https://www.scmp.com/rss/315514/feed Daily updated analysis and prices, performance data, news, fact sheets and research articles of fund performance trends and forecasts. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Enoch Yiu Enoch Yiu Hong Kong needs to consider widening the Stock Connect schemes and step up promotion in Southeast Asia and the Middle East to attract more international firms to list in the city, according to a government think tank. Rocky Tung Yat-ngok, newly appointed executive director of the Financial Services Development Council, said that while Hong Kong has been a major listing venue for mainland firms, international companies remain a minority on the local bourse. The FSDC conducts ­studies and research... https://www.scmp.com/business/banking-finance/article/3342831/hong-kong-needs-more-global-listings-wider-stock-connect-strengthen-hub-role-fsdc?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3342831/hong-kong-needs-more-global-listings-wider-stock-connect-strengthen-hub-role-fsdc?utm_source=rss_feed Mon, 09 Feb 2026 00:00:15 +0000 Enoch Yiu Enoch Yiu The electronic platform of the Mandatory Provident Fund (eMPF) is expected to reach its fee cut target five years ahead of schedule and could save the scheme’s 4.75 million members HK$50 billion (US$6.4 billion) in less than 10 years, according to the chairwoman of the pension regulator. The Mandatory Provident Fund Schemes Authority (MPFA) revised its estimates of cost savings from the eMPF platform on Monday during a media briefing hosted by Ayesha Macpherson Lau, who provided an update on the... https://www.scmp.com/business/banking-finance/article/3336392/hong-kongs-empf-hit-fee-cut-target-5-years-early-saving-us64-billion?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3336392/hong-kongs-empf-hit-fee-cut-target-5-years-early-saving-us64-billion?utm_source=rss_feed Mon, 15 Dec 2025 08:00:09 +0000 Daniel Ren Daniel Ren China’s securities regulator has called on the country’s 160 mutual fund houses to establish a performance-based salary mechanism, as part of efforts to uproot elitism from the industry. The China Securities Regulatory Commission (CSRC) has drawn up guidelines governing asset managers’ pay perks, suggesting that the performance of the funds they run should factor up to 80 per cent in determining their annual salaries, according to a report on Monday by the official Securities Times. The... https://www.scmp.com/business/banking-finance/article/3335635/new-china-guidelines-base-asset-managers-pay-performance-funds-they-run?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3335635/new-china-guidelines-base-asset-managers-pay-performance-funds-they-run?utm_source=rss_feed Mon, 08 Dec 2025 11:00:27 +0000 Aileen Chuang Aileen Chuang The artificial intelligence-led stock rally in China is far from a bubble, as the nation’s technology firms still have room to expand valuations and earnings through their focus on applications, according to Goldman Sachs’ chief China equity strategist. China’s approach to investing more capital in AI applications as opposed to the US strategy of focusing on computing power gave investors “comfort that its AI monetisation capability could be better, at least in the short term”, Kinger Lau said... https://www.scmp.com/business/markets/article/3333628/chinas-ai-stock-rally-has-room-run-valuations-lag-us-giants-goldman-sachs-says?utm_source=rss_feed https://www.scmp.com/business/markets/article/3333628/chinas-ai-stock-rally-has-room-run-valuations-lag-us-giants-goldman-sachs-says?utm_source=rss_feed Sun, 23 Nov 2025 23:30:10 +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 Daniel Ren Daniel Ren Chinese electric vehicle (EV) maker BYD recorded surging sales in Europe last month after it launched more models and expanded its sales network, narrowing its gap with market leader Tesla. The Shenzhen-based carmaker racked up 24,963 new-car registrations in Europe in September, nearly five times its deliveries of 5,013 units a year ago, according to data from the European Automobile Manufacturers Association, known as the ACEA. The association tracks vehicle sales across the European Union,... https://www.scmp.com/business/china-evs/article/3330873/chinese-ev-maker-byds-sales-surge-europe-narrowing-gap-market-leader-tesla?