This article first appeared in The Edge Malaysia Weekly on June 8, 2026 – June 14, 2026 In “The political economy of modern capitalism” (The Edge, June 1, 2026), I argued that modern economic systems are ultimately shaped less by ideology than by the incentives embedded within them — incentives that determine how savings are…
Acrimony set aside at Tower festivities By Goeffrey Crothall This article was first published on May 18, 1990 Leaders of politics, finance and commerce from Hongkong and China converged on No 1 Garden Road last night to celebrate the official opening of the territory’s tallest building, the Bank of China Tower. The acrimony and terse…
People walk past the logo of the Hong Kong Exchanges and Clearing Limited at the Exchange Square in Central, Hong Kong, June 27, 2025. (SHAMIM ASHRAF / CHINA DAILY) Hong Kong’s stock exchange is working on introducing options expiring within a day next year, joining a global trend toward shorter-dated bets that’s sent US derivatives…
Hong Kong can reinforce its role as an international financial centre by deepening integration with mainland capital markets and expanding cross-border investment channels, financial industry leaders said on Thursday during China’s annual “two sessions”. Stronger collaboration between Hong Kong and mainland exchanges would enhance the resilience of the mainland’s financial system while supporting the internationalisation…
Former Hong Kong lawmaker Chim Pui-chung has been granted HK$5 million (US$640,000) bail pending an appeal against his conviction for conspiring with his son and others to defraud a listed company and the city’s stock exchange more than a decade ago. Chim, 79, applied for bail before a High Court judge for the second time…
Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock exchange, reported record high annual profit for the second straight year, thanks to higher market turnover and robust listing activity, it said in a stock exchange filing on Thursday. Net profit in 2025 increased 36 per cent to HK$17.75 billion (US$2.28 billion), or HK$14.05…
The highest-paid independent non-executive director (INED) of a Hong Kong-listed company in 2024 made US$1.67 million, nearly 2,000 times what the lowest-paid INED received, drawing attention to a potential disconnect between pay and the responsibilities of the role. The lowest-paid INED received 6,000 yuan (US$867.94) in 2024, according to a survey by the Hong Kong…
Hong Kong’s finance chief has confirmed an early operating account surplus driven by strong financial market performance and stock trading stamp duty revenue, as he addressed calls for more elderly welfare measures at the first public forum for the coming budget. Financial Secretary Paul Chan Mo-po vowed on Saturday to make “utmost” efforts to address…
The markets are volatile—and Wall Street’s most reliable barometer of panic has surged to levels not seen since April, when President Donald Trump’s sweeping “Liberation Day” tariffs triggered a global market meltdown. The Cboe Volatility Index, known as the VIX, peaked at 27.8 on Thursday and closed the day around 26.3—its highest point since the…
European markets opened significantly lower on Friday, following a retreat in Asian shares in the morning and Wall Street’s tumble on Thursday, as investors reassessed the outlook for interest-rate cuts and questioned the lofty valuations of leading US technology and AI stocks. “Markets are down across the board as investors fret about cracks in the…