https://www.scmp.com/rss/517802/feed The latest news, analysis and opinion on BlackRock. In-depth analysis, industry insights and expert opinion. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Julie Zhang Julie Zhang Shares of METiS TechBio surged 173 per cent on their Hong Kong debut on Wednesday as the AI-driven drug design start-up’s initial public offering drew strong demand from investors amid buoyant sentiment for AI-related stocks in the city. Its stocks traded at HK$28.68 at the open, climbing as high as HK$29.6 in the morning trading session before retreating to HK$23.8 at the close, up 126.67 per cent from the offering price. Co-founder and CEO of METiS TechBio, Lai Tsai-Ta, who obtained a PhD from... https://www.scmp.com/business/banking-finance/article/3353341/hong-kong-biotech-firm-uses-ai-produce-nano-rockets-deliver-life-saving-drugs?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3353341/hong-kong-biotech-firm-uses-ai-produce-nano-rockets-deliver-life-saving-drugs?utm_source=rss_feed Wed, 13 May 2026 01:30:13 +0000 Teresa Elena Frontado Teresa Elena Frontado China aimed to cooperate with Washington in the spirit of “equality, respect and mutual benefit”, Beijing said on Wednesday ahead of US President Donald Trump’s state visit and a pivotal summit with Chinese President Xi Jinping. Chinese foreign ministry spokesman Guo Jiakun said the two leaders would hold “in-depth exchanges of views on major issues concerning China-US relations as well as world peace and development”. “China stands ready to work with the United States in the spirit of equality,... https://www.scmp.com/news/china/diplomacy/article/3353332/trump-heads-beijing-seeking-stability-high-stakes-xi-talks?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3353332/trump-heads-beijing-seeking-stability-high-stakes-xi-talks?utm_source=rss_feed Tue, 12 May 2026 18:49:54 +0000 Kandy Wong,Ji Siqi,Ralph Jennings Kandy Wong,Ji Siqi,Ralph Jennings Beyond high-profile names like Apple’s Tim Cook, a number of lesser-known CEOs joining US President Donald Trump on his trip to China this week represent industries caught in the crossfire of the trade war, analysts said, and are expected to push for deeper engagement rather than risk becoming a “geopolitical football”. Seventeen American CEOs have been invited in total, according to a list released by the White House on Monday – a smaller business delegation than in 2017, when 27 high-profile... https://www.scmp.com/economy/global-economy/article/3353312/trumps-cadre-ceos-hunts-wins-china-soybeans-semiconductors?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3353312/trumps-cadre-ceos-hunts-wins-china-soybeans-semiconductors?utm_source=rss_feed Tue, 12 May 2026 13:34:22 +0000 William Zheng William Zheng US business leaders accompanying President Donald Trump on his state visit to Beijing will be given the opportunity to mingle with their Chinese counterparts at an exclusive international business club, according to sources. On Monday, the White House released a list naming dozens of business chiefs accompanying Trump, including high-profile figures such as Tesla chief executive Elon Musk and Apple’s Tim Cook. Two sources familiar with the arrangement said the Capital Club Beijing had been... https://www.scmp.com/news/china/diplomacy/article/3353283/trump-visit-opens-door-casual-networking-between-us-and-chinese-business-chiefs?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3353283/trump-visit-opens-door-casual-networking-between-us-and-chinese-business-chiefs?utm_source=rss_feed Tue, 12 May 2026 10:02:46 +0000 Lucy Quaggin Lucy Quaggin US President Donald Trump is expected to be accompanied by more than a dozen business leaders, including Tesla Chief Executive Elon Musk and Tim Cook of Apple, during his trip to China this week. The White House on Monday released the list of executives set to travel to China alongside Musk and Cook, including Larry Fink of BlackRock, Kelly Ortberg of Boeing, Dina Powell McCormick of Meta and Ryan McInerney of Visa. The delegation spans key industries, including aviation, technology, banking and... https://www.scmp.com/news/china/article/3353199/trump-heads-china-musk-cook-and-top-ceos-xi-talks?utm_source=rss_feed https://www.scmp.com/news/china/article/3353199/trump-heads-china-musk-cook-and-top-ceos-xi-talks?utm_source=rss_feed Mon, 11 May 2026 21:49:13 +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 Zhang Shidong Zhang Shidong Investors are betting on a diplomatic solution to end the US-Israel war on Iran, even after peace talks fell apart over the weekend. Initial fears about an escalation of the war after the US naval blockade of the Strait of Hormuz quickly faded, with US equities staging a dramatic comeback on Monday, erasing nearly all of the losses incurred by the S&P 500 index since the start of the conflict. Asian stocks followed suit on Tuesday, with key equity benchmarks from Japan to Hong Kong rebounding to... https://www.scmp.com/business/china-business/article/3350021/stocks-regain-most-their-us-iran-war-losses-amid-hopes-diplomacy-will-prevail?