https://www.scmp.com/rss/523883/feed The latest news and top stories on JP Morgan Asset Management. A New York-based entity in the financial services sector, JP Morgan Asset Management specialises in providing diverse investment solutions. It primarily serves individuals, financial advisors and institutional clients globally and is known for being one of the world’s largest asset managers. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Peggy Ye Peggy Ye Taiwan’s dominance in semiconductors is no longer just reshaping global technology supply chains – it is also redrawing the island’s financial landscape, as international banks move to capture the wealth being created across the chip ecosystem. From first-generation chip entrepreneurs setting up family offices to retail investors pouring money into exchange-traded funds (ETFs), the capital generated by Taiwan’s technology boom is spreading across multiple layers of the economy. Global lenders... https://www.scmp.com/business/article/3348941/global-banks-carve-out-roles-semiconductor-wealth-redraws-taiwans-finance-map?utm_source=rss_feed https://www.scmp.com/business/article/3348941/global-banks-carve-out-roles-semiconductor-wealth-redraws-taiwans-finance-map?utm_source=rss_feed Sat, 04 Apr 2026 03:30:11 +0000 Julie Zhang Julie Zhang Homebuyers continued to signal confidence in Hong Kong’s residential market on Saturday, brushing off global economic risks tied to the Middle East conflict and expectations of slower interest rate cuts, as a new project by Henderson Land Development sold out within hours. All 123 units at Chester, the fifth phase of the Midtown South redevelopment in Hung Hom, were snapped up, according to property agents. “About 60 per cent of buyers are end users while about 40 per cent are investors and... https://www.scmp.com/business/companies/article/3348249/hung-hom-flats-sell-out-hong-kong-homebuyers-brush-aside-middle-east-risks?utm_source=rss_feed https://www.scmp.com/business/companies/article/3348249/hung-hom-flats-sell-out-hong-kong-homebuyers-brush-aside-middle-east-risks?utm_source=rss_feed Sat, 28 Mar 2026 09:40:15 +0000 Agence France-Presse Agence France-Presse Bank of America has agreed to pay US$72.5 million to settle a class-action lawsuit alleging that the bank facilitated a sex-trafficking ring orchestrated by Jeffrey Epstein, court documents showed on Friday. Bank of America said separately that while it continued to deny supporting Epstein’s crimes, “this resolution allows us to put this matter behind us and provides further closure for the plaintiffs”. The suit, filed by an unidentified woman on behalf of herself and other alleged victims,... https://www.scmp.com/news/world/united-states-canada/article/3348228/bank-america-pay-us725-million-settle-epstein-sex-trafficking-lawsuit?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3348228/bank-america-pay-us725-million-settle-epstein-sex-trafficking-lawsuit?utm_source=rss_feed Sat, 28 Mar 2026 03:33:21 +0000 Themis Qi Themis Qi Zijin Mining, China’s largest gold producer, has expanded its buying spree by acquiring controlling shares in China-based Chifeng Jilong Gold Mining for 18.26 billion yuan (US$2.64 billion), the company said. The acquisition came only two months after Zijin Mining proposed to buy Canadian Allied Gold for 28 billion yuan as part of its global expansion. Through its subsidiary Zijin Gold, the acquisition was structured in two primary tranches, Zijin Mining said in a Hong Kong stock exchange filing... https://www.scmp.com/business/commodities/article/3347547/chinas-zijin-mining-clinches-us26-billion-chifeng-gold-takeover-expansion-drive?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3347547/chinas-zijin-mining-clinches-us26-billion-chifeng-gold-takeover-expansion-drive?utm_source=rss_feed Mon, 23 Mar 2026 06:17:31 +0000 Zhang Shidong Zhang Shidong Stocks in Hong Kong and mainland China slumped on Thursday, with a key gauge of yuan-denominated stocks briefly breaching the 4,000-point mark for the first time in two months, as a resurgence in oil prices fuelled concerns about a global recession following the attacks on energy facilities in Gulf nations. The Hang Seng Index tumbled 2 per cent to 25,500.58 at the close. The Hang Seng Tech Index dropped 2.2 per cent. On the mainland, the Shanghai Composite Index retreated 1.4 per cent,... https://www.scmp.com/business/china-business/article/3347091/hong-kong-stocks-retreat-fed-warns-iran-conflict-clouds-inflation-outlook?