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17.03.26 - 03:00
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Hong Kong stocks advance as oil steadies and Wall Street rally fuels confidence (SCMP)
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Hong Kong stocks rose for a second day on Tuesday, tracking Wall Street's gains, as oil prices steadied after a sharp overnight decline, easing concerns over inflation and geopolitical tensions.
The Hang Seng Index added 0.4 per cent to 25,938.43 at the market open, extending Monday's 1.5 per cent advance. The Hang Seng Tech Index gained 0.5 per cent. On the mainland, the CSI 300 Index added 0.3 per cent and the Shanghai Composite Index was little changed.
E-commerce giant Alibaba Group Holding......
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17.03.26 - 00:06
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Hong Kong to launch world′s first governed AI agent network amid OpenClaw frenzy (SCMP)
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Hong Kong is poised to launch the world's first open-source human-AI agent collaboration network this week, along with a series of everyday artificial intelligence products to assist citizens with activities such as applying for schools and analysing horse racing.
The Hong Kong Generative AI Research and Development Centre (HKGAI) said it would soon offer on an open-source basis a human-AI agent collaboration network named “ClawNet”, designed to ensure AI agents “only do things that are......
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16.03.26 - 12:55
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Hong Kong businessman expected to take loss on Peak properties he bought for US$255m (SCMP)
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Luxury residential property on Hong Kong's Peak Road owned by businessman Chan King-wai has been put up for sale by public tender, several years after he acquired it from companies linked to CK group.
Marketing agent JLL said on Monday that the adjoining sites at 86, 88 and 90 Peak Road are being offered for joint sale by tender. The residential lots have a combined area of about 28,620 sq ft.
The site could attract bids of about HK$70,000 (US$8,939) to HK$100,000 per square foot, said Joseph......
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16.03.26 - 06:12
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Hong Kong attracts wave of biotech IPO filings amid AI drug boom (SCMP)
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More than 10 loss-making biotechnology companies have filed for Hong Kong stock exchange listings this year, bringing cutting-edge drugs and artificial intelligence-powered drug discovery platforms to market, as the city's bourse presses ahead with reforms aimed at supporting the real economy.
The latest applications came as healthcare and biotechnology equity capital market activity – stock sales by companies and their shareholders – in Hong Kong reached US$15.6 billion last year, the second......
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16.03.26 - 03:00
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Hong Kong stocks edge lower on US-Iran stand-off, oil supply fears (SCMP)
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Hong Kong stocks fell on Monday as tensions between the US and Iran showed no sign of easing quickly, keeping investors cautious about potential disruptions to global energy supplies and regional stability.
The Hang Seng Index slipped 0.1 per cent to 25,436.27 at the market open, extending a 1 per cent loss recorded from Friday. The Hang Seng Tech Index gained 0.2 per cent. On the mainland, both the CSI 300 Index and the Shanghai Composite Index were little changed.
Gold miner Zijin Mining......
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16.03.26 - 02:06
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Hong Kong regulator sets ′comprehensive′ review of medical insurance costs (SCMP)
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Hong Kong's Insurance Authority aims to increase transparency and the available range of medical insurance products to address rising costs, while also reviewing regulations with an eye towards attracting more international life-insurance buyers.
“We would like to see the insurance companies introduce more medical insurance products that are more accessible and affordable for the general public, with sales practices that are fair to consumers,” said Clement Lau Chung-kin, the authority's......
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15.03.26 - 04:06
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Japan hotels keep luring Hong Kong families, global investors despite geopolitical strains (SCMP)
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For Hong Kong's Topaz Family Office, investing in hotels in Japan holds up as a sound decision even as a Middle East war clouds the macroeconomic environment.
The wealth manager has made Japan a central plank of its pivot into hospitality and real estate over the past two years, driven by a sharp post-pandemic tourism rebound. The investment thesis now looks increasingly robust thanks to multiple structural tailwinds and a growing pool of institutional capital flowing into the same trade.
“Japan......
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14.03.26 - 11:01
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Hong Kong Seeks Advantage in Flight Chaos From Iran War: SCMP (Bloomberg)
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Hong Kong authorities are working with airlines to expand flight capacity and strengthen the city's role as a transfer hub, seeking to capitalize on travel disruptions caused by the war in Iran, the South China Morning Post reported on Saturday, citing Secretary for Transport and Logistics Mable Chan....
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14.03.26 - 06:42
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Developers roll out 360 flats at two Hong Kong projects amid improving sentiment (SCMP)
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Developers launched 360 flats across two projects in Hong Kong on Saturday, as builders continued to test buyer demand amid improving housing sentiment and expectations that future supply could tighten.
The launches included 160 units at Zendo House in Tsim Sha Tsui, developed by Chinachem Group, and 200 units at Cloudview in Sheung Shui, developed by Wing Tai Properties.
As of 12pm on Saturday, 67 units had been sold across the two developments, according to Centaline Property.
“I am confident......
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