https://www.scmp.com/rss/523412/feed The Institute of Securities Dealers is a professional association based in Hong Kong, dedicated to fostering strong relationships within the securities industry. Its primary mission involves promoting the sector’s development, advocating for industry concerns to authorities and upholding Hong Kong’s status as a leading financial centre. The Institute organises networking events, overseas study tours and provides mutual support to its members. As an SFC-recognised institution, it also offers... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Enoch Yiu Enoch Yiu The head of HSBC, Hong Kong’s biggest lender, said artificial intelligence will both destroy and create certain jobs in the financial industry, but emphasised the bank will focus on retraining its workforce to adapt to the new and evolving environment in the sector. “We all know generative AI will destroy certain jobs and will create new jobs,” CEO Georges Elhedery said at an investor event in Hong Kong on Wednesday. HSBC’s AI adoption pledge plan was announced a day after its rival, Standard... https://www.scmp.com/business/banking-finance/article/3354204/hsbcs-ceo-says-ai-will-both-create-and-destroy-financial-industry-jobs?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3354204/hsbcs-ceo-says-ai-will-both-create-and-destroy-financial-industry-jobs?utm_source=rss_feed Wed, 20 May 2026 06:57:45 +0000 Enoch Yiu Enoch Yiu On a warm Saturday in early May, the kind of day most would choose to spend on a hike or at the beach, hundreds of Hongkongers instead stood for hours in a queue at Edinburgh Tower in Central. But despite the loss of a pleasant weekend afternoon, none would be likely to consider it time wasted. They were there claim their fair share of HK$1.5 billion (US$191 million) owed to independent shareholders of Giordano International in the largest settlement on record by the city’s Securities and... https://www.scmp.com/business/banking-finance/article/3353713/hong-kong-market-regulator-takes-collection-agent-role-wronged-investors?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3353713/hong-kong-market-regulator-takes-collection-agent-role-wronged-investors?utm_source=rss_feed Sat, 16 May 2026 02:00:11 +0000 Enoch Yiu Enoch Yiu Financial officials from Hong Kong and mainland China met on Tuesday to discuss strengthening cross-border connect schemes, according to a statement from the State Administration of Foreign Exchange (SAFE). The meeting between Hong Kong Monetary Authority (HKMA) chief executive Eddie Yue Wai-man and People’s Bank of China (PBOC) deputy governor Zhu Hexin, who is also SAFE administrator, touched on ways to bolster the city’s role as an international financial centre, the statement said. SAFE... https://www.scmp.com/business/banking-finance/article/3351828/hong-kong-mainland-china-officials-meet-bolster-cross-border-connect-schemes?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3351828/hong-kong-mainland-china-officials-meet-bolster-cross-border-connect-schemes?utm_source=rss_feed Wed, 29 Apr 2026 08:33:05 +0000 Enoch Yiu Enoch Yiu Mainland China’s insurance companies have emerged as major cornerstone investors in Hong Kong initial public offerings (IPOs) as they seek higher returns and benefit from Beijing’s policy support for insurers to invest in equity markets. Ping An Insurance (Group), Taikang Life Insurance, New China Life Insurance, Dajia Life Insurance and China Post Life Insurance were among the key players that invested more than US$250 million across about 11 IPOs so far this year, according to UBS data. Their... https://www.scmp.com/business/banking-finance/article/3350821/hong-kong-ipos-lure-mainland-china-insurers-seeking-higher-returns?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3350821/hong-kong-ipos-lure-mainland-china-insurers-seeking-higher-returns?utm_source=rss_feed Wed, 22 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 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 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 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