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22.07.26 - 04:30
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Hong Kong tipped to approve hedge fund tax breaks, attracting investment, talent (SCMP)
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Hong Kong's determination to boost its role as a global wealth management hub has raised market expectation that the city will approve a bill offering tax relief to hedge funds within this year.
Speaking at a media briefing on Tuesday, Sandy Fung, KPMG China's partner of tax and alternative investments, said the bill would be passed “soon” by the Legislative Council (LegCo), the city's lawmaking body.
“The bill could attract lots of funds and related talent to settle in Hong Kong, further......
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22.07.26 - 01:36
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Hong Kong′s red-hot rental market forces students to flat-hunt as early as April (SCMP)
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Competition for student housing is intensifying in Hong Kong even as more accommodation comes onto the market, with mainland Chinese students beginning their search for a home months earlier than in previous years and landlords leaving flats vacant to capture the annual influx.
Kenny Zhang, an agent at Youhouse Property who specialises in student rentals, said inquiries from mainland students began arriving from as early as late April this year, compared with late July or August three years......
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21.07.26 - 14:48
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Zhongji Innolight aims for Hong Kong′s biggest IPO in 7 years with US$8b sale (SCMP)
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Zhongji Innolight has attracted more than 30 cornerstone investors for its blockbuster initial public offering in Hong Kong, which could become the city's biggest listing in seven years, according to people familiar with the matter.
The Chinese maker of optical transceivers – which are widely used in artificial intelligence data centres – has already seen nearly half the base share offering for its IPO snapped up by major international and long-only funds including BlackRock, Temasek Holdings......
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21.07.26 - 13:00
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US biotech firm developing therapies for infant brain injuries plans Hong Kong listing (SCMP)
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A US-headquartered biotech firm plans to seek a primary listing in Hong Kong, joining a swelling pipeline of artificial intelligence-powered medical players raising capital in the city.
Axiom Biosciences, which develops experimental therapies for newborns with severe brain injuries by using AI, is targeting at least US$200 million through an initial public offering (IPO) in Hong Kong in 2027, followed by a secondary listing in the US in 2029.
“Some of the most important science in the world is......
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21.07.26 - 11:30
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Landmark insurance policy clears Shenzhen′s flying vehicle for Hong Kong lift-off (SCMP)
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A groundbreaking cross-border insurance policy covering a piloted aircraft has cleared a key regulatory obstacle, allowing the Shenzhen vehicle to take to the sky in Hong Kong.
Shenzhen-based aircraft developer Yivtol recently obtained a policy for an electric vertical take-off and landing (eVTOL) aircraft, underwritten in its home city but issued in neighbouring Hong Kong.
With a total liability of HK$20 million (US$2.6 million) covering the one-year period ending in June 2027, this marks the......
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21.07.26 - 07:06
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SpaceX slump fails to dent Hong Kong tech as investors seen pivoting (SCMP)
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A sharp pullback in US space-technology giant SpaceX and renewed valuation pressure on Wall Street's tech heavyweights are unlikely to trigger a major sell-off in Hong Kong equities, according to analysts, who note that local tech firms operate under distinct business models and lack the stretched valuations of their overseas peers.
“I don't think there will be much impact” in Hong Kong, said Kenny Tang Sing-hing, chairman of the Hong Kong Institute of Financial Analysts and Professional......
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21.07.26 - 03:00
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Fifa effect: Hong Kong developers bet on sport fever to keep shoppers spending (SCMP)
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From attracting tourist spending to live streaming world sports events like the Fifa World Cup, Hong Kong developers have tried to claw their way through a challenging retail market and found a rare boost to shopping malls.
As crowds converged on neighbourhood malls to watch live broadcasts of World Cup matches, restaurants, sportswear retailers and consumer electronics stores were among the biggest beneficiaries.
Sino Group, which spent more than HK$8 million (US$1 million) broadcasting all 104......
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20.07.26 - 12:00
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Hong Kong bourse operator weighs longer trading hours to sharpen hub edge, sources say (SCMP)
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Bourse operator Hong Kong Exchanges and Clearing (HKEX) is considering extending trading hours to align with moves by global peers and sharpen the city's competitiveness as an international financial centre.
HKEX and the Securities and Futures Commission (SFC) confirmed that they were discussing the matter, but did not give details.
The discussion was in an early stage and options included extending the afternoon close to 5pm or even 8pm, two separate sources told the South China Morning Post.......
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20.07.26 - 02:06
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Rule change urged for Hong Kong pension fund to allow wider ETF choice for 4.8m members (SCMP)
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The Chamber of Hong Kong Listed Companies is urging the pension regulator to relax rules so the 4.8 million members of the Mandatory Provident Fund (MPF) can invest more in Hong Kong-listed exchange-traded funds (ETFs), according to its chairman.
“ETFs can provide stable returns to MPF members while charging low management fees,” said chamber chairman Chan Ka-keung in a media briefing last week. “If more members can invest in ETFs, it would [broaden their] choices, while the city would also be......
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