https://www.scmp.com/rss/523387/feed Kenny Tang Sing-hing is a non-executive director of AOM International Group since December 2024. Holding a Ph.D. in Economics, he was previously the Managing Director at Crosby Securities Limited. He is a member of the Election Committee (Financial Services) for Hong Kong. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Daniel Ren,Enoch Yiu Daniel Ren,Enoch Yiu The Hong Kong Monetary Authority (HKMA) is being urged to go further in loosening restrictions on stablecoins, after granting the city’s first two licences to banks to issue the digital currency. Bankers, venture capitalists and analysts said the long-awaited approvals – awarded to HSBC and a joint venture led by Standard Chartered – fell short of market expectations, underscoring the regulator’s cautious stance amid lingering risk concerns. “It came as a surprise that only two licences were... https://www.scmp.com/business/banking-finance/article/3349742/hong-kong-regulator-urged-expand-stablecoin-rules-after-cautious-roll-out?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3349742/hong-kong-regulator-urged-expand-stablecoin-rules-after-cautious-roll-out?utm_source=rss_feed Sat, 11 Apr 2026 09:10:21 +0000 Julie Zhang,Enoch Yiu Julie Zhang,Enoch Yiu Hong Kong’s highly anticipated first batch of stablecoin licences did not materialise as expected by the end of March. Industry players said the delay may be caused by a slower-than-expected review process, adding that it could also be due to the regulators’ cautious stance towards launching the first batch of regulated stablecoin licences as the city seeks to cement its status as a digital-asset hub. “I don’t think [the delay] is caused by the market,” said Jack Poon, a member of the task force... https://www.scmp.com/business/banking-finance/article/3348492/hong-kongs-anticipated-stablecoin-licence-end-march-does-not-materialise?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348492/hong-kongs-anticipated-stablecoin-licence-end-march-does-not-materialise?utm_source=rss_feed Wed, 01 Apr 2026 00:30:08 +0000 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 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 Escalating tensions in the Middle East could strengthen Hong Kong’s ambitions to become a global family office hub and gold trading centre, as wealthy investors reconsider their exposure to the region, industry figures say. “The war in the Middle East could benefit Hong Kong because wealthy individuals in the region may want to move part of their investments outside the conflict zone,” said Kenny Tang Sing-hing, chairman of the Hong Kong Institute of Financial Analysts and Professional... https://www.scmp.com/business/article/3345424/hong-kong-seen-haven-gold-and-family-offices-conflict-raises-risks-dubai?utm_source=rss_feed https://www.scmp.com/business/article/3345424/hong-kong-seen-haven-gold-and-family-offices-conflict-raises-risks-dubai?utm_source=rss_feed Thu, 05 Mar 2026 00:30:08 +0000 Enoch Yiu Enoch Yiu Hong Kong will consider shortening the stock trading settlement cycle to one day after the transaction, as well as attracting more international firms to have secondary listings in the city, to strengthen the city’s status as an international financial centre, according to Financial Secretary Paul Chan Mo-po’s budget speech on Wednesday. Chan said the bourse operator, Hong Kong Exchanges and Clearing (HKEX), would in the first half of this year make proposals in a market consultation on how to... https://www.scmp.com/business/article/3344629/hong-kong-speed-stock-settlement-time-catch-west-and-mainland?utm_source=rss_feed https://www.scmp.com/business/article/3344629/hong-kong-speed-stock-settlement-time-catch-west-and-mainland?utm_source=rss_feed Wed, 25 Feb 2026 11:36:34 +0000 Cao Li Cao Li Global index provider MSCI revised its China gauge on Wednesday, swapping property and conglomerates for semiconductor and artificial intelligence stocks in a sign of technology’s rising role in the economy. The MSCI China Index added tech stocks including SenseTime, Pony.ai and Hesai Technology for a second straight quarter of net constituent growth since late 2025, a move analysts said would accelerate capital flows into the country’s technology sector. Against a macro backdrop of a relatively... https://www.scmp.com/business/markets/article/3343220/index-compiler-msci-tilts-towards-chinese-tech-stocks-latest-revamp?utm_source=rss_feed https://www.scmp.com/business/markets/article/3343220/index-compiler-msci-tilts-towards-chinese-tech-stocks-latest-revamp?utm_source=rss_feed Wed, 11 Feb 2026 23:30:08 +0000 Cao Li Cao Li A growing number of Hong Kong-listed companies are tapping strong equity market sentiment to issue convertible bonds, a trend bankers expect to continue. Eleven companies raised US$7.4 billion through convertible bonds in the first five weeks of 2026, about 47 per cent of last year’s US$16 billion total, according to Dealogic. Tianqi Lithium, one of the world’s largest producers of lithium-ion battery materials, announced on Wednesday that it would raise about HK$5.9 billion (US$755 million)... https://www.scmp.com/business/article/3342844/hong-kong-firms-rush-issue-convertibles-and-trend-could-continue-bankers-say?utm_source=rss_feed