Investors are gearing up for a high-stakes financial summit in Hong Kong next week, an event that has historically coincided with gains in the city’s stock market while underscoring its standing as a global financial hub. The annual Global Financial Leaders’ Investment Summit enters its fifth year on Monday with a welcome dinner, followed by two days of panel discussions with senior executives. Major economic trends, shifts in financial markets and the impact of technological advances on...

Increasingly apparent state buying in China’s struggling stock market helped drive the benchmark CSI 300 Index up 0.9 per cent on Wednesday, but will be insufficient to engineer a durable rally in the world’s second-largest equity market, according to analysts from global investment banks. “National team” investors – state entities buying exchange-traded funds (ETFs) and other vehicles – poured as much as 170 billion yuan (US$25.5 billion) into the market this month. But such intervention was...