Cao Li

1 week ago | scmp.com | Cao Li

Goldman Sachs said the US Federal Reserve could cut rates by a cumulative three-quarters of a percentage point in July, September, and October, with the aim of balancing employment and inflation risks with the tariff war. According to a report from the Wall Street investment bank on Monday, Fed officials would likely wait for clear evidence from the labour market and other data before implementing rate cuts, despite surveys signalling pessimistic expectations about the economic outlook.

1 week ago | scmp.com | Cao Li

Demand for flats at Sierra Sea, a mega residential project of Sun Hung Kai Properties (SHKP) in the New Territories, remained strong for the second consecutive weekend, as homebuyers took advantage of discounted prices that are about 20 per cent lower than those of similar properties in the district. As of 12pm on Saturday, Hong Kong’s largest property developer already sold 123 of the second batch of 288 new flats put up for sale at Sierra Sea, according to property agents.

2 weeks ago | scmp.com | Cao Li

Chinese investors rushed to buy exchange-traded funds (ETFs) tracking gold in the first quarter of the year, as prices surged to record highs on rising geopolitical tensions amid the second term of US President Donald Trump. According to a report from the World Gold Council on Wednesday, Chinese investors poured a total of 16.7 billion yuan (US$2.3 billion) into gold ETFs in the first quarter, increasing their total holdings by 23 tonnes – the highest quarterly net inflow on record.

2 weeks ago | scmp.com | Cao Li

Goldman Sachs raised its forecast for investment by mainland Chinese in Hong Kong-listed stocks by almost 50 per cent, following the strongest start to the year on record in terms of Stock Connect fund inflows. Net southbound inflows could reach US$110 billion this year, versus a previous forecast of US$75 billion, the Wall Street investment bank said in a report on Sunday, citing expectations of increased capital moving into Hong Kong amid concerns about US-China financial decoupling.

2 weeks ago | scmp.com | Cao Li

Mainland Chinese restaurant chain Green Tea Group has received approval from the Hong Kong stock exchange for an initial public offering (IPO), marking its fifth attempt in four years to go public in the city. The Hangzhou-based budget-dining chain said in a filing on Wednesday that the exchange’s listing committee had approved the proposal.