https://www.scmp.com/rss/26820/feed HSBC is one of the world's largest banking and financial services organisations, serving around 39 million customers across its wealth and personal banking, commercial banking and global banking & markets segments. The bank was established in Hong Kong in 1865 and now operates in 62 countries. In 1993, the lender moved its headquarters to London following its acquisition of Midland Bank in the UK. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Enoch Yiu Enoch Yiu HSBC Holdings has rejected allegations linking it to a money laundering case involving Iran, with chairman Brendan Nelson saying the bank was not a party to the matter and had only been asked to provide information. Responding to a shareholder at an informal meeting in Hong Kong on Tuesday, Nelson said HSBC had no records related to the transactions in question. “This is a case where HSBC is not a party, but in fact has only been asked to provide information relating to transactions that... https://www.scmp.com/business/article/3350911/no-records-no-role-hsbc-rejects-iran-linked-money-laundering-claim?utm_source=rss_feed https://www.scmp.com/business/article/3350911/no-records-no-role-hsbc-rejects-iran-linked-money-laundering-claim?utm_source=rss_feed Tue, 21 Apr 2026 12:36:35 +0000 Paul McNamara Paul McNamara Hong Kong could be invited to compete with the big guns in their own flagship Sevens within three years, but the city team have only sporting meritocracy to blame for their current lack of competitive opportunities, according to a senior World Rugby figure. Following a restructure for the current campaign, Hong Kong’s semi-final elimination from the third-tier HSBC SVNS 3 in January left them with a blank calendar until October’s Asian Games, save for their exhibition Melrose Claymores... https://www.scmp.com/sport/rugby/hk-sevens/article/3350770/get-better-or-stay-sevens-circuit-wilderness-rugby-chief-tells-hong-kong?utm_source=rss_feed https://www.scmp.com/sport/rugby/hk-sevens/article/3350770/get-better-or-stay-sevens-circuit-wilderness-rugby-chief-tells-hong-kong?utm_source=rss_feed Tue, 21 Apr 2026 00:00:11 +0000 Enoch Yiu Enoch Yiu Global retail investors have pulled back into cash amid uncertainties from Middle East conflicts, while high-net-worth clients have continued to pursue investment opportunities in Asia and alternative assets, according to the CEO of Schroders. “What we saw in March was a reversal of the trend that we had seen at the end of 2025 and in January and February, when people increased their interest in investing in stocks,” said Richard Oldfield, global CEO of Schroders. “What really happened in March... https://www.scmp.com/business/banking-finance/article/3350531/global-retail-investors-shift-cash-asia-still-draws-wealthy-clients-schroders-ceo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3350531/global-retail-investors-shift-cash-asia-still-draws-wealthy-clients-schroders-ceo?utm_source=rss_feed Sun, 19 Apr 2026 23:30:10 +0000 Paul McNamara Paul McNamara South Africa ended 29 years of hurt, brutally and ruthlessly wresting the Cathay/HSBC Hong Kong Sevens crown from Argentina at a charged Kai Tak Stadium on Sunday. The king may be dead, but rugby sevens has anointed a new all-powerful monarch. On easy street from the ninth minute, when Ryan Oosthuizen crossed to open up a 12-point lead, South Africa ran riot. They added 16 points in the closing five minutes to win 35-7, claiming their first Hong Kong title and a fourth straight world series... https://www.scmp.com/sport/rugby/hk-sevens/article/3350648/south-africa-end-nearly-30-years-hurt-finally-grab-cathay/hsbc-hong-kong-sevens-crown?utm_source=rss_feed https://www.scmp.com/sport/rugby/hk-sevens/article/3350648/south-africa-end-nearly-30-years-hurt-finally-grab-cathay/hsbc-hong-kong-sevens-crown?utm_source=rss_feed Sun, 19 Apr 2026 22:00:28 +0000 Josh Ball Josh Ball Hong Kong brought the curtain down on its 50th anniversary Sevens in front of another record crowd on Sunday, and with the head of World Rugby calling the city a “significant global player”. According to organisers, some 113,395 supporters passed through the gates over the three days of the Cathay Pacific/HSBC Hong Kong Sevens, the biggest official attendance since the tournament began in 1976. And while New Zealand’s women successfully defended their title, South Africa’s men won in Hong Kong... https://www.scmp.com/sport/rugby/hk-sevens/article/3350650/hong-kong-recognised-global-player-world-rugby-after-record-breaking-sevens-party?utm_source=rss_feed https://www.scmp.com/sport/rugby/hk-sevens/article/3350650/hong-kong-recognised-global-player-world-rugby-after-record-breaking-sevens-party?utm_source=rss_feed Sun, 19 Apr 2026 14:52:42 +0000 Vincent Chow Vincent Chow China’s artificial intelligence model companies are unlikely to “eat up” the domestic software market because they lack the deep industry know-how and experience to meet enterprise needs, according to an HSBC analyst. Unlike the US, China’s less developed software-as-a-service (SaaS) market stands to gain even as AI models continue to improve, with the most likely outcome being a collaborative approach where model companies and legacy software firms serve enterprises in tandem, said Yiran Liu,... https://www.scmp.com/tech/tech-trends/article/3350586/ai-not-eating-chinas-software-market-turbocharging-it-hsbc-analyst?