17 July 2018


  • Unless Donald Trump’s protectionist push complicates matters, indicators are largely positive for Chinese equities, observers say. Photo: istock/Union Bancaire Privée

    Chinese equities earn their place in long-term portfolios

    - Jul 16, 2018 3:20pm
    The event might have appeared trivial had it not provided additional evidence of the potential long-term appeal of Chinese equities, despite turbulence caused by the threat of a trade war between Washington and Beijing. On June...
  • The European Central Bank will try to end asset purchases by December, indicating it has confidence in its ability to achieve price stability. Photo: AFP/Reuters

    Time to untie the ECB’s hands

    - Jul 13, 2018 12:34pm
    The European Central Bank’s recent announcement that it will try to end asset purchases by this December means that it has confidence in its ability to achieve price stability. But those who decided that price stability...
  • A file picture of Simon Loong, the founder of online lending platform WeLab. The fintech startup is gearing up for a Hong Kong IPO. Photo: Bloomberg

    How WeLab is doing things right

    - Jul 5, 2018 1:20pm
    WeLab Holdings, a Hong Kong-based financial technology unicorn backed by big names like Li Ka-shing’s TOM Group and Jack Ma’s Alibaba Group, has filed a listing application with the Hong Kong bourse. A draft prospectus reveals...
  • Wang Jian was a chairman and co-founder of HNA, one of China’s most acquisitive conglomerates which has been selling assets to slash debt. Photo: Bloomberg

    HNA chairman Wang dies after fall during trip to France

    Jul 4, 2018 5:51pm
    China’s HNA Group said Wang Jian, a chairman and co-founder, died during a business trip to France on Tuesday after a serious injury caused by a fall, Reuters reports. HNA, one of China’s most acquisitive conglomerates...
  • The market still offers opportunities for suitably skilled and risk-aware active managers who should pay heed to aligning risk settings with their investment horizons. Photo: Reuters

    Should investors prepare for the ‘worst of times’?

    - Jul 4, 2018 1:22pm
    “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness . . . it was the spring of hope, it was the...
  • Eddie Wong (R) says the large number of listing applications and strong fund-raising activities will help cement Hong Kong's position as a leader in the global IPO market. Photo: EJ Insight

    Hong Kong’s IPO run will continue in second half of 2018: PwC

    - Jul 3, 2018 5:51pm
    Hong Kong is expected to draw about 220 new listings this year, with the total fund-raising in the IPOs envisaged to be in the range of HK$200 billion to HK$250 billion, according to accounting and consulting giant...
  • PwC failed to uncover fraud that led to the August 2009 demise of Montgomery, Alabama’s Colonial BancGroup Inc., a US judge said. Photo: Bloomberg

    PwC ordered to pay US$625.3 million over bank’s collapse

    Jul 3, 2018 8:39am
    A federal judge said PricewaterhouseCoopers LLP must pay US$625.3 million in damages to the Federal Deposit Insurance Corp. for failing to uncover fraud that led to one of the largest bank failures of the global financial...
  • A weaker renminbi will affect the bottom line of many Hong Kong-listed companies, which generate most of their revenue from mainland China. Photo: Xinhua

    Dollar trend, US-China trade talks key to HK equity outlook

    - Jun 29, 2018 12:03pm
    The Hang Seng Index has tumbled below the 250-day moving average and hit a year’s low of 28,342 points. The index has lost over 15 percent from its peak level so far. Currently, the Hong Kong market...
  • Messaging service Telegram raised US$1.7 billion in one of this year's biggest initial coin offerings. Photo: Reuters

    Digital currency sales hit US$13.7 bln in first 5 months of 2018

    Jun 29, 2018 9:24am
    Digital currency sales jumped to US$13.7 billion in the first five months of the year, nearly double the amount raised for the whole of 2017, Reuters says, citing a report released by PwC’s strategy and consulting...
  • Deutsche Bank's US subsidiary has widespread and critical deficiencies in relation to capital planning controls, according to the US central bank. Photo: Reuters

    Deutsche Bank US unit flunks Fed stress test

    Jun 29, 2018 8:56am
    Deutsche Bank’s US subsidiary failed the second part of the US Federal Reserve’s annual stress tests due to “widespread and critical deficiencies” in the bank’s capital planning controls, Reuters reports. The German bank last week easily...
  • Hong Kong stocks took a beating in recent sessions, along with equities elsewhere, amid fears of a US-China trade war. Photo: Bloomberg

