https://www.scmp.com/rss/16614/feed News on core investment products for individuals, such as ETFs, dim sum bonds, yuan investments and mutual funds en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Julie Zhang,Enoch Yiu Julie Zhang,Enoch Yiu Hong Kong’s highly anticipated first batch of stablecoin licences did not materialise as expected by the end of March. Industry players said the delay may be caused by a slower-than-expected review process, adding that it could also be due to the regulators’ cautious stance towards launching the first batch of regulated stablecoin licences as the city seeks to cement its status as a digital-asset hub. “I don’t think [the delay] is caused by the market,” said Jack Poon, a member of the task force... https://www.scmp.com/business/banking-finance/article/3348492/hong-kongs-anticipated-stablecoin-licence-end-march-does-not-materialise?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348492/hong-kongs-anticipated-stablecoin-licence-end-march-does-not-materialise?utm_source=rss_feed Wed, 01 Apr 2026 00:30:08 +0000 Julie Zhang,Daniel Ren Julie Zhang,Daniel Ren Biotech firm Hangzhou Diagens Biotechnology is banking on artificial intelligence-powered chromosome testing to drive profit growth following its Hong Kong listing, as China’s falling fertility rate spurs demand for assisted reproduction. “In China, many young people do not want to marry or have children, and by the time they decide to start a family, they need medical help to do so,” said Diagens’ founder and executive director Song Ning. “We are meeting an increasing number of couples every... https://www.scmp.com/business/banking-finance/article/3348335/chinese-company-use-ai-powered-chromosome-testing-boost-profits-and-fast-track-ivf?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348335/chinese-company-use-ai-powered-chromosome-testing-boost-profits-and-fast-track-ivf?utm_source=rss_feed Mon, 30 Mar 2026 02:45:34 +0000 Julie Zhang Julie Zhang Insilico Medicine has signed a potential multibillion-dollar deal with Eli Lilly to license out an early-stage drug pipeline and provide its artificial intelligence platform services in research and development collaborations. Under the agreement announced on Monday, US-headquartered, Hong Kong-listed Insilico will receive an upfront payment of US$115 million. The deal could have a total value of around US$2.75 billion tied to development, regulatory and commercial milestones, plus tiered... https://www.scmp.com/business/china-business/article/3348333/hong-kong-listed-insilico-medicine-signs-ai-drug-development-deal-eli-lilly?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348333/hong-kong-listed-insilico-medicine-signs-ai-drug-development-deal-eli-lilly?utm_source=rss_feed Mon, 30 Mar 2026 01:24:48 +0000 Julie Zhang Julie Zhang Private equity investment in the Asia-Pacific region is increasingly flowing into advanced manufacturing and healthcare, as global uncertainties push investors towards businesses with more predictable cash flow, according to Bain & Co research. The move away from the previously dominant technology, media and telecommunications sector “has been a gradual move, driven by the external environment and uncertainties”, said Elsa Sit, practice vice-president in the Asia-Pacific private equity team with... https://www.scmp.com/business/banking-finance/article/3347629/asian-private-equity-focused-cash-flow-fundraising-falls-12-year-low?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347629/asian-private-equity-focused-cash-flow-fundraising-falls-12-year-low?utm_source=rss_feed Tue, 24 Mar 2026 01:00:31 +0000 Julie Zhang Julie Zhang Chinese contract drug makers – including WuXi AppTec, WuXi Biologics and WuXi XDC – face a less certain long-term revenue outlook as US pharmaceutical companies bring production in-house and reconfigure supply chains amid rising US-China tensions. While near-term earnings remained largely locked in, visibility beyond that was limited, according to Cui Cui, head of healthcare research for Asia at Jefferies. “Earnings visibility for 2026 and 2027 is still very strong – revenue momentum is largely... https://www.scmp.com/business/china-business/article/3346911/us-reshoring-drive-casts-shadow-over-chinas-contract-drug-makers-analyst?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346911/us-reshoring-drive-casts-shadow-over-chinas-contract-drug-makers-analyst?utm_source=rss_feed Tue, 17 Mar 2026 11:48:41 +0000 Julie Zhang Julie Zhang Hong Kong’s export credit insurer is keeping premiums low and expanding support for small and medium-sized enterprises (SMEs), even as geopolitical tensions in the Middle East raise concerns about risks to global trade. Unlike the typical trade credit insurance model – where insurers raise premiums when geopolitical risks increase – the Hong Kong Export Credit Insurance Corporation (HKECIC) said it had continued offering concessions to exporters to help them weather uncertainty. “In the... https://www.scmp.com/business/banking-finance/article/3346369/hong-kong-export-credit-insurer-keeps-premiums-low-despite-middle-east-tensions?