Date
19 October 2019

Finance

  • Australian neobank Xinja offers employees unlimited annual leave, free meals and no dress code on top of stock options. Photo: Xinja

    Perks HK startups might want to consider for young people

    - Sep 4, 2019 12:04pm
    With a political crisis gripping Hong Kong society at the moment, it might not be a good time to talk about job perks for young people, many of whom are preoccupied with battling police in the...
  • Prices of US long-dated treasury bonds have been climbing as the yield continues to drop. Photo: Reuters

    The risks in chasing yields

    - Sep 4, 2019 11:16am
    Buying stocks for dividend was once a common theme. However, the investment culture shifted in recent decades and people began focusing more on speculative activities and the hunt for quick capital gains. But over the last...
  • Facebook's new digital coin Libra is expected to launch in the first half of 2020. Photo: Reuters

    ECB official warns against Libra’s ‘treacherous promises’

    Sep 3, 2019 9:43am
    Facebook’s proposed Libra currency could undermine the European Central Bank’s ability to set monetary policy and Europe should ignore its siren call of “treacherous promises”, ECB board member Yves Mersch said. Libra, a new digital coin...
  • HSBC has been looking to use digital ledger technology to streamline the traditionally paper-based and bureaucratic business of financing trade. Photo: Reuters

    HSBC processes first blockchain letter of credit using yuan

    Sep 3, 2019 9:40am
    Banking giant HSBC said on Tuesday that it has completed the first yuan-denominated blockchain-based letter of credit transaction, Reuters reports. As the first such transaction to use the Chinese currency, this deal marks a step forward...
  • BOE Technology, which saw first-half profits plunge 44 percent, said it faced extremely severe challenges due to trade frictions and an industry downturn. Photo: Bloomberg

    Trade war dents Chinese company profits, investment inflows

    Sep 3, 2019 9:22am
    Some Chinese business sectors reported solid first-half earnings, though a substantial fall in industrial profits and in tepid overseas investment inflows into China’s stock markets show a fallout from the protracted trade war with the United...
  • Investors don't seem to appreciate the unsustainability of the high margins many companies enjoy today, says the author. Photo: Reuters

    As cycle matures, investors are becoming choosier

    - Sep 2, 2019 1:51pm
    Despite global equity markets providing double-digit returns in the first half of the year, investors are discriminating to a degree we haven’t seen in years. At the margin, capital has shifted away from companies that profit...
  • More businesses are said to be deserting the Shanghai free trade zone. Photo: Reuters

    Shanghai free trade zone sputters as capital controls tighten

    Sep 2, 2019 11:38am
    When China launched the expansion of the Shanghai free trade zone (FTZ) recently and announced six new FTZs in July, officials touted the efforts to attract foreign investment and deepen trade ties with neighboring countries. Yet,...
  • Given their huge dependence on the mainland China market, Hong Kong-listed firms will be buffeted by the headwinds from across the border. Photo: Bloomberg

    HK equities look cheap, except that earnings could fall further

    - Aug 30, 2019 10:30am
    Hong Kong equities are facing mounting pressure amid the escalating US-China trade war and the economic slowdown. The benchmark Hang Seng Index has already slumped over 20 percent from the peak level when trade war started...
  • BNP Paribas is said to be hopeful that it can bear rival bidders and land a deal for Deutsche Bank’s equity derivatives portfolio. Photo: Bloomberg

    BNP Paribas eyes Deutsche Bank’s equity derivatives book: report

    Aug 30, 2019 9:25am
    BNP Paribas plans to bid for Deutsche Bank’s equity derivatives book and is hopeful it can beat off rival bidders to secure a deal in the next few weeks, Reuters reports, citing sources familiar with the...
  • Tech stocks thrive on their innovation ability and are less dependent on external macro factors. Photo: Reuters

    Why some good stocks are not good enough

    - Aug 29, 2019 11:35am
    Investors say they should avoid investing in the wrong stocks. But in my view, they should also avoid certain good stocks – if they are not good enough. Billionaire investor Warren Buffett once said: “Let’s say...
  • Riot police officers stand outside a HSBC branch in Hong Kong during an anti-extradition bill protest on Aug 11. The bank has announced some measures to help SMEs in the wake of the social unrest in the city. Photo: Reuters

