349/us-asset-manager-federated-hermes-opens-hong-kong-office-tap-chinas-tech-rise https://www.scmp.com/business/banking-finance/article/3373349/us-asset-manager-federated-hermes-opens-hong-kong-office-tap-chinas-tech-rise Thu, 05 Nov 2026 07:00:08 +0000 Themis Qi,Tim Yuen Lingk Themis Qi,Tim Yuen Lingk Most asset managers in Hong Kong expect broader access to mainland China’s two Nasdaq-style stock markets to strengthen the city’s private wealth business, an industry survey shows, as hard-tech firms continue to attract investors despite a recent pullback. The report, released by the Private Wealth Management Association (PWMA) and KPMG China, surveyed most of the association’s 44 institutional members, ranging from Agricultural Bank of China (Hong Kong) to UBS, as well as asset managers and... https://www.scmp.com/business/banking-finance/article/3373269/why-hong-kong-wealth-managers-want-broader-access-mainland-chinas-nasdaq-style-markets https://www.scmp.com/business/banking-finance/article/3373269/why-hong-kong-wealth-managers-want-broader-access-mainland-chinas-nasdaq-style-markets Thu, 05 Nov 2026 01:00:12 +0000 Yulu Ao Yulu Ao Swiss private banking executives have acknowledged Hong Kong’s growing prominence as a global cross-border wealth-management hub, as geopolitical tensions prompt wealthy clients to diversify not only their investments but also where their assets are held. “The race is on,” said Giorgio Pradelli, CEO of Swiss private bank EFG International, during a panel discussion on Wednesday at the Global Financial Leaders’ Investment Summit hosted by the Hong Kong Monetary Authority (HKMA). He was referring... https://www.scmp.com/business/china-business/article/3373250/race-swiss-bankers-nod-hong-kongs-prowess-wealth-hub https://www.scmp.com/business/china-business/article/3373250/race-swiss-bankers-nod-hong-kongs-prowess-wealth-hub Wed, 04 Nov 2026 10:00:14 +0000 Xinmei Shen Xinmei Shen Private banking giant Julius Baer expects Asia to play a major role in its growth in the near term as investors seek diversification amid rising AI risks in the US, according to its chief executive. “The AI bubble is building and lots of people are very nervous about how much AI risk they have,” Julius Baer group CEO Stefan Bollinger said in an interview in Hong Kong on Tuesday. Investors who have long been “over-indexed” to the US dollar and US equities now face increased exposure, as... https://www.scmp.com/business/banking-finance/article/3373195/asia-drive-julius-baer-growth-investors-diversify-amid-looming-us-ai-risks-ceo https://www.scmp.com/business/banking-finance/article/3373195/asia-drive-julius-baer-growth-investors-diversify-amid-looming-us-ai-risks-ceo Wed, 04 Nov 2026 03:00:16 +0000 Chris Tsang Chris Tsang Hong Kong’s primary and secondary private residential property sales fell in October compared to the previous month, as the expectation of an interest rate increase by year-end draws nearer, according to new market research. Conducted by Centaline Property, the research indicated that Hong Kong recorded 1,410 first-hand private residential property transactions in October, with a total transaction value of HK$18.66 billion (US$2.38 billion). This represented a respective decline of 5.8 per cent... https://www.scmp.com/business/money/markets-investing/article/3373078/wait-and-see-hong-kongs-private-home-sales-drop-interest-rates-are-tipped-rise https://www.scmp.com/business/money/markets-investing/article/3373078/wait-and-see-hong-kongs-private-home-sales-drop-interest-rates-are-tipped-rise Tue, 03 Nov 2026 23:00:08 +0000 Daniel Ren Daniel Ren China’s central bank governor has reaffirmed support for the country’s beleaguered stock market after a series of rescue measures failed to put a floor under plummeting share prices. Pan Gongsheng, governor of the People’s Bank of China (PBOC), pledged in a work report presented to the standing committee of the National People’s Congress on Tuesday that more actions would be taken to ease financial risks in key areas, including the capital market and the property sector. “Monetary policy tools... https://www.scmp.com/business/china-business/article/3373166/pboc-pledges-support-stocks-chinas-market-slide-defies-rescue-efforts https://www.scmp.com/business/china-business/article/3373166/pboc-pledges-support-stocks-chinas-market-slide-defies-rescue-efforts Tue, 03 Nov 2026 12:50:16 +0000 Yulu Ao Yulu Ao Global financial executives have voiced confidence in Hong Kong’s role as a bridge between mainland China and the rest of the world and as a safe haven helping businesses and investors navigate geopolitical tensions and shifting global capital flows. Speaking at the city’s annual Global Financial Leaders’ Investment Summit on Tuesday, banking leaders