https://www.scmp.com/rss/521919/feed Huatai Securities: A leading integrated securities group in China, headquartered in Nanjing, Huatai Securities specialises in comprehensive financial services. These include wealth management, institutional services, investment management, and international business, serving individual, enterprise, and institutional clients globally. The company is noted for its substantial customer base and leading e-Platform. Notable achievements include dominating China’s securities trading volume since 2014... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Zhang Shidong Zhang Shidong An overhaul of listing and trading rules has driven a 16-year-old board for start-ups on the Shenzhen Stock Exchange to an all-time high, and traders believe the listed companies’ above-average earnings growth and exposure to renewable energy will extend the record-setting run. The ChiNext 50 Index of the board’s 50 biggest stocks and the ChiNext Composite Index both broke highs set in 2015 this week, outpacing other equity gauges of yuan-denominated stocks, which have yet to fully recoup their... https://www.scmp.com/business/china-business/article/3351146/chinext-shenzhens-nasdaq-emerges-investor-darling-start-indexes-smash-records?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351146/chinext-shenzhens-nasdaq-emerges-investor-darling-start-indexes-smash-records?utm_source=rss_feed Fri, 24 Apr 2026 02:00:15 +0000 Ralph Jennings Ralph Jennings China has launched a bond-market-connect scheme with Brazil, Chinese media outlets reported this week, marking the first such link among emerging markets. Schemes such as this one, often dubbed “connects” between Chinese bond or stock markets and their offshore counterparts, typically allow investors to bypass special permits or capital-flow controls when trading on either side’s exchanges. China now maintains at least five offshore capital-market “connect” schemes on three continents. Hong... https://www.scmp.com/economy/global-economy/article/3351185/brazil-beckoned-china-now-has-stock-and-bond-connect-schemes-these-5-regions?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3351185/brazil-beckoned-china-now-has-stock-and-bond-connect-schemes-these-5-regions?utm_source=rss_feed Thu, 23 Apr 2026 23:00:10 +0000 Zhang Shidong Zhang Shidong Orient Securities’ buyout of a smaller rival to create a new entity with at least 580 billion yuan (US$85 billion) in assets is a sign that the government-led consolidation of the brokerage industry is deepening, underscoring Beijing’s determination to cultivate bigger investment banks to take on global rivals. In an exchange statement on Sunday night, Orient Securities said it planned to acquire 100 per cent of Shanghai Securities through the sale of new shares and cash, without disclosing the... https://www.scmp.com/business/china-business/article/3350685/orient-securities-buyout-create-us85b-brokerage-beijing-pushes-consolidation?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350685/orient-securities-buyout-create-us85b-brokerage-beijing-pushes-consolidation?utm_source=rss_feed Mon, 20 Apr 2026 05:41:12 +0000 Ben Jiang Ben Jiang China is gaining from America’s trillion-dollar artificial intelligence spending spree despite Washington’s efforts to curb Chinese technology ties, as the US data centre boom ripples through Asian technology supply chains, according to research by Oxford Economics. Roughly US$2 trillion worth of data-centre projects are planned or under way in the US, according to a report by the consultancy, with as much as three-quarters of the cost tied to equipment such as semiconductors and servers. That... https://www.scmp.com/tech/tech-trends/article/3350010/china-quietly-profits-us-ai-boom-despite-washingtons-tech-curbs-research?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3350010/china-quietly-profits-us-ai-boom-despite-washingtons-tech-curbs-research?utm_source=rss_feed Tue, 14 Apr 2026 07:00:08 +0000 Vincent Chow Vincent Chow Chinese artificial intelligence start-ups Zhipu AI and MiniMax have shown early signs of sustainable commercialisation of their AI models, analysts said, as investors continue to pump up their Hong Kong stocks despite widening losses. That assessment comes as the companies reported their first earnings since their respective initial public offerings in early January, providing a glimpse into the business models of an industry still in its infancy globally. The South China Morning Post takes a... https://www.scmp.com/tech/tech-trends/article/3348699/what-zhipu-and-minimaxs-first-post-ipo-earnings-say-about-2-chinese-ai-start-ups?