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347091/hong-kong-stocks-retreat-fed-warns-iran-conflict-clouds-inflation-outlook?utm_source=rss_feed Thu, 19 Mar 2026 02:04:52 +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 Aileen Chuang Aileen Chuang Chinese technology stocks are gaining momentum as they emerge largely unscathed from the US-Iran conflict and artificial intelligence “scare trades”, with agentic AI breakthroughs like OpenClaw sparking fresh monetisation hopes, according to investment experts. Global markets have been hit in recent weeks by an oil-price shock linked to the war in the Middle East, as well as an AI-driven sell-off over fears the technology could wipe out white-collar jobs. However, Chinese tech stocks remained... https://www.scmp.com/business/markets/article/3346604/hopes-ai-monetisation-boost-china-tech-stocks-amid-war-market-scares?utm_source=rss_feed https://www.scmp.com/business/markets/article/3346604/hopes-ai-monetisation-boost-china-tech-stocks-amid-war-market-scares?utm_source=rss_feed Mon, 16 Mar 2026 00:30:13 +0000 Cliff Buddle Cliff Buddle Veteran British politician Peter Mandelson’s visit to Hong Kong in 2024 came as a new era dawned, both for relations between the UK and China and his own career. Speaking at the University of Hong Kong in September that year, soon after the Labour Party’s election victory, the former trade minister expressed optimism that the new government would engage with Beijing and forge closer ties. He spoke highly of Hong Kong. Mandelson played down suggestions he would soon be appointed Britain’s... https://www.scmp.com/opinion/article/3346620/mandelson-scandal-could-be-tipping-point-costs-starmer-his-job?utm_source=rss_feed https://www.scmp.com/opinion/article/3346620/mandelson-scandal-could-be-tipping-point-costs-starmer-his-job?utm_source=rss_feed Sat, 14 Mar 2026 14:16:07 +0000 Kevin Li Kevin Li Hong Kong and Singapore have crossed swords over their ambitions to be the world’s gold trading hub, but experts say the city holds an advantage over its Southeast Asian rival, citing its access to mainland China’s robust market. As Hong Kong pushes ahead with measures to create an ecosystem for gold trading – highlighted as recently in the government’s budget late last month – Singapore has reportedly been courting global heavyweights. In response to the South China Morning Post’s queries a... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3345867/hong-kong-singapore-square-race-become-worlds-gold-trading-hub?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3345867/hong-kong-singapore-square-race-become-worlds-gold-trading-hub?utm_source=rss_feed Sun, 08 Mar 2026 11:00:12 +0000 Julie Zhang,Yulu Ao Julie Zhang,Yulu Ao Until last year, Fidelity International’s most significant cornerstone commitments on the Hong Kong initial public offering (IPO) market dated back to 2021, when Chinese short-video platform Kuaishou Technology raised US$5.4 billion and healthcare firm Medlive Technology completed a US$543.4 million listing. Then for the next four years, the asset manager went quiet. Late last year it returned to Chinese assets in force. It backed gold miner Zijin Gold International’s US$3.2 billion listing in... https://www.scmp.com/business/banking-finance/article/3344890/big-cornerstone-comeback-whats-driving-investors-back-hong-kong-ipos?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3344890/big-cornerstone-comeback-whats-driving-investors-back-hong-kong-ipos?utm_source=rss_feed Sat, 28 Feb 2026 02:00:57 +0000 Themis Qi Themis Qi Gold’s volatile run is far from over, with the precious metal increasingly reasserting itself as an alternative form of “risk-free” money alongside the US dollar amid persistent inflation and geopolitical uncertainty, according to Jupiter Asset Management. With physical bullion in short supply, the firm sees mining companies as a more efficient way to gain exposure, offering potentially higher returns from smaller allocations thanks to strong profits and free cash flow. The outlook follows a... https://www.scmp.com/business/commodities/article/3343907/golds-volatile-run-set-continue-investors-eye-next-breakout?