17 December 2017


  • US regulators apparently want to bring products and services involving financial innovation, such as bitcoin, under their purview. Photo: Bloomberg

    US panel urges regulators to monitor financial innovation risks

    Dec 15, 2017 8:59am
    A US regulatory panel called for watchdogs to closely monitor risks created by financial innovation, warning that “fintech” and virtual currencies such as bitcoin threaten to disrupt the traditional financial services industry. The comments from the...
  • The put/call open interest ratio for the Nasdaq 100 went through the roof in October-November 2017, coinciding with the weakness, which started in large technology stocks at the end of November. Photo: Bloomberg

    Cooling some froth in equity markets

    - Dec 11, 2017 3:43pm
    The frothier elements of global equity markets ‒ mainly technology and emerging markets stocks ‒ will probably enter a period of consolidation in December. While the medium-term outlook remains solid, there is also a feeling that...
  • A high dividend yield in excess of 5 percent makes HSBC shares a good fit for Ping An Insurance’s investment portfolio. Photo: HKEJ

    How Ping An became HSBC’s second-largest shareholder

    - Dec 8, 2017 4:52pm
    Ping An Insurance announced this week that it had built up its stake in HSBC Holdings (00005.HK) to 5.01 percent and become the banking giant’s second-largest shareholder, next only to Blackrock which owns a little less than 7 percent....
  • Intercontinental Exchange has some concerns about the cryptocurrency market, says CEO Jeff Sprecher. Photo: Bloomberg

    Intercontinental Exchange holds back on crypto-futures

    Dec 6, 2017 9:06am
    Intercontinental Exchange (ICE) has put a lot of thought into the idea of futures contracts on cryptocurrencies like bitcoin, but has yet to move forward due to the opaque nature of the underlying markets, its chief...
  • Taking some risk to earn some return may be the best way forward, but finding the optimal balance between upside potential and downside protection can be difficult. Photo: Reuters

    How to be a risk leader, not a follower

    - Dec 1, 2017 9:53am
    A strong showing by equity markets in 2017 may simply have added to investors’ uncertainty as they gauge what to do next. Taking some risk to earn some return may be the best way forward, but...
  • Strong corporate governance and sustainability practices are prerequisites for emerging-market companies in Asia hoping to compete globally. Photo: Boston Common

    Emerging-market investments through an ESG lens

    - Dec 1, 2017 9:12am
    This year marks the 20th anniversary of the Asian financial crisis, which saw stock markets in all four Asian Tigers nosedive. It was also a time when investors were taking the first early steps to integrate...
  • Amid fears of a bubble, bitcoin has turned more volatile on cryptocurrency exchanges. Photo: Reuters

    Bitcoin loses over a fifth of its value in less than 24 hours

    Dec 1, 2017 8:24am
    Bitcoin slid to as low as US$9,000 in volatile trade on Thursday, losing more than a fifth of its value since hitting an all-time high of US$11,395 the previous day, Reuters reports. The cryptocurrency fell as...
  • Nasdaq is said to have teamed up with New York-based money manager VanEck to develop a bitcoin futures product, Photo: Reuters

    Nasdaq plans bitcoin futures contract in 2018: report

    Nov 30, 2017 8:49am
    Nasdaq aims to launch next year a futures contract based on bitcoin, making it the third exchange operator to plan US derivatives contracts linked to the digital currency, according to Reuters. The exchange has teamed up...
  • Soaring about 1000% since the start of the year, bitcoin is seen by some market observers as being in dangerous bubble territory. Photo: Reuters

    Bubble fears grow as bitcoin scales new peaks

    Nov 30, 2017 8:07am
    Bitcoin zoomed past US$11,000 to hit a record high for the sixth day in a row on Wednesday before falling back sharply, heightening concerns about a bubble in the cryptocurrency. After soaring more than 1,000 percent...
  • Divergent performance between old and new-economy counters has been going on for a while. Photo: China Daily

    What to do if you have missed the new-economy stock boom

    - Nov 29, 2017 12:30pm
    I was stopped by a man when I was heading to a talk in Wan Chai last weekend. The man wanted help as he has largely stuck to conservative old-economy counters and has totally missed the...
  • Since the launch of stock connect links, China has approved Chinese mutual funds that allocate a significant amount of capital to Hong Kong equities. Photo: AFP

