The de facto sovereign wealth fund of Hong Kong on Monday reported an investment loss of HK$202.4 billion ($25.8 billion), or 4.4%, for 2022 - the worst performance since 2008.
Hong Kong-based Chow Tai Fook Enterprises aims to ride a recovery in the hospitality and retail sector in 2023 and is also keeping an eye on quality private equity and Chinese equities exposure.
Geopolitical risks and a slowing global economy prompt Greater Bay Area Homeland Investments and Hong Kong tycoon Adrian Cheng's C Capital to look for private companies that are not reliant on overseas markets.
China’s shift in both Covid-19 and economic policies, including direction laid out in the December Central Economic Work Conference, has set the stage for investors as the country reopens.
The expansion will boost inflows to Hong Kong and mainland China stock markets, but the real game changer will be when mainland investors can invest in secondary-listed Chinese companies in Hong Kong.
CIC is not part of a consortium shortlisted for the infrastructure project, a source told AsianInvestor. The company that announced the consortium being shortlisted confirmed CIC's participation.
China’s bond market is beginning to look up as the country reopens and government rescue plan for the property sector kicks in. But the market will remain volatile compared with developed markets.
Global asset managers have tried to step up their presence in China for years. Those efforts gathered speed recently after Manulife and Fidelity won regulatory approval to operate wholly-owned onshore businesses.
Fund managers are shifting from underweight to neutral on Chinese equities in their global portfolio as China gradually reopens.
An improved macro environment is set to provide a leg up for Hong Kong’s beleaguered IPO market to help it remain one of the top three fundraising destinations in 2023.
Reconnecting with mainland China and the rest of the world is great news for the city. But are policymakers and the finance industry prepared for the post-Covid era?
Though family offices in the region share a common interest in private assets going into 2023, different generations view digital assets very differently.