https://www.scmp.com/rss/519644/feed Interviews with corporate executives, featuring chairpersons, chief executive officers, chief financial officers, chief marketing officers or other C-level business leaders. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Enoch Yiu Enoch Yiu Wealthy families will continue to use Hong Kong to set up family offices for succession planning and diversifying their investments in 2026, thanks to its vibrant market and government incentives, according to the Hong Kong CEO of Bank of Singapore. The bank, which is the private banking unit of Oversea-Chinese Banking Corporation (OCBC), has a bullish outlook after it reported very strong performance in 2025, according to Rickie Chan, who is also the bank’s head of private banking for Greater... https://www.scmp.com/business/article/3338709/hong-kong-gains-favour-platform-wealth-planning-family-offices-2026-bank-ceo?utm_source=rss_feed https://www.scmp.com/business/article/3338709/hong-kong-gains-favour-platform-wealth-planning-family-offices-2026-bank-ceo?utm_source=rss_feed Mon, 05 Jan 2026 23:30:09 +0000 Enoch Yiu Enoch Yiu The Hong Kong Monetary Authority (HKMA) expects to work with other financial regulators to promote artificial intelligence adoption in various sectors over the next five years and further advance fintech development, according to the head of the city’s de facto central bank. Under the five-year plan called Fintech 2030 that starts this year, the HKMA would expand the scope of the city’s generative AI sandbox to include more industries as a step towards enhancing risk management, fraud detection... https://www.scmp.com/business/banking-finance/article/3338531/hkma-talks-sfc-insurance-authority-promote-fintech-over-next-5-years?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3338531/hkma-talks-sfc-insurance-authority-promote-fintech-over-next-5-years?utm_source=rss_feed Mon, 05 Jan 2026 00:30:16 +0000 Eugene Tang Eugene Tang Jeff Rowe grinned with satisfaction when the dashboard of his John Deere combine harvester showed the yield of the first run on his family’s farm during this year’s harvest: 253 bushels per acre, equivalent to 13.8 tonnes of corn per hectare. The yield on the 100-acre Schubert parcel was the highest in many years, said Rowe, the CEO of Syngenta Group and the son of the owners of Rowe Farm, Dean and Carol. Located in the corn belt of Illinois state in the US Midwest, the farm used Syngenta’s... https://www.scmp.com/business/banking-finance/article/3334833/ai-tops-mind-5th-generation-illinois-farmer-china-owned-syngentas-mega-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3334833/ai-tops-mind-5th-generation-illinois-farmer-china-owned-syngentas-mega-ipo?utm_source=rss_feed Sat, 06 Dec 2025 03:00:09 +0000 Enoch Yiu Enoch Yiu Hong Kong and mainland China will continue to be the growth engine for asset-management companies as both local and international investors are starting to shift from holding cash to investing in equities and bonds in the region, according to the top boss of US fund house Invesco. “There is a trend of redistribution of people’s portfolios, as they are looking for value opportunities, which are showing up in emerging markets, equity, emerging-market debt and global equities,” said Andrew... https://www.scmp.com/business/markets/article/3331852/investor-migration-deposits-asian-markets-gathers-speed-invesco-boss-says?utm_source=rss_feed https://www.scmp.com/business/markets/article/3331852/investor-migration-deposits-asian-markets-gathers-speed-invesco-boss-says?utm_source=rss_feed Fri, 07 Nov 2025 01:56:26 +0000 Enoch Yiu Enoch Yiu An increasing number of wealthy customers from mainland China are using Hong Kong to diversify their investments and expand their businesses globally, according to a senior executive of Hong Kong-based mid-tier lender China Citic Bank International. “After many government efforts to promote family offices in recent years, we have seen strong growth from wealthy mainland customers seeking our bankers to help them set up family offices in Hong Kong,” said Wendy Yuen Miu-ling, head of the bank’s... https://www.scmp.com/business/banking-finance/article/3331074/chinas-wealthy-flock-hong-kong-global-investment-opportunities-banker-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3331074/chinas-wealthy-flock-hong-kong-global-investment-opportunities-banker-says?utm_source=rss_feed Sun, 02 Nov 2025 03:30:12 +0000 Cat Nelson Cat Nelson In most global financial centres, women chief executives remain a rarity. In Hong Kong, they are increasingly part of the landscape. Among them are Amy Lo Choi-wan of UBS, Mary Huen Wai-yi of Standard Chartered and Bonnie Chan Yiting of Hong Kong Exchanges and Clearing, members of Women Chief Executives Hong Kong (WCE) and co-organisers of Monday’s Women Chief Executives Summit in the city. Lo describes the beginnings of WCE as spontaneous, just a handful of women meeting over lunch. “We thought... https://www.scmp.com/postmag/culture/article/3330914/ubs-hkex-and-standard-chartereds-women-ceos-blazing-trail-and-finding-balance?utm_source=rss_feed