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3350586/ai-not-eating-chinas-software-market-turbocharging-it-hsbc-analyst?utm_source=rss_feed Sun, 19 Apr 2026 01:00:19 +0000 Sylvia Ma Sylvia Ma The US-Israeli war on Iran has unleashed sharp swings across global energy and financial markets, fuelling demand for safe-haven assets, with Hong Kong emerging as a potential beneficiary across gold, property and capital markets. In the first of a three-part series, we examine Hong Kong’s bid to position itself as Asia’s bullion hub. War in the Middle East has intensified global demand to diversify gold storage, creating a strategic window for Hong Kong to tap its unique status and evolve from... https://www.scmp.com/economy/global-economy/article/3350511/hong-kong-wants-become-global-gold-vault-does-iran-war-create-opening?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3350511/hong-kong-wants-become-global-gold-vault-does-iran-war-create-opening?utm_source=rss_feed Sat, 18 Apr 2026 06:00:16 +0000 Yeon Woo Lee Yeon Woo Lee Hong Kong is better placed than many of its Asian peers to turn stablecoins into commercially viable products at scale, underpinned by its early lead in tokenisation and growing experience in moving financial infrastructure on-chain, according to HSBC’s head of digital assets research. “Hong Kong already has examples of deploying the technology and can now look towards commercial applications and scaling,” said Daragh Maher, HSBC’s head of digital assets research, in an interview on the... https://www.scmp.com/tech/blockchain/article/3350498/hong-kong-seen-leading-asia-push-scale-stablecoins-hsbc-says?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3350498/hong-kong-seen-leading-asia-push-scale-stablecoins-hsbc-says?utm_source=rss_feed Sat, 18 Apr 2026 02:30:11 +0000 Raymond Ma,Neil Denslow Raymond Ma,Neil Denslow The China-US trade war bubbled away this week, even as the Strait of Hormuz shutdown dominated global headlines. The US is finalising a multinational agreement on trade and critical minerals to break China’s grip on vital resources, US Trade Representative Jamieson Greer told lawmakers on Thursday. He also sought a higher budget to support more trade investigations, and suggested potential action to pare US farmers’ reliance on Chinese orders. “We’re not just going to lay down and let the... https://www.scmp.com/plus/news/china/diplomacy/article/3350432/us-china-tensions-simmer-economy-outperforms-auto-china-begins?utm_source=rss_feed https://www.scmp.com/plus/news/china/diplomacy/article/3350432/us-china-tensions-simmer-economy-outperforms-auto-china-begins?utm_source=rss_feed Fri, 17 Apr 2026 09:00:12 +0000 Reuters Reuters LIV Golf CEO Scott O’Neil admitted the nascent golf league’s finances are “managed very tightly” and said structural changes are on the way, but he remained ⁠adamant Thursday that the league will not ⁠fold. O’Neil was interviewed by LIV employees on the TV broadcast of ⁠the first round of LIV Golf Mexico City, a day after the Financial Times reported that Saudi Arabia’s Public Investment Fund was on the verge of cutting its funding for the league it helped launch in 2022. O’Neil, who has been in... https://www.scmp.com/sport/golf/article/3350397/liv-golf-ceo-scott-oneil-claims-business-usual-amid-reports-leagues-demise?utm_source=rss_feed https://www.scmp.com/sport/golf/article/3350397/liv-golf-ceo-scott-oneil-claims-business-usual-amid-reports-leagues-demise?utm_source=rss_feed Fri, 17 Apr 2026 03:35:53 +0000 SCMP Sport SCMP Sport The talking is done, the planning is over and all that is left is for the fans to enter the stadium and the players to get onto the pitch. It’s 50th anniversary Cathay/HSBC Hong Kong Sevens, and as usual there is plenty you should know about the three days that lie ahead. So, here’s our handy guide to some things you should know on Friday. 1 It’s a sell-out Anyone hoping to grab a three-day ticket is going to be disappointed, according to organisers, who say they have all sold out. All that... https://www.scmp.com/sport/rugby/article/3350371/boks-chasing-first-title-tickets-sell-out-5-things-know-day-1-hong-kong-sevens?utm_source=rss_feed https://www.scmp.com/sport/rugby/article/3350371/boks-chasing-first-title-tickets-sell-out-5-things-know-day-1-hong-kong-sevens?utm_source=rss_feed Fri, 17 Apr 2026 01:00:26 +0000 Paul McNamara Paul McNamara Bryn Phillips is aiming to inspire the next generation of city players at the Cathay/HSBC Hong Kong Sevens, while also plotting his exit strategy from a high-achieving career. A key member of the 12-man Hong Kong squad for the exhibition Melrose Claymores tournament at Kai Tak Stadium, the scrum-half is ultimately aiming to follow in the footsteps of teammates Tom and Alex McQueen and become an airline pilot. Playing his ninth year of international rugby, however, Phillips has plenty more he... https://www.scmp.com/sport/rugby/hk-sevens/article/3350306/hong-kong-rugby-star-aiming-inspire-sevens-plotting-cathay-career?utm_source=rss_feed