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26.06.26 - 10:06
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Hong Kong reports 36% rise in FDI inflows so far this year, InvestHK data shows (SCMP)
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Hong Kong continued to draw US and European firms to expand their businesses in the city in the first half of this year, the latest data shows, adding new momentum to its superconnector role.
A total of 413 companies either set up local entities or expanded their businesses in Hong Kong in the first six months of 2026, representing a year-on-year increase of 9 per cent, government investment promotion agency InvestHK said on Thursday.
“[The firms] are expected to bring in over HK$53 billion......
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26.06.26 - 07:30
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CK Asset sells penthouse in Hong Kong′s Mid-Levels for US$48.5m, sets pricing benchmark (SCMP)
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A penthouse at CK Asset Holdings' luxury residential project in Hong Kong's Mid-Levels has been sold via tender for HK$380.77 million (US$48.5 million), according to a statement from the flagship property developer of tycoon Li Ka-shing, underscoring the rebound in the city's high-end residential segment.
Unit 10 on the 20th floor of 21 Borrett Road in the upscale district in Central fetched HK$126,000 per square foot, the highest price for the development and for new home sales this year,......
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26.06.26 - 06:24
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Lingyi iTech Rises in Hong Kong Debut (Bloomberg)
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Kathy Zeng, Chairwoman of Apple supplier Lingyi iTech, says the company has secured major clients in both the US and China as it expands into the humanoid robotics sector. She speaks with Bloomberg's Minmin Low on "Bloomberg: The China Show". (Source: Bloomberg)...
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26.06.26 - 05:48
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Hang Seng Index heads for worst week in over a year as renewed sell-off engulfs tech names (SCMP)
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Stocks in Hong Kong and on mainland China tumbled on Friday, as a fresh bout of sell-offs in technology companies put the city's equity benchmark on track for its worst weekly performance in more than a year.
The Hang Seng Index fell 2.3 per cent to 22,538.65 as of 11.38am local time, heading for a 5.8 per cent loss this week. If the rate of decline holds until the close, it will be the biggest drop for the five-day period since April 11, 2025.
The Hang Seng Tech Index dropped almost 4 per......
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26.06.26 - 04:03
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China′s Crackdown Threatens Hong Kong′s IPO Boom And Offshore Wealth (ZeroHedge)
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China's Crackdown Threatens Hong Kong's IPO Boom And Offshore Wealth
China's latest push to choke off capital flight is starting to hit Hong Kong right where it hurts, according to a new feature from Bloomberg.
For years, the city has served as the main offshore escape valve for mainland wealth — the place where Chinese founders, executives and wealthy families parked money, opened private bank accounts, bought property and set up family offices. Now Beijing is tightening that channel, raising questions about whether Hong Kong can remain Asia's go-to offshore wealth hub.
Bloomberg writes that the latest measures include roughly $330 million in penalties against three brokerages widely used by Chinese investors to access offshore markets, along with tighter scrutiny of banks, trust structures and wealthy individuals moving money abroad. Advisers in Hong Kong say clients quickly began asking whether their accounts could be affected and whether more restrictions are coming. As one lawyer pu...
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26.06.26 - 01:00
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IPO Connect pitched as Hong Kong′s next move to boost finance hub role. But hurdles loom (SCMP)
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Hong Kong is seizing every opportunity to consolidate its role as a global financial centre, leveraging unique advantages and national strategies. This piece, the second in a miniseries focusing on the city's financial industry ahead of the handover anniversary, explores the likelihood of an “IPO Connect” that could inject much-needed liquidity into the market and deepen international investors' access to top-tier China assets.
At every summer's Lujiazui Forum, attended by China's top financial......
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26.06.26 - 00:06
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HKEX pushes deeper into index business as AI reshapes Hong Kong market (SCMP)
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Hong Kong Exchanges and Clearing (HKEX) is expanding into the index business with plans to launch more proprietary benchmarks and related investment products, as traditional market gauges have lagged regional peers during the artificial intelligence-driven technology rally.
The operator of Hong Kong's stock exchange will debut the first exchange-traded fund (ETF) tracking its HKEX Tech 100 Index on Friday. The index, launched on December 9, tracks the 100 largest technology companies listed in......
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25.06.26 - 23:36
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Why Hong Kong′s bilingualism is uniquely indispensable in the AI era (SCMP)
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Last week, while preparing a lecture on the visual culture of the Global South, I caught Google's Gemini in a double hallucination. Cross-referencing a historical event between English and Chinese data sets, I found the English AI to be authoritative but inventing citations. In Chinese, the fabrications vanished but so did global context, replaced by an insular perspective.
Disturbingly, the system cloaked Chinese content in English citations, creating a deceptive authenticity that made the......
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25.06.26 - 09:12
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Hang Seng Index briefly slips below 23,000 as Alibaba leads tech sell-off (SCMP)
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Hong Kong stocks fell, briefly driving the benchmark below the 23,000-point mark for the first time in a year, as technology companies led the decline
The Hang Seng Index slid by as much as 1.8 per cent to 22,992.62. If the decline is sustained, the benchmark would close below the threshold of 23,000 for the first time since June last year. It recently traded at 23,024.69 as of 3:03pm local time.
On the mainland, the CSI 300 Index closed up 1.56 per cent.
Alibaba Group Holding slumped 4.2 per......
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25.06.26 - 09:00
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Chinese PCB equipment maker CFMEE tops 1,000-times oversubscription in Hong Kong IPO (SCMP)
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Circuit Fabology Microelectronics Equipment (CFMEE), a Chinese lithography and integrated-circuit manufacturer, has seen massive oversubscription in Hong Kong, as investors aggressively chase high-growth technology themes.
The company, based in Hefei, Anhui province, is scheduled to debut on Friday and saw its initial public offering oversubscribed 1,009 times, according to industry sources. It is priced at the top end at HK$252.73 (US$32.23) per share, as the market eagerly watches its......
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25.06.26 - 05:30
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A tale of two cities: can Shanghai challenge Hong Kong′s offshore finance crown? (SCMP)
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Hong Kong has been seizing every opportunity to consolidate its role as a global financial centre, leveraging unique advantages and national strategies. In the first piece of our miniseries focusing on the city's financial industry ahead of the handover anniversary, we examine what Shanghai's rapid development of offshore markets means to Hong Kong.
Beijing's latest push to strengthen Shanghai's offshore financial capabilities is prompting fresh questions about whether Hong Kong's long-standing......
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