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3330873/chinese-ev-maker-byds-sales-surge-europe-narrowing-gap-market-leader-tesla?utm_source=rss_feed Thu, 30 Oct 2025 07:02:25 +0000 Aileen Chuang Aileen Chuang China will become one of the “outsize contributors” to JPMorgan Asset Management’s five-year plan to double Asia-Pacific assets under supervision to about US$600 billion, according to the firm’s top executive in the region. “Our long-term goal is to grow [operations in the region] to a US$1 trillion business,” said Dan Watkins, CEO of Asia-Pacific at JPMorgan Asset Management, in an interview on Tuesday. He said China, Australia and Japan – the three largest capital markets where the US firm... https://www.scmp.com/business/markets/article/3329014/china-remains-major-growth-area-asia-pacific-region-jpmorgan-executive-says?utm_source=rss_feed https://www.scmp.com/business/markets/article/3329014/china-remains-major-growth-area-asia-pacific-region-jpmorgan-executive-says?utm_source=rss_feed Wed, 15 Oct 2025 00:30:09 +0000 Enoch Yiu Enoch Yiu The Hong Kong Mandatory Provident Fund (MPF) achieved record earnings of HK$207 billion (US$26.5 billion) in the first nine months of this year, pushing total assets to the HK$1.5 trillion mark for the first time, according to the pension regulator on Monday. The performance translated to an average gain of HK$43,225 for each of the 4.8 million MPF members, according to data from MPF Ratings, an independent research firm. The record figure for the first three quarters of the year was 18 per cent... https://www.scmp.com/business/banking-finance/article/3328036/hong-kongs-mpf-assets-hit-hk15-trillion-after-record-gain-first-9-months?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328036/hong-kongs-mpf-assets-hit-hk15-trillion-after-record-gain-first-9-months?utm_source=rss_feed Tue, 07 Oct 2025 01:15:07 +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 Peggy Sito Peggy Sito Hong Kong maintained its position as the world’s third-ranked financial hub, narrowing the gap with leading cities New York and London, according to the latest Global Financial Centres Index (GFCI) report on Thursday. The report, which is published twice a year, said Hong Kong’s overall rating rose 4 points, just 1 point below London and 2 points behind top-ranked New York. “This ranking is not an endpoint, but a validation of our strategy” said Benjamin Hung, chairman of the Financial Services... https://www.scmp.com/business/markets/article/3326875/hong-kong-retains-no-3-rank-global-financial-hub-behind-new-york-and-london?utm_source=rss_feed https://www.scmp.com/business/markets/article/3326875/hong-kong-retains-no-3-rank-global-financial-hub-behind-new-york-and-london?utm_source=rss_feed Thu, 25 Sep 2025 11:38:52 +0000 Cao Li Cao Li Biotech exchange-traded funds (ETF) in Hong Kong are attracting local and global investors as Chinese pharmaceutical makers reap the dividends of research and development and narrow the gap with the US, according to China Asset Management (Hong Kong) (China AMC). With Hong Kong-traded Chinese stocks already enjoying a decent rally, investors were now looking for unique opportunities to beat the market, said Heidi Cai, head of international business at the asset manager. “Funds from the US are... https://www.scmp.com/business/markets/article/3325606/chinese-biotech-etfs-hong-kong-attract-investors-amid-us60-billion-licensing-deals?utm_source=rss_feed https://www.scmp.com/business/markets/article/3325606/chinese-biotech-etfs-hong-kong-attract-investors-amid-us60-billion-licensing-deals?utm_source=rss_feed Mon, 15 Sep 2025 10:00:10 +0000 Daniel Ren Daniel Ren Chinese electric vehicle (EV) maker Nio plans to raise more than US$1 billion in fresh funds with a share sale to enhance its development and replenish capital amid a price war. In a statement on Wednesday, the Shanghai-based carmaker said 181.8 million new shares would be issued, which would be allocated between its American depositary shares (ADS) and its ordinary stock. Nio is listed in the US, Hong Kong and Singapore. Investors can subscribe to the ADS, to be traded on the New York Stock... https://www.scmp.com/business/banking-finance/article/3325085/chinese-ev-maker-nio-eyes-us11-billion-proceeds-share-placement?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325085/chinese-ev-maker-nio-eyes-us11-billion-proceeds-share-placement?utm_source=rss_feed Wed, 10 Sep 2025 13:20:48 +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 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 Zhang Shidong Zhang Shidong The ongoing rally in Chinese stocks will do little to boost growth in the mainland’s economy, as equity investments account for a small portion of total household assets, Nomura Holdings said. In a report on Wednesday, Lu Ting, the Japanese brokerage’s chief China economist, said Chinese households parked the majority of their wealth in the struggling property market. Stock holdings accounted for 1.3 per cent of total household assets, while the proportion for properties was 60 per cent, the... https://www.scmp.com/business/china-business/article/3323488/chinas-stock-boom-will-not-do-much-rejuvenate-economy-nomura-says?