https://www.scmp.com/rss/523927/feed Fidelity is a leading global financial services and asset management firm, headquartered in Boston, USA, with a significant international presence, including operations across Europe and Asia. It offers a comprehensive suite of products and services, encompassing mutual funds, pension management, brokerage, wealth management, and retirement planning. Serving individual investors, institutions, and companies worldwide, Fidelity is recognised as one of the largest asset managers, known for its... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com 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 Mandy Zuo Mandy Zuo As the global financial landscape shifts and policy uncertainty grows in the United States, China is likely to emerge as an increasingly attractive destination for foreign investors seeking to diversify away from dollar-denominated assets, according to a veteran Singaporean investor. US President Donald Trump’s push for a weaker dollar, together with recent volatility in gold, silver and cryptocurrencies, has prompted a reassessment of traditional safe havens, positioning China as a potential... https://www.scmp.com/economy/china-economy/article/3343187/trump-factor-why-china-may-benefit-investors-diversify-us-dollar-assets?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3343187/trump-factor-why-china-may-benefit-investors-diversify-us-dollar-assets?utm_source=rss_feed Thu, 12 Feb 2026 02:00:14 +0000 Leopold Chen Leopold Chen Bitcoin’s collapse has prompted some retail investors in Hong Kong to snap up the world’s largest cryptocurrency after its value fell by more than half from its peak. According to crypto asset data tracker CoinGecko, the price of bitcoin slumped to almost US$60,000 on Friday morning, Hong Kong time, less than half its historical high of US$124,000 in October 2025. The slump also erased US$2 trillion from the overall digital asset market over the period. On Friday afternoon, dozens of residents... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3342689/bargain-hunting-hong-kong-retail-investors-snap-bitcoin-amid-crypto-crash?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3342689/bargain-hunting-hong-kong-retail-investors-snap-bitcoin-amid-crypto-crash?utm_source=rss_feed Fri, 06 Feb 2026 11:09:45 +0000 Aileen Chuang Aileen Chuang Shares of China’s biggest pig breeder Muyuan Foods opened flat in their Hong Kong debut on Friday, reflecting a cooling in the city’s red-hot initial public offering (IPO) market as retail investors turn more cautious. The world’s largest hog firm’s shares first changed hands at the offer price of HK$39 and gained 3.9 per cent to HK$40.52 at the close, as the firm’s long-term growth prospects gained footing. Muyuan raised HK$10.7 billion (US$1.4 billion) after pricing the shares at the top of... https://www.scmp.com/business/banking-finance/article/3342579/chinas-biggest-pork-producer-muyuan-has-subdued-hong-kong-share-debut?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3342579/chinas-biggest-pork-producer-muyuan-has-subdued-hong-kong-share-debut?utm_source=rss_feed Fri, 06 Feb 2026 01:42:24 +0000 Aileen Chuang Aileen Chuang Hong Kong’s new share market continues to sizzle, with three companies seeking to raise a combined US$2 billion on Thursday, led by Chinese pig-breeding giant Muyuan Foods, which launched the city’s largest flotation of the year. The world’s largest hog firm planned to raise HK$10.7 billion (US$1.4 billion) by selling about 274 million new shares at up to HK$39 each, according to its prospectus, hot on the heels of another billion-dollar deal from Chinese drinks giant Eastroc Beverage. At the... https://www.scmp.com/business/banking-finance/article/3341623/3-mainland-chinese-firms-add-hong-kongs-ipo-boom-us2-billion-fundraising?