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3346369/hong-kong-export-credit-insurer-keeps-premiums-low-despite-middle-east-tensions?utm_source=rss_feed Thu, 12 Mar 2026 11:00:17 +0000 Julie Zhang Julie Zhang Ahead of China’s annual legislative meetings – typically a window into Beijing’s top-level policy agenda – this is the eighth entry in a series examining the complex economic recalibration driving China’s growth philosophy and its wide-ranging implications for local governments, financial investors and private enterprises. Investors are watching Beijing’s annual “two sessions” this week for signs that the country will address drug pricing and shore up its drug payment system, as a new form of... https://www.scmp.com/business/china-business/article/3345310/healthcare-investors-keeping-eye-two-sessions-clarity-drug-pricing?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3345310/healthcare-investors-keeping-eye-two-sessions-clarity-drug-pricing?utm_source=rss_feed Wed, 04 Mar 2026 00:44:27 +0000 Julie Zhang Julie Zhang Beijing should create a “connect” scheme for initial public offerings (IPOs) in the Greater Bay Area to allow mainland Chinese and Hong Kong investors to buy into new listings across the border, HSBC Asia-Pacific chairman Peter Wong Tung-shun said on the eve of China’s annual “two sessions” meetings. “If investors in both Shenzhen and Hong Kong are further allowed to participate simultaneously in IPOs in both markets – achieving a more comprehensive IPO connect mechanism for the Greater Bay Area... https://www.scmp.com/business/banking-finance/article/3345285/hsbc-chairman-floats-ipo-connect-hong-kong-shenzhen-ahead-chinas-two-sessions?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345285/hsbc-chairman-floats-ipo-connect-hong-kong-shenzhen-ahead-chinas-two-sessions?utm_source=rss_feed Tue, 03 Mar 2026 10:30:09 +0000 Julie Zhang Julie Zhang Hong Kong-listed mainland Chinese pharmaceutical companies are on track to deliver full-year profits, as surging drug sales and lucrative out-licensing deals with global partners start to pay off after years of research and development outlay. “Despite domestic challenges, particularly drug pricing pressure, the earnings performance of innovative drugs should still fare well in China in 2025,” said Tony Ren, head of Asia Healthcare Research at Macquarie Capital. Innovent Biologics, the first... https://www.scmp.com/business/china-business/article/3344928/hong-kong-listed-chinese-drug-firms-set-turn-corner-rising-sales-licensing-deals?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344928/hong-kong-listed-chinese-drug-firms-set-turn-corner-rising-sales-licensing-deals?utm_source=rss_feed Sun, 01 Mar 2026 04:00:22 +0000 Julie Zhang,Yulu Ao Julie Zhang,Yulu Ao Until last year, Fidelity International’s most significant cornerstone commitments on the Hong Kong initial public offering (IPO) market dated back to 2021, when Chinese short-video platform Kuaishou Technology raised US$5.4 billion and healthcare firm Medlive Technology completed a US$543.4 million listing. Then for the next four years, the asset manager went quiet. Late last year it returned to Chinese assets in force. It backed gold miner Zijin Gold International’s US$3.2 billion listing in... https://www.scmp.com/business/banking-finance/article/3344890/big-cornerstone-comeback-whats-driving-investors-back-hong-kong-ipos?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3344890/big-cornerstone-comeback-whats-driving-investors-back-hong-kong-ipos?utm_source=rss_feed Sat, 28 Feb 2026 02:00:57 +0000 Julie Zhang Julie Zhang Chinese healthcare companies are looking to expand overseas to serve Chinese communities in regions such as the Middle East and Southeast Asia, where many mainland companies are setting up operations across sectors. “A wide range of Chinese companies are expanding overseas,” setting up local operations and bringing Chinese employees with them, said Philip Wang, CEO of Distinct Healthcare Holdings, in an interview on Monday. “Chinese expatriate workers are often not familiar with the local... https://www.scmp.com/business/china-business/article/3343106/chinese-healthcare-firms-expand-overseas-support-growing-expat-community?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343106/chinese-healthcare-firms-expand-overseas-support-growing-expat-community?utm_source=rss_feed Wed, 11 Feb 2026 01:00:34 +0000 Julie Zhang Julie Zhang Investors in mainland China raised their stakes in Hong Kong-listed drug makers through the cross-border trading link over the past week, as a wave of out-licensing deals between the country’s pharmaceutical firms and global partners rolls on. The Hang Seng Southbound Connect Hong Kong Innovative Drug Index, which tracks around 40 of the largest Hong Kong-listed Chinese drug manufacturers, biotech researchers and AI-driven drug developers by market capitalisation, rose about 8 per cent between... https://www.scmp.com/business/banking-finance/article/3343011/chinese-investors-pour-hong-kong-listed-drug-stocks-international-deals-multiply?