https://www.scmp.com/business/article/3342844/hong-kong-firms-rush-issue-convertibles-and-trend-could-continue-bankers-say?utm_source=rss_feed Mon, 09 Feb 2026 02:30:14 +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 High-dividend yielding Hong Kong and mainland banking stocks are likely to attract investors looking to park some of the HK$106.16 billion (US$13.6 billion) windfall from the Hang Seng Bank privatisation deal, according to analysts. They tipped Bank of China (Hong Kong) and HSBC to be among the biggest beneficiaries these investors seek as dividend-paying replacements. About 15,000 Hang Seng Bank shareholders are expected to receive their payout cheques by February 4 in exchange for their... https://www.scmp.com/business/article/3339361/which-stocks-will-hang-seng-bank-shareholders-consider-their-us14-billion-windfall?utm_source=rss_feed https://www.scmp.com/business/article/3339361/which-stocks-will-hang-seng-bank-shareholders-consider-their-us14-billion-windfall?utm_source=rss_feed Sun, 11 Jan 2026 23:30:12 +0000 Enoch Yiu Enoch Yiu Zijin Gold International, a wholly owned unit of China’s Zijin Mining, aims to raise HK$24.98 billion (US$3.21 billion) in an initial public offering (IPO) that would be Hong Kong’s second largest this year. Zijin Gold launched the sale of 349 million shares at an offer price of HK$71.59 per share on Friday, with the offering running until noon on Wednesday, according to its prospectus released on Friday. The deal would be second only to the US$5.24 billion May IPO of Contemporary Amperex... https://www.scmp.com/business/banking-finance/article/3326096/zijin-gold-launches-second-biggest-hong-kong-ipo-year-eyeing-us32-billion?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3326096/zijin-gold-launches-second-biggest-hong-kong-ipo-year-eyeing-us32-billion?utm_source=rss_feed Fri, 19 Sep 2025 05:16:50 +0000 Yulu Ao Yulu Ao Contemporary Amperex Technology (CATL) surged in Hong Kong on Monday after JPMorgan Chase upgraded the stock, which extended a rebound for Chinese battery makers and inflated the premium of its Hong Kong shares over those that trade in Shenzhen. The US bank also predicted stronger demand for CATL’s energy storage systems. CATL’s Hong Kong shares ended the trading day 7.4 per cent higher at HK$465, the highest since its May listing, while its Shenzhen-listed shares closed 9.1 per cent higher at... https://www.scmp.com/business/china-business/article/3325590/catls-hong-kong-shenzhen-share-premium-grows-after-jpmorgan-upgrade?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3325590/catls-hong-kong-shenzhen-share-premium-grows-after-jpmorgan-upgrade?utm_source=rss_feed Mon, 15 Sep 2025 09:15:14 +0000 Eric Ng Eric Ng Zijin Gold International said it was the world’s fastest-growing gold producer, as the offshore unit of China’s largest miner is poised to launch by Friday an initial public offering (IPO) in Hong Kong that could be the city’s second-biggest sale this year. Average annual gold output grew 21.4 per cent every year between 2022 and 2024, making it the world’s 11th biggest producer last year, the unit of Zijin Mining Group said in its IPO prospectus. The Hong Kong-based company produced 1.5 million... https://www.scmp.com/business/banking-finance/article/3325551/zijins-gold-mine-unit-tops-world-output-growth-ahead-us3-billion-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325551/zijins-gold-mine-unit-tops-world-output-growth-ahead-us3-billion-hong-kong-ipo?utm_source=rss_feed Mon, 15 Sep 2025 04:51:23 +0000 Enoch Yiu Enoch Yiu Financial analysts said they were positive on the outlook for CK Hutchison Holdings after the conglomerate said its controversial ports deal, including two Panama Canal ports, was on track even though it may take longer than expected. US lender JPMorgan said CK Hutchison eased investor concerns after group co-managing director Frank Sixt gave an update on the port sale in a first-half results briefing on Thursday. “Management sounded hopeful that the global ports disposal deal would proceed”... https://www.scmp.com/business/article/3322052/jpmorgan-ubs-positive-ck-hutchison-outlook-after-ports-deal-update?utm_source=rss_feed https://www.scmp.com/business/article/3322052/jpmorgan-ubs-positive-ck-hutchison-outlook-after-ports-deal-update?utm_source=rss_feed Sat, 16 Aug 2025 01:30:16 +0000 Enoch Yiu Enoch Yiu Adrian Cheng Chi-kong, the third generation scion of New World Development (NWD), has left the company after the Hong Kong developer successfully refinanced its debt and concluded months of negotiations that pulled it back from the brink of default. Cheng resigned as non-executive director of NWD, effective July 1, to “devote more time to public services and other personal commitments,” according to a filing to the Hong Kong stock exchange. Earlier, NWD said it successfully obtained HK$88.2... https://www.scmp.com/business/banking-finance/article/3316412/hong-kongs-new-world-secures-us113-billion-refinancing-deal-just-deadline?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3316412/hong-kongs-new-world-secures-us113-billion-refinancing-deal-just-deadline?utm_source=rss_feed Mon, 30 Jun 2025 12:17:53 +0000