https://www.scmp.com/rss/522807/feed The latest news and top stories on Tom Chan Pak-lam, the Permanent Honorary President and Director of the Institute of Securities Dealers. With over 30 years of management experience, including as Deputy Chairman of Success Universe Group and a qualified solicitor, his expertise encompasses corporate strategy, legal compliance, project financing, and mergers and acquisitions. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Enoch Yiu Enoch Yiu The University of Hong Kong (HKU) will begin a roadshow this week to gauge investor interest in a landmark bond programme that could raise up to HK$3 billion (US$385 million) to fund its planned expansion in the Northern Metropolis, according to people familiar with the matter. Scores of banks, insurance and pension companies and fund managers were invited to attend roadshows arranged by bankers including HSBC Holdings over the coming days, one source told the South China Morning Post on... https://www.scmp.com/business/article/3348432/hku-eyes-us385-million-bond-fund-northern-metropolis-expansion?utm_source=rss_feed https://www.scmp.com/business/article/3348432/hku-eyes-us385-million-bond-fund-northern-metropolis-expansion?utm_source=rss_feed Mon, 30 Mar 2026 12:30:38 +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 Enoch Yiu Enoch Yiu Arrests in a HK$315 million (US$40 million) insider dealing case underscore Hong Kong’s commitment to upholding the integrity of its stock market amid a surge in new listings and share placements, according to industry players. The Independent Commission Against Corruption (ICAC) on Thursday said it had arrested eight people after joining forces with the Securities and Futures Commission (SFC) earlier this week to raid premises connected to a hedge fund and two securities firms. The joint... https://www.scmp.com/business/markets/article/3346394/hong-kong-insider-trading-arrests-send-very-strong-message-market-integrity?utm_source=rss_feed https://www.scmp.com/business/markets/article/3346394/hong-kong-insider-trading-arrests-send-very-strong-message-market-integrity?utm_source=rss_feed Thu, 12 Mar 2026 23:00:10 +0000 Enoch Yiu Enoch Yiu HSBC Holdings, Xiaomi, AIA, Pop Mart International, Tsingtao Brewery and others are among about 650 listed companies that may need to change their trading unit under proposed reforms by bourse operator Hong Kong Exchanges and Clearing (HKEX). Market participants generally support the reform as it would bring Hong Kong’s stock market trading in line with international practices and allow retail investors to more easily trade a wider range of stocks, but they also warn of challenges in... https://www.scmp.com/business/markets/article/3345863/why-hkexs-board-lot-reform-could-pose-challenges-hsbc-and-others?utm_source=rss_feed https://www.scmp.com/business/markets/article/3345863/why-hkexs-board-lot-reform-could-pose-challenges-hsbc-and-others?utm_source=rss_feed Mon, 09 Mar 2026 00:15:12 +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 Enoch Yiu Enoch Yiu Hong Kong’s market regulator has ordered 13 investment banks to review their listing application and staffing procedures after finding widespread deficiencies in initial public offering (IPO) submissions, amid a surge in deal activity. The Securities and Futures Commission (SFC) found that many recent listing application documents contained “serious deficiencies”, potentially because some sponsors were handling too many deals without sufficient manpower or resources, its chief executive Julia... https://www.scmp.com/business/article/3342118/hong-kong-ipo-boom-strains-sponsors-regulator-steps-over-poor-applications?utm_source=rss_feed https://www.scmp.com/business/article/3342118/hong-kong-ipo-boom-strains-sponsors-regulator-steps-over-poor-applications?utm_source=rss_feed Mon, 02 Feb 2026 10:30:08 +0000 Enoch Yiu Enoch Yiu Hong Kong has struck a deal with the Shanghai Gold Exchange (SGE) to deepen cross-border connectivity in bullion trading, as the city steps up efforts to build a broader gold ecosystem spanning trading, clearing and storage. The agreement comes as gold prices hit a record high of US$5,110 per ounce on Tuesday morning, buoyed by geopolitical tensions and growing expectations of lower US interest rates, which have revived demand for the precious metal as a safe-haven asset. A government official... https://www.scmp.com/business/commodities/article/3341290/explainer-why-hong-kong-turning-shanghai-build-gold-hub?