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Stablecoins are digital tokens pegged to a reference asset like a fiat currency. Photo: Shutterstock
Digital currencies

Hong Kong could serve as stablecoin test bed to raise yuan’s profile

Hong Kong’s stablecoins can serve as a testing ground for the mainland, providing both experience and lessons, HashKey Group CEO says.

Millionaires and billionaires

Global millionaire ranks to swell by 5 million over next 5 years, UBS says

China stock market

Beijing’s reform could bring Alibaba, Tencent listings to Shenzhen: HSBC

Banking & finance

Hong Kong to be Chinese companies’ launch pad in Shanghai pact

The two cities signed an agreement to strengthen the development of banking, insurance, financial derivatives and trade settlement.

The electronic display board at the Connect Hall in the Hong Kong stock exchange building on May 20, 2025. Photo: Xinhua
The electronic display board at the Connect Hall in the Hong Kong stock exchange building on May 20, 2025. Photo: Xinhua
Banking & finance

Greater China property, finance firms face rising distress: AlixPartners

Restructuring professionals expect more out-of-court restructurings and distressed M&As as alternatives to formal insolvency proceedings.

Banking & finance

Hong Kong IPO pipeline swells as Geely-backed ride-hailing platform enters fray

CaoCao, operator of mainland’s second-largest ride-hailing platform, seeks to raise nearly US$237 million with Hong Kong IPO.

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IPO

Foshan Haitian raises US$1.3 billion in upsized Hong Kong stock offer

The company sold 279 million shares at HK$36.30 each, the top end of the marketed price range, according to terms of the deal seen by Bloomberg News.

Bottles of soy sauce produced by Foshan Haitian Flavoring & Food are displayed for sale at a supermarket on October 2, 2022 in Shaoxing city of eastern China’s Zhejiang province. Photo: VCG/VCG
Bottles of soy sauce produced by Foshan Haitian Flavoring & Food are displayed for sale at a supermarket on October 2, 2022 in Shaoxing city of eastern China’s Zhejiang province. Photo: VCG/VCG
IPO

Hong Kong-listed firms to get ‘green channel’ route under Shenzhen IPO plan: lawyers

H-share companies offer a badge of quality when applying for a Shenzhen listing, given the rigorous vetting process in Hong Kong.

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Private credit

Asia-Pacific investors seek shelter in alternative assets amid global tensions

Appetite for private credit and equity has increased over the past six months among investors in the region, Coller Capital report shows.

Bonds

Chow Tai Fook Jewellery seeks US$1 billion from convertible bond sale

The five-year Hong dollar-denominated bonds will carry a coupon of zero to 0.5 per cent payable semiannually.

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Chow Tai Fook’s shop at iSquare in Tsim Sha Tsui features cartoon stickers to promote Chiikawa gold jewellery. Photo: Jelly Tse
Fintech

Hong Kong-based fintech LianLian Global’s Middle East expansion pays off

Firm expects Dubai operations to contribute 10 per cent of its payment transaction volume in the first year of operations, Hong Kong head says.

Hong Kong-based LianLian Global sees big room for growth for its digital remittance services in the Middle East. Photo: Handout
Hong Kong-based LianLian Global sees big room for growth for its digital remittance services in the Middle East. Photo: Handout
Banking & finance

Coconut water company IFBH moves closer to cracking Hong Kong’s IPO market

Thai company, incorporated in Singapore, clears major regulatory hurdle with publication of its Post Hearing Information Pack.

Banking & finance

Exclusive | DBS Hong Kong hiring wealth managers as investors’ risk appetite grows

The subsidiary of the Singapore bank plans to hire 100 bankers and open a new wealth-management centre.

Banking & finance

Standard Chartered sees affluent clients putting more money to work in Hong Kong

‘Our clients’ interest in investing has grown,’ Eliza Law, head of the bank’s affluent segment and distribution in Hong Kong, says.

Eliza Law, managing director and head of affluent segment and distribution, wealth and retail banking at Standard Chartered Hong Kong. Photo: May Tse
Banking & finance

Hong Kong virtual insurer OneDegree seeks greater Middle East growth

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

Alvin Kwock Yin-lun, co-founder of online insurer OneDegree. Photo: Handout
Alvin Kwock Yin-lun, co-founder of online insurer OneDegree. Photo: Handout
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.

Banking & finance

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.

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Banking & finance

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.

Julia Leung Fung-yee, CEO of the Securities and Futures Commission. Photo: Caixin
Julia Leung Fung-yee, CEO of the Securities and Futures Commission. Photo: Caixin
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.

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.

Banking & finance

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.

Hong Kong Chief Executive John Lee Ka-chiu (eighth from the left) officiating the opening of the 2025 Hong Kong Automotive Expo at the AsiaWorld Expo on June 12, 2025. Photo: Cao Li
Hong Kong Chief Executive John Lee Ka-chiu (eighth from the left) officiating the opening of the 2025 Hong Kong Automotive Expo at the AsiaWorld Expo on June 12, 2025. Photo: Cao Li
Banking & finance

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.

Hong Kong property

Debt crunch at NWD stokes downside risk in Hong Kong home prices, S&P says

Decision to defer coupon payments on four series of perpetual bonds threatens a bigger drop in home prices, rating firm says.

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.

Bottles of soy sauce produced by Foshan Haitian Flavoring & Food Company on display in Shaoxing. Photo: VCG
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