https://www.scmp.com/rss/501981/feed All millennials need to know about investing for beginners, including stock market trading, stock market 101, buying and selling shares and how to make the most out of your money. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com He Huifeng He Huifeng With gold prices dancing near a never-before-seen US$3,900 an ounce, Chinese investors and consumers are finding themselves caught up in a whirlwind of excitement and trepidation – frustrated by missed opportunities, wary of the record-high rally, and scrambling to decide whether to buy, sell or hold their glittering assets. After topping US$3,800 an ounce for the first time last week in a surprise surge that has continued this week, gold is keeping market participants on their toes. Li Yue, a... https://www.scmp.com/economy/china-economy/article/3327785/chinas-gold-fever-record-prices-and-see-saw-sentiment-do-consumers-buy-sell-or-hold?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3327785/chinas-gold-fever-record-prices-and-see-saw-sentiment-do-consumers-buy-sell-or-hold?utm_source=rss_feed Sun, 05 Oct 2025 03:00:12 +0000 Aileen Chuang Aileen Chuang HSBC plans to roll out a revamped mobile app in Hong Kong this month, with upgrades that aim to deliver what bank executives described as the “most personalised and simplified” experience for its customers. The app is expected to launch in phases from May 20, with the first batch of users totalling around 50,000, the bank said on Wednesday. The latest update was the most significant in five years to keep up with customers’ evolving banking habits and needs, it added. “It’s the personal app for... https://www.scmp.com/business/banking-finance/article/3309436/hsbc-revamps-hong-kong-mobile-app-boost-user-experience-banking-convenience?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3309436/hsbc-revamps-hong-kong-mobile-app-boost-user-experience-banking-convenience?utm_source=rss_feed Wed, 07 May 2025 10:31:29 +0000 Salina Li Salina Li A new survey from HSBC showed that seven out of 10 members of Generation Z view travel as a key motivation for work and that they started investing at a younger age than previous generations. “Lifestyle preferences and financial needs differ across generations,” said Brian Hui, head of customer propositions and marketing of wealth and personal banking at HSBC Hong Kong. “Nearly half of our Gen Z respondents prioritise saving for short-term goals, often linked to enjoying life.” Members of Gen Z,... https://www.scmp.com/business/article/3284208/gen-z-saves-enjoy-travel-short-term-goals-and-started-investing-younger-age-hsbc?utm_source=rss_feed https://www.scmp.com/business/article/3284208/gen-z-saves-enjoy-travel-short-term-goals-and-started-investing-younger-age-hsbc?utm_source=rss_feed Mon, 28 Oct 2024 12:08:30 +0000 Enoch Yiu Enoch Yiu A fear of missing out on the US$1.8 trillion stock rally in Hong Kong and mainland China has driven young investors to open accounts with online trading platforms, while others have been seen queuing up at local brokerages to get in on the action. However, it has not been smooth sailing for many new investors, most of whom are in their late 20s and early 30s. Some wannabe traders have been unable to open accounts on online trading platforms of banks and brokers, as the systems have been... https://www.scmp.com/business/banking-finance/article/3280582/hong-kong-mainland-chinas-us18-trillion-stock-boom-sparks-rush-millennial-investors?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3280582/hong-kong-mainland-chinas-us18-trillion-stock-boom-sparks-rush-millennial-investors?utm_source=rss_feed Tue, 01 Oct 2024 01:22:18 +0000 This November, some 8,000 runners will cross the Hong Kong-Zhuhai-Macau Bridge as they participate in a half marathon sponsored by the Bank of China (Hong Kong)(BOCHK), the first time an event of such magnitude will be connecting the three administrative zones of the Greater Bay Area (GBA). The GBA is considered a powerhouse of China’s economic prowess, and comprises the two special administrative regions of Hong Kong and Macau and nine cities in Guangdong province. It is home to an estimated 86... https://www.scmp.com/business/article/3230741/chinas-fledgling-wealth-connect-plan-stunted-devil-3-disparate-systems-stymies-greater-bay-area?utm_source=rss_feed https://www.scmp.com/business/article/3230741/chinas-fledgling-wealth-connect-plan-stunted-devil-3-disparate-systems-stymies-greater-bay-area?utm_source=rss_feed Sat, 12 Aug 2023 01:30:09 +0000 More than half of China’s Gen Z are investing because of a “fear of missing out”, or Fomo, and having money for travel is their number one financial goal, according to a recent study by the CFA Institute. The CFA Institute, a global not-for-profit professional organisation that provides investment professionals with finance education, conducted the study jointly with US not-for-profit organisation Financial Industry Regulatory Authority Investor Education (Finra) Foundation. The non-profits... https://www.scmp.com/business/banking-finance/article/3222081/fomo-funds-travel-among-chinese-gen-zs-motivations-investing-cfa-institute-study-finds?