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3343907/golds-volatile-run-set-continue-investors-eye-next-breakout?utm_source=rss_feed Fri, 20 Feb 2026 01:30:15 +0000 Zhu Wenqian Zhu Wenqian In the run-up to Lunar New Year, Chinese consumers were busy choosing gold jewellery, a traditional gift with deep cultural connotations, as strong market sentiment overshadowed sharp fluctuations in gold prices and assessments of the sector’s outlook by investment banks remained upbeat. Jewellers offered small discounts to boost holiday sales. For example, Chow Tai Fook Jewellery Group, China’s largest retailer by store count, launched an 80 yuan (US$12) discount per gram on gold items in its... https://www.scmp.com/business/commodities/article/3343782/strong-lunar-new-year-demand-fuels-chinas-gold-jewellery-market?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3343782/strong-lunar-new-year-demand-fuels-chinas-gold-jewellery-market?utm_source=rss_feed Tue, 17 Feb 2026 06:00:15 +0000 Cao Li,Yulu Ao Cao Li,Yulu Ao When Malaysian civil engineering contractor BBSB International listed in Hong Kong last month, its offering was oversubscribed by a factor of nearly 11,000, and its shares rose more than fivefold from their offer price of HK$0.60 on the morning of their trading debut. BBSB is one of several non-Chinese companies that have flocked to Hong Kong to list recently, and banks expect more to follow this year as the city’s initial public offering (IPO) market booms. While New York and London used to be... https://www.scmp.com/business/article/3342363/vibrant-hong-kong-market-attract-more-listings-abroad-bankers-say?utm_source=rss_feed https://www.scmp.com/business/article/3342363/vibrant-hong-kong-market-attract-more-listings-abroad-bankers-say?utm_source=rss_feed Wed, 04 Feb 2026 08:45:36 +0000 Sylvia Ma Sylvia Ma Gold’s blistering rally to start 2026 – surging past US$5,500 an ounce – has already eclipsed many full-year price targets, forcing analysts to upgrade their outlooks. And for some, the US$6,000 threshold is now in view. The buying spree has prompted some Chinese funds to suspend new purchases, with one warning investors of “the risk of trading at a premium in the secondary market”. As of midday Thursday, spot gold stood at about US$5,540 per ounce, easing from an earlier high of US$5,598... https://www.scmp.com/economy/global-economy/article/3341653/runaway-gold-why-even-wall-street-cant-keep-metals-record-ascent?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3341653/runaway-gold-why-even-wall-street-cant-keep-metals-record-ascent?utm_source=rss_feed Thu, 29 Jan 2026 06:48:57 +0000 Bloomberg Bloomberg Chinese chip designer Montage Technology is set to enlist Alibaba Group Holding and JPMorgan Asset Management among the key investors in its upcoming Hong Kong listing, according to people familiar with the matter, in a sign of promising demand for the city’s latest share sale related to artificial intelligence. Alibaba and the JPMorgan Chase asset manager were participating as cornerstone investors, which get guaranteed allocation in exchange for holding the shares for a period of time, the... https://www.scmp.com/business/banking-finance/article/3339916/alibaba-jpmorgan-said-invest-chinese-chip-designer-montages-hong-kong-listing?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3339916/alibaba-jpmorgan-said-invest-chinese-chip-designer-montages-hong-kong-listing?utm_source=rss_feed Wed, 14 Jan 2026 13:30:14 +0000 Enoch Yiu Enoch Yiu Gold has hit multiple records in 2025, but analysts believe the rally is far from over, with some forecasting the yellow metal could climb to US$5,000 per ounce amid geopolitical tensions and a buying spree by central banks. Spot gold broke through the US$4,500-per-ounce mark for the first time, reaching a record US$4,510 on Christmas Eve on Wednesday, which was 72 per cent higher than the end of last year, when it stood at US$2,624. This was the biggest annual jump for the precious metal,... https://www.scmp.com/business/banking-finance/article/3337563/golden-era-prices-surge-rally-heads-towards-us5000-2026-analysts-forecast?