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02.12.25 - 10:06
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Hong Kong insurers face profit pressure in aftermath of deadly Tai Po fire (SCMP)
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The devastating fire in Tai Po is likely to hurt profitability at Hong Kong's property insurers and could prompt them to review pricing strategies that have led to lower premiums amid fierce competition, according to S&P Global Ratings.
“Claim losses from last week's fire at Wang Fuk Court in Tai Po will further erode the sector's underwriting margins,” said Emily Yi Chang Yoon, credit analyst at S&P, in a report.
The city's property and casualty insurance companies already faced thinner......
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02.12.25 - 08:42
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Hong Kong taps Value Partners, 9 others to manage US$385 million residency fund (SCMP)
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Hong Kong Investment Corp (HKIC), the government's investment arm, on Tuesday appointed 10 asset managers spanning venture capital, private equity, private credit and hedge funds to oversee at least HK$3 billion (US$385 million) under its enhanced cash-for-residency scheme.
HKIC said in a statement that the new batch of managers for the investment portfolio under the New Capital Investment Entrant Scheme (New CIES) included Hong Kong-headquartered Value Partners, one of Asia's largest asset......
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02.12.25 - 04:48
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China′s 3SBio seeks US$400 million in Hong Kong to boost drug pipeline (SCMP)
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Chinese drug maker 3SBio plans to raise HK$3.12 billion (US$401 million) by selling a 4.14 per cent stake in the company to fund clinical research in China and the US and expand the global reach of its drug portfolio.
The Shenyang-based biopharmaceutical firm has agreed to sell 105.1 million new shares at HK$29.62 each. The placing price represents a 6.5 per cent discount compared with Monday's closing price of HK$31.68, according to its filing with the Hong Kong stock exchange on Tuesday.
The......
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02.12.25 - 03:30
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Hong Kong stocks head for 2-week high amid upbeat outlook for 2026 (SCMP)
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Hong Kong stocks rose to a two-week high as asset managers and investment banks bet that equities would stretch their decent run into 2026.
The Hang Seng Index climbed 0.8 per cent to 26,244.46 as of 10.08am local time, heading for the highest close since November 17. The Hang Seng Tech Index gained 0.6 per cent.
On the mainland, the CSI 300 Index slipped 0.1 per cent and the Shanghai Composite Index added 0.3 per cent.
Technology stocks led the gains as short-video operator Kuaishou Technology......
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01.12.25 - 13:00
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HSBC tips Hong Kong and mainland Chinese shares to maintain momentum in 2026 (SCMP)
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Hong Kong and mainland Chinese stocks are set to extend their gains in 2026 after a strong rally this year, HSBC Asset Management said, with improved earnings, easing deflationary pressures and policy support expected to underpin further upside despite lingering global rate and geopolitical uncertainties.
When investors looked back on 2025, the words that came up most often were “uncertainty” and “volatility”, but it turned out to be “a very good year for almost all asset classes”, said Michael......
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01.12.25 - 11:36
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Beijing′s crypto warning casts shadow over Hong Kong′s stablecoin ambitions (SCMP)
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Beijing's explicit denunciation of stablecoins as a financial risk has cast fresh doubt on Hong Kong's ambitions to become a regulated hub for the asset class, according to legal experts and analysts.
The People's Bank of China (PBOC) – together with the public security ministry, the cyberspace administration, the top court and other key financial regulators – said in a statement on Saturday that stablecoins did not meet the mainland's requirements on customer identification and......
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