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3323488/chinas-stock-boom-will-not-do-much-rejuvenate-economy-nomura-says?utm_source=rss_feed Fri, 29 Aug 2025 00:30:08 +0000 Enoch Yiu Enoch Yiu Standard Chartered, one of Hong Kong’s three note-issuing banks, on Wednesday launched a digital platform that allows investments in fund products with as little as HK$100 (US$12.80), hoping to turn depositors into investors. SC Invest would allow investors to choose from four fund products via their mobile phones or desktop computers, according to Alson Ho Man-chun, head of wealth solutions at Standard Chartered Hong Kong. “We have seen that many of our depositors have stable income and are... https://www.scmp.com/business/banking-finance/article/3321576/standard-chartered-aims-convert-depositors-investors-digital-platform?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3321576/standard-chartered-aims-convert-depositors-investors-digital-platform?utm_source=rss_feed Wed, 13 Aug 2025 00:30:08 +0000 Yulu Ao Yulu Ao Mainland Chinese investors bought HK$23.42 billion (US$3 billion) worth of Hong Kong stocks via the Stock Connect on Tuesday, the second time in two weeks that daily southbound net buying exceeded HK$20 billion, as confidence builds in the city’s market rebound. It marked the largest single-day inflow since April 9, when HK$35.6 billion of net buying was recorded, according to data compiled by Wind. On July 25, net purchases also topped HK$20 billion. So far this year, net purchases through the... https://www.scmp.com/business/china-business/article/3320928/daily-southbound-buying-stock-connect-exceeds-us25-billion-twice-2-weeks?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3320928/daily-southbound-buying-stock-connect-exceeds-us25-billion-twice-2-weeks?utm_source=rss_feed Wed, 06 Aug 2025 07:00:05 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks started the week on a solid note as investors expected a US-China tariff pause would be extended and after the US and the European Union (EU) agreed on a trade deal, moves that could prevent the global economy from slipping into a recession. The Hang Seng Index rose 0.7 per cent to 25,662.13 at the close on Monday, while the Hang Seng Tech Index dropped 0.2 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index gained at least 0.1 per cent. AIA Group led... https://www.scmp.com/business/china-business/article/3319782/hong-kong-stocks-kick-trading-strong-note-after-us-eu-trade-deal?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3319782/hong-kong-stocks-kick-trading-strong-note-after-us-eu-trade-deal?utm_source=rss_feed Mon, 28 Jul 2025 02:29:38 +0000 Enoch Yiu Enoch Yiu Hong Kong’s pension regulator said the number of millionaires in its scheme doubled as the total assets of the Mandatory Provident Fund (MPF) reached an all-time high of HK$1.4 trillion (US$178 billion) as of June, an increase of 130 per cent from 10 years earlier. In a blog post on Sunday, Mandatory Provident Fund Schemes Authority (MPFA) chairwoman Ayesha Macpherson Lau said around 125,000 MPF members had assets of more than HK$1 million, double the tally from five years earlier. The MPFA... https://www.scmp.com/business/banking-finance/article/3319645/number-millionaires-hong-kong-mpf-doubles-assets-hit-us178-billion-mpfa-chair?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3319645/number-millionaires-hong-kong-mpf-doubles-assets-hit-us178-billion-mpfa-chair?utm_source=rss_feed Sun, 27 Jul 2025 02:00:29 +0000 Daniel Ren Daniel Ren Chinese self-driving system developer iMotion Automotive Technology has taken a step to strengthen its fledgling robotics business with plans to manufacture key components for industrial robots. On Monday, the Suzhou-based firm said it would collaborate with Horizon Robotics, a maker of artificial intelligence (AI) chips for autonomous driving cars, to develop the iMotion iRC100 robotic controller, which is responsible for directing the movements of industrial robotic arms. A robotic controller,... https://www.scmp.com/business/china-evs/article/3319036/chinese-self-driving-firm-imotion-eyes-robotics-business-after-unveiling-refinancing-plan?