https://www.scmp.com/postmag/culture/article/3330914/ubs-hkex-and-standard-chartereds-women-ceos-blazing-trail-and-finding-balance?utm_source=rss_feed Sat, 01 Nov 2025 04:45:07 +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 Enoch Yiu Enoch Yiu Hong Kong will embark on the second phase of its family office development strategy over the next three years, aiming to attract 220 family offices from around the world – including those from Europe, the Middle East and Asia – as well as major multifamily office operators, according to Jason Fong, global head of family office at InvestHK. Over the past three years, Hong Kong had built an ecosystem to draw wealthy families by rolling out eight policy measures, including tax concessions and an... https://www.scmp.com/business/article/3329651/hong-kong-sets-sights-220-new-family-offices-next-growth-phase?utm_source=rss_feed https://www.scmp.com/business/article/3329651/hong-kong-sets-sights-220-new-family-offices-next-growth-phase?utm_source=rss_feed Tue, 21 Oct 2025 00:30:08 +0000 Enoch Yiu Enoch Yiu A growing number of mainland Chinese financial institutions and international companies have shown interest in establishing regional headquarters in Hong Kong to tap into increasing business opportunities across the region, according to the head of Citigroup’s local unit. Aveline San Pau-len, Citi Hong Kong CEO and head of banking, said many mainland banks and international financial institutions would like Citigroup to help set up their headquarters in the city to serve clients who wanted to... https://www.scmp.com/business/banking-finance/article/3328462/mainland-financial-firms-seeking-strategic-hong-kong-headquarters-rise-citigroup?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328462/mainland-financial-firms-seeking-strategic-hong-kong-headquarters-rise-citigroup?utm_source=rss_feed Mon, 13 Oct 2025 00:30:08 +0000 Aileen Chuang Aileen Chuang In the Capital Connectors series, exclusive interviews with six influential Chinese and global bankers reveal the opportunities and challenges for Hong Kong in its evolution as an international financial hub. Hong Kong has become the fundraising venue of choice for Chinese technology giants, surpassing the US thanks to growing liquidity, market reforms and proximity to their home market, according to a senior banker at Goldman Sachs. With Chinese technology firms being a clear focus of... https://www.scmp.com/business/banking-finance/article/3328382/hong-kong-good-wall-street-chinese-tech-firms-goldman-sachs-banker-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328382/hong-kong-good-wall-street-chinese-tech-firms-goldman-sachs-banker-says?utm_source=rss_feed Fri, 10 Oct 2025 00:30:07 +0000 Aileen Chuang Aileen Chuang In the Capital Connectors series, exclusive interviews with six influential Chinese and global bankers reveal the opportunities and challenges for Hong Kong in its evolution as an international financial hub. Global investors, including US funds with long-only strategies, are returning to the Chinese mainland to reassess local companies, a shift that has helped drive a twofold surge in liquidity in Hong Kong’s stock market while highlighting the city’s ability to connect global investors to... https://www.scmp.com/business/banking-finance/article/3328228/hong-kong-critical-bridge-global-investors-rediscover-china-morgan-stanley-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328228/hong-kong-critical-bridge-global-investors-rediscover-china-morgan-stanley-says?utm_source=rss_feed Thu, 09 Oct 2025 00:30:09 +0000 Cao Li Cao Li In the Capital Connectors series, exclusive interviews with six influential Chinese and global bankers reveal the opportunities and challenges for Hong Kong in its evolution as an international financial hub. The listing of a Kazakhstan-based tungsten mining company in Hong Kong was evidence of the international scope and breadth of the city’s capital market, according to Xu Jia, deputy head of the investment banking department at China International Capital Corp (CICC). Jiaxin International... https://www.scmp.com/business/banking-finance/article/3328068/international-firms-flock-hong-kong-signalling-rebound-citys-capital-market?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328068/international-firms-flock-hong-kong-signalling-rebound-citys-capital-market?utm_source=rss_feed Wed, 08 Oct 2025 00:30:08 +0000 Julie Zhang Julie Zhang In the Capital Connectors series, exclusive interviews with six influential Chinese and global bankers reveal the opportunities and challenges for Hong Kong in its evolution as an international financial hub. When Thai coconut water brand IFBH raised HK$1.16 billion (US$149 million) through a stock offering in Hong Kong in June, Li Chunbo, chairman and CEO of the deal’s sole sponsor Citic Securities International, saw it as more than just another listing from Southeast Asia. The world’s... https://www.scmp.com/business/banking-finance/article/3328010/hong-kong-markets-connector-role-not-just-mainland-china-citic-boss-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328010/hong-kong-markets-connector-role-not-just-mainland-china-citic-boss-says?utm_source=rss_feed