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3222081/fomo-funds-travel-among-chinese-gen-zs-motivations-investing-cfa-institute-study-finds?utm_source=rss_feed Sun, 28 May 2023 10:00:18 +0000 Hong Kong will sell a record HK$45 billion (US$5.73 billion) of inflation-protected bonds, attracting the highest number of applications after the government raised the coupon to compensate for the biggest jump in underlying consumer prices in more than two years. The treasury received HK$62.64 billion of bids for the HK$35 billion of three-year notes known as Silver Bonds on offer, a government spokesperson said on Friday. It boosted the offering size to HK$45 billion to meet the excess... https://www.scmp.com/business/banking-finance/article/3191164/silver-bonds-hong-kong-gets-hk626-billion-bids-record?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3191164/silver-bonds-hong-kong-gets-hk626-billion-bids-record?utm_source=rss_feed Fri, 02 Sep 2022 11:00:55 +0000 Tencent Holdings and NetEase will stand out in the race to the metaverse, as their large population of users and early investments in related infrastructure bode well for new businesses stemming from the web’s transformation into an immersive, three-dimensional online world, Credit Suisse said. China’s top internet and games publishers are among a list of 35 global stock picks identified in the Metaverse: a guide to the next gen internet report released this week by Credit Suisse. A relatively... https://www.scmp.com/business/banking-finance/article/3167463/tencent-netease-stand-out-global-race-metaverse-large?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3167463/tencent-netease-stand-out-global-race-metaverse-large?utm_source=rss_feed Thu, 17 Feb 2022 23:30:26 +0000 Hong Kong’s stock market operator will allow special purpose acquisition companies (SPACs) to list starting in January, joining global bourses from New York to Singapore in opening another fundraising avenue for start-ups. SPACs must raise at least HK$1 billion (US$128 million) to qualify for a listing in the city, according to a statement by Hong Kong Exchanges and Clearing Limited (HKEX), the operator of the world’s third-largest capital market. Since early 2020, SPACs have been the hottest... https://www.scmp.com/business/banking-finance/article/3160134/hong-kong-approves-spac-listings-clearing-way-blank-cheque?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3160134/hong-kong-approves-spac-listings-clearing-way-blank-cheque?utm_source=rss_feed Fri, 17 Dec 2021 09:44:30 +0000 Exchange-traded funds (ETFs) that track crude oil futures have been the top performers this year compared to other financial instruments, most of them returning over 40 per cent since January, as a supply crunch kept spot prices ahead of futures. Investors have sold and took profit on the two crude oil ETFs in Hong Kong and four in mainland China with US$430 million in combined assets, riding on this year’s rebound in oil prices that reached seven-year highs several times. ETF managers gained... https://www.scmp.com/business/banking-finance/article/3158894/oil-etfs-are-roll-energy-crunch-helps-exchange-traded?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3158894/oil-etfs-are-roll-energy-crunch-helps-exchange-traded?utm_source=rss_feed Thu, 09 Dec 2021 00:30:17 +0000 The Hong Kong government’s inflation-linked debt, known as iBonds, topped Google’s annual ranking of the most-searched financial terms, underscoring the appetite for sound investments during the Covid-19 pandemic. “iBond 2021” ranked first on Google Hong Kong’s Year in Search 2021 Top Trending Finance News chart, while “bitcoin price”, “Kuaishou” and the share prices of GME (GameStop), Xiaomi and Tesla also made the top 10 list. Financial investment was “top of mind” for the city’s netizens,... https://www.scmp.com/business/article/3158933/which-financial-terms-are-hongkongers-searching-google-ibonds-2021-beats?utm_source=rss_feed https://www.scmp.com/business/article/3158933/which-financial-terms-are-hongkongers-searching-google-ibonds-2021-beats?utm_source=rss_feed Wed, 08 Dec 2021 10:45:17 +0000 Hong Kong’s financial regulator is reviewing the rules governing transactions of cryptocurrencies, including whether individual retail investors are allowed to dabble in exchange traded funds (ETFs) with exposure to virtual assets. The Securities and Futures Commission (SFC) said it would review the 2018 rules that limited transactions of cryptocurrencies via funds or trading platforms to professional investors with at least HK$8 million to invest “to see if it is still fit for purpose, and... https://www.scmp.com/business/banking-finance/article/3154725/hong-kong-review-rules-whether-allow-retail-investors?