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15.04.26 - 08:06
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Huaqin′s US$580 million Hong Kong share sale attracts JPMorgan and UBS (SCMP)
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Shanghai-listed Huaqin, one of the world's largest consumer electronics original design manufacturers (ODMs), kicked off a Hong Kong share sale on Wednesday, aiming to raise up to HK$4.55 billion (US$580 million).
The electronics giant – the latest mainland-listed firm to tap Hong Kong's stock market with Beijing's backing – is offering 58.55 million shares, with 10 per cent earmarked for retail investors and the rest for international placement.
The maximum offer price of HK$77.70 per share......
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15.04.26 - 07:30
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China to sell US$2.3 billion bonds in Hong Kong in biggest deal since 2023 (SCMP)
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China is set to raise about 15.5 billion yuan (US$2.3 billion) from a sovereign bond sale in Hong Kong next week, the largest such issuance since 2023 as global investors seek refuge in Chinese assets amid the US-Iran conflict.
The Ministry of Finance said in a statement on Wednesday it would offer the yuan-denominated bonds – its second offshore issuance this year – on April 22. Further details will be released through the Hong Kong Monetary Authority's Central Moneymarkets Unit.
The planned......
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15.04.26 - 04:30
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Hong Kong stocks surge as hopes of US-Iran talks ease oil price fears (SCMP)
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Mainland Chinese and Hong Kong stocks advanced on Wednesday, tracking overnight gains on Wall Street, as renewed optimism over a potential resumption of US-Iran talks eased geopolitical concerns and dragged oil prices lower.
Hong Kong's Hang Seng Index rose 1 per cent to 26,136.71 as of 9.50am local time, extending a 0.8 per cent gain on Tuesday. On the mainland, all major benchmarks traded higher, with both the CSI 300 Index and Shanghai Composite Index climbing 0.4 per cent. The ChiNext Index......
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15.04.26 - 02:06
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How PayMe′s 3.3 million users and Hong Kong firms could start using stablecoins (SCMP)
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For Hong Kong's 3.3 million PayMe users, everyday transactions such as buying coffee or splitting bills with friends could soon involve stablecoins, with HSBC preparing to introduce the digital currency in the second half of this year.
That comes after HSBC Holdings, together with a Standard Chartered-led joint venture, became the first to obtain a stablecoin issuer licence from the Hong Kong Monetary Authority on Friday, marking a breakthrough in the city's digital finance development.
HSBC,......
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15.04.26 - 01:06
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Mainland Chinese buyers fuel 93 per cent surge in Hong Kong property deal value (SCMP)
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Mainland buyers are playing an increasingly prominent role in Hong Kong's housing market rebound, supported by a stronger yuan, rising rents and an influx of new arrivals shifting from tenants to homeowners.
Transactions involving mainland buyers rose 53 per cent year on year to 3,882 units across the primary and secondary markets in the first quarter, according to Midland Realty, citing Land Registry data.
The value of those purchases jumped 93 per cent to HK$42.7 billion (US$5.5 billion).
The......
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14.04.26 - 18:00
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Hong Kong profits tax e-filing: what businesses need to know (SCMP)
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[The content of this article has been produced by our advertising partner.]
Hong Kong is adopting a digital approach to tax administration, with the Inland Revenue Department (IRD) gradually rolling out electronic filing (e‑filing) for profits tax returns. This shift is part of a wider initiative to modernise tax compliance, simplify administrative processes, and strengthen oversight, particularly for businesses with increasingly complex structures.
Who is required to e‑file?
The initial phase......
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14.04.26 - 06:30
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HSBC Hong Kong CEO Sees Rising Wealth Demand (Bloomberg)
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HSBC Hong Kong CEO Maggie Ng says growing interest from new clients in wealth management is driving the bank to invest heavily in infrastructure and digital. Speaking exclusively on the sidelines of the HSBC Global Investment Summit, Ng also discusses the outlook for Hong Kong's real estate sector and the lender's AI transformation. (Source: Bloomberg)...
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14.04.26 - 03:21
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Hong Kong And The Quiet Rewiring Of The Dollar System (ZeroHedge)
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Hong Kong And The Quiet Rewiring Of The Dollar System
Authored by Peter C. Earle, Ph.D,
Hong Kong's decision to move forward with its first stablecoin issuer licenses may prove to be about far more than digital payments. With HSBC and a Standard Chartered-led venture among the first approved issuers under the Hong Kong Monetary Authority's new framework, the city is placing major regulated banks at the center of the next phase of monetary technology. Stablecoins remain overwhelmingly USD- and US Treasury-denominated, with more than 90 percent of the market's roughly $300 billion capitalization tied to the US Treasury by one or the other, but the more important long-term story may be Asia's role in transforming stablecoins from simple crypto settlement tools into the foundation of a real-time, on-chain foreign exchange and collateral ecosystem. In monetary terms, this is one more step in the migration of fiat liabilities from legacy banking rails onto programmable bearer-like instruments, a...
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13.04.26 - 03:06
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Geopolitical tensions may bolster Hong Kong office demand as Gulf capital looks east (SCMP)
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Hong Kong's reputation as a safe haven could be reinforced by the geopolitical shock waves from the US-Israel conflict with Iran, potentially supporting demand for premium office space in its core business districts, according to analysts.
While the city was not insulated from global uncertainty, it could benefit over the medium term as Gulf investors reassessed geographic diversification and sought stable financial hubs, said Jack Tong, director of research and consultancy at Savills Hong......
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12.04.26 - 09:36
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Hong Kong home sales outlook firm even as demand ebbs at Tseung Kwan O project (SCMP)
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While Hong Kong developers have accelerated project launches following the Easter holiday, primary home sales are settling into a measured phase following an earlier surge in demand.
The shift is evident at La Mirabelle I in Tseung Kwan O, where Sino Land and its partners released a third batch of units on Sunday. As of noon, about 60 of the 261 units on offer had been sold, pointing to less urgent demand than in earlier rounds.
The latest batch comprises 33 one-bedroom units, 178 two-bedroom......
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