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3348699/what-zhipu-and-minimaxs-first-post-ipo-earnings-say-about-2-chinese-ai-start-ups?utm_source=rss_feed Thu, 02 Apr 2026 02:00:09 +0000 Sylvia Ma Sylvia Ma Oil prices have surged amid the US-Israel conflict with Iran, with attacks having disrupted shipping through the Strait of Hormuz – a critical chokepoint that roughly one-fifth of the world’s daily oil consumption moves through. With memories of 1970s stagflation still lingering, many are asking whether this is the start of another major oil crisis. Below is a concise look at prior shocks and what history suggests today. What happened during the 1970s oil shocks The first oil crisis in 1973-74... https://www.scmp.com/economy/global-economy/article/3348425/how-hormuz-attacks-stoke-oil-shock-fears-and-memories-1970s-stagflation?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3348425/how-hormuz-attacks-stoke-oil-shock-fears-and-memories-1970s-stagflation?utm_source=rss_feed Mon, 30 Mar 2026 12:30:14 +0000 Daniel Ren Daniel Ren Transactions of pre-owned homes in major Chinese cities led by Shanghai surged in March, fuelling expectations that the country’s embattled property sector may be stabilising. Analysts and brokers said a more active resale market pointed to a gradual return of confidence among homebuyers after a three-year downturn. In Shanghai, about 22,000 second-hand homes changed hands between March 1 and 23, up 170 per cent from the same period a month earlier, according to data from local financial outlet... https://www.scmp.com/business/banking-finance/article/3348255/rising-second-hand-home-sales-offer-tentative-signs-floor-chinas-property-slump?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348255/rising-second-hand-home-sales-offer-tentative-signs-floor-chinas-property-slump?utm_source=rss_feed Sun, 29 Mar 2026 06:00:34 +0000 Ben Jiang Ben Jiang Shares of Chinese short-video platform Kuaishou fell more than 13 per cent to HK$45.96 by midday in Hong Kong on Thursday, a day after reporting strong sales growth, as analysts warned that its core advertising and live-streaming businesses could face mounting pressure this year. The sharp decline reflected investor concerns over a cautious growth outlook for the Beijing-based firm, compounded by its heavy spending on artificial intelligence, according to Zhang Xueru, an analyst at investment... https://www.scmp.com/tech/article/3347951/chinas-kuaishou-slumps-analysts-flag-growth-pressure-despite-strong-results?utm_source=rss_feed https://www.scmp.com/tech/article/3347951/chinas-kuaishou-slumps-analysts-flag-growth-pressure-despite-strong-results?utm_source=rss_feed Thu, 26 Mar 2026 05:28:50 +0000 Julie Zhang Julie Zhang The wealth management businesses of Chinese investment banks in Hong Kong are growing faster than those of international rivals, as a buoyant initial public offering (IPO) market and rising cross-border flows strengthen their competitive edge. “Chinese investment banks are seeing accelerated growth … because [their] base is smaller and the current market environment favours them,” said Wang Lei, CEO of Huatai Financial Holdings (Hong Kong), in an interview with the South China Morning Post,... https://www.scmp.com/business/china-business/article/3346865/chinese-banks-outpace-rivals-hong-kong-wealth-growth-ipo-boom-capital-flows?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346865/chinese-banks-outpace-rivals-hong-kong-wealth-growth-ipo-boom-capital-flows?utm_source=rss_feed Tue, 17 Mar 2026 23:30:09 +0000 Zhang Shidong Zhang Shidong OpenClaw has sparked frenzied buying on mainland China’s stock markets, defying the broader gloom stemming from Middle East hostilities, as investors chase companies compatible with deploying the open-source artificial intelligence tool. OpenClaw’s meteoric rise has fuelled the so-called “lobster” trade, a buzzword coined by traders after the AI tool’s logo. Hangzhou Shunwang Technology, which claimed it had embedded OpenClaw in its AI cloud infrastructure, soared 21 per cent in Shenzhen over... https://www.scmp.com/business/china-business/article/3346307/openclaw-frenzy-diverts-chinese-investors-lobster-trade-amid-us-iran-war?