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350021/stocks-regain-most-their-us-iran-war-losses-amid-hopes-diplomacy-will-prevail?utm_source=rss_feed Tue, 14 Apr 2026 08:01:01 +0000 Edith Lin Edith Lin The head of Hong Kong’s government investment agency has been appointed as a director of a global organisation that brings together leading firms and investors, marking the first time a Chinese sovereign wealth fund has held a seat on the board. FCLTGlobal announced on Wednesday that Clara Chan Ka-chai, CEO of the Hong Kong Investment Corporation (HKIC), had become one of the 19 directors on its board. “Clara brings deep experience and thoughtful leadership that will strengthen our work to... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3348690/hong-kong-investment-chief-joins-global-board-first-chinese-sovereign-funds?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3348690/hong-kong-investment-chief-joins-global-board-first-chinese-sovereign-funds?utm_source=rss_feed Wed, 01 Apr 2026 12:00:25 +0000 Kevin Li Kevin Li Hong Kong conglomerate CK Hutchison has said it will pursue “all available legal remedies” through both national and international proceedings to resolve a dispute over its two Panama Canal ports seized by authorities in February. Amid the widening conflict in the Middle East which could further complicate its multibillion-dollar global ports sale, the company downplayed the possible impact of a Strait of Hormuz blockade on its business, saying its diversified network could even benefit from... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347206/ck-hutchison-vows-pursue-all-legal-remedies-over-seized-panama-ports?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347206/ck-hutchison-vows-pursue-all-legal-remedies-over-seized-panama-ports?utm_source=rss_feed Thu, 19 Mar 2026 14:02:41 +0000 Emily Hung,Oscar Liu Emily Hung,Oscar Liu The Panamanian government has asked Chinese shipping giant Cosco to reconsider its decision to suspend operations at the Balboa port amid geopolitical tensions surrounding the strategic gateway and Hong Kong’s CK Hutchison Holdings. Panama’s Minister for Canal Affairs Jose Ramon Icaza told reporters on Friday that Cosco’s decision had caught the government off guard. “The Cosco issue has actually taken us a bit by surprise. All cargo is important, and certainly, Cosco cargo is important for us,... https://www.scmp.com/news/hong-kong/politics/article/3346674/panama-urges-chinese-shipping-giant-cosco-resume-operations-canal?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3346674/panama-urges-chinese-shipping-giant-cosco-resume-operations-canal?utm_source=rss_feed Sun, 15 Mar 2026 12:58:48 +0000 Julie Zhang Julie Zhang Mainland Chinese investors can now buy shares in more than a dozen newly added Hong Kong-listed biotech and pharmaceutical companies after a reshuffle of the Stock Connect southbound trading list took effect on Monday, reflecting the sector’s growing role on the international stage. Foreign capital, however, remained cautious, analysts said. “Mainland buyers have been the main force behind the latest healthcare rally. They tend to chase smaller-cap names where a tight free float makes it easier... https://www.scmp.com/business/china-business/article/3346016/china-investors-energise-hong-kong-biotech-stocks-foreign-money-missing-out?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346016/china-investors-energise-hong-kong-biotech-stocks-foreign-money-missing-out?utm_source=rss_feed Mon, 09 Mar 2026 23:30:07 +0000 Connor Mycroft Connor Mycroft A subsidiary of Hong Kong conglomerate CK Hutchison Holdings is seeking US$2 billion in damages from the Panamanian government over what it described as the “illegal takeover” of the operations of two ports at either end of the strategic canal. In a statement issued on Friday, the Panama Ports Company (PPC) said it had submitted the claim for arbitration against the country under the rules of the International Chamber of Commerce, vowing it would not “relent” or seek “token relief” for the... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3345828/ck-hutchison-subsidiary-seeks-us2-billion-panamas-takeover-canal-ports?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3345828/ck-hutchison-subsidiary-seeks-us2-billion-panamas-takeover-canal-ports?utm_source=rss_feed Sat, 07 Mar 2026 13:14:45 +0000 Peggy Ye Peggy Ye The Taiwan Stock Exchange has become increasingly tied to American capital, as the global artificial intelligence boom drew a record amount of US investments into the island’s semiconductor-heavy equity market. US investors currently hold a record US$668 billion worth of Taiwan equities – about 23 per cent of the exchange’s total market capitalisation – after funnelling roughly US$12 billion into the market in 2025, according to BNP Paribas, citing data from Treasury International Capital – a... https://www.scmp.com/business/markets/article/3345307/us-investors-drive-record-outlay-taiwans-equities-market-back-ai-boom?utm_source=rss_feed https://www.scmp.com/business/markets/article/3345307/us-investors-drive-record-outlay-taiwans-equities-market-back-ai-boom?utm_source=rss_feed Tue, 03 Mar 2026 22:30:08 +0000 Harvey Kong Harvey Kong A subsidiary of Hong Kong conglomerate CK Hutchison Holdings has accused Panamanian authorities of undermining due process by making an “unnotified intrusion” at a facility storing materials related to ongoing legal proceedings. The Panama Ports Company (PPC) on Friday accused the country’s government of creating a crisis, calling the “illegal takeover” of two port facilities at the Panama Canal a failure to comply with “constitutional, contractual and international obligations”. The former... https://www.scmp.com/news/hong-kong/politics/article/3344983/ck-hutchison-subsidiary-slams-panama-over-unnotified-intrusion-storage-site?