https://www.scmp.com/sport/rugby/hk-sevens/article/3350306/hong-kong-rugby-star-aiming-inspire-sevens-plotting-cathay-career?utm_source=rss_feed Fri, 17 Apr 2026 00:00:17 +0000 SCMP Sport SCMP Sport It feels as though we have been talking about the 50th anniversary of the Cathay/HSBC Hong Kong Sevens for months, which, in fairness, some people have. Planning for the week has been serious business, both for organisers and those with three days of partying and rugby in mind. And as usual, there is as much action off the pitch as on it, with K-pop artists, a Eurodance group and DJs all performing at Kai Tak Stadium. But making the most of what to see and do requires almost as much groundwork... https://www.scmp.com/sport/rugby/article/3350362/cathay/hsbc-hong-kong-sevens-event-planner-your-guide-ultimate-sports-party?utm_source=rss_feed https://www.scmp.com/sport/rugby/article/3350362/cathay/hsbc-hong-kong-sevens-event-planner-your-guide-ultimate-sports-party?utm_source=rss_feed Thu, 16 Apr 2026 23:00:16 +0000 Sylvia Ma Sylvia Ma China continued to diversify its foreign exchange reserves in February, trimming its US Treasury stockpile even as overall overseas holdings of sovereign American debt rose to a record high. China’s stockpile of United States Treasuries fell to US$693.3 billion in February, down from US$694.4 billion in January, according to US Treasury Department data released on Wednesday. Although China slightly increased its US Treasury holdings in January, the uptick did little to alter a broader downward... https://www.scmp.com/economy/global-economy/article/3350275/china-trims-us-treasury-holdings-amid-rising-debt-supply-global-ownership-hits-record?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3350275/china-trims-us-treasury-holdings-amid-rising-debt-supply-global-ownership-hits-record?utm_source=rss_feed Thu, 16 Apr 2026 07:00:13 +0000 Kandy Wong Kandy Wong A decoupling between China and the United States is something “that you don’t want to see”, says former US Treasury secretary Janet Yellen, adding that both countries have developed deep trade and investment relationships that should be preserved and encouraged to thrive. Speaking in Hong Kong at the HSBC Global Investment Summit on Wednesday, Yellen also argued that China’s reliance on exports for growth – resulting in a trade surplus with the rest of the world – has created “serious conflicts”... https://www.scmp.com/economy/global-economy/article/3350169/yellen-says-no-alternative-dollar-urges-us-china-cooperation-sake-world?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3350169/yellen-says-no-alternative-dollar-urges-us-china-cooperation-sake-world?utm_source=rss_feed Wed, 15 Apr 2026 15:00:09 +0000 Julie Zhang Julie Zhang Hong Kong initial public offerings (IPOs) are attracting strong international demand as global funds rebuild their exposure to China after years of underinvestment, according to Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing. The Hong Kong stock exchange was seeing “very good momentum on both the supply and demand sides” for IPOs, Chan told a panel discussion at the HSBC Global Investment Summit on Wednesday. On the “cornerstone front”, last year saw “a very strong pickup by... https://www.scmp.com/business/banking-finance/article/3350162/global-funds-fuel-hong-kong-ipo-rebound-investors-rebalance-china-portfolios-hkex?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3350162/global-funds-fuel-hong-kong-ipo-rebound-investors-rebalance-china-portfolios-hkex?utm_source=rss_feed Wed, 15 Apr 2026 09:00:13 +0000 Fiona Sun Fiona Sun Hong Kong’s finance chief has expressed confidence that the city will climb to at least second place in the global ranking of international financial centres within 10 to 15 years. Financial Secretary Paul Chan Mo-po said on Wednesday at the HSBC Global Investment Summit that the city offered stability and prosperity in uncertain times, citing its strong gross domestic product growth of 3.5 per cent last year, as well as robust export performance and rising private investments. “We went through... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3350155/hong-kong-set-rise-no-2-global-financial-hub-within-15-years-paul-chan?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3350155/hong-kong-set-rise-no-2-global-financial-hub-within-15-years-paul-chan?utm_source=rss_feed Wed, 15 Apr 2026 07:58:36 +0000 Enoch Yiu Enoch Yiu For Hong Kong’s 3.3 million PayMe users, everyday transactions such as buying coffee or splitting bills with friends could soon involve stablecoins, with HSBC preparing to introduce the digital currency in the second half of this year. That comes after HSBC Holdings, together with a Standard Chartered-led joint venture, became the first to obtain a stablecoin issuer licence from the Hong Kong Monetary Authority on Friday, marking a breakthrough in the city’s digital finance development. HSBC,... https://www.scmp.com/business/banking-finance/article/3350089/how-paymes-33-million-users-and-hong-kong-firms-could-start-using-stablecoins?