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News about the global financial industry with a focus on developments in Hong Kong and China.
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Hong Kong throws SMEs lifeline with raft of measures, HK$450 billion in loans
Published: April 29, 2026 11:17
Hong Kong authorities have rolled out a fresh package of measures to support small and medium-sized enterprises (SMEs) reeling from the global fuel crisis and geopolitical tensions in the Middle East, including a 21 per cent increase in available bank…
Hong Kong, mainland China officials meet to bolster cross-border connect schemes
Published: April 29, 2026 08:33
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…
HKEX posts record quarterly profit, topping forecast as listings and turnover surge
Published: April 29, 2026 05:50
Hong Kong Exchanges and Clearing (HKEX), operator of Asia’s third-largest stock market, reported a record quarterly profit in the first three months of 2026, buoyed by more new listings and increased turnover. Net profit rose 27 per cent to HK$5.19 billion…
China targets ‘zombies’ with regulatory headshots to kill off subsidised laggards
Published: April 29, 2026 05:30
China’s top market regulator is intensifying its crackdown on debt-laden “zombie companies” – rolling out a pilot programme in seven economic hubs to facilitate the forced exit of unprofitable firms often propped up by government subsidies or bank loans.…
Hong Kong’s IPO lead
Published: April 29, 2026 04:46
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China Resources Power wins Shenzhen nod for renewable energy unit’s listing
Published: April 29, 2026 04:15
China Resources Power (CRP), one of the largest mainland power producers listed in Hong Kong, has received approval to spin off its renewable energy arm for a separate listing in Shenzhen, marking a key step in a years-long plan to tap capital markets amid…
Chinese industrial robot maker Inovance joins Hong Kong IPO queue
Published: April 28, 2026 12:30
Chinese industrial robot maker Shenzhen Inovance Technology submitted an initial public offering (IPO) application in Hong Kong on Tuesday, joining a wave of mainland tech firms seeking capital from international investors. Founded in 2003, Inovance is…
Why Moody’s has raised China’s credit outlook amid Iran war shocks
Published: April 28, 2026 11:00
A leading ratings agency that previously expressed concerns about China’s local debt woes has cast a vote of confidence in the world’s second-largest economy, raising the country’s sovereign credit outlook to “stable” from “negative”. This week’s move by…
Lightelligence jumps by 400% in Hong Kong debut amid AI-driven demand for photonics chips
Published: April 28, 2026 02:03
Lightelligence, the first mainland Chinese photonics chipmaker to go public in Hong Kong, saw its share price surge by nearly 400 per cent in its trading debut on Tuesday, as investors banked on the country’s quest for a fast-growing alternative to…
As Hong Kong recalibrates, the blue economy offers an anchor
Published: April 28, 2026 01:30
Last month, Hong Kong completed its first green methanol bunkering operation, a significant step in its efforts to support the decarbonisation of global shipping. As the maritime industry accelerates its transition towards cleaner fuels, this milestone…
China’s solar giant Sungrow revives Hong Kong IPO plan amid rising demand for clean energy
Published: April 27, 2026 03:55
China’s solar giant Sungrow Power Supply has filed a fresh application to list in Hong Kong, reviving plans initiated last year, as a wave of mainland companies seeks offshore funding to support overseas expansion. The Shenzhen-listed solar inverter and…
How the Middle East war is boosting family offices, private banking in Hong Kong and Asia
Published: April 27, 2026 00:00
The Middle East war has created new opportunities for family offices and private banking businesses in Hong Kong and Asia, as wealthy investors in the region seek to diversify their investments away from the conflict zone, according to industry players.…
Malaysia bourse pact extends Hong Kong’s outreach to Southeast Asia
Published: April 26, 2026 23:15
Hong Kong is well-positioned to forge closer financial ties with economies across Southeast Asia. The latest is with Malaysia, a win-win arrangement signalling similar pacts to follow. Given the vast pools of capital, stock exchange operators in both…
Can faster settlement sharpen Hong Kong’s edge as a global financial hub?