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3319036/chinese-self-driving-firm-imotion-eyes-robotics-business-after-unveiling-refinancing-plan?utm_source=rss_feed Mon, 21 Jul 2025 11:30:11 +0000 Bloomberg Bloomberg Chinese investors are snapping up exchange-traded funds (ETFs) that track bonds, betting on their lower costs and diversified exposure to profit from an environment of stubborn deflation and policy support for the corporate sector. Assets managed under such ETFs surged to more than US$50 billion at the end of June, up from $10 billion at the beginning of last year, according to Bloomberg data. The number of those targeting corporate notes increased sixfold since the end of last year to become... https://www.scmp.com/business/banking-finance/article/3318976/chinese-bond-etfs-top-us50-billion-assets-managed-frenzy-spurred-deflation?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3318976/chinese-bond-etfs-top-us50-billion-assets-managed-frenzy-spurred-deflation?utm_source=rss_feed Mon, 21 Jul 2025 06:23:42 +0000 Julie Zhang Julie Zhang Shareholders of mainland Chinese companies are showing increasing interest in setting up family offices in Hong Kong after their initial public offerings amid a swelling pipeline of new listings in the city, according to an asset manager overseeing up to US$2 billion in wealth. “This week alone, I have met two clients inquiring about family office services and tonight I am meeting another – lots of overtime,” said Wang Fengyu, founder and chairman of Hong Kong-based Oakwise Capital, in an... https://www.scmp.com/business/banking-finance/article/3318844/shareholders-mainland-chinese-firms-look-hong-kong-family-offices-asset-manager?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3318844/shareholders-mainland-chinese-firms-look-hong-kong-family-offices-asset-manager?utm_source=rss_feed Sun, 20 Jul 2025 23:30:10 +0000 Zhang Shidong Zhang Shidong Equity investors are shifting their attention to China’s coming Politburo meeting for any clues on whether top leaders will introduce measures to fight back against overcapacity in some of the nation’s emerging industries. All eyes will be on how the gathered leaders address hyper-competition in industries including solar, lithium batteries, electric vehicles (EVs) and e-commerce. The summit was expected to be convened later this month and the 24 members of the Communist Party’s decision-making... https://www.scmp.com/business/china-business/article/3318765/investors-look-chinas-politburo-meeting-signs-fighting-industrial-overcapacity?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3318765/investors-look-chinas-politburo-meeting-signs-fighting-industrial-overcapacity?utm_source=rss_feed Fri, 18 Jul 2025 09:30:11 +0000 Aileen Chuang Aileen Chuang ChinaAMC (HK), the Hong Kong arm of Chinese fund house China Asset Management, launched the world’s first yuan-denominated tokenised fund on Thursday, aligning with the city’s regulatory framework for stablecoins, which is expected to stimulate demand for digital assets. While a yuan stablecoin is currently unavailable, mainland Chinese officials have softened their stance on digital currencies and the broader digital asset space. With Hong Kong’s stablecoin ordinance taking effect from August... https://www.scmp.com/business/banking-finance/article/3318571/chinaamc-launches-worlds-first-tokenised-yuan-fund-amid-hong-kong-stablecoin-push?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3318571/chinaamc-launches-worlds-first-tokenised-yuan-fund-amid-hong-kong-stablecoin-push?utm_source=rss_feed Thu, 17 Jul 2025 08:26:38 +0000 Cao Li Cao Li China is likely to issue a record number of exchange-traded funds (ETFs) this year, having already crossed the halfway mark of the all-time high of 277 ETFs launched four years ago, spurred by favourable regulations and growing investor demand. Fund managers in mainland China launched 166 ETFs tracking stock indexes, bonds and overseas markets up to the end of June, according to ETFGI, a research and consulting firm. “If the pace of launches continues, we will see the previous record of 277 ETFs... https://www.scmp.com/business/markets/article/3318240/china-track-break-etf-issuance-record-amid-booming-investor-demand?utm_source=rss_feed https://www.scmp.com/business/markets/article/3318240/china-track-break-etf-issuance-record-amid-booming-investor-demand?utm_source=rss_feed Tue, 15 Jul 2025 05:30:08 +0000 Julie Zhang Julie Zhang Global sovereign wealth funds are increasing their allocations to Chinese assets, betting on the country’s prowess in digital technologies, renewable energy and advanced manufacturing to drive returns and hedge geopolitical risks, according to an Invesco study. Nearly 60 per cent of sovereign wealth funds said they planned to increase their investments in China over the next five years, higher than in 2024, the study revealed on Monday. The Invesco Global Sovereign Asset Management study was... https://www.scmp.com/business/banking-finance/article/3318133/global-sovereign-wealth-funds-increasing-allocations-chinese-assets-invesco?