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3341290/explainer-why-hong-kong-turning-shanghai-build-gold-hub?utm_source=rss_feed Tue, 27 Jan 2026 02:00:14 +0000 Enoch Yiu Enoch Yiu HSBC Holdings’ exploration of options for its insurance business in Singapore may lead to a sale of the unit as the group reallocates resources to its insurance business in Hong Kong and mainland China, according to analysts. “It makes sense for HSBC to consider an exit from Singapore’s insurance market to focus on Hong Kong and mainland China, as so many mainlanders are coming to Hong Kong to buy insurance products here,” said Kenny Tang Sing-hing, chairman of the Hong Kong Institute of... https://www.scmp.com/business/banking-finance/article/3340173/hsbc-reviews-singapore-insurance-unit-amid-focus-high-growth-hong-kong-china?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3340173/hsbc-reviews-singapore-insurance-unit-amid-focus-high-growth-hong-kong-china?utm_source=rss_feed Fri, 16 Jan 2026 09:52:10 +0000 Enoch Yiu Enoch Yiu Hang Seng Bank will be removed from the Hang Seng Index after the close on January 14 if shareholders approve HSBC’s privatisation plan next week, ending the lender’s blue-chip run that dates back to 1972. Hang Seng Indexes, the index compiler and a unit of Hang Seng Bank, on Tuesday set out the timetable for changes across the benchmark index and other key gauges triggered by the proposed buyout. “It is a shame to see Hang Seng Bank removed from the benchmark index named after the bank. It has... https://www.scmp.com/business/article/3338198/end-era-hang-seng-bank-leave-hang-seng-index-after-53-years-if-buyout-passes?utm_source=rss_feed https://www.scmp.com/business/article/3338198/end-era-hang-seng-bank-leave-hang-seng-index-after-53-years-if-buyout-passes?utm_source=rss_feed Tue, 30 Dec 2025 13:10:28 +0000 Enoch Yiu Enoch Yiu With Nasdaq seeking US regulatory approval to extend its trading hours to 23 hours, some industry players believe local bourse operator Hong Kong Exchanges and Clearing (HKEX) will need to consider a similar move for certain products to enhance its competitiveness. HKEX chief executive Bonnie Chan Yiting did not mention trading hours in her blog on Monday, but she did say the bourse operator would expand into digital currencies and tokenisation over the next decade, which analysts pointed out... https://www.scmp.com/business/banking-finance/article/3336635/hong-kong-under-pressure-extend-trading-hours-amid-digital-asset-expansion?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3336635/hong-kong-under-pressure-extend-trading-hours-amid-digital-asset-expansion?utm_source=rss_feed Tue, 16 Dec 2025 09:45:25 +0000 Enoch Yiu Enoch Yiu HSBC Holdings, the biggest lender in Hong Kong and Europe, has appointed veteran accountant Brendan Nelson as group chairman, according to its filing to the Hong Kong stock exchange on Wednesday. Nelson, 75, has been serving as interim chairman since October 1, replacing Mark Tucker, who stepped down to become non-executive chairman of insurer AIA. The appointment surprised the market after HSBC CEO Georges Elhedery said a day earlier at a global banking summit in London that Nelson was not... https://www.scmp.com/business/banking-finance/article/3335051/hsbc-names-veteran-accountant-brendan-nelson-new-chairman-amid-asia-growth-push?