Tue, 07 Oct 2025 00:30:08 +0000 Aileen Chuang Aileen Chuang In the first instalment of a six-part series about financiers who act as mainland China’s Capital Connectors with the world, UBS Securities’ chairwoman Janice Hu talks about the opportunities and challenges for Hong Kong in its evolution as an international financial hub. As Beijing recalibrates trade and investment away from the US, Hong Kong is being cast once again as the launch pad for China’s global ambitions. A surge in cross-border flows between the city and the mainland this year has... https://www.scmp.com/business/banking-finance/article/3327765/hong-kong-strengthens-role-chinas-financial-springboard-says-ubs-china-chief?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3327765/hong-kong-strengthens-role-chinas-financial-springboard-says-ubs-china-chief?utm_source=rss_feed Mon, 06 Oct 2025 00:30:11 +0000 Xinmei Shen,Zhou Xin Xinmei Shen,Zhou Xin Cyberport may add some graphics processing units (GPUs) made in China to its Artificial Intelligence Supercomputing Centre in Hong Kong, as the government-run incubator seeks to reduce its reliance on Nvidia chips amid worsening China-US relations, its chief executive said. Cyberport has bought four GPUs made by four different mainland Chinese chipmakers and has been testing them at its AI lab to gauge which ones to adopt in the expanding facilities, Rocky Cheng Chung-ngam said in an interview... https://www.scmp.com/tech/article/3325469/cyberport-may-use-chinese-gpus-hong-kong-supercomputing-hub-cut-reliance-nvidia?utm_source=rss_feed https://www.scmp.com/tech/article/3325469/cyberport-may-use-chinese-gpus-hong-kong-supercomputing-hub-cut-reliance-nvidia?utm_source=rss_feed Sun, 14 Sep 2025 09:00:01 +0000 Aileen Chuang Aileen Chuang The worldwide financial system needs to rewrite its rules for a future of tokens, as the rise of stablecoins poses new challenges to the global infrastructure for instant payment, clearing and settlement, according to the gatekeeper of the world’s central banks. Stablecoins, which are digital tokens backed by fiat currencies or other reserve assets, could make anti-money-laundering (AML) work and banks’ task of knowing their customers more difficult because of their cross-border, pseudonymous... https://www.scmp.com/business/banking-finance/article/3318718/global-financial-system-must-rewrite-its-rules-tokenised-future-says-bis-adviser?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3318718/global-financial-system-must-rewrite-its-rules-tokenised-future-says-bis-adviser?utm_source=rss_feed Sat, 19 Jul 2025 00:30:09 +0000 Enoch Yiu Enoch Yiu AIA Group chairman Edmund Tse Sze-wing achieved more for his company after retiring than many executives do in their whole careers. At 71, Tse was already past normal retirement age in 2009 when he retired for the first time, only to have the global financial crisis bring him back to the office from the tennis court – for another 14 years. Just a few months after returning, Tse led AIA through its Hong Kong initial public offering (IPO). The HK$159.1 billion (US$20.4 billion) listing – still the... https://www.scmp.com/business/companies/article/3317879/retiring-aia-chairman-edmund-tse-reflects-64-years-hong-kong-based-insurer?utm_source=rss_feed https://www.scmp.com/business/companies/article/3317879/retiring-aia-chairman-edmund-tse-reflects-64-years-hong-kong-based-insurer?utm_source=rss_feed Sun, 13 Jul 2025 23:30:09 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX) will broaden its role to connect companies across Asia with global capital through secondary listings in the city, the bourse operator’s chairman said. HKEX is already linked with 20 of the world’s stock exchanges through mutual recognition agreements, a technical accreditation that lets companies listed in Thailand, Indonesia, Singapore, Saudi Arabia and Abu Dhabi sell additional shares in Hong Kong. “There is certainly interest among Asian companies to... https://www.scmp.com/business/banking-finance/article/3314315/hkex-connect-asian-start-ups-worldwide-investors-exchange-marks-silver-jubilee?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3314315/hkex-connect-asian-start-ups-worldwide-investors-exchange-marks-silver-jubilee?utm_source=rss_feed Fri, 13 Jun 2025 23:30:08 +0000 Enoch Yiu,Aileen Chuang Enoch Yiu,Aileen Chuang HSBC will expand its investment banking business to serve the rising demand of companies from Asia and the Middle East for initial public offerings (IPOs), said the co-CEOs of the bank’s biggest profit centre. The plan aligns with the bank’s restructuring to focus on high-return areas like Hong Kong and India, as well as exit low-profitability markets like Europe and the US. Hong Kong sits atop the world’s IPO league table, after 27 companies raised US$9.96 billion this year as of last week,... https://www.scmp.com/business/banking-finance/article/3313510/hsbc-grow-investment-bank-serve-ipo-demand-asia-and-middle-east-start-ups?