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346307/openclaw-frenzy-diverts-chinese-investors-lobster-trade-amid-us-iran-war?utm_source=rss_feed Thu, 12 Mar 2026 05:00:10 +0000 Enoch Yiu Enoch Yiu When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago, his work involved US dollars, UK pounds, Japanese yen and various European and Asian currencies – but not Chinese yuan. “Back then, there was no yuan trading at all as, in fact, the internationalisation of the yuan only started in 2009,” recalled Chan, who has worked for various Chinese banks. Beijing’s decision that year to promote its currency for wider use in trade,... https://www.scmp.com/business/banking-finance/article/3344464/why-chinas-path-financial-superpower-status-could-begin-hong-kong?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3344464/why-chinas-path-financial-superpower-status-could-begin-hong-kong?utm_source=rss_feed Tue, 24 Feb 2026 15:00:09 +0000 Cao Li Cao Li Leading Chinese broker Huatai Securities plans to raise up to HK$10 billion (US$1.3 billion) through the issuance of zero-coupon convertible bonds to support its international expansion, according to a Hong Kong stock exchange filing on Tuesday. The company expects net proceeds of about HK$9.9 billion after commissions and expenses, with the funds earmarked for overseas business development and to bolster working capital. The bonds will carry no interest and mature in February 2027. Investors... https://www.scmp.com/business/article/3342184/chinas-huatai-securities-raise-us13-billion-fund-overseas-push?utm_source=rss_feed https://www.scmp.com/business/article/3342184/chinas-huatai-securities-raise-us13-billion-fund-overseas-push?utm_source=rss_feed Tue, 03 Feb 2026 04:02:24 +0000 Themis Qi,Zhang Shidong Themis Qi,Zhang Shidong Shares of Chinese electricity and grid equipment makers surged after State Grid unveiled a 4 trillion yuan (US$574 billion) plan to upgrade the country’s power networks, as surging demand and the global race in artificial intelligence drive investment in energy infrastructure. Transformer makers Sieyuan Electric and Shanghai Guangdian Electric triggered the trading halt mechanism after surging 10 per cent on Friday morning. At least 11 mainland-listed companies rose 10 per cent or more in the... https://www.scmp.com/business/china-business/article/3340098/chinese-power-stocks-surge-state-grids-record-us574-billion-investment-plan?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340098/chinese-power-stocks-surge-state-grids-record-us574-billion-investment-plan?utm_source=rss_feed Fri, 16 Jan 2026 04:11:43 +0000 Sylvia Ma Sylvia Ma China’s currency appears poised to break through the psychological 7.0-per-dollar barrier next year, fuelled by US Federal Reserve rate cuts and thawing trade tensions, with some bulls betting that the yuan could strengthen to 6.8. Analysts and onlookers are increasingly optimistic, with some citing the potential for a relatively weaker US dollar and pointing to signs that Beijing’s policy support is stabilising the world’s second-largest economy. Guan Tao, a former senior official with China’s... https://www.scmp.com/economy/china-economy/article/3336453/chinas-currency-comeback-yuan-seen-strong-68-2026-breaking-key-dollar-level?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3336453/chinas-currency-comeback-yuan-seen-strong-68-2026-breaking-key-dollar-level?utm_source=rss_feed Mon, 15 Dec 2025 06:30:41 +0000 Zhang Shidong Zhang Shidong Investors are gearing up for a key economic policy meeting to be attended by President Xi Jinping and other top leaders, looking for signals on whether the high-stakes gathering will inject fresh momentum into a stock rally that has already run hard this year. The annual Central Economic Work Conference – a year-end fixture that sets the tone for the following year’s macroeconomic agenda – is taking centre stage, with the market in need of new catalysts to extend a solid run this year. Investors... https://www.scmp.com/business/china-business/article/3335720/investors-brace-beijings-policy-huddle-tests-durability-china-stock-rebound?