discussed how financial institutions were rethinking business and operational strategies in an increasingly uncertain environment, while... https://www.scmp.com/business/china-business/article/3373156/amid-global-uncertainty-top-bankers-back-hong-kongs-role-mainland-chinas-gateway https://www.scmp.com/business/china-business/article/3373156/amid-global-uncertainty-top-bankers-back-hong-kongs-role-mainland-chinas-gateway Tue, 03 Nov 2026 11:08:20 +0000 Yulu Ao Yulu Ao Hong Kong is poised to play a bigger role in helping global investors diversify their portfolios as geopolitical uncertainties reshape capital flows and drive demand for alternative markets and asset classes, a senior executive from Bank of China said on Tuesday. The city’s position as an international financial centre, its links between mainland China and global markets, and its offshore yuan market make it an important gateway for cross-border investment, according to Bank of China president... https://www.scmp.com/business/banking-finance/article/3373107/hong-kongs-superconnector-role-key-geopolitics-reshapes-capital-flows-says-banker https://www.scmp.com/business/banking-finance/article/3373107/hong-kongs-superconnector-role-key-geopolitics-reshapes-capital-flows-says-banker Tue, 03 Nov 2026 07:38:07 +0000 Daniel Ren Daniel Ren Chinese carmakers’ marketing tactics are under the spotlight after a controversy surrounding a comment by an Xpeng employee drew harsh criticism from middle-aged consumers. The incident comes as regulators step up quality checks on the reliability of automotive companies, according to industry officials and analysts. During a live-streamed new model launch ceremony on October 15, an Xpeng product manager used the term lao deng – a slang term referring to middle-aged people who appear to be... https://www.scmp.com/business/china-business/article/3372984/sales-slow-carmakers-china-turn-overt-marketing-tactics-and-face-controversy https://www.scmp.com/business/china-business/article/3372984/sales-slow-carmakers-china-turn-overt-marketing-tactics-and-face-controversy Tue, 03 Nov 2026 00:00:29 +0000 Daniel Ren Daniel Ren China’s two largest carmakers, BYD and Geely Auto, recorded their strongest monthly sales of the year in October, bucking a downward trend in the world’s largest automotive market as smaller rivals come under increasing pressure to turn a profit. Shenzhen-based electric vehicle (EV) giant BYD handed over 490,168 cars to customers at home and abroad last month, up 11 per cent year on year, while Hangzhou-headquartered Geely delivered 310,183 petrol and electric cars worldwide in the same period,... https://www.scmp.com/business/china-business/article/3372948/byd-and-geely-hit-sales-highs-pressure-mounts-chinas-smaller-carmakers https://www.scmp.com/business/china-business/article/3372948/byd-and-geely-hit-sales-highs-pressure-mounts-chinas-smaller-carmakers Mon, 02 Nov 2026 08:00:07 +0000 Daisy Wu Daisy Wu On November 4 last year, Zohran Mamdani won the New York mayoral election on a promise to make the city more affordable, with expanded social programmes funded in part by raising taxes on the city’s wealthiest residents and most profitable corporations. Nearly a year since his upset victory, he has secured one major piece of that agenda: a surcharge on high-end second homes. He also continues to push for higher corporate and income taxes. The proposals have intensified criticism of Mamdani, a... https://www.scmp.com/business/money/wealth/article/3372833/big-apple-vs-pearl-orient-how-higher-taxes-new-york-may-open-door-hong-kong https://www.scmp.com/business/money/wealth/article/3372833/big-apple-vs-pearl-orient-how-higher-taxes-new-york-may-open-door-hong-kong Sun, 01 Nov 2026 12:00:12 +0000 Chris Tsang Chris Tsang An expected 0.25 percentage point rate increase by the US Federal Reserve in December is unlikely to dampen Hong Kong family offices’ interest in European, US and Japanese property investments, according to industry insiders. Ken Peng, chief investment officer at Raffles Family Office, said there were currently no signs of a large-scale sell-off in the US real estate market, with some local markets in the US even seeing supply shortages. “I believe the Federal Reserve’s current rate-hiking cycle... https://www.scmp.com/business/money/investment-products/article/3372717/what-would-december-rate-rise-mean-hong-kong-family-offices-property-portfolios https://www.scmp.com/business/money/investment-products/article/3372717/what-would-december-rate-rise-mean-hong-kong-family-offices-property-portfolios Sun, 01 Nov 2026 07:00:16 +0000 Howard Liu Howard Liu Soaring artificial intelligence revenues have failed to shield Intel, Amazon and Google’s parent company Alphabet from a brutal Wall Street