    HSBC to cut fees, offer rebates to aid struggling small HK firms

    Aug 28, 2019 4:28pm
    Banking giant HSBC will offer rebates and fee reductions for small and medium-sized companies in Hong Kong to help the firms cope with the challenging economic environment.  HSBC said on Wednesday that it will offer a...
  • While the broader economy may fluctuate, successful companies will be able to find enough business regardless of the environment. Photo: Reuters

    Ignore macro noises and focus on individual stocks

    - Aug 27, 2019 10:39am
    Investors have been overwhelmed by a flood of negative news recently, grappling with issues such as the social unrest in Hong Kong, escalating US-China trade war and an inverted USD yield curve. But these macro factors...
  • Xiaomi uses data from phone activity to create credit profiles. Photo: Bloomberg

    Xiaomi banks on phone data for finance play in India

    Aug 23, 2019 1:43pm
    Xiaomi Corp. (01810.HK) is poised to launch a consumer lending business in India in the coming weeks, making an ambitious tilt at the booming financial services market where data privacy concerns and fierce competition present formidable...
  • Some market participants expect the Federal Reserve to ease the monetary policy further by the year's end or next year. Photo: Reuters

    Reasons behind rapid growth of bonds with negative yield

    - Aug 23, 2019 11:43am
    The outstanding amounts of bonds trading in the negative yield territory have been growing rapidly. This is a rather old situation. The total market size of negative-yield bonds was around US$5.8 trillion in early October last...
  • Tesla's share price plunged after its founder and CEO Elon Musk admitted to taking pills to sleep. Photo: Reuters

    Should we factor in company head’s health when investing?

    - Aug 23, 2019 11:14am
    After Tesla’s founder Elon Musk admitted to taking pills to sleep in an interview with the New York Times, the share price of the electric car maker tanked 9 percent in a single day. This shows...
  • Standard Chartered supported the government to uphold social order and “guard the status of Hong Kong as an international financial center”. Photo: Bloomberg

    HK banks condemn violence, urge restoration of social order

    Aug 22, 2019 11:42am
    Some of Hong Kong’s biggest banks published full-page newspaper advertisements on Thursday calling for the preservation of law and order in the city and condemning violence, as weeks of pro-democracy protests show no sign of abating....
  • EU officials are concerned how about Libra may create “possible competition restrictions” on the information that will be exchanged and the use of consumer data. Photo: Reuters

    Facebook’s Libra faces EU antitrust probe: Bloomberg

    Aug 21, 2019 9:17am
    Facebook Inc.’s proposed digital currency Libra faces anti-trust probe by European Union regulators, Bloomberg reports, citing a document it has seen. The European Commission is “currently investigating potential anti-competitive behavior” related to Libra amid concerns that...
  • Democratic Representative Maxine Waters accused regulators of undercutting a cornerstone of Wall Street reforms introduced by the 2010 Dodd-Frank law. Photo: Bloomberg

    US regulators ease rules for Wall Street banks

    Aug 21, 2019 8:24am
    US banking regulators eased trading regulations for Wall Street banks, giving them one of their biggest wins under the Trump administration but drawing criticism from consumer activists who warned of potential risks to taxpayers. The Office...
  • Charlie Munger, who is currently 95, can be deemed an example of a value investor leading a long and happier life. Photo: Bloomberg

    Why value investors may live longer

    - Aug 20, 2019 1:01pm
    Charlie Munger, Warren Buffett’s longtime business partner, once reportedly remarked that “professors, judges and value investors live longer… while reporters, alcoholists and smokers live shorter” lives. Now, why would value investors live longer? Compared to value...
  • The American dream is alive, but fraying amid a growing wealth gap, says JP Morgan CEO Jamie Dimon. Photo: Bloomberg

    Top US CEOs vow to put social responsibility above profit

    Aug 20, 2019 9:21am
    Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday, Reuters reports, citing a “statement of corporate purpose” signed by the heads of more than...