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11.08.26 - 01:00
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Hong Kong′s commercial property investment growth beats peer Asia-Pacific markets (SCMP)
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Hong Kong's commercial property investment more than doubled to US$3.1 billion in the second quarter, making it the fastest growing investment market in Asia-Pacific thanks to a strong increase in retail and office deals and a low base effect, according to JLL.
The 129 per cent growth from a year earlier beat other top-performing markets including Singapore with 108 per cent growth and Australia with an 82 per cent increase, data tracked by the property consultancy showed.
“Hong Kong's robust......
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10.08.26 - 12:36
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Hong Kong trophy-home demand runs deep, as Stanley luxury sale tops US$19m (SCMP)
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A buyer with the same name as the founding chairwoman of a global immigration consultancy has bought a detached house in a luxury residential development in southern Hong Kong for over US$19 million, adding to a string of big-ticket deals as demand for trophy homes remains resilient despite a broader slowdown.
Yi Bing signed an agreement for the purchase of House 11 at One Stanley on Wong Ma Kok Road on July 27, according to Land Registry records. The four-bedroom, 3,336 sq ft detached house......
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10.08.26 - 09:16
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Aktien Asien: Überwiegend fester zum Wochenauftakt (DPA-AFX)
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SEOUL/TOKIO/HONGKONG/SHANGHAI (dpa-AFX) - Die wichtigsten Aktienmärkte in Fernost sind mehrheitlich mit Kursgewinnen in die neue Börsenwoche gestartet. Positive Impulse lieferten nachlassende Befürchtungen hinsichtlich einer bevorstehenden Zinserhöhung ......
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10.08.26 - 04:06
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As China tightens its tax rules, can Hong Kong remain a magnet for billionaires? (SCMP)
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For decades, Hong Kong has been a magnet for the rich.
From wealthy Chinese setting up family trusts to millionaires migrating from across Southeast Asia, all of them have been sucked in by the city's promise of free capital flows, a trustworthy legal system and extensive financial expertise.
It is a winning combination that helped Hong Kong leapfrog Switzerland as the world's biggest cross-border wealth hub last year, as the city rode a wave of blockbuster listings by Chinese technology......
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10.08.26 - 02:06
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What makes McDonald′s assets stand out amid a weak Hong Kong retail property market? (SCMP)
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One year after McDonald's began selling its self-owned Hong Kong shops, the fast-food giant has found buyers for nearly half its portfolio even as the city's retail property market endures its weakest spell in decades.
McDonald's planned to dispose of all 23 shops in phases, market sources said, with the portfolio initially valued at about HK$3 billion (US$382 million).
Since launching the disposal plan with JLL in July last year, the chain had sold 11 properties for more than HK$900 million –......
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09.08.26 - 18:00
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Can Hong Kong Become Asia′s Blueprint for Sustainable Urban Growth? (SCMP)
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[The content of this article has been produced by our advertising partner.]
Hong Kong has long been a city in motion, where capital, talent and ideas move with remarkable speed. For AtkinsRéalis, a world-class engineering services and nuclear power organisation, the city is more than a strategic base in Asia; it is a place where the future of infrastructure is being designed, tested and scaled.
Hong Kong: a strategic hub for innovation
“Hong Kong plays a pivotal role in our regional strategy,”......
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09.08.26 - 13:24
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Moore Threads plans Hong Kong listing after posting 147% jump in first-half revenue (SCMP)
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Chinese artificial intelligence (AI) chip developer Moore Threads plans to seek a listing in Hong Kong after reporting a 147 per cent jump in first-half revenue, as the Nvidia challenger seeks fresh capital amid booming demand for home-grown computing power.
The Shanghai-listed company said on Sunday that its board had approved a plan to issue H shares and list on the main board of the Hong Kong stock exchange, a move designed to deepen the firm's “international strategic footprint”, attract and......
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09.08.26 - 10:36
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Derelict cinema on scenic Hong Kong island up for auction with a US$1 million price tag (SCMP)
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Peng Chau Cinema, an Instagrammable spot for tourists on an outlying Hong Kong island, will be auctioned off in mid-August at a valuation 30 per cent below estimation after almost 40 years of abandonment – a dormancy lengthy enough to fuel dark rumours among some residents.