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3318133/global-sovereign-wealth-funds-increasing-allocations-chinese-assets-invesco?utm_source=rss_feed Mon, 14 Jul 2025 08:45:07 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks advanced on Friday, with the city’s benchmark pulling off a weekly gain on expectations for improved earnings in some industries and additional policy support from Beijing to spur growth. The Hang Seng Index rose 0.5 per cent to 24,139.57 at the close and the Hang Seng Tech Index gained 0.6 per cent. On the mainland, the CSI 300 Index added 0.1 per cent and the Shanghai Composite Index was little changed. Wuxi AppTec jumped 10 per cent to HK$88.15 after saying its first-half... https://www.scmp.com/business/companies/article/3317788/hong-kong-stocks-head-weekly-gain-earnings-optimism-wuxi-apptec-rallies?utm_source=rss_feed https://www.scmp.com/business/companies/article/3317788/hong-kong-stocks-head-weekly-gain-earnings-optimism-wuxi-apptec-rallies?utm_source=rss_feed Fri, 11 Jul 2025 02:19:14 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks rebounded on Thursday as investors awaited signals on additional policy support from Beijing as the end of the 90-day tariff ceasefire with the US neared and after China’s deflation deepened. The Hang Seng Index rose 0.6 per cent to 24,028.37 at the close and the Hang Seng Tech Index dropped 0.3 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both climbed 0.5 per cent. Sunny Optical Technology advanced 6.1 per cent to HK$75.45 and BYD Electronic... https://www.scmp.com/business/china-business/article/3317616/hong-kong-stocks-waver-investors-await-details-policy-support-beijing?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3317616/hong-kong-stocks-waver-investors-await-details-policy-support-beijing?utm_source=rss_feed Thu, 10 Jul 2025 02:24:08 +0000 Cao Li Cao Li Hong Kong is an ideal place for investors to seek stability and move resources away from riskier parts of the world, according to Alpha Lau Hai-suen, the director general of InvestHK. Speaking at the South China Morning Post’s China Conference on Tuesday, Lau said that since the Covid-19 pandemic, Hong Kong’s investment flows have not returned to previous levels due to global trade and tariff challenges. InvestHK is a government agency tasked with promoting the city overseas. “Despite all that,... https://www.scmp.com/business/banking-finance/article/3317341/hong-kong-leaders-say-city-good-place-seek-stability-capitalise-china-growth?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3317341/hong-kong-leaders-say-city-good-place-seek-stability-capitalise-china-growth?utm_source=rss_feed Tue, 08 Jul 2025 06:40:09 +0000 Aileen Chuang Aileen Chuang China expanded the scope of investors to include more mainland-based financial groups under the eight-year-old Bond Connect programme, taking a significant step to ease capital-flow restrictions and further establish Hong Kong as an international financial centre. Securities firms, fund managers, insurers and wealth management companies would be allowed to invest in offshore bonds through the southbound channel of the scheme from Tuesday, according to authorities in Beijing and Hong Kong. Only... https://www.scmp.com/business/banking-finance/article/3317339/china-expands-bond-connect-allowing-more-players-join-banks-offshore-market?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3317339/china-expands-bond-connect-allowing-more-players-join-banks-offshore-market?utm_source=rss_feed Tue, 08 Jul 2025 06:06:15 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX) has launched an order-routing service on its fund platform as part of its move to diversify its business and support the government’s ambition to strengthen the city as an international wealth management centre. “This centralised platform will connect participants of all sizes across the fund value chain, fostering greater collaboration and elevating operational efficiencies for the fund distribution industry,” CEO Bonnie Chan Yiting said at a ceremony to... https://www.scmp.com/business/markets/article/3316825/hkex-launches-order-routing-service-enhance-mutual-fund-distribution-ecosystem?utm_source=rss_feed https://www.scmp.com/business/markets/article/3316825/hkex-launches-order-routing-service-enhance-mutual-fund-distribution-ecosystem?utm_source=rss_feed Thu, 03 Jul 2025 09:53:57 +0000 Daniel Ren,Aileen Chuang Daniel Ren,Aileen Chuang Anjoy Foods Group, mainland China’s largest producer of frozen hotpot ingredients, said it plans to expand in overseas markets like Europe and Southeast Asia after it lists in Hong Kong. Liang Chen, board secretary of the Fujian-based company, told the Post that proceeds from the share sale would bolster its competitiveness in countries like Indonesia and Malaysia, where hotpot has been flourishing. Anjoy kicked off its Hong Kong bookbuilding on Wednesday, according to its listing... https://www.scmp.com/business/china-business/article/3315698/chinese-hotpot-giant-anjoy-foods-eyes-southeast-asia-and-europe-after-hong-kong-listing?