COMMENTARY

China cannot afford to let property market crash

AS China's economy picks up after the pandemic, the last thing you might expect is a renewed credit squeeze in the real estate industry.

THE BROAD VIEW

Can China beat US in the financial cold war?

CHIPS, Chats, and Swift. They refer to the machinery of international finance that gives America extraordinary leverage. Like so much else, they're also weapons in the coming cold war between China and the US. The People's Republic resents Washington's dominance over global payments and wants...

COMMENTARY

HSBC's split personality is dragging it down

HSBC Holdings Plc can't seem to get a break. Even the financial-market boom that buoyed profits at some banks wasn't enough to save Europe's biggest lender from missing estimates.

COMMENTARY

The office isn't dead. It's just convalescing

I RETURNED to the office last week, joining thousands of bankers from Citigroup to Morgan Stanley that are trickling back to their desks in Hong Kong. After almost five months working from home, it's going to take some getting used to.

Investors wake up and smell the Luckin Coffee

[HONG KONG] Investors in Luckin Coffee, China's upstart rival to Starbucks, should have seen this coming.

OPINION

HK's property insiders in buying mode

A NOVEL coronavirus outbreak following months of anti-government protests might seem like a toxic cocktail for the world's least affordable property market. Yet, Hong Kong's real estate insiders are in buy mode.

Hong Kong's property insiders are in buy mode

[HONG KONG] A deadly virus outbreak following months of anti-government protests might seem like a toxic cocktail for the world's least affordable property market. Yet Hong Kong's real estate insiders are in buy mode.

THE BROAD VIEW

HSBC is no man's land for its interim CEO - or anyone

HSBC Holdings is embarking on a radical overhaul while it continues the hunt for a permanent chief executive. For investors, the strategic muddle of this bizarre situation should be at least as troubling as the stinging cuts, US$7.3 billion in charges and suspension of buybacks that the bank...

SoftBank's Masa and his bankers grab a shared ride

[HONG KONG] Mitsubishi UFJ Financial Group Inc (MUFG) is investing more than US$700 million in South-east Asian ride-hailing giant Grab. It's a three-way deal in which everyone gets what they currently lack.

OPINION

Hong Kong's Teflon home prices are virus-proof

HONG Kong's home prices have proved resilient to months of protests and now the coronavirus epidemic, a one-two punch that the city's finance chief likened over the weekend to "tsunami-like" shocks.

Shanghai-London Connect was always just a pipe dream

[HONG KONG] It's always easier to put up a barrier on an empty road than a busy highway.

MSCI starts closing its open door to China

MSCI Inc is showing new toughness on adding domestic China shares into its global benchmarks. The move will better protect investors and may dampen a political backlash in the US after it already opened the door to more Chinese stocks. The new, almost insurmountable conditions will effectively...

COMMENTARY

Hong Kong's home prices seem immune to protests

HONG Kong's protests are damping real estate activity, spurring speculation of a long-overdue tumble in the city's notoriously expensive housing market. Prices are likely to prove more resilient than some expect.

Hong Kong money is fleeing? Not around here

[HONG KONG] Hong Kong may have been seeing money flow out as the city's turmoil undermines its reputation as a stable financial centre, but one important source of capital keeps on coming: cash for initial public offerings (IPOs).