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3344983/ck-hutchison-subsidiary-slams-panama-over-unnotified-intrusion-storage-site?utm_source=rss_feed Sat, 28 Feb 2026 11:29:00 +0000 Julie Zhang,Yulu Ao Julie Zhang,Yulu Ao Until last year, Fidelity International’s most significant cornerstone commitments on the Hong Kong initial public offering (IPO) market dated back to 2021, when Chinese short-video platform Kuaishou Technology raised US$5.4 billion and healthcare firm Medlive Technology completed a US$543.4 million listing. Then for the next four years, the asset manager went quiet. Late last year it returned to Chinese assets in force. It backed gold miner Zijin Gold International’s US$3.2 billion listing in... https://www.scmp.com/business/banking-finance/article/3344890/big-cornerstone-comeback-whats-driving-investors-back-hong-kong-ipos?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3344890/big-cornerstone-comeback-whats-driving-investors-back-hong-kong-ipos?utm_source=rss_feed Sat, 28 Feb 2026 02:00:57 +0000 Connor Mycroft Connor Mycroft Hong Kong’s CK Hutchison Holdings has condemned the uninvited takeover of its Panama ports by the country’s authorities, calling it unlawful and the “culmination of a campaign” against its subsidiary that operated the terminals. The conglomerate, led by Hong Kong tycoon Li Ka-shing’s family, made the remarks on Tuesday, a day after the Panama Maritime Authority acted on a presidential decree allowing it to take over and operate the Balboa and Cristobal ports at either end of the Panama Canal for... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3344418/panamas-port-takeover-culmination-campaign-against-ck-hutchison?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3344418/panamas-port-takeover-culmination-campaign-against-ck-hutchison?utm_source=rss_feed Tue, 24 Feb 2026 05:41:30 +0000 Igor Patrick,Teresa Elena Frontado Igor Patrick,Teresa Elena Frontado Panama on Monday took control of two ports at the Atlantic and Pacific entrances of the Panama Canal after a Supreme Court ruling voided the concession of their Hong Kong-based operator, a move Washington officials said was “in line with President Donald Trump’s drive to curb Chinese influence” over the strategic waterway. A decree published in the official gazette authorises the Panama Maritime Authority to occupy and run the ports of Balboa and Cristobal for “reasons of urgent social... https://www.scmp.com/news/hong-kong/article/3344379/panama-orders-control-canal-ports-operated-hong-kong-firm-after-supreme-court-ruling?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/3344379/panama-orders-control-canal-ports-operated-hong-kong-firm-after-supreme-court-ruling?utm_source=rss_feed Mon, 23 Feb 2026 16:45:03 +0000 Cheryl Arcibal Cheryl Arcibal Tycoon Li Ka-shing has added more than US$6 billion to his net worth, boosting his standing as Hong Kong’s richest individual and contributing to a US$65 billion increase in the assets of the city’s 50 richest people, according to Forbes. Li, whose business interests span real estate, infrastructure and pharmaceuticals via companies such as CK Asset Holdings and CK Hutchison, had a net worth of US$45.1 billion this year, up from US$38.9 billion in 2025, according to a list compiled by the... https://www.scmp.com/business/companies/article/3343353/superman-li-ka-shing-tops-hong-kongs-billionaire-list-us451-billion-forbes?utm_source=rss_feed https://www.scmp.com/business/companies/article/3343353/superman-li-ka-shing-tops-hong-kongs-billionaire-list-us451-billion-forbes?utm_source=rss_feed Thu, 12 Feb 2026 11:52:11 +0000 Mandy Zuo Mandy Zuo As the global financial landscape shifts and policy uncertainty grows in the United States, China is likely to emerge as an increasingly attractive destination for foreign investors seeking to diversify away from dollar-denominated assets, according to a veteran Singaporean investor. US President Donald Trump’s push for a weaker dollar, together with recent volatility in gold, silver and cryptocurrencies, has prompted a reassessment of traditional safe havens, positioning China as a potential... https://www.scmp.com/economy/china-economy/article/3343187/trump-factor-why-china-may-benefit-investors-diversify-us-dollar-assets?