21 May 2018

Finance & Property

  • From an investment perspective, most Asian currencies appear undervalued against their true potential – and especially undervalued against the US dollar. Photo: Bloomberg

    Hunger grows for Asian fixed-income

    - May 21, 2018 9:30am
    The financial crisis that affected Asia in the 1990s scarred both the region and its governments, prompting politicians and policymakers to learn from their mistakes. With structural reforms, tighter regulations and improved capital requirements, their efforts...
  • A strong dollar plus rising US rates would put a heavy burden on emerging economies and threaten their financial safety. Photo: Bloomberg

    A stronger dollar could trigger the next financial crisis

    - May 18, 2018 1:49pm
    Let’s revisit how the Hong Kong market collapsed in the second quarter of 2015. The Hang Seng Index slumped as much as 36 percent to 18,278 points on Feb. 12, 2016, from a high of 28,588...
  • PayPal is acquiring Sweden-based iZettle in a deal that would help the US fintech giant expand its presence in in-store payments globally. Photo: Bloomberg

    PayPal acquires Swedish payments startup iZettle

    May 18, 2018 9:55am
    PayPal Holdings has agreed to acquire Sweden-based payments startup iZettle in a deal worth US$2.2 billion, according to an announcement Thursday. The deal will enable PayPal to expand its presence in in-store payments globally, and will...
  • Top Chinese lenders are likely to perform better than smaller players as the sector goes through further deleveraging. Photo: Reuters

    Are Chinese banking counters good bets?

    - May 17, 2018 12:13pm
    US billionaire Warren Buffett was able to achieve strong investment returns last year as his portfolio had high exposure to financial stocks, some analysts have pointed out. Banking stocks certainly outperformed in the United States in recent...
  • Despite concerns over the Argentina economy and capital outflow from emerging markets, this sort of crisis is hardly new to investors. Photo: Reuters

    Why stock markets are unlikely to see sharp falls

    - May 16, 2018 12:19pm
    Over the weekend, all available flats in Mount Regency, a residential project being developed by Sun Hung Kai Properties in Tuen Mun, were snapped up. Most of the buyers were investing in real-estate in order to...
  • Berkshire Hathaway, controlled by legendary investor Warren Buffett, has confirmed that it has boosted its stake in Apple significantly during the first quarter of this year. Photo: Reuters

    Berkshire confirms it is now Apple’s No. 2 shareholder

    May 16, 2018 9:19am
    Warren Buffett’s Berkshire Hathaway on Tuesday confirmed that it has become Apple’s second-largest shareholder, owing about 240 million shares in the iPhone maker as of end-March. In a regulatory filing, the conglomerate disclosed that it invested US$14.8...
  • Some observers speculate that China's central bank has completed its deleveraging drive and shifted to pumping more liquidity into the market. Photo: China Photos

    Deleveraging is no longer a priority for Beijing

    - May 15, 2018 5:19pm
    In its latest quarterly report, China’s central bank said its three overriding tasks are stabilizing growth, adjusting the economic structure and preventing potential risks. It’s worth noting that deleveraging, which was outlined as a key task...
  • Charles Li, chief executive of HKEx, has overseen a change in listing rules as the bourse seeks to lure tech giants. Photo: Bloomberg

    Investors should do their homework on dual-class share firms

    - May 15, 2018 11:44am
    Chinese e-commerce giant Alibaba Group had once looked at the possibility of an initial public offering (IPO) in Hong Kong. But eventually the company decided to list elsewhere, namely the US, as Hong Kong did not accept...
  • Hackers sent hundreds of false orders to move amounts ranging from tens of thousands to hundreds of thousands of pesos from Mexican banks to fake accounts in other banks, sources said. Photo: Reuters

    Millions stolen from Mexican banks in transfer heist

    May 15, 2018 9:21am
    Thieves siphoned hundreds of millions of pesos out of Mexican banks, including No. 2 Banorte, by creating phantom orders that wired funds to bogus accounts and promptly withdrew the money, Reuters reports, citing two sources close...
  • The application is a step toward JPMorgan’s return to the securities business in China, having sold its 33 percent holding in a similar venture to its local partner in 2016. Photo: Bloomberg

    JPMorgan applies for majority-owned securities business in China

    May 14, 2018 4:43pm
    JPMorgan Chase & Co. said on Monday it has applied to China’s securities regulator to set up a securities business in which the US bank would own a majority stake under recently relaxed ownership rules, Reuters...
  • HSBC said the use of blockchain technology has made trade finance transactions simpler, faster, more transparent and more secure. Photo: AFP