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3350089/how-paymes-33-million-users-and-hong-kong-firms-could-start-using-stablecoins?utm_source=rss_feed Wed, 15 Apr 2026 00:00:37 +0000 Enoch Yiu Enoch Yiu Artificial intelligence, the expansion of Asia’s middle class and continued trade growth are set to underpin global economic expansion despite prolonged conflict involving Iran, according to the chairman of HSBC Holdings. Hong Kong was expected to play a central role in that trajectory, given its status as a wealth management hub, trading centre and key connector between mainland China and global markets, Brendan Nelson said at the bank’s Global Investment Summit on Tuesday. The lender’s... https://www.scmp.com/business/article/3349987/ai-middle-class-and-trade-drive-global-growth-despite-iran-conflict-hsbc-chairman?utm_source=rss_feed https://www.scmp.com/business/article/3349987/ai-middle-class-and-trade-drive-global-growth-despite-iran-conflict-hsbc-chairman?utm_source=rss_feed Tue, 14 Apr 2026 04:04:09 +0000 Rebecca Lo Rebecca Lo Norman Foster is in high spirits as he strolls into a meeting room on the 15th floor of the HSBC Main Building on Hong Kong’s Queen’s Road Central. Flying into the city the previous evening, the 90-year-old British architect is in town to celebrate the 40th anniversary of a project that catapulted his firm from small-scale UK residences to global skyscrapers, airports and stadiums. In 1979, Foster and Partners won an international competition to design the fourth iteration of the Hongkong and... https://www.scmp.com/lifestyle/interiors-living/article/3349891/how-norman-foster-sees-his-hsbc-building-40-years-after-hong-kong-icon-was-born?utm_source=rss_feed https://www.scmp.com/lifestyle/interiors-living/article/3349891/how-norman-foster-sees-his-hsbc-building-40-years-after-hong-kong-icon-was-born?utm_source=rss_feed Mon, 13 Apr 2026 23:15:15 +0000 Enoch Yiu Enoch Yiu HSBC Holdings, the biggest lender in Hong Kong and Europe by assets, is committed to the Middle East and plans to plough ahead with investments despite uncertainty in the region, according to a senior executive. Surendra Rosha, co-CEO for Asia and the Middle East, said HSBC would continue to invest in the wealth business in the United Arab Emirates (UAE) in the coming years. Rosha is heading to Saudi Arabia, where HSBC is the biggest overseas investment bank, next week to meet clients and staff... https://www.scmp.com/business/banking-finance/article/3349866/hsbc-will-continue-invest-middle-east-long-term-even-war-rages?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3349866/hsbc-will-continue-invest-middle-east-long-term-even-war-rages?utm_source=rss_feed Mon, 13 Apr 2026 09:00:09 +0000 Denise Tsang Denise Tsang Hong Kong has struck a balance between financial security and innovation in its strategic roles as a “testing ground” and “firewall” for the nation’s reform and opening up, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po said on Sunday that security was core to the goal of achieving high-quality development as geopolitical tensions created risks in global financial markets and energy supplies. As Hong Kong rolled out the first batch of stablecoin licences last week, the... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3349786/hong-kong-balancing-financial-security-innovation-nations-firewall-paul-chan?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3349786/hong-kong-balancing-financial-security-innovation-nations-firewall-paul-chan?utm_source=rss_feed Sun, 12 Apr 2026 07:41:09 +0000 Paul McNamara Paul McNamara A genuine Olympic star with two medals from three Games, Charity Williams is planning to “have a blast” on her Kai Tak Stadium debut at this week’s Cathay/HSBC Hong Kong Sevens. The Canada wing sat out a series of Hong Kong Sports Institute (HKSI) training matches on Saturday, icing her shoulder as her side faced Fiji, Denmark and the city team. And there is no danger of “just a little stinger” ruling the 29-year-old out for a second straight year. “It’s still awesome to be here [HKSI], this is... https://www.scmp.com/sport/rugby/hk-sevens/article/3349748/cathay/hsbc-hong-kong-sevens-canada-olympic-star-williams-plans-having-blast?utm_source=rss_feed https://www.scmp.com/sport/rugby/hk-sevens/article/3349748/cathay/hsbc-hong-kong-sevens-canada-olympic-star-williams-plans-having-blast?utm_source=rss_feed Sun, 12 Apr 2026 00:00:15 +0000 Daniel Ren,Enoch Yiu Daniel Ren,Enoch Yiu The Hong Kong Monetary Authority (HKMA) is being urged to go further in loosening restrictions on stablecoins, after granting the city’s first two licences to banks to issue the digital currency. Bankers, venture capitalists and analysts said the long-awaited approvals – awarded to HSBC and a joint venture led by Standard Chartered – fell short of market expectations, underscoring the regulator’s cautious stance amid lingering risk concerns. “It came as a surprise that only two licences were... https://www.scmp.com/business/banking-finance/article/3349742/hong-kong-regulator-urged-expand-stablecoin-rules-after-cautious-roll-out?