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3343187/trump-factor-why-china-may-benefit-investors-diversify-us-dollar-assets?utm_source=rss_feed Thu, 12 Feb 2026 02:00:14 +0000 Connor Mycroft Connor Mycroft In 1994, Deepmala Kharel Dhakal’s mother competed in the first Miss Nepal beauty pageant. Thirty-two years later, the Nepali-Hongkonger is preparing to follow in her footsteps. The 23-year-old was crowned Miss Nepal Hong Kong International on Thursday. Victory at the event guarantees entrance into the national competition later this year. Born and raised in Hong Kong, Kharel Dhakal has an impressive resume. She landed a job as an investment strategist with BlackRock after graduating from the... https://www.scmp.com/news/hong-kong/society/article/3342770/hong-kongs-miss-nepal-hopeful-follows-mothers-pageant-footsteps-32-years?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3342770/hong-kongs-miss-nepal-hopeful-follows-mothers-pageant-footsteps-32-years?utm_source=rss_feed Sun, 08 Feb 2026 04:00:09 +0000 Bryan Luk,Leonard Luk Bryan Luk,Leonard Luk If the years 2020 to 2025 were defined by the artificial intelligence (AI) revolution – a period where algorithms helped create tech titans such as Nvidia, OpenAI and Oracle – then 2026 represents a far more exciting and expansive paradigm shift. We are now pivoting from the digitisation of the Earth to the capitalisation and domination of low-orbit space. The golden age of the space economy has arrived, signalled by last month’s announcement that SpaceX is preparing for a June initial public... https://www.scmp.com/opinion/china-opinion/article/3342254/us-china-orbital-arms-race-forging-trillion-dollar-space-economy?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3342254/us-china-orbital-arms-race-forging-trillion-dollar-space-economy?utm_source=rss_feed Fri, 06 Feb 2026 01:30:09 +0000 Themis Qi Themis Qi China’s energy-drinks giant Eastroc Beverage neither rose nor fell in its debut in Hong Kong on Tuesday amid investor caution following regulatory scrutiny of poor-quality listing applications. Shares of the Shenzhen-based company, which makes an alternative to Red Bull, opened at HK$248, matching the offer price. They ended the day 1.5 per cent higher at HK$251.80. Eastroc raised HK$10.14 billion (US$1.3 billion) by issuing 40.89 million shares, the largest initial public offering (IPO) in the... https://www.scmp.com/business/banking-finance/article/3342164/chinas-top-energy-drinks-maker-eastroc-matches-offer-price-hong-kong-debut?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3342164/chinas-top-energy-drinks-maker-eastroc-matches-offer-price-hong-kong-debut?utm_source=rss_feed Tue, 03 Feb 2026 01:37:55 +0000 Connor Mycroft Connor Mycroft Hong Kong-based CK Hutchison Holdings is expected to move forward with selling its remaining port assets, despite Panama’s Supreme Court nullifying its contract for two terminals at either end of the country’s geostrategically vital canal, according to experts. But the effort by billionaire Li Ka-shing’s conglomerate to offload the rest of its ports would still face scrutiny from Beijing and local authorities, and the overall deal might need to be re-evaluated, experts told the South China... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3341950/ck-hutchison-tipped-sell-remaining-ports-despite-panama-court-ruling-experts?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3341950/ck-hutchison-tipped-sell-remaining-ports-despite-panama-court-ruling-experts?utm_source=rss_feed Sat, 31 Jan 2026 13:00:08 +0000 Mia Nurmamat Mia Nurmamat Since returning to the White House a year ago, US President Donald Trump has stepped up pressure on the Federal Reserve. With the term of the current Federal Reserve chair, Jerome Powell, set to end in May, Trump said he would announce his pick to replace Powell on Friday. Speculation has intensified on prediction markets. On Polymarket and Kalshi, betting volumes on the question “Who will Trump nominate as Fed chair?” had respectively reached about US$294.24 million and US$81.61 million by... https://www.scmp.com/economy/global-economy/article/3341813/trumps-fed-pick-new-clear-favourite-emerges-chair-race-succeed-powell?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3341813/trumps-fed-pick-new-clear-favourite-emerges-chair-race-succeed-powell?utm_source=rss_feed Fri, 30 Jan 2026 08:30:19 +0000 Aileen Chuang Aileen Chuang Chinese energy-drinks maker Eastroc Beverage has kicked off a Hong Kong initial public offering (IPO) to raise up to HK$10.1 billion (US$1.3 billion), making it the city’s largest listing this year that has already seen a dozen companies raise more than US$4.5 billion. The Shanghai-listed firm was offering 40.9 million shares at a maximum price of HK$248 each, according to its prospectus filed to the Hong Kong stock exchange on Monday. At this price, the firm would be valued at around US$21... https://www.scmp.com/business/banking-finance/article/3341216/chinese-drinks-maker-eastrocs-us13-billion-hong-kong-ipo-gives-it-wings-soar?