TOPIC

/ company

Standard & Poor's (S&P)

Standard & Poor’s is best known for stock market indices such as the US-based S&P 500 and for its credit ratings, competing against Moody's Investors Service and Fitch Ratings. Rating agencies came under fire for issuing top ratings to pools of mortgages which included subprime loans and in February 2013, the US Justice Department filed a civil lawsuit against S&P, seeking US$5 billion in civil damages.

Chairman / President

Douglas L. Peterson

CEO / Managing Director

Douglas L. Peterson

CFO / Finance Director

Ewout Steenbergen

Industry

Financial Services

Website

spglobal.com/ratings

Headquarters address

55 Water Street, New York, NY 10041, USA

Stock Code

NYSE:SPGI

Year founded

1860

Icons for some AI-based apps are seen on a smartphone. Photo: AFP

Artificial intelligence

DeepSeek AI engineer slams Anthropic, OpenAI over ‘pacing’ calls, invokes Hitler

Heated rhetoric highlights tensions over how quickly artificial intelligence should advance and who should shape its future amid mounting safety concerns.

15 Sep 2026 - 8:30PMvideocam

Warren Buffett

Will Warren Buffett’s firm lose its aura in China as he steps back?

13 Aug 2026 - 9:55AM

Zijin Mining

China’s largest mining company poised for global top 3 status by 2028, says S&P

26 May 2026 - 9:41PM

Stocks

Macroscope | Global stock markets are bubbling along on unjustified optimism

Hype around AI and some tech companies has inflated stock prices and left investors ebullient despite the rising risk of a market crash.

16 May 2026 - 4:30PMvideocam

Currency dealers celebrate in front of a screen showing South Korea’s benchmark stock index during a ceremony celebrating it breaking 7,000 points at the Hana Bank headquarters in Seoul on May 6. The market value of South Korea’s Samsung Electronics smashed past US$1 trillion for the first time on May 6 as the firm rides an AI chip boom that has sent Seoul’s Kospi stock index to record highs. Photo: AFP

China property

China’s bond market faces climbing re-defaults as property crisis drags on

Re-defaults erode credit differentiation as homebuyer confidence weakens under slow income growth and high leverage, analysts warn.

11 May 2026 - 8:30PM

Electric & new energy vehicles

China’s move to cut EV payment cycles may push weaker carmakers out: S&P

China’s weaker EV makers may soon be running on fumes as tighter payment cycles squeeze cash flow and curb price wars.

8 May 2026 - 7:00AM

Banking & finance

Macroscope | The real reason stock markets are still flying high despite grave risks

For all the talk of market resilience, too much portfolio investment is chasing too few real-world investment areas.

25 Apr 2026 - 4:30PMvideocam

A trader works, as a screen broadcasts a press conference by US Federal Reserve chairman Jerome Powell following a rate announcement, on the floor of the New York Stock Exchange on March 18. Photo: Reuters

Business of climate change

Asia-Pacific firms face credit pressure from Iran war energy shock, S&P says

Higher energy prices ratchet up pressure on manufacturing businesses to maintain their profit margins amid rising raw material costs.

17 Apr 2026 - 7:00AM

Bonds

China’s JD.com returns to dim sum bond market with 10b yuan offering

The e-commerce giant is issuing the yuan-denominated notes in two tranches of 7.5 billion yuan and 2.5 billion yuan.

2 Apr 2026 - 4:26PM

US, Israel war on Iran

Iran strike wounds US troops and damages planes at Saudi airbase

Israel, meanwhile, hit more of Iran’s nuclear sites, prompting Tehran to vow retaliation.

28 Mar 2026 - 7:25AMvideocam

A missile launched from Iran is seen on March 1. Photo: AFP

China property

Chinese developer Sunshine 100 to oppose winding-up petition in Hong Kong

HTI Financial Solutions and Haitong International Financial Products filed the petition over a debt due in March last year, firm says.

12 Mar 2026 - 6:00PM

Sunshine 100 China Holdings has defaulted on multiple redemptions since 2021. Photo: Handout

Indonesia

Is Indonesia’s fuel subsidy sustainable as Iran war continues?

Higher oil prices would mean bigger fuel subsidies, piling on the pressure on a budget that is already under investor scrutiny.

6 Mar 2026 - 6:55PMvideocam

US, Israel war on Iran

Trump demands Iran forces surrender or die, wants say on next leader

US president dismisses Khamenei’s son as a ‘lightweight’ and orders Iranian forces to lay down arms or face ‘guaranteed death’.

6 Mar 2026 - 5:40PMvideocam

Trade

Macroscope | Trump weaponises trade as globalisation becomes more fractured

As recognised by Canada, the fracturing of the global economy is in full swing. Policymakers and businesses should expect it to continue.