sell-off, as their latest quarterly results deepened investor jitters over mounting capital spending and delayed returns. Intel plunged about 23 per cent in extended trading on Thursday, while Amazon shed 7.3 per cent. Alphabet tumbled 12.6 per cent during the regular session in its worst day on record, dragging the Nasdaq Composite down 1.4 per cent and... https://www.scmp.com/tech/big-tech/article/3372737/amid-brutal-sell-what-comes-next-google-amazon-and-other-big-tech-titans https://www.scmp.com/tech/big-tech/article/3372737/amid-brutal-sell-what-comes-next-google-amazon-and-other-big-tech-titans Fri, 30 Oct 2026 09:44:46 +0000 Daisy Wu,Enoch Yiu Daisy Wu,Enoch Yiu The Hong Kong Monetary Authority (HKMA) warned of considerable uncertainty over the path of US interest rates as it kept its base rate unchanged at 4.25 per cent on Thursday, hours after the US Federal Reserve also held its benchmark rate steady. Hong Kong’s three note-issuing banks – HSBC, Bank of China (Hong Kong) and Standard Chartered – all followed the HKMA’s lead, keeping their prime rates unchanged. The Hong Kong dollar could continue to weaken due to the gap between Hong Kong and US... https://www.scmp.com/business/banking-finance/article/3372495/hong-kong-holds-base-rate-425-after-us-federal-reserve-decision https://www.scmp.com/business/banking-finance/article/3372495/hong-kong-holds-base-rate-425-after-us-federal-reserve-decision Wed, 28 Oct 2026 23:09:59 +0000 Vincent Chow Vincent Chow Leading Chinese robotics company Unitree Robotics on Wednesday reported a 69.93 per cent year-on-year increase in quarterly revenue to 665 million yuan (US$99.7 million), though net profits excluding non-recurring items fell 17.42 per cent to 105 million yuan, as the company released its first earnings since going public. The results for the three months ending September 30 showed a continued surge in research and development spending by the Hangzhou-based company, which jumped 249.58 per cent... https://www.scmp.com/tech/article/3372474/unitree-reports-70-surge-quarterly-revenue-though-ai-investment-weighs-net-profit https://www.scmp.com/tech/article/3372474/unitree-reports-70-surge-quarterly-revenue-though-ai-investment-weighs-net-profit Wed, 28 Oct 2026 13:38:07 +0000 Emma Ma Emma Ma Local tax bureaus across China are continuing to step up oversight following the expiration of the country’s grace period for the reporting of offshore trusts last Thursday, part of an ongoing push to spur voluntary tax disclosures. Municipal tax authorities in Beijing published notices for 21 individuals on the official website last Thursday – the expiry date of the 90-day grace period – ordering them to submit tax documentation linked to offshore trusts. The notices, issued to “tighten tax... https://www.scmp.com/economy/china-economy/article/3372178/chinas-tax-offices-issue-disclosure-orders-offshore-asset-grace-period-ends https://www.scmp.com/economy/china-economy/article/3372178/chinas-tax-offices-issue-disclosure-orders-offshore-asset-grace-period-ends Mon, 26 Oct 2026 13:30:07 +0000 Yulu Ao Yulu Ao Goldman Sachs is accelerating the hiring of wealth management advisers across Asia as the region’s wealthy families increasingly seek to diversify into US assets after years of strong market gains, while the AI boom is creating a new generation of millionaires with growing financial planning needs. The Wall Street bank is expanding its advisory teams in Hong Kong, Singapore and Australia, alongside specialists in areas such as trading and lending, according to Nishi Somaiya, its global co-head... https://www.scmp.com/business/china-business/article/3372055/goldman-sachs-steps-asia-hiring-wealthy-clients-eye-us-assets-diversification https://www.scmp.com/business/china-business/article/3372055/goldman-sachs-steps-asia-hiring-wealthy-clients-eye-us-assets-diversification Mon, 26 Oct 2026 00:00:23 +0000 Daniel Ren Daniel Ren A Chinese developer behind one of Sri Lanka’s biggest projects has reason to celebrate as a luxury property boom lifts sentiment in the South Asian nation and fuels optimism about the market’s prospects. Analysts, however, cautioned that a string of disappointing Chinese overseas property investments over the past decade underlined the risks of speculative excess that could lead to a boom-to-bust scenario, particularly in a country where regulation remained uneven. “Chinese developers, having... https://www.scmp.com/business/markets/article/3371938/sri-lankas-property-boom-gives-chinese-developers-hope-familiar-risks-linger https://www.scmp.com/business/markets/article/3371938/sri-lankas-property-boom-gives-chinese-developers-hope-familiar-risks-linger Sun, 25 Oct 2026 01:00:11 +0000 Enoch Yiu,Christina Zhao Enoch Yiu,Christina Zhao Life insurance