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22.10.26 - 14:06
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Hong Kong targets financial innovation to help ease economic ′pain points′ (SCMP)
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Hong Kong's top banking regulator has called for greater innovation in the city's financial system to help address “pain points” in the real economy, as the city works with mainland Chinese and Asia-Pacific partners to navigate a host of sustainability, geopolitical and other challenges.
“True innovation in finance is not simply about chasing novelty; it's about transforming conventional financial tools into efficient solutions,” said Eddie Yue Wai-man, chief executive of the Hong Kong Monetary......
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22.10.26 - 05:18
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Hong Kong stocks head for 4-month low as chance of strong stimulus from Beijing shrinks (SCMP)
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Sell-offs in Hong Kong stocks deepened on Thursday, with the benchmark gauge heading for its lowest level in nearly four months, as hopes fade that Beijing would introduce aggressive stimulus measures following recent economic data indicating the annual growth target was within reach.
The Hang Seng Index sank 2.7 per cent to 23,007.73 as of 10.50am local time, poised for its lowest close since June 30. The Hang Seng Tech Index dropped 4.3 per cent.
On the mainland, the CSI 300 Index slid 1.6 per......
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22.10.26 - 03:42
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Debt-laden mainland developer Shimao sells its 2 Hong Kong hotels for US$344 million (SCMP)
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Receivers of the Sheraton Hong Kong Tung Chung Hotel and the Four Points by Sheraton have sold the dual-branded complex, which together comprise the city's third-largest hotel by room count, for HK$2.7 billion (US$344 million), Shimao Group announced on Thursday.
In a filing to the Hong Kong stock exchange, the distressed mainland Chinese developer said the buyer was Oceanfront Hong Kong Limited.
Oceanfront is owned by, among others, investment vehicles associated with ParkCity Group, a......
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22.10.26 - 01:00
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Could Hong Kong′s student housing boom lure property giants off the sidelines? (SCMP)
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Hong Kong's largest landlords and developers could get their first formal route into the rising student accommodation market after the government announced plans to tender land for a purpose-built student hostel this quarter, according to analysts.
Development Secretary Bernadette Linn Hon-ho announced on Thursday the inclusion of a 1,100 square metre (11,840 square foot) site for student accommodation as one of two land tenders in the October to December quarter.
The plot – at the junction of......
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21.10.26 - 15:54
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Hong Kong working to boost global banks′ use of yuan trading tools (SCMP)
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Hong Kong has vowed to engage more international banks in a debt securities clearing system, as part of a wider push to develop the city into a leading global yuan trading hub.
“Hong Kong is actively promoting a number of measures to advance the city's offshore yuan market to higher and deeper levels,” said Michael Wong Wai-lun, the city's deputy financial secretary, during a Hong Kong event related to the Financial Street Forum on Wednesday.
On the infrastructure side, Wong said the government......
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21.10.26 - 12:06
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Hong Kong′s SHKP sells 128 Sierra Sea flats ahead of possible US rate increase (SCMP)
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Sun Hung Kai Properties (SHKP), one of Hong Kong's largest developers, has sold out the latest batch of flats at its Sierra Sea project in the New Territories, where units were offered at discounted prices ahead of a possible US Federal Reserve interest-rate increase by year-end.
By 5.40pm on Wednesday, SHKP had found buyers for all 128 flats offered at listed prices in Phase 2C(2) of the development in Shap Sze Heung, between Sai Kung and Ma On Shan, according to agents. Sales began at......
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21.10.26 - 11:06
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Hong Kong sees last-minute IPO cancellations amid increased regulatory checks, weak market (SCMP)
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Hong Kong's tougher oversight and weak investor demand have put many mainland China issuers in a dilemma, forcing many small-cap non-technology firms to delay their fundraising plans or even cancel them at the last minute, according to industry players.
On Tuesday Jiangsu Slender West Lake Culture and Tourism (SWL Tour) became the latest such case, when the state-owned aquatic tourism service provider postponed a HK$227 million (US$28.93 million) listing. The company attributed the decision to......