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3315698/chinese-hotpot-giant-anjoy-foods-eyes-southeast-asia-and-europe-after-hong-kong-listing?utm_source=rss_feed Wed, 25 Jun 2025 00:30:08 +0000 Daniel Ren,Enoch Yiu Daniel Ren,Enoch Yiu Mainland Chinese companies will use Hong Kong’s capital market as the launch pad for their global growth, according to an action plan signed on Wednesday with Shanghai to connect the premier onshore commercial city with the nation’s offshore financial hub. The two cities will expand the decade-old connect programme linking the stock markets of Shanghai and Hong Kong with more equities, bonds, exchange-traded funds (ETFs) and gold, as well as working on cross-border settlements and uses of the... https://www.scmp.com/business/china-business/article/3314848/hong-kong-act-launching-pad-chinese-companies-global-push-pact-shanghai?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3314848/hong-kong-act-launching-pad-chinese-companies-global-push-pact-shanghai?utm_source=rss_feed Wed, 18 Jun 2025 02:24:57 +0000 Daniel Ren,Cao Li Daniel Ren,Cao Li When Yan Jun was looking around last year for a stock market to raise capital for his Beijing-based traffic-control software company, the engineer and chairman thought he was spoiled for choice. He could sell shares of his 10-year-old company AICT on one of the three mainland exchanges – Beijing, Shanghai and Shenzhen – that together make up the world’s second-biggest capital market, with a combined value of US$10 trillion, according to Bloomberg data. Or he could raise capital offshore by... https://www.scmp.com/business/banking-finance/article/3313362/why-hong-kong-chinas-undisputed-hub-global-finance-shanghais-expense?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3313362/why-hong-kong-chinas-undisputed-hub-global-finance-shanghais-expense?utm_source=rss_feed Sat, 07 Jun 2025 02:00:11 +0000 Enoch Yiu Enoch Yiu Technology giant Tencent Holdings was Chinese mutual funds’ top stock holding in the first quarter, pushing Contemporary Amperex Technology (CATL) into second place, as mainland institutional investors increased their holdings of Hong Kong-listed shares, according to data from TX Investment Consulting on Wednesday. A total of 1,186 mainland Chinese mutual funds held a combined 151 million Tencent shares worth 69.38 billion yuan (US$9.5 billion) at the end of March, the data showed. CATL, the... https://www.scmp.com/business/companies/article/3307597/tencent-tops-chinese-mutual-funds-holdings-hong-kong-stocks-gain-traction?utm_source=rss_feed https://www.scmp.com/business/companies/article/3307597/tencent-tops-chinese-mutual-funds-holdings-hong-kong-stocks-gain-traction?utm_source=rss_feed Wed, 23 Apr 2025 09:00:16 +0000 Peggy Sito,Zhang Shidong Peggy Sito,Zhang Shidong The chief executive of Qatar’s sovereign wealth fund recently visited Beijing to accelerate an agreement to acquire a 10 per cent stake in China Asset Management (ChinaAMC), one of the country’s largest mutual fund firms, according to sources familiar with the matter. On Monday, Mohammed Saif Al-Sowaidi – who took the helm of the Qatar Investment Authority (QIA) in November – met with key stakeholders, including Citic Securities and ChinaAMC, as part of an effort to speed up regulatory approvals... https://www.scmp.com/business/banking-finance/article/3305790/qatar-wealth-fund-chief-seeks-speed-deal-china-asset-management-stake?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3305790/qatar-wealth-fund-chief-seeks-speed-deal-china-asset-management-stake?utm_source=rss_feed Wed, 09 Apr 2025 04:28:09 +0000 Enoch Yiu Enoch Yiu HSBC Holdings shareholders are more concerned with receiving Hong Kong Sevens tickets and other freebies and have fewer complaints about dividend payments or a spin-off of the firm’s Asia business, they told the bank’s top managers at an informal meeting on Tuesday. Around 1,000 shareholders gathered at a hotel in Wan Chai and many praised HSBC’s strong performance last year, adding that they supported new strategies to cut costs and achieve growth. In past years, some shareholders voiced... https://www.scmp.com/business/banking-finance/article/3304792/hsbc-shareholders-buzz-about-freebies-sevens-tickets-have-fewer-dividend-complaints?