    Why slower HK-bound funds approval won’t deter China investors

    - Nov 29, 2017 8:33am
    Hong Kong’s red-hot stock market has taken a pause after stocks favored by southbound investors plunged on Monday. It’s reported that Chinese authorities have suspended approval of certain new mutual funds that are meant for investing...
  • Cisco is among a number of multinationals that have formed an alliance with IOTA on a data marketplace. Photo: Reuters

    Blockchain network IOTA forms alliance on data marketplace

    Nov 29, 2017 8:32am
    IOTA, an open-source blockchain network, has teamed up with some of the biggest global corporate names led by Cisco Systems Inc., Volkswagen AG, and Samsung Group to launch what is aimed to be a secure marketplace...
  • Bitcoin prices have spurted dramatically in recent weeks, prompting some observers to warn of a huge speculative bubble. Photo: Reuters

    Bitcoin shoots past US$10,000 in some exchanges

    Nov 29, 2017 8:28am
    Bitcoin crossed US$10,000 on Tuesday to hit a new record in some smaller exchanges and digital currency indexes, but remained just below that mark in major trading platforms, Reuters reports. On CEX.IO, which started out as...
  • The 'core-satellite' investment strategy refers to creating a portfolio by maintaining a strong foundation (core) of more traditional investments, around which more specialised (satellite) investments can be added. Photo: BlackRock

    Digital technology: Transforming approach to thematic investing

    - Nov 24, 2017 10:19am
    Technology and its widespread application are transforming all aspects of our lives, with some describing digitalization as the third industrial revolution in human history. We believe that the application of digital technology has the potential to...
  • A technician controls an industrial robot on the testing line. China – the Greater Bay Area in particular – is already a world leader in innovation, technology and advanced manufacturing. Photo: Bloomberg

    Making Greater Bay Area a global technology and innovation hub

    - Nov 23, 2017 11:28am
    It may surprise some in the West that China – the Greater Bay Area in particular – is already a world leader in innovation, technology and advanced manufacturing. The latest data from the United Nations’ World...
  • Although economic news has been good of late and stock markets are hitting new highs, investors would do well not to get carried away. Photo: Reuters

    Rising tides, changing news. Should I change my market views?

    - Nov 23, 2017 11:00am
    Based on a steady, broad-based flow of positive reports from around the world, the tide of global economic growth is rising. And as a strategist, I take stands on the markets based on my interpretation of...
  • The Goldilocks scenario of low inflation and robust growth is now widely accepted among investors. Despite equity indices scaling one high after another, Philipp Baertschi believes equities offer the greatest potential. Photo: Reuters

    Goldilocks forever?

    - Nov 20, 2017 10:19am
    The Goldilocks scenario of low inflation and robust growth is now widely accepted among investors. Central banks appear to have achieved their goals and can start to raise interest rates gradually. Under these circumstances, it is...
  • Since King Salman (L) ascended to power in 2015, his son, Crown Prince Mohammed bin Salman (R), has become the most influential and powerful figure in the oil-rich Saudi kingdom. Photo: Reuters

    Saudi purge: The Crown Prince’s motives and market implications

    - Nov 15, 2017 11:01am
    Earlier this month, Saudi Arabia’s newly formed anti-corruption committee detained 201 people in a sweeping purge. Among those held were eleven princes, four ministers and tens of former ministers. The so-called “anti-corruption” campaigns take on different...
  • Warren Buffett has backed away further from IBM investment while loading up on Apple shares. Photo: Reuters

    Buffett’s Berkshire cuts IBM stake, takes bigger bite of Apple

    Nov 15, 2017 8:58am
    Warren Buffett’s Berkshire Hathaway has sold another large chunk of its stake in IBM Corp, while adding to its holdings in Apple, in a significant rejig of the company’s investment portfolio. Berkshire cut its IBM stake...
  • When the Hong Kong-Zhuhai-Macau bridge is completed, it will further integrate the Pearl River Delta cities. Photo: Reuters

    How to improve the infrastructure in the Greater Bay Area

    - Nov 10, 2017 5:30pm
    Promoting and improving infrastructure connectivity between the 11 cities that make up the Greater Bay Area, including Hong Kong, and the rest of the world are critical to the long-term success of the Greater Bay Area...

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