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3343011/chinese-investors-pour-hong-kong-listed-drug-stocks-international-deals-multiply?utm_source=rss_feed Tue, 10 Feb 2026 05:00:18 +0000 Julie Zhang Julie Zhang A unit of Fosun Pharma has struck a US$1.55 billion deal to license its home-grown cancer drug to Japan’s Eisai, adding to a wave of out-licensing agreements that are channelling billions of dollars into Chinese novel drug development. The deal comes as Chinese novel drug makers are having more say in how their new medicines are developed with global partners, shifting from simple one-off licensing fees, where a company is paid for granting rights to its drug, to long-term collaborations. Under... https://www.scmp.com/business/china-business/article/3342652/fosun-pharmas-us155-billion-eisai-deal-signals-shift-long-term-partnerships?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342652/fosun-pharmas-us155-billion-eisai-deal-signals-shift-long-term-partnerships?utm_source=rss_feed Fri, 06 Feb 2026 09:00:15 +0000 Julie Zhang,Themis Qi Julie Zhang,Themis Qi Another gold fund in mainland China suspended new investments as precious metals extended a plunge on Monday, heightening dilemmas for investors. The Harvest Gold Securities Investment Fund, a listed open-ended fund (LOF) investing in gold-related products, said it would suspend new investments from Tuesday until further notice. The fund manager said it aimed to ensure stable operation and protect the interests of unit holders. On Wednesday, E Fund Management’s E Fund Gold Theme LOF also closed... https://www.scmp.com/business/banking-finance/article/3342079/gut-check-time-how-chinese-gold-and-silver-investors-assess-metals-volatility?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3342079/gut-check-time-how-chinese-gold-and-silver-investors-assess-metals-volatility?utm_source=rss_feed Mon, 02 Feb 2026 08:30:13 +0000 Julie Zhang Julie Zhang Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, sold all 350 units released on Sunday in its Sierra Sea project, marking a fifth consecutive sell-out and underscoring returning buyer appetite in the world’s most expensive property market. The batch at phase 2B included 244 two-bedroom and 106 three-bedroom units, with discounted prices ranging from HK$4.6 million (US$590,000) to HK$9.74 million, according to sales documents released on Wednesday. The... https://www.scmp.com/business/companies/article/3341986/hong-kongs-shkp-rolls-out-350-sierra-sea-flats-after-sell-outs-worlds-priciest-market?utm_source=rss_feed https://www.scmp.com/business/companies/article/3341986/hong-kongs-shkp-rolls-out-350-sierra-sea-flats-after-sell-outs-worlds-priciest-market?utm_source=rss_feed Sun, 01 Feb 2026 09:00:12 +0000 Julie Zhang Julie Zhang Hong Kong’s biotech fundraising momentum is expected to extend into 2026, as licensing deals and strong post-initial public offering (IPO) trading last year persuaded investors that China’s drug developers are worth backing again – even before they generate revenue. “Chinese innovation drugs expanding into overseas markets have become the industry mainstream, indicating the domestic innovation sector has entered its harvest phase,” said Felix Huang, head of equity at Oakwise Capital. “New trends... https://www.scmp.com/business/banking-finance/article/3338714/biology-winter-thaws-why-investors-are-piling-hong-kongs-biotech-ipos?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3338714/biology-winter-thaws-why-investors-are-piling-hong-kongs-biotech-ipos?utm_source=rss_feed Mon, 05 Jan 2026 03:00:22 +0000 Aileen Chuang Aileen Chuang Digital finance has moved into the mainstream as regulated stablecoins and tokenised assets scale up, but industry experts say 2026 will be defined by success in developing interoperable, regulated, use-case-driven rails rather than more digital silos. As more than 130 jurisdictions explore central bank digital currencies (CBDCs), alongside dozens of stablecoin initiatives and a growing array of tokenisation platforms, day-to-day payments and finance are undergoing a rapid structural... https://www.scmp.com/business/cryptocurrency/article/3338656/digital-finance-2026-what-expect-pilot-schemes-move-real-world-use?utm_source=rss_feed https://www.scmp.com/business/cryptocurrency/article/3338656/digital-finance-2026-what-expect-pilot-schemes-move-real-world-use?utm_source=rss_feed Sun, 04 Jan 2026 23:30:15 +0000 Julie Zhang Julie Zhang Chinese drugmakers have signed a late-year burst of out-licensing agreements with overseas partners, underlining China’s growing role as a source of novel medicines as multinational pharma groups hunt for new assets. Jacobio Pharmaceuticals said it expected to receive an upfront payment of US$100 million from AstraZeneca, according to a filing to the Hong Kong stock exchange on December 21. The British-Swedish drugmaker was paying for exclusive rights to research, develop, register, manufacture... https://www.scmp.com/business/china-business/article/3337756/chinas-rising-biotech-clout-show-flurry-billion-dollar-licensing-deals?