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3154725/hong-kong-review-rules-whether-allow-retail-investors?utm_source=rss_feed Wed, 03 Nov 2021 11:30:15 +0000 A well-known veteran money manager at China Asset Management, one of the country’s biggest mutual-fund firms, has died at the age of 41. Cai Xiangyang, who managed 10 funds with a combined US$7.8 billion in assets, died on Monday in Beijing, China Asset said in a statement, without giving more details. Cai won six industry awards for stock investments during his 14-year stint at the firm, and the dividends issued by his funds totalled 14.2 billion yuan (US$2.2 billion), it said. Cai was known to... https://www.scmp.com/business/markets/article/3154674/cai-xiangyang-veteran-fund-manager-china-asset-known-his-big-bets?utm_source=rss_feed https://www.scmp.com/business/markets/article/3154674/cai-xiangyang-veteran-fund-manager-china-asset-known-his-big-bets?utm_source=rss_feed Wed, 03 Nov 2021 06:02:30 +0000 Hong Kong Exchanges and Clearing Limited (HKEX), the operator of Asia’s third-largest capital market, will launch a financial derivative in October for investors to hedge their risks of investing in China’s A-shares market, a move that gives the city an edge over Singapore in fostering cross-border regulations with the mainland. A futures product based on 50 of the yuan-denominated A-shares on the Shanghai and Shenzhen exchanges will kick off on October 18, following the green light by Hong... https://www.scmp.com/business/banking-finance/article/3145821/hkex-launch-shares-index-futures-october-deals-blow?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3145821/hkex-launch-shares-index-futures-october-deals-blow?utm_source=rss_feed Fri, 20 Aug 2021 10:54:03 +0000 The trillion-dollar rout afflicting Chinese technology stocks may not end until China’s government restores investors’ trust in the securities, as shareholders had been left defenceless by the aftermath of unexpected regulatory crackdowns. That is the view of Manuel Muhl of DZ Bank, a Frankfurt-based lender, who downgraded China’s internet platform sector last month, making him the only analyst globally with a “sell” rating on the industry torch-bearers Alibaba Group Holding and Tencent... https://www.scmp.com/business/article/3145561/lone-bear-alibaba-and-tencent-says-chinese-tech-stocks-rout-persist-until?utm_source=rss_feed https://www.scmp.com/business/article/3145561/lone-bear-alibaba-and-tencent-says-chinese-tech-stocks-rout-persist-until?utm_source=rss_feed Thu, 19 Aug 2021 02:24:03 +0000 Nayuki Holdings, the world’s first listed milk tea chain, slumped on its Hong Kong debut, on concerns about its earnings outlook and relatively high pricing. The Shenzhen-based company closed 13.50 per cent lower at HK$17.12 on Wednesday from its initial public offering price of HK$19.80, valuing it at HK$29.4 billion (US$3.8 billion). The stock opened trading 4.8 per cent lower at HK$18.86. “The market was comparing Nayuki to restaurant chains such as Haidilao and Jiumaojiu, and its listed... https://www.scmp.com/business/markets/article/3139273/shenzhen-based-milk-tea-firm-nayuki-declines-hong-kong-debut-amid?utm_source=rss_feed https://www.scmp.com/business/markets/article/3139273/shenzhen-based-milk-tea-firm-nayuki-declines-hong-kong-debut-amid?utm_source=rss_feed Wed, 30 Jun 2021 05:02:26 +0000 Environment, social and governance disclosures by mainland China-listed companies have improved but remain short of the needs of international fund managers, who are increasingly pushed by asset owners to embed ESG considerations into investment decisions, according to asset managers. Engagement by foreign investors has already seen some companies enhance disclosures, while impending regulatory requirements would improve it further, they said. “There is still an emphasis on the part of many... https://www.scmp.com/business/companies/article/3136098/asias-booming-esg-funds-will-take-if-china-improves-disclosure?utm_source=rss_feed