    Stock market selloff: Why we needn’t be too pessimistic

    - Jun 28, 2018 5:06pm
    The stock market selloff has gone on further in Hong Kong and in mainland China. The slide can be attributed to two factors, apart from a downdraft from external bourses, primarily Wall Street.  The US-China trade...
  • The strong US economy, combined with higher commodity prices, has heightened concerns about inflation and a faster-than expected tightening in global monetary policy. Photo: Reuters

    Tactical retreat from emerging market assets

    - Jun 28, 2018 4:03pm
    Emerging market stocks have been victims of the noise and uncertainty that have dominated headlines this year. Several emerging countries have been in the midst of consequential elections where the surrounding sentiment is not always market-friendly....
  • Facebook has decided to allow some crypto content from pre-approved advertisers, but will continue to enforce a ban on ICO-related ads. Photo: Reuters

    Facebook eases ban on cryptocurrency ads

    Jun 27, 2018 9:08am
    Facebook said on Tuesday that it is relaxing a ban on ads for cryptocurrencies while keeping a prohibition on initial coin offerings to raise assets.  The move comes five months after the social network gaint said...
  • One of the key purposes of the bond market in China is to provide liquidity to finance government projects for the long term. Photo: Bloomberg

    Unlocking value in onshore China bonds

    - Jun 26, 2018 11:49am
    China’s US$11.4 trillion bond market is the third-largest in the world but remains an unchartered territory for global investors. Many have viewed this market as a vast investment opportunity while some still see it as a...
  • Alibaba chairman Jack Ma speaks at a news conference in Hong Kong on Monday as group affiliate AlipayHK launched a blockchain-based cross-border remittance service. Photo: Reuters

    AlipayHK launches real-time HK-Philippines remittance service

    Jun 26, 2018 9:13am
    AlipayHK, an entity partly owned by Alibaba Group affiliate Ant Financial, on Monday launched a blockchain-powered cash remittance service between Hong Kong and the Philippines. The initiative will allow real-time transfers of cash between individuals in Hong...
  • Once the US dollar loses momentum, sentiment towards emerging markets should first stabilize and then improve. Photo: Reuters

    Emerging Asia remains attractive

    - Jun 25, 2018 5:51pm
    Geopolitical and financial risks came to the fore in May: the United States exited from the nuclear deal with Iran and went ahead with planned import tariffs on steel and aluminum, while the political crisis in...
  • China Renaissance Group, led by its founder Bao Fan, is reported to be planning a large Hong Kong IPO. Photo: Bloomberg

    China Renaissance eyes up to US$800 mln in HK IPO: report

    Jun 25, 2018 9:42am
    China Renaissance Group, a Beijing-based investment bank that had been involved in several high-profile Chinese tech deals, could raise as much as US$800 million in a Hong Kong IPO, Reuters reports, citing sources with knowledge of...
  • Japan's financial watchdog has issued business improvement orders to cryptocurrency exchanges after it found flaws in anti-money laundering systems and controls. Photo: Bloomberg

    Japan FSA orders improvements at crypto exchanges

    Jun 25, 2018 9:26am
    Japan’s Financial Services Agency (FSA) has ordered the nation’s cryptocurrency exchanges to carry out improvements on measures aimed at curbing money laundering. The financial regulator slapped six exchanges with business improvement orders after it found flaws in...
  • The People's Bank of China said it will keep monetary policy prudent and neutral. Photo: Bloomberg

    China cuts some banks’ reserve requirements to boost lending

    Jun 25, 2018 9:20am
    China’s central bank will cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing US$108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending...
  • The latest Fed stress tests show that although top US banks such as Citigroup would suffer US$578 billion in total losses, their level of high-quality capital would be greater than the threshold that regulators demand. Photo: Bloomberg

    Top US banks clear toughest Fed annual stress tests

    Jun 22, 2018 9:02am
    The 35 largest US banks are poised to put more money toward dividends, share buybacks and business investments, after clearing the first stage of an annual regulatory stress test that shows they have enough capital to...

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