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3335720/investors-brace-beijings-policy-huddle-tests-durability-china-stock-rebound?utm_source=rss_feed Wed, 10 Dec 2025 01:29:56 +0000 Mia Nurmamat Mia Nurmamat China’s finance minister has called for a more proactive fiscal policy to boost domestic demand, strengthen industrial security and advance technological self-reliance while mitigating debt risks, as Beijing prepares for one of its most important economic planning meetings of the year. Finance Minister Lan Foan outlined the country’s top fiscal priorities on Tuesday in an editorial published in the People’s Daily, the ruling Communist Party’s flagship newspaper. He stressed the need to support... https://www.scmp.com/economy/policy/article/3334924/chinas-finance-minister-calls-more-fiscal-firepower-beijing-weighs-2026-agenda?utm_source=rss_feed https://www.scmp.com/economy/policy/article/3334924/chinas-finance-minister-calls-more-fiscal-firepower-beijing-weighs-2026-agenda?utm_source=rss_feed Tue, 02 Dec 2025 12:30:18 +0000 Zhang Shidong Zhang Shidong China International Capital Corp (CICC) plans to absorb two smaller brokerages to create a new entity worth 1 trillion yuan (US$140 billion) in assets, as a state-led consolidation gathers pace to meet Beijing’s goal of creating investment banks that can compete with the likes of Goldman Sachs. CICC would take over Dongxing Securities and Cinda Securities through stock swaps with the shareholders of the two peers, it said in an exchange statement on Wednesday night, without giving details.... https://www.scmp.com/business/china-business/article/3333480/cicc-absorb-2-smaller-rivals-create-us140-billion-brokerage?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3333480/cicc-absorb-2-smaller-rivals-create-us140-billion-brokerage?utm_source=rss_feed Thu, 20 Nov 2025 03:13:17 +0000 Zhang Shidong Zhang Shidong China’s bond market is set to gain further momentum, buoyed by the central bank’s resumption of government debt purchases, as softer economic data and downward pressure on growth necessitate further policy easing, according to analysts. Huayuan Securities forecast that the upward trend was likely to drive the yield on China’s benchmark 10-year sovereign bond down to 1.65 per cent within this year. Southwest Securities predicted a drop to 1.7 per cent. The yield currently stands at 1.808 per... https://www.scmp.com/business/china-business/article/3333369/chinas-bond-market-gains-central-bank-resumes-debt-purchases-amid-growth-concerns?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3333369/chinas-bond-market-gains-central-bank-resumes-debt-purchases-amid-growth-concerns?utm_source=rss_feed Wed, 19 Nov 2025 23:30:10 +0000 Carol Yang Carol Yang China’s central bank vowed to maintain an accommodative monetary policy stance and improve policy transmission to support the “steady” economy in its latest quarterly report, which analysts said signalled a reduced urgency for rate cuts. The People’s Bank of China will implement a “moderately loose” monetary policy and ensure “reasonable and ample” liquidity to serve the real economy, according to the report released on Tuesday. Despite facing domestic and external challenges, the Chinese... https://www.scmp.com/economy/china-economy/article/3332493/chinas-central-bank-projects-confidence-are-rate-cuts-back-burner?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3332493/chinas-central-bank-projects-confidence-are-rate-cuts-back-burner?utm_source=rss_feed Wed, 12 Nov 2025 10:00:57 +0000 Yulu Ao Yulu Ao Shares of Seres Group fell on their debut in Hong Kong on Wednesday, the first US$1 billion IPO in the city this year not to register gains on the first day of trading. Seven other IPOs, including battery-maker Contemporary Amperex Technology (CATL), which raised US$5.3 billion in May, sizzled on debut. Trading under the stock code 9927, shares of Chongqing-based Seres closed unchanged at HK$131.50, after slumping as much as 10.3 per cent. It first changed hands at HK$128.90, compared with the... https://www.scmp.com/business/china-business/article/3331556/chinese-ev-maker-seres-shares-slump-37-hong-kong-debut?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3331556/chinese-ev-maker-seres-shares-slump-37-hong-kong-debut?utm_source=rss_feed Wed, 05 Nov 2025 02:10:05 +0000 Kandy Wong,Sylvia Ma Kandy Wong,Sylvia Ma When US President Donald Trump fired the opening salvoes of his country’s trade war with China in his first term, Beijing’s currency was on the front lines. By 2019, the yuan had tumbled past the benchmark value of seven per US dollar for the first time in over a decade, rattling investors and fuelling speculation that Beijing was allowing depreciation to mitigate the effects of tariffs. As Washington and Beijing began to lock horns once again, with Trump’s second White House foray bringing with... https://www.scmp.com/economy/global-economy/article/3331309/china-holds-line-trade-war-20-its-yuan-follows-suit?