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China stock market: Latest News and Updates | South China Morning Post

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4:46PM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div></div></div></div></div></div><div data-qa="TopicPage-ComponentType" class="css-1d09uax eksbmxt17"><div data-qa="TopicTopContents-TopContentsContainer" class="css-1amvjzo ez1wmkq3"><div data-qa="TopicTopContents-TopContentsLeftContainer" class="css-1u1cusz ez1wmkq2"><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di2 e1daqvjd0 css-g1onk eqs07hl8" data-qa="Component-Container"><div data-qa="Component-Content" class="css-0 eqs07hl7"><div data-qa="Component-TopicLabel" class="css-1a7lacl eqs07hl4"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/hong-kong-stock-market" data-qa="BaseLink-renderAnchor-StyledAnchor">Hong Kong stock market</a></div><a target="_self" class="eqs07hl6 css-1666y5f e1llv60l0" href="/business/china-business/article/3288031/chinese-game-developer-boyaa-rides-bitcoin-boom-shares-rise-ninefold-hong-kong" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-LinkHighlightArea" class="css-0 e5db3f90"><div data-qa="Component-Headline" class="css-1t4iatj eqs07hl3"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Chinese game developer Boyaa rides bitcoin boom; Hong Kong shares rise ninefold</span></h2></div><div data-qa="Component-Summary" class="css-3d0br4 eqs07hl2"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">The company, which develops online card and board games, started investing in digital currencies in 2023. </h3></div></div></a><div data-qa="Component-ActionBar" class="css-ul16er eqs07hl1"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-25T10:08:10.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">25 Nov 2024 - 6:08PM</time><span class="material-icons e16puzk43 css-1xcu7u2 e4r93eh0" data-qa="Icon-IconStyled">videocam</span><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div><div data-qa="Component-CoverImage" class="css-4u8npg eqs07hl0"><a target="_self" class="eqs07hl6 css-1666y5f e1llv60l0" href="/business/china-business/article/3288031/chinese-game-developer-boyaa-rides-bitcoin-boom-shares-rise-ninefold-hong-kong" data-qa="BaseLink-renderAnchor-StyledAnchor"><figure class="css-724ns2 e14qznha1" data-qa="ContentCoverImage-Figure"><picture data-qa="BaseImage-picture"><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:1070px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/25/63d9d456-8251-4bf3-81e3-fe795f644dbc_7fbea6ce.jpg?itok=If1Z1jcC&amp;v=1732524063" data-qa="BaseImage-source-0"/><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:768px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/25/63d9d456-8251-4bf3-81e3-fe795f644dbc_7fbea6ce.jpg?itok=If1Z1jcC&amp;v=1732524063" data-qa="BaseImage-source-1"/><source data-aspect-ratio="3/2" data-width="540" media="(min-width:0px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/540x360/public/d8/images/canvas/2024/11/25/63d9d456-8251-4bf3-81e3-fe795f644dbc_7fbea6ce.jpg?itok=Q-MnEmSF&amp;v=1732524063" data-qa="BaseImage-source-2"/><img alt="Boyaa started investing in digital currencies in 2023. Photo: Reuters " data-qa="BaseImage-handleRenderImage-StyledImage" loading="lazy" src="https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/25/63d9d456-8251-4bf3-81e3-fe795f644dbc_7fbea6ce.jpg" class="css-bpznz9 e445x7d0"/><script type="application/ld+json">{"@context":"https://schema.org","@type":"ImageObject","url":"https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/25/63d9d456-8251-4bf3-81e3-fe795f644dbc_7fbea6ce.jpg"}</script></picture></figure></a></div></div></div><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di1 e1daqvjd0 css-1bazcgg efy545l11" data-qa="Component-Container"><div data-qa="Component-TopicLabel" class="css-1a7lacl efy545l7"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/hong-kong-stock-market" data-qa="BaseLink-renderAnchor-StyledAnchor">Hong Kong stock market</a></div><a target="_self" class="efy545l9 css-652fy1 e1llv60l0" href="/business/china-business/article/3287954/hong-kong-stocks-trade-close-2-month-low" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-Headline" class="css-1ehr7i5 efy545l6"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-skip-highlight="false" data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Hong Kong stocks trade close to 2-month low, NWD drops on Hang Seng removal</span></h2></div><div data-qa="Component-Summary" class="css-133a7ty efy545l5"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Turnover on the city’s stock market was about 5 per cent lower than the 30-day average. </h3></div></a><div data-qa="Component-ActionBar" class="css-iubogc efy545l3"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-25T08:36:54.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">25 Nov 2024 - 4:36PM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div></div></div><div data-qa="TopicTopContents-TopContentsRightContainer" class="css-1nskm5y ez1wmkq1"><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di1 e1daqvjd0 css-1bazcgg efy545l11" data-qa="Component-Container"><div data-qa="Component-TopicLabel" class="css-1a7lacl efy545l7"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/focus" data-qa="BaseLink-renderAnchor-StyledAnchor">Focus</a></div><a target="_self" class="efy545l9 css-652fy1 e1llv60l0" href="/business/china-business/article/3287789/hong-kong-vs-trump-20-global-ceos-see-new-hopes-old-threats" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-Headline" class="css-1ehr7i5 efy545l6"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-skip-highlight="false" data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Global CEOs see new hopes, old threats in Hong Kong vs Trump 2.0</span></h2></div><div data-qa="Component-Summary" class="css-133a7ty efy545l5"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">‘People are leery of investing a lot of money in a country that is part of geopolitical tensions,’ Oaktree Capital’s Howard Marks says. </h3></div></a><div data-qa="Component-ActionBar" class="css-iubogc efy545l3"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-25T02:26:56.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">25 Nov 2024 - 10:26AM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div></div><div data-qa="TopicTopContents-renderLastItemAd-AdsSlotContainer" class="css-11xhpt9 ez1wmkq0"><div class="css-1iq1emw e1flwkbl0" data-qa="AdSlot-Container"><div data-qa="AdSlot-Label" class="css-1t8iakn e1flwkbl3">Advertisement</div><div data-qa="AdSlot-AdSlotContainer" class="css-0 e1flwkbl2"></div></div><div class="css-3bors5 e1flwkbl0" data-qa="AdSlot-Container"><div data-qa="AdSlot-Label" class="css-1t8iakn e1flwkbl3">Advertisement</div><div data-qa="AdSlot-AdSlotContainer" class="css-0 e1flwkbl2"></div></div></div></div></div></div><div data-qa="TopicPage-ComponentType" class="css-o0r81o eksbmxt16"><div data-qa="TopicTopContents-TopContentsContainer" class="css-1amvjzo ez1wmkq3"><div data-qa="TopicTopContents-TopContentsLeftContainer" class="css-1u1cusz ez1wmkq2"><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di2 e1daqvjd0 css-g1onk eqs07hl8" data-qa="Component-Container"><div data-qa="Component-Content" class="css-0 eqs07hl7"><div data-qa="Component-TopicLabel" class="css-1a7lacl eqs07hl4"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/hong-kong-stock-market" data-qa="BaseLink-renderAnchor-StyledAnchor">Hong Kong stock market</a></div><a target="_self" class="eqs07hl6 css-1666y5f e1llv60l0" href="/business/china-business/article/3287785/new-world-development-loses-blue-chip-status-ejection-hang-seng-index" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-LinkHighlightArea" class="css-0 e5db3f90"><div data-qa="Component-Headline" class="css-1t4iatj eqs07hl3"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">New World Development ejected from Hang Seng Index</span></h2></div><div data-qa="Component-Summary" class="css-3d0br4 eqs07hl2"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Quarterly review adds video platform Kuaishou Technology and New Oriental Education &amp; Technology to the Hong Kong benchmark. </h3></div></div></a><div data-qa="Component-ActionBar" class="css-ul16er eqs07hl1"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-22T12:26:08.