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3313510/hsbc-grow-investment-bank-serve-ipo-demand-asia-and-middle-east-start-ups?utm_source=rss_feed Sun, 08 Jun 2025 23:30:10 +0000 Josiah Ng Josiah Ng “I have no pressure,” says Jean-Claude Biver, “except the pressure of time [and] the need to be successful. That’s already a lot of pressure, but it’s a positive pressure.” It is hard to imagine that many pressures – including the pressure to succeed – remain for someone like Biver, who almost requires no introduction. In a career spanning half a century, Biver is known for deftly resuscitating several brands you may have heard of. In the wake of the quartz crisis, he bought and revitalised... https://www.scmp.com/magazines/style/people/luxury-ceos/article/3311945/former-tag-heuer-ceo-jean-claude-biver-starting-his-eponymous-luxury-watch-brand-jc-biver-taking?utm_source=rss_feed https://www.scmp.com/magazines/style/people/luxury-ceos/article/3311945/former-tag-heuer-ceo-jean-claude-biver-starting-his-eponymous-luxury-watch-brand-jc-biver-taking?utm_source=rss_feed Tue, 27 May 2025 06:33:31 +0000 Enoch Yiu Enoch Yiu British asset manager Schroders will continue to expand in Hong Kong to tap Asia-Pacific’s fast-growing wealth-management and pension businesses, as its top boss believes market uncertainty brought on by the US-China trade war will increase demand for its services. “The tariff issues and trade challenges are going forward, but it would not affect our commitment and investment in Hong Kong, mainland China and Taiwan,” Richard Oldfield, the firm’s group chief executive, said in Hong Kong earlier... https://www.scmp.com/business/banking-finance/article/3307949/uk-fund-manager-schroders-invest-more-hong-kong-trade-war-ups-demand-ceo-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3307949/uk-fund-manager-schroders-invest-more-hong-kong-trade-war-ups-demand-ceo-says?utm_source=rss_feed Sun, 27 Apr 2025 23:30:16 +0000 Enoch Yiu Enoch Yiu HSBC, the largest lender in Hong Kong, will open a wealth centre in the second half of this year as planned, undeterred by the ongoing market turmoil triggered by the US-China trade war. The wealth centre, which will also serve as a paramedical centre, will provide anti-ageing treatments, medical check-ups, as well as insurance, wealth management and vaccination services, as part of its strategy to tap the growing “silver economy”. “We take a long-term view of our investments [and] are not... https://www.scmp.com/business/banking-finance/article/3306572/hsbc-offer-anti-ageing-treatments-medical-check-ups-hong-kong-wealth-centre?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3306572/hsbc-offer-anti-ageing-treatments-medical-check-ups-hong-kong-wealth-centre?utm_source=rss_feed Wed, 16 Apr 2025 00:30:08 +0000 Enoch Yiu Enoch Yiu Sun Life Financial plans to hire more agents and expand new sales channels in Hong Kong to capture a bigger slice of the wealth management and retirement markets in Asia, according to its regional chief. “We are partnering more with private banks in Hong Kong to address the overall financial planning needs of these customers,” said Manjit Singh, president of Sun Life Asia, in an interview. “There is a big need to help the high-net-worth customers with intergenerational financial planning,... https://www.scmp.com/business/article/3305268/sun-life-sees-hong-kong-most-important-market-life-insurers-asia?utm_source=rss_feed https://www.scmp.com/business/article/3305268/sun-life-sees-hong-kong-most-important-market-life-insurers-asia?utm_source=rss_feed Sun, 06 Apr 2025 03:30:13 +0000 Enoch Yiu Enoch Yiu An art-storage facility at the Hong Kong International Airport should be ready later this year or early next year at the latest, according to Jason Fong, global head of family office at InvestHK. The facility is the last of the eight measures unveiled more than two years ago to be implemented by the government, forming a part of a comprehensive ecosystem for family offices to set up in Hong Kong, Fong said. “Many wealthy families have collected art to establish their family legacy,” Fong said in... https://www.scmp.com/business/banking-finance/article/3305067/hong-kongs-soon-open-art-storage-facility-another-draw-family-offices?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3305067/hong-kongs-soon-open-art-storage-facility-another-draw-family-offices?utm_source=rss_feed Fri, 04 Apr 2025 07:00:08 +0000 Cao Li Cao Li Hong Kong faces an unprecedented opportunity as an offshore hub for the currency, despite what is broadly seen as short-term pressure on the yuan, according to investment bank China International Capital Corporation (CICC). In the past, depreciation was largely driven by a wide interest rate differential between the US dollar and the yuan, which prompted investors to favour dollar-denominated assets, said Miao Yanliang, the deputy head of the research department at the bank that is often dubbed... https://www.scmp.com/business/banking-finance/article/3305167/given-prevailing-headwinds-hong-kong-has-big-opportunity-offshore-yuan-hub-cicc?