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337756/chinas-rising-biotech-clout-show-flurry-billion-dollar-licensing-deals?utm_source=rss_feed Fri, 26 Dec 2025 02:47:50 +0000 Julie Zhang Julie Zhang Hong Kong is putting gold at the centre of its push to become a global commodities trading hub, with officials prioritising plans for an international gold trading centre alongside a broader strategy to expand the city’s role in physical trade, derivatives and logistics. The government’s newly formed Commodity Strategy Committee held its first meeting on Monday under Financial Secretary Paul Chan Mo-po, as Hong Kong looked to build out a commodities ecosystem that would generate new growth... https://www.scmp.com/business/banking-finance/article/3337366/gold-takes-centre-stage-hong-kong-launches-committee-build-commodities-ecosystem?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3337366/gold-takes-centre-stage-hong-kong-launches-committee-build-commodities-ecosystem?utm_source=rss_feed Mon, 22 Dec 2025 11:11:01 +0000 Julie Zhang Julie Zhang Hong Kong Exchanges and Clearing (HKEX) has launched its first equity index tracking Hong Kong-listed technology companies, underscoring the city’s ongoing shift from a market long dominated by property and finance towards innovation-driven growth. Unveiled on Tuesday, the HKEX Tech 100 Index tracks 100 large-cap and mid-cap companies spanning artificial intelligence, biotech and pharmaceuticals, electric vehicles and smart driving, information technology, internet, and robotics. Biotech... https://www.scmp.com/business/banking-finance/article/3335684/hong-kong-launches-hkex-tech-100-index-pivot-towards-innovation-driven-growth?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3335684/hong-kong-launches-hkex-tech-100-index-pivot-towards-innovation-driven-growth?utm_source=rss_feed Tue, 09 Dec 2025 03:33:10 +0000 Themis Qi,Peggy Ye Themis Qi,Peggy Ye More than half of China’s high-net-worth individuals (HNWIs) plan to increase the share of offshore investments in their portfolios over the next year as they seek diversification amid macroeconomic uncertainty, according to a joint report by insurer YF Life and wealth research firm Hurun. The survey covered 500 affluent mainland Chinese, with an average age of 44 and average household net assets of 37 million yuan (US$5.23 million). Just over half of the respondents were business... https://www.scmp.com/business/china-business/article/3335208/chinas-rich-step-offshore-bets-gold-and-insurance-gain-favour?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3335208/chinas-rich-step-offshore-bets-gold-and-insurance-gain-favour?utm_source=rss_feed Thu, 04 Dec 2025 11:00:18 +0000 Julie Zhang Julie Zhang Jingdong Industrials, the supply-chain technology arm of JD.com, aims to raise as much as HK$3.21 billion (US$412 million) through a Hong Kong stock offering, joining a wave of mainland Chinese companies tapping into the city’s buoyant capital market. The company said it would offer 211.21 million shares priced between HK$12.70 and HK$15.50 in its primary offering, with the final offer price to be determined on December 10, according to a filing with the Hong Kong stock exchange on... https://www.scmp.com/business/banking-finance/article/3334984/chinas-jdcom-unit-jingdong-industrials-aims-us412-million-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3334984/chinas-jdcom-unit-jingdong-industrials-aims-us412-million-hong-kong-ipo?utm_source=rss_feed Wed, 03 Dec 2025 02:32:17 +0000 Julie Zhang Julie Zhang Hong Kong’s booming fundraising market is set for another busy week, with four companies scheduled to debut this week and a string of billion-dollar listings – including Chinese luxury electric vehicle maker Avatr Technology – lining up behind them. Among this week’s newcomers, chip materials supplier Guangdong Tianyu Semiconductor plans to raise the highest sum, seeking up to HK$1.74 billion (US$223.42 million) from the sale of 30.07 million shares. The shares have been priced at HK$58 each.... https://www.scmp.com/business/banking-finance/article/3334910/chips-noodles-newcomers-testing-hong-kongs-buoyant-ipo-market?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3334910/chips-noodles-newcomers-testing-hong-kongs-buoyant-ipo-market?utm_source=rss_feed Tue, 02 Dec 2025 23:30:09 +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 Julie Zhang Julie Zhang Hong Kong retail funds booked gross sales of US$82.6 billion in the first three quarters of this year – surpassing the full-year total for 2024 – as inflows into fixed-income products surged, according to data from the Hong Kong Investment Funds Association (HKIFA). Gross sales jumped 35 per cent year on year. Net sales reached US$15.7 billion year to date, the highest level in the past decade and 44 per cent higher than a year earlier, exceeding the US$12.3 billion of net inflows recorded for... https://www.scmp.com/business/banking-finance/article/3334235/hong-kong-retail-funds-hit-record-pace-surpass-2024-full-year-total?