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21.10.26 - 10:01
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Apec finance ministers reach consensus on AI, digital financing in Hong Kong (SCMP)
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Asia-Pacific Economic Cooperation (Apec) finance chiefs reached a consensus on economic policy coordination and cooperation on financing technology and artificial intelligence at a landmark two-day gathering in Hong Kong, according to China's finance minister.
Lan Foan said the outcomes achieved during the Apec Finance Ministers' Meeting would help shape discussions at the leaders' summit in Shenzhen next month.
“China will work with all member economies to implement the important consensus......
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20.10.26 - 11:30
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Hong Kong′s workers fear AI-driven retirement disruptions, only 20% feel prepared: survey (SCMP)
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More than half of Hong Kong's working adults believe artificial intelligence will make their retirement path more unpredictable than previous generations, yet only one in five feel financially prepared for the shift, according to a survey by global asset manager T. Rowe Price.
About 55 per cent of the 1,004 Hong Kong residents surveyed – all 30 or older and earning at least HK$15,000 (US$2,239) per month – said they expected AI-driven disruptions to destabilise their long-term career and income......
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20.10.26 - 11:30
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Mainland Chinese traders boost Hong Kong stock buying for fourth month as AI bets surge (SCMP)
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Mainland Chinese investors bought more Hong Kong stocks than they sold for a fourth consecutive month in September, with purchases accelerating despite persistent headwinds from elevated US Treasury yields and oil prices.
Onshore traders poured a net HK$60.8 billion (US$7.7 billion) into Hong Kong's stocks via the Stock Connect programme last month, up from HK$10.4 billion in August, according to financial data provider Wind. Net buying reached HK$134.1 billion in the third quarter.
Mainland......
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20.10.26 - 11:30
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Hong Kong vies for role in robotics boom with launch of embodied AI hub (SCMP)
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The Hong Kong Productivity Council (HKPC) opened the city's first experimental hub for embodied artificial intelligence on Thursday with the participation of seven mainland and Hong Kong companies, including industry leaders Unitree Robotics and Galbot, as the city looks to carve out a role in the global robotics boom.
Located at the HKPC Building in Kowloon Tong, the Embodied AI International Applications Hub, housed under the HKPC's industrial AI and robotics centre, features simulated......
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20.10.26 - 10:42
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Suzhou Dongshan′s US$1.8b Hong Kong IPO trails expectations amid US trade risk concerns (SCMP)
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Suzhou Dongshan Precision Manufacturing raised less than expected in its Hong Kong initial public offering (IPO), as investors weighed potential US trade restrictions on its optical modules business amid the city's cautious appetite for mega listings, analysts said.
The company has started taking investor orders for a Hong Kong listing, offering 113.7 million shares at a maximum price of HK$93.80 per share, according to its prospectus on Tuesday.
A total of 20 cornerstone investors have agreed......
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20.10.26 - 09:54
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Spotlight on Hong Kong as APEC finance ministers gather to discuss region′s economic future (SCMP)
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[The content of this article has been produced by our advertising partner.]
Hong Kong will be able to flex its growing strength and influence as a major international financial centre when the city stages the Asia-Pacific Economic Cooperation (APEC) 2026 Finance Ministers' Meeting (FMM) for the first time, from October 20 to 21.
For the city's Financial Secretary Paul Chan Mo-po, it is an opportunity to “showcase Hong Kong's comprehensive development in the economic, financial and social......
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20.10.26 - 09:54
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No rush to T+1: Hong Kong exchange won′t hurry settlement-time change, sources say (SCMP)
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Participants in Hong Kong's stock market may need to wait longer for shorter transaction settlement times, as market participants want more time to prepare for the change, according to two sources familiar with the matter.
Bourse operator Hong Kong Exchanges and Clearing (HKEX) said in a consultation paper in April that it aimed to implement a so-called T+1 system – under which trades would be settled one day after transactions – in the fourth quarter of 2027, replacing the existing T+2......
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