sales in Hong Kong rose 58 per cent in the first half of this year to another record high as affluent mainland and overseas customers continued to buy policies in the city for wealth transfer, protection and medical needs. It was the fourth consecutive year in which first half sales hit a record high. The industry wrote HK$275.16 billion (US$35.3 billion) worth of new life insurance policies in the first half, compared with HK$173.7 billion a year earlier, according to data from... https://www.scmp.com/business/money/investment-products/article/3371909/hong-kong-life-insurance-sales-58-first-half-tax-crackdown-threatens-momentum https://www.scmp.com/business/money/investment-products/article/3371909/hong-kong-life-insurance-sales-58-first-half-tax-crackdown-threatens-momentum Fri, 23 Oct 2026 08:16:11 +0000 Peggy Ye Peggy Ye Hong Kong’s offshore yuan bond market is becoming an increasingly important funding source for global banks, with US lenders driving a surge in issuance even as the currency’s traditional funding advantage over the dollar narrows. The shift offers a glimpse of how financial ties between Wall Street and China are evolving despite geopolitical tensions. For US banks, the attraction increasingly lies in access to Chinese capital rather than lower borrowing costs. Offshore yuan-denominated bonds,... https://www.scmp.com/business/banking-finance/article/3371769/wall-street-piles-hong-kongs-dim-sum-bonds-despite-fading-yuan-funding-edge-bofa https://www.scmp.com/business/banking-finance/article/3371769/wall-street-piles-hong-kongs-dim-sum-bonds-despite-fading-yuan-funding-edge-bofa Fri, 23 Oct 2026 00:00:14 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma Thursday marked the deadline for Chinese taxpayers to make outstanding tax payments tied to offshore trusts as the government chases new funding sources to help ease fiscal strains. Investors face a 20 per cent tax based on the initial value of assets placed in trusts and a 20 per cent tax on distributions under a policy coming into force on Friday. Authorities backdated the taxes to January 1, 2023, and gave trust holders a 90-day grace period to make penalty-free payments when the changes were... https://www.scmp.com/plus/business/china-business/article/3371784/china-targets-offshore-trusts-widening-push-taxes https://www.scmp.com/plus/business/china-business/article/3371784/china-targets-offshore-trusts-widening-push-taxes Thu, 22 Oct 2026 09:25:32 +0000 Themis Qi Themis Qi China’s tax authorities are accepting reasonable explanations when enforcing new rules on offshore trust gains, according to an executive who says their appeal was successful, offering some reassurance as a 90-day grace period expires on Thursday. The approach appears to be translating into greater clarity from regulators. Earlier this week, the State Taxation Administration published a question-and-answer series that suggested Beijing was implementing the rules in line with international... https://www.scmp.com/business/money/wealth/article/3371606/china-eases-uncertainty-over-offshore-trust-taxes-grace-period-ends https://www.scmp.com/business/money/wealth/article/3371606/china-eases-uncertainty-over-offshore-trust-taxes-grace-period-ends Wed, 21 Oct 2026 06:03:21 +0000 Daniel Ren Daniel Ren Chinese carmakers, facing a European Union import quota targeting their hybrid electric vehicles (EVs), are gearing up for more local production to reinforce their go-global drive. They plan to either splash out billions of yuan to set up their own factories or tap international marques’ idle plants to build their vehicles, looking to sustain a sales boom in one of the world’s major automotive markets. “Global growth shifts from exporting vehicles to Europe to producing them locally, from... https://www.scmp.com/business/china-evs/article/3371460/chinese-carmakers-gear-european-production-sidestep-tariffs-import-quota https://www.scmp.com/business/china-evs/article/3371460/chinese-carmakers-gear-european-production-sidestep-tariffs-import-quota Tue, 20 Oct 2026 08:00:06 +0000 Themis Qi Themis Qi Global ultra-rich families worry more about wealth succession than political uncertainty, as most of their next generation are not yet well prepared for the trillions of dollars’ worth of transfer, a survey by Julius Baer showed. The findings came after the Swiss private bank and its partner EY analysed responses from more than 700 financial professionals worldwide who advise ultra-high-net-worth (UHNW) families with wealth of 50 million Swiss francs (US$60.7 million) or more in the latest... https://www.scmp.com/business/money/wealth/article/3371367/succession-survey-finds-66-cent-ultra-richs-young-heirs-not-ready-take-over