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3305167/given-prevailing-headwinds-hong-kong-has-big-opportunity-offshore-yuan-hub-cicc?utm_source=rss_feed Fri, 04 Apr 2025 03:00:15 +0000 Enoch Yiu Enoch Yiu Standard Chartered will invest heavily in artificial intelligence (AI) and hire more wealth managers in Hong Kong and other markets to achieve its goal of pulling in US$200 billion of net new money from affluent clients over the next five years, according to global CEO Bill Winters. The London-based bank has operations in more than 50 markets in Asia, the Middle East and Africa, where affluent populations continues to grow. Hong Kong, where Standard Chartered has been issuing currency notes... https://www.scmp.com/business/banking-finance/article/3303003/hong-kong-key-standard-chartereds-us200-billion-new-money-goal-ceo-winters?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3303003/hong-kong-key-standard-chartereds-us200-billion-new-money-goal-ceo-winters?utm_source=rss_feed Thu, 20 Mar 2025 02:30:11 +0000 Enoch Yiu Enoch Yiu Canada’s biggest insurer Manulife Financial has appointed its chief actuary Steve Finch to head its Asian business, picking a company veteran to take charge of a region that is projected to become the group’s single most profitable market. Finch will bring more than three decades of industry experience to his new role as president and CEO of Asia when he takes over from Phil Witherington on May 9 in Hong Kong, the company said in a statement on Tuesday. Witherington will return to Toronto to... https://www.scmp.com/business/banking-finance/article/3302724/manulife-picks-its-chief-actuary-steve-finch-asia-ceo-lead-its-biggest-profit-centre?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3302724/manulife-picks-its-chief-actuary-steve-finch-asia-ceo-lead-its-biggest-profit-centre?utm_source=rss_feed Tue, 18 Mar 2025 00:31:08 +0000 Xinmei Shen Xinmei Shen Affordable cancer screening may be available to Hong Kong residents within three years, as advances in artificial intelligence (AI) make the early detection of malignant tumours easier and faster, according to the creator of a pioneering prenatal test for Down syndrome. AI helps researchers recognise patterns in the gene fragments they find in blood plasma, sparking a revolution in the field of epigenetics, or the study of non-mutation behavioural effects on genes, said Professor Dennis Lo... https://www.scmp.com/tech/tech-trends/article/3299547/ai-driven-blood-analysis-may-spur-cancer-detection-hong-kong-prenatal-test-pioneer-says?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3299547/ai-driven-blood-analysis-may-spur-cancer-detection-hong-kong-prenatal-test-pioneer-says?utm_source=rss_feed Sun, 23 Feb 2025 03:30:09 +0000 Holly Chik,Xinmei Shen Holly Chik,Xinmei Shen In the first instalment of a series to mark the 10th anniversary of the Future Science Prize, Holly Chik and Shen Xinmei look at Professor Dennis Lo’s groundbreaking discovery of fetal DNA in maternal plasma, which earned him the inaugural award in the Life Sciences category in 2016. Click here for part two and three. The blood tests of the future can reveal a lot more about a person’s health, from neurodegenerative conditions to age-related diseases, said the Hong Kong clinical pathologist... https://www.scmp.com/news/china/science/article/3299555/dennis-lo-bets-blood-bare-all-tests-saved-10-million-mums-needle?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3299555/dennis-lo-bets-blood-bare-all-tests-saved-10-million-mums-needle?utm_source=rss_feed Sat, 22 Feb 2025 00:00:09 +0000 Peggy Sito Peggy Sito In the third part of our series on Macau’s integrated resort operators, Peggy Sito looks at how Galaxy Entertainment Group’s new chairman Francis Lui is forging partnerships with global hotel chains and building non-gaming facilities to help lead Macau towards economic diversification. Read the previous instalments on Wynn and Sands China. The late afternoon sun had sunk into early twilight before Francis Lui Yiu-tung could extract himself from several back-to-back planning meetings to conduct... https://www.scmp.com/business/companies/article/3298733/how-galaxys-new-hands-boss-building-macaus-holistic-next-phase?utm_source=rss_feed https://www.scmp.com/business/companies/article/3298733/how-galaxys-new-hands-boss-building-macaus-holistic-next-phase?utm_source=rss_feed Sat, 15 Feb 2025 02:00:20 +0000 Peggy Sito Peggy Sito In the second part of our series on Macau’s integrated resort operators, Peggy Sito looks at how Wynn Macau is adopting the playbook of its Las Vegas parent to capture the hearts and wallets of visitors, as it diversifies its earnings beyond the gambling tables. Click here for the first part. Last autumn, Lamborghini’s US$4 million Veneno Roadster was displayed in the lobbies of Wynn Macau’s flagship hotels, attracting large crowds of racing fans, automobile enthusiasts and tourists from... https://www.scmp.com/business/article/3295196/wynn-looks-vegas-remodel-macaus-us28-billion-casino-hub-14-economy?utm_source=rss_feed