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3331309/china-holds-line-trade-war-20-its-yuan-follows-suit?utm_source=rss_feed Tue, 04 Nov 2025 22:00:09 +0000 Zhang Shidong Zhang Shidong Meituan expects to raise US$3 billion from a dual-currency bond offering, as the Chinese on-demand delivery giant looks to bolster its war chest to stave off the challenge from rivals led by Alibaba Group Holding and JD.com. The Beijing-based company will offer US$1.99 billion in greenback-denominated bonds and 7.08 billion yuan (US$1 billion) of notes in the local currency, according to its statement to the Hong Kong stock exchange on Wednesday. Meituan said it had signed an agreement with... https://www.scmp.com/business/china-business/article/3330895/chinese-delivery-giant-meituan-eyes-us3-billion-bond-issue-amid-intense-competition?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3330895/chinese-delivery-giant-meituan-eyes-us3-billion-bond-issue-amid-intense-competition?utm_source=rss_feed Thu, 30 Oct 2025 08:56:29 +0000 Julie Zhang Julie Zhang Chinese new energy vehicle maker Seres Group, whose suppliers include Huawei Technologies, filed for an initial public offering (IPO) in Hong Kong on Monday, aiming to raise HK$13.18 billion (US$1.7 billion) amid a wave of long-term global capital flocking to Hong Kong listings. The EV maker plans to sell 100.2 million shares through its secondary listing in Hong Kong, with the offer price capped at HK$131.50 per share. The price determination date was expected to be around November 3, according... https://www.scmp.com/business/banking-finance/article/3330427/huawei-powered-chinese-ev-maker-seres-seeks-us17-billion-hong-kong-listing?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3330427/huawei-powered-chinese-ev-maker-seres-seeks-us17-billion-hong-kong-listing?utm_source=rss_feed Mon, 27 Oct 2025 05:15:06 +0000 Julie Zhang Julie Zhang This is the sixth and final part of the exclusive Capital Connectors series in which influential Chinese and global bankers reveal the opportunities and challenges for Hong Kong in its evolution as an international financial hub. If history serves as a guide, Hong Kong’s continued reign as a premier international financial centre depends on a time-tested formula: adapting to meet evolving needs, particularly in response to the development of China’s economy, according to Wang Lei, CEO of Huatai... https://www.scmp.com/business/banking-finance/article/3328550/hong-kongs-financial-future-hinges-adapting-chinas-hi-tech-pivot-huatai-ceo-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328550/hong-kongs-financial-future-hinges-adapting-chinas-hi-tech-pivot-huatai-ceo-says?utm_source=rss_feed Sat, 11 Oct 2025 00:30:08 +0000 Reuters Reuters JingDong Industrials, a unit of Chinese online retailer JD.com, is seeking to raise US$500 million with a Hong Kong initial public offering (IPO) as soon as the end of October, two sources with direct knowledge said, after the firm cleared a key regulatory hurdle. The company, also known as JDi, refiled for a Hong Kong listing on Sunday after receiving the green light from China’s securities regulator last week, more than two years after it first notified the China Securities Regulatory... https://www.scmp.com/business/banking-finance/article/3327233/chinas-jingdong-industrials-eyes-us500-million-hong-kong-ipo-sources-say?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3327233/chinas-jingdong-industrials-eyes-us500-million-hong-kong-ipo-sources-say?utm_source=rss_feed Mon, 29 Sep 2025 08:54:07 +0000 Zhang Shidong Zhang Shidong The rout in China’s bond market is expected to drag on as investors take on more risk and rotate out of fixed income products in search of better alternatives amid low interest rates. The shift to stocks from bonds is even more notable, given China’s sluggish economic data and a persistent deflationary trend, as investors seek greater returns, according to brokerages including Zhongtai Securities. Bonds are typically seen as safe-haven assets that can be used to hedge against weak growth. It is... https://www.scmp.com/business/china-business/article/3325693/china-bond-market-rout-likely-continue-investors-seek-riskier-assets-better-returns?