https://www.scmp.com/business/companies/article/3136098/asias-booming-esg-funds-will-take-if-china-improves-disclosure?utm_source=rss_feed Sun, 06 Jun 2021 06:00:22 +0000 Reuters Reuters China’s latest salvo against cryptocurrencies has driven a brutal sell-off in bitcoin markets but retail traders, miners and even crypto finance firms reckon Beijing’s bark is louder than its bite. China’s announcement on Tuesday of a tougher ban on banks and payment companies offering crypto-related services furthered a sell-off that briefly wiped US$1 trillion off crypto market capitalisation. But fears that the rules would cripple cryptocurrency markets and mining on the Chinese mainland... https://www.scmp.com/tech/policy/article/3134306/bitcoin-and-other-cryptocurrencies-can-still-be-bought-china-after?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3134306/bitcoin-and-other-cryptocurrencies-can-still-be-bought-china-after?utm_source=rss_feed Fri, 21 May 2021 04:36:35 +0000 Coco Feng Coco Feng Three Chinese state-backed financial associations have jointly issued a warning about the risks stemming from volatile cryptocurrencies, in the latest step by Chinese authorities to tamp down on speculative trading and draw a clear distinction with the central bank’s own digital currency. The National Internet Finance Association of China, a state-backed association of Chinese internet firms providing financial services, the China Banking Association on behalf of the country’s banks, as well as... https://www.scmp.com/tech/policy/article/3133967/beijing-sends-another-warning-cryptocurrency-risks-amid-recent-elon?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3133967/beijing-sends-another-warning-cryptocurrency-risks-amid-recent-elon?utm_source=rss_feed Wed, 19 May 2021 01:00:22 +0000 China is soon expected to launch the Wealth Management Connect, the first cross border investment scheme in the Greater Bay Area, its latest move to further open up the mainland’s financial market and promote economic integration in the region. Additional details about the scheme, first mentioned in a blueprint about the Greater Bay Area’s development in February 2019, were released last week. The scheme is expected to facilitate a total fund flow of 300 billion yuan (US$46.5 billion) in terms... https://www.scmp.com/business/companies/article/3133199/wealth-management-connect-heres-what-you-need-know-about-scheme?utm_source=rss_feed https://www.scmp.com/business/companies/article/3133199/wealth-management-connect-heres-what-you-need-know-about-scheme?utm_source=rss_feed Wed, 12 May 2021 23:30:12 +0000 China’s US$10.5 trillion stock market, the world’s second largest, is drawing global attention for the right and wrong reasons. The nation’s economic prowess and growing influence has encouraged MSCI, FTSE Russell and other index compilers to boost its weighting in global benchmarks over the past two years, luring funds and helping propel domestic stocks to US$11.8 trillion to a peak on February 21. Since that euphoric day, however, more than US$1.3 trillion in value has been erased from the two... https://www.scmp.com/business/china-business/article/3125063/what-behind-chinas-us14-trillion-stock-market-rout-what-are?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3125063/what-behind-chinas-us14-trillion-stock-market-rout-what-are?utm_source=rss_feed Fri, 12 Mar 2021 00:30:09 +0000 Warren Buffett’s Berkshire Hathaway cut its Apple holding during the last few months of the year. The conglomerate also revealed three new buys that it snapped up in secret. Berkshire bought stock in Verizon Communications, insurance broker Marsh & McLennan and Chevron, bets that were granted confidential status and not revealed in a third-quarter regulatory filing, according to an updated document released Tuesday. The news of the investments sent the shares of those three companies up in... https://www.scmp.com/business/companies/article/3121964/warren-buffets-berkshire-trims-stake-apple-quietly-builds?utm_source=rss_feed https://www.scmp.com/business/companies/article/3121964/warren-buffets-berkshire-trims-stake-apple-quietly-builds?utm_source=rss_feed Wed, 17 Feb 2021 02:04:42 +0000 Carson Block, the activist short-seller famous for targeting Chinese frauds, recognises familiar behaviour in the rally of shares such as GameStop. To him, the parabolic moves look less like the product of Reddit-driven retail orders than a short squeeze by hedge funds targeting other hedge funds. “I’ve wondered, is there coordination with these hedge funds?” Block said in an interview on Bloomberg Television. “What constitutes coordination? Did they cross the line? That could