https://www.scmp.com/business/article/3295196/wynn-looks-vegas-remodel-macaus-us28-billion-casino-hub-14-economy?utm_source=rss_feed Sat, 18 Jan 2025 02:00:12 +0000 Enoch Yiu Enoch Yiu An ageing population and shortage of doctors have caused more Hongkongers to go north for medical treatment, prompting US medical insurance giant Cigna Group to seek cross-border partnerships, according to its Hong Kong CEO. “When you combine the ageing population percentage in Hong Kong with the low doctor ratio per person, you can see why there is a need to expand cross-border integration of healthcare services between Hong Kong and other Greater Bay Area cities,” said Jonathan Spiers, the CEO... https://www.scmp.com/business/article/3291894/cigna-seeks-mainland-partnerships-hongkongers-go-north-get-treatment?utm_source=rss_feed https://www.scmp.com/business/article/3291894/cigna-seeks-mainland-partnerships-hongkongers-go-north-get-treatment?utm_source=rss_feed Mon, 23 Dec 2024 00:30:12 +0000 Daniel Ren,Zhou Xin Daniel Ren,Zhou Xin Geely Automobile Holdings, China’s second-largest carmaker, plans to embark on an asset-light strategy in the overseas smart electric vehicle (EV) market by working with local partners, defying a trend among mainland peers that seek to set up production plants in the West, its chief executive said in an exclusive interview. While Chinese EV makers from global market leader BYD to fast-rising start-up Hozon Auto have built manufacturing facilities in countries like Hungary and Thailand, Geely... https://www.scmp.com/business/china-evs/article/3291251/chinas-ev-champion-geely-bets-tech-edge-expand-asia-europe?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3291251/chinas-ev-champion-geely-bets-tech-edge-expand-asia-europe?utm_source=rss_feed Thu, 19 Dec 2024 01:30:16 +0000 Daniel Ren,Zhou Xin Daniel Ren,Zhou Xin Geely Auto, China’s second-largest carmaker, has urged the industry to go back to basics by building cars for profit as it banks on petroleum-powered vehicles to propel its earnings despite robust sales of electric vehicles (EVs). Conventional cars powered by internal combustion engines (ICEs) would still represent 30 per cent of auto sales worldwide owing to consumers’ different tastes and driving habits as well as insufficient EV charging facilities. “Electric cars do not entirely reflect the... https://www.scmp.com/business/china-business/article/3291257/geely-auto-bank-petrol-powered-cars-big-profits-despite-ev-popularity-ceo-says?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3291257/geely-auto-bank-petrol-powered-cars-big-profits-despite-ev-popularity-ceo-says?utm_source=rss_feed Tue, 17 Dec 2024 23:30:08 +0000 Enoch Yiu Enoch Yiu British financial firm Marex Group has big plans for expansion in Hong Kong in coming years, as it believes the city has the potential to be a commodity hub in Asia, according to a senior executive. The London-headquartered firm, which conducts trading and clearing for global clients to trade energy, commodities and financial products in 60 exchanges worldwide, has just moved to a bigger office in Hong Kong earlier this month, said Asia-Pacific CEO Arthur Fan. “Hong Kong has the conditions to be... https://www.scmp.com/business/commodities/article/3290712/hong-kongs-potential-commodities-hub-draws-expansion-uks-marex-group?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3290712/hong-kongs-potential-commodities-hub-draws-expansion-uks-marex-group?utm_source=rss_feed Sun, 15 Dec 2024 23:30:15 +0000 Peggy Sito Peggy Sito As Macau marks the 25th anniversary of its handover, the city’s casino operators are responding to Chinese President Xi Jinping’s call to invest in tourism and leisure to diversify the gambling-dependent economy. In the first of a series of profiles, the Post looks at what Sands China is doing to upgrade its facilities and put more emphasis on special events and entertainment. Just a week ago, National Basketball Association (NBA) legends Tracy McGrady, Ray Allen and Tony Parker joined... https://www.scmp.com/business/article/3290453/beyond-baccarat-how-sands-china-driving-macau-30-nba-better-infrastructure?utm_source=rss_feed https://www.scmp.com/business/article/3290453/beyond-baccarat-how-sands-china-driving-macau-30-nba-better-infrastructure?utm_source=rss_feed Sat, 14 Dec 2024 02:00:10 +0000 Enoch Yiu Enoch Yiu Singaporean lender Oversea-Chinese Banking Corp (OCBC), the second-largest banking group in Southeast Asia, opened a new 76,000 sq ft office in Kai Tak last week as it seeks to hire more staff over the next five years, according to a senior executive. Frances Hui Wai-han, chief operating officer of OCBC’s Hong Kong unit, said the lender is also looking to establish a new flagship branch in the next two years so it can exploit the growing wealth management opportunities and other banking business... https://www.scmp.com/business/article/3289567/ocbc-opens-new-office-hong-kong-lender-plans-hire-15-more-staff?utm_source=rss_feed https://www.scmp.com/business/article/3289567/ocbc-opens-new-office-hong-kong-lender-plans-hire-15-more-staff?utm_source=rss_feed Mon, 09 Dec 2024 00:30:12 +0000 Enoch Yiu Enoch Yiu French banking giant Credit Agricole CIB is committed to using Hong Kong as a base to expand its business in Asia, and those plans will not be affected by Donald Trump’s plan to wage a trade war with China, according to its CEO. “Internationalisation of the yuan, green finance and infrastructure development are the three major themes of development in Hong Kong, which can offer huge opportunities for Credit Agricole CIB as we have strong capability in these areas,” Xavier Musca said in an... https://www.scmp.com/business/banking-finance/article/3288661/credit-agricole-bolsters-asia-expansion-hong-kong-undeterred-trumps-trade-war?