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3334235/hong-kong-retail-funds-hit-record-pace-surpass-2024-full-year-total?utm_source=rss_feed Wed, 26 Nov 2025 09:49:07 +0000 Aileen Chuang Aileen Chuang Hong Kong-based Tykhe Capital Group and Malaysia’s Skyvast Digital have launched a US$150 million tokenised fund that offers investors exposure to artificial intelligence infrastructure, using an innovative arrangement designed to share project revenues and boost liquidity. SKYD Token was “the world’s first global-grade AI infrastructure tokenised fund”, Tykhe’s subsidiary, Pioneer Asset Management, and AI infrastructure developer Skyvast said in a press release on Monday. The fund will provide... https://www.scmp.com/business/article/3333957/hong-kong-and-malaysian-firms-roll-out-us150-million-tokenised-ai-infrastructure-fund?utm_source=rss_feed https://www.scmp.com/business/article/3333957/hong-kong-and-malaysian-firms-roll-out-us150-million-tokenised-ai-infrastructure-fund?utm_source=rss_feed Mon, 24 Nov 2025 10:30:10 +0000 Julie Zhang Julie Zhang A majority of Asia-Pacific institutional investors believe markets are due for a correction in 2026, citing a potential tech bubble, geopolitical tensions and recession as their primary worries, according to a survey report published on Tuesday by Natixis Investment Managers. Global markets had been “remarkably resilient” in 2025 despite challenges such as tariffs, geopolitical conflicts and supply chain disruptions, according to Natixis. However, 74 per cent of institutional investors globally... https://www.scmp.com/business/banking-finance/article/3333509/asia-pacific-investors-brace-market-correction-2026-amid-tech-bubble-fears-survey?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3333509/asia-pacific-investors-brace-market-correction-2026-amid-tech-bubble-fears-survey?utm_source=rss_feed Thu, 20 Nov 2025 06:22:42 +0000 Julie Zhang Julie Zhang Unitree Robotics, one of China’s leading humanoid robot manufacturers, has completed its pre-initial public offering (IPO) tutoring process in only four months, a major step towards an onshore listing amid Beijing’s push for technological self-reliance and advancement, according to government documents. The Hangzhou-based unicorn passed regulatory checks with the Zhejiang Securities Regulatory Bureau, concluding a pre-listing tutoring period that began on July 18, the China Securities Regulatory... https://www.scmp.com/business/banking-finance/article/3333047/chinas-unitree-robotics-completes-pre-ipo-tutoring-onshore-listing?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3333047/chinas-unitree-robotics-completes-pre-ipo-tutoring-onshore-listing?utm_source=rss_feed Mon, 17 Nov 2025 04:48:47 +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 Aileen Chuang Aileen Chuang Hong Kong’s de facto central bank has begun facilitating real-value transactions using tokenised deposits and digital assets under a controlled pilot programme from Thursday, reinforcing the city’s status as a fintech hub. The new phase of the Project Ensemble sandbox would enable seven commercial banks and 13 industry participants to settle tokenised transactions “faster, more transparently and efficiently”, the Hong Kong Monetary Authority (HKMA) said in a press release on Thursday. The... https://www.scmp.com/business/banking-finance/article/3332625/hong-kong-moves-theory-practice-real-value-tokenised-money-asset-deals?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3332625/hong-kong-moves-theory-practice-real-value-tokenised-money-asset-deals?utm_source=rss_feed Thu, 13 Nov 2025 10:00:58 +0000 Julie Zhang Julie Zhang The Hong Kong government priced a record HK$10 billion (US$1.3 billion) tokenised green bond offering on Monday, completing the world’s first government issuance to allow settlement using digital-fiat currencies as the city pushes to burnish its standing as a global hub for digital assets. “Hong Kong is uniquely positioned to connect traditional finance to the digital asset era,” said Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury, in an announcement published by the... https://www.scmp.com/business/banking-finance/article/3332391/hong-kong-prices-worlds-first-government-bonds-tokenised-settlement?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3332391/hong-kong-prices-worlds-first-government-bonds-tokenised-settlement?utm_source=rss_feed Tue, 11 Nov 2025 14:46:26 +0000 Enoch Yiu Enoch Yiu Hong Kong and mainland China will continue to be the growth engine for asset-management companies as both local and international investors are starting to shift from holding cash to investing in equities and bonds in the region, according to the top boss of US fund house Invesco. “There is a trend of redistribution of people’s portfolios, as they are looking for value opportunities, which are showing up in emerging markets, equity, emerging-market debt and global equities,” said Andrew... https://www.scmp.com/business/markets/article/3331852/investor-migration-deposits-asian-markets-gathers-speed-invesco-boss-says?utm_source=rss_feed https://www.scmp.com/business/markets/article/3331852/investor-migration-deposits-asian-markets-gathers-speed-invesco-boss-says?utm_source=rss_feed Fri, 07 Nov 2025 01:56:26 +0000 Julie Zhang,Cheryl Arcibal Julie Zhang,Cheryl Arcibal Switzerland’s MKS PAMP, one of the world’s largest refiners and traders of precious metals, has joined a growing number of European companies that are expanding operations in Hong Kong, drawn by the city’s strengthened focus on its financial services and commodity trading sectors. The Geneva-based firm – locally known for minting the centenary gold bars for Bank of China (Hong Kong) in 2017 – on Thursday opened its 3,600 sq ft regional headquarters at the St John’s Building on Garden Road in... https://www.scmp.com/business/banking-finance/article/3331186/swiss-firm-mks-pamp-aims-help-build-hong-kong-international-gold-trading-hub?