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Hong Kong to continue capitalising on ‘dim sum’ bond and loan opportunities after offshore yuan debt grew exponentially in 2023, regulators say

20 Feb Hong Kong to continue capitalising on ‘dim sum’ bond and loan opportunities after offshore yuan debt grew exponentially in 2023, regulators say

Posted at 11:33h in Asia

Hong Kong is set to continue capitalising on offshore yuan funding opportunities after “dim sum” bonds and loans – offshore debt denominated in the yuan – grew exponentially in 2023, regulators said.Last year, dim sum bonds issued in Hong Kong increased by 65 per cent...

19 Feb The Greater Bay Area at 5

Posted at 09:14h in Asia

NewSCMP Hong Kong SeriesThe Greater Bay Area at 5February 18 marks five years since Beijing unveiled its blueprint to turn the Greater Bay Area into a hi-tech powerhouse by 2035. The region of more than 86 million people covers Hong Kong, Macau and nine Guangdong...

17 Feb Opinion | AIIB must give local communities a voice in development projects

Posted at 08:30h in Asia

In its eight years of operation, the Asian Infrastructure Investment Bank (AIIB) has grown to be the second-largest multilateral development bank in terms of membership and has invested more than US$50 billion in more than 250 projects. While some might laud the size and...

15 Feb Leaving China, long-time EU trade group chief says investors remain keen, but with more reservations

Posted at 18:55h in Asia

“It has been the most amazing journey,” the German executive spoke of his four decades in China, witnessing the country’s emergence from the dark days of the Cultural Revolution and growing to become the world’s second-largest economy.Joerg Wuttke, president emeritus of the European Chamber of...

15 Feb Opinion | China’s stock market has little to fear from Trump presidency – unlike the US

Posted at 11:30h in Asia

This is not surprising, given Trump’s threat to revoke “most favoured nation” trade status for China and impose a flat 60 per cent tariff on all Chinese imports. According to Bloomberg, that would slash the proportion of US imports coming from China – the...

15 Feb In battered Chinese stocks, traders favour ‘lottery ticket’ trade

Posted at 02:46h in Asia

In the wreckage of China’s stock-market meltdown, Wall Street traders are making long-shot bets that officials in Beijing can stoke a recovery.Investors are finding moments to snap up options tied to US-listed exchange-traded funds that track Chinese equities, which have been whipsawed by Covid lockdowns,...

14 Feb China’s gold jewellery market shines as culturally resonant designs draw young buyers to safe-haven metal

Posted at 00:30h in Asia

The rise of the guochao or “China chic” trend, which celebrates Chinese identity, coupled with the increasing value of gold, has created significant market opportunities in the gold jewellery market in China, which was valued at 410 billion yuan (US$57 billion) in 2022, according to...

13 Feb India’s stock weightage climbs to record high on MSCI Global Standard index, seen rising further

Posted at 05:21h in Asia

India’s stock weightage climbs to record high on MSCI Global Standard index, seen rising furtherIndex provider MSCI raised India’s weightage in its Global Standard (Emerging Markets) index to a historic high of 18.2 per cent following its February review, and the changes will come into...

08 Feb Market call: Chinese start-ups still crave US investors despite IPO challenges, bilateral friction

Posted at 14:00h in Asia

Less clear is whether the largest, most attractive Chinese companies want to navigate the shifting maze of impediments for a US listing – and how interested foreign investors are.Ethan Guo Yuanchi, a co-founder of Scage. Photo: HandoutOnce a license to print money, Chinese initial public...

07 Feb New US duties on Chinese tin mill steel imports are struck down, drawing criticism from lawmakers

Posted at 18:49h in Asia

A US trade agency struck down proposed duties on tin mill steel imports from China and three other countries on Tuesday, drawing criticism from lawmakers whose constituencies include steelmakers that claimed the tariffs were essential to offset below-cost dumping by foreign companies.A four-member panel of...

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