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3335051/hsbc-names-veteran-accountant-brendan-nelson-new-chairman-amid-asia-growth-push?utm_source=rss_feed Wed, 03 Dec 2025 09:28:13 +0000 Enoch Yiu Enoch Yiu Hong Kong’s insurance sector is expected to face record claims of HK$2.6 billion (US$334 million) related to the deadly fire in Tai Po, the worst in seven decades that claimed 75 lives and seriously damaged seven buildings, according to industry insiders. The fire would lead to a surge in insurance payments for personal and property coverage in the coming year, they said. The Insurance Authority on Thursday set up a special task force led by senior executives to ensure all insurance companies... https://www.scmp.com/business/banking-finance/article/3334379/hong-kong-insurers-liable-payouts-us334-million-related-deadly-tai-po-fire?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3334379/hong-kong-insurers-liable-payouts-us334-million-related-deadly-tai-po-fire?utm_source=rss_feed Thu, 27 Nov 2025 10:28:21 +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 Enoch Yiu Enoch Yiu The Hong Kong government is expected to renew the contract of Julia Leung Fung-yee as the CEO of the market regulator Securities and Futures Commission (SFC) for another two years, according to two separate sources. Leung, a former journalist at The Asian Wall Street Journal, started her term as the first female head of the SFC in January 2023. Her current three-year term will expire at the end of this year, but sources familiar with the matter said the government would like her to serve another... https://www.scmp.com/business/markets/article/3328137/hong-kong-renew-contract-sfc-ceo-julia-leung-another-two-years-sources?utm_source=rss_feed https://www.scmp.com/business/markets/article/3328137/hong-kong-renew-contract-sfc-ceo-julia-leung-another-two-years-sources?utm_source=rss_feed Tue, 07 Oct 2025 11:00:11 +0000 Enoch Yiu Enoch Yiu From semiconductors to artificial intelligence and robotics, more mainland Chinese technology firms plan to list in Hong Kong, which would serve as their launch pad to expand overseas and transform into global businesses. Some of the mainland firms currently looking to list in the city include China Micro Semicon (Shenzhen), Suzhou Dongshan Precision Manufacturing and Mech-Mind Robotics Technologies. The increased interest from mainland tech firms to list in Hong Kong reflects how the city... https://www.scmp.com/business/china-business/article/3326727/chinese-tech-firms-rush-list-hong-kong-fund-overseas-expansion?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3326727/chinese-tech-firms-rush-list-hong-kong-fund-overseas-expansion?utm_source=rss_feed Wed, 24 Sep 2025 12:48:57 +0000 Enoch Yiu Enoch Yiu A court case has thrust the financial practices of Hong Kong’s international schools into the spotlight, prompting fresh scrutiny of how they raise funds with debentures and capital levies. On Wednesday, the US-based Lutheran Church-Missouri Synod (LCMS), which co-founded the Hong Kong International School (HKIS), said it would sue the school’s operator for allegedly breaching an operational agreement, accusing the institution of serving only the “rich and privileged few” and amassing excessive... https://www.scmp.com/business/article/3325387/hong-kong-international-schools-debentures-and-capital-levies-how-do-they-work?utm_source=rss_feed https://www.scmp.com/business/article/3325387/hong-kong-international-schools-debentures-and-capital-levies-how-do-they-work?utm_source=rss_feed Sat, 13 Sep 2025 01:03:55 +0000 Enoch Yiu Enoch Yiu HSBC, the biggest lender in Hong Kong, announced a reshuffle of its senior executives to strengthen its wealth management business, as subsidiary Hang Seng Bank faces higher property credit losses. Starting next month and contingent on regulatory approval, Maggie Ng would assume the role of HSBC Hong Kong CEO, in addition to her existing duties as head of retail banking and wealth for the Hong Kong unit, the bank said on Thursday. Ng will replace Luanne Lim, who will take on the CEO role at... https://www.scmp.com/business/banking-finance/article/3324383/hsbc-reshuffles-leadership-wealth-head-maggie-ng-taking-hong-kong-ceo-role?