The former cinema is currently owned by Far East Hotels and Entertainment Limited, whose major shareholder is Derek Chiu, the sixth son of Deacon Chiu – founder of Far East Consortium.
After its opening in 1978, the site was......
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08.08.26 - 04:00
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Hong Kong′s US dollar peg explained: history, benefits and risks (SCMP)
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As international investors diversify away from US dollar assets and amid the rise of internationalisation of the yuan, there are calls for reviewing the Hong Kong dollar's peg. Here is what to know about the system.
Why is the Hong Kong dollar pegged to the US dollar?
The birth of the peg is closely tied to market uncertainties. The currency was once freely traded and in September 1983 slumped by 48 per cent to a record low of HK$9.60 per dollar when a crisis of confidence occurred as the......
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07.08.26 - 14:42
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Buyer linked to Ningbo′s richest family purchases Hong Kong trophy home for US$18.5m (SCMP)
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A buyer linked to the family behind Ningbo Tuopu Group has acquired a luxury villa in Hong Kong's Tai Po area for HK$145.6 million (US$18.5 million), adding to signs of fresh mainland Chinese wealth making its way into the city's high-end residential market.
Wu Xiaoming agreed to buy a home at Villa Lucca, 7 Lucca Avenue, on July 17 under an off-plan agreement for sale and purchase, Land Registry records showed.
The four-bedroom stand-alone garden house has a saleable area of 5,281 sq ft,......
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07.08.26 - 14:30
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Beijing says 20% offshore insurance tax not new – and does not target Hong Kong (SCMP)
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China's State Taxation Administration (STA) on Friday clarified that the 20 per cent personal income tax imposed on gains from offshore insurance policies was not a new policy – and was not specifically targeting the Hong Kong insurance industry.
The STA urged the market not to overreact to the policy, according to an unnamed official quoted by Shanghai-based digital media outlet The Paper on Friday.
The comments came a day after the share prices of several major Hong Kong-listed financial firms......
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07.08.26 - 12:18
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As US-China pharma rivalry heats up, can Hong Kong′s US$8b fund be the global bridge? (SCMP)
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Hong Kong is stepping up its efforts to invest in a cluster of biotech companies, positioning itself as a linchpin in Beijing's push to reach new levels of innovation and challenge the United States for dominance in the global pharmaceutical market.
Hong Kong Investment Corporation (HKIC), which manages about US$8 billion in assets and is wholly owned by the Hong Kong government, has built a biotech and healthcare technology investment portfolio covering both traditional Chinese and Western......
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07.08.26 - 12:06
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Hong Kong′s Hang Lung Properties names former Starbucks China head Leo Tsoi as new CEO (SCMP)
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Hong Kong developer Hang Lung Properties has tapped Leo Tsoi Tak Lun, CEO of Toys 'R' Us Asia and former head of Starbucks China, as its new CEO and executive director.
Tsoi will join Hang Lung Group and Hang Lung Properties on September 7 as CEO-designate and executive director ahead of formally assuming the CEO role on October 1. He succeeds Weber Lo Wai-pak, who retires on August 31 after serving as CEO for eight years, the developer said in a statement on Friday.
Tsoi's appointment marks......
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07.08.26 - 10:18
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Hong Kong′s US dollar peg faces fresh calls for review – but is change feasible? (SCMP)
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The Hong Kong dollar's four-decade-old peg to the US dollar is facing fresh calls for review, after a local financial industry body urged greater use of the yuan and floated the idea of shifting to a basket of major currencies and gold – though financial analysts argue the current system is likely to remain in place.
The proposal to revisit the pegged exchange rate system was submitted this week by the Hong Kong Securities and Futures Professionals Association (HKSFPA), as the government gathers......
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07.08.26 - 05:24
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Hong Kong′s Iconic Diners Go Global (Bloomberg)
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Hong Kong has exported everything from cinema to finance. Now, its iconic cha chaan teng diners are going global too. Mary Hui explains how these humble cafes have become a symbol of culture, migration and identity. (Source: Bloomberg)...
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