29 Jan 2026 - 4:30PM

Shipping containers are stacked at a port in Montreal, Quebec, Canada, on August 1, 2025. While the unravelling of globalisation has been a major theme for some time, the primacy of national security and geopolitics is a relatively new phenomenon that is reshaping the global economy and markets. Photo: AFP

China property

Expect no ‘systemic shock’ from Vanke’s ‘technical default’: HSBC

Even an ‘aggressive’ haircut would pose limited downside risks to key developers, bank says.

13 Jan 2026 - 8:30AM

A security guard stands near a development by Vanke in Beijing on December 23, 2025. Photo: Reuters

Bonds

Hong Kong extends digital bond ambitions with third offering

Government looking to sell digital green bonds denominated in US dollars, Hong Kong dollars, euros and offshore yuan, sources say.

10 Nov 2025 - 5:04PM

Bonds

China’s Meituan eyes US$3 billion from bond issue as competition heats up

Meituan’s dual-currency bond offering consists of US$1.99 billion in greenback-denominated notes and US$1 billion in yuan-based securities.

30 Oct 2025 - 4:56PM

Banking & finance

US dollar slide could pressure export-driven sectors and banks, S&P warns

US dollar depreciation against euro, yen and most emerging-market currencies over next three years expected to be ‘modest and orderly’.

14 Oct 2025 - 6:00PM

The US dollar has fallen from a peak in January when President Donald Trump returned to office. Photo: Shutterstock

Germany

Midea’s AC sales jump 35% in Europe amid heatwaves, offsetting slowdown in China

The Foshan-based appliance maker’s overseas revenue accounted for 43 per cent of its total revenue in the first half of 2025.

25 Sep 2025 - 7:30AM

Hong Kong property

NWD, CK Asset launch home sales, hoping year’s first rate cut revives sentiment

New World is selling all 120 units at House Muse in Kowloon City, and CK Asset is selling the last 70 units at Blue Coast II in Wong Chuk Hang.

18 Sep 2025 - 5:15PMvideocam

Bonds

Hungry to expand, Chinese companies to dish out more dim sum bonds

US-dollar bond issuance is set to fade as dim sum bonds become a central pillar of Beijing’s push to internationalise the yuan, asset managers say.

17 Sep 2025 - 5:30PM

Issuance of yuan-denominated bonds is on the rise as Chinese companies turn away from US-dollar bonds, according to asset managers. Photo: AFP

Wealth management

Standard Chartered banker urges diversification amid correction risks

‘There could be another correction. These things happen,’ Standard Chartered’s Judy Hsu says.

8 Sep 2025 - 8:43AM

Judy Hsu, Standard Chartered’s CEO of wealth and retail banking. Photo: Jelly Tse

United States

US stocks wobble as Wall Street wrangles with whether job market is too weak

Hopes that weak employment data would spur the Fed to cut interest rates were balanced by fears that an economic downturn is looming.

6 Sep 2025 - 5:18AMvideocam

China property

The View | China’s commercial property market has its own version of a ‘national team’

While Beijing hasn’t called on any funds to support China’s commercial property market, its strong, diverse domestic investor base is a pillar of strength.

11 Aug 2025 - 4:30PMvideocam

United States

Wall Street drifts as global stock markets take Trump’s new tariffs in stride

Worries that Trump’s tariffs are damaging the economy linger, particularly after last week’s worse-than-expected report on the job market.

7 Aug 2025 - 11:07PMvideocam

Market statistics are displayed on a screen at the New York Stock Exchange on Monday. Photo: AFP

Biomedicine: Companies

Opinion | Biotech successes helping Chinese intellectual property go global

After years of buying licences for foreign-made medicines, Chinese biotech firms are now profiting handsomely from their own innovations.

5 Aug 2025 - 5:30AMvideocam

Visitors walk beside the booth of British-Swedish multinational pharmaceutical and biotechnology company AstraZeneca during the third China International Supply Chain Expo in Beijing on July 17. Photo: EPA

Hong Kong stock market

De-dollarisation trend to continue, favouring Asian assets: Societe Generale

‘We acknowledge that US exceptionalism is diminishing and that de-dollarisation is under way,’ analysts say.

4 Jul 2025 - 2:53PM

China stock market

Chinese stocks trade near 3-month high as manufacturing, home sales rebound

Private reports showed manufacturing and home sales in mainland China recovered in June from a month earlier.

1 Jul 2025 - 3:50PMvideocam

Help preserve 120 years of quality journalism.

SUPPORT NOW

Standard & Poor's (S&P)

DeepSeek AI engineer slams Anthropic, OpenAI over ‘pacing’ calls, invokes Hitler

Heated rhetoric highlights tensions over how quickly artificial intelligence should advance and who should shape its future amid mounting safety concerns.