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3341623/3-mainland-chinese-firms-add-hong-kongs-ipo-boom-us2-billion-fundraising?utm_source=rss_feed Thu, 29 Jan 2026 04:00:54 +0000 Bloomberg Bloomberg Thailand’s Charoen Pokphand Group plans to invest in the Hong Kong listing of Chinese pig breeder Muyuan Foods, people familiar with the matter said, in what is shaping up to be one of the city’s largest share sales this year. CP Group was poised to participate as a cornerstone investor – which typically receives a guaranteed allocation in exchange for agreeing to hold shares for a set period – in the listing, the people said, asking not to be identified to discuss a private matter. Other... https://www.scmp.com/business/companies/article/3341582/chinese-pig-breeder-muyuan-foods-courts-cornerstone-investors-hong-kong-listing?utm_source=rss_feed https://www.scmp.com/business/companies/article/3341582/chinese-pig-breeder-muyuan-foods-courts-cornerstone-investors-hong-kong-listing?utm_source=rss_feed Wed, 28 Jan 2026 13:26:16 +0000 Aileen Chuang Aileen Chuang Busy Ming Group, China’s largest snack and drink retailer, is seeking to raise up to HK$3.34 billion (US$428 million) in a Hong Kong initial public offering (IPO), testing investors’ appetite for consumer-oriented stocks. The firm, which focuses on a value model, planned to sell 14.1 million shares at HK$229.60 to HK$236.60, according to its prospectus filed with the Hong Kong stock exchange on Tuesday. The stock is expected to begin trading on January 28. Busy Ming owns two brands – Busy for... https://www.scmp.com/business/banking-finance/article/3340497/chinas-busy-ming-test-investor-appetite-consumer-plays-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3340497/chinas-busy-ming-test-investor-appetite-consumer-plays-hong-kong-ipo?utm_source=rss_feed Tue, 20 Jan 2026 03:55:03 +0000 Aileen Chuang Aileen Chuang Shares of HashKey Holdings, operator of Hong Kong’s largest licensed cryptocurrency exchange, were flat on their trading debut, as investors shunned risk amid a downturn in the digital asset market. Trading under the stock code 3887, HashKey shares first changed hands on Wednesday at HK$6.70, or 0.3 per cent above the offer price of HK$6.68 a share. The stock fluctuated between gains of up to 6.6 per cent and losses of as much as 8.4 per cent before closing 0.2 per cent lower at HK$6.67. The... https://www.scmp.com/business/banking-finance/article/3336692/hashkeys-lukewarm-debut-tests-hong-kongs-ambitions-digital-asset-hub?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3336692/hashkeys-lukewarm-debut-tests-hong-kongs-ambitions-digital-asset-hub?utm_source=rss_feed Wed, 17 Dec 2025 01:41:22 +0000 Enoch Yiu Enoch Yiu The electronic platform of the Mandatory Provident Fund (eMPF) is expected to reach its fee cut target five years ahead of schedule and could save the scheme’s 4.75 million members HK$50 billion (US$6.4 billion) in less than 10 years, according to the chairwoman of the pension regulator. The Mandatory Provident Fund Schemes Authority (MPFA) revised its estimates of cost savings from the eMPF platform on Monday during a media briefing hosted by Ayesha Macpherson Lau, who provided an update on the... https://www.scmp.com/business/banking-finance/article/3336392/hong-kongs-empf-hit-fee-cut-target-5-years-early-saving-us64-billion?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3336392/hong-kongs-empf-hit-fee-cut-target-5-years-early-saving-us64-billion?utm_source=rss_feed Mon, 15 Dec 2025 08:00:09 +0000 Julie Zhang Julie Zhang Global investors should consider reducing their US equities exposure as emerging market stocks are on track to outperform those in developed nations for the first time in five years amid a weakening US dollar, according to global investment firm Cambridge Associates. The recommendation comes as the dollar has experienced significant weakness this year, falling by 10 per cent at one point after a decade-long bull run that started in 2011. However, the greenback still remains 32 per cent above its... https://www.scmp.com/business/banking-finance/article/3335167/emerging-markets-set-outperform-us-stocks-dollar-weakness-continues-cambridge-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3335167/emerging-markets-set-outperform-us-stocks-dollar-weakness-continues-cambridge-says?utm_source=rss_feed Fri, 05 Dec 2025 01:00:13 +0000 Aileen Chuang Aileen Chuang Hong Kong dollar bond issuance is poised to expand, following a record run of offerings, as easing local interest rates attract more issuers while a global diversification trend persists, according to analysts. Total issuance in the city’s currency reached a record HK$331 billion (US$42.6 billion) so far this year, nearly 37 per cent higher than 2024’s full-year total of HK$242 billion. “The Hong Kong dollar bond market will continue to grow over the long term, supported by structural shifts,”... https://www.scmp.com/business/banking-finance/article/3334467/surge-hong-kong-dollar-bonds-continue-after-record-us42-billion-year?