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Investing for beginners

Investing for beginners
All millennials need to know about investing for beginners, including stock market trading, stock market 101, buying and selling shares and how to make the most out of your money.
Gold prices could surpass US$4,000 an ounce by the middle of next year, analysts say. Photo: Nora Tam
China consumption

China’s gold fever: record prices spark excitement and FOMO – buy, sell or hold?

As Goldman Sachs predicts gold will hit US$4,000 an ounce, a nuanced picture emerges on the ground in China, revealing a complex relationship with the precious metal.

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Banking & finance

HSBC revamps Hong Kong mobile app to boost user experience, convenience

Banking & finance

Gen Z works to enjoy travel, started investing at a younger age: HSBC

Hong Kong stock market

In Hong Kong, young investors are chasing the US$1.8 trillion stock rally

An influx of young investors has overwhelmed some online trading platforms, leading some to opt for physical branches to open accounts to cash in on potential gains.

The flag for Hong Kong Exchanges and Clearing flies in Hong Kong. The city’s stock market has been on a tear in the past few days. Photo: Bloomberg
Banking & finance

The devil in Greater Bay Area’s blueprint stunts cross-border wealth plan

The Wealth Management Connect scheme, a tailor-made plan for the 11 cities of the Greater Bay Area development zone, needs a broader range of products and wider sales channels to match Stock Connect’s success.

Banking & finance

‘Fomo’, travel among Chinese Gen Z’s motivations for investing: CFA Institute

More than half of China’s Gen Z are investing because of a ‘fear of missing out’, or Fomo, and having money for travel is their number one financial goal, according to a recent study by the CFA Institute.

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Banking & finance

Silver Bonds: Hong Kong gets HK$62.6 billion of bids amid inflation threat

A record number of senior citizens applied for the latest batch of inflation-linked bonds, making it one of the hottest since the first offering in 2016. Returns are guaranteed to outpace the rate of inflation in the city.

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Officials from the Hong Kong Monetary Authority and bank arrangers conduct a media briefing on August 9. Photo: K. Y. Cheng
Metaverse

Tencent, NetEase are front runners in global metaverse race, CS says

Tencent, NetEase will stand out in the web’s evolution to metaverse, as they tap into new opportunities from hosting virtual events and conferences, besides gaming.

IPO

Hong Kong clears the way for blank-cheque companies to list

Hong Kong and mainland start-ups will be allowed to use a new method to raise funds from the local stock market, a move that set to attract more new listings and to strengthen the city as an international financial centre.

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Banking & finance

ETF managers reap windfalls from oil supply crunch

ETF managers gained handsomely this year from backwardation, the market condition where oil futures trade below the expected spot price in a downwards sloping futures curve.

Tugboats nudging a 300,000-ton very large crude carrier (VLCC) to a shipyard on the Yangtze River for retrofitting in Qidong city in eastern China’s Jiangsu province on March 16, 2020. Photo: Chinatopix via AP.
Google

Google’s 2021 finance rank shows iBond as the most-searched term

The annual ranking of the world’s dominant internet search engine, with 91.4 per cent of worldwide market share in November according to Statcounter’s data, offers a snapshot of what netizens care about in the internet-connected world.

Google logo through a magnifying glass. Photo: Shutterstock
SFC

Hong Kong reviews rules on retail trading cryptocurrency ETFs

Hong Kong’s financial watchdog is reviewing regulations governing cryptocurrencies including the market demand for Hong Kong retail investors to trade overseas exchange traded funds (ETFs) with exposure in virtual assets, according to deputy head of the regulator.

Stocks

Chinese fund manager known for his bets on liquor makers dies at 41

Cai Xiangyang, who managed 10 funds with a combined US$7.8 billion in assets, died on Monday in Beijing, China Asset Management said in a statement, without giving more details.

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HKEX

HKEX to launch A-shares futures in October, deals blow to Singapore

HKEX has entered into a new licensing agreement with global index provider MSCI to launch the new futures contract based on the MSCI China A 50 Connect Index.

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Bronze sculptures of bulls, the symbol of the Hong Kong Stock Exchange and the flag of HKEX flying next to the Hong Kong SAR flag, at the Exchange Square in Central on 2 June 2020. Photo: Winson Wong
Alibaba

Lone bear on Alibaba, Tencent says worse is yet to come

The rout in Chinese tech and education stocks may not end until Beijing repairs trust in the market in the face of regulatory assaults, DZ Bank analyst says.

