Asian financial crisis

New Business

Macroscope | Why the cost of buying economic growth is destined to rise

It is tempting to think that the global economy has become immune to shocks despite multiple ongoing physical conflicts, trade…

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HSBC asks Hang Seng Bank to clean up bad Hong Kong property debt

HSBC Holdings has taken the unusual step of getting directly involved in pushing its Hong Kong subsidiary, Hang Seng Bank,…

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How have China’s 5-year plans shaped the country’s economic trajectory?

Though China moved away from a command economy decades ago, its successive five-year plans have remained a pillar of macroeconomic…

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Asia-Pacific family offices build resilient portfolios to withstand tariff shocks: Citi

Most family offices in Asia-Pacific are bullish about their portfolios and expect decent returns this year, with interest rate cuts…

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HKMA, HSBC allay concerns about Hong Kong’s loan books amid city’s property market slump

Hong Kong’s de facto central bank and the city’s largest lender have issued separate statements to assuage concerns about a…

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Why can’t Hong Kong retail landlords cut rents for struggling tenants?

In a commercial rental market beset by high vacancy rates, many Hong Kong landlords feel stuck between a rock and…

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Macroscope | A truly Asian economic bloc – can Asia succeed where it failed?

“It’s an ill wind that blows nobody any good,” to quote a centuries-old proverb. It is one that could be…

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My Take | Trump’s tariffs give China its biggest chance for economic reform since 1997 crisis

China’s economic reform over the past decade has been a controlled process of privatisation, liberalisation and deregulation, and that process…

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Where does Hang Seng Index’s 13% slump rank among other major crashes?

Stock markets rise and fall, but there are days when the plunge defies gravity. The Hang Seng Index slumped 13.2…

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My Take | Beijing’s US$3.2 trillion question: how much of China’s forex reserves go to Hong Kong?

China’s central bank chief Pan Gongsheng promised to park more of the country’s US$3.2 trillion foreign exchange reserves in Hong…

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