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3334467/surge-hong-kong-dollar-bonds-continue-after-record-us42-billion-year?utm_source=rss_feed Fri, 28 Nov 2025 05:35:52 +0000 Themis Qi,Julie Zhang Themis Qi,Julie Zhang UBS has warned of greater market volatility next year, citing risks ranging from weaker-than-expected artificial intelligence revenue to geopolitical tensions, but the Swiss investment bank remains bullish about Chinese technology shares and gold. UBS identified five major market risks for next year: economic weakness, a resurgence of inflation, government debts, renewed US-China conflicts, and disappointing returns from AI after three years of heavy investment. “One point that we can be very... https://www.scmp.com/business/banking-finance/article/3334384/ubs-remains-bullish-chinese-tech-shares-and-gold-warns-big-market-swings-2026?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3334384/ubs-remains-bullish-chinese-tech-shares-and-gold-warns-big-market-swings-2026?utm_source=rss_feed Thu, 27 Nov 2025 11:15:15 +0000 Bloomberg Bloomberg The ambitious spending plans of artificial intelligence developers coupled with rapid user adoption indicate the global rally in their stocks will persist despite bubble concerns, fund managers at Fidelity International and Allianz Global Investors said. The recent downturn in global semiconductor stocks, ahead of Nvidia’s closely watched earnings later this week, was likely to be temporary, according to Joseph Zhang, portfolio manager at Fidelity International. Unless AI capital spending or... https://www.scmp.com/tech/article/3333353/too-early-leave-party-fund-managers-say-ai-stock-boom-still-has-room-run?utm_source=rss_feed https://www.scmp.com/tech/article/3333353/too-early-leave-party-fund-managers-say-ai-stock-boom-still-has-room-run?utm_source=rss_feed Wed, 19 Nov 2025 04:42:00 +0000 Julie Zhang Julie Zhang Japan’s stock market is expected to extend its rally if the next government continues efforts to boost economic growth and prevent the country from returning to deflation, investment managers at Fidelity International said on Thursday. The benchmark Nikkei 225 index reached a record high of 48,580.44 on October 9, surpassing the 1989 Japanese economic bubble-era peak, as political parties vied for influence ahead of a parliamentary vote next week to elect the country’s next leader. Whether the... https://www.scmp.com/business/banking-finance/article/3329234/japans-market-boom-continue-despite-political-uncertainty-fidelity?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3329234/japans-market-boom-continue-despite-political-uncertainty-fidelity?utm_source=rss_feed Thu, 16 Oct 2025 09:15:08 +0000 Enoch Yiu Enoch Yiu A media report overt the weekend saying the London Stock Exchange Group (LSEG) is considering 24-hour trading has raised questions about whether Hong Kong’s bourse could similarly lengthen its transaction hours to cater to a younger generation of trade-anytime investors. The Orion Derivatives Platform (ODP), developed by Hong Kong Exchanges and Clearing (HKEX) for roll-out in 2028, would give Asia’s third-largest capital market the capability to “offer near 24-hour derivatives trading, introduce... https://www.scmp.com/business/banking-finance/article/3319047/should-hong-kong-follow-if-london-opts-24-hour-stock-trading-city-brokers-are-divided?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3319047/should-hong-kong-follow-if-london-opts-24-hour-stock-trading-city-brokers-are-divided?utm_source=rss_feed Mon, 21 Jul 2025 23:30:15 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX) has launched an order-routing service on its fund platform as part of its move to diversify its business and support the government’s ambition to strengthen the city as an international wealth management centre. “This centralised platform will connect participants of all sizes across the fund value chain, fostering greater collaboration and elevating operational efficiencies for the fund distribution industry,” CEO Bonnie Chan Yiting said at a ceremony to... https://www.scmp.com/business/markets/article/3316825/hkex-launches-order-routing-service-enhance-mutual-fund-distribution-ecosystem?utm_source=rss_feed https://www.scmp.com/business/markets/article/3316825/hkex-launches-order-routing-service-enhance-mutual-fund-distribution-ecosystem?utm_source=rss_feed Thu, 03 Jul 2025 09:53:57 +0000