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">22 Nov 2024 - 8:26PM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div><div data-qa="Component-CoverImage" class="css-4u8npg eqs07hl0"><a target="_self" class="eqs07hl6 css-1666y5f e1llv60l0" href="/business/china-business/article/3287785/new-world-development-loses-blue-chip-status-ejection-hang-seng-index" data-qa="BaseLink-renderAnchor-StyledAnchor"><figure class="css-724ns2 e14qznha1" data-qa="ContentCoverImage-Figure"><picture data-qa="BaseImage-picture"><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:1070px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/22/79396c04-60d4-4c96-b0e8-d69ae1aea9f7_51c7ca0d.jpg?itok=jTsm3HpL&amp;v=1732274340" data-qa="BaseImage-source-0"/><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:768px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/22/79396c04-60d4-4c96-b0e8-d69ae1aea9f7_51c7ca0d.jpg?itok=jTsm3HpL&amp;v=1732274340" data-qa="BaseImage-source-1"/><source data-aspect-ratio="3/2" data-width="540" media="(min-width:0px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/540x360/public/d8/images/canvas/2024/11/22/79396c04-60d4-4c96-b0e8-d69ae1aea9f7_51c7ca0d.jpg?itok=EwObZfpF&amp;v=1732274340" data-qa="BaseImage-source-2"/><img alt="A view of New World Tower in Central on September 26, 2024. Photo: Jelly Tse" data-qa="BaseImage-handleRenderImage-StyledImage" loading="lazy" src="https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/22/79396c04-60d4-4c96-b0e8-d69ae1aea9f7_51c7ca0d.jpg" class="css-bpznz9 e445x7d0"/><script type="application/ld+json">{"@context":"https://schema.org","@type":"ImageObject","url":"https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/22/79396c04-60d4-4c96-b0e8-d69ae1aea9f7_51c7ca0d.jpg"}</script></picture></figure></a></div></div></div><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di1 e1daqvjd0 css-1bazcgg efy545l11" data-qa="Component-Container"><div data-qa="Component-TopicLabel" class="css-1a7lacl efy545l7"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/mergers-acquisitions" data-qa="BaseLink-renderAnchor-StyledAnchor">Mergers &amp; Acquisitions</a></div><a target="_self" class="efy545l9 css-652fy1 e1llv60l0" href="/business/china-business/article/3287702/chinas-largest-brokerage-formed-guotai-junan-and-haitongs-us145-billion-merger" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-Headline" class="css-1ehr7i5 efy545l6"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-skip-highlight="false" data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">China’s largest brokerage emerges from Guotai Junan-Haitong merger</span></h2></div><div data-qa="Component-Summary" class="css-133a7ty efy545l5"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Haitong’s shareholders will be able to swap their shares for Guotai Junan stock or receive cash in lieu. </h3></div></a><div data-qa="Component-ActionBar" class="css-iubogc efy545l3"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-22T08:13:33.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">22 Nov 2024 - 4:13PM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div></div></div><div data-qa="TopicTopContents-TopContentsRightContainer" class="css-1nskm5y ez1wmkq1"><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di1 e1daqvjd0 css-1bazcgg efy545l11" data-qa="Component-Container"><div data-qa="Component-TopicLabel" class="css-1a7lacl efy545l7"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/hong-kong-stock-market" data-qa="BaseLink-renderAnchor-StyledAnchor">Hong Kong stock market</a></div><a target="_self" class="efy545l9 css-652fy1 e1llv60l0" href="/business/china-business/article/3287461/hong-kong-stocks-set-snap-3-day-winning-streak-earnings-china-stimulus-focus" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-Headline" class="css-1ehr7i5 efy545l6"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-skip-highlight="false" data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Hong Kong stocks fall after 3 days of gains as traders await catalysts</span></h2></div><div data-qa="Component-Summary" class="css-133a7ty efy545l5"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Sentiment has cooled and cautious mood now dominates trading after the previous rally, Shengang Securities analyst says. </h3></div></a><div data-qa="Component-ActionBar" class="css-iubogc efy545l3"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-21T08:37:45.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">21 Nov 2024 - 4:37PM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div></div><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di1 e1daqvjd0 css-1bazcgg efy545l11" data-qa="Component-Container"><div data-qa="Component-TopicLabel" class="css-1a7lacl efy545l7"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/banking-finance" data-qa="BaseLink-renderAnchor-StyledAnchor">Banking &amp; finance</a></div><a target="_self" class="efy545l9 css-652fy1 e1llv60l0" href="/opinion/article/3287442/more-growth-ahead-cross-border-connect-turns-10" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-Headline" class="css-1ehr7i5 efy545l6"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span color="#34b8b5" data-qa="ContentHeadlineTag-renderFlag-Flag" class="css-1g12ro2 e1q1c9am0">Editorial<span data-qa="ContentHeadlineTag-renderFlag-FlagDivider" class="css-0 e1q1c9am1"> | </span></span><span data-skip-highlight="false" data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">More growth ahead as cross-border Connect turns 10</span></h2></div><div data-qa="Component-Summary" class="css-133a7ty efy545l5"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Status of Hong Kong as offshore financial hub for mainland China has been greatly enhanced by ever-widening investment scheme. </h3></div></a><div data-qa="Component-ActionBar" class="css-iubogc efy545l3"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-20T22:30:08.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">21 Nov 2024 - 6:30AM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div><a target="_self" class="efy545l2 css-o8oaax e1llv60l0" href="/opinion/article/3287442/more-growth-ahead-cross-border-connect-turns-10" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-CoverImage" class="css-wvjyfk efy545l1"><figure class="css-724ns2 e14qznha1" data-qa="ContentCoverImage-Figure"><picture data-qa="BaseImage-picture"><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:1070px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/21/6a16bfef-6a4d-41b0-94c9-68b016984083_01b584b4.jpg?itok=D1DlnCtc&amp;v=1732120572" data-qa="BaseImage-source-0"/><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:768px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/21/6a16bfef-6a4d-41b0-94c9-68b016984083_01b584b4.jpg?itok=D1DlnCtc&amp;v=1732120572" data-qa="BaseImage-source-1"/><source data-aspect-ratio="3/2" data-width="540" media="(min-width:0px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/540x360/public/d8/images/canvas/2024/11/21/6a16bfef-6a4d-41b0-94c9-68b016984083_01b584b4.jpg?itok=1QTS6ey-&amp;v=1732120572" data-qa="BaseImage-source-2"/><img alt="Investors watch stock market trends at a securities firm in Nanjing, in east China’s Jiangsu province. A cross-border stock scheme, which is marking its 10th anniversary, provides mainland investors with new avenues to channel their money. Photo: Xinhua" data-qa="BaseImage-handleRenderImage-StyledImage" loading="lazy" src="https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/21/6a16bfef-6a4d-41b0-94c9-68b016984083_01b584b4.jpg" class="css-bpznz9 e445x7d0"/><script type="application/ld+json">{"@context":"https://schema.org","@type":"ImageObject","url":"https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/21/6a16bfef-6a4d-41b0-94c9-68b016984083_01b584b4.jpg"}</script></picture></figure></div></a></div></div></div></div></div><div data-qa="TopicPage-ComponentType" class="css-1rh9bp4 eksbmxt15"><div data-qa="TopicTopContents-TopContentsContainer" class="css-1amvjzo ez1wmkq3"><div data-qa="TopicTopContents-TopContentsLeftContainer" class="css-1u1cusz ez1wmkq2"><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di2 e1daqvjd0 css-g1onk eqs07hl8" data-qa="Component-Container"><div data-qa="Component-Content" class="css-0 eqs07hl7"><div data-qa="Component-TopicLabel" class="css-1a7lacl eqs07hl4"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/banking-finance" data-qa="BaseLink-renderAnchor-StyledAnchor">Banking &amp; finance</a></div><a target="_self" class="eqs07hl6 css-1666y5f e1llv60l0" href="/business/markets/article/3287410/hong-kong-urged-boost-capital-flow-mainland-china-global-market-access" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-LinkHighlightArea" class="css-0 e5db3f90"><div data-qa="Component-Headline" class="css-1t4iatj eqs07hl3"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Hong Kong urged to boost capital flow with mainland for global market access</span></h2></div><div data-qa="Component-Summary" class="css-3d0br4 eqs07hl2"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Former HKMA head Norman Chan says capital circulation is not as seamless as it used to be. </h3></div></div></a><div data-qa="Component-ActionBar" class="css-ul16er eqs07hl1"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-20T11:30:14.