The US-Israeli war on Iran has unleashed sharp swings across global energy and financial markets, fuelling demand for safe-haven assets, with Hong Kong emerging as a potential beneficiary across gold, property and capital markets. In the third of a three-part series, we look at Hong Kong’s position as a stable base where demand for property…
US dollar-denominated funds could face more hurdles when investing in Chinese tech and biotech companies as Beijing adopts a stricter approach to companies seeking listings via offshore incorporated vehicles. Indicative of Chinese regulators’ caution in overseeing sensitive industries, industry sources say the move ensures that any sale of assets does not escape regulatory scrutiny. And…
JPMorgan Chase plans to expand its corporate banking team by about 10 per cent across Asia-Pacific this year, as its plans in the region will not be slowed down by uncertainties arising from the US-Israel war on Iran, according to a senior executive. The hiring campaign was part of the lender’s longer-term plan, which aimed…
Hongkonger Katie Chan was hoping to buy a flat to live in, and although the 37-year-old accountant was in no rush, the potential longer pause in interest rate cuts could delay her decision. For Chan, the ideal mortgage would be if the one-month Hong Kong interbank offered rate (Hibor) fell below 1.95 per cent, but…
HSBC Holdings is phasing out its remote-work flexibility as it tightens its post-pandemic policy in Hong Kong, requiring frontline employees to be in the office or meet clients five days a week. In an internal memo seen by the South China Morning Post, the city’s largest bank asked client-facing staff, including traders and salespeople, to…
JPMorgan Chase (JPM) CEO Jamie Dimon said Monday that the financial world looks a lot like the heyday in the years ahead of the global financial crisis. “Unfortunately, we did see this in ’05, ’06, ’07, almost the same thing,” Dimon said at the firm’s annual investor day in New York on Monday. “The rising…
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 CEO of JPMorgan Chase has taken the head of Donald Trump’s media company to task for claiming the lender “debanked” the firm under political pressure from the Joe Biden administration. “People have to grow up here, okay, and stop making up things,” Jamie Dimon told Maria Bartiromo on Fox News’ Sunday Morning Futures. “We…
The recovery of China’s tech stocks from their trough is still at an early stage, as the country’s emergence as an artificial intelligence superpower reshapes global platforms and lures Western capital back, according to a senior investment banker at JPMorgan. As Chinese entrepreneurs expanded their businesses globally and deepened their involvement in AI, their companies…
A chart making the rounds on social media has sparked intense debate about the state of the American economy. Since November 2022, when ChatGPT launched, the S&P 500 has surged more than 70% while job openings have plummeted roughly 30%. The juxtaposition has earned the graphic a foreboding nickname: the “scariest chart in the world.”…