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3331186/swiss-firm-mks-pamp-aims-help-build-hong-kong-international-gold-trading-hub?utm_source=rss_feed Sun, 02 Nov 2025 06:00:17 +0000 Zhang Shidong Zhang Shidong Over the past week, investors hoping for an extension of this year’s blistering, tech-led run on Chinese equities have been poring over – and reading between the lines of – a draft of Beijing’s plan for economic and social development in the next five years. The blueprint emerged from a four-day Communist Party plenum that concluded on October 23, during which party chief Xi Jinping and the all-powerful Central Committee pledged to advance core technologies from semiconductors to artificial... https://www.scmp.com/business/china-business/article/3331036/chinese-stocks-investors-study-beijings-5-year-plan-hints-future-market-forces?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3331036/chinese-stocks-investors-study-beijings-5-year-plan-hints-future-market-forces?utm_source=rss_feed Sat, 01 Nov 2025 02:00:09 +0000 Julie Zhang Julie Zhang Hong Kong has pulled ahead of Singapore in attracting technology-driven companies that use cryptocurrency for treasury management and other applications, reinforcing its position as Asia’s leading digital-asset hub, at least for now, according to a crypto industry veteran who advises both governments. “Over the past two years, especially in the first half of this year, many professionals and companies in the Web3 ecosystem have relocated their headquarters to Hong Kong from Singapore,” said Gu... https://www.scmp.com/business/banking-finance/article/3330994/hong-kong-pulls-ahead-singapore-race-attract-crypto-treasuries-blockchain-expert?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3330994/hong-kong-pulls-ahead-singapore-race-attract-crypto-treasuries-blockchain-expert?utm_source=rss_feed Fri, 31 Oct 2025 03:02:06 +0000 Julie Zhang Julie Zhang Chinese new energy vehicle maker Seres Group, whose suppliers include Huawei Technologies, filed for an initial public offering (IPO) in Hong Kong on Monday, aiming to raise HK$13.18 billion (US$1.7 billion) amid a wave of long-term global capital flocking to Hong Kong listings. The EV maker plans to sell 100.2 million shares through its secondary listing in Hong Kong, with the offer price capped at HK$131.50 per share. The price determination date was expected to be around November 3, according... https://www.scmp.com/business/banking-finance/article/3330427/huawei-powered-chinese-ev-maker-seres-seeks-us17-billion-hong-kong-listing?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3330427/huawei-powered-chinese-ev-maker-seres-seeks-us17-billion-hong-kong-listing?utm_source=rss_feed Mon, 27 Oct 2025 05:15:06 +0000 Julie Zhang Julie Zhang BeOne Medicines, a global drug company that originated as a research and development firm in Beijing, plans to launch more cancer drugs in Hong Kong and expand production in Guangzhou to tap greater market opportunities arising from local drug-approval reforms two years ago. The company has brought three types of cancer medications to Hong Kong so far and intends to seek approval from local health authorities to cover additional medical indications by the end of this year. “The Guangzhou... https://www.scmp.com/business/china-business/article/3330043/beone-medicines-bring-more-cancer-drugs-hong-kong-thanks-easier-approval-regime?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3330043/beone-medicines-bring-more-cancer-drugs-hong-kong-thanks-easier-approval-regime?utm_source=rss_feed Thu, 23 Oct 2025 23:30:09 +0000 Julie Zhang Julie Zhang Japan’s stock market is expected to extend its rally if the next government continues efforts to boost economic growth and prevent the country from returning to deflation, investment managers at Fidelity International said on Thursday. The benchmark Nikkei 225 index reached a record high of 48,580.44 on October 9, surpassing the 1989 Japanese economic bubble-era peak, as political parties vied for influence ahead of a parliamentary vote next week to elect the country’s next leader. Whether the... https://www.scmp.com/business/banking-finance/article/3329234/japans-market-boom-continue-despite-political-uncertainty-fidelity?