All coverage of Hong Kong, ranked by recency.
Tokyo’s implementation of a rule that requires all property buyers to declare their nationality is raising concerns among investors, according to analysts. Japan’s shift from an ultra-loose monetary policy to gradual normalisation of its interest rates was also likely to force investors to reconsider whether real estate assets were still attractive, they added. “Japan has had a really strong ru...
Distinctive features will set Hong Kong apart from London, a major bullion hub, as the city accelerates efforts to develop an international gold and precious metals trading ecosystem covering the entire value chain, a minister has told the South China Morning Post. In an exclusive interview on Thursday, Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said the city wou...
Coconut farmer Sombat Chuekrod travelled more than 200km (120 miles) to join hundreds on the streets of Bangkok on Friday demanding that the International Monetary Fund (IMF) and World Bank change how they deal with the developing world. Finance ministers, central bank governors and other top policymakers gathered this week in the Thai capital for the IMF-World Bank Annual Meetings, as decision...
Ukrainian President Volodymyr Zelensky on Friday asked European Union leaders to provide Kyiv an extra 70 billion euros (US$79 billion) in funding next year to help it keep fighting Russia. “The war will cost 155 billion euros next year. And we need at least 70 billion euros more from you – for defence, for weapons and for our resilience,” Zelensky said in a speech at an EU summit in Brussels. ...
Chinese chip and tech firms have flagged as much as six-fold growth in unaudited third-quarter profits, as huge demand for home-grown processors and artificial intelligence infrastructure filters through links in the supply chain amid the country’s push for self-reliance. Shanghai-listed Yuanjie Semiconductor Technology expected its quarterly net profit to land between 403 million yuan and 453 ...
Indonesia has spent months trying to persuade investors that its economy is on the right course. A weakening rupiah, mounting budgetary pressures and a series of contentious policy decisions have made that task harder. Doubts about the management of Southeast Asia’s largest economy have now coalesced around its central bank, whose independence has come under intense scrutiny recently as Preside...
China’s central bank chief has said exchange-rate adjustments alone cannot resolve global economic imbalances, urging surplus and deficit economies to share responsibility for addressing them. He also pledged to promote yuan-denominated bonds as “eligible collateral widely recognised and accepted globally”. Speaking at the third G20 finance ministers and central bank governors’ meeting in Bangk...
The coming Apec finance ministers’ meeting in Hong Kong will demonstrate “China’s voice” in regional stability, with the city uniquely placed to bring together regional leaders for important exchanges in a geopolitically charged world, the treasury chief has said. In an exclusive interview with the South China Morning Post on Thursday, Secretary for Financial Services and the Treasury Christoph...
Hong Kong investors are Asia’s most ambitious stock pickers, but they have much more subdued return expectations than regional peers swept up in enthusiasm over artificial intelligence, according to a survey by a global asset management firm. Some 95 per cent of Hong Kong respondents said they wanted to outperform the market, the highest proportion in Asia, where the average stood at 85 per cen...
Canada and Singapore are among the countries that remain committed to strengthening trade ties with China, despite growing global fragmentation and a push by governments towards greater self-sufficiency, officials from both countries said on Wednesday at an economic forum in New Delhi. Canada’s minister of international trade Maninder Sidhu said China was the country’s second-largest trading pa...
Hong Kong police have arrested six people allegedly tied to a nine-year scam run by a suspected cross-border criminal syndicate offering business opportunities in agarwood and cryptocurrency, with funds involved reaching HK$14 million (US$1.78 million). Superintendent Allan Chu Ming-lun of the commercial crime bureau said on Thursday that investigations began in September after the force receiv...
Taiwan Semiconductor Manufacturing Co (TSMC) is in discussions regarding a potential role in Elon Musk’s proposed Terafab project in Texas, according to company chairman and CEO C.C. Wei, although he stressed that TSMC would retain operational control of any partner factory. The plant “has got to be run by TSMC”, Wei said during the third-quarter earnings call on Thursday. TSMC, the world’s lar...
Faced with a fuel crisis beyond its control, Bangladesh’s government is spending the equivalent of hundreds of millions of US dollars each month to insulate its people from surging prices. But as growth slows and inflation rises, the new government’s reform plans are being tested before it has had much time to clean up the country’s troubled financial institutions or retool its young, abundant ...