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">20 Nov 2024 - 7:30PM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div><div data-qa="Component-CoverImage" class="css-4u8npg eqs07hl0"><a target="_self" class="eqs07hl6 css-1666y5f e1llv60l0" href="/business/markets/article/3287410/hong-kong-urged-boost-capital-flow-mainland-china-global-market-access" data-qa="BaseLink-renderAnchor-StyledAnchor"><figure class="css-724ns2 e14qznha1" data-qa="ContentCoverImage-Figure"><picture data-qa="BaseImage-picture"><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:1070px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/20/99ba6715-ecfa-4d14-ab05-37e2ccafada9_5eedf82b.jpg?itok=pWjEHtBJ&amp;v=1732098179" data-qa="BaseImage-source-0"/><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:768px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/20/99ba6715-ecfa-4d14-ab05-37e2ccafada9_5eedf82b.jpg?itok=pWjEHtBJ&amp;v=1732098179" data-qa="BaseImage-source-1"/><source data-aspect-ratio="3/2" data-width="540" media="(min-width:0px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/540x360/public/d8/images/canvas/2024/11/20/99ba6715-ecfa-4d14-ab05-37e2ccafada9_5eedf82b.jpg?itok=2a2cYa6D&amp;v=1732098179" data-qa="BaseImage-source-2"/><img alt="Norman Chan Tak-lam, the former CEO of the Hong Kong Monetary Authority. Photo: Xiaomei Chen" data-qa="BaseImage-handleRenderImage-StyledImage" loading="lazy" src="https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/20/99ba6715-ecfa-4d14-ab05-37e2ccafada9_5eedf82b.jpg" class="css-bpznz9 e445x7d0"/><script type="application/ld+json">{"@context":"https://schema.org","@type":"ImageObject","url":"https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/20/99ba6715-ecfa-4d14-ab05-37e2ccafada9_5eedf82b.jpg"}</script></picture></figure></a></div></div></div><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di1 e1daqvjd0 css-1bazcgg efy545l11" data-qa="Component-Container"><div data-qa="Component-TopicLabel" class="css-1a7lacl efy545l7"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/hong-kong-stock-market" data-qa="BaseLink-renderAnchor-StyledAnchor">Hong Kong stock market</a></div><a target="_self" class="efy545l9 css-652fy1 e1llv60l0" href="/business/china-business/article/3287313/hong-kong-stocks-fall-after-2-days-china-refrains-cutting-key-lending-rates" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-Headline" class="css-1ehr7i5 efy545l6"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-skip-highlight="false" data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Hong Kong stocks rise as Howard Marks and Bob Prince see bargains in China</span></h2></div><div data-qa="Component-Summary" class="css-133a7ty efy545l5"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Oaktree Capital’s Howard Marks says the investment firm was looking for bargains on the onshore market. </h3></div></a><div data-qa="Component-ActionBar" class="css-iubogc efy545l3"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-20T09:07:24.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">20 Nov 2024 - 5:07PM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div></div></div><div data-qa="TopicTopContents-TopContentsRightContainer" class="css-1nskm5y ez1wmkq1"><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di1 e1daqvjd0 css-1bazcgg efy545l11" data-qa="Component-Container"><div data-qa="Component-TopicLabel" class="css-1a7lacl efy545l7"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/banking-finance" data-qa="BaseLink-renderAnchor-StyledAnchor">Banking &amp; finance</a></div><a target="_self" class="efy545l9 css-652fy1 e1llv60l0" href="/business/article/3287199/goldman-sachs-david-solomon-says-it-too-difficult-get-capital-out-china" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-Headline" class="css-1ehr7i5 efy545l6"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-skip-highlight="false" data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Goldman Sachs CEO says it is too difficult to get capital out of China</span></h2></div><div data-qa="Component-Summary" class="css-133a7ty efy545l5"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">With venture capital transactions by American investors at the lowest level in nearly four years, investors need reassurance, Solomon says. </h3></div></a><div data-qa="Component-ActionBar" class="css-iubogc efy545l3"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-19T07:42:25.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">19 Nov 2024 - 3:42PM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"><a target="_self" class="css-e0dnmk e1llv60l0" href="/business/article/3287199/goldman-sachs-david-solomon-says-it-too-difficult-get-capital-out-china#comments" data-qa="BaseLink-renderAnchor-StyledAnchor"><div class="e16puzk40 css-2vgm5q e6yzu580" data-qa="ArticleComment-Container"><span>4</span><svg height="15" viewBox="0 0 18 18" width="15" xmlns="http://www.w3.org/2000/svg" data-qa="ArticleComment-StyledCommentIcon" class="css-0 e6yzu581"><path d="M4.73 13.852h9.176c.545 0 1.014-.2 1.405-.598a1.94 1.94 0 0 0 .587-1.406V3.094c0-.539-.196-1.008-.587-1.406a1.904 1.904 0 0 0-1.405-.598H3.094c-.545 0-1.014.2-1.405.598-.39.398-.587.867-.587 1.406v12.938zM16.093.914A3.03 3.03 0 0 1 17 3.13v8.683c0 .868-.302 1.606-.907 2.215a2.967 2.967 0 0 1-2.187.914H5.014L0 18V3.129C0 2.262.302 1.524.907.914A2.972 2.972 0 0 1 3.094 0h10.812c.854 0 1.583.305 2.187.914z" fill="currentColor" fill-rule="evenodd"></path></svg></div></a></div></div></div></div></div><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di1 e1daqvjd0 css-1bazcgg efy545l11" data-qa="Component-Container"><div data-qa="Component-TopicLabel" class="css-1a7lacl efy545l7"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/banking-finance" data-qa="BaseLink-renderAnchor-StyledAnchor">Banking &amp; finance</a></div><a target="_self" class="efy545l9 css-652fy1 e1llv60l0" href="/business/banking-finance/article/3287143/commodities-may-add-connect-scheme-china-signals-support-hong-kongs-role" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-Headline" class="css-1ehr7i5 efy545l6"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-skip-highlight="false" data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Regulators chime in to support Hong Kong’s role as markets connector</span></h2></div><div data-qa="Component-Summary" class="css-133a7ty efy545l5"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Chinese officials, speaking in Hong Kong, say they support the city as the bridge between the mainland and the rest of the world. </h3></div></a><div data-qa="Component-ActionBar" class="css-iubogc efy545l3"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-19T11:58:52.