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3324383/hsbc-reshuffles-leadership-wealth-head-maggie-ng-taking-hong-kong-ceo-role?utm_source=rss_feed Thu, 04 Sep 2025 12:33:45 +0000 Enoch Yiu Enoch Yiu Hong Kong stands to benefit as a family office hub and impact investment centre, according to industry observers, after a survey showed ESG investments account for a growing share of the portfolios of nine out of 10 family offices globally. According to a study released on Wednesday by the Sustainable Finance Initiative (SFI), ESG investments – which seek to improve society, reduce pollution and address climate change risks – accounted for at least half of the portfolio for nearly 20 per cent of... https://www.scmp.com/business/money/article/3324205/hong-kong-emerges-hub-impact-investments-90-family-offices-embrace-esg?utm_source=rss_feed https://www.scmp.com/business/money/article/3324205/hong-kong-emerges-hub-impact-investments-90-family-offices-embrace-esg?utm_source=rss_feed Wed, 03 Sep 2025 10:45:08 +0000 Oscar Liu,Emily Hung Oscar Liu,Emily Hung Hong Kong authorities have ordered an investigation and set up a task force to review official procurement processes after a company supplied bottled water that listed a mainland Chinese brand as a manufacturer without its permission. The Financial Services and the Treasury Bureau outlined its plan on Sunday, a day after the Government Logistics Department partially terminated a HK$52.9 million deal with bottled water supplier Xin Ding Xin Trade because it doubted whether the company was capable... https://www.scmp.com/news/hong-kong/society/article/3322137/hong-kong-government-faces-scrutiny-over-bottled-water-procurement-scandal?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3322137/hong-kong-government-faces-scrutiny-over-bottled-water-procurement-scandal?utm_source=rss_feed Sun, 17 Aug 2025 10:11:15 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing’s (HKEX’s) latest listing rules on distributing shares in popular initial public offerings (IPOs) are expected to draw more institutional investors and family offices but curb retail participation, according to industry players. The rules, which came into effect on August 4, mandate that IPO candidates allocate at least 40 per cent of the shares to institutional investors involved in bookbuilding – up from no guaranteed allocation previously. The rules have... https://www.scmp.com/business/markets/article/3321247/hong-kong-ipo-allocation-rules-shift-focus-institutions-limit-retail-access?utm_source=rss_feed https://www.scmp.com/business/markets/article/3321247/hong-kong-ipo-allocation-rules-shift-focus-institutions-limit-retail-access?utm_source=rss_feed Mon, 11 Aug 2025 00:30:09 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock market, will reduce the minimum trading spread for about 300 stocks starting Monday, a move aimed at lowering transaction costs and increasing turnover. “The minimum spread is the minimum price change for a stock traded on an exchange and determines the tightest bid-ask spread allowed,” the HKEX said in the conclusion of its consultation on the spread reform. “A reduction of minimum spreads could therefore... https://www.scmp.com/business/banking-finance/article/3320447/hkex-reduce-minimum-spread-300-stocks-monday-cut-cost-boost-trading?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3320447/hkex-reduce-minimum-spread-300-stocks-monday-cut-cost-boost-trading?utm_source=rss_feed Sun, 03 Aug 2025 03:30:09 +0000 Cao Li Cao Li The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market on Tuesday, for the sixth time since late June, purchasing the local currency and raising overnight lending costs in an effort to deter traders seeking to profit from the city’s interest rate differential with the US dollar. The city’s de facto central bank said on Wednesday that it sold US$1.89 billion and bought HK$14.83 billion at HK$7.85 per US dollar during New York trading hours on Tuesday. The authority... https://www.scmp.com/business/banking-finance/article/3318381/hong-kong-fights-carry-trade-pressure-us-dollar-sales-maintain-currency-peg?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3318381/hong-kong-fights-carry-trade-pressure-us-dollar-sales-maintain-currency-peg?utm_source=rss_feed Wed, 16 Jul 2025 04:45:10 +0000