Shanghai Gold Exchange pushes more Chinese banks to end retail leverage trading

South China Morning Post - Sep 25, 2026

At least a dozen Chinese banks intend to wind down retail leveraged precious-metals trading – a practice in which everyday investors post margin deposits to speculate on gold and silver contracts without owning the physical metal. The retreat comes amid sharp swings in international gold prices. Sources at two banks, including the Industrial and Commercial Bank of China – the world’s largest lender by assets – said that this round of withdrawals was mandated by the Shanghai Gold Exchange,...

Read full article

More News

US regulators back multi-cancer blood test – but Hong Kong doctors remain cautious

Sep 24, 2026

US regulators back multi-cancer blood test – but Hong Kong doctors remain cautious

Efforts to detect multiple cancers through a single blood draw are gathering momentum after US regulators endorsed the technology for the first time, although experts say wider adoption in Hong Kong still faces challenges as doctors remain cautious about its clinical value. In a landmark decision for the emerging field of multi-cancer early detection (MCED) blood tests, a US Food and Drug Administration (FDA) panel on Thursday voted in favour of US company Grail’s “Galleri test”, recommending it...

DA eyes 'scientific' approach vs super El Niño; nearly P10-B fund allotted for farmers, fisherfolk

Sep 24, 2026

DA eyes 'scientific' approach vs super El Niño; nearly P10-B fund allotted for farmers, fisherfolk

The Department of Agriculture (DA) on Thursday said it will adopt a “scientific” strategy to mitigate the impact of a potentially record-breaking El Niño expected in the coming months.

Peso snaps two-day win-streak, falls to P62.735:$1

Sep 24, 2026

Peso snaps two-day win-streak, falls to P62.735:$1

The Philippine peso cut short its winning streak against the US dollar on Thursday as slower economic growth projections put pressure on the local unit.

PH businesses get boost from Globe AI, digital infra amid ASEAN integration

Sep 24, 2026

PH businesses get boost from Globe AI, digital infra amid ASEAN integration

Philippine businesses seeking growth opportunities across Southeast Asia gained new momentum as telecommunications firm Globe Telecom expands its digital and artificial intelligence (AI) capabilities amid the country"s push for deeper digital integration.

China’s humanoid robot IPO slowdown no threat to firms with ‘genuine strength’: Deloitte

Sep 24, 2026

China’s humanoid robot IPO slowdown no threat to firms with ‘genuine strength’: Deloitte

Beijing’s recent tightening of approvals for humanoid robot makers seeking initial public offerings (IPOs) poses no threat to companies with clear commercialisation strategies, as funding channels remain wide open for qualified players, according to Deloitte China. “Market funds are shifting from the ‘blind rush’ of the past to ‘fine screening’,” said Dick Kay, Deloitte China’s capital market services group national leader, at a press conference on Thursday. Investors and regulators now placed...

SoftBank raises $11.1 billion in world's biggest high-yield corporate bond sale

Sep 24, 2026

SoftBank raises $11.1 billion in world's biggest high-yield corporate bond sale

SoftBank Group has raised $11.1 billion in dollar- and euro-denominated bonds in the largest high-yield corporate bond sale globally on record as it seeks to fund its mammoth bet on OpenAI.

PH IT-BPM revenues seen outpacing workforce growth amid AI adoption

Sep 24, 2026

PH IT-BPM revenues seen outpacing workforce growth amid AI adoption

The Philippine information technology and business process management (IT-BPM) industry expects revenues to grow faster than its workforce as companies increasingly turn to artificial intelligence (AI) to augment human workers, industry officials said Thursday.

Who has the upper hand in financial markets, the US or China?

Sep 24, 2026

Who has the upper hand in financial markets, the US or China?

As Chinese President Xi Jinping arrives in Washington for his much-anticipated summit with US President Donald Trump, it is clear which country emerged stronger from the tariff shock. Last month, China’s exports rose 25 per cent in annualised terms, causing the country’s trade surplus to swell to US$119 billion and putting it on track to exceed last year’s record of US$1.2 trillion. Moreover, China’s surplus with the US rose 44 per cent to US$29 billion, the widest gap since Trump returned to...

Investors pivot to selective China bets in technology as property growth fades: DBS Bank

Sep 24, 2026

Investors pivot to selective China bets in technology as property growth fades: DBS Bank

The sentiment among investors that China is a “single bet” is giving way to picking individual winners, with technology displacing property as the engine of growth, according to DBS Bank (Hong Kong). “Instead of looking at China as one big thing, there are selective sectors that we think will benefit from this trend,” Dennis Lam, managing director and head of research at the bank, said during a media briefing on Thursday. Artificial intelligence, advanced manufacturing and innovative drugs would...

US equities, ETFs soon available to qualified Filipino investors via DragonFi

Sep 24, 2026

US equities, ETFs soon available to qualified Filipino investors via DragonFi

DragonFi Securities Inc. has received regulatory approval from the Securities and Exchange Commission (SEC) to grant qualified Philippine-based investors access to pre-approved US equities and exchange-traded funds (ETFs).

Skydiving, whale watching and a burst of bookings as holidays extend for millions in China

Sep 24, 2026

Skydiving, whale watching and a burst of bookings as holidays extend for millions in China

A three-day public holiday used to be a big deal in China. Then came “golden weeks”, which would sometimes stretch to nine days, sending millions of people in search of new sights across the country and further afield. Now an alignment of the Mid-Autumn Festival and the National Day holiday will give many Chinese students and office workers up to a record 13-day break, potentially pushing tourist traffic to new heights. “The more interesting change this year is not simply higher volume, but the...

ChinaAMC launches 3 Hong Kong ETFs as demand for targeted strategies grows

Sep 24, 2026

ChinaAMC launches 3 Hong Kong ETFs as demand for targeted strategies grows

China Asset Management (Hong Kong), the offshore arm of one of mainland China’s largest asset managers, launched three exchange-traded funds (ETFs) in the city on Thursday, expanding its product line-up as investors seek more diversified strategies amid market volatility and a broader boom in the ETF market. The three products – a Hong Kong high-dividend ETF, a Hong Kong growth ETF and a Hong Kong-US “Halo” ETF – are scheduled to list on the Hong Kong stock exchange on September 30, with trading...

Recommended