https://www.scmp.com/business/money/wealth/article/3371367/succession-survey-finds-66-cent-ultra-richs-young-heirs-not-ready-take-over Tue, 20 Oct 2026 01:30:05 +0000 Cheryl Arcibal Cheryl Arcibal US-based money manager Principal Asset Management says it is poised to become more active in Asia-Pacific property markets, believing investors have been “underweight” in the region’s office property segment. Richard Hill, its senior managing director and head of global real estate research and strategy, said the group was also seeing continued interest from institutional investors in the Asia-Pacific region looking to access opportunities in US commercial real estate as it was “too big to... https://www.scmp.com/business/article/3371391/money-manager-eyes-asia-pacific-property-growth-tells-investors-keep-bet-us https://www.scmp.com/business/article/3371391/money-manager-eyes-asia-pacific-property-growth-tells-investors-keep-bet-us Mon, 19 Oct 2026 23:00:05 +0000 Cheryl Arcibal Cheryl Arcibal Tokyo’s implementation of a rule that requires all property buyers to declare their nationality is raising concerns among investors, according to analysts. Japan’s shift from an ultra-loose monetary policy to gradual normalisation of its interest rates was also likely to force investors to reconsider whether real estate assets were still attractive, they added. “Japan has had a really strong run for the last seven or eight years,” said Neil Brookes, head of Asia-Pacific capital markets at... https://www.scmp.com/business/article/3371224/new-property-purchase-disclosure-rule-japan-sparks-fears-it-may-curb-foreign-investment https://www.scmp.com/business/article/3371224/new-property-purchase-disclosure-rule-japan-sparks-fears-it-may-curb-foreign-investment Sun, 18 Oct 2026 03:00:07 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing said it had delayed a plan to shorten the settlement time for share transactions to the second half of 2028, so it could address widespread industry requests for more preparation time. Confirming a report by the South China Morning Post on Wednesday, the exchange said in a statement on Friday that it would not proceed with the timeline it proposed in a consultation paper in April, aiming to implement a so-called T+1 system in the fourth quarter of 2027, replacing... https://www.scmp.com/business/markets/article/3371176/hkex-pushes-back-t1-trade-settlement-2028-after-brokers-request-more-prep-time https://www.scmp.com/business/markets/article/3371176/hkex-pushes-back-t1-trade-settlement-2028-after-brokers-request-more-prep-time Fri, 16 Oct 2026 10:19:32 +0000 Daniel Ren Daniel Ren Beijing has enlisted the support of its top internet watchdog to deepen the investigation into a car safety issue that put Chinese-made intelligent vehicles under the spotlight. The Ministry of Industry and Information Technology (MIIT) said on Thursday that a joint investigation team including officials from the Cyberspace Administration of China (CAC) and the State Administration for Market Regulation (SAMR) would verify facts regarding reports about brake pedal failures in tests of an... https://www.scmp.com/business/china-business/article/3371102/beijing-enlists-multiple-regulators-probe-ev-safety-issue-raised-quality-alarms https://www.scmp.com/business/china-business/article/3371102/beijing-enlists-multiple-regulators-probe-ev-safety-issue-raised-quality-alarms Fri, 16 Oct 2026 06:00:10 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong has emerged as the third best city in the world for wealthy individuals seeking to make philanthropic contributions over the medium term, trailing New York and Seoul, according to a study by Altrata. The inaugural Giving Opportunity Index by the US-based group that tracks the world’s affluent population ranked 100 cities based on three criteria: wealth, donor affinity and philanthropic infrastructure. The study defined the “global wealthy” as individuals with a net worth of more than... https://www.scmp.com/business/article/3371004/hong-kong-ranks-third-globally-philanthropy-hub-behind-new-york-and-seoul-study-finds https://www.scmp.com/business/article/3371004/hong-kong-ranks-third-globally-philanthropy-hub-behind-new-york-and-seoul-study-finds Thu, 15 Oct 2026 09:00:30 +0000 Christina Zhao Christina Zhao China Asset Management (Hong Kong) and Qatar’s Lesha Bank agreed on Wednesday to launch Qatar’s first sharia-compliant China equity fund, highlighting growing efforts by Chinese financial institutions to lure Middle East capital as institutional investors and wealthy families seek safe havens amid geopolitical turmoil. Among the key selling points of the mainland China and Hong Kong stock markets for Middle East investors are the mainland’s rising artificial intelligence capabilities and