be... https://www.scmp.com/business/companies/article/3120144/reddit-vs-wall-street-battle-muddy-waters-sees-smokescreen?utm_source=rss_feed https://www.scmp.com/business/companies/article/3120144/reddit-vs-wall-street-battle-muddy-waters-sees-smokescreen?utm_source=rss_feed Tue, 02 Feb 2021 02:24:59 +0000 Karen Kong has not got a restful night’s sleep in the past half a year, after learning that her mother invested all of the family’s savings – more than 1 million yuan (US$153,000) – in a little known peer-to-peer (P2P) lending platform. Worries soon turned into anger and despair as the Beijing-based Jieyue United made its way onto the Chinese government’s liquidation list, and the chance of getting their money back appears to be dwindling. “No one can give us a clear timetable for the... https://www.scmp.com/economy/china-economy/article/3115580/chinas-p2p-purge-leaves-millions-victims-out-cold-losses?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3115580/chinas-p2p-purge-leaves-millions-victims-out-cold-losses?utm_source=rss_feed Mon, 28 Dec 2020 22:30:16 +0000 Hong Kong’s inflation-protected bonds for senior citizens have received an overwhelming response after the government promised to pay the highest coupon on the securities since they were first introduced to retail investors in 2016. The three-year bonds will pay the higher of 3.5 per cent or the average consumer-price inflation, a sweetener for residents in an economy facing its worst slump in economic activity and employment. The annual coupon is seven times more than the average rate on time... https://www.scmp.com/business/money/article/3113640/hong-kongs-silver-bonds-lure-senior-citizens-government-promises-pay?utm_source=rss_feed https://www.scmp.com/business/money/article/3113640/hong-kongs-silver-bonds-lure-senior-citizens-government-promises-pay?utm_source=rss_feed Fri, 11 Dec 2020 12:26:25 +0000 Ray Dalio’s Bridgewater Associates is doing far better in China than in the rest of the world. The US$148 billion money manager raised about 900 million yuan (US$136 million) for its second China fund in September, doubling assets, according to people familiar with the matter. Investors were partly drawn to its All Weather China strategy fund that boasted an annualised return of about 22 per cent for the 22 months from inception to the end of July they said, declining to be identified discussing... https://www.scmp.com/business/companies/article/3109199/worlds-largest-hedge-fund-doing-far-better-china-elsewhere?utm_source=rss_feed https://www.scmp.com/business/companies/article/3109199/worlds-largest-hedge-fund-doing-far-better-china-elsewhere?utm_source=rss_feed Tue, 10 Nov 2020 06:35:36 +0000 Hong Kong’s latest offering of inflation-linked bonds has been subscribed 3.9 times, attracting HK$38.9 billion (US$5 billion) in funds from investors enticed by their 2 per cent guaranteed return rate. The strong response, which follows the suspension of Ant Group’s highly-anticipated blockbuster initial public offering this week, makes the current batch the third most popular in history. The bonds attracted HK$49.8 billion in overall principal value in 2012 and HK$39.6 billion in 2013. The... https://www.scmp.com/business/money/markets-investing/article/3108665/hong-kongs-latest-inflation-linked-bonds-are?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/3108665/hong-kongs-latest-inflation-linked-bonds-are?utm_source=rss_feed Thu, 05 Nov 2020 13:43:51 +0000 Ant Group’s unexpected and abrupt delay in its blockbuster initial public offering (IPO) has cast a pall over the fate of five Chinese mutual funds that otherwise would find themselves sitting on one of the biggest bonanzas of global finance. China Universal Asset Management, China Asset Management and three other mutual funds allocated 10 per cent of the 60 billion yuan (US$8.9 billion) they raised in September towards buying yuan-denominated A-shares of Ant Group in Shanghai’s Star Market.... https://www.scmp.com/business/markets/article/3108410/ant-groups-ipo-delay-leaves-five-mutual-funds-us9-billion-limbo?utm_source=rss_feed https://www.scmp.com/business/markets/article/3108410/ant-groups-ipo-delay-leaves-five-mutual-funds-us9-billion-limbo?utm_source=rss_feed Wed, 04 Nov 2020 09:00:10 +0000 The first sale in four years of Hong Kong’s inflation-linked bonds got off to an encouraging start on Friday, as investors sought refuge in government-guaranteed returns in an environment of declining interest rates. Investors shrugged off new risks surrounding the latest iteration of the so-called iBonds, including a decline in Hong Kong’s sovereign credit rating as a result of two years of the US-China trade war and months of