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">19 Nov 2024 - 7:58PM</time><span class="material-icons e16puzk43 css-1xcu7u2 e4r93eh0" data-qa="Icon-IconStyled">videocam</span><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div><a target="_self" class="efy545l2 css-o8oaax e1llv60l0" href="/business/banking-finance/article/3287143/commodities-may-add-connect-scheme-china-signals-support-hong-kongs-role" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-CoverImage" class="css-wvjyfk efy545l1"><figure class="css-724ns2 e14qznha1" data-qa="ContentCoverImage-Figure"><picture data-qa="BaseImage-picture"><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:1070px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/19/9b6d0df3-e257-444a-a589-6cf9f7268f53_90bfaec2.jpg?itok=itr6C4F9&amp;v=1732017533" data-qa="BaseImage-source-0"/><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:768px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/19/9b6d0df3-e257-444a-a589-6cf9f7268f53_90bfaec2.jpg?itok=itr6C4F9&amp;v=1732017533" data-qa="BaseImage-source-1"/><source data-aspect-ratio="3/2" data-width="540" media="(min-width:0px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/540x360/public/d8/images/canvas/2024/11/19/9b6d0df3-e257-444a-a589-6cf9f7268f53_90bfaec2.jpg?itok=YKlFoByG&amp;v=1732017533" data-qa="BaseImage-source-2"/><img alt="(L to R)Eddie Yue, Chief Executive of Hong Kong Monetary Authority; Li Yunze, Minister, National Financial Regulatory and Administration; Wu Qing, Chairman, China Securities Regulatory Commission; Zhu Hexin, Deputy Governor, People’s Bank of China and Administrator, State Administration of Foreign Exchange; at the Global Financial Leaders’ Investment Summit at the Grand Hyatt hotel in Wan Chai on 19 November 2024. Photo: Dickson Lee" data-qa="BaseImage-handleRenderImage-StyledImage" loading="lazy" src="https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/19/9b6d0df3-e257-444a-a589-6cf9f7268f53_90bfaec2.jpg" class="css-bpznz9 e445x7d0"/><script type="application/ld+json">{"@context":"https://schema.org","@type":"ImageObject","url":"https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/19/9b6d0df3-e257-444a-a589-6cf9f7268f53_90bfaec2.jpg"}</script></picture></figure></div></a></div></div></div></div></div><div data-qa="TopicPage-ComponentType" class="css-1yohlqt eksbmxt14"><div data-qa="TopicTopContents-TopContentsContainer" class="css-1amvjzo ez1wmkq3"><div data-qa="TopicTopContents-TopContentsLeftContainer" class="css-1u1cusz ez1wmkq2"><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di2 e1daqvjd0 css-g1onk eqs07hl8" data-qa="Component-Container"><div data-qa="Component-Content" class="css-0 eqs07hl7"><div data-qa="Component-TopicLabel" class="css-1a7lacl eqs07hl4"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/hong-kong-stock-market" data-qa="BaseLink-renderAnchor-StyledAnchor">Hong Kong stock market</a></div><a target="_self" class="eqs07hl6 css-1666y5f e1llv60l0" href="/business/china-business/article/3287136/hong-kong-stocks-rise-second-day-top-chinese-official-pledges-policy-support" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-LinkHighlightArea" class="css-0 e5db3f90"><div data-qa="Component-Headline" class="css-1t4iatj eqs07hl3"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Hong Kong stocks rise as China pledges support at financial summit</span></h2></div><div data-qa="Component-Summary" class="css-3d0br4 eqs07hl2"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Vice-Premier He Lifeng outlines plans to boost listings, market access and yuan trading, while Trip.com’s strong earnings lifts sentiment. </h3></div></div></a><div data-qa="Component-ActionBar" class="css-ul16er eqs07hl1"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-19T08:29:52.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">19 Nov 2024 - 4:29PM</time><span class="material-icons e16puzk43 css-1xcu7u2 e4r93eh0" data-qa="Icon-IconStyled">videocam</span><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div><div data-qa="Component-CoverImage" class="css-4u8npg eqs07hl0"><a target="_self" class="eqs07hl6 css-1666y5f e1llv60l0" href="/business/china-business/article/3287136/hong-kong-stocks-rise-second-day-top-chinese-official-pledges-policy-support" data-qa="BaseLink-renderAnchor-StyledAnchor"><figure class="css-724ns2 e14qznha1" data-qa="ContentCoverImage-Figure"><picture data-qa="BaseImage-picture"><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:1070px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/19/929ec47c-f68f-4d73-833c-0fae556069e8_3dc9af84.jpg?itok=FW-leZbe&amp;v=1731983609" data-qa="BaseImage-source-0"/><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:768px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/19/929ec47c-f68f-4d73-833c-0fae556069e8_3dc9af84.jpg?itok=FW-leZbe&amp;v=1731983609" data-qa="BaseImage-source-1"/><source data-aspect-ratio="3/2" data-width="540" media="(min-width:0px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/540x360/public/d8/images/canvas/2024/11/19/929ec47c-f68f-4d73-833c-0fae556069e8_3dc9af84.jpg?itok=zs5clOWF&amp;v=1731983609" data-qa="BaseImage-source-2"/><img alt="Screens showing the Hang Seng Index and stock prices are seen outside Exchange Square in Hong Kong. Photo: Reuters" data-qa="BaseImage-handleRenderImage-StyledImage" loading="lazy" src="https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/19/929ec47c-f68f-4d73-833c-0fae556069e8_3dc9af84.jpg" class="css-bpznz9 e445x7d0"/><script type="application/ld+json">{"@context":"https://schema.org","@type":"ImageObject","url":"https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/19/929ec47c-f68f-4d73-833c-0fae556069e8_3dc9af84.jpg"}</script></picture></figure></a></div></div></div><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di1 e1daqvjd0 css-1bazcgg efy545l11" data-qa="Component-Container"><div data-qa="Component-TopicLabel" class="css-1a7lacl efy545l7"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/stocks" data-qa="BaseLink-renderAnchor-StyledAnchor">Stocks</a></div><a target="_self" class="efy545l9 css-652fy1 e1llv60l0" href="/business/china-business/article/3287044/chinese-banks-surge-csrc-guideline-urging-more-shareholder-returns-lifts-confidence" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-Headline" class="css-1ehr7i5 efy545l6"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-skip-highlight="false" data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Chinese banks surge on CSRC guideline urging more shareholder returns</span></h2></div><div data-qa="Component-Summary" class="css-133a7ty efy545l5"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Chinese banks soar after regulator pushes for increased shareholder returns, aiming to enhance stock prices and corporate governance. </h3></div></a><div data-qa="Component-ActionBar" class="css-iubogc efy545l3"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-18T11:34:39.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">18 Nov 2024 - 7:34PM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div></div></div><div data-qa="TopicTopContents-TopContentsRightContainer" class="css-1nskm5y ez1wmkq1"><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di1 e1daqvjd0 css-1bazcgg efy545l11" data-qa="Component-Container"><div data-qa="Component-TopicLabel" class="css-1a7lacl efy545l7"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/hkex" data-qa="BaseLink-renderAnchor-StyledAnchor">HKEX</a></div><a target="_self" class="efy545l9 css-652fy1 e1llv60l0" href="/business/article/3287001/chinas-top-regulators-promise-more-market-reforms-hong-kong-linchpin-role" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-Headline" class="css-1ehr7i5 efy545l6"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-skip-highlight="false" data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Top bankers gather in Hong Kong for summit as regulators promise more reforms</span></h2></div><div data-qa="Component-Summary" class="css-133a7ty efy545l5"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Chinese Vice-Premier He Lifeng, who is bringing a huge delegation, will deliver a keynote speech. </h3></div></a><div data-qa="Component-ActionBar" class="css-iubogc efy545l3"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-18T13:02:46.