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3304792/hsbc-shareholders-buzz-about-freebies-sevens-tickets-have-fewer-dividend-complaints?utm_source=rss_feed Tue, 01 Apr 2025 12:21:00 +0000 Daniel Ren Daniel Ren A recent correction in technology stocks is unlikely to dent Chinese investors’ buying interest due to their belief in the companies’ long-term prospects and Beijing’s vision for the sector, according to a senior Standard Chartered executive. Judy Hsu, CEO for wealth and retail banking, told the Post that high-net-worth individuals in mainland China had faith in the potential of tech firms ranging from artificial intelligence (AI) start-ups to information technology infrastructure builders... https://www.scmp.com/business/china-business/article/3304234/deepseek-has-boosted-faith-rich-chinese-investors-tech-stocks-stanchart-banker?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3304234/deepseek-has-boosted-faith-rich-chinese-investors-tech-stocks-stanchart-banker?utm_source=rss_feed Sun, 30 Mar 2025 01:30:11 +0000 Daniel Ren Daniel Ren Hong Kong stocks fell on Tuesday to a three-week low, dragged down by technology firms and carmakers, as investors ignored strong overnight gains on Wall Street and resorted to profit-taking in the absence of strong catalysts. The Hang Seng Index slumped 2.4 per cent to 23,344.25, the lowest since March 4. The Hang Seng Tech Index shed 3.8 per cent, with all component stocks ending in the red. On the mainland, both the CSI 300 Index and the Shanghai Composite Index slipped 0.1 per cent. In the... https://www.scmp.com/business/markets/article/3303719/hong-kong-stocks-fall-investors-cash-out-amid-lack-strong-catalysts?utm_source=rss_feed https://www.scmp.com/business/markets/article/3303719/hong-kong-stocks-fall-investors-cash-out-amid-lack-strong-catalysts?utm_source=rss_feed Tue, 25 Mar 2025 02:43:43 +0000 Enoch Yiu Enoch Yiu Hong Kong’s pension regulator said money managers would need to raise their disclosure standards on environment, social and governance (ESG) funds to help contributors understand their risk management and investment strategies The 12 participating fund managers, or trustees, including HSBC and Manulife, should improve the transparency levels on ESG-related reporting in their pension schemes, the Mandatory Provident Fund Schemes Authority (MPFA) said on Monday. The trustees must clearly state ESG... https://www.scmp.com/business/banking-finance/article/3299877/hong-kong-raises-esg-disclosure-standards-mpf-managers?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3299877/hong-kong-raises-esg-disclosure-standards-mpf-managers?utm_source=rss_feed Mon, 24 Feb 2025 07:00:20 +0000 Yulu Ao Yulu Ao Bridgewater Associates trimmed most of its holdings in US-listed Chinese stocks last quarter, including bets on Alibaba Group Holding and Trip.com Group, partly missing a market rally fuelled by Beijing’s stimulus blitz and DeepSeek’s artificial intelligence (AI) breakthrough. The world’s biggest hedge fund cut half of its position in Alibaba from the preceding three months, 14 per cent of its stake in Tencent Music, and 25 per cent of its bet on video streamer iQiyi, according to its 13F filing... https://www.scmp.com/business/companies/article/3298735/bridgewater-reports-mixed-returns-after-pruning-alibaba-adding-bets-li-auto-baidu?utm_source=rss_feed https://www.scmp.com/business/companies/article/3298735/bridgewater-reports-mixed-returns-after-pruning-alibaba-adding-bets-li-auto-baidu?utm_source=rss_feed Fri, 14 Feb 2025 09:25:26 +0000 Enoch Yiu Enoch Yiu Macau, which is traditionally known for its casinos and tourism industry, will soon have another business to attract mainland Chinese – its first locally domiciled mutual fund. A&P Macau Patacas Money Market Fund – the special administrative region’s pataca-denominated money market fund launched last July – will soon be offered to mainland investors in the Greater Bay Area via the Wealth Management Connect scheme, according to its manager. “Our fund just turned six months, and it has... https://www.scmp.com/business/mutual-funds/article/3296315/macaus-first-local-mutual-fund-targets-mainland-investors-wealth-connect-scheme?utm_source=rss_feed https://www.scmp.com/business/mutual-funds/article/3296315/macaus-first-local-mutual-fund-targets-mainland-investors-wealth-connect-scheme?utm_source=rss_feed Sun, 26 Jan 2025 23:00:14 +0000 Bloomberg Bloomberg Bridgewater Associates widened its lead over global peers in China last year, after its multi-asset strategy’s stable returns attracted more wealthy local clients in a volatile market. The firm’s Shanghai-based private fund management arm boosted assets under management to more than 55 billion yuan (US$7.5 billion) as of December 31, thanks to investment returns and new inflows, according to people familiar, who requested not to be named because the matter is private. They rose about 40 per cent... https://www.scmp.com/business/banking-finance/article/3293992/bridgewater-widens-china-lead-40-jump-assets?