anti-government protests last year. The returns are especially... https://www.scmp.com/business/markets/article/3106863/latest-round-hong-kong-ibonds-encouraging-start-bochk-reports-65?utm_source=rss_feed https://www.scmp.com/business/markets/article/3106863/latest-round-hong-kong-ibonds-encouraging-start-bochk-reports-65?utm_source=rss_feed Fri, 23 Oct 2020 11:40:37 +0000 Hong Kong’s plan to sell new inflation-linked bonds after a four-year hiatus is expected to attract the same strong response like in the previous six offerings. This time, the economic conditions and risks surrounding the impending sale are different and worth noting, analysts said. For one, the government is selling the retail notes at a time when its credit ratings have suffered through a bitter US-China trade war and anti-government protests over the past two years. For another, consumer... https://www.scmp.com/business/markets/article/3105050/hong-kongs-old-playbook-inflation-bonds-encounters-new-risk?utm_source=rss_feed https://www.scmp.com/business/markets/article/3105050/hong-kongs-old-playbook-inflation-bonds-encounters-new-risk?utm_source=rss_feed Sun, 11 Oct 2020 23:30:07 +0000 When I heard from a friend of mine who is relocating his hedge fund that office rents in Central Hong Kong were down 25-30 per cent this year, and from another that mid-level rents were tumbling, I started to wonder if we are seeing what is referred to as a “doughnut effect” impacting Hong Kong. A doughnut effect refers to a hollowing out of the city centre as people and businesses move to the outskirts. This can have a long-term effect on property prices. I have seen this before, but on a much... https://www.scmp.com/week-asia/opinion/article/3104857/jammy-investors-hong-kong-property-feeling-japans-doughnut-effect?utm_source=rss_feed https://www.scmp.com/week-asia/opinion/article/3104857/jammy-investors-hong-kong-property-feeling-japans-doughnut-effect?utm_source=rss_feed Sun, 11 Oct 2020 23:00:18 +0000 The Motley Fool, one of the biggest stock investment advice websites in the US, announced it will exit the Hong Kong market, citing an uncertain outlook in the wake of political events such as the national security law and escalating US-China tensions. The company, which provides free and paid content to millions of individual investors worldwide, decided to close its outpost in Hong Kong after two years of operation. It follows its exit from the Singaporean market over regulatory issues in... https://www.scmp.com/business/markets/article/3104549/motley-fool-one-most-popular-stock-investment-advice-websites-us?utm_source=rss_feed https://www.scmp.com/business/markets/article/3104549/motley-fool-one-most-popular-stock-investment-advice-websites-us?utm_source=rss_feed Wed, 07 Oct 2020 12:00:16 +0000 Fancy owning your own gold bars that you can admire and take selfies with? With the coronavirus pandemic fuelling demand for safe-haven assets for investors to park their cash, a Singapore exchange is offering small-time investors what it says is an easier way to get their hands on the precious metal. The Singapore Precious Metals Exchange is seeking to do away with the notion trading in bullion is only for professional investors or the super-rich, by offering small amounts for reasonable... https://www.scmp.com/news/asia/southeast-asia/article/3102142/gold-app-singapore-exchange-offers-everyone-chance-own?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3102142/gold-app-singapore-exchange-offers-everyone-chance-own?utm_source=rss_feed Fri, 18 Sep 2020 10:50:07 +0000 Hong Kong’s securities watchdog has approved the listing of two exchange-traded funds (ETFs) that will invest in ETFs listed on the mainland, as part of efforts to expand investors’ choices of financial products on both sides of the border. The pair will each invest 90 per cent or more of their assets in an ETF approved by the China Securities Regulatory Commission, currently listed in the Shenzhen Stock Exchange and tradable by certain qualified foreign institutional investors. The move... https://www.scmp.com/business/banking-finance/article/3099354/hong-kong-investors-get-greater-choice-exchange-traded?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3099354/hong-kong-investors-get-greater-choice-exchange-traded?utm_source=rss_feed Sat, 29 Aug 2020 01:00:22 +0000 Bloomberg Bloomberg Rich hedge fund managers are talking about it. So are not-so-rich millennials. And fast-twitch gamers, and bored sports fans and – in all likelihood – some 15-year-olds you know. The “it” is Robinhood Financial’s trading app, which is throwing jet fuel on the speculative fires of coronavirus-era equity markets. Not since the dot-com mania of the 1990s, when starry-eyed day traders dreamed of online riches, has a brokerage platform drawn such a frenzied following. Sceptics warn the hype could set... https://www.scmp.com/business/banking-finance/article/3089911/robinhoods-stuck-home-millennial-day-traders-ignore-danger?