https://www.scmp.com/rss/519157/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Sylvia Ma Sylvia Ma China continued to diversify its foreign exchange reserves in February, trimming its US Treasury stockpile even as overall overseas holdings of sovereign American debt rose to a record high. China’s stockpile of United States Treasuries fell to US$693.3 billion in February, down from US$694.4 billion in January, according to US Treasury Department data released on Wednesday. Although China slightly increased its US Treasury holdings in January, the uptick did little to alter a broader downward... https://www.scmp.com/economy/global-economy/article/3350275/china-trims-us-treasury-holdings-amid-rising-debt-supply-global-ownership-hits-record?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3350275/china-trims-us-treasury-holdings-amid-rising-debt-supply-global-ownership-hits-record?utm_source=rss_feed Thu, 16 Apr 2026 07:00:13 +0000 Julie Zhang Julie Zhang US dollar-denominated funds could face more hurdles when investing in Chinese tech and biotech companies as Beijing adopts a stricter approach to companies seeking listings via offshore incorporated vehicles. Indicative of Chinese regulators’ caution in overseeing sensitive industries, industry sources say the move ensures that any sale of assets does not escape regulatory scrutiny. And for any offshore incorporated structures that are approved, the stock regulator requires listing applicants to... https://www.scmp.com/business/banking-finance/article/3349166/stricter-chinese-scrutiny-offshore-vehicles-blow-tech-and-biotech-ipo-candidates?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3349166/stricter-chinese-scrutiny-offshore-vehicles-blow-tech-and-biotech-ipo-candidates?utm_source=rss_feed Tue, 07 Apr 2026 00:00:09 +0000 Themis Qi,Enoch Yiu Themis Qi,Enoch Yiu A memo circulating in mainland China’s financial community has raised concerns that Beijing plans to ban certain Chinese companies from listing in Hong Kong via a red-chip structure, with analysts fearing that this could create uncertainty for new listings in the city. According to a memo seen by the South China Morning Post, some red-chip companies – entities registered overseas but with assets and businesses within China – seeking regulatory approval for an initial public offering (IPO) in... https://www.scmp.com/business/banking-finance/article/3346903/chinas-tightened-listing-rules-some-red-chips-hong-kong-raise-concerns?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3346903/chinas-tightened-listing-rules-some-red-chips-hong-kong-raise-concerns?utm_source=rss_feed Tue, 17 Mar 2026 11:10:08 +0000 Lam Ka-sing Lam Ka-sing Hong Kong’s corporate landscape expanded to unprecedented levels last year, with the total number of local registered companies reaching a record of nearly 1.56 million by the end of 2025. “By the end of 2025, the total number of local companies and redomiciled companies registered under the Companies Ordinance increased by 96,609 compared with 2024, reaching 1,557,103,” the Companies Registry said on Friday, noting that it was “an all-time high figure”. Among the total in 2025, 195,343 were... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3340175/number-registered-companies-hong-kong-reaches-record-156-million-2025?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3340175/number-registered-companies-hong-kong-reaches-record-156-million-2025?utm_source=rss_feed Fri, 16 Jan 2026 09:56:13 +0000 Enoch Yiu Enoch Yiu Manulife (International), one of the biggest life insurers and pension providers in Hong Kong and Macau, has finished moving its domicile to Hong Kong from Bermuda, making it the first insurer to successfully complete the process under a new regime, according to a statement on Friday. The insurer said the redomiciling was a “strategic milestone” that underscored its confidence in Hong Kong’s role as a leading international financial centre and reinforced the company’s long-standing commitment to... https://www.scmp.com/business/companies/article/3336273/manulife-becomes-first-insurer-redomicile-hong-kong?utm_source=rss_feed https://www.scmp.com/business/companies/article/3336273/manulife-becomes-first-insurer-redomicile-hong-kong?utm_source=rss_feed Fri, 12 Dec 2025 11:50:36 +0000 Aileen Chuang Aileen Chuang A unit of PetroChina Investment (Hong Kong) has become the first approved company to reincorporate in the city under a new law, with the government highlighting the high number of inquiries it has received from companies seeking to redomicile. The Financial Services and the Treasury Bureau (FSTB) said on Wednesday that the PetroChina