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3349742/hong-kong-regulator-urged-expand-stablecoin-rules-after-cautious-roll-out?utm_source=rss_feed Sat, 11 Apr 2026 09:10:21 +0000 Enoch Yiu Enoch Yiu HSBC and a joint venture led by Standard Chartered have been awarded Hong Kong’s first stablecoin issuer licences, marking the city’s latest step towards embracing cryptocurrency’s most-traded cash substitute in its bid to become a global digital asset hub. Eight months after Hong Kong’s Stablecoin Ordinance, one of the world’s first such laws, took effect, HSBC and Anchorpoint Financial, the Standard Chartered-led group, received the green light from the Hong Kong Monetary Authority (HKMA) on... https://www.scmp.com/business/cryptocurrency/article/3349644/hong-kong-awards-stablecoin-licences-hsbc-stanchart-led-group-long-awaited-roll-out?utm_source=rss_feed https://www.scmp.com/business/cryptocurrency/article/3349644/hong-kong-awards-stablecoin-licences-hsbc-stanchart-led-group-long-awaited-roll-out?utm_source=rss_feed Fri, 10 Apr 2026 09:09:55 +0000 Ann Cao Ann Cao Alibaba Group Holding’s cloud and artificial intelligence unit is expected to remain a prime engine for the March quarter, with the growth rate forecast to accelerate as the company steps up AI monetisation and reshuffles its AI businesses, according to analysts. Cloud revenue growth was projected to increase to around 40 per cent during the period, up from 36 per cent in the December quarter, analysts said. The growth momentum was expected to be supported by “a robust surge in token usage”,... https://www.scmp.com/tech/article/3349508/alibaba-cloud-growth-forecast-accelerate-ai-push-higher-service-charges-analysts?utm_source=rss_feed https://www.scmp.com/tech/article/3349508/alibaba-cloud-growth-forecast-accelerate-ai-push-higher-service-charges-analysts?utm_source=rss_feed Thu, 09 Apr 2026 12:30:13 +0000 Paul McNamara Paul McNamara Jevon Groves has a “burning desire” to help Hong Kong make their Olympic sevens qualifying breakthrough, but the head coach said he would review his future following the 2028 Games cycle. The city team contested a full-blooded friendly training match against Fiji at Football Club on Wednesday as part of their preparations for the exhibition Melrose Claymores tournament, which will also feature Japan and China, at next week’s Cathay/HSBC Hong Kong Sevens. It is illustrative of the increasingly... https://www.scmp.com/sport/rugby/hk-sevens/article/3349400/hong-kong-7s-coach-has-desire-olympics-first-targets-kai-tak-asian-games-double?utm_source=rss_feed https://www.scmp.com/sport/rugby/hk-sevens/article/3349400/hong-kong-7s-coach-has-desire-olympics-first-targets-kai-tak-asian-games-double?utm_source=rss_feed Wed, 08 Apr 2026 12:00:11 +0000 SCMP SCMP This article was first published on April 8, 1986. Billion dollar brilliance by Staff Reporters The new $5.2 billion headquarters of the Hongkong and Shanghai Banking Corpn was formally opened last night (April 7, 1986) when the Governor, Sir Edward Youde, snipped a simple ribbon. The building, every light ablaze, was a symbol of the bank’s faith in the future of Hongkong, said the bank’s chairman, Mr Michael Sandberg. Many also saw it as a vindication of Mr Sandberg’s own commitment in his... https://www.scmp.com/news/hong-kong/article/3349377/hsbcs-hk5-billion-headquarters-opens-hong-kong-1986-scmp-archive?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/3349377/hsbcs-hk5-billion-headquarters-opens-hong-kong-1986-scmp-archive?utm_source=rss_feed Wed, 08 Apr 2026 09:30:16 +0000 Yulu Ao Yulu Ao China’s fast-growing energy storage sector is drawing fresh interest from capital markets, with Sigenergy Technology becoming the latest to tap Hong Kong for funding, as companies ride a global push for renewable energy. The Shanghai-based firm was seeking to raise about HK$4.4 billion (US$561.6 million) via an initial public offering (IPO), according to its prospectus on Wednesday, as investor appetite builds around battery storage and smart energy systems that complement solar and electric... https://www.scmp.com/business/china-business/article/3349346/chinas-sigenergy-technology-seeks-us5616-million-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349346/chinas-sigenergy-technology-seeks-us5616-million-hong-kong-ipo?utm_source=rss_feed Wed, 08 Apr 2026 06:48:25 +0000 SCMP Editorial SCMP Editorial Better safe than sorry – that seems to be why authorities have delayed the stablecoin roll-out. Industry players had expected the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, to announce the granting of a small number of stablecoin licences at the end of March. But the date came and went. The regulatory review process appears to be taking longer, given the regulators’ well-known cautious stance. But the policy – to make Hong Kong a digital-asset hub with stablecoins... https://www.scmp.com/opinion/comment/article/3348924/stablecoin-launch-delay-shows-hong-kong-would-rather-be-safe-sorry?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3348924/stablecoin-launch-delay-shows-hong-kong-would-rather-be-safe-sorry?utm_source=rss_feed Sun, 05 Apr 2026 23:15:16 +0000 Xiaofei Xu Xiaofei Xu Luxury is back. Following a relatively stagnant 2025, the industry is forecast to accelerate in 2026, with China’s long-awaited recovery emerging as a pivotal factor, even as the war in Iran casts a shadow over global markets, according to analysts. Estimates vary, but HSBC, Deutsche Bank and BNP Paribas all forecast global sales growth ranging from 5.5 to 6 per cent this year. “We believe it is time to look at the sector, as we think the organic sales growth rate should further accelerate in... https://www.scmp.com/economy/global-economy/article/3348902/chinas-luxury-spending-seen-boosting-global-sales-2026-despite-headwinds?