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25.04.26 - 11:42
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Hong Kong developers clear stock amid strong demand and shrinking supply (SCMP)
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Hong Kong developers released nearly 300 new flats to the market amid enthusiastic demand from potential homebuyers as the latest official data show completion of private residential units is set to decline this year and next.
As of 3pm, 138 out of 218 units at the One Victoria Cove Phase I in Hung Hom, jointly developed by Henderson Land Development, Hysan Development and Empire Group, were sold, while at the Pavilia Farm III atop Tai Wai station in Sha Tin by New World Development (NWD) and......
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24.04.26 - 12:00
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Life insurance sales in Hong Kong hit record amid ′rise of millionaires′ (SCMP)
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Life insurance sales in Hong Kong rose 50.6 per cent to another record last year as affluent customers continued to buy policies in the city for wealth transfer, protection and medical needs.
The industry wrote HK$330.9 billion (US$42.2 billion) in new life policies in 2025, compared with HK$219 billion a year earlier, which was also a record, according to data from the Insurance Authority released on Friday.
The continuous growth of the business in recent years was due to more wealthy people......
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23.04.26 - 13:00
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Chinese economist Fu Peng joins Hong Kong-listed Bitfire, hails crypto′s historic rise (SCMP)
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Chinese economist Fu Peng, whose candid remarks about the country's economic ills went viral, has joined a Hong Kong cryptocurrency firm as chief scientist, hailing the “historical” leap of digital assets into mainstream finance despite their current slump.
“[Digital assets] have become mature enough to be added to investment portfolios,” Fu said in Hong Kong on Thursday, addressing audience members at an event organised by his new employer Bitfire Group, a Hong Kong-listed crypto asset......
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23.04.26 - 11:30
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Hong Kong′s Langham group among first to invest in Beijing′s ′city of the future′ Xiongan (SCMP)
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A hotel operator's planned entry into Xiongan New Area southwest of Beijing highlights a tentative but growing alignment between Hong Kong's private sector and the state-backed development project, as leaders renew efforts to accelerate the zone's transformation into a hi-tech growth hub.
Hong Kong-based Langham Hospitality Group, a wholly owned subsidiary of Great Eagle Holdings, said on Thursday that it had signed a management agreement with China Xiongan Group Public Service Management to......
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23.04.26 - 09:00
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Mainland China′s ultra-wealthy numbers rise as Hong Kong tipped for faster growth (SCMP)
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Mainland China's population of ultra-high-net-worth individuals (UHNWIs) – those with assets exceeding US$30 million – has grown by 23 per cent over the past five years to 121,677, and is projected to expand a further 18.8 per cent to 144,602 by 2031, according to Knight Frank.
Despite that growth, China's share of global UHNWIs edged down by one percentage point to 17 per cent this year and was expected to fall further to 15 per cent by 2031, as rapid wealth creation in the United States......
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23.04.26 - 06:54
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AI-driven Hong Kong stock inflows from mainland China slow as investor options multiply (SCMP)
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Mainland Chinese investors have slowed their purchases of Hong Kong-listed shares this year after last year's record inflows, as more artificial intelligence investment opportunities have emerged in mainland markets, according to BNP Paribas.
Southbound inflows via the Stock Connect cross-border system have reached about US$30 billion so far this year, a slower pace than 2025, when they hit US$180 billion for the full year, according to the French bank. The deceleration reflected changing market......
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23.04.26 - 00:30
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What Hong Kong′s conservative stablecoin licence roll-out reveals (SCMP)
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The most revealing fact about Hong Kong's stablecoin launch is not that licences were issued. It is who got them, and who did not. By handing the first approvals to HSBC and the Standard Chartered-led joint venture Anchorpoint Financial, regulators made clear from the start that digital money in Hong Kong will be bank-led.
That choice matters because Hong Kong is not trying to become Asia's easiest venue for cryptocurrency experimentation. Rather, it is trying to become the most credible place......
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22.04.26 - 15:00
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WeWork finds new lease of life in Hong Kong as global uncertainty drives demand (SCMP)
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Global flexible workspace operator WeWork is expanding in Hong Kong as companies scale back long-term office commitments, opening its fifth site in Causeway Bay to tap rising demand for short-term, flexible space amid economic and geopolitical uncertainty.
The new location at Soundwill Plaza II Midtown, owned by Soundwill Holdings, was previously occupied by another co-working operator. WeWork secured the site after competing with several rivals.
“In the current uncertain market outlook,......
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22.04.26 - 14:00
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Hong Kong-Shenzhen tech cooperation gets a boost with Lenovo AI lab in Hetao hub (SCMP)
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Hong Kong's technology cooperation with Shenzhen received a boost on Wednesday as Lenovo Group, the world's biggest personal computer maker, set up an innovation lab at the city's new Hetao tech hub and pledged to help firms adopt artificial intelligence and expand globally.
Lenovo is the first multinational tech firm to publicly announce its presence on the Hong Kong side of the Hetao zone – the Hong Kong-Shenzhen Innovation and Technology Park (HSITP) – which covers 87 hectares in the city's......
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22.04.26 - 13:54
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HKMA and HKAB launch task force for Hong Kong′s Northern Metropolis financing (SCMP)
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The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) announced on Wednesday the joint establishment of the Northern Metropolis Financial Advisory Taskforce, which will explore financing solutions for the development of the city's flagship project.
The Northern Metropolis, a megaproject designed to bolster Hong Kong's economic base and advance its integration with the Greater Bay Area, will transform 30,000 hectares (74,132 acres) of land near the city's border......
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