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3288661/credit-agricole-bolsters-asia-expansion-hong-kong-undeterred-trumps-trade-war?utm_source=rss_feed Mon, 02 Dec 2024 00:30:10 +0000 Enoch Yiu,Aileen Chuang Enoch Yiu,Aileen Chuang Citigroup’s global CEO Jane Fraser has a special place in her heart for Hong Kong. While her personal connection to the city does not stretch back as far as that of the company she leads – 122 years – it is measured in decades. “I have been coming to Hong Kong for pleasure since the 1980s when I lived in Australia as a teenager,” Fraser said in an exclusive interview last week at the Global Financial Leaders’ Investment Summit. “I am Scottish, and the Scots always travel everywhere. Scots have a... https://www.scmp.com/business/article/3287766/citigroup-ceo-jane-fraser-hong-kongs-enduring-charm-and-strategic-role?utm_source=rss_feed https://www.scmp.com/business/article/3287766/citigroup-ceo-jane-fraser-hong-kongs-enduring-charm-and-strategic-role?utm_source=rss_feed Sun, 24 Nov 2024 23:00:16 +0000 Salina Li,Peggy Sito Salina Li,Peggy Sito Bob Prince, the co-chief investment officer of the world’s largest hedge fund, bought a luxury home in Hong Kong, joining an A-list of global financiers who have begun to heed the city government’s serenade to put down roots in Asia’s third-largest capital market. The executive of Bridgewater Associates, which had US$235 billion of assets under management as of March 31, paid HK$95 million (US$12.2 million) for a three-bedroom flat measuring 1,752 sq ft (162.8 square metres) at St. George’s... https://www.scmp.com/business/article/3287412/bridgewaters-prince-buys-hk95-m-hong-kong-flat-joining-financiers-putting-down-roots?utm_source=rss_feed https://www.scmp.com/business/article/3287412/bridgewaters-prince-buys-hk95-m-hong-kong-flat-joining-financiers-putting-down-roots?utm_source=rss_feed Wed, 20 Nov 2024 10:32:56 +0000 Mia Castagnone Mia Castagnone Global diversification is one of the most important opportunities for investors today, according to Bob Prince, co-chief investment officer at US hedge fund Bridgewater Associates. China offers a unique opportunity because its assets are less correlated with global markets. “Geopolitics, protectionism and so forth are actually creating bigger differences in economic conditions across countries, which is not less efficient, it’s more inflationary,” he said in an interview during the 2024 Family... https://www.scmp.com/business/banking-finance/article/3286927/china-offers-unique-opportunity-portfolio-diversification-bridgewaters-prince-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3286927/china-offers-unique-opportunity-portfolio-diversification-bridgewaters-prince-says?utm_source=rss_feed Mon, 18 Nov 2024 02:30:08 +0000 Enoch Yiu Enoch Yiu Senior officials in Saudi Arabia have indicated that companies in the Middle East are interested in listing in Hong Kong to raise funds for infrastructure projects as the kingdom has established “trust and friendship” with the city, according to the chairman of Hong Kong Exchanges and Clearing (HKEX). Carlson Tong Ka-shing said some projects and companies with investments from the kingdom’s sovereign wealth fund – the Public Investment Fund (PIF) – and firms listed on the Saudi Stock Exchange,... https://www.scmp.com/business/article/3286696/middle-eastern-companies-express-interest-hong-kong-listings-hkex-chairman-says?utm_source=rss_feed https://www.scmp.com/business/article/3286696/middle-eastern-companies-express-interest-hong-kong-listings-hkex-chairman-says?utm_source=rss_feed Mon, 18 Nov 2024 00:30:11 +0000 Enoch Yiu Enoch Yiu Manulife, Canada’s biggest insurance company, is on track to surpass its earnings target in Asia, thanks to the launch of several innovative products that have been lapped up by wealthy customers and mainland visitors buying policies in Hong Kong, according to a top executive. The Toronto-based insurer’s third-quarter results released last week showed a 17 per cent increase in core earnings – profits generated from its primary business activities – in Asia. The region was also the largest profit... https://www.scmp.com/business/banking-finance/article/3286610/manulife-set-surpass-asia-earnings-target-led-innovative-products-booming-sales?