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3337563/golden-era-prices-surge-rally-heads-towards-us5000-2026-analysts-forecast?utm_source=rss_feed Thu, 25 Dec 2025 01:30:14 +0000 Themis Qi Themis Qi Shenzhen-listed Sieyuan Electric, a grid-equipment maker whose shares have surged about 665 per cent over the past five years, is planning a secondary listing in Hong Kong. The move would give Sieyuan, already a favourite among overseas investors, more direct access to international capital as it pushes into global markets amid rising demand for grid upgrades driven by data centres and artificial intelligence. The company said on Monday night it plans to issue new H shares equal to no more than... https://www.scmp.com/business/banking-finance/article/3336640/china-grid-equipment-maker-sieyuan-eyes-hong-kong-listing-after-665-surge?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3336640/china-grid-equipment-maker-sieyuan-eyes-hong-kong-listing-after-665-surge?utm_source=rss_feed Tue, 16 Dec 2025 22:00:29 +0000 Themis Qi Themis Qi The race to develop artificial intelligence has pushed governments and technology giants to build new electricity plants and upgrade their decades-old grid networks, creating significant opportunities for Chinese power equipment companies, according to analysts. Chinese firms have been benefiting from the spillover of a US order boom, which was driven by US President Donald Trump’s push for tech leaders like Meta and SoftBank to invest in AI infrastructure. “The US buys products from Japan and... https://www.scmp.com/news/business/china-business/article/3333897/chinas-power-equipment-firms-ride-ai-driven-boom-amid-demand-us-emerging-markets?utm_source=rss_feed https://www.scmp.com/news/business/china-business/article/3333897/chinas-power-equipment-firms-ride-ai-driven-boom-amid-demand-us-emerging-markets?utm_source=rss_feed Mon, 24 Nov 2025 05:25:12 +0000 Anthony Rowley Anthony Rowley A recent Financial Times front-page lead, headlined “Tech stocks suffer $1.2tn AI sell-off”, was followed a few days later by a comment elsewhere that tech stocks were the only cloud over an otherwise sunny Wall Street. Weather forecasters would be ashamed of such a simplistic assertion. Artificial intelligence and, more generally, tech stocks have become the great overarching gods that dominate the stock market firmament. To suggest they are immortal and the investment sky will remain blue even... https://www.scmp.com/opinion/world-opinion/article/3332662/ai-looking-increasingly-liability-storm-coming?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3332662/ai-looking-increasingly-liability-storm-coming?utm_source=rss_feed Sat, 15 Nov 2025 08:30:11 +0000 Julie Zhang Julie Zhang The Hong Kong government priced a record HK$10 billion (US$1.3 billion) tokenised green bond offering on Monday, completing the world’s first government issuance to allow settlement using digital-fiat currencies as the city pushes to burnish its standing as a global hub for digital assets. “Hong Kong is uniquely positioned to connect traditional finance to the digital asset era,” said Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury, in an announcement published by the... https://www.scmp.com/business/banking-finance/article/3332391/hong-kong-prices-worlds-first-government-bonds-tokenised-settlement?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3332391/hong-kong-prices-worlds-first-government-bonds-tokenised-settlement?utm_source=rss_feed Tue, 11 Nov 2025 14:46:26 +0000 Aileen Chuang Aileen Chuang China will become one of the “outsize contributors” to JPMorgan Asset Management’s five-year plan to double Asia-Pacific assets under supervision to about US$600 billion, according to the firm’s top executive in the region. “Our long-term goal is to grow [operations in the region] to a US$1 trillion business,” said Dan Watkins, CEO of Asia-Pacific at JPMorgan Asset Management, in an interview on Tuesday. He said China, Australia and Japan – the three largest capital markets where the US firm... https://www.scmp.com/business/markets/article/3329014/china-remains-major-growth-area-asia-pacific-region-jpmorgan-executive-says?utm_source=rss_feed https://www.scmp.com/business/markets/article/3329014/china-remains-major-growth-area-asia-pacific-region-jpmorgan-executive-says?utm_source=rss_feed Wed, 15 Oct 2025 00:30:09 +0000