Investment unit received a certificate of re-domiciliation from the Companies Registry. This marks the first such case after the government introduced the company... https://www.scmp.com/business/companies/article/3329975/petrochina-unit-first-reincorporate-hong-kong-under-re-domiciliation-law?utm_source=rss_feed https://www.scmp.com/business/companies/article/3329975/petrochina-unit-first-reincorporate-hong-kong-under-re-domiciliation-law?utm_source=rss_feed Wed, 22 Oct 2025 13:43:22 +0000 SCMP Editorial SCMP Editorial Two listed firms under China Resources Group are planning to redomicile from the Cayman Islands to Hong Kong. They will follow similar actions by the Hong Kong units of French insurer AXA and Canadian insurer Manulife, both from Bermuda. Thanks to new changes in local law, such redomiciling is becoming a trend and can only be good for corporate business and professional employment in the city. Business 101 usually explains the difference between the domicile of a company and its headquarters.... https://www.scmp.com/opinion/comment/article/3327783/firms-redomiciling-hong-kong-can-only-be-good-business?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3327783/firms-redomiciling-hong-kong-can-only-be-good-business?utm_source=rss_feed Sun, 05 Oct 2025 23:15:12 +0000 Enoch Yiu Enoch Yiu Two listed companies under China Resources Group are planning to redomicile from the Cayman Islands to Hong Kong, marking the first batch of listed companies to reincorporate in the city under a new law, with analysts believing the trend will continue. China Resources Beverage (Holdings), the country’s second-largest water bottler under the brand C’estbon, has proposed to redomicile from the Cayman Islands to Hong Kong to reduce operating costs, according to a stock exchange filing late Friday... https://www.scmp.com/business/banking-finance/article/3327085/listed-china-resources-units-plan-redomicile-hong-kong-part-global-expansion?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3327085/listed-china-resources-units-plan-redomicile-hong-kong-part-global-expansion?utm_source=rss_feed Sat, 27 Sep 2025 07:37:14 +0000 Enoch Yiu Enoch Yiu For the boss of Hong Kong’s largest retail chain – which operates Wellcome, Mannings and 7-Eleven – the key to retaining customers is simple: ensure stores match prices in Shenzhen. DFI Retail Group, formerly known as Dairy Farm, has increased the number of countries it imports from to 54 from 26 over the last year, helping to bring prices down by 20 per cent, according to group chief executive Scott Price. A tie-up six weeks ago with mainland Chinese fresh food platform Dingdong (Cayman) has... https://www.scmp.com/business/companies/article/3320582/dfi-cut-wellcomes-prices-compete-shenzhen-hongkongers-grocery-trolleys?utm_source=rss_feed https://www.scmp.com/business/companies/article/3320582/dfi-cut-wellcomes-prices-compete-shenzhen-hongkongers-grocery-trolleys?utm_source=rss_feed Tue, 05 Aug 2025 00:30:07 +0000 Aileen Chuang Aileen Chuang Hong Kong stocks fell on Monday as ongoing tariff tensions between the US and China took a toll on some companies, while a key gauge of technology stocks traded lower. The Hang Seng Index dropped 0.6 per cent to 23,341.61 at the close, while the Hang Seng Tech Index slipped 1.2 per cent. On Friday, the indices ended up 4 per cent and 6.5 per cent, respectively, their best trading day since October. On the mainland, the CSI 300 Index and the Shanghai Composite Index both dropped 0.2 per... https://www.scmp.com/business/markets/article/3299846/hong-kong-stocks-rise-slightly-despite-ongoing-tariff-tensions-between-us-and-china?utm_source=rss_feed https://www.scmp.com/business/markets/article/3299846/hong-kong-stocks-rise-slightly-despite-ongoing-tariff-tensions-between-us-and-china?utm_source=rss_feed Mon, 24 Feb 2025 02:41:18 +0000 Bloomberg Bloomberg Yuzhou Group Holdings filed for Chapter 15 bankruptcy on Thursday in New York, a move by the defaulted property developer to seek US court recognition for its offshore debt restructuring and ward off litigation. The Shenzhen-based builder, which failed to pay US$2.9 billion of dollar notes with interest as of the end of 2023, is undergoing restructuring in Hong Kong and the Cayman Islands. Its board was advised to “seek recognition by this court of the Hong Kong proceeding as a foreign main... https://www.scmp.com/business/article/3275820/chinese-builder-yuzhou-seeks-debt-restructuring-recognition-us?utm_source=rss_feed https://www.scmp.com/business/article/3275820/chinese-builder-yuzhou-seeks-debt-restructuring-recognition-us?utm_source=rss_feed Sun, 25 Aug 2024 07:38:32 +0000