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3341216/chinese-drinks-maker-eastrocs-us13-billion-hong-kong-ipo-gives-it-wings-soar?utm_source=rss_feed Mon, 26 Jan 2026 05:47:52 +0000 Agence France-Presse Agence France-Presse US President Donald Trump stole the show at the World Economic Forum in Davos, but he may have also made the annual gabfest of the global elite relevant again – at least for a week. The relevance of the gathering of CEOs and political leaders in the Swiss Alps is regularly questioned by critics who deride it as an out-of-touch echo chamber where little gets done. But all eyes were on this year’s Davos as Trump barrelled into town with a geopolitical storm hanging over the picturesque ski resort,... https://www.scmp.com/news/world/europe/article/3341046/how-trump-stole-show-davos-and-revived-wef-never-been-more-relevant?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3341046/how-trump-stole-show-davos-and-revived-wef-never-been-more-relevant?utm_source=rss_feed Fri, 23 Jan 2026 12:42:10 +0000 Xiaofei Xu Xiaofei Xu The economic benefits of China’s abundant and cheap supply of electricity were recognised by US tech billionaire Elon Musk and other speakers at the World Economic Forum in Davos, Switzerland, on Thursday. As the United States and the European Union contemplate how to catch up, Tesla CEO Musk said the artificial intelligence (AI) industry was facing an energy bottleneck around the globe – with AI chips being produced rapidly and electricity output struggling to keep up – apart from the notable... https://www.scmp.com/economy/china-economy/article/3340968/davos-debut-musk-highlights-key-china-advantage-ai-race?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3340968/davos-debut-musk-highlights-key-china-advantage-ai-race?utm_source=rss_feed Fri, 23 Jan 2026 07:34:46 +0000 Julie Zhang Julie Zhang As Chinese biotech and pharmaceutical firms gain importance on the global stage, foreign investors from sovereign wealth funds to industry players are securing strategic stakes in their future success. International institutional investors have built up significant positions in Chinese biotech firms over the past decade. These positions often approach, and in some cases exceed, the 5 per cent disclosure threshold for substantial shareholders in Hong Kong. BlackRock, the world’s largest asset... https://www.scmp.com/business/china-business/article/3340801/revealed-global-funds-blackrock-temasek-back-chinas-largest-biotech-firms?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340801/revealed-global-funds-blackrock-temasek-back-chinas-largest-biotech-firms?utm_source=rss_feed Fri, 23 Jan 2026 00:30:09 +0000 Bloomberg Bloomberg Larry Fink, the interim co-chief of the World Economic Forum (WEF), is openly musing about a venue change for the flagship event that would take the annual January meeting outside Switzerland. “You should also see WEF start doing something new: showing up – and listening – in the places where the modern world is actually built,” he wrote on LinkedIn. “Davos, yes. But also places like Detroit and Dublin – and cities like Jakarta and Buenos Aires.” The Blackrock chief executive officer... https://www.scmp.com/news/world/united-states-canada/article/3340700/larry-fink-ponders-moving-world-economic-forum-davos?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3340700/larry-fink-ponders-moving-world-economic-forum-davos?utm_source=rss_feed Wed, 21 Jan 2026 09:54:52 +0000 Aileen Chuang Aileen Chuang Busy Ming Group, China’s largest snack and drink retailer, is seeking to raise up to HK$3.34 billion (US$428 million) in a Hong Kong initial public offering (IPO), testing investors’ appetite for consumer-oriented stocks. The firm, which focuses on a value model, planned to sell 14.1 million shares at HK$229.60 to HK$236.60, according to its prospectus filed with the Hong Kong stock exchange on Tuesday. The stock is expected to begin trading on January 28. Busy Ming owns two brands – Busy for... https://www.scmp.com/business/banking-finance/article/3340497/chinas-busy-ming-test-investor-appetite-consumer-plays-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3340497/chinas-busy-ming-test-investor-appetite-consumer-plays-hong-kong-ipo?utm_source=rss_feed Tue, 20 Jan 2026 03:55:03 +0000 Lam Ka-sing Lam Ka-sing Hong Kong conglomerate CK Hutchison’s US$22.8 billion global ports sale hung in the balance at the end of 2025, nearly 10 months after it was first announced, as a veteran political commentator said the most expensive terminal acquisition in history was unlikely to come to fruition amid geopolitical tensions. What began as a strategic exit for billionaire Li Ka-shing’s conglomerate devolved into a high-stakes geopolitical stand-off between Washington and Beijing over the control of global trade... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3338430/could-2026-be-make-or-break-year-ck-hutchisons-panama-ports-deal?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3338430/could-2026-be-make-or-break-year-ck-hutchisons-panama-ports-deal?utm_source=rss_feed Fri, 02 Jan 2026 02:15:08 +0000 SCMP Editorial SCMP Editorial Hong Kong’s initial public offering (IPO) market has ended a banner year with a big bang. Six new listings on the second last trading day marked a busy year that catapulted the city back to the world’s top spot for IPOs and made the Hang Seng Index one of the best stock performers. Led by US-based drug-discovery specialist Insilico Medicine, the six firms raised a total of HK$6.99 billion (US$899 million) while no fewer than 26 debutants started trading in December. The IPO market, as of... https://www.scmp.com/opinion/comment/article/3338251/hong-kongs-ipo-market-rings-2026-high-note?