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3293992/bridgewater-widens-china-lead-40-jump-assets?utm_source=rss_feed Thu, 09 Jan 2025 02:30:08 +0000 Enoch Yiu Enoch Yiu The 4.75 million members of Hong Kong’s Mandatory Provident Fund (MPF) enjoyed a 13 per cent increase in their pension assets in 2024 thanks to the best investment returns in four years. The MPF earned a combined HK$102.4 billion (US$13 billion) last year, equivalent to HK$21,500 for each member, according to data from MPF Ratings, an independent research firm. The 379 MPF investment funds generated an average return of 8.8 per cent for the year, compared with a 3.5 per cent gain in 2023 and a... https://www.scmp.com/business/article/3293497/hong-kong-pension-fund-grows-13-2024-best-returns-4-years?utm_source=rss_feed https://www.scmp.com/business/article/3293497/hong-kong-pension-fund-grows-13-2024-best-returns-4-years?utm_source=rss_feed Mon, 06 Jan 2025 01:00:20 +0000 Enoch Yiu Enoch Yiu The fund management industry in Hong Kong is likely to get a shot in the arm, with money managers relishing the prospect of attracting more investors from mainland China following some tweaks to a cross-border trading scheme. Changes to the Mutual Fund Recognition (MFR) scheme will allow Hong Kong-based firms to sell more of their investment funds to mainland investors, according to the China Securities Regulatory Commission (CSRC). Fund managers outside Hong Kong will also be able to invest the... https://www.scmp.com/business/china-business/article/3292893/hong-kong-funds-get-boost-beijings-tweaks-mutual-fund-recognition-scheme?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3292893/hong-kong-funds-get-boost-beijings-tweaks-mutual-fund-recognition-scheme?utm_source=rss_feed Wed, 01 Jan 2025 04:01:08 +0000 Daniel Ren Daniel Ren Beijing has slashed capital requirements for foreign institutions and companies to buy into China’s listed firms as strategic investors, taking another step towards bolstering investor confidence in the country’s stock market. Investors who own proprietary assets of no less than US$50 million or have assets under management of at least US$300 million will be eligible to make strategic investments in firms traded on mainland China’s stock exchanges from December 2, according to a new rule... https://www.scmp.com/business/china-business/article/3284890/china-eases-requirements-foreign-investments-listed-companies?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3284890/china-eases-requirements-foreign-investments-listed-companies?utm_source=rss_feed Fri, 01 Nov 2024 15:13:55 +0000 Enoch Yiu Enoch Yiu Hong Kong-based international fund houses are exploring sales of equity products to investors in the Middle East and Southeast Asia, as the recent market rally in the city has piqued their interest, according to the newly elected chairman of the fund industry body. “With the recent improved market sentiment, and by leveraging Hong Kong’s role as the superconnector between China and the world, the timing is right for Hong Kong fund managers to go out to explore new business opportunities in the... https://www.scmp.com/business/markets/article/3281886/hong-kong-fund-managers-eye-middle-east-southeast-asia-investors-amid-market-rally?utm_source=rss_feed https://www.scmp.com/business/markets/article/3281886/hong-kong-fund-managers-eye-middle-east-southeast-asia-investors-amid-market-rally?utm_source=rss_feed Fri, 11 Oct 2024 00:00:14 +0000 Zhang Shidong,Mia Castagnone Zhang Shidong,Mia Castagnone China will combine Guotai Junan Securities and Haitong Securities to create a megabrokerage with 1.68 trillion yuan in total assets (US$236.9 billion), part of a government-led push to make the nation’s financial services sector competitive with Wall Street. Guotai Junan plans to absorb Haitong in a stock swap, through which shares will be issued to holders of Haitong’s yuan-denominated A shares and Hong Kong-listed H shares, according to separate statements from the two companies. If combined,... https://www.scmp.com/business/banking-finance/article/3277403/china-create-megabrokerage-combining-guotai-junan-and-haitong-securities?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3277403/china-create-megabrokerage-combining-guotai-junan-and-haitong-securities?utm_source=rss_feed Fri, 06 Sep 2024 01:38:07 +0000