Published: April 26, 2026 23:00
Hong Kong is known for its speed. Now it is set to move even faster, with plans to shorten stock settlement times from next year – a shift that could strengthen its standing as an international financial centre. The city’s stock market has operated on a…
Daniel Gros on what China can learn from the euro as it works towards a global yuan
Published: April 26, 2026 22:00
Daniel Gros is the director of the Institute for European Policymaking at Bocconi University. Previously, he served as an adviser to the European Parliament, collaborated with the European Commission as economic adviser to the Delors Committee, which…
For the US dollar, a subtler shift than a ‘petroyuan’ order is underfoot
Published: April 26, 2026 08:30
In the span of a few days earlier this month, developments that usually sit in separate policy compartments began to converge. Abu Dhabi’s crown prince arrived in Beijing as President Xi Jinping used the visit to set out China’s four-point position on the…
Hong Kong’s IPO market ‘exceeds’ HK$140 billion amid renewed gold trading push
Published: April 26, 2026 05:27
Hong Kong’s initial public offering (IPO) market has raised more than HK$140 billion (US$17.87 billion) as of April, maintaining its global lead, the city’s financial chief has said, while indicating a renewed push to develop gold trading amid rising…
To be the world No 2 financial centre, Hong Kong must be a rule maker
Published: April 25, 2026 21:30
Hong Kong Financial Secretary Paul Chan Mo-po recently said the city could rise to become the world’s No 2 financial centre in 10-15 years. That is the right kind of ambition. In a world being reshaped by geopolitical fragmentation, China’s growing global…
The real reason stock markets are still flying high despite grave risks
Published: April 25, 2026 08:30
Financial markets, stock markets especially, appear able to defy gravity despite the global geopolitical and economic situation. A plethora of institutional and individual explanations have been offered as to why, but most seem to miss the point. Which is,…
Default in our stars: China’s banks use satellites to track assets with sky-high scrutiny
Published: April 25, 2026 02:00
With bad loans and repayment collateral in focus, Chinese banks are increasingly using satellites to evaluate their clients’ terrestrial assets, mounting a hi-tech offensive to safeguard against rising credit risks. China Merchants Bank and Shanghai Pudong…
US drops criminal probe of Fed chair Powell, likely clearing way for nominee Warsh
Published: April 24, 2026 14:54
The US Justice Department has ended its probe into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of his successor, Kevin Warsh. US Attorney for the District of Columbia Jeannine Pirro said on X on Friday that her…
China ramps up hunt for tax evaders, frames consumption levies as fiscal lifelines
Published: April 24, 2026 14:00
Beijing is intensifying its enforcement against tax evasion, extending its reach into consumption taxes, which have been positioned as a critical source of stabilising local government finances that have been hit hard by the nation’s prolonged property…
China opens government bond futures to select foreign investors in reform push
Published: April 24, 2026 11:00
China will allow qualified overseas investors to trade government bond futures contracts, as policymakers step up the opening up of the nation’s capital markets to boost foreign participation. Foreign traders, approved under the qualified foreign…
Life insurance sales in Hong Kong hit record amid ‘rise of millionaires’
Published: April 24, 2026 10:00
Life insurance sales in Hong Kong rose 50.6 per cent to another record last year as affluent customers continued to buy policies in the city for wealth transfer, protection and medical needs. The industry wrote HK$330.9 billion (US$42.2 billion) in new…
Brazil beckoned: China now has stock and bond ‘connect’ schemes in these 5 regions
Published: April 23, 2026 23:00
China has launched a bond-market-connect scheme with Brazil, Chinese media outlets reported this week, marking the first such link among emerging markets. Schemes such as this one, often dubbed “connects” between Chinese bond or stock markets and their…
Why Anthropic’s Mythos has energised China’s cybersecurity industry
Published: April 23, 2026 12:00
In the second of a three-part series on Anthropic’s powerful Mythos artificial intelligence model, we examine the effect it has had on China’s cybersecurity and finance industries. US start-up Anthropic’s new AI model, Claude Mythos Preview, has drawn…
Chinese economist Fu Peng joins Hong Kong-listed Bitfire, hails crypto’s historic rise
Published: April 23, 2026 11:00
