Goldman Sachs has now barred its bankers in Hong Kong from using Anthropic’s Claude AI models, underscoring how emerging artificial intelligence technologies are increasingly caught in the crossfire of US-China tensions. According to a report by Financial Times, Goldman employees in Hong Kong lost access to Claude models a few week ago, both directly and…
Goldman Sachs just raised its outlook on China’s robotaxi market by a meaningful margin. The revision signals the bank now believes commercialization is moving faster than it previously assumed. In a note published April 18, Goldman analysts led by Allen Chang forecast that China’s robotaxi fleet will nearly triple from 5,000 vehicles in 2025 to…
HSBC Holdings plans to raise US$2.5 billion by issuing two tranches of additional tier-1 (AT1) bonds, marking the reopening of such offerings after the US and Israel war on Iran rattled global financial markets. The biggest lender in Hong Kong and Europe by assets said in a stock exchange filing before the market opened on…
Overseas expansion and a commodity boom have put Chinese companies trading on the mainland in a position to beat their offshore-listed peers in earnings, cementing the outperformance of yuan-denominated stocks since the outbreak of Middle East hostility. The 300 largest mainland-traded companies may post average 2025 profit growth of 6.3 per cent during the coming…
Hongkongers may begin to feel the impact of the escalating war in the Middle East in the coming months, as rising global oil prices are expected to push up energy bills and dining costs, according to experts. Analysts said the attacks on Iran by the United States and Israel, and subsequent retaliation across the region,…
South Korean retail investors, known for their aggressive trading style, are ramping up exposure to Chinese artificial intelligence-related stocks, even as their home market ranks among the world’s top performers. Data from SEIBro, a portal operated by the Korea Securities Depository, showed that South Korean retail investors bought US$507 million worth of Hong Kong-listed shares…
When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago, his work involved US dollars, UK pounds, Japanese yen and various European and Asian currencies – but not Chinese yuan. “Back then, there was no yuan trading at all as, in fact, the internationalisation of the yuan…
Morgan Stanley was the first major bank to forecast a 10 per cent increase in home prices in January, which was widely seen as aggressive at the time. With fresh data bolstering signs of a recovery, other banks have also lifted their 2026 estimates. According to a research paper published on Sunday, JPMorgan raised its…
The Great Software Stock Rout of 2026 may be just the beginning, Goldman Sachs warned. And one should look no further than how the rise of the internet in the early 2000s hammered the newspaper industry to get a taste of what may be to come. “One lesson from historical examples of industries facing disruption…
China’s property sector has failed to overcome a persistent debt crisis, despite rate cuts and loosened restrictions on homebuying (WANG ZHAO) · WANG ZHAO/AFP/AFP China’s economy likely grew last year at its weakest rate in three decades, outside of the pandemic, according to an AFP survey of analysts ahead of official data on Monday. The…