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Hong Kong Monetary Authority (HKMA)
Banking & finance
News about the global financial industry with a focus on developments in Hong Kong and China.
Alvin Kwock Yin-lun, co-founder of online insurer OneDegree. Photo: Handout
Fintech

Hong Kong virtual insurer OneDegree seeks greater Middle East growth

Co-founder attributes company’s success to its ‘cybersecurity technology and comprehensive underwriting framework’.

Hong Kong entertainment

Hong Kong’s 1980s nightlife culture dazzles again at old Club BBoss site

Cryptocurrency

Macroscope | How the obsession with risky assets is putting global finance in peril

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Hong Kong

InvestHK pivots to support Hong Kong start-ups’ global growth

After 25 years promoting the city as an investment destination, InvestHK is now championing Hong Kong companies’ overseas expansion.

Illustration by Henry Wong
IPO

Exclusive | ‘Super connector’: the next act for Hong Kong’s stock exchange

As HKEX turns 25, the exchange eyes promoting cross-border listings, fixed income and yuan products in its next chapter, chairman says.

Hong Kong property

Jane Street to pay US$3.9m a month in record Hong Kong office lease

The trading firm takes a 223,000 sq ft space in one of the largest leasing transactions in Central in decades.

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Middle East

Hong Kong can power yuan’s international ascent: HSBC co-CEO

City should scale up yuan-denominated trade finance and participation in stock and bond markets, David Liao says.

An employee counts 100-yuan notes at a bank in Beijing on November 14, 2024. Photo: AFP
Yuan

China’s yuan fixing rate hits 2-month high as US dollar drops

With the US dollar sagging, China’s central bank has strengthened the midpoint rate for the country’s currency in recent days.

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Fintech

SFC CEO Leung: virtual assets are a tool ‘in the race for financial supremacy’

Leung says regulator’s next step is to focus on OTC trading and custodial institutions in the space.

IPO

Zhejiang Sanhua seeks US$1 billion in Hong Kong listing

The Shenzhen-listed maker of heating systems is offering 360.3 million shares at HK$21.21 to HK$22.53 each.

More than 40 mainland companies have announced or filed their listing applications to the Hong Kong stock exchange this year. Photo: Sun Yeung
Commodities

Crypto can’t chip away at gold’s safe-haven shield: gold researcher

Spot gold price surged to US$3,444 after Israel’s strikes on Iran.

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Gold bricks are seen displayed in Sheung Wan, Hong Kong. Photo: Edmond So
Hong Kong economy

WeChat Pay records fourfold rise in mainland tourist taxi payments in Hong Kong

Tencent executive also says more than 20,000 taxi drivers in city now accept both local WeChat Pay HK accounts and the mainland version.

Ant Group

Ant International and Ant Digital to seek stablecoin licences in Hong Kong

The two Ant units’ move aligns with its global ambitions as other companies, including rival JD.com, line up to issue fiat-backed cryptocurrencies.

Bonds

China gets first private-builder dollar bond since 2023

Seazen has withstood the headwinds in the sector and still operates an extensive portfolio of shopping centres in smaller cities.

Residential buildings are seen under construction in Fuyang, in eastern China’s Anhui province on May 19, 2025. Photo: AFP
Autonomous vehicles

Horizon Robotics plans to raise US$595 million in Hong Kong share placement

The maker of artificial intelligence chips for self-driving cars went public in Hong Kong last year.

Yu Kai, the chairman and chief executive of Horizon Robotics, in Hong Kong last year. Photo: handout
IPO

Chery to debut in third quarter as carmaker uses Hong Kong as a springboard

Hong Kong Chief Executive John Lee touts city’s capital markets and professional services at auto expo.

Blockchain

With early stablecoin law, Hong Kong looks to keep edge as finance hub

Hong Kong is looking to ‘secure a leading role in global payment systems’, one analyst says, as law comes ahead of a similar US stablecoin bill.

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Investing

US venture capital firm to unload stakes in 40 Chinese tech start-ups

Chinese venture capitalists, government-backed funds expected to fill a funding gap left by retreating international investors, analyst says.

Eight Roads has invested in companies including autonomous-driving firm Pony.ai. Photo: AFP
IPO

China may let Hong Kong-listed firms raise funds in Shenzhen via ‘H + A’ IPOs

The reversal of the usual A + H approach could help firms expand in the Greater Bay Area and encourage more Hong Kong IPOs, analysts say.

IPO

Haitian eyes US$1.22 billion Hong Kong IPO, one of the year’s largest

The final IPO size could reach US$1.48 billion if size adjustment and overallotment options are exercised at the top end of price range.

Electric & new energy vehicles

Chinese EV battery maker Eve Energy jumps on Hong Kong IPO bandwagon

The firm joins more than a dozen smart-mobility companies from mainland China aiming to raise funds amid the city’s listing surge.

Eve Energy, based in Huizhou in China’s southern Guangdong province, said the timing of its share sale would hinge on market conditions. Photo: Handout
Digital currencies

Hong Kong law creates firm foundation for stablecoins

Hong Kong’s strict licensing and reserve requirements could help pry China off the crypto sidelines and loosen the US dollar’s grip on global financial markets.

Photo: Shutterstock
Stocks

Labubu becomes bait for China’s Ping An Bank to lure young customers

Tactic draws attention of regulators as retail banks on the mainland struggle to attract young customers, analysts say.

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Bonds

Grab to sell US$1.25 billion in convertible bonds to fund acquisitions

Singapore-based Grab, whose app is ubiquitous in Southeast Asia for ride hailing and food delivery, will issue convertible bonds that mature on June 15, 2030, it said.

Stocks

Chinese stocks ‘not particularly cheap’ with weak earnings power, JPMorgan says

A re-rating requires an improvement in profitability, which is difficult to come by in the weak economy, money manager says.

Mark Davids, co-head of Asia-Pacific equities at JPMorgan Asset Management, based in Hong Kong. Photo: Elson Li
HKEX

IPO wave driving Hong Kong exchange operator to greater heights: Morgan Stanley

HKEX’s 41 per cent rise this year is set to continue, investment bank says, joining positive calls by Goldman Sachs and HSBC.

A person takes a picture of Exchange Square in Central, home of stock exchange operator Hong Kong Exchanges and Clearing, on April 7, 2025. Photo: Jelly Tse
China technology

Investors underinvested in China, though many express interest: Morgan Stanley

‘The fear of missing out on China’s technological development has once again appeared,’ US investment bank says.

China-Africa relations

Egypt is replacing Cairo – and China is helping build the new capital

Chinese construction giant will build, operate and maintain Egypt’s newest city which will replace Cairo as the country’s capital.

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