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">18 Nov 2024 - 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3:54PM</time><span class="material-icons e16puzk43 css-1xcu7u2 e4r93eh0" data-qa="Icon-IconStyled">videocam</span><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div><div data-qa="Component-CoverImage" class="css-4u8npg eqs07hl0"><a target="_self" class="eqs07hl6 css-1666y5f e1llv60l0" href="/business/banking-finance/article/3286927/china-offers-unique-opportunity-portfolio-diversification-bridgewaters-prince-says" data-qa="BaseLink-renderAnchor-StyledAnchor"><figure class="css-724ns2 e14qznha1" data-qa="ContentCoverImage-Figure"><picture data-qa="BaseImage-picture"><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:1070px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/18/9a749a0b-030f-48e7-96f2-62485bf5b1e0_1b4020f0.jpg?itok=QYFuXHqq&amp;v=1731895431" data-qa="BaseImage-source-0"/><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:768px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/18/9a749a0b-030f-48e7-96f2-62485bf5b1e0_1b4020f0.jpg?itok=QYFuXHqq&amp;v=1731895431" data-qa="BaseImage-source-1"/><source data-aspect-ratio="3/2" data-width="540" media="(min-width:0px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/540x360/public/d8/images/canvas/2024/11/18/9a749a0b-030f-48e7-96f2-62485bf5b1e0_1b4020f0.jpg?itok=bucWfzpO&amp;v=1731895431" data-qa="BaseImage-source-2"/><img alt="Bob Prince, co-chief investment officer of Bridgewater Associates, during a panel discussion at the 2024 Family Business Summit in Hong Kong on November 16, 2024. Photo: Jelly Tse " data-qa="BaseImage-handleRenderImage-StyledImage" loading="lazy" src="https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/18/9a749a0b-030f-48e7-96f2-62485bf5b1e0_1b4020f0.jpg" class="css-bpznz9 e445x7d0"/><script type="application/ld+json">{"@context":"https://schema.org","@type":"ImageObject","url":"https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/18/9a749a0b-030f-48e7-96f2-62485bf5b1e0_1b4020f0.jpg"}</script></picture></figure></a></div></div></div><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di1 e1daqvjd0 css-1bazcgg efy545l11" data-qa="Component-Container"><div data-qa="Component-TopicLabel" class="css-1a7lacl efy545l7"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/hong-kong-stock-market" data-qa="BaseLink-renderAnchor-StyledAnchor">Hong Kong stock market</a></div><a target="_self" class="efy545l9 css-652fy1 e1llv60l0" href="/business/china-business/article/3286977/hong-kong-stocks-halt-6-day-decline-chinese-banks-rise-regulatory-call" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-Headline" class="css-1ehr7i5 efy545l6"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-skip-highlight="false" data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Hong Kong stocks halt 6-day decline, led by Chinese banks</span></h2></div><div data-qa="Component-Summary" class="css-133a7ty efy545l5"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Listed companies with stock prices below book value need to come up with plans to reverse course, the CSRC said on Friday. </h3></div></a><div data-qa="Component-ActionBar" class="css-iubogc efy545l3"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-18T08:20:05.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">18 Nov 2024 - 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9:40AM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div></div><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di1 e1daqvjd0 css-1bazcgg efy545l11" data-qa="Component-Container"><div data-qa="Component-TopicLabel" class="css-1a7lacl efy545l7"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/hong-kong-stock-market" data-qa="BaseLink-renderAnchor-StyledAnchor">Hong Kong stock market</a></div><a target="_self" class="efy545l9 css-652fy1 e1llv60l0" href="/business/china-business/article/3286651/hong-kong-stocks-halt-5-day-slide-chinas-retail-sales-rise-most-8-months" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-Headline" class="css-1ehr7i5 efy545l6"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-skip-highlight="false" data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Hong Kong stocks cap 6-day slide as China data fails to impress</span></h2></div><div data-qa="Component-Summary" class="css-133a7ty efy545l5"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Retail sales growth of 4.8 per cent and a slower decline in home prices were not enough to raise investors’ spirits. </h3></div></a><div data-qa="Component-ActionBar" class="css-iubogc efy545l3"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-15T08:46:38.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">15 Nov 2024 - 4:46PM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div><a target="_self" class="efy545l2 css-o8oaax e1llv60l0" href="/business/china-business/article/3286651/hong-kong-stocks-halt-5-day-slide-chinas-retail-sales-rise-most-8-months" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-CoverImage" class="css-wvjyfk efy545l1"><figure class="css-724ns2 e14qznha1" data-qa="ContentCoverImage-Figure"><picture data-qa="BaseImage-picture"><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:1070px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/15/5a07865f-b3d2-4006-8baf-ad9b9a8c77c6_485614cb.jpg?itok=a563hbsA&amp;v=1731637775" data-qa="BaseImage-source-0"/><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:768px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/15/5a07865f-b3d2-4006-8baf-ad9b9a8c77c6_485614cb.jpg?itok=a563hbsA&amp;v=1731637775" data-qa="BaseImage-source-1"/><source data-aspect-ratio="3/2" data-width="540" media="(min-width:0px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/540x360/public/d8/images/canvas/2024/11/15/5a07865f-b3d2-4006-8baf-ad9b9a8c77c6_485614cb.jpg?itok=TNrVNWi7&amp;v=1731637775" data-qa="BaseImage-source-2"/><img alt="People walk in a popular outdoor shopping mall in Beijing on November 14, 2024. Photo: AP" data-qa="BaseImage-handleRenderImage-StyledImage" loading="lazy" src="https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/15/5a07865f-b3d2-4006-8baf-ad9b9a8c77c6_485614cb.jpg" class="css-bpznz9 e445x7d0"/><script type="application/ld+json">{"@context":"https://schema.org","@type":"ImageObject","url":"https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/15/5a07865f-b3d2-4006-8baf-ad9b9a8c77c6_485614cb.jpg"}</script></picture></figure></div></a></div></div></div></div></div><div data-qa="TopicPage-ComponentType" class="css-su1am7 eksbmxt12"><div data-qa="TopicTopContents-TopContentsContainer" class="css-1amvjzo ez1wmkq3"><div data-qa="TopicTopContents-TopContentsLeftContainer" class="css-1u1cusz ez1wmkq2"><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di2 e1daqvjd0 css-g1onk eqs07hl8" data-qa="Component-Container"><div data-qa="Component-Content" class="css-0 eqs07hl7"><div data-qa="Component-TopicLabel" class="css-1a7lacl eqs07hl4"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/electric-cars" data-qa="BaseLink-renderAnchor-StyledAnchor">Electric &amp; new energy vehicles</a></div><a target="_self" class="eqs07hl6 css-1666y5f e1llv60l0" href="/business/china-business/article/3286643/geely-reorganise-zeekr-lynk-units-founder-investors-extract-us2-billion-deals" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-LinkHighlightArea" class="css-0 e5db3f90"><div data-qa="Component-Headline" class="css-1t4iatj eqs07hl3"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Why Zeekr shares slumped in New York on news of Geely Auto reorganisation</span></h2></div><div data-qa="Component-Summary" class="css-3d0br4 eqs07hl2"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Zeekr loses 24 per cent in New York trading after announcement of Geely Auto reorganisation plan. </h3></div></div></a><div data-qa="Component-ActionBar" class="css-ul16er eqs07hl1"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-15T08:30:12.