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3329234/japans-market-boom-continue-despite-political-uncertainty-fidelity?utm_source=rss_feed Thu, 16 Oct 2025 09:15:08 +0000 Julie Zhang Julie Zhang Hong Kong Exchanges and Clearing (HKEX) plans to launch the Hang Seng Biotech Index Futures next month, as offshore investors show heightened interest in mainland Chinese biopharmaceutical stocks listed in the city. The new futures contracts platform, which is expected to commence trading on November 28, aims to offer investors a risk management tool for “one of the fastest-growing and most dynamic sectors”, the exchange operator said on Tuesday. Built on the Hang Seng Biotech Index, the... https://www.scmp.com/business/banking-finance/article/3328946/hkexs-new-hang-seng-biotech-index-futures-debut-next-month?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328946/hkexs-new-hang-seng-biotech-index-futures-debut-next-month?utm_source=rss_feed Tue, 14 Oct 2025 11:00:13 +0000 Julie Zhang Julie Zhang Hong Kong’s strength as an asset and wealth management hub stems from its role as the gateway to mainland China, according to panellists at a forum on Friday, citing the city’s deep connection to a vast pool of Chinese resources, capital flows and entrepreneurial innovation. “Most of the world’s wealth will originate from mainland China in this century, and Hong Kong will be a key beneficiary, thanks to its unique position as part of the Greater Bay Area and an offshore centre close to the heart... https://www.scmp.com/business/banking-finance/article/3327817/redefining-hong-kong-city-remains-key-beneficiary-chinas-continued-opening-efforts?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3327817/redefining-hong-kong-city-remains-key-beneficiary-chinas-continued-opening-efforts?utm_source=rss_feed Fri, 03 Oct 2025 10:31:49 +0000 Aileen Chuang,Danielle Popov Aileen Chuang,Danielle Popov Most Hongkongers prioritise stable returns for their long-term financial goals, as longer lifespans reshape retirement needs and create demand for new investment products, according to a report by a government-backed body on Monday. The Hong Kong Institute for Monetary and Financial Research (HKIMR) said 66 per cent of individuals surveyed highlighted stable returns, while 60 per cent wanted to maintain their current living standards after retirement and for healthcare expenses. The HKIMR is the... https://www.scmp.com/business/banking-finance/article/3326422/hongkongers-seek-stable-returns-longer-lifespans-reshape-retirement-needs-survey?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3326422/hongkongers-seek-stable-returns-longer-lifespans-reshape-retirement-needs-survey?utm_source=rss_feed Mon, 22 Sep 2025 12:41:36 +0000 Aileen Chuang Aileen Chuang Hong Kong-based MicroBit Capital Management took two years to launch its bitcoin and ether exchange-traded funds (ETFs), with their debuts coming amid record-high prices for cryptocurrencies and global regulators’ increasing recognition of digital assets. “Now I believe everybody considers bitcoin, or cryptocurrencies, as quite an important asset class; it’s no longer a scam,” said chief investment officer Kenny Khuong last month during MicroBit’s ETF listings on the Hong Kong stock exchange.... https://www.scmp.com/business/article/3326016/unpacking-cryptos-potential-could-take-digital-assets-mainstream-shape-future-investing?utm_source=rss_feed https://www.scmp.com/business/article/3326016/unpacking-cryptos-potential-could-take-digital-assets-mainstream-shape-future-investing?utm_source=rss_feed Sat, 20 Sep 2025 02:00:16 +0000 Aileen Chuang Aileen Chuang Hong Kong is boosting financial ties with the Middle East by signing initial accords with the United Arab Emirates (UAE) to enable mutual recognition of funds and cross-listings of exchange-traded funds (ETFs) on the Abu Dhabi Securities Exchange. Hong Kong’s market regulator, the Securities and Futures Commission (SFC), and the UAE’s Securities and Commodities Authority signed a memorandum of understanding on Wednesday to facilitate the mutual recognition of funds. This would allow public... https://www.scmp.com/business/banking-finance/article/3325954/hong-kong-and-uae-strengthen-financial-ties-etf-and-fund-accords?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325954/hong-kong-and-uae-strengthen-financial-ties-etf-and-fund-accords?utm_source=rss_feed Thu, 18 Sep 2025 06:00:13 +0000 Enoch Yiu Enoch Yiu Alibaba Group Holding plans to raise US$3.2 billion by selling zero-coupon convertible senior notes, part of moves to fund its cloud and international e-commerce operations, according to a stock exchange filing on Thursday. The zero-coupon convertible senior notes – which mature on September 15, 2032 – would be sold via a private offering to non-US investors, the filing said. The US dollar-denomi denominated notes will not pay any interest but will allow bondholders to exchange the notes into... https://www.scmp.com/business/article/3325133/alibaba-raise-us32-billion-convertible-notes-fund-cloud-and-e-commerce-push?utm_source=rss_feed https://www.scmp.com/business/article/3325133/alibaba-raise-us32-billion-convertible-notes-fund-cloud-and-e-commerce-push?utm_source=rss_feed Thu, 11 Sep 