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3348902/chinas-luxury-spending-seen-boosting-global-sales-2026-despite-headwinds?utm_source=rss_feed Sun, 05 Apr 2026 10:00:11 +0000 Jen Paolini Jen Paolini Springtime heralds new beginnings, renewal and a world emerging from slumber. In that vein, PostMag enters into the next chapter of its long life as we bid a heartfelt farewell and express our thanks to Cat Nelson. Since autumn 2024, she has adroitly steered PostMag with her keen vision and relentless pursuit of inspiring stories, enriching our Sundays with razor-sharp wit, delightful reads and impactful reporting. I’m grateful for the path she has set PostMag on, and excited to continue the... https://www.scmp.com/postmag/culture/article/3348852/week-postmag-hsbc-main-building-turns-40-hong-kong-sevens-and-new-beginnings?utm_source=rss_feed https://www.scmp.com/postmag/culture/article/3348852/week-postmag-hsbc-main-building-turns-40-hong-kong-sevens-and-new-beginnings?utm_source=rss_feed Sun, 05 Apr 2026 04:45:07 +0000 Enoch Yiu Enoch Yiu Manulife, HSBC Holdings and Barclays are among the big financial firms that have announced plans to boost their adoption of artificial intelligence, in line with the Hong Kong government’s efforts to promote the use of the technology. Manulife last week said it had relocated Mark Czajkowski, chief AI officer for Asia, to Hong Kong from Singapore, and had appointed Liu Hongjuan as chief AI and data officer of Manulife Hong Kong and Macau, a newly created post, on March 9. HSBC Holdings, the... https://www.scmp.com/business/banking-finance/article/3348897/manulife-hsbc-barclays-among-big-finance-firms-pushing-ai-adoption-hong-kong?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348897/manulife-hsbc-barclays-among-big-finance-firms-pushing-ai-adoption-hong-kong?utm_source=rss_feed Fri, 03 Apr 2026 09:00:08 +0000 Charmaine Chan,Stephen McCarty Charmaine Chan,Stephen McCarty Forty years ago, a building rose above Central district that would rewrite the rules of architecture. The Hongkong and Shanghai Banking Corporation (HSBC) Main Building – a tower so radical in its conception that it made every high‑rise built before it look timid – remains as startling today as the day it opened. To mark the anniversary, we tell its story in two voices: those of architect Norman Foster, who, as he returns to the city, reflects on the inspiration behind the building that defined... https://www.scmp.com/postmag/design-interiors/article/3348811/norman-fosters-hi-tech-hsbc-masterpiece-turns-40?utm_source=rss_feed https://www.scmp.com/postmag/design-interiors/article/3348811/norman-fosters-hi-tech-hsbc-masterpiece-turns-40?utm_source=rss_feed Fri, 03 Apr 2026 08:00:09 +0000 Xinyi Wu Xinyi Wu Chinese airlines are mulling the introduction of higher fuel surcharges, as authorities strive to balance the impact of surging oil prices with the need to preserve airline margins and at the same time avoid dampening consumer demand. Although a formal announcement from the national regulator is pending, at least two domestic airlines released notices on Wednesday about plans for sixfold surcharge increases, after another airline rescinded a similar notice on Tuesday. According to notices put... https://www.scmp.com/economy/china-economy/article/3348653/eyes-chinese-airline-regulator-it-seeks-difficult-balance-fuel-surcharge-rises?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3348653/eyes-chinese-airline-regulator-it-seeks-difficult-balance-fuel-surcharge-rises?utm_source=rss_feed Wed, 01 Apr 2026 22:00:19 +0000 Daniel Ren Daniel Ren China’s Ganfeng Lithium, the world’s largest producer of lithium metal, is envisioning an “explosive growth” in the global energy storage system (ESS) market in 2026, spurred by higher prices of the key battery material and buoyant demand for renewable energy infrastructure. Executives including president Wang Xiaoshen told an investors’ conference on Tuesday that the global decarbonisation drive had created a strong and sustainable trajectory for Ganfeng, which swung from loss to profit last... https://www.scmp.com/business/china-business/article/3348628/ganfeng-lithium-forecasts-strong-battery-demand-amid-china-us-rivalry-renewable-energy?