Asian Investors represented more than 17 per cent of qualified foreign investor activity on the Saudi Exchange’s main market in the first quarter.

Developing economies in Asia-Pacific are putting generative AI to use at a greater pace and with more enthusiasm than their more advanced neighbours, according to a study by Deloitte.

The short video and live streaming platform operator aims to replicate its strategy in overseas markets, focusing on big opportunities in the Middle East, North Africa, Brazil and Southeast Asia, CEO Jin Bing says

The Saudi stock exchange will weigh its reforms against the likes of the Hong Kong stock exchange as it bids to become a leading global capital market, Tadawul Group’s Nayef Al-Athel says.

The new financial product underscores the flurry of collaborations and accords between Hong Kong and Riyadh since the February 2023 visit by Chief Executive John Lee Ka-chiu to the kingdom.

Hong Kong is expanding its market outreach in the Middle East by linking up with investment authority in oil-rich Qatar, paving the way for future cooperation and alliances.

Hong Kong’s IPO market is healing and investors are returning, drawn by a generation of innovative, little-known companies that will also provide a rich vein of investment banking business for years to come, says Citigroup’s Asian head of investment banking.

Mainland China-based chains including Lam Heung Ling, Jo’s Cha, Linlee, The One Lemon Tea and LMM have set up shops in Hong Kong recently. Analysts assess their chances.

Sales of the units, which ranged from 340 sq ft to 783 sq ft at HK$18,597 to HK$28,350 per square foot, were suspended after a red rain signal on Saturday.

‘Business performance was strong and broad-based across our segments, products and markets,’ CEO Bill Winters said.

Scammers have published a fictitious article with the appearance of a South China Morning Post story and a reporter’s byline to promote two online financial trading apps.

Swiss bank UBS Group will host an investment conference in Hong Kong at the end of May, continuing a 27-year tradition begun by Credit Suisse Group, which it acquired last year.

Quinn said it was the ‘right time’ to look for a better work-life balance as the lender’s net profit slipped 1 per cent from a year ago to US$10.2 billion, surpassing the US$9.24 billion profit expected by analysts polled by Bloomberg.

Hong Kong offers plenty of wealth management and stock market opportunities despite headwinds and uncertain economic outlook in China, according to speakers at the Apec Business Advisory Council summit.

China’s capital market regulators have announced a package of measures to boost liquidity, attract international investors and enhance competitiveness between the mainland and Hong Kong.

While worries about Chinese consumers and government debt are making investors cautious, attractive investment opportunities exist, according to asset managers from Pimco and Amundi at a summit in Hong Kong.

Chinese tea shop giant Sichuan Baicha Baidao Industrial aims to raise HK$2.5 billion (US$330 million) in a Hong Kong initial public offering, set to be the city’s largest new-share sale of the year, regulatory filings show.

It is the 13th time since 2010 that Hong Kong International Airport has been the busiest cargo airport on the planet, having lost the number one spot in 2020 because of the Covid-19 pandemic.

Tokenisation has proved to be cheaper, more efficient and better than ‘the old-fashioned way of trading’, Noel Quinn says, but HSBC will stay ‘away from crypto’.

‘Our competitors are reducing capacity in Hong Kong and elsewhere,’ says Asia-Pacific CEO Alexander von zur Muehlen. ’That gives us a unique opportunity to operate in a kind of countercyclical way, and be strategic.’

Wealth management is transforming into ‘a new virtual format in addition to the traditional finance space’, asset manager says.

HSBC plans to host another global investment summit in the city early next year after this year’s sell-out inaugural conference drew 3,500 attendees, an overwhelming success in proof that ‘Hong Kong is back’.

The numbers do not lie, Hong Kong’s financial regulators told the HSBC Global Investment Summit on Tuesday. The city’s market has shown resilience and competence through several years of economic headwinds.

Bindo Labs subsidiary Wonder will try to kick-start adoption by giving taxi drivers the required equipment – worth HK$8,600 (US$1,098) – for the next six months.

The future of China’s economic growth depends on strong innovation in the technology sector and – despite the current headwinds – investors would be wrong to sleep on the country’s potential, industry leaders says.

‘I’m confident that as global investors, you can see the far-reaching promise of Hong Kong for yourself,’ Chief Executive tells HSBC summit.

The HSBC Global Investment Summit will be the largest such conference in the city, filling the void left by Credit Suisse, which last held its flagship event in March 2023 before its eventual demise.

Family office advisers see higher demand for art advisory services, including impartial expertise, collection governance and legacy planning from Chinese family offices.