https://www.scmp.com/rss/521907/feed BNP Paribas: A French multinational universal bank and financial services holding company headquartered in Paris, it is a leading entity in the financial services sector. It offers a comprehensive range of products including retail, corporate, and institutional banking, asset and wealth management, and insurance. Serving individuals, companies, and institutions globally, its wealth management arm advises family offices on asset reallocation and financial trends. [Context, 4, 10] BNP Paribas is... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Yulu Ao Yulu Ao China’s fast-growing energy storage sector is drawing fresh interest from capital markets, with Sigenergy Technology becoming the latest to tap Hong Kong for funding, as companies ride a global push for renewable energy. The Shanghai-based firm was seeking to raise about HK$4.4 billion (US$561.6 million) via an initial public offering (IPO), according to its prospectus on Wednesday, as investor appetite builds around battery storage and smart energy systems that complement solar and electric... https://www.scmp.com/business/china-business/article/3349346/chinas-sigenergy-technology-seeks-us5616-million-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349346/chinas-sigenergy-technology-seeks-us5616-million-hong-kong-ipo?utm_source=rss_feed Wed, 08 Apr 2026 06:48:25 +0000 Xiaofei Xu Xiaofei Xu Luxury is back. Following a relatively stagnant 2025, the industry is forecast to accelerate in 2026, with China’s long-awaited recovery emerging as a pivotal factor, even as the war in Iran casts a shadow over global markets, according to analysts. Estimates vary, but HSBC, Deutsche Bank and BNP Paribas all forecast global sales growth ranging from 5.5 to 6 per cent this year. “We believe it is time to look at the sector, as we think the organic sales growth rate should further accelerate in... https://www.scmp.com/economy/global-economy/article/3348902/chinas-luxury-spending-seen-boosting-global-sales-2026-despite-headwinds?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3348902/chinas-luxury-spending-seen-boosting-global-sales-2026-despite-headwinds?utm_source=rss_feed Sun, 05 Apr 2026 10:00:11 +0000 Peggy Ye Peggy Ye Taiwan’s dominance in semiconductors is no longer just reshaping global technology supply chains – it is also redrawing the island’s financial landscape, as international banks move to capture the wealth being created across the chip ecosystem. From first-generation chip entrepreneurs setting up family offices to retail investors pouring money into exchange-traded funds (ETFs), the capital generated by Taiwan’s technology boom is spreading across multiple layers of the economy. Global lenders... https://www.scmp.com/business/article/3348941/global-banks-carve-out-roles-semiconductor-wealth-redraws-taiwans-finance-map?utm_source=rss_feed https://www.scmp.com/business/article/3348941/global-banks-carve-out-roles-semiconductor-wealth-redraws-taiwans-finance-map?utm_source=rss_feed Sat, 04 Apr 2026 03:30:11 +0000 Zhang Shidong Zhang Shidong South Korea and Japan have led declines in global stock markets amid the oil shock, underscoring how supply disruptions in the Middle East are weighing on growth in economies heavily reliant on fuel imports. The Kospi index in Seoul has slumped 12 per cent since the US-Israel war with Iran broke out on February 28, while Tokyo’s Nikkei 225 has slid nearly 9 per cent. South Korea last week moved to cap oil price increases to limit inflation, while rising crude costs added to price pressures in... https://www.scmp.com/business/china-business/article/3346729/south-korea-and-japan-bear-brunt-global-stock-sell-offs-amid-oil-shock?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346729/south-korea-and-japan-bear-brunt-global-stock-sell-offs-amid-oil-shock?utm_source=rss_feed Mon, 16 Mar 2026 23:30:07 +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 Yulu Ao Yulu Ao US investors stepped up purchases of mainland and Hong Kong equities in the fourth quarter, while Chinese funds continued to channel money into US stocks, underscoring deep two-way capital ties despite geopolitical tensions. Data from the US Treasury’s International Capital system showed that US investors were net buyers of US$9 billion worth of Asian equities in the last quarter of 2025, bringing total net purchases for the year to US$80 billion, according to a report from BNP Paribas. Of that... https://www.scmp.com/business/china-business/article/3344456/us-investors-increase-buying-hong-kong-mainland-chinese-stocks-despite-trade-tensions?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344456/us-investors-increase-buying-hong-kong-mainland-chinese-stocks-despite-trade-tensions?utm_source=rss_feed Tue, 24 Feb 2026 09:00:28 +0000 Bloomberg Bloomberg China’s crackdown on borrowing by local governments is forcing state-run entities in even some of the wealthiest provinces to tap costly credit from non-bank lenders, a stopgap that is increasing risk in an opaque corner of the financial system. The borrowing marks a return of China’s shadow-banking market, which is more loosely regulated than traditional lenders and had been reined in over the past few years in a bid to reduce risk. Since September, industrial investment arms and financing... https://www.scmp.com/business/banking-finance/article/3335311/chinas-risky-shadow-banks-back-spotlight-after-beijings-debt-crackdown?