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3338251/hong-kongs-ipo-market-rings-2026-high-note?utm_source=rss_feed Wed, 31 Dec 2025 23:15:14 +0000 Bloomberg Bloomberg US President Donald Trump teased that he has a preferred candidate to be the next head of the Federal Reserve but is in no hurry to make an announcement while also musing that he might fire the central bank’s current leader, Jerome Powell. “I do, still do – hasn’t changed,” Trump said at a press conference on Monday, when asked if he has a favourite candidate. “I'll announce him at the right time. There’s plenty of time.” Trump added that Powell “should resign” and that he would “love to fire... https://www.scmp.com/news/world/united-states-canada/article/3338083/trump-says-he-still-might-fire-powell-federal-reserve-chief-teasing-preferred-pick?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3338083/trump-says-he-still-might-fire-powell-federal-reserve-chief-teasing-preferred-pick?utm_source=rss_feed Mon, 29 Dec 2025 23:38:50 +0000 Associated Press Associated Press Canada’s Prime Minister Mark Carney announced on Monday that financier Mark Wiseman will serve as Canada’s next ambassador to the United States, an appointment that comes at a critical time in relations between the two major trading partners. Wiseman will assume the role on February 15 and will be involved in negotiations with the United States regarding the review of their free trade agreement. “Mark Wiseman brings immense experience, contacts, and deep commitment at this crucial time of... https://www.scmp.com/news/world/united-states-canada/article/3337403/pm-mark-carney-names-financier-mark-wiseman-canadas-ambassador-us?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3337403/pm-mark-carney-names-financier-mark-wiseman-canadas-ambassador-us?utm_source=rss_feed Mon, 22 Dec 2025 23:46:43 +0000 Igor Patrick Igor Patrick The United States on Thursday underscored its maritime security partnership with Panama, as a high-stakes dispute involving China, US investors and a Hong Kong conglomerate continues to cloud the future ownership of key ports at the Panama Canal. US Ambassador Kevin Cabrera boarded the US Coast Guard cutter Alert during a port visit in Panama City, praising joint operations ranging from counter-narcotics missions to search-and-rescue efforts carried out with Panama’s Ministry of Public... https://www.scmp.com/news/china/article/3336974/us-highlights-panama-security-ties-china-linked-canal-ports-deal-stalls?utm_source=rss_feed https://www.scmp.com/news/china/article/3336974/us-highlights-panama-security-ties-china-linked-canal-ports-deal-stalls?utm_source=rss_feed Thu, 18 Dec 2025 20:59:58 +0000 Bloomberg Bloomberg President Volodymyr Zelensky has floated the prospect of allowing Ukrainians to vote on whether to hand the Donbas region to Russia as Kyiv comes under mounting pressure to agree to terms of an emerging US peace plan. Moscow has insisted that Ukraine withdraw its forces from the eastern territories, which include areas of the Donetsk and Luhansk regions that the Russian military has failed to capture in its nearly four-year invasion. Zelensky has engaged in talks over the latest peace proposal... https://www.scmp.com/news/world/russia-central-asia/article/3336128/ukraines-zelensky-floats-referendum-territory-us-pressure-mounts?utm_source=rss_feed https://www.scmp.com/news/world/russia-central-asia/article/3336128/ukraines-zelensky-floats-referendum-territory-us-pressure-mounts?utm_source=rss_feed Thu, 11 Dec 2025 18:11:42 +0000 Agence France-Presse Agence France-Presse Ukraine has sent Washington an updated plan for ending Russia’s invasion, Ukrainian officials said on Wednesday, as US President Donald Trump laid into European leaders in the latest sign of a growing transatlantic rift. A first US plan that involved Ukraine surrendering land that Russia has not captured was seen by Kyiv and its European allies as caving in to too many of Russia’s hardline demands, and has since been revised. A Ukrainian official briefed on the latest version said that it “takes... https://www.scmp.com/news/world/russia-central-asia/article/3335972/ukraine-sends-revised-peace-plan-us-amid-flurry-talks?utm_source=rss_feed https://www.scmp.com/news/world/russia-central-asia/article/3335972/ukraine-sends-revised-peace-plan-us-amid-flurry-talks?utm_source=rss_feed Wed, 10 Dec 2025 21:21:17 +0000 Bloomberg Bloomberg US Treasury Secretary Scott Bessent said that a key theme of his interviews for the next chair of the Federal Reserve has been simplifying the US central bank, which he indicated has become too complex in how it manages money markets. “One of the things in terms of the criteria that I’ve been looking for” has been the interplay of the Fed’s various instruments, Bessent said on CNBC Tuesday. “I realise the Fed has become this very complicated operation.” Bessent said his final second-round... https://www.scmp.com/news/world/united-states-canada/article/3334145/trump-eyes-christmas-deadline-name-new-fed-chair-bessent-says?