biotech... https://www.scmp.com/business/banking-finance/article/3370965/hong-kong-firm-qatar-bank-launch-chinese-equity-fund-lure-middle-east-capital https://www.scmp.com/business/banking-finance/article/3370965/hong-kong-firm-qatar-bank-launch-chinese-equity-fund-lure-middle-east-capital Thu, 15 Oct 2026 07:00:09 +0000 Enoch Yiu Enoch Yiu HSBC has launched a discretionary portfolio management service for retail investors with a minimum investment threshold as low as HK$1,000 (US$128) per month, as Hong Kong’s largest lender aims to attract younger, tech-savvy customers. The new service, “Portfolio+”, allows HSBC’s retail banking customers in Hong Kong to build a discretionary investment portfolio via the company’s mobile apps with a lump sum of at least HK$10,000 or regular contributions of HK$1,000 per month, according to Winnie... https://www.scmp.com/business/banking-finance/article/3370939/hsbc-launches-discretionary-portfolio-management-service-retail-investors https://www.scmp.com/business/banking-finance/article/3370939/hsbc-launches-discretionary-portfolio-management-service-retail-investors Thu, 15 Oct 2026 03:00:08 +0000 Daisy Wu Daisy Wu As global capital flows towards clean energy and artificial intelligence, Hong Kong billionaire Li Ka-shing’s business group has expanded its oil exposure in a move analysts see as a buffer against geopolitical risks and a play for steady cash flow. The first major investment move by the widely watched Hong Kong tycoon after a slew of asset sales across the world has stirred curiosity at a time when financial markets are more volatile amid rising fears of inflation, monetary tightening and... https://www.scmp.com/business/money/wealth/article/3370567/li-ka-shing-empire-expands-oil-interests-turning-heads-market https://www.scmp.com/business/money/wealth/article/3370567/li-ka-shing-empire-expands-oil-interests-turning-heads-market Thu, 15 Oct 2026 01:00:07 +0000 Daniel Ren Daniel Ren Hesai Group, the world’s largest maker of lidar sensors for vehicles, has launched a 3D spatial camera as it expands into physical artificial intelligence in search of new growth opportunities. The handheld device, called Kosmo, is described by Hesai as a “physical AI eye” and converts real-world environments into detailed, editable 3D models. The company said it was designed to standardise the digitisation of complex spaces such as campuses and factories. “Our interesting new products, which... https://www.scmp.com/business/china-evs/article/3370897/hesai-launches-3d-spatial-camera-chinese-lidar-maker-expands-physical-ai https://www.scmp.com/business/china-evs/article/3370897/hesai-launches-3d-spatial-camera-chinese-lidar-maker-expands-physical-ai Wed, 14 Oct 2026 11:47:29 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX) has completed the first cross-border trading of green products under two separate pilot programmes with exchanges in Guangzhou and Shenzhen, according to an executive. The exchange’s Core Climate platform has enabled 15 companies, including Airport Authority, China Power International Development, Bank of China (Hong Kong) and others, to purchase Green Electricity Certificates (GECs) through the Guangzhou Power Exchange Centre with a total volume of about... https://www.scmp.com/business/climate-and-energy/article/3370720/hong-kong-completes-pilot-schemes-trade-green-products-exchanges-mainland-china https://www.scmp.com/business/climate-and-energy/article/3370720/hong-kong-completes-pilot-schemes-trade-green-products-exchanges-mainland-china Tue, 13 Oct 2026 23:00:07 +0000 Yulu Ao Yulu Ao Chinese billionaire Cao Dewang, whose glass-making empire was featured in the Oscar-winning documentary American Factory, has urged Chinese investors expanding overseas to respect local laws, regulations and culture, drawing on decades of experience building a global manufacturing business amid shifting US-China relations. Speaking at the University of Hong Kong (HKU) on Monday, the founder of Fuyao Glass said the approach had been central to the firm’s success in the US and warned against... https://www.scmp.com/business/china-business/article/3370689/chinese-billionaire-featured-american-factory-shares-lesson-firms-going-global https://www.scmp.com/business/china-business/article/3370689/chinese-billionaire-featured-american-factory-shares-lesson-firms-going-global Tue, 13 Oct 2026 08:00:05 +0000 Zhu Wenqian Zhu Wenqian Shares in Chinese companies present better opportunities today than at other times, a disciple of legendary investor Charlie Munger said in a rare reflection on the world’s second-largest economy amid tensions with the US and the ongoing artificial intelligence race. The comments by Li Lu, Chinese-American founder and chairman of Seattle-based value investment firm Himalaya Capital, came