    HSBC performs first trade finance transaction using blockchain

    May 14, 2018 4:27pm
    HSBC Holdings Plc said on Monday it has performed the world’s first trade finance transaction using blockchain technology, a major step in boosting efficiency and reducing errors in the multitrillion-dollar funding of international trade, Reuters reports....
  • Visitors look at the North Korean side from an observation deck at the Imjinkak pavilion, near the demilitarized zone that separates the two Koreas in Paju, South Korea. Photo: Reuters

    Peace talks ignite land buying frenzy along South Korea border

    May 14, 2018 8:51am
    With North Korea pledging to reduce tensions and renew ties with its southern neighbor, South Korea’s hottest property market is now along the heavily fortified border between the two countries. Demand for property in small towns...
  • Investors are supposed to do well by owning stocks from the beginning November to the end of April, then parking the money in money market funds, and repeating the pattern in the following year. Photo: Reuters

    Does ‘sell in May and go away’ work?

    - May 11, 2018 10:41am
    At around this time of the year, a lot of space in financial news pages is typically devoted to the seasonal pattern of sluggish performance in May and June and a rebound that follows in July....
  • Hong Kong will allow banks in the city to adopt big data analytics to assess borrowers’ credit risks for certain types of personal loans. Photo: Reuters

    HKMA to waive income proof for mobile loans, promoting fintech

    May 10, 2018 2:59pm
    The Hong Kong Monetary Authority (HKMA) will allow banks in the city to adopt big data analytics to assess borrowers’ credit risks for personal loans applied for online or via mobile phone, without borrowers having to provide...
  • The Hongkong and Shanghai Hotels reported strong occupancy rates and room revenues for the first quarter, but investors are more interested about the share price and dividend. Photo: Bloomberg

    How long is long term for Peninsula shareholders?

    - May 10, 2018 11:59am
    How long is long-term? That was the question raised by some loyal shareholders of Hong Kong and Shanghai Hotels at the group’s annual general meeting on Wednesday. No, they’re not unhappy about the service at The...
  • Billionaire Warren Buffett said investors are much better off owning US stocks, whose prices are elevated but not in a “bubble”. Photo: Bloomberg

    Buffett bashes bitcoin as thriving on mystique, favors stocks

    May 8, 2018 8:56am
    Billionaire investor Warren Buffett said buyers of bitcoin, which he has characterized as “rat poison squared”, thrive on the hope they’ll find other people who will pay more for it, Reuters reports. Likening bitcoin demand to...
  • Berkshire Hathaway CEO Warren Buffett mingles with shareholders during the company's annual meeting in Omaha, Nebraska, on Saturday. Photo: Reuters

    Why Buffett would want to invest in China this year

    - May 7, 2018 12:14pm
    I like listening to Warren Buffett. Who doesn’t? Last year, a guy pledged US$2.7 million to a charity just to meet with the Sage of Omaha and listen to his words of wisdom over lunch. I...
  • The draft rules lay the foundation for offshore-listed tech giants to return to the domestic capital markets via the issuance of China Depositary Receipts. Photo: Bloomberg

    China details CDR rules to woo overseas-listed companies

    May 7, 2018 9:16am
    China’s securities regulator has published draft rules on the issuance of China Depositary Receipts, or CDRs, paving the way for domestic flotation of offshore-listed tech giants and the launch of a cross-broader link of exchanges in...
  • CEO John Flint wants to deploy more capital into the bank's businesses to tap growth opportunities. Photo: Bloomberg

    HSBC unveils US$2 billion share buyback after profit drop

    May 4, 2018 3:33pm
    HSBC Holdings PLC’s (00005.HK) new chief executive sought to cheer investors with a share buyback of up to US$2 billion after it reported an unexpected 4 percent drop in first-quarter pre-tax profit due to a surge...
  • Tesla CEO Elon Musk described analysts' questions about the company's capital requirements as “boring”. Photo: Bloomberg

    Short-sellers win US$700 million after Tesla plunges

    May 4, 2018 9:33am
    Short-sellers who had targeted Tesla Inc. logged a US$700 million paper profit on Thursday after the stock fell nearly 9 percent a day after chief executive Elon Musk stunned analysts by dodging “boring” questions about the...

EJI Weekly Newsletter

Please click here to unsubscribe