https://www.scmp.com/rss/523170/feed The latest news and top stories on Prudential Plc, the British-domiciled insurer that is dual-listed ion London and Hong Kong. It offers life and health insurance, long-term savings, and asset management, serving over 18 million customers across Asia and Africa. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Themis Qi Themis Qi Hong Kong’s tech equity benchmark is struggling to balance the artificial intelligence frenzy and picking the right industry leaders, leading to its underperformance this year, according to analysts. The Hang Seng Tech Index, which comprises 30 technology-related companies including Tencent Holdings, Alibaba Group Holding and Meituan, has fallen 5.5 per cent this year up to Friday, giving up some of last year’s 23.5 per cent gains. In contrast, the broad-based Hang Seng Index has risen 0.3 per... https://www.scmp.com/business/markets/article/3344255/why-hang-seng-tech-index-doldrums-while-ai-shares-are-soaring?utm_source=rss_feed https://www.scmp.com/business/markets/article/3344255/why-hang-seng-tech-index-doldrums-while-ai-shares-are-soaring?utm_source=rss_feed Mon, 23 Feb 2026 01:15:07 +0000 Cao Li Cao Li The use of technology in trade finance is advancing from digitising existing paperwork to re-engineering entire processes with artificial intelligence and shared data, according to bank executives at the Development & Innovation of AI for Digital Finance forum on Monday in Hong Kong. “When we are talking about digitalisation, we are actually making the current process digital,” said Raluca Popa, head of global trade solutions, commercial banking, Hong Kong, HSBC. “The future will require a... https://www.scmp.com/business/article/3341285/digital-finance-forum-ai-data-must-link-digital-islands-smooth-trade-finance?utm_source=rss_feed https://www.scmp.com/business/article/3341285/digital-finance-forum-ai-data-must-link-digital-islands-smooth-trade-finance?utm_source=rss_feed Mon, 26 Jan 2026 11:46:29 +0000 Emily Tsang Emily Tsang Two Hong Kong students secured championship titles on Saturday in the first storytelling competition for global youth, delivering impassioned speeches on education and AI before an audience of about 100 people. Vanessa Jane Wong, a Form Four pupil from the Independent Schools Foundation Academy, won the top award in the senior category, while Wan Ruixi, a Form Two student from Hong Kong University Graduate Association College, took the junior prize. Organised by the South China Morning Post and... https://www.scmp.com/news/hong-kong/education/article/3340280/2-hong-kong-pupils-take-top-prizes-first-global-youth-storytelling-competition?utm_source=rss_feed https://www.scmp.com/news/hong-kong/education/article/3340280/2-hong-kong-pupils-take-top-prizes-first-global-youth-storytelling-competition?utm_source=rss_feed Sat, 17 Jan 2026 15:21:31 +0000 SCMP Reporter SCMP Reporter McDonald’s Hong Kong was voted Company of the Year at the 2025 Business Awards organised by SCMP Live, a highlight for the company as it marks half a century of operating in the city. The restaurant chain’s CEO Randy Lai and chairman Zhang Yichen received the award from SCMP’s CEO Catherine So during a lunch ceremony in Hong Kong on Friday. The toned-down ceremony replaced the black-tie gala dinners that traditionally capped the annual awards since their establishment in 1990, as a sign of... https://www.scmp.com/business/companies/article/3336270/mcdonalds-hong-kong-named-company-year-scmp-lives-business-awards?utm_source=rss_feed https://www.scmp.com/business/companies/article/3336270/mcdonalds-hong-kong-named-company-year-scmp-lives-business-awards?utm_source=rss_feed Sat, 13 Dec 2025 01:30:19 +0000 Enoch Yiu Enoch Yiu About 30 Hong Kong-based insurance companies, including AIA and Manulife, have issued 7,600 life insurance and 1,100 property policies to policyholders listed as residing at Wang Fuk Court, according to the Insurance Authority. Insurance Authority CEO Clement Cheung Wan-ching said the authority had set up a special task force, led by senior executives, to urge all insurers to identify policyholders affected by the blaze at Wang Fuk Court last week that killed 159 people, injured 79 and left an... https://www.scmp.com/business/companies/article/3335091/hong-kong-insurers-identify-8700-life-and-property-policies-owned-tai-po-fire-victims?utm_source=rss_feed https://www.scmp.com/business/companies/article/3335091/hong-kong-insurers-identify-8700-life-and-property-policies-owned-tai-po-fire-victims?utm_source=rss_feed Wed, 03 Dec 2025 12:25:12 +0000 SCMP Reporter SCMP Reporter Xpeng’s CEO He Xiaopeng is among three corporate founders who have been shortlisted as finalists in the 2025 Business Awards organised by SCMP Live, in a reimagination of a series of accolades first introduced in 1990. A total of 43 nominations were received for the awards in six categories, honouring the most noteworthy business owner, corporate executive, company, small-and-medium-sized enterprise (SME), start-ups and the best globalised brand. A discretionary award honouring lifetime... https://www.scmp.com/business/china-business/article/3333210/xpengs-founder-headlines-scmp-lives-2025-business-awards?