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3334145/trump-eyes-christmas-deadline-name-new-fed-chair-bessent-says?utm_source=rss_feed Tue, 25 Nov 2025 16:12:29 +0000 Willa Wu Willa Wu The United States should pass a law to impose tougher scrutiny of Hong Kong’s American dollar-backed international transactions and exports, a US advisory panel on China policy has recommended to Congress in a sweeping annual report. The US-China Economic and Security Review Commission, which released the report on Tuesday, also suggested turning an existing Hong Kong-focused executive order – which includes suspending the city’s special trade status – into law, to address “Beijing’s dismantling... https://www.scmp.com/news/hong-kong/politics/article/3333202/advisory-panel-urges-us-congress-put-hong-kong-tighter-sanctions-leash?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3333202/advisory-panel-urges-us-congress-put-hong-kong-tighter-sanctions-leash?utm_source=rss_feed Tue, 18 Nov 2025 05:01:08 +0000 Aileen Chuang Aileen Chuang Hong Kong’s de facto central bank has begun facilitating real-value transactions using tokenised deposits and digital assets under a controlled pilot programme from Thursday, reinforcing the city’s status as a fintech hub. The new phase of the Project Ensemble sandbox would enable seven commercial banks and 13 industry participants to settle tokenised transactions “faster, more transparently and efficiently”, the Hong Kong Monetary Authority (HKMA) said in a press release on Thursday. The... https://www.scmp.com/business/banking-finance/article/3332625/hong-kong-moves-theory-practice-real-value-tokenised-money-asset-deals?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3332625/hong-kong-moves-theory-practice-real-value-tokenised-money-asset-deals?utm_source=rss_feed Thu, 13 Nov 2025 10:00:58 +0000 Julie Zhang Julie Zhang The Hong Kong Monetary Authority (HKMA) has decided to focus development of the e-HKD on wholesale applications because the central bank digital currency (CBDC) has stronger potential value in large transactions than in daily retail use. The city’s de facto central bank announced the decision on Tuesday after a second phase of e-HKD trials that tested its usability and efficiency in both retail and wholesale scenarios over the past year. A CBDC is a digital version of a fiat currency built using... https://www.scmp.com/business/banking-finance/article/3330604/hong-kongs-e-hkd-better-suited-wholesale-use-retail-hkma-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3330604/hong-kongs-e-hkd-better-suited-wholesale-use-retail-hkma-says?utm_source=rss_feed Tue, 28 Oct 2025 09:00:13 +0000 Enoch Yiu Enoch Yiu In an effort to promote a more vibrant image of Hong Kong, the countryside and hiking trails will be showcased to over 300 top bankers attending next week’s Global Financial Leaders’ Investment Summit, which will be opened with a video address by China’s Vice-Premier He Lifeng. BlackRock co-founder Larry Fink and General Atlantic chairman and CEO William Ford will be among the first-time attendees of the fourth edition of the financial summit, which runs from November 3 to 5, according to Hong... https://www.scmp.com/business/banking-finance/article/3330351/boardrooms-hiking-trails-hkma-courts-top-bankers-business-and-leisure?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3330351/boardrooms-hiking-trails-hkma-courts-top-bankers-business-and-leisure?utm_source=rss_feed Sun, 26 Oct 2025 23:30:18 +0000 Julie Zhang Julie Zhang These days Frank Yu, the head of investment banking at Citic Securities International, juggles back-to-back meetings from morning to evening, a sign of bustling activity in Hong Kong’s capital markets. A wave of international capital, from hedge funds to long-only investors from Asia, the US and the Middle East, is flowing into initial public offerings (IPOs) and refinancing deals, drawn by the value and quality of Chinese assets. Hong Kong-headquartered Citic Securities International is a prime... https://www.scmp.com/business/banking-finance/article/3329806/citic-securities-rides-hong-kongs-ipo-wave-sponsoring-dozens-firms-seeking-listings?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3329806/citic-securities-rides-hong-kongs-ipo-wave-sponsoring-dozens-firms-seeking-listings?utm_source=rss_feed Wed, 22 Oct 2025 00:30:09 +0000 Frank Tang Frank Tang A senior Panamanian official said on Monday that Panama will remain flexible and potentially reach an agreement with CK Hutchison as the Latin American country navigates the geopolitical rivalry between the United States and China. “We are working on a plan in case that [Panama’s Supreme Court] ruling goes against the extension of the contract” for CK Hutchison, said Jose Ramon Icaza, Panama’s minister of canal affairs. “In that case, we have to step in as the Panama Maritime Authority to take... https://www.scmp.com/news/us/diplomacy/article/3329723/panama-ports-deal-ck-hutchison-gets-encouraging-signs-panamanian-government?