2025 04:31:24 +0000 Salina Li Salina Li Global family offices will remain consistent in their strategic allocations over the next 12 months amid growing concerns over geopolitical risks, though some are willing to increase their exposure to public and private equity, Goldman Sachs said in a survey published on Wednesday. Meena Flynn, co-head of global private wealth management at the US investment bank, said the global average asset allocation remained broadly consistent from 2023 to 2025, though respondents expressed concerns about... https://www.scmp.com/business/article/3325078/family-offices-keep-consistent-allocations-over-next-12-months-goldman-sachs-survey?utm_source=rss_feed https://www.scmp.com/business/article/3325078/family-offices-keep-consistent-allocations-over-next-12-months-goldman-sachs-survey?utm_source=rss_feed Wed, 10 Sep 2025 12:21:19 +0000 Aileen Chuang Aileen Chuang Wealthy investors across Asia are increasingly buying into the US$210 billion secondary private-equity market, betting on bargains and cash flow as a strategic response to geopolitical and economic uncertainties. Attracted by diversification and liquidity, Asian investors – including from Hong Kong and Singapore – accounted for more than half of the subscriptions to a US$1.2 billion secondary fund co-managed by Franklin Templeton and Lexington Partners, Christian Bucaro, Franklin Templeton’s... https://www.scmp.com/business/money/investment-products/article/3324721/wealthy-asians-turn-secondary-private-equity-amid-geopolitical-economic-strains?utm_source=rss_feed https://www.scmp.com/business/money/investment-products/article/3324721/wealthy-asians-turn-secondary-private-equity-amid-geopolitical-economic-strains?utm_source=rss_feed Mon, 08 Sep 2025 09:00:09 +0000 Enoch Yiu Enoch Yiu Citigroup’s Asia private bank has hired 10 per cent more advisers this year as strong capital inflows have sparked rallies in Hong Kong and other markets in the region, its Hong Kong head said. In an interview on Wednesday, Horace Yip Chi-ho said a growing number of wealthy clients wanted to take advantage of the rallies and were interested in alternative investments like hedge funds and private equity. “We needed to hire more people as we have seen a growing business this year in Asia,... https://www.scmp.com/business/banking-finance/article/3324298/citis-asia-private-bank-ramps-hiring-strong-capital-inflows-drive-regional-rally?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3324298/citis-asia-private-bank-ramps-hiring-strong-capital-inflows-drive-regional-rally?utm_source=rss_feed Thu, 04 Sep 2025 23:30:07 +0000 Enoch Yiu Enoch Yiu Sales of non-listed investment products soared to a record last year in Hong Kong, as capital poured into mutual funds, debt and equity-lined financial products amid improving market sentiments, underscoring the city’s growth as a financial hub. Sales increased by 40 per cent from 2023 to a record HK$6.07 trillion (US$778.3 billion), according to a survey released on Thursday by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA). As many as 1.2 million... https://www.scmp.com/business/banking-finance/article/3324366/hong-kongs-financial-market-booms-stocks-rally-fuels-sales-funds-bonds-and-others?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3324366/hong-kongs-financial-market-booms-stocks-rally-fuels-sales-funds-bonds-and-others?utm_source=rss_feed Thu, 04 Sep 2025 10:34:06 +0000 Enoch Yiu Enoch Yiu The city’s pension regulator has begun a review of regulations related to a fee cap for a popular investment option under the Mandatory Provident Fund (MPF), as Hongkongers get older and work past the traditional retirement age. In a recent interview, chairwoman Ayesha Macpherson Lau of the Mandatory Provident Fund Schemes Authority (MPFA) said the review, to be completed next year, would be the first attempt at reforming the low-fee Default Investment Strategy (DIS) fund since its launch in... https://www.scmp.com/business/article/3324053/hong-kongs-mpfa-reviews-low-fee-funds-address-needs-silver-economy?utm_source=rss_feed https://www.scmp.com/business/article/3324053/hong-kongs-mpfa-reviews-low-fee-funds-address-needs-silver-economy?utm_source=rss_feed Tue, 02 Sep 2025 23:30:08 +0000 Aileen Chuang Aileen Chuang Global investors have ramped up use of Chinese bonds in short-term borrowing agreements in Hong Kong, taking advantage of new measures from mainland and Hong Kong regulators that took effect on Monday. Several banks, securities firms and hedge funds completed their first trades under the offshore Bond Connect repurchase (repo) business set up by the Hong Kong Monetary Authority (HKMA), leveraging enhancements announced last month, including the repledging of bond collateral during the lifetime... https://www.scmp.com/business/banking-finance/article/3323060/chinese-bonds-find-fast-favour-hong-kong-short-term-borrowing-new-rules-take-effect?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3323060/chinese-bonds-find-fast-favour-hong-kong-short-term-borrowing-new-rules-take-effect?utm_source=rss_feed Mon, 25 Aug 2025 09:30:07 +0000