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3325693/china-bond-market-rout-likely-continue-investors-seek-riskier-assets-better-returns?utm_source=rss_feed Tue, 16 Sep 2025 06:10:36 +0000 Alice Li Alice Li China, which already boasts the world’s largest energy-storage capacity, is set to nearly double that level by 2027, with an anticipated investment of 250 billion yuan (US$35 billion), according to Beijing’s latest action plan. As outlined in the action plan, China’s “new-energy storage system” capacity – primarily based on lithium-ion batteries – is set to exceed 180 gigawatts within two years, up from 95GW as of June. Released jointly by the National Development and Reform Commission and the... https://www.scmp.com/economy/economic-indicators/article/3325610/china-supercharge-energy-storage-tech-world-leading-advancements-2027?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3325610/china-supercharge-energy-storage-tech-world-leading-advancements-2027?utm_source=rss_feed Mon, 15 Sep 2025 11:00:08 +0000 Alice Li Alice Li The Chinese yuan is set to continue making gains against the US dollar over the coming months, as China’s central bank sets strong daily reference rates for the currency and traders bet on possible US interest rate cuts, analysts said. The People’s Bank of China set its strongest onshore yuan daily reference rate of the year on Friday, at 7.1030 per US dollar, with the yuan’s fixing rate gaining 0.65 per cent against the dollar over the month of August. On Monday, the central bank set the daily... https://www.scmp.com/economy/china-economy/article/3323909/chinas-yuan-set-more-gains-against-us-dollar-fed-sends-dovish-signals?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3323909/chinas-yuan-set-more-gains-against-us-dollar-fed-sends-dovish-signals?utm_source=rss_feed Mon, 01 Sep 2025 08:37:35 +0000 Ann Cao Ann Cao DeepSeek’s recently released V3.1 AI model has unleashed fresh optimism about the prospects of China developing advanced artificial intelligence semiconductors, according to analysts. The Hangzhou-based start-up’s updated model, which supports an innovative data format called UE8M0 FP8, was “ushering in a booming domestic computing power chain”, Huatai Securities analysts said in a research note on Tuesday. That architecture showed that the synergy between mainland-designed software and chips... https://www.scmp.com/tech/tech-war/article/3323235/tech-war-deepseeks-v31-model-emerges-key-pillar-chinas-chip-self-sufficiency?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3323235/tech-war-deepseeks-v31-model-emerges-key-pillar-chinas-chip-self-sufficiency?utm_source=rss_feed Tue, 26 Aug 2025 13:00:43 +0000 Julie Zhang Julie Zhang Shares of Shuangdeng Group, one of China’s largest makers of batteries and energy-storage systems, soared in their Hong Kong trading debut on Tuesday, as the city’s buoyant initial public offering (IPO) market continues to mint successful listings, especially for companies in the electric-vehicle boom. Trading under the stock sign 6960, Shuangdeng first changed hands at HK$22.50, a premium of 55 per cent to its offer price of HK$14.51 per share. It traded as high as HK$23.18 before retreating to... https://www.scmp.com/business/banking-finance/article/3323126/shuangdeng-shares-soar-55-hong-kong-debut-evs-and-batteries-drive-citys-ipo-boom?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3323126/shuangdeng-shares-soar-55-hong-kong-debut-evs-and-batteries-drive-citys-ipo-boom?utm_source=rss_feed Tue, 26 Aug 2025 01:38:26 +0000 Aileen Chuang Aileen Chuang Global investors have ramped up use of Chinese bonds in short-term borrowing agreements in Hong Kong, taking advantage of new measures from mainland and Hong Kong regulators that took effect on Monday. Several banks, securities firms and hedge funds completed their first trades under the offshore Bond Connect repurchase (repo) business set up by the Hong Kong Monetary Authority (HKMA), leveraging enhancements announced last month, including the repledging of bond collateral during the lifetime... https://www.scmp.com/business/banking-finance/article/3323060/chinese-bonds-find-fast-favour-hong-kong-short-term-borrowing-new-rules-take-effect?