amid divergence between the markets on opposite sides of the Pacific. While stock markets in China and Hong... https://www.scmp.com/business/money/markets-investing/article/3370602/chinese-stocks-undervalued-opportunity-says-charlie-munger-disciple https://www.scmp.com/business/money/markets-investing/article/3370602/chinese-stocks-undervalued-opportunity-says-charlie-munger-disciple Tue, 13 Oct 2026 01:00:15 +0000 Yulu Ao Yulu Ao US Treasuries are looking increasingly attractive to Hong Kong investors after a prolonged sell-off pushed yields to multi-decade highs, prompting some strategists and wealth managers to recommend buying while others warned that further losses may lie ahead. The benchmark 10-year Treasury yield surged above 5.36 per cent on Wednesday, its highest in 24 years, before retreating to around 5.23 per cent on Thursday following strong demand at a US$22 billion auction of 30-year government... https://www.scmp.com/business/china-business/article/3370557/hong-kong-investors-are-warming-us-treasury-bonds-yields-hit-20-year-high https://www.scmp.com/business/china-business/article/3370557/hong-kong-investors-are-warming-us-treasury-bonds-yields-hit-20-year-high Mon, 12 Oct 2026 23:00:30 +0000 Xinmei Shen Xinmei Shen A former top executive at HSBC has launched an artificial intelligence-driven wealth management start-up, setting her sights on a billion-dollar valuation and betting that AI can transform how individuals manage their investments and finances. Trista Sun, formerly a managing director in the international wealth and premier banking division at HSBC, said in an interview last week that her venture Equora aimed to help investors manage their finances “proactively” with AI agents, addressing... https://www.scmp.com/business/money/wealth/article/3370565/former-hsbc-executive-launches-wealth-platform-powered-team-ai-agents https://www.scmp.com/business/money/wealth/article/3370565/former-hsbc-executive-launches-wealth-platform-powered-team-ai-agents Mon, 12 Oct 2026 09:00:09 +0000 Daniel Ren Daniel Ren A safety failure spotted in tests of a Chinese electric vehicle (EV) made by a Huawei Technologies-backed luxury brand has raised doubts about the cars many consumers view as a source of national pride, and prompted regulators to step up policing of quality and reliability. The Ministry of Industry and Information Technology, along with three other ministry-level departments, published draft rules on Saturday that would govern testing of new car models. The move came after a video released on... https://www.scmp.com/business/china-evs/article/3370548/brake-pedal-failures-luxury-ev-put-chinese-cars-quality-regulatory-spotlight https://www.scmp.com/business/china-evs/article/3370548/brake-pedal-failures-luxury-ev-put-chinese-cars-quality-regulatory-spotlight Mon, 12 Oct 2026 07:30:06 +0000 Themis Qi Themis Qi Police in China have detained a controller of Yiren Digital, a US-listed Chinese digital lender, after two related investment platforms failed to repay mainland investors for over four months. The Beijing Municipal Public Security Bureau said that it had recently launched an official criminal investigation into relevant companies associated with CreditEase over suspected illegal activities and had arrested controllers, including a 53-year-old male with the surname Tang and a 51-year-old female... https://www.scmp.com/business/banking-finance/article/3370569/beijing-police-detain-yiren-digital-chairman-after-massive-product-defaults https://www.scmp.com/business/banking-finance/article/3370569/beijing-police-detain-yiren-digital-chairman-after-massive-product-defaults Mon, 12 Oct 2026 07:24:24 +0000 Daniel Ren Daniel Ren German sportswear giant Adidas is bent on new fashionable outdoor and street dance apparel to sustain its growth in China amid heightened competition against domestic and international rivals, according to its CEO Bjorn Gulden. “We see that there’s a running boom and an outdoor boom [in China],” he told reporters in a media briefing in Shanghai on Sunday. “We see new sports like street dance [becoming] new activities that look to be relevant for the young people in the universities.” He said... https://www.scmp.com/business/china-business/article/3370520/adidas-ceo-taps-outdoor-sport-street-dance-new-drivers-china-competition-heightens https://www.scmp.com/business/china-business/article/3370520/adidas-ceo-taps-outdoor-sport-street-dance-new-drivers-china-competition-heightens Mon, 12 Oct 2026 06:00:07 +0000 Christina Zhao Christina Zhao More than half of Hong Kong’s working adults believe artificial intelligence will make their retirement path more unpredictable than previous generations, yet only one in five feel financially prepared for the shift, according to a