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3286610/manulife-set-surpass-asia-earnings-target-led-innovative-products-booming-sales?utm_source=rss_feed Sun, 17 Nov 2024 02:00:19 +0000 Enoch Yiu Enoch Yiu Riyadh Air, backed by Saudi Arabia’s sovereign wealth fund, is in talks to work with Hong Kong’s Cathay Pacific Airways to expand each other’s route network, after its multibillion-dollar order of 60 Airbus jets this week, said a senior executive. The cooperation may “very possibly” include a code-sharing accord for the two carriers to fly passengers on each other’s aircraft to a wider network of destinations, Riyadh Air’s chief financial officer Adam Boukadida said in an interview with the Post... https://www.scmp.com/business/companies/article/3284538/riyadh-air-code-share-talks-cathay-pacific-grow-middle-east-asia-route-network?utm_source=rss_feed https://www.scmp.com/business/companies/article/3284538/riyadh-air-code-share-talks-cathay-pacific-grow-middle-east-asia-route-network?utm_source=rss_feed Wed, 30 Oct 2024 23:58:53 +0000 Enoch Yiu Enoch Yiu Middle Eastern investors have rushed to buy the first exchange-traded fund (ETF) tracking Hong Kong stocks to capture the recent market rally and long-term growth “miracle” of China, according to the CEO of the issuer. Albilad CSOP MSCI Hong Kong China Equity ETF (Albilad ETF), the first index fund tracking Hong Kong stocks in Saudi Arabia, had already raised HK$10 billion (US$1.3 billion) as of October 23, according to Hong Kong-based CSOP Asset Management which joined hands with Albilad... https://www.scmp.com/business/markets/article/3283984/first-hong-kong-etf-saudi-arabia-raises-us13-bn-investors-buy-china-miracle?utm_source=rss_feed https://www.scmp.com/business/markets/article/3283984/first-hong-kong-etf-saudi-arabia-raises-us13-bn-investors-buy-china-miracle?utm_source=rss_feed Sun, 27 Oct 2024 09:00:09 +0000 Enoch Yiu Enoch Yiu Hong Kong has the potential to become an international hub for marine insurance and related businesses, provided the city offers tax incentives and implements rules to make it easier for insurers to raise capital, according to a US insurance broking giant. “Hong Kong has a beautiful harbour, which makes the city a natural choice for the shipping industry and shipping insurance players to develop their business here,” Carl Hess, CEO of Willis Towers Watson (WTW), said in an exclusive interview... https://www.scmp.com/business/banking-finance/article/3283413/hong-kong-needs-playbook-become-marine-insurance-hub-broking-giant?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3283413/hong-kong-needs-playbook-become-marine-insurance-hub-broking-giant?utm_source=rss_feed Wed, 23 Oct 2024 00:30:07 +0000 Enoch Yiu,Aileen Chuang Enoch Yiu,Aileen Chuang A potent mix of risks, from geopolitical tension to technology disruptions and climate change, is roiling global financial markets, according to the Hong Kong Monetary Authority (HKMA), which called for stronger prudential management to protect market stability. “Sailing through changes” – the theme for next month’s Global Financial Leaders’ Investment Summit organised by the city’s de facto central bank – will offer the time and venue for banks and money managers to reflect on the upheavals,... https://www.scmp.com/business/article/3283245/ai-geopolitics-climate-risk-and-private-credit-bankers-minds-hkmas-global-summit?utm_source=rss_feed https://www.scmp.com/business/article/3283245/ai-geopolitics-climate-risk-and-private-credit-bankers-minds-hkmas-global-summit?utm_source=rss_feed Mon, 21 Oct 2024 23:30:08 +0000 Aileen Chuang,Enoch Yiu Aileen Chuang,Enoch Yiu Hong Kong’s de facto central bank plans to turn its annual bankers’ summit into an “anchor event” for the world’s financial industry in the second half of every year, as seats for the 2024 edition have been fully reserved a month ahead of its scheduled commencement. More than 100 chairpersons and CEOs of global banks have confirmed their attendance at the third edition of the Global Financial Leaders’ Investment Summit from November 18 to 20, according to the Hong Kong Monetary Authority (HKMA).... https://www.scmp.com/business/banking-finance/article/3283166/ceos-citi-morgan-stanley-bnp-among-300-bankers-attend-hong-kongs-2024-summit?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3283166/ceos-citi-morgan-stanley-bnp-among-300-bankers-attend-hong-kongs-2024-summit?utm_source=rss_feed Mon, 21 Oct 2024 03:40:59 +0000 Enoch Yiu Enoch Yiu Wealthy European families are increasingly interested in investing in Hong Kong and setting up family offices in the city to diversify their portfolios and tap China’s long-term growth prospects, according to BNP Paribas. “Hong Kong has implemented a very attractive framework to develop the family office business, which is good for our clients and for us,” said Vincent Lecomte, the French bank’s global wealth-management CEO. “This is why we are very supportive of all the initiatives, ranging... https://www.scmp.com/business/banking-finance/article/3282997/chinas-long-term-growth-story-draws-european-family-offices-hong-kong?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3282997/chinas-long-term-growth-story-draws-european-family-offices-hong-kong?utm_source=rss_feed Sun, 20 Oct 2024 23:30:22 +0000