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3333210/xpengs-founder-headlines-scmp-lives-2025-business-awards?utm_source=rss_feed Tue, 18 Nov 2025 23:30:08 +0000 Aaina Bhargava Aaina Bhargava Aryna Sabalenka is living her best tennis life – travelling the world, eating well, soaking up the sun and winning big. Most recently, she took home the 2025 US Open title after a season marked by triumphs and near misses. “It’s a great feeling,” says the world No 1. “It’s just fun to be here, to travel around the world, to compete and win. All of it. I’m just really enjoying my tennis life.” Sabalenka is in Hong Kong for the Prudential NextGen Aces panel and exhibition match, speaking about... https://www.scmp.com/postmag/passions/article/3330242/aryna-sabalenka-loving-hong-kong-steffi-graf-and-inspiring-young-players?utm_source=rss_feed https://www.scmp.com/postmag/passions/article/3330242/aryna-sabalenka-loving-hong-kong-steffi-graf-and-inspiring-young-players?utm_source=rss_feed Fri, 24 Oct 2025 10:32:11 +0000 Lars Hamer Lars Hamer Eight-time grand slam winner Andre Agassi believes Hong Kong’s pickleball potential is “exceptional” and is keen on helping the city develop the sport. The former tennis great has become a prominent figure in the pickleball scene in recent years, making his professional debut at 55, investing heavily in the sport and even designing equipment. “I’ve been to India with intentions of helping the sport grow and expand,” Agassi said. “And certainly with the infrastructure that exists in Hong Kong,... https://www.scmp.com/sport/hong-kong/article/3329322/tennis-legend-agassi-praises-hong-kongs-exceptional-pickleball-potential?utm_source=rss_feed https://www.scmp.com/sport/hong-kong/article/3329322/tennis-legend-agassi-praises-hong-kongs-exceptional-pickleball-potential?utm_source=rss_feed Fri, 17 Oct 2025 04:00:11 +0000 Enoch Yiu Enoch Yiu Prudential Hong Kong will expand healthcare partnerships and explore more use of artificial intelligence to capture growing opportunities from people crossing the border – in both directions – for medical treatment, according to its top boss. The insurer handled more than 2,200 cross-border hospital claims in the first half of this year, according to Lawrence Lam, CEO of Prudential Hong Kong. Such claims represented 30 per cent of the total, up from 26 per cent a year earlier. “We have seen an... https://www.scmp.com/business/companies/article/3327501/prudential-expands-partnerships-ai-adoption-capture-cross-border-business-ceo?utm_source=rss_feed https://www.scmp.com/business/companies/article/3327501/prudential-expands-partnerships-ai-adoption-capture-cross-border-business-ceo?utm_source=rss_feed Wed, 01 Oct 2025 23:30:08 +0000 Joseph Sipalan Joseph Sipalan Malaysians from the highest income group are increasingly turning to public hospitals for treatment as surging private healthcare costs drive up insurance premiums, with lawmakers and industry professionals warning of more pressure on the national healthcare system. The cost of private healthcare in Malaysia rose by nearly 12 per cent in 2024, well above the global average of about 6 per cent, according to a report on medical trends around the world by professional services firm Aon. A separate... https://www.scmp.com/week-asia/economics/article/3324771/more-well-malaysians-seek-public-hospitals-insurance-costs-surge?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3324771/more-well-malaysians-seek-public-hospitals-insurance-costs-surge?utm_source=rss_feed Mon, 08 Sep 2025 11:03:34 +0000 Morning Studio editors Morning Studio editors As Hong Kong’s typhoon season approaches, climate change could intensify the strength of tropical storms, bringing disaster in their wake. Low-lying areas such as Tai O, a small fishing village on Lantau Island, are especially vulnerable. In recent years, this peaceful community of stilt houses and winding waterways has been battling an increasing number of extreme weather events that threaten people’s lives and livelihoods. Located in a remote area and with many elderly residents, Tai O lacks... https://www.scmp.com/native/business/topics/stemming-tide-tai-o/article/3323147/stemming-tide-how-seashells-can-restore-tai-os-coastal-habitat?utm_source=rss_feed https://www.scmp.com/native/business/topics/stemming-tide-tai-o/article/3323147/stemming-tide-how-seashells-can-restore-tai-os-coastal-habitat?utm_source=rss_feed Fri, 29 Aug 2025 04:00:10 +0000 Enoch Yiu,Julie Zhang Enoch Yiu,Julie Zhang FWD Group wrapped up its first trading day in Hong Kong with a modest gain, as the insurer’s four-year journey to list on a stock market brought it from New York back to its hometown. Trading under the stock code 1828, FWD’s shares ended Monday at HK$38.40 in a declining market, a 1-per cent premium to its initial public offering (IPO) price of HK$38, after swinging between a loss of 2.5 per cent and an intraday gain of 2.1 per cent. The IPO, which raised HK$3.47 billion (US$442 million) last... https://www.scmp.com/business/article/3317150/fwd-plots-next-growth-phase-hong-kong-ipo-opens-access-capital-ceo-says?utm_source=rss_feed https://www.scmp.com/business/article/3317150/fwd-plots-next-growth-phase-hong-kong-ipo-opens-access-capital-ceo-says?utm_source=rss_feed Sun, 06 Jul 2025 23:30:11 +0000