Finance
China pressed to rebuild local fiscal capacity through 30 trillion yuan debt swap plan
A proposal by Tsinghua University’s Academic Centre for Chinese Economic Practice and Thinking to issue 30 trillion yuan (US$4.2 trillion) in central treasury...
S&P 500 and Nasdaq notch record closes after upbeat jobs report
Markets ended the week at record highs, powered by Nvidia’s climb toward a $4 trillion valuation and a stronger-than-expected US jobs report. But...
US trade pacts raise barriers to China’s offshore exports, pressuring Hong Kong stock
The Hang Seng Index dropped 1.2% on Thursday morning, erasing Wednesday’s gains, as investors responded to new trade agreements between the United States...
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How the US could undermine its own currency—and why it matters globally
I’m a journalist. I’m trained to remain detached, especially when writing about politics. But the past few months have tested that commitment—because when...
Beijing growth policy lures mainland fund flows back to Hong Kong
Hong Kong’s stock market rebounded from a one-week low on Wednesday, lifted by a wave of mainland capital flowing into selected sectors. At...
KPMG sees growth potential for Hong Kong banks through AI and shifting trade flows
While Hong Kong’s banks posted stable profits in 2024, the sector enters 2025 without obvious growth levers. Interest margins have plateaued. Loan demand...
Senate moves to extend Trump’s tax cuts
On paper, the Senate’s push to extend Trump’s tax cuts feels like a 2017 flashback. The corporate rate stays at 21%. Small business...
Republican megabill sharpens fiscal penalties for immigrant families
The Republican-backed immigration and tax legislation now moving through Congress is more than a budgetary maneuver. While framed as part of a broader...
Trump’s 2025 tax plan changes the rules for donating to charity
In 2025, a new tax megabill championed by former President Donald Trump is reshaping the financial calculus behind charitable giving in America. While...
New World secures full lender approval for US$11 billion loan refinancing, sources say
The headlines point to relief: New World Development has secured full lender commitment for a HK$87.5 billion (US$11.1 billion) refinancing deal, narrowly avoiding...
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