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3089911/robinhoods-stuck-home-millennial-day-traders-ignore-danger?utm_source=rss_feed Sat, 20 Jun 2020 06:13:16 +0000 Bloomberg Bloomberg Goldman Sachs just forged a lot of new enemies – in the cryptocurrency world. Buzz that Goldman would release a report discussing the state of the economy as well as gold and cryptocurrencies set enthusiasts ablaze, with many hoping the bank would finally put its weight behind digital tokens. But Goldman disappointed and upset many once details of its report were brought to light, with the bank blasting bitcoin and other coins as unsuitable investments for its clients. “We do not recommend... https://www.scmp.com/business/banking-finance/article/3086432/bitcoiners-go-wild-after-goldman-defies-expectations?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3086432/bitcoiners-go-wild-after-goldman-defies-expectations?utm_source=rss_feed Thu, 28 May 2020 02:44:49 +0000 Before the coronavirus sent stock markets tumbling at the fastest pace since the 2008 financial crisis, Dymon Asia Capital (Singapore) sensed trouble. The hedge fund firm was combining information on past outbreaks with a raft of so-called alternative data, including Google searches in the US and daily readings from China on everything from road congestion to flight schedules and test-kit availability. The numbers convinced Dymon to take short positions against the S&P 500 and an index of... https://www.scmp.com/business/companies/article/3078418/hedge-funds-profitable-big-short-shows-why-demand-surging-use?utm_source=rss_feed https://www.scmp.com/business/companies/article/3078418/hedge-funds-profitable-big-short-shows-why-demand-surging-use?utm_source=rss_feed Sat, 04 Apr 2020 03:21:16 +0000 Hong Kong’s art dealers experimenting with digital marketing say the move is starting to pay dividends, even as the Covid-19 pandemic and last year’s social unrest continue to plague the local market. Macey and Sons, an auctioneer and valuer, has seen an uplift in business after it started using virtual marketing in December. “We do a lot of FaceTime with clients,” said founder Jonathan Macey. “You can sit in your house and the gallery comes to you.” He added that all the galleries in Hong Kong... https://www.scmp.com/business/money/article/3075087/hong-kong-art-dealers-decimated-months-protests-and-coronavirus-turn?utm_source=rss_feed https://www.scmp.com/business/money/article/3075087/hong-kong-art-dealers-decimated-months-protests-and-coronavirus-turn?utm_source=rss_feed Sun, 15 Mar 2020 04:30:12 +0000 Stock traders in Hong Kong and mainland China may have found the answer for overcoming the market jitters caused by the coronavirus jitters – by lightening up their holdings on Fridays to skirt potential headline shocks on weekends. Dialling back risk appetite before the weekend appears to have some traction, going by trading patterns this year. The MSCI All Countries World Index has posted declines in five of the seven Fridays, after the killing of an Iranian top general on January 3. Investors... https://www.scmp.com/business/china-business/article/3051598/sell-friday-china-stock-traders-hedge-against-coronavirus?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3051598/sell-friday-china-stock-traders-hedge-against-coronavirus?utm_source=rss_feed Thu, 20 Feb 2020 23:30:08 +0000 Betting on the gulf in performance between shares of two Chinese internet giants has been a slam-dunk trade this year – and it may have further to run. Investors who have adopted a pair trade strategy to short Tencent Holdings while taking a long position in Alibaba Group Holding could have made as much as 29 per cent this year excluding dividends and execution costs, with the trade set for its best annual return in five years. The tactic turned more profitable in October, after Hong Kong-listed... https://www.scmp.com/business/money/stock-talk/article/3035319/shorting-tencent-long-view-alibaba-returns-wily-trader-29?