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Traders on the New York Stock Exchange trading floor on March 18, 2020. Photo: Xinhua
Hong Kong stock market

Tepid response to Nayuki, world’s first listed milk tea firm, in Hong Kong

Nayuki Holdings, the world’s first listed milk tea chain, plunged 13.5 per cent on its Hong Kong debut, on concerns about its earnings outlook and relatively high pricing.

ESG investing

ESG investing to take off if China improves disclosures: fund managers

Engagement by foreign investors has already seen some Chinese firms enhance disclosures, while impending regulatory requirements would improve it further, say asset managers.

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Cryptocurrency

Bitcoin can still be bought in China after latest crackdown

Chinese individuals could still buy bitcoin and other cryptocurrencies and trade them on overseas exchanges on Thursday.

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Small toy figurines are seen on representations of the bitcoin virtual currency displayed in front of an image of China's flag. Photo: Reuters
Cryptocurrency

China warns again on cryptocurrency risks amid ‘wild fluctuations’

Statement comes amid recent price volatility and as Beijing seeks to draw a distinction with its own sovereign digital currency.

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Stock Connect

Explainer | Here’s what you need to know about China’s upcoming wealth management scheme

The Wealth Management Connect is the first cross border trading scheme focused on the Greater Bay Area, with total fund flow capped at 300 billion yuan (US$46.5 billion).

China stock market

Explainer | What’s behind China’s US$1.4 trillion stock rout. Is a bailout possible?

Mainland Chinese stocks have gone from world beaters to a wreck in a space of two months. Lofty valuations and policy risks abound. Speculation on state intervention or bailout could follow, given precedents. Here’s a quick take on the state of the market.

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An investor staring at stock prices at a brokerage house in Shanghai during the 2018 market crash. Photo: Reuters
Warren Buffett

Buffett’s Berkshire reveals three secret buys after cutting Apple stake

Buffett and his investment deputies, Todd Combs and Ted Weschler, reshaped the portfolio over the last year as the coronavirus pandemic struck the US.

Warren Buffet, chairman and chief executive officer of Berkshire Hathaway Inc., speaks during the virtual Berkshire Hathaway annual shareholders meeting seen on a laptop computer in Arlington, Virginia, on Saturday, May 2, 2020. Photo: Bloomberg
Stocks

Who is really behind wallstreetbets’ short squeeze on hedge funds?

If Block is right, what seemed like a history-making retail uprising last week was just as much a convenient smokescreen for internecine hedge-fund warfare.

China economy

How China’s P2P purge has left millions of investors in debt and desperate

The shroud over peer-to-peer lending firms has fallen, and China’s banking regulator says all such platforms across the country have ceased operations – but countless billions are already feared lost.

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Bonds

Silver Bonds paying seven times more than banks lure senior citizens

Demand for the latest Silver Bonds offering 3.5 per cent annual coupon has already exceeded that recorded for four previous issues, according to joint lead manager HSBC.

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The Silver Bonds will be distributed round by round if the overall subscription exceeds HK$15 billion, to ensure applicants for small numbers are served first. Photo: Felix Wong
Wealth management

World’s biggest hedge fund does far better in China than elsewhere

China is becoming increasingly important to global money managers after the nation widened its 100 trillion yuan investment market. Dalio has long been optimistic on China.

A Chinese investor uses his smartphone as he monitors stock prices at a brokerage house in Beijing on November 19, 2019. Contrary to global conventions, China uses red to denote gains and advances, green to indicate declines and losses. Photo: AP
Bonds

Hongkongers grab US$5 billion of inflation bonds after Ant IPO miss

Hong Kong’s latest offering of inflation-linked bonds have become the blockbuster investment opportunity this week, attracting HK$38.9 billion in funds from investors.

IPO

Ant’s IPO delay leaves five mutual funds with US$9 billion in limbo

The IPO suspension came as China’s financial regulators signalled their intention to tighten the regulatory requirements on online consumer loans, also known as microlending, and require lending platforms to pony up more registered capital before they can engage in consumer loans.

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