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3335311/chinas-risky-shadow-banks-back-spotlight-after-beijings-debt-crackdown?utm_source=rss_feed Fri, 05 Dec 2025 06:57:34 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma French President Emmanuel Macron sought to improve relations with Beijing as he started a three-day trip amid Europe-China tensions over trade, rare earth minerals and the Ukraine war. “Sometimes there are differences, but it is our responsibility to overcome them for the greater good,” Macron told Chinese President Xi Jinping during talks in Beijing on Thursday. Xi said China was ready to work with France “to exclude any interference” and “make the comprehensive strategic partnership between... https://www.scmp.com/plus/article/3335185/macron-bypasses-eu-bid-boost-france-china-ties?utm_source=rss_feed https://www.scmp.com/plus/article/3335185/macron-bypasses-eu-bid-boost-france-china-ties?utm_source=rss_feed Thu, 04 Dec 2025 09:00:53 +0000 Julie Zhang Julie Zhang China’s top securities watchdog appeared in public just hours after he was reported to have offered his resignation, in what analysts said could be an effort by authorities to prevent market destabilisation. The China Securities Regulatory Commission (CSRC) said in a statement on Thursday that its chairman Wu Qing was travelling to France and Brazil from November 10 to 13. It also displayed photos on its website of Wu taking part in meetings in the two countries. The prompt and rare publicity of... https://www.scmp.com/business/banking-finance/article/3332701/chinas-market-regulator-wu-qing-appears-public-after-resignation-report?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3332701/chinas-market-regulator-wu-qing-appears-public-after-resignation-report?utm_source=rss_feed Thu, 13 Nov 2025 14:41:19 +0000 Julie Zhang Julie Zhang The Hong Kong government priced a record HK$10 billion (US$1.3 billion) tokenised green bond offering on Monday, completing the world’s first government issuance to allow settlement using digital-fiat currencies as the city pushes to burnish its standing as a global hub for digital assets. “Hong Kong is uniquely positioned to connect traditional finance to the digital asset era,” said Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury, in an announcement published by the... https://www.scmp.com/business/banking-finance/article/3332391/hong-kong-prices-worlds-first-government-bonds-tokenised-settlement?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3332391/hong-kong-prices-worlds-first-government-bonds-tokenised-settlement?utm_source=rss_feed Tue, 11 Nov 2025 14:46:26 +0000 Enoch Yiu Enoch Yiu Hong Kong has seen a sharp increase in wealthy clients opening accounts to manage their assets this year, surpassing other centres like Singapore as the most favourable destination for asset management, according to a report released on Thursday by the Private Wealth Management Association (PWMA) and KPMG China. Some 44 per cent of PWMA members, including top global private banks like UBS, BNP Paribas, HSBC, Morgan Stanley and JPMorgan, said their clients preferred Hong Kong over other cities –... https://www.scmp.com/business/banking-finance/article/3331739/hong-kong-roars-ahead-top-wealth-hub-overtaking-singapore?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3331739/hong-kong-roars-ahead-top-wealth-hub-overtaking-singapore?utm_source=rss_feed Thu, 06 Nov 2025 06:46:50 +0000 Xiaofei Xu Xiaofei Xu Vice-Premier He Lifeng has vowed that China will continue to expand the “high-level opening up” of its financial sector and welcome more investment by foreign financial institutions and long-term capital. “China will unswervingly expand high-level opening up in the financial sector and accelerate the building of a modern financial powerhouse,” he said in a statement published on Tuesday. The Chinese vice-premier made the comments during a meeting with the National Financial Regulatory... https://www.scmp.com/economy/china-economy/article/3330712/chinese-vice-premier-vows-further-opening-financial-sector?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3330712/chinese-vice-premier-vows-further-opening-financial-sector?utm_source=rss_feed Wed, 29 Oct 2025 03:04:19 +0000 Mia Nurmamat,Sylvia Ma Mia Nurmamat,Sylvia Ma Ahead of an anticipated interest rate cut from the US Federal Reserve this week, the offshore yuan strengthened past a rate of 7.1 against the US dollar for the first time in nearly a year – another milestone reached in a gradual shift of China's monetary policy that has seen the currency gain ground over the last month. On Wednesday morning, the offshore yuan reached 7.0999 per US dollar, its strongest showing since November. It was trading at 7.1027 as of Wednesday afternoon. The People’s Bank... https://www.scmp.com/economy/policy/article/3325822/chinas-offshore-yuan-strengthens-further-against-us-dollar-rate-cuts-loom?utm_source=rss_feed https://www.scmp.com/economy/policy/article/3325822/chinas-offshore-yuan-strengthens-further-against-us-dollar-rate-cuts-loom?utm_source=rss_feed Wed, 17 Sep 2025 06:00:35 +0000 Morning Studio editors Morning Studio editors As Asia’s private wealth landscape continues to expand, families and entrepreneurs are seeking ever more sophisticated solutions to manage, protect and grow their assets. This dynamic environment is driving the evolution of family office strategies that move beyond conventional models to focus not only on wealth creation but also on long-term preservation and seamless succession. Navigating Asia’s wealth hubs BNP Paribas Wealth Management’s presence in Asia is built on dual hubs in Hong Kong and... https://www.scmp.com/business/banking-finance/article/3323056/bnp-paribas-european-strength-asian-entrepreneurs-and-families?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3323056/bnp-paribas-european-strength-asian-entrepreneurs-and-families?utm_source=rss_feed Thu, 28 Aug 2025 05:00:09 +0000 Enoch Yiu Enoch Yiu Global family offices have allocated more of their assets to Hong Kong, China, Japan and Europe at the expense of the US amid market uncertainties triggered by American tariffs, BNP Paribas Wealth Management said. Arnaud Tellier, the Asia CEO of the French bank’s wealth-management unit, said its family office clients shifted their investment strategies after US President Donald Trump rolled out his slate of tariffs in April. “Many are actively diversifying away from US dollar assets, increasing... https://www.scmp.com/business/article/3315891/family-offices-shift-assets-hong-kong-china-and-europe-us-bnp-paribas?utm_source=rss_feed https://www.scmp.com/business/article/3315891/family-offices-shift-assets-hong-kong-china-and-europe-us-bnp-paribas?utm_source=rss_feed Thu, 26 Jun 2025 06:00:15 +0000