Star China banker’s disappearance made his firm a buyout target
Star banker Bao Fan’s boutique investment bank China Renaissance Holdings has drawn interest from a Hong Kong-based financial group and a couple of small Chinese brokerages.
IDG Capital works to rebut US claims over China military ties
IDG is one of the oldest venture firms in the market and has been in China since 1993, having invested in more than 1,600 companies, with 500 of them going public or getting acquired.
IDG is one of the oldest venture firms in the market and has been in China since 1993, having invested in more than 1,600 companies, with 500 of them going public or getting acquired.
China’s offshore green bond market slumped 36% to record low in 2023
China’s offshore green bond market stumbled last year, with issuance hitting a record low amid rising US interest rates and an absence of Chinese property developers.
China’s offshore green bond market stumbled last year, with issuance hitting a record low amid rising US interest rates and an absence of Chinese property developers.
Global funds, Wall Street snub China for India in a historic markets shift
‘People are interested in India for several reasons, one is simply it’s not China,’ says Vikas Pershad, a money manager at M&G Investments in Singapore. ‘There’s a genuine long-term growth story here.’
‘People are interested in India for several reasons, one is simply it’s not China,’ says Vikas Pershad, a money manager at M&G Investments in Singapore. ‘There’s a genuine long-term growth story here.’
Hong Kong savings safety net to expand by 60% to protect US$102,270
The change will put the city’s protection level in line with the UK and Germany and higher than mainland China and Singapore, but still lower than the United States.
The change will put the city’s protection level in line with the UK and Germany and higher than mainland China and Singapore, but still lower than the United States.
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China intervenes in market as regulator steps up scrutiny of stock rout
A bull market is vital for China’s slowing economy because stock valuation has slumped to about 54 per cent of national output, from a record 79 per cent in 2021.
Bay area property payments about to get easier for Hong Kong, Macau buyers
Hong Kong and mainland Chinese banks are preparing for a new cross-border payment regime that will make it easier for Hong Kong and Macau homebuyers to transfer the funds they need to purchase property in the Greater Bay Area.
Hong Kong and mainland Chinese banks are preparing for a new cross-border payment regime that will make it easier for Hong Kong and Macau homebuyers to transfer the funds they need to purchase property in the Greater Bay Area.
China steps up carbon emissions trading regulation, data fabrication crackdown
The State Council has released an interim regulation that strengthens state control and cracks down on emissions data fabrication, to be effective from May 1.
The State Council has released an interim regulation that strengthens state control and cracks down on emissions data fabrication, to be effective from May 1.
China property: Sunac, Country Garden projects added to ‘whitelists’
Sunac China Holdings, Shimao Group, CIFI Group and Country Garden Holdings are among property developers whose projects have been included in ‘whitelists’, a mechanism that qualifies their projects for financial support from banks.
Sunac China Holdings, Shimao Group, CIFI Group and Country Garden Holdings are among property developers whose projects have been included in ‘whitelists’, a mechanism that qualifies their projects for financial support from banks.
Hong Kong banks line up fireworks dinners, lucky draws to entice new clients
Hong Kong banks have launched marketing campaigns to kick off the Year of the Dragon. The giveaways include fireworks dinners, lucky draws and air tickets to lock in new clients and entertain wealthy customers.
Hong Kong banks have launched marketing campaigns to kick off the Year of the Dragon. The giveaways include fireworks dinners, lucky draws and air tickets to lock in new clients and entertain wealthy customers.
Peak distress: Hong Kong luxury property owners turn to pricey private loans
Cash-strapped owners are taking out loans with rates of up to 29 per cent, with luxury properties in areas like The Peak and Repulse Bay as collateral.
Cash-strapped owners are taking out loans with rates of up to 29 per cent, with luxury properties in areas like The Peak and Repulse Bay as collateral.
Bao Fan resigns from China Renaissance Holdings
An exchange filing cites ‘health reasons’ and the desire to ‘spend more time with family’ as reasons for the resignation, which follows Bao’s February 2023 disappearance as part of an unspecified investigation by Chinese authorities.
An exchange filing cites ‘health reasons’ and the desire to ‘spend more time with family’ as reasons for the resignation, which follows Bao’s February 2023 disappearance as part of an unspecified investigation by Chinese authorities.
ICBC chairman resigns as Chinese banks’ leadership changes mount
The world’s third-largest lender by market capitalisation has announced a key change at the top, the latest in a slew of leadership reshuffles in the country’s banking sector this year.
The world’s third-largest lender by market capitalisation has announced a key change at the top, the latest in a slew of leadership reshuffles in the country’s banking sector this year.
Amer, backed by Anta Sports, rises in New York debut after US$1.4 billion IPO
Amer Sports, backed by China’s biggest sportswear maker Anta Sports Products, made a winning start in New York trading, valuing the owner of Wilson and Salomon brands at US$6.6 billion.
Amer Sports, backed by China’s biggest sportswear maker Anta Sports Products, made a winning start in New York trading, valuing the owner of Wilson and Salomon brands at US$6.6 billion.
Hong Kong property deals surge as stable interest rates lure buyers
Property deals in Hong Kong surged in January to their highest since August on stepped-up buying amid expectations of stable interest rates and hopes that a government residency scheme will draw more investments into the sector.
Property deals in Hong Kong surged in January to their highest since August on stepped-up buying amid expectations of stable interest rates and hopes that a government residency scheme will draw more investments into the sector.
Hong Kong airport authority’s US$640m retail bonds for new runway oversubscribed
The 4.25 per cent, 2.5-year bonds were oversubscribed more than three times, totalling HK$15.69 billion (US$2 billion) from 175,178 applications.
The 4.25 per cent, 2.5-year bonds were oversubscribed more than three times, totalling HK$15.69 billion (US$2 billion) from 175,178 applications.
China homes sales continue decline as Beijing fails to shore up weak sentiment
Despite a slew of measures rolled out by Chinese regulators recently to boost demand for property, developers are still struggling with weak sales and reported declines of more than 40 per cent in January.
Despite a slew of measures rolled out by Chinese regulators recently to boost demand for property, developers are still struggling with weak sales and reported declines of more than 40 per cent in January.
Hong Kong stocks snap 2-day drop on China data as traders eye Fed easing in May
Stocks recovered from a 9.2 per cent sell-off in January as traders raised bets for a US rate cut to early May. Alibaba Group, JD.com and Tencent led the rebound.
Stocks recovered from a 9.2 per cent sell-off in January as traders raised bets for a US rate cut to early May. Alibaba Group, JD.com and Tencent led the rebound.
Hong Kong banks hold rates steady as Fed keeps options open on cuts
The banks’ decisions followed the Hong Kong Monetary Authority (HKMA), which left the city’s base rate at 5.75 per cent hours after the Fed kept its target range unchanged in its first policy move of the year.
The banks’ decisions followed the Hong Kong Monetary Authority (HKMA), which left the city’s base rate at 5.75 per cent hours after the Fed kept its target range unchanged in its first policy move of the year.
Hong Kong’s banks post bumper 2023 profits as rates swell margins
Hong Kong banks’ net interest margin – the gap between the rate charged on loans and the interest paid for deposits – widened last year to the fattest in four years at 1.68 per cent, the HKMA’s data showed.
Hong Kong banks’ net interest margin – the gap between the rate charged on loans and the interest paid for deposits – widened last year to the fattest in four years at 1.68 per cent, the HKMA’s data showed.