Will Warren Buffett’s firm lose its aura in China as he steps back?

China’s largest mining company poised for global top 3 status by 2028, says S&P

.css-1pcrwvc{color:#2aa191;}Macroscope | Global stock markets are bubbling along on unjustified optimism

Hype around AI and some tech companies has inflated stock prices and left investors ebullient despite the rising risk of a market crash.

China’s bond market faces climbing re-defaults as property crisis drags on

Re-defaults erode credit differentiation as homebuyer confidence weakens under slow income growth and high leverage, analysts warn.

China’s move to cut EV payment cycles may push weaker carmakers out: S&P

China’s weaker EV makers may soon be running on fumes as tighter payment cycles squeeze cash flow and curb price wars.

Macroscope | The real reason stock markets are still flying high despite grave risks

For all the talk of market resilience, too much portfolio investment is chasing too few real-world investment areas.

Asia-Pacific firms face credit pressure from Iran war energy shock, S&P says

Higher energy prices ratchet up pressure on manufacturing businesses to maintain their profit margins amid rising raw material costs.

China’s JD.com returns to dim sum bond market with 10b yuan offering

The e-commerce giant is issuing the yuan-denominated notes in two tranches of 7.5 billion yuan and 2.5 billion yuan.

Iran strike wounds US troops and damages planes at Saudi airbase

Israel, meanwhile, hit more of Iran’s nuclear sites, prompting Tehran to vow retaliation.

Chinese developer Sunshine 100 to oppose winding-up petition in Hong Kong

HTI Financial Solutions and Haitong International Financial Products filed the petition over a debt due in March last year, firm says.

Is Indonesia’s fuel subsidy sustainable as Iran war continues?

Higher oil prices would mean bigger fuel subsidies, piling on the pressure on a budget that is already under investor scrutiny.

Trump demands Iran forces surrender or die, wants say on next leader

US president dismisses Khamenei’s son as a ‘lightweight’ and orders Iranian forces to lay down arms or face ‘guaranteed death’.

Macroscope | Trump weaponises trade as globalisation becomes more fractured

As recognised by Canada, the fracturing of the global economy is in full swing. Policymakers and businesses should expect it to continue.

Expect no ‘systemic shock’ from Vanke’s ‘technical default’: HSBC

Even an ‘aggressive’ haircut would pose limited downside risks to key developers, bank says.

Hong Kong extends digital bond ambitions with third offering

Government looking to sell digital green bonds denominated in US dollars, Hong Kong dollars, euros and offshore yuan, sources say.

China’s Meituan eyes US$3 billion from bond issue as competition heats up

Meituan’s dual-currency bond offering consists of US$1.99 billion in greenback-denominated notes and US$1 billion in yuan-based securities.

US dollar slide could pressure export-driven sectors and banks, S&P warns

US dollar depreciation against euro, yen and most emerging-market currencies over next three years expected to be ‘modest and orderly’.

Midea’s AC sales jump 35% in Europe amid heatwaves, offsetting slowdown in China

The Foshan-based appliance maker’s overseas revenue accounted for 43 per cent of its total revenue in the first half of 2025.

NWD, CK Asset launch home sales, hoping year’s first rate cut revives sentiment

New World is selling all 120 units at House Muse in Kowloon City, and CK Asset is selling the last 70 units at Blue Coast II in Wong Chuk Hang.

Hungry to expand, Chinese companies to dish out more dim sum bonds

US-dollar bond issuance is set to fade as dim sum bonds become a central pillar of Beijing’s push to internationalise the yuan, asset managers say.

Standard Chartered banker urges diversification amid correction risks

‘There could be another correction. These things happen,’ Standard Chartered’s Judy Hsu says.

US stocks wobble as Wall Street wrangles with whether job market is too weak

Hopes that weak employment data would spur the Fed to cut interest rates were balanced by fears that an economic downturn is looming.

The View | China’s commercial property market has its own version of a ‘national team’

While Beijing hasn’t called on any funds to support China’s commercial property market, its strong, diverse domestic investor base is a pillar of strength.

Wall Street drifts as global stock markets take Trump’s new tariffs in stride

Worries that Trump’s tariffs are damaging the economy linger, particularly after last week’s worse-than-expected report on the job market.

Opinion | Biotech successes helping Chinese intellectual property go global

After years of buying licences for foreign-made medicines, Chinese biotech firms are now profiting handsomely from their own innovations.

De-dollarisation trend to continue, favouring Asian assets: Societe Generale

‘We acknowledge that US exceptionalism is diminishing and that de-dollarisation is under way,’ analysts say.

Chinese stocks trade near 3-month high as manufacturing, home sales rebound

Private reports showed manufacturing and home sales in mainland China recovered in June from a month earlier.

Macroscope | Global stock markets are bubbling along on unjustified optimism