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">15 Nov 2024 - 4:30PM</time><span class="material-icons e16puzk43 css-1xcu7u2 e4r93eh0" data-qa="Icon-IconStyled">videocam</span><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div><div data-qa="Component-CoverImage" class="css-4u8npg eqs07hl0"><a target="_self" class="eqs07hl6 css-1666y5f e1llv60l0" href="/business/china-business/article/3286643/geely-reorganise-zeekr-lynk-units-founder-investors-extract-us2-billion-deals" data-qa="BaseLink-renderAnchor-StyledAnchor"><figure class="css-724ns2 e14qznha1" data-qa="ContentCoverImage-Figure"><picture data-qa="BaseImage-picture"><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:1070px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/15/20f1dabb-b104-467a-886c-fa460ab3554c_a54fc1ba.jpg?itok=v9i1AlMv&amp;v=1731632751" data-qa="BaseImage-source-0"/><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:768px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/15/20f1dabb-b104-467a-886c-fa460ab3554c_a54fc1ba.jpg?itok=v9i1AlMv&amp;v=1731632751" data-qa="BaseImage-source-1"/><source data-aspect-ratio="3/2" data-width="540" media="(min-width:0px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/540x360/public/d8/images/canvas/2024/11/15/20f1dabb-b104-467a-886c-fa460ab3554c_a54fc1ba.jpg?itok=JBVtJrxg&amp;v=1731632751" data-qa="BaseImage-source-2"/><img alt="Billionaire founder Li Shufu is reorganising his EV empire amid stiffer competition at home and overseas. Photo: Xinhua" data-qa="BaseImage-handleRenderImage-StyledImage" loading="lazy" src="https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/15/20f1dabb-b104-467a-886c-fa460ab3554c_a54fc1ba.jpg" class="css-bpznz9 e445x7d0"/><script type="application/ld+json">{"@context":"https://schema.org","@type":"ImageObject","url":"https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/15/20f1dabb-b104-467a-886c-fa460ab3554c_a54fc1ba.jpg"}</script></picture></figure></a></div></div></div><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di1 e1daqvjd0 css-1bazcgg efy545l11" data-qa="Component-Container"><div data-qa="Component-TopicLabel" class="css-1a7lacl efy545l7"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/us-listed-chinese-stocks" data-qa="BaseLink-renderAnchor-StyledAnchor">US-listed Chinese stocks</a></div><a target="_self" class="efy545l9 css-652fy1 e1llv60l0" href="/business/china-business/article/3286612/shanghai-hedge-fund-pinestone-denies-us-charge-against-co-founder-trade-secret-theft" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-Headline" class="css-1ehr7i5 efy545l6"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-skip-highlight="false" data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Shanghai hedge fund Pinestone denies trade-secret theft charge against co-founder</span></h2></div><div data-qa="Component-Summary" class="css-133a7ty efy545l5"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">US Attorney’s Office in Massachusetts indicted Xiao Zhang last month for stealing trade secrets while working for an unnamed US fund in 2021. </h3></div></a><div data-qa="Component-ActionBar" class="css-iubogc efy545l3"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-14T12:31:09.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">14 Nov 2024 - 8:31PM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div></div></div><div data-qa="TopicTopContents-TopContentsRightContainer" class="css-1nskm5y ez1wmkq1"><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di1 e1daqvjd0 css-1bazcgg efy545l11" data-qa="Component-Container"><div data-qa="Component-TopicLabel" class="css-1a7lacl efy545l7"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/hong-kong-stock-market" data-qa="BaseLink-renderAnchor-StyledAnchor">Hong Kong stock market</a></div><a target="_self" class="efy545l9 css-652fy1 e1llv60l0" href="/business/china-business/article/3286478/hong-kong-stocks-near-7-week-low-during-first-ever-typhoon-trading-session" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-Headline" class="css-1ehr7i5 efy545l6"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-skip-highlight="false" data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Hong Kong stock market operates as normal during first-ever typhoon trading day</span></h2></div><div data-qa="Component-Summary" class="css-133a7ty efy545l5"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Turnover of HK$173.31 billion (US$22.2 billion) exceeds the 10-month daily average of HK$127.8 billion, but falls short of HK$184.66 billion a day earlier. </h3></div></a><div data-qa="Component-ActionBar" class="css-iubogc efy545l3"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-15T01:59:36.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">15 Nov 2024 - 9:59AM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"><a target="_self" class="css-e0dnmk e1llv60l0" href="/business/china-business/article/3286478/hong-kong-stocks-near-7-week-low-during-first-ever-typhoon-trading-session#comments" data-qa="BaseLink-renderAnchor-StyledAnchor"><div class="e16puzk40 css-2vgm5q e6yzu580" data-qa="ArticleComment-Container"><span>5</span><svg height="15" viewBox="0 0 18 18" width="15" xmlns="http://www.w3.org/2000/svg" data-qa="ArticleComment-StyledCommentIcon" class="css-0 e6yzu581"><path d="M4.73 13.852h9.176c.545 0 1.014-.2 1.405-.598a1.94 1.94 0 0 0 .587-1.406V3.094c0-.539-.196-1.008-.587-1.406a1.904 1.904 0 0 0-1.405-.598H3.094c-.545 0-1.014.2-1.405.598-.39.398-.587.867-.587 1.406v12.938zM16.093.914A3.03 3.03 0 0 1 17 3.13v8.683c0 .868-.302 1.606-.907 2.215a2.967 2.967 0 0 1-2.187.914H5.014L0 18V3.129C0 2.262.302 1.524.907.914A2.972 2.972 0 0 1 3.094 0h10.812c.854 0 1.583.305 2.187.914z" fill="currentColor" fill-rule="evenodd"></path></svg></div></a></div></div></div></div></div><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di1 e1daqvjd0 css-1bazcgg efy545l11" data-qa="Component-Container"><div data-qa="Component-TopicLabel" class="css-1a7lacl efy545l7"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/hong-kong-stock-market" data-qa="BaseLink-renderAnchor-StyledAnchor">Hong Kong stock market</a></div><a target="_self" class="efy545l9 css-652fy1 e1llv60l0" href="/business/china-business/article/3286317/hong-kong-stocks-head-longest-losing-streak-two-months-trump-trade-kicks" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-Headline" class="css-1ehr7i5 efy545l6"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-skip-highlight="false" data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">Hong Kong stocks cap longest losing run in 2 months on stimulus letdown</span></h2></div><div data-qa="Component-Summary" class="css-133a7ty efy545l5"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Investors have started to ‘lose confidence and patience’ as they wait for China to enact ‘whatever it takes’ measures, analyst says. </h3></div></a><div data-qa="Component-ActionBar" class="css-iubogc efy545l3"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-13T08:24:37.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">13 Nov 2024 - 4:24PM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div><a target="_self" class="efy545l2 css-o8oaax e1llv60l0" href="/business/china-business/article/3286317/hong-kong-stocks-head-longest-losing-streak-two-months-trump-trade-kicks" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-CoverImage" class="css-wvjyfk efy545l1"><figure class="css-724ns2 e14qznha1" data-qa="ContentCoverImage-Figure"><picture data-qa="BaseImage-picture"><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:1070px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/13/b8b18297-8e85-4409-8047-8f8454cf3e07_7afe734d.jpg?itok=FuVITzIl&amp;v=1731464418" data-qa="BaseImage-source-0"/><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:768px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/13/b8b18297-8e85-4409-8047-8f8454cf3e07_7afe734d.jpg?itok=FuVITzIl&amp;v=1731464418" data-qa="BaseImage-source-1"/><source data-aspect-ratio="3/2" data-width="540" media="(min-width:0px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/540x360/public/d8/images/canvas/2024/11/13/b8b18297-8e85-4409-8047-8f8454cf3e07_7afe734d.jpg?itok=PsRx-WZe&amp;v=1731464418" data-qa="BaseImage-source-2"/><img alt="A view of screens at the Exchange Square building in Hong Kong on October 8, 2024. Photo: EPA-EFE" data-qa="BaseImage-handleRenderImage-StyledImage" loading="lazy" src="https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/13/b8b18297-8e85-4409-8047-8f8454cf3e07_7afe734d.jpg" class="css-bpznz9 e445x7d0"/><script type="application/ld+json">{"@context":"https://schema.org","@type":"ImageObject","url":"https://cdn.i-scmp.com/sites/default/files/d8/images/canvas/2024/11/13/b8b18297-8e85-4409-8047-8f8454cf3e07_7afe734d.jpg"}</script></picture></figure></div></a></div></div></div></div></div><div data-qa="TopicPage-ComponentType" class="css-qrmm1y eksbmxt11"><div data-qa="TopicTopContents-TopContentsContainer" class="css-1amvjzo ez1wmkq3"><div data-qa="TopicTopContents-TopContentsLeftContainer" class="css-1u1cusz