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15.06.26 - 14:30
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China Evergrande liquidators seek judicial review of SFC agreement with PwC Hong Kong (SCMP)
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The liquidators of China Evergrande Group are in a legal battle with the city's market regulator over its settlement agreement with PricewaterhouseCoopers (PwC) Hong Kong, claiming that the agreement leaves creditors HK$1 billion (US$128 million) worse off, according to a court document released on Monday.
The writ filed with Hong Kong's High Court seeks leave to apply for a judicial review of the Securities and Futures Commission's (SFC) agreement with PwC Hong Kong and an order preventing the......
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15.06.26 - 08:36
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Hong Kong developer Lai Sun seeks note swap in bid to ease liquidity pressure (SCMP)
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Hong Kong developer Lai Sun Development, chaired by businessman Peter Lam Kin-ngok, who also chairs the city's Tourism Board, has launched an exchange offer for its outstanding US$493 million worth of 5 per cent guaranteed notes due July 2026, in an effort to relieve short-term liquidity pressures, the company said Monday in a filing to the Hong Kong stock exchange.
Eligible noteholders can swap their existing holdings for new, US dollar-denominated senior guaranteed notes carrying an 8 per cent......
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15.06.26 - 04:30
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HSBC mobile app glitch locks out Hong Kong customers on Monday morning (SCMP)
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HSBC, the biggest lender in the city with over 7 million customers in Hong Kong, had its mobile banking service interrupted, with many customers complaining they could not log on to the system on Monday morning.
More than 10 HSBC customers contacted the South China Morning Post on Monday morning saying they were unable to log into the mobile banking since 9am.
The mobile banking app showed a message saying “access is restricted until we have your valid email address and mobile number,” even......
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15.06.26 - 03:48
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Hong Kong stocks rally after US says it reaches deal with Iran over oil flow (SCMP)
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Hong Kong stocks kicked off the week's trading on a strong note on Monday after the US said that it sealed a deal with Iran to reopen the Strait of Hormuz and lift the blockade by the US Navy, sparking a “risk-on” mode across asset classes.
The Hang Seng Index rose 0.8 per cent to 24,919.40 as of 9.30am local time. The Hang Seng Tech Index gained 1.5 per cent. On the mainland, the CSI 300 Index climbed 1 per cent.
Asian stocks also rallied. South Korea's Kospi index, at the centre of the AI......
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15.06.26 - 01:00
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Lower bar to entry for innovative companies to list in Hong Kong, says chamber (SCMP)
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The Chamber of Hong Kong Listed Companies (CHKLC) is urging Hong Kong to further lower the bar for innovative companies to go public in the city, so as to encourage more technology firms to raise funds here, according to the chamber's chairman.
The Hong Kong Exchanges and Clearing (HKEX) unveiled its biggest listing reforms since 2018 in March, expanding the scope of businesses eligible for listing under a weighted-voting rights regime and redefining its classification for innovative companies,......
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14.06.26 - 13:00
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Demand from mainland Chinese students lifts Hong Kong rents, draws investors to flats (SCMP)
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Mainland Chinese students are increasingly paying a year's rent – and sometimes much more – upfront to secure homes near Hong Kong's universities, helping to push residential rents to record highs and drawing investors back to small flats once marketed for first-time buyers.
The trend is becoming increasingly visible as the city's summer student-leasing season gets under way.
A mainland Chinese PhD student recently agreed to pay nearly HK$700,000 (US$89,332) upfront to rent a two-bedroom flat at......
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14.06.26 - 10:24
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Hong Kong commercial landlords may bet on investment to curb tenant loss from AI: analysts (SCMP)
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Hong Kong's older office assets and their struggling landlords could face more challenges as the wider adoption of artificial intelligence (AI) by firms in the city leads companies to relocate to newer buildings that better support their requirements, according to real estate consultancy Knight Frank.
AI is poised to usher in more changes in Hong Kong's commercial office space, and landlords may have to act fast to either refurbish their assets or convert them for new uses, said Lee Elliott,......
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14.06.26 - 10:00
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European wealth turns to Hong Kong as 30 family offices eye operations in the city (SCMP)
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Around 30 European family offices have expressed interest in establishing operations in Hong Kong, drawn by the city's tax incentives and growing optimism about the prospects for China's technology sector and Hong Kong's property market, according to InvestHK and industry participants.
Jason Fong, InvestHK's global head of family office, said the government agency was assisting 30 European family offices that had indicated plans to set up in the city, accounting for about 19 per cent of the 160......
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12.06.26 - 15:48
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China′s Nvidia challenger MetaX eyes Hong Kong share sale to fund AI ambitions (SCMP)
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MetaX, a Shanghai-based graphics processing unit (GPU) designer, said on Friday that it plans to pursue a Hong Kong listing, less than half a year after its debut on Shanghai's technology-focused Star Market.
The company said in a filing that the proposed H-share offering would support its business expansion, strengthen corporate governance and competitiveness, and advance its international growth strategy.
MetaX plans to issue H shares equivalent to no more than 5 per cent of its enlarged share......
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12.06.26 - 13:00
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The SpaceX factor: Hong Kong stocks face liquidity test from mega IPO (SCMP)
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This is part of a series on the global impact of SpaceX's historic IPO, tracing how mainland Chinese investors' strategies, the Hong Kong market and wider capital flows are being reshaped by Elon Musk's trillion‑dollar rocket gamble.
While the world witnesses a new fundraising record in the coming listing of SpaceX – and the emergence of its CEO Elon Musk as the first-ever trillionaire – Hong Kong stocks face a critical liquidity test, as market enthusiasm reshapes fund flows and recalibrates......
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