The latest government measures are merely ‘a drop in the ocean’, and rebuilding homebuyers’ confidence in the presale system is a precondition for any revival, analysts say.
Hong Kong’s mandatory retirement fund put in its best performance in seven years in the first five months of 2024, though members who shifted their cash from Hong Kong and China equities to US stock funds have missed out.
A stock market rally in Hong Kong has helped raise valuations and improve sentiment among investors, feeding a recovery in fundraising activities in the city and on bourses in mainland China, JPMorgan says.
China’s securities regulators and stock exchange officials met with global fund managers in Europe in the first overseas roadshow, after delivering a major stimulus to rescue the nation’s property market.
Chinese venture capital firms are looking for opportunities in South and Southeast Asia as geopolitical tensions between China and the US dim prospects in the west, according to some big funds.
HSBC arranged a three-day tailored programme in California last week for its Asian private bank clients to meet Silicon Valley start-ups and venture capitalists.
Hong Kong stocks fall to two-week low as correction deepened after hawkish comments from US Federal Reserve officials.
The Asian Family Legacy Foundation, which held its inauguration ceremony in Hong Kong on Wednesday, considers the city an ideal location for family offices to get together to carry out their missions in charity work and cultural exchanges.
Their allocation to developed-market bonds increased by the most in five years to 16 per cent, bringing back a greater balance between fixed income and equities, according to a global survey by the Swiss bank.
Hong Kong stocks retreat from 10-month highs after disappointing earnings from Li Auto triggered concerns about corporate performances in China.
Earlier this year, Dimon, 68, moved some of his top lieutenants into new senior roles, positioning them for more experience running the bank’s operations as he prepares potential successors.
Hamdan Azhar said asset manager fired him after he objected to a colleague’s self-dealing, and was forced to shut down search engine that monitored client discussions on illegal investments, including in China.
By allowing local governments and state-owned enterprises to buy unsold land and housing from distressed developers, China is betting a property slump weighing down the economy can be stopped once and for all.
Tesla’s closest rival in China’s EV market reported a major setback in the first quarter, after earnings and deliveries slumped from the preceding three months. Margins eroded amid price discounting.
Consumer and entrepreneur confidence should ‘continue to pick up from this point’ as Beijing’s efforts strengthen the capital markets and enhance Hong Kong’s connector role, say speakers at the Greater China Private Equity Summit.
The financial services secretary, Christopher Hui Ching-yu, has denied media reports that a major stock market reform that would see trading continue as normal during typhoons and torrential rains has been postponed.
Artificial intelligence could improve organisations’ productivity by up to 47 per cent, but 76 per cent of employers say they lack the knowledge to implement AI training, says study from Amazon Web Services.
Scammers have published another fictitious article with the appearance of a South China Morning Post story in a bid to promote an online financial trading tool.
Hong Kong stocks at 10-month highs after China’s property support measures cheer investors.
Hong Kong’s tax breaks and immigration policies to attract tycoons to set up family offices have been quite successful, as they have piqued the interest of many billionaires over the past year, banker says.
The mainland has US$3.9 trillion worth of unsold properties, which makes Beijing’s funding plan account for less than 2 per cent of that excess inventory, a Barclays report said.