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/3035319/shorting-tencent-long-view-alibaba-returns-wily-trader-29?utm_source=rss_feed Tue, 29 Oct 2019 06:44:17 +0000 Carrying a reusable coffee cup, saying no to plastic straws and excising meat from your diet are admirable lifestyle tweaks but few things put your money where your mouth is like investing in sustainable businesses. The upcoming “Impact Investing 101” seminar in Causeway Bay will teach you to do just that, demystifying finance-world jargon and offering a blueprint for how to “align your own personal investments with your sustainability mindset while making above-average returns”. There was a... https://www.scmp.com/magazines/post-magazine/short-reads/article/3034552/impact-investing-101-hongkongers-learn-how-put?utm_source=rss_feed https://www.scmp.com/magazines/post-magazine/short-reads/article/3034552/impact-investing-101-hongkongers-learn-how-put?utm_source=rss_feed Mon, 28 Oct 2019 03:00:08 +0000 The Hang Seng Index, the world’s third-biggest loser in the past six months, stands to recover its lost ground if Hong Kong can put a quick end to the four months of street protests that are pushing the city’s economy into recession, according to research by Morningstar. “The question is how quickly the government can reinstate confidence,” said Morningstar’s equity research analysts Philip Zhong and Michael Wu, in an emailed report. “We believe that confidence can return quickly, and a V-shaped... https://www.scmp.com/business/companies/article/3033147/hazard-investments-here-are-10-stocks-buy-if-and-when-hong-kongs?utm_source=rss_feed https://www.scmp.com/business/companies/article/3033147/hazard-investments-here-are-10-stocks-buy-if-and-when-hong-kongs?utm_source=rss_feed Wed, 16 Oct 2019 05:28:04 +0000 The world could be moving to a bifurcated economic system centred around the United States and China – including separate capital markets – within the next decade, according to Yves Bonzon, the chief investment officer of Swiss private bank Julius Baer. The Trump administration has reportedly been discussing limiting financial investments between the two countries and a potential delisting of Chinese companies on US stock exchanges until Beijing agrees to reforms, a concept raised by former... https://www.scmp.com/business/companies/article/3032290/how-must-savvy-investor-prepare-if-world-turns-bipolar-and?utm_source=rss_feed https://www.scmp.com/business/companies/article/3032290/how-must-savvy-investor-prepare-if-world-turns-bipolar-and?utm_source=rss_feed Thu, 10 Oct 2019 09:00:07 +0000 Emily Lam-Ho started backing female entrepreneurs after meeting too many not getting their deserved funding because of a lack of women on investment boards. “I’ve met a lot of brilliant women all over the world creating, building, leading important businesses, but unfortunately not receiving the funding they should. This is why I wanted to level the playing field,” said Lam-Ho, the chief executive officer of Empact28, which specialises in funding women-led projects globally, and others with a... https://www.scmp.com/business/companies/article/3032167/hong-kongs-start-scene-still-mans-world-even-if-city-tops-global?utm_source=rss_feed https://www.scmp.com/business/companies/article/3032167/hong-kongs-start-scene-still-mans-world-even-if-city-tops-global?utm_source=rss_feed Thu, 10 Oct 2019 00:00:10 +0000 The 411: cryptocurrencies are a kind of digital money. So often, investing and finance is seen as being the realm of experienced Wall Street veterans. But when it comes to this newer form of finance, younger people are leading the charge. We spoke to 17-year-old former cryptocurrency investor Patrick Cho, and Maxine Ryan, the co-founder of money transfer platform Bitspark, to find out why young people are so hooked on the idea of digital currencies. Patrick first broke into the cryptocurrency... https://www.scmp.com/better-life/money/article/3027327/beginners-guide-cryptocurrency-bitcoin-and-blockchain-and-how-you?utm_source=rss_feed https://www.scmp.com/better-life/money/article/3027327/beginners-guide-cryptocurrency-bitcoin-and-blockchain-and-how-you?utm_source=rss_feed Mon, 30 Sep 2019 02:56:40 +0000 Just got your first bonus? Congrats! You've worked hard for it. Being flush with cash feels great. Now what? Well, first, do treat yourself a bit. Those bills are just some high production value paper if you do not spend them. But don’t blow all of it away; future-you will be thankful for the money you save and invest today. You may have heard about "interest rates" in the news. Interest is what banks pay you for depositing your money, which they then lend to other people for a higher interest... https://www.scmp.com/better-life/money/article/3027326/how-invest-stock-market-guide-beginners-little-cash-spare?utm_source=rss_feed https://www.scmp.com/better-life/money/article/3027326/how-invest-stock-market-guide-beginners-little-cash-spare?utm_source=rss_feed Mon, 30 Sep 2019 02:17:57 +0000