At a Lujiazui Financial Salon focused on AI in private securities investment funds, a report showed industry AUM reached RMB 7.08 trillion, up one-third in 2025, driven by quantitative private funds. In a survey of 57 institutions, more than half had written AI into development plans, and 70% said AI brought clear efficiency gains while human review remained standard. Roundtable panelists discussed AI applications, alternative data challenges, and large-model hallucination risk controls. The event was guided by the Shanghai Municipal Financial Commission and Pudong New Area government and hosted by the Lujiazui Financial Salon Secretariat.
HSBC Holdings plans to sell its Australian loan portfolio valued at over A$30 billion (approximately HK$164.6 billion) to Blackstone Group, marking the private equity firm's entry into the Australian home loan market. The sale follows failed negotiations with National Australia Bank and Macquarie Group, while KKR, Apollo Global Management, and Cerberus Capital Management had also expressed interest.