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3323060/chinese-bonds-find-fast-favour-hong-kong-short-term-borrowing-new-rules-take-effect?utm_source=rss_feed Mon, 25 Aug 2025 09:30:07 +0000 Alice Li Alice Li China’s debt relief campaign for local governments, launched last year, has delivered its first major success story after Inner Mongolia exited the central government’s high-risk list. The autonomous region was among 12 province-level jurisdictions flagged by Beijing for risky debt levels, with its exit revealed in a local budget review discussed internally in late July but only released to the public earlier this week. “[We must] consolidate the progress made in exiting the list of key... https://www.scmp.com/economy/china-economy/article/3320917/chinas-campaign-ease-local-government-debt-scores-first-big-win-inner-mongolia?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3320917/chinas-campaign-ease-local-government-debt-scores-first-big-win-inner-mongolia?utm_source=rss_feed Wed, 06 Aug 2025 06:16:04 +0000 Zhang Shidong Zhang Shidong The earnings season that is under way is likely to spur a solid run for Chinese stocks, as a sunnier macroeconomic environment keeps profit growth afloat. With the frenzy surrounding US tariffs settling down and a dearth of new economic policies from Beijing, investors are turning their attention to corporate earnings reports to see if the rally still has legs. So far, analysts seem to believe the results have been positive. Second-quarter profits for mainland-listed companies likely increased... https://www.scmp.com/business/china-business/article/3320885/chinese-corporate-earnings-are-likely-support-ongoing-run-stocks-analysts?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3320885/chinese-corporate-earnings-are-likely-support-ongoing-run-stocks-analysts?utm_source=rss_feed Wed, 06 Aug 2025 02:01:48 +0000 Sylvia Ma Sylvia Ma The passage of a sprawling budget bill has raised concerns over the long-term debt of the United States, which analysts said could compound already heightened worries over the reliability of the country’s currency as a safe-haven asset. Winning a narrow 218-214 vote in the House of Representatives on Thursday, the “One Big Beautiful Bill Act” – which raises spending on border security and defence while making the record tax cuts enacted in 2017 permanent – now heads to US President Donald Trump... https://www.scmp.com/economy/global-economy/article/3316991/did-trump-get-his-big-beautiful-bill-us-dollars-expense?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3316991/did-trump-get-his-big-beautiful-bill-us-dollars-expense?utm_source=rss_feed Fri, 04 Jul 2025 11:30:13 +0000 Alice Li Alice Li When South Korea reportedly halted its digital currency pilot programme this week in favour of stablecoins – cryptocurrencies pegged to a reference asset, typically a fiat currency – it sent shock waves through central banks across the world. It also left China – a pioneer in central bank-backed digital currencies with its digital yuan, or e-CNY – with an important question to answer, namely whether it should continue to explore such digital assets or revisit the possibility of adopting the... https://www.scmp.com/economy/china-economy/article/3316651/world-going-all-stablecoins-chinas-digital-yuan-any-different?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3316651/world-going-all-stablecoins-chinas-digital-yuan-any-different?utm_source=rss_feed Wed, 02 Jul 2025 09:30:08 +0000 Aileen Chuang Aileen Chuang SF Holding, China’s largest courier, announced plans on Thursday to raise more than HK$5.9 billion (US$752 million) through a new share placement in Hong Kong and the issuance of convertible bonds. Proceeds from the HK$2.9505 billion equity placement and HK$2.95 billion in zero-coupon one-year convertible bonds would be used for the firm’s international and cross-border logistics capabilities, as well as research and development of advanced technologies, among others, it said in a stock exchange... https://www.scmp.com/business/banking-finance/article/3315876/chinese-courier-sf-raise-us752-million-hong-kong-shares-convertible-bonds?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3315876/chinese-courier-sf-raise-us752-million-hong-kong-shares-convertible-bonds?utm_source=rss_feed Thu, 26 Jun 2025 04:15:21 +0000