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348628/ganfeng-lithium-forecasts-strong-battery-demand-amid-china-us-rivalry-renewable-energy?utm_source=rss_feed Wed, 01 Apr 2026 07:00:21 +0000 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 Enoch Yiu Enoch Yiu The University of Hong Kong (HKU) will begin a roadshow this week to gauge investor interest in a landmark bond programme that could raise up to HK$3 billion (US$385 million) to fund its planned expansion in the Northern Metropolis, according to people familiar with the matter. Scores of banks, insurance and pension companies and fund managers were invited to attend roadshows arranged by bankers including HSBC Holdings over the coming days, one source told the South China Morning Post on... https://www.scmp.com/business/article/3348432/hku-eyes-us385-million-bond-fund-northern-metropolis-expansion?utm_source=rss_feed https://www.scmp.com/business/article/3348432/hku-eyes-us385-million-bond-fund-northern-metropolis-expansion?utm_source=rss_feed Mon, 30 Mar 2026 12:30:38 +0000 Enoch Yiu Enoch Yiu Bank of China (Hong Kong), one of three note-issuing banks in the city, reported a modest 5 per cent growth in net profit last year, as exposure to the troubled mainland property sector offset its strong performance in the wealth business. The lender reported a net profit of HK$40.12 billion (US$5.14 billion), or HK$3.7947 per share, compared with HK$38.23 billion a year earlier, according to a stock exchange filing on Monday. The results beat analysts’ estimates of HK$39.3 billion. BOCHK, the... https://www.scmp.com/business/banking-finance/article/3348398/bochk-reports-5-net-profit-growth-bad-debt-exposure-china-offsets-strong-fee-income?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348398/bochk-reports-5-net-profit-growth-bad-debt-exposure-china-offsets-strong-fee-income?utm_source=rss_feed Mon, 30 Mar 2026 09:45:09 +0000 Agence France-Presse Agence France-Presse British Prime Minister Keir Starmer will on Monday convene senior government and military officials alongside energy, shipping, finance and insurance sector leaders to discuss the Middle East war, his office said late on Sunday. The round table meeting in Downing Street will examine the impact of Iran’s effective closure of the vital Strait of Hormuz, which has driven up oil prices and costs in various sectors around the world. Participants will include representatives from energy giants Shell,... https://www.scmp.com/news/world/europe/article/3348327/uks-pm-starmer-host-industry-leaders-middle-east-war-talks-monday?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3348327/uks-pm-starmer-host-industry-leaders-middle-east-war-talks-monday?utm_source=rss_feed Sun, 29 Mar 2026 21:52:57 +0000 Daniel Ren Daniel Ren Transactions of pre-owned homes in major Chinese cities led by Shanghai surged in March, fuelling expectations that the country’s embattled property sector may be stabilising. Analysts and brokers said a more active resale market pointed to a gradual return of confidence among homebuyers after a three-year downturn. In Shanghai, about 22,000 second-hand homes changed hands between March 1 and 23, up 170 per cent from the same period a month earlier, according to data from local financial outlet... https://www.scmp.com/business/banking-finance/article/3348255/rising-second-hand-home-sales-offer-tentative-signs-floor-chinas-property-slump?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348255/rising-second-hand-home-sales-offer-tentative-signs-floor-chinas-property-slump?utm_source=rss_feed Sun, 29 Mar 2026 06:00:34 +0000 Carol Yang Carol Yang Surging oil prices driven by the US-Israel war on Iran could accelerate the global adoption of electric vehicles – a sector that helped China overtake Japan to become the world’s largest seller of automobiles last year. “The closure of the Strait of Hormuz could be a game-changer for EVs,” said David Brown, director of energy transition research at Wood Mackenzie, in a report released on Friday. The “eye-watering” 50 per cent surge in global oil prices so far this month would further incentivise... https://www.scmp.com/economy/china-economy/article/3347583/why-iran-war-could-be-game-changer-evs-and-chinas-car-industry?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3347583/why-iran-war-could-be-game-changer-evs-and-chinas-car-industry?utm_source=rss_feed Tue, 24 Mar 2026 01:00:16 +0000 Paul McNamara Paul McNamara Fresh from being honoured at the Hong Kong Coaching Awards last weekend, Paul John said he still had unfinished business as head of the city’s sevens programme. Into his 10th year in the role, John was rewarded with the best team coach prize after Hong Kong’s men claimed National Games gold and strolled to Asia Rugby Sevens Series success in 2025. This year began on a low note, however, when the city team narrowly lost an HSBC SVNS 3 semi-final to Canada, costing them promotion to the second... https://www.scmp.com/sport/rugby/hk-sevens/article/3347627/hong-kong-sevens-head-has-unfinished-business-underlines-world-and-olympic-aims?utm_source=rss_feed https://www.scmp.com/sport/rugby/hk-sevens/article/3347627/hong-kong-sevens-head-has-unfinished-business-underlines-world-and-olympic-aims?utm_source=rss_feed Tue, 24 Mar 2026 00:00:13 +0000 Themis Qi Themis Qi HSBC CEO Georges Elhedery has vowed to continue investing in China amid escalating trade tensions after witnessing new trade opportunities from Chinese companies going global. While attending the two-day China Development Forum (CDF) 2026 in Beijing on Sunday, Elhedery characterised China’s current trajectory as a “new phase of development” that would define the next era of global economic growth. Although 2025 saw steady growth in global trade, the landscape was complicated by shifting tariffs,... https://www.scmp.com/business/banking-finance/article/3347465/hsbc-vows-keep-investing-china-amid-global-tensions-new-trade-corridors-emerge?