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27.02.26 - 12:54
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Hong Kong developer Sino Land posts steady profit, points to clear market improvements (SCMP)
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Major Hong Kong developer Sino Land posted a steady net profit for the six months ended December, propped up by early gains from a recovery in the city's residential property market.
Sino Land reported a net profit of HK$2.22 billion (US$284 million) in the first half of its current financial year – excluding revaluation losses on investment properties – that was slightly down from HK$2.24 billion a year earlier, according to its Hong Kong stock exchange filing on Friday.
The company's revenue......
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27.02.26 - 09:48
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Merodi debut in Hong Kong shows Pop Mart′s struggle beyond IP darling Labubu (SCMP)
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At Pop Mart's shop in Hong Kong's bustling Causeway Bay shopping district, a display of the toymaker's newly launched character, Merodi, drew little attention on Friday morning.
“A few people are buying it,” a salesperson said. “It's not very well known yet.”
The new series, Merodi After School, features a mischievous little girl with the magical ability to talk to animals. It was created by Taiwanese artist Will Chen Wei-hua.
The launch came two months after Pop Mart's previous debut,......
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27.02.26 - 09:30
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Hong Kong′s ′king of shops′ Edwin Leong sells home on The Peak for US$41.3 million (SCMP)
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Edwin Leong Siu-hung, chairman of Tai Hung Fai Enterprise Group and long dubbed Hong Kong's “king of shops”, has sold a flat in the ultra-exclusive Mount Nicholson enclave on The Peak, saying weak rental returns did not make it worthwhile to hold the property any longer.
Land Registry records showed Leong sold the 4,566 sq ft four-bedroom flat for HK$323 million (US$41.3 million), or about HK$70,740 per square foot. He bought the property in 2016 for about HK$312 million.
While the selling price......
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27.02.26 - 09:15
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Aktien Asien: Überwiegend Gewinne vor dem Wochenende (DPA-AFX)
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TOKIO/SHANGHAI/HONGKONG/SYDNEY (dpa-AFX) - Die asiatischen Aktienmärkte haben sich am Freitag uneinheitlich entwickelt. Dabei blieben die Veränderungen überschaubar. Sie folgten so der durchwachsenen Entwicklung des US-Marktes.Japanische ......
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27.02.26 - 03:18
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Hong Kong stocks head for worst month since October on AI disruption angst (SCMP)
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Hong Kong stocks headed for a monthly decline as jitters about artificial intelligence's potential disruption to traditional industries continued to weigh on investor sentiment.
The Hang Seng Index rose 0.6 per cent to 26,545.09 as of 9.45am on Friday. For the month, the benchmark has dropped 3.2 per cent, the steepest since October. The Hang Seng Tech Index gained 0.9 per cent.
On the mainland, the CSI 300 Index slipped 0.4 per cent and the Shanghai Composite Index retreated 0.1 per cent.
Sun......
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27.02.26 - 00:36
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Hong Kong′s 6.5% stamp duty will not stop luxury homebuyers from mainland China: analysts (SCMP)
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The increase in stamp duty on ultra-luxury homes above HK$100 million (US$12.8 million) is unlikely to change buying behaviour, analysts said, as the structural forces underpinning demand from mainland Chinese buyers could outweigh the impact of the rise in transaction costs.
The Hong Kong government, in the annual budget on Wednesday, increased the tax rate on residential transactions above HK$100 million to 6.5 per cent from 4.25 per cent amid a surge in demand for high-end property from......
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26.02.26 - 17:00
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Hong Kong ignites next wave of global innovation as Start-up Express 2026 opens for application (SCMP)
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[The content of this article has been produced by our advertising partner.]
Hong Kong's trade promotion body has opened applications for the 2026 edition of its Start-up Express programme, as efforts are stepped up to help local tech ventures break into overseas markets and secure commercial partnerships.
Organised by the Hong Kong Trade Development Council (HKTDC), Start-up Express is positioned as a curated development scheme for early-stage companies offering innovative and tech-driven......
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26.02.26 - 13:24
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Hong Kong banks′ collateral asset valuations to continue declining in 2026: S&P (SCMP)
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The value of collateral assets used by banks for commercial property loans is expected to continue declining in 2026, according to S&P Global Ratings, as the sector has yet to find a clear bottom.
“More collateral pain is likely this year for Hong Kong banks,” the credit rating agency said in a report published on Thursday, adding that a subset of small banks could face more acute strain.
That assessment comes as Hong Kong's commercial property market remains on a sustained downturn that started......
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26.02.26 - 11:24
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SHKP, Hong Kong′s bellwether developer, posts 36% jump in first-half net profit (SCMP)
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Sun Hung Kai Properties' (SHKP), Hong Kong's largest developer by market capitalisation, reported a 36.2 per cent year-on-year jump in first-half net profit to HK$10.25 billion (US$1.3 billion).
Revenue rose 32 per cent to HK$52.7 billion for the six months ended December from a year earlier, while operating income increased 10.7 per cent to HK$13.4 billion, the developer said in a filing to the Hong Kong stock exchange on Thursday. Underlying profit, which discounts property revaluations,......
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26.02.26 - 07:54
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Jimmy Lai′s fraud conviction overturned by Hong Kong court in rare legal win for activist (The Guardian)
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Appellate court quashes convictions linked to lease violations but Lai may still spend rest of his life in prisonA Hong Kong appellate court on Thursday overturned fraud convictions against the media mogul Jimmy Lai, a rare victory in the prominent pro-democracy activist's legal battles.Lai, 78, an outspoken critic of China's ruling Communist party who founded the now defunct Apple Daily, will stay in prison because weeks ago he was sentenced to 20 years after being convicted in another case brought under a China-imposed national security law. Continue reading......
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