Business /
Money
Currencies
Yen, Swiss franc rise on flight to safety as Trump’s tariffs roil markets
The dollar fell 0.63 per cent against the yen to 145.92, after tumbling more than 1 per cent earlier in the session.
1 hour ago
Hong Kong stock market
Developing
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Asia-Pacific stocks plunge as traders rush for exit in global tariff war
31 minutes ago
8
Banking & finance
Exclusive
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Goldman Sachs brings art advisory service to Asia’s ultra-rich
3 hours ago
Banking & finance
Goldman Sachs lowers 2025 growth forecast for Chinese stocks on Trump tariffs
Goldman cuts its 12-month growth estimate for the MSCI China Index to 10 per cent from 16 per cent.
6 hours ago
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People ride scooters in the central business district of Beijing. Photo: AFP
China stock market
Trump tariffs slam global markets in biggest stock damage since Covid in 2020
Some US$2.5 trillion was wiped out overnight in US markets after the S&P 500 and Nasdaq 100 sank by about 5 per cent.
4 Apr 2025 - 3:12PM
Family offices
Exclusive
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Hong Kong’s soon-to-open art-storage facility is an incentive for family offices
The complex at Skytopia airport city will be ready this year or early next year and enhance Hong Kong’s role as an art-trading centre.
4 Apr 2025 - 3:30PM
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Electric & new energy vehicles
China’s lidar sensor firms Hesai, RoboSense stand to gain after fatal EV crash
Adoption of the laser-based sensors will increase as consumers demand safe self-driving systems, analysts say.
3 Apr 2025 - 8:43PM
A long-range automotive lidar (light detection and ranging) sensor made by Hesai. Photo: Handout
Private credit
Tencent-backed China Ruyi to tap bond market for US$500 million, sources say
The streaming media firm, behind series like ‘War of Faith’, is looking for new funds as Chinese firms accelerate offshore fundraising.
3 Apr 2025 - 5:44PM
Currencies
Dollar weakens on concern Trump’s tariffs would batter US economy
The Bloomberg Dollar Spot Index fell as much as 1 per cent to the lowest since November, with the US dollar sliding sharply versus the yen and Swiss franc.
3 Apr 2025 - 5:22PM
Electric & new energy vehicles
China EVs: Tesla’s quarterly deliveries lag BYD for the second time
Output from the Shanghai Gigafactory dropped to 172,754 units in the first three months of the year from 220,876 a year earlier.
3 Apr 2025 - 3:58PM
Hong Kong stock market
Hong Kong stocks slip toward 1-month low amid Trump tariff countdown
China’s growing dominance in export market share is causing tension with the US and emerging markets, JPMorgan Private Bank says.
2 Apr 2025 - 4:56PM
videocam
A display at bourse operator Hong Kong Exchanges and Clearing in Central shows stock data on February 27, 2025. Photo: Nora Tam
Banking & finance
Temasek, Asian state funds seen growing their assets to US$25 trillion by 2030
Singapore’s GIC and Temasek were among the most aggressive, accounting for three-quarters of capital deployed by Asian state investors.
2 Apr 2025 - 7:49PM
Electric & new energy vehicles
Top Chinese EV makers power ahead thanks to subsidies, tax incentives
BYD’s first-quarter deliveries rose 59.8 per cent to more than 1 million vehicles.
2 Apr 2025 - 9:21AM
Electric & new energy vehicles
Xiaomi car crash involving self-driving feature sparks concerns in China
Company says it submitted the driving data and relevant operational information to the police and deeply regrets the tragedy.
1 Apr 2025 - 8:27PM
5
Banking & finance
HSBC shareholders buzz about freebies, have fewer dividend gripes
Many stockholders praised bank’s strong performance last year, adding that they supported new strategies to cut costs and achieve growth.
1 Apr 2025 - 9:55PM
HSBC CEO Georges Elhedery on Tuesday. Photo: Reuters
Electric & new energy vehicles
Tesla offers interest-free loans in China for Model Y to lift sagging sales
The delivery waiting time for the popular SUV on the mainland has been reduced to three to five weeks from six to 10 weeks.
1 Apr 2025 - 3:45PM
Banking & finance
Chinese stocks get ‘shot in the arm’ from stimulus: HSBC survey
The latest effort by Chinese officials to stimulate the economy ‘seems to resonate with emerging-market investors’, analysts say.
1 Apr 2025 - 2:16PM
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Hong Kong stock market
BlackRock, at centre of Panama ports deal, is big owner of China stocks
World’s largest money manager has at least seven funds dedicated to Chinese stocks; five are passive ETFs and two are actively managed.
1 Apr 2025 - 9:42AM
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BlackRock’s logo at its New York headquarters. Photo: Reuters
HKEX
Hong Kong climbs up the IPO league table to fourth as fundraising jumps fourfold
IPOs totalled US$2.3 billion from 15 firms in the first quarter, compared with US$612.7 million a year earlier, LSEG data shows.
1 Apr 2025 - 10:35AM
Banking & finance
HSBC bets big on Hong Kong to tap Asia’s wealth-management boom: Elhedery
HSBC’s customers base increased to 6.2 million last year from 5.4 million, showing the importance of the city, Elhedery says.
31 Mar 2025 - 8:30AM
Electric & new energy vehicles
China to crack down on unfair EV price cuts to stabilise industry
China vows to combat unfair pricing and misinformation by EV players, as it aims to stabilise growth and profitability of the sector.
30 Mar 2025 - 8:55PM
China property
Shanghai’s luxury property market thrives while mass housing segment deteriorates
More than 60 per cent of the 4,110 new homes in China priced above 30 million yuan were sold in Shanghai last year, according to CRIC data.
30 Mar 2025 - 6:14PM
Luxury property prices in Shanghai are rising while prices of mass-market homes are falling. Photo: EPA-EFE
Art
Christie’s and Sotheby’s Hong Kong auctions underwhelm as sales hit 6-year low
The world’s leading auction houses made a combined US$89.2 million, the lowest since autumn 2018, according to data from ArtTactic.
30 Mar 2025 - 5:41PM
Banking & finance
DeepSeek has boosted the faith of rich Chinese investors in tech stocks: StanChart
The AI boom in China has convinced Chinese investors that the markets will continue to rise, Standard Chartered’s Judy Hsu says.
30 Mar 2025 - 9:30AM
Banking & finance
Chinese state banks’ 2024 profits rise, NPLs dip even as margins thin
All six state-owned commercial banks posted moderate profit growth for last year, as non-performing loan ratios declined slightly.
28 Mar 2025 - 6:32PM
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