ez1wmkq2"><div class="ez1wmkq4 css-1ppwo9f e10l40di0" data-qa="TopStoriesItem-Container"><div class="e10l40di2 e1daqvjd0 css-g1onk eqs07hl8" data-qa="Component-Container"><div data-qa="Component-Content" class="css-0 eqs07hl7"><div data-qa="Component-TopicLabel" class="css-1a7lacl eqs07hl4"><a target="_self" class="ehcsxqo0 e1nbo4jh0 css-u5w0s5 e1llv60l0" href="/topics/stocks" data-qa="BaseLink-renderAnchor-StyledAnchor">Stocks</a></div><a target="_self" class="eqs07hl6 css-1666y5f e1llv60l0" href="/business/banking-finance/article/3286254/ubs-cuts-china-stock-forecast-amid-trump-tariff-threat-weak-stimulus" data-qa="BaseLink-renderAnchor-StyledAnchor"><div data-qa="Component-LinkHighlightArea" class="css-0 e5db3f90"><div data-qa="Component-Headline" class="css-1t4iatj eqs07hl3"><h2 class="css-1xdhyk6 e298i0d4" data-qa="ContentHeadline-ContainerWithTag"><span data-qa="ContentHeadline-Headline" class="css-0 e298i0d2">UBS cuts China stock forecast amid Trump tariff threat, weak stimulus</span></h2></div><div data-qa="Component-Summary" class="css-3d0br4 eqs07hl2"><h3 data-qa="ContentSummary-ContainerWithTag" class="css-onn2v5 eitajqu2">Swiss money manager cuts mid-2025 and end-2025 targets for MSCI China Index because of tariff uncertainties and disappointing stimulus. </h3></div></div></a><div data-qa="Component-ActionBar" class="css-ul16er eqs07hl1"><div class="css-16gl5nu e16puzk44" data-qa="ContentActionBar-FlexContainer"><time dateTime="2024-11-13T02:22:28.000Z" data-qa="ContentActionBar-handleRenderDisplayDateTime-time">13 Nov 2024 - 10:22AM</time><div data-qa="ContentActionBar-Spacer" class="css-mkkf9p e11xd9ce0"></div><div data-qa="ContentActionBar-IconContainer" class="css-12id561 e16puzk42"></div></div></div></div><div data-qa="Component-CoverImage" class="css-4u8npg eqs07hl0"><a target="_self" class="eqs07hl6 css-1666y5f e1llv60l0" href="/business/banking-finance/article/3286254/ubs-cuts-china-stock-forecast-amid-trump-tariff-threat-weak-stimulus" data-qa="BaseLink-renderAnchor-StyledAnchor"><figure class="css-724ns2 e14qznha1" data-qa="ContentCoverImage-Figure"><picture data-qa="BaseImage-picture"><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:1070px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/12/bf6265c6-e684-4692-a58e-16561a78bd9d_170b108d.jpg?itok=n7hl_TA6&amp;v=1731408551" data-qa="BaseImage-source-0"/><source data-aspect-ratio="3/2" data-width="1200" media="(min-width:768px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/1200x800/public/d8/images/canvas/2024/11/12/bf6265c6-e684-4692-a58e-16561a78bd9d_170b108d.jpg?itok=n7hl_TA6&amp;v=1731408551" data-qa="BaseImage-source-1"/><source data-aspect-ratio="3/2" data-width="540" media="(min-width:0px)" srcSet="https://cdn.i-scmp.com/sites/default/files/styles/540x360/public/d8/images/canvas/2024/11/12/bf6265c6-e684-4692-a58e-16561a78bd9d_170b108d.jpg?itok=6h7pXEBR&amp;v=1731408551" data-qa="BaseImage-source-2"/><img alt="UBS Global Wealth Management, which is part of UBS Group, manages US$6.2 trillion of assets. 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relatedNewsletters {\n ...helpersMassageToNewsletterItemNewsletter\n id\n }\n id\n }\n sections {\n value {\n relatedNewsletters {\n ...helpersMassageToNewsletterItemNewsletter\n id\n }\n id\n }\n }\n ... on Article {\n relatedNewsletters {\n ...helpersMassageToNewsletterItemNewsletter\n id\n }\n }\n}\n\nfragment contentReadingTimeContent on Content {\n __isContent: __typename\n readingTime\n flag\n}\n\nfragment contentSchemaRenderContent on Content {\n __isContent: __typename\n ...blockquoteQuoteContent\n ...imageContent\n ...inlineWidgetContent\n ...photoGalleryWidgetContent\n ...scmpYoutubeContent\n}\n\nfragment contentSectionsContent on Content {\n __isContent: __typename\n sections {\n value {\n ...helpersCheckIfNewsSectionInFirstIndexSection\n ...entityLink\n name\n id\n }\n }\n}\n\nfragment contentShareWidgetContent on Content {\n __isContent: __typename\n entityId\n urlAlias\n shortUrl\n socialHeadline\n headline\n}\n\nfragment contentSponsorTagContent on Content {\n __isContent: __typename\n ...helpersUseContentSponsorContent\n}\n\nfragment contentSubHeadlineContent on Content {\n __isContent: __typename\n subHeadline {\n json\n }\n summary {\n json\n }\n ...contentSchemaRenderContent\n}\n\nfragment contentSummaryContent on Content {\n __isContent: __typename\n __typename\n summary {\n text\n }\n}\n\nfragment contentTopicLinkContent on Content {\n __isContent: __typename\n topics {\n urlAlias\n ...entityLink\n ...topicLinkTopic\n id\n }\n}\n\nfragment discoveryWidgetPostMagazineQueueQuery on Query {\n postMagazineDiscoveryQueue: queue(filter: {name: \"section_top_71\"}) {\n items(first: 6) {\n edges {\n node {\n __typename\n ... on Article {\n entityId\n ...postMagazineDiscoveryItemContent\n }\n ... on Node {\n __isNode: __typename\n id\n }\n }\n }\n }\n id\n }\n}\n\nfragment entityFollowButtonBase on BaseWithApplicationAndUrlAlias {\n __isBaseWithApplicationAndUrlAlias: __typename\n __typename\n ... on Section {\n entityId\n name\n }\n ... on Author {\n entityId\n name\n disableFollow\n }\n ... on Topic {\n entityId\n name\n disableFollow\n }\n}\n\nfragment entityLink on BaseWithApplicationAndUrlAlias {\n __isBaseWithApplicationAndUrlAlias: __typename\n __typename\n entityId\n entityUuid\n urlAlias\n urlRedirect {\n toUrl\n id\n }\n application {\n entityId\n id\n }\n ... on Section {\n fullSectionPath {\n entityId\n id\n }\n parentSection\n }\n ...helpersAppBarVariantBase\n ...helpersApplicationBase\n ...helpersCheckIsPlusArticle\n ...helpersStyleSectionContent\n}\n\nfragment followButtonBase on BaseWithApplicationAndUrlAlias {\n __isBaseWithApplicationAndUrlAlias: __typename\n ...entityFollowButtonBase\n entityId\n}\n\nfragment helpersAppBarVariantBase on BaseWithApplicationAndUrlAlias {\n __isBaseWithApplicationAndUrlAlias: __typename\n ...helpersCheckIsLiveArticle\n ...helpersCheckIsPlusPage\n ...helpersCheckIsPostiesArticle\n ...helpersCheckIsPostiesPage\n ...helpersCheckIsPostMagazineArticle\n ...helpersCheckIsStyleArticle\n ...helpersSectionContent\n ...helpersStyleSectionContent\n}\n\nfragment helpersApplicationBase on BaseWithApplicationAndUrlAlias {\n __isBaseWithApplicationAndUrlAlias: __typename\n ...helpersCheckIsPostiesArticle\n ...helpersCheckIsPostiesPage\n ...helpersCheckIsPlusPage\n}\n\nfragment helpersCheckHasLiveTagArticle on Article {\n flattenTypeIds\n liveArticle {\n status\n id\n }\n}\n\nfragment helpersCheckIfNewsSectionInFirstIndexSection on Section {\n name\n}\n\nfragment helpersCheckIsLiveArticle on Article {\n flattenTypeIds\n liveArticle {\n status\n id\n }\n}\n\nfragment helpersCheckIsMainTopicContent on Content {\n __isContent: __typename\n topics {\n entityId\n id\n }\n}\n\nfragment helpersCheckIsPlusArticle on Article {\n paywallTypes {\n entityUuid\n id\n }\n}\n\nfragment helpersCheckIsPlusPage on Page {\n urlAlias\n}\n\nfragment helpersCheckIsPostMagazineArticle on Article {\n sections {\n value {\n entityId\n id\n }\n }\n}\n\nfragment helpersCheckIsPostiesArticle on Article {\n sections {\n value {\n entityId\n id\n }\n }\n}\n\nfragment helpersCheckIsPostiesPage on Page {\n urlAlias\n}\n\nfragment helpersCheckIsStyleArticle on Article {\n sections {\n value {\n entityId\n id\n }\n }\n}\n\nfragment helpersMassageToNewsletterItemNewsletter on Newsletter {\n entityId\n name\n alternativeName\n description {\n text\n }\n summary {\n text\n }\n homepageDescription {\n text\n }\n}\n\nfragment helpersSanitizeArticleTypeEntityIdsArticle on Article {\n types {\n value {\n entityId\n id\n }\n }\n}\n\nfragment helpersSanitizeAuthorTypesArticle on Article {\n authors {\n types\n id\n }\n}\n\nfragment helpersSanitizedAuthorEntityIdsArticle on Article {\n authors {\n entityId\n id\n }\n}\n\nfragment helpersSectionContent on Section {\n fullSectionPath {\n entityId\n id\n }\n}\n\nfragment helpersStyleSectionContent on Section {\n fullSectionPath {\n entityId\n id\n }\n}\n\nfragment helpersUseContentSponsorContent on Content {\n __isContent: __typename\n topics {\n entityId\n sponsor {\n ...sponsorTagSponsor\n name\n type\n id\n }\n id\n }\n ... on Article {\n sponsorType\n }\n ...helpersCheckIsMainTopicContent\n}\n\nfragment homePrimaryContentItemContent on Content {\n __isContent: __typename\n entityId\n urlAlias\n ...entityLink\n ...helpersCheckHasLiveTagArticle\n ...hooksContentItemProvidersContent_3ULXzP\n}\n\nfragment homeSecondaryContentItemContent on Content {\n __isContent: __typename\n entityId\n urlAlias\n ...entityLink\n ...helpersCheckHasLiveTagArticle\n ...helpersUseContentSponsorContent\n ...hooksContentItemProvidersContent_1YUsN1\n}\n\nfragment hooksContentHeadlineTagContent on Content {\n __isContent: __typename\n ... on Article {\n types {\n value {\n name\n entityId\n description {\n text\n }\n id\n }\n }\n ...helpersCheckIsStyleArticle\n }\n flag\n sections {\n value {\n name\n id\n }\n }\n ...hooksContentHelperContent\n}\n\nfragment hooksContentHelperContent on Content {\n __isContent: __typename\n ...helpersSanitizeArticleTypeEntityIdsArticle\n ...helpersSanitizeAuthorTypesArticle\n ...helpersSanitizedAuthorEntityIdsArticle\n flag\n}\n\nfragment hooksContentItemProvidersContent_14w7Xi on Content {\n __isContent: __typename\n ...contentCoverImageContent_2m5Gjt\n ...contentHeadlineContent\n ...contentSummaryContent\n ...contentReadingTimeContent\n ...contentSponsorTagContent\n ... on Video {\n __typename\n ...videoDurationOverlayVideo\n }\n}\n\nfragment hooksContentItemProvidersContent_1YUsN1 on Content {\n __isContent: __typename\n ...contentActionBarContent\n ...contentCoverImageContent_2m5Gjt\n ...contentHeadlineContent\n ...contentLiveTagContent\n ...contentSectionsContent\n ...contentSubHeadlineContent\n ...contentSummaryContent\n ...contentTopicLinkContent\n ...contentSponsorTagContent\n ... on Video {\n __typename\n ...videoDurationOverlayVideo\n }\n}\n\nfragment hooksContentItemProvidersContent_3TpHBe on Content {\n __isContent: __typename\n ...contentActionBarContent\n ...contentHeadlineContent\n ...contentSectionsContent\n ...contentSubHeadlineContent\n ...contentSummaryContent\n ...contentTopicLinkContent\n ...contentSponsorTagContent\n ... on Video {\n __typename\n ...videoDurationOverlayVideo\n }\n}\n\nfragment hooksContentItemProvidersContent_3ULXzP on Content {\n __isContent: __typename\n ...contentActionBarContent\n ...contentCoverImageContent_2m5Gjt\n ...contentHeadlineContent\n ...contentLiveTagContent\n ...contentSectionsContent\n ...contentSummaryContent\n ...contentTopicLinkContent\n ...contentSponsorTagContent\n ... on Video {\n __typename\n ...videoDurationOverlayVideo\n }\n}\n\nfragment hooksContentItemProvidersContent_Y5tau on Content {\n __isContent: __typename\n ...contentActionBarContent\n ...contentCoverImageContent_4hzFNJ\n ...contentHeadlineContent\n ...contentSponsorTagContent\n ... on Video {\n __typename\n }\n}\n\nfragment hooksTopic on Topic {\n types\n sponsor {\n __typename\n id\n }\n}\n\nfragment hooksTopicWidgetQuery_49mQWb on Query {\n topic(filter: {entityId: $entityId}) {\n entityId\n ...hooksTopic\n ...topicAdsTopic\n ...topicMetadataDisplayTopic\n id\n }\n ...discoveryWidgetPostMagazineQueueQuery\n ...chinaScienceDiscoveryWidgetQuery\n ...hundredTopTablesDiscoveryWidgetQuery\n ...openQuestionsSeriesDiscoveryWidgetQuery_2uEaAo\n appConfig(filter: {entityId: \"scmp_pwa_widget\"}) {\n json\n id\n }\n}\n\nfragment hooksUseDeepLinkTagsBase on BaseWithApplicationAndUrlAlias {\n __isBaseWithApplicationAndUrlAlias: __typename\n __typename\n urlAlias\n entityId\n}\n\nfragment hooksUseDynamicMetaTags on DynamicMetaTags {\n __isDynamicMetaTags: __typename\n metatags {\n key\n value\n }\n}\n\nfragment hundredTopTablesContent on Content {\n __isContent: __typename\n ...entityLink\n ...hooksContentItemProvidersContent_Y5tau\n}\n\nfragment hundredTopTablesDiscoveryWidgetQuery on Query {\n hundredTopTablesQueue: queue(filter: {name: \"section_top_517759\"}) {\n items(first: 5) {\n edges {\n node {\n __typename\n ... on Article {\n entityId\n ...hundredTopTablesContent\n }\n ... on Node {\n __isNode: __typename\n id\n }\n }\n }\n }\n id\n }\n hundredTopTablesSection: section(filter: {entityId: \"517759\"}) {\n ...entityLink\n id\n }\n}\n\nfragment imageContent on Content {\n __isContent: __typename\n headline\n ...checkersCheckContentContainsStarlingImageContent\n}\n\nfragment inlineWidgetContent on Content {\n __isContent: __typename\n ...contentNewsletterWidgetContent\n}\n\nfragment latestDiscoveryWidgetQueue on Queue {\n items(first: 6) {\n edges {\n node {\n __typename\n ... on Article {\n entityId\n ...homeSecondaryContentItemContent\n }\n ... on Node {\n __isNode: __typename\n id\n }\n }\n }\n }\n}\n\nfragment latestDiscoveryWidgetSection on Section {\n urlAlias\n name\n entityId\n parentSection\n}\n\nfragment openQuestionsSeriesDiscoveryWidgetQuery_2uEaAo on Query {\n openQuestionSeriesTopic: topic(filter: {entityId: \"518656\"}) {\n name\n urlAlias\n contents(exclude: {paywallTypeIds: $scmpPlusPaywallTypeIds}, first: 6, orderBy: {field: PUBLISHED_DATE, direction: DESC}) {\n edges {\n node {\n __typename\n ... on Article {\n entityId\n ...homeSecondaryContentItemContent\n }\n id\n }\n }\n }\n id\n }\n}\n\nfragment photoGalleryDialogContent on Content {\n __isContent: __typename\n __typename\n ...contentShareWidgetContent\n}\n\nfragment photoGalleryWidgetContent on Content {\n __isContent: __typename\n ...photoGalleryDialogContent\n}\n\nfragment postMagazineDiscoveryItemContent on Content {\n __isContent: __typename\n entityId\n urlAlias\n ...articleCommentArticle\n ...entityLink\n ...helpersCheckHasLiveTagArticle\n ...helpersUseContentSponsorContent\n ...hooksContentItemProvidersContent_14w7Xi\n}\n\nfragment scmpYoutubeContent on Content {\n __isContent: __typename\n entityId\n urlAlias\n publishedDate\n}\n\nfragment sectionTopLeadPrimaryContentItemContent on Content {\n __isContent: __typename\n entityId\n urlAlias\n topics {\n ...followButtonBase\n id\n }\n ...entityLink\n ...contentCoverImageContent_34Njms\n ...helpersUseContentSponsorContent\n ...hooksContentItemProvidersContent_3TpHBe\n}\n\nfragment sponsorTagSponsor on Sponsor {\n name\n type\n images {\n url\n }\n}\n\nfragment topStoriesItemContent on Content {\n __isContent: __typename\n ...homePrimaryContentItemContent\n ...homeSecondaryContentItemContent\n ...helpersUseContentSponsorContent\n}\n\nfragment topicAdsTopic on Topic {\n entityId\n advertZone(version: 2)\n}\n\nfragment topicDescriptionTopic on Topic {\n ...topicHeaderRelatedLinksTopic\n ...entityFollowButtonBase\n ...hooksTopic\n ...topicMetadataDisplayTopic\n extraMetadata {\n __typename\n }\n ...entityLink\n mobileImage: image(type: MOBILE_APP_IMAGE) {\n style(filter: {style: \"300x300\"}) {\n url\n }\n }\n name\n description {\n text\n }\n chineseName\n updatedDate\n}\n\nfragment topicHeaderRelatedLinksTopic on Topic {\n ...hooksTopic\n relatedLink {\n title\n url\n }\n relatedTopics {\n name\n urlAlias\n id\n }\n}\n\nfragment topicHeaderTopic on Topic {\n ...topicHeaderRelatedLinksTopic\n ...entityFollowButtonBase\n ...hooksTopic\n ...entityLink\n mobileImage: image(type: MOBILE_APP_IMAGE) {\n style(filter: {style: \"300x300\"}) {\n url\n }\n }\n name\n chineseName\n sponsor {\n ...sponsorTagSponsor\n id\n }\n}\n\nfragment topicLinkTopic on Topic {\n ...entityLink\n name\n shortName\n}\n\nfragment topicMetadataDisplayTopic on Topic {\n ...hooksTopic\n extraMetadata {\n key\n value\n topic {\n name\n ...entityLink\n types\n urlAlias\n mobileImage: image(type: MOBILE_APP_IMAGE) {\n style(filter: {style: \"300x300\"}) {\n url\n }\n }\n id\n }\n }\n}\n\nfragment topicRestContentsTopic on Topic {\n entityId\n advertZone(version: 2)\n}\n\nfragment topicSeoTopic on Topic {\n name\n description {\n text\n }\n urlAlias\n metaDescription\n ...hooksUseDeepLinkTagsBase\n ...hooksUseDynamicMetaTags\n}\n\nfragment topicTopContentsTopic on Topic {\n entityId\n advertZone(version: 2)\n}\n\nfragment topicTopicPageTopic_44JfPG on Topic {\n contents(after: $after, exclude: {paywallTypeIds: $scmpPlusPaywallTypeIds}, first: $count, filter: {applicationIds: [$applicationId]}, orderBy: {field: PUBLISHED_DATE, direction: DESC}) {\n edges {\n node {\n __typename\n __isContent: __typename\n entityUuid\n ...homeSecondaryContentItemContent\n ...sectionTopLeadPrimaryContentItemContent\n ...topStoriesItemContent\n id\n }\n cursor\n }\n pageInfo {\n endCursor\n hasNextPage\n }\n }\n id\n}\n\nfragment videoDurationOverlayVideo on Video {\n duration\n sections {\n value {\n entityId\n id\n }\n 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