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347465/hsbc-vows-keep-investing-china-amid-global-tensions-new-trade-corridors-emerge?utm_source=rss_feed Sun, 22 Mar 2026 06:27:09 +0000 Oscar Liu Oscar Liu A Hong Kong mother has been asked to pay more than HK$126,000 (US$16,100) in charges racked up by thieves who stole her credit card last November after HSBC said she failed to report the loss immediately. But 42-year-old Janice Choi* accused the bank of double standards, saying a friend who also had her credit card stolen on the same day reported the case to HSBC the next day and had the fraudulent charges waived. Choi told the South China Morning Post that she was notified in February that her... https://www.scmp.com/news/hong-kong/law-and-crime/article/3347406/hsbc-asks-victim-credit-card-theft-pay-hk126580-racked-criminals?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3347406/hsbc-asks-victim-credit-card-theft-pay-hk126580-racked-criminals?utm_source=rss_feed Sun, 22 Mar 2026 01:00:17 +0000 Julie Zhang Julie Zhang AstraZeneca said it would establish drug manufacturing facilities in Guangzhou and Shanghai as well as a separate innovation centre in Shanghai, joining a group of foreign players building new plants in China amid geopolitical tensions. The moves are part of a US$15 billion commitment the British firm pledged to make in the world’s second-largest drug market through 2030, unveiled during UK Prime Minister Keir Starmer’s visit to Beijing in January. China’s manufacturing capabilities, integrated... https://www.scmp.com/business/china-business/article/3347266/global-drug-giants-double-down-china-amid-trend-build-self-reliant-supply-chains?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347266/global-drug-giants-double-down-china-amid-trend-build-self-reliant-supply-chains?utm_source=rss_feed Fri, 20 Mar 2026 06:30:09 +0000 Jess Ma Jess Ma Hong Kong businessman Jason Poon Chuk-hung, his wife and four others have been arrested on suspicion of defrauding an enterprise financing scheme out of HK$6 million (US$765,500) during the Covid-19 pandemic, the South China Morning Post has learned. A source confirmed to the SCMP on Thursday that construction businessman Poon, 56, and his 54-year-old wife were among six people arrested the day before for conspiracy to defraud. Police intelligence suggested a surgical mask manufacturer had... https://www.scmp.com/news/hong-kong/law-and-crime/article/3347113/hong-kong-businessman-jason-poon-5-others-arrested-hk6-million-fraud-case?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3347113/hong-kong-businessman-jason-poon-5-others-arrested-hk6-million-fraud-case?utm_source=rss_feed Thu, 19 Mar 2026 04:28:22 +0000 Enoch Yiu Enoch Yiu The Hong Kong Monetary Authority (HKMA) has warned the public to beware of interest rate risks after it kept its base rate unchanged, following a similar move by the US Federal Reserve, as the city’s de facto central bank said the Middle East conflict has added to the uncertainty over the pace of rate cuts this year. HKMA maintained the city’s base rate at 4 per cent on Thursday. Hours earlier, the Fed kept its target rate in the range of 3.5 per cent to 3.75 per cent, after the second meeting... https://www.scmp.com/business/banking-finance/article/3347088/hong-kong-follows-federal-reserve-keep-base-rate-unchanged-amid-middle-east-war?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347088/hong-kong-follows-federal-reserve-keep-base-rate-unchanged-amid-middle-east-war?utm_source=rss_feed Wed, 18 Mar 2026 23:16:04 +0000 Enoch Yiu Enoch Yiu HSBC Holdings plans to raise US$2.5 billion by issuing two tranches of additional tier-1 (AT1) bonds, marking the reopening of such offerings after the US and Israel war on Iran rattled global financial markets. The biggest lender in Hong Kong and Europe by assets said in a stock exchange filing before the market opened on Wednesday that it intended to issue the AT1 bonds, officially named perpetual subordinated contingent convertible securities, on March 24 to strengthen its capital. The... https://www.scmp.com/business/banking-finance/article/3346960/hsbc-launches-us25-billion-at1-bond-issue-hong-kong-after-market-standstill?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3346960/hsbc-launches-us25-billion-at1-bond-issue-hong-kong-after-market-standstill?utm_source=rss_feed Wed, 18 Mar 2026 04:29:44 +0000 Stephy Zhang Stephy Zhang The Cathay/HSBC Hong Kong Sevens celebrates its 50th birthday next month, although there appears to be little excitement in the city as the tournament approaches. Rather than being ready to mark the special occasion, fans and businesses the South China Morning Post spoke to were more inclined to treat it as “just an ordinary week”, while bemoaning the rise in ticket prices. A first rise in prices since 2018 has taken the cost of a three-day ticket to HK$2,250 for adults and HK$1,100 for children... https://www.scmp.com/sport/rugby/hk-sevens/article/3346719/hong-kong-sevens-hits-50-fans-more-focused-ticket-prices-just-ordinary-week?utm_source=rss_feed https://www.scmp.com/sport/rugby/hk-sevens/article/3346719/hong-kong-sevens-hits-50-fans-more-focused-ticket-prices-just-ordinary-week?utm_source=rss_feed Mon, 16 Mar 2026 09:30:09 +0000