KAREN JOY BACUDO Finance Editor Hong Kong children aged eight to 15 hold HK$4.1 billion in cash, bank accounts and piggy banks, according to a YouGov survey commissioned by banking technology company Hyperlayer. The findings suggest a large share of that money sits outside traditional banking channels. Hyperlayer estimated that 36% of children in that…
Ocorian has appointed Francel Fullard as Head of Private Clients, Hong Kong. In her role, Francel (pictured) leads Ocorian’s Private Client team in Hong Kong, working closely with high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families on the establishment and ongoing administration of complex trust and fiduciary structures. Francel has more than ten years’ experience…
The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandatory Provident Fund Schemes Authority (MPFA) have launched the Generative Artificial Intelligence (GenA.I.) Sandbox++ initiative, in partnership with Hong Kong Cyberport Management Company Limited (Cyberport). The HKMA, SFC, IA, and MPFA serve as Hong Kong’s key financial regulators, overseeing the…
Hong Kong authorities have questioned a World Bank report giving the city lower grades for business readiness, saying outdated data has led to unfair comparisons. The digital policy office said early on Tuesday that Hong Kong remained among the top 20 for “operational efficiency” and in the second quintile for “regulatory framework” and “public services”…
Four fintech industry organisations from Hong Kong and mainland China have formalised a strategic partnership aimed at deepening collaboration and integration across the Greater Bay Area and the wider fintech sector. Regional cooperation The agreement brings together the FinTech Association of Hong Kong, the Zhongguancun Fintech Industry Development Alliance from Beijing, the Shenzhen Fintech Association,…
Published: Nov. 17, 2025 at 2:10 p.m. ET Cryptocurrency stockpiler Strategy might have an obstacle in its path to S&P 500 inclusion — in the form of an “elephant” currently residing in the S&P Small-Cap 600 index. That’s Stephens analyst Melissa Roberts’s term for Sandisk SNDK, the maker of storage devices whose red-hot stock in recent…
Charlie Garcia is the founder of R360, a global community of individuals and families with a net worth of $100 million or more. He is editor-in-chief of the Night Owl, R360’s exclusive publication delivering contrarian insights into global markets. Garcia is the author of the books “A Message From Garcia” and “Leadership Lessons of the…
NEW YORK (AP) — Big Tech and other superstars of the U.S. stock market got back to rallying on Monday, and Wall Street recovered most of its loss from last week. The S&P 500 climbed 1.5% and clawed back nearly all its drop from last week, which was its first weekly loss in four. The…
Published: Nov. 6, 2025 at 3:34 p.m. ET U.S. stocks are stumbling this month amid worries over stretched valuations, with the S&P 500’s concentration in Big Tech making it vulnerable to pullbacks like the one seen Thursday. Most of the Big Tech stocks known as the Magnificent Seven trade at lofty valuations well above the highly…
Starbucks said Monday it is forming a joint venture with Chinese investment firm Boyu Capital to operate Starbucks stores in China. Under the agreement, Boyu will acquire a 60% interest in Starbucks’ retail operations in China, which is valued at $4 billion. Starbucks will retain a 40% interest in the joint venture and will own…