Chinese economist Fu Peng, whose candid remarks about the country’s economic ills went viral, has joined a Hong Kong cryptocurrency firm as chief scientist, hailing the “historical” leap of digital assets into mainstream finance despite their current…
Euro, yuan unlikely to match US dollar as global currencies, Daniel Gros says
Published: April 23, 2026 04:30
Daniel Gros is the director of the Institute for European Policymaking at Bocconi University. Previously, he served as an adviser to the European Parliament, collaborated with the European Commission as economic adviser to the Delors Committee, which…
What Hong Kong’s conservative stablecoin licence roll-out reveals
Published: April 22, 2026 22:30
The most revealing fact about Hong Kong’s stablecoin launch is not that licences were issued. It is who got them, and who did not. By handing the first approvals to HSBC and the Standard Chartered-led joint venture Anchorpoint Financial, regulators made…
HKMA and HKAB launch task force for Hong Kong’s Northern Metropolis financing
Published: April 22, 2026 11:52
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) announced on Wednesday the joint establishment of the Northern Metropolis Financial Advisory Taskforce, which will explore financing solutions for the development of the…
Hong Kong, Malaysia stock exchanges to team up on ETFs, listings, Islamic finance
Published: April 22, 2026 11:30
The bourse operators of Hong Kong and Malaysia are exploring a range of collaborations, from dual listings and exchange-traded funds (ETFs) to Islamic finance, to forge closer ties between the city and the Southeast Asian country. Hong Kong Exchanges and…
Biotech-led boom as 8 China firms flock to Hong Kong’s thriving stock market
Published: April 22, 2026 08:53
Eight mainland China-based companies – five of them biotech firms – passed listing hearings on the Hong Kong stock market in April, clearing the way for them to tap the city’s deep liquidity. The influx, including an AI-driven drug discovery firm, a…
America First Fed? Trump nominee Kevin Warsh signals ‘monetary sovereignty’ push: analysts
Published: April 22, 2026 08:30
US Federal Reserve chair nominee Kevin Warsh’s policy vision – outlined during his Senate confirmation hearing – signals an extension of “America First” into monetary policy, Chinese analysts said. “Warsh’s policy proposals … mark a shift from acting as a…
Hong Kong IPOs lure mainland China insurers seeking higher returns
Published: April 22, 2026 00:30
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…
Greater China private equity set for patchy recovery, modest fundraising boost
Published: April 21, 2026 23:30
Greater China’s private equity market continued to recover last year amid expectations of a market improvement, but looking ahead, fundraising will remain selective and performance-driven, while geopolitical uncertainties are the largest variable for the…
Kevin Warsh, Trump’s pick for Fed chief, calls for ‘regime change’ at US central bank
Published: April 21, 2026 17:46
Federal Reserve chief nominee Kevin Warsh called for “regime change” at the US central bank, including a new approach for controlling inflation and a communications overhaul that may discourage his colleagues from saying too much about the direction of…
No records, no role: HSBC rejects Iran-linked money laundering claim
Published: April 21, 2026 12:36
HSBC Holdings has rejected allegations linking it to a money laundering case involving Iran, with chairman Brendan Nelson saying the bank was not a party to the matter and had only been asked to provide information. Responding to a shareholder at an…
SCMP’s ‘original’ finance reporting honoured at State Street Institutional Press Awards
Published: April 21, 2026 11:00
The South China Morning Post received six honours at the State Street Institutional Press Awards Asia-Pacific 2025 on Tuesday. The awards, which recognise outstanding news reporting on institutional finance across Asia-Pacific (APAC), drew a record 246…
Premium for mainland China shares erodes – or flips – as capital flows to Hong Kong
Published: April 21, 2026 10:30
A long-standing pricing gap between the mainland China-listed and Hong Kong shares of dual-listed companies has narrowed – and in some cases reversed – as global investors re-rate China’s technology companies. The Hang Seng AH Premium Index, a widely…
Victory Giant skyrockets after biggest Hong Kong IPO this year
Published: April 21, 2026 09:12
Nvidia supplier Victory Giant surged 50 per cent on its first day of trading following the biggest Hong Kong initial public offering this year, as investor appetite for artificial intelligence stocks weathers uncertainty in the Middle East. The…