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3329723/panama-ports-deal-ck-hutchison-gets-encouraging-signs-panamanian-government?utm_source=rss_feed Mon, 20 Oct 2025 22:39:00 +0000 Julie Zhang Julie Zhang Three Chinese mainland companies made stellar trading debuts on the Hong Kong stock exchange on Tuesday, burnishing the city’s credentials as the world’s top fundraising market. All three companies’ shares opened higher, with watch designer and manufacturer Shenzhen Hipine Precision leading the surge, opening with a 184 per cent gain from its offer price of HK$29.60. It closed up 258 per cent at HK$106. Trading under the stock code 2259, gold miner Zijin Gold International’s shares opened at... https://www.scmp.com/business/banking-finance/article/3327312/zijin-gold-makes-solid-hong-kong-trading-debut-shares-jump-56?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3327312/zijin-gold-makes-solid-hong-kong-trading-debut-shares-jump-56?utm_source=rss_feed Tue, 30 Sep 2025 02:31:09 +0000 Andrew Sheng Andrew Sheng Are we now seeing a cyclical or structural point of inflection in financial markets? The cyclical view is that in the short term we are going up or down in a stock market bubble. The structural view is that there are deep issues changing the environment of financial markets, driven by factors such as globalisation (or deglobalisation), technology, demographics, climate change and local and geopolitical issues. The simple answer is we are not in an either-or situation, but undergoing... https://www.scmp.com/opinion/world-opinion/article/3326888/world-financial-landscape-changing-are-we-ready?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3326888/world-financial-landscape-changing-are-we-ready?utm_source=rss_feed Fri, 26 Sep 2025 12:30:08 +0000 Enoch Yiu Enoch Yiu Zijin Gold International has delayed the closing of its US$3.2 billion initial public offering (IPO) – the second-largest in Hong Kong this year – to Thursday noon, a day later than previously scheduled, because of the impact of Super Typhoon Ragasa. “As there is a tropical cyclone warning signal No 8 or above in force, and due to extreme conditions caused by the bad weather … the expected timetable of the global offering as set out in the prospectus and the formal notice will be accordingly... https://www.scmp.com/business/banking-finance/article/3326637/zijin-gold-delays-us32-billion-listing-super-typhoon-ragasa-hits-hong-kong?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3326637/zijin-gold-delays-us32-billion-listing-super-typhoon-ragasa-hits-hong-kong?utm_source=rss_feed Wed, 24 Sep 2025 05:30:10 +0000 Enoch Yiu Enoch Yiu Super Typhoon Ragasa is expected to force Zijin Gold International, which launched Hong Kong’s second-biggest initial public offering (IPO) this year, to delay the book close offering for its retail investors from tomorrow, according to its listing prospectus. The Hong Kong Observatory on Tuesday afternoon issued the No 8 warning signal, as the typhoon is expected to bring hurricane-force winds with speeds of up to 230km/h (143mph) and thunderstorms. The weather forecaster said it would assess... https://www.scmp.com/business/companies/article/3326576/super-typhoon-ragasa-delay-close-zijin-golds-ipo?utm_source=rss_feed https://www.scmp.com/business/companies/article/3326576/super-typhoon-ragasa-delay-close-zijin-golds-ipo?utm_source=rss_feed Tue, 23 Sep 2025 11:01:19 +0000 Aileen Chuang Aileen Chuang Hong Kong-based MicroBit Capital Management took two years to launch its bitcoin and ether exchange-traded funds (ETFs), with their debuts coming amid record-high prices for cryptocurrencies and global regulators’ increasing recognition of digital assets. “Now I believe everybody considers bitcoin, or cryptocurrencies, as quite an important asset class; it’s no longer a scam,” said chief investment officer Kenny Khuong last month during MicroBit’s ETF listings on the Hong Kong stock exchange.... https://www.scmp.com/business/article/3326016/unpacking-cryptos-potential-could-take-digital-assets-mainstream-shape-future-investing?utm_source=rss_feed https://www.scmp.com/business/article/3326016/unpacking-cryptos-potential-could-take-digital-assets-mainstream-shape-future-investing?utm_source=rss_feed Sat, 20 Sep 2025 02:00:16 +0000 Enoch Yiu Enoch Yiu Zijin Gold International, a wholly owned unit of China’s Zijin Mining, aims to raise HK$24.98 billion (US$3.21 billion) in an initial public offering (IPO) that would be Hong Kong’s second largest this year. Zijin Gold launched the sale of 349 million shares at an offer price of HK$71.59 per share on Friday, with the offering running until noon on Wednesday, according to its prospectus released on Friday. The deal would be second only to the US$5.24 billion May IPO of Contemporary Amperex... https://www.scmp.com/business/banking-finance/article/3326096/zijin-gold-launches-second-biggest-hong-kong-ipo-year-eyeing-us32-billion?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3326096/zijin-gold-launches-second-biggest-hong-kong-ipo-year-eyeing-us32-billion?utm_source=rss_feed Fri, 19 Sep 2025 05:16:50 +0000