Chinese commercial banks are increasing their US Treasury holdings, diverging from China's official trend, while Norway's sovereign wealth fund reduces its Treasury exposure, opting for higher-yielding assets.
Gary zhou
Sep 06, 2026
Hong Kong's Hang Seng Index rose by 1.74% on September 4, driven by tech stocks, while nearly 478,000 retirees invested HK$119.77 billion in government bonds, highlighting contrasting market sentiments.
Gary zhou
Sep 05, 2026
Hedge funds have invested $103 billion in shorting the yen, creating a risky crowd trade. A drop below 155 per dollar could trigger a short squeeze, impacting global dollar funding.
Gary zhou
Sep 05, 2026
Star Cruises has cancelled its Hong Kong sailings for September to November, opting instead for a new Southeast Asia season, raising questions about Hong Kong's cruise industry growth.
Gary zhou
Sep 05, 2026
Hong Kong's Hang Seng Index rose nearly 2% on Friday, led by tech stocks like Meituan and Baidu. Lenovo's AI advancements and a property developer's reassurance also contributed to market gains.
Gary zhou
Sep 04, 2026
Foreign visitors in China spent 263.6 billion yuan from January to July, up 28% from last year, with a shift towards smaller, frequent purchases due to simplified tax refunds and payment methods.
Gary zhou
Sep 04, 2026
Horizon Robotics and Momenta released interim reports on the same day, with revenue differing by only RMB 453 million but adjusted net losses diverging by about 118 times; the gap comes from R&D intensity and the definitions of excluded items.
Gary zhou
Sep 04, 2026
Chinese automakers face significant foreign exchange losses amid overseas expansion, highlighting the need for local production and currency management strategies to mitigate financial risks.
Gary zhou
Sep 03, 2026
The Bank of Canada has maintained its benchmark rate at 2.25%, citing economic uncertainties from U.S. tariffs and Middle East tensions, while monitoring inflation risks and economic growth.
Gary zhou
Sep 03, 2026
Oil refiners informed Trump that increasing refining capacity quickly is unfeasible, as global tensions and refinery constraints drive up fuel prices, impacting households and economies worldwide.
Gary zhou
Sep 03, 2026
The US Treasury's yen intervention in July was only $500 million, contrary to expectations of $5-10 billion. This modest action raises questions about transparency and the Treasury's strategic intentions.
Gary zhou
Sep 03, 2026
Shein's shares fell 5% on the Hong Kong Stock Exchange, reflecting investor concerns over growth and profitability, despite stabilisation measures. The IPO raised HK$13.6 billion, valuing the company at $26.5 billion.
Gary zhou
Sep 02, 2026
China's solar capacity has surpassed coal for the first time, despite a significant slowdown in new solar installations and increased power curtailment, highlighting challenges in the renewable energy sector.
Gary zhou
Sep 02, 2026
Hong Kong's billionaire count fell by two in 2025, yet the city remains a top wealth hub due to a 26.4% increase in ultra-high-net-worth individuals, driven by cross-border capital inflows.
Gary zhou
Sep 02, 2026
Federal Reserve Governor Michael Barr suggests a rate hike if inflation remains high, aligning with Fed Chair's recent stance. This could impact Hong Kong's mortgage costs due to the U.S. dollar peg.
Gary zhou
Sep 02, 2026
Jollibee Foods Corp plans to list its international arm on the Hong Kong Stock Exchange, shifting from an earlier US listing plan, to better align with its Asian market presence and growth ambitions.
Gary zhou
Sep 02, 2026
Huawei, Xiaomi, and Honor have increased prices on flagship smartphones due to surging memory-chip costs, with some models rising by up to 1,000 yuan. The adjustments reflect higher procurement costs.
Gary zhou
Sep 01, 2026
Baidu has transitioned to a dual-primary listing on the Hong Kong Stock Exchange, aligning with Nasdaq. This move aims to broaden its investor base and improve share liquidity.
Gary zhou
Sep 01, 2026
Hong Kong's Hang Seng Index fell for a second day, led by tech giants like Alibaba, amid global tensions and Shein's disappointing IPO debut. Investors eye US jobs report for Fed clues.
Gary zhou
Sep 01, 2026
Shein's Hong Kong IPO marks a significant valuation drop to $26 billion, reflecting investor challenges and market pressures. Despite a net loss, demand remains strong with substantial cornerstone commitments.
Gary zhou
Sep 01, 2026
Kevin Warsh's inflation warning impacts gold prices, but Hong Kong jewellery costs remain stable due to a complex pricing system. Local chains adjust prices independently, unaffected by immediate market changes.
Gary zhou
Sep 01, 2026
JD.com has invested over HK$10 billion in Hong Kong property, aiming to redefine retail dynamics by focusing on logistics and supply chain efficiency rather than traditional foot traffic.
Gary zhou
Sep 01, 2026
The yen has fallen below 160 to the dollar, erasing gains from a record US-Japan currency intervention. Despite the intervention, further action seems unlikely as the yen's slide continues.
Gary zhou
Sep 01, 2026
US forces struck Iranian rocket launchers in the Strait of Hormuz, prompting Iran to retaliate with missile fire. This military exchange has reignited tensions and affected global oil prices.
Gary zhou
Aug 31, 2026
Hong Kong's Transport Department has opened ride-hailing license applications, setting strict criteria that favor large operators like Uber and Didi Chuxing, aiming for safer and compliant transport options.
Gary zhou
Aug 29, 2026
Hong Kong Exchanges and Clearing revamped its Tech 100 Index, adding 10 AI-focused companies and removing 14 others. This marks the largest overhaul of the index, reflecting emerging technology trends.
Gary zhou
Aug 29, 2026
Experience the future of urban air mobility with EHang's EH216-S, an unmanned eVTOL aircraft, as it completes its first public demonstration in Hong Kong's Cyberport. Discover its role in the city's Low-Altitude Economy initiative and plans for commercial passenger services.
Gary zhou
Aug 29, 2026
Prudential's CEO asserts that China's new offshore tax won't affect Hong Kong sales, despite investor concerns. Mainland demand remains strong, with no observed impact on new business growth.
Gary zhou
Aug 29, 2026
Bitcoin options worth $6.4 billion expire amid a 28% August surge, driven by ETF inflows. The market faces potential volatility with a put-to-call ratio of 0.83 and a max pain level below current prices.
Gary zhou
Aug 29, 2026
The Chinese yuan is trading at its strongest level against the dollar since February 2023, reducing the buying power of Hong Kong dollars for residents spending north of the border.
Gary zhou
Aug 28, 2026