survey by global asset manager T. Rowe Price. About 55 per cent of the 1,004 Hong Kong residents surveyed – all 30 or older and earning at least HK$15,000 (US$2,239) per month – said they expected AI-driven disruptions to destabilise their long-term career and income... https://www.scmp.com/business/banking-finance/article/3370504/hong-kong-workers-fear-ai-driven-disruption-retirement-only-20-feel-prepared-survey https://www.scmp.com/business/banking-finance/article/3370504/hong-kong-workers-fear-ai-driven-disruption-retirement-only-20-feel-prepared-survey Mon, 12 Oct 2026 04:00:12 +0000 Daniel Ren Daniel Ren Groundbreaking land-renewal policies recently announced in Guangzhou and Shanghai represent a step forward in stabilising China’s commercial property market and shoring up investors’ confidence amid Beijing’s efforts to revive the real estate industry, according to officials and industry analysts. The new rules governing the leasing of land for commercial and industrial use will also facilitate the issuance of exchange-traded real estate investment trusts (Reits), a financing tool that... https://www.scmp.com/business/china-business/article/3370350/clock-ticks-chinas-commercial-land-leases-renewal-plans-allay-investors-concerns https://www.scmp.com/business/china-business/article/3370350/clock-ticks-chinas-commercial-land-leases-renewal-plans-allay-investors-concerns Sun, 11 Oct 2026 01:00:11 +0000 Christina Zhao Christina Zhao Gen Z high-net-worth collectors have overtaken older generations as the art market’s biggest spenders, with average fine art expenditure more than twice that of older collectors, helping drive a global sales rebound to nearly US$60 billion, according to the latest Art Basel and UBS market insights. The surge came as mainland China and Hong Kong continued to play pivotal roles in the global art market’s growth, according to the Art Basel and UBS Survey of Global Collecting 2026, released earlier... https://www.scmp.com/business/article/3370329/gen-z-overtakes-older-collectors-art-market-spending-rebounds-globally-report https://www.scmp.com/business/article/3370329/gen-z-overtakes-older-collectors-art-market-spending-rebounds-globally-report Sat, 10 Oct 2026 06:00:15 +0000 Yulu Ao Yulu Ao Global investors are taking another look at Chinese equities after years of cautious positioning, drawn by relatively cheap valuations and opportunities in artificial intelligence, although an end to persistent selling does not indicate an outright bullish turn, according to analysts. Global active long-only funds have raised their average allocation to Chinese equities to benchmark-neutral from underweight since June, according to a recent Bank of America analysis of 2,767 global funds. The... https://www.scmp.com/business/china-business/article/3370035/more-global-investors-eye-chinese-equities-ending-4-year-underweight-run-bank-says https://www.scmp.com/business/china-business/article/3370035/more-global-investors-eye-chinese-equities-ending-4-year-underweight-run-bank-says Thu, 08 Oct 2026 01:00:17 +0000 Tim Yuen Lingk Tim Yuen Lingk Amid various macro uncertainties, interest in private credit declined sharply to 48 per cent from 71 – among alternative investments – while interest in real estate jumped to 52 from 39 per cent, according to the 2026 Asia Advisor Survey released today by financial technology company iCapital. This marks a sharp decline for private credit, which was the leading area of interest among Asian advisers in 2025. In addition to real estate, advisers are also turning to other real assets, with interest... https://www.scmp.com/business/money/investment-products/article/3370002/asian-investors-turn-housing-real-assets-global-tension-shakes-market-confidence https://www.scmp.com/business/money/investment-products/article/3370002/asian-investors-turn-housing-real-assets-global-tension-shakes-market-confidence Wed, 07 Oct 2026 07:00:07 +0000 Enoch Yiu Enoch Yiu Hong Kong’s Mandatory Provident Fund (MPF) recorded a loss in September but still made overall gains of nearly HK$100 billion (US$12.8 billion) over the first nine months of the year, according to data from MPF Ratings released on Wednesday. The 382 investment funds under the MPF schemes delivered a 6.2 per cent average return in the first nine months, despite losing 1.47 per cent in September, the consultancy found. In monetary terms, they earned HK$96.9 billion over the first three quarters... https://www.scmp.com/business/money/investment-products/article/3369945/hong-kongs-mpf-has-gained-nearly-hk100b-year-despite-september-loss-report https://www.scmp.com/business/money/investment-products/article/3369945/hong-kongs-mpf-has-gained-nearly-hk100b-year-despite-september-loss-report Wed, 07 Oct 2026 01:00:13 +0000