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30.07.26 - 14:48
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Hongkong Land acquires Singapore′s Wheelock Place in US$900m deal (SCMP)
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Hongkong Land will acquire Singapore's Wheelock Place for about S$1.1 billion (US$900 million) through its Singapore Central Private Real Estate Fund (SCPREF), marking the fund's first acquisition since its launch in February.
The mixed-use commercial property on Orchard Road is being acquired from an entity owned by Hong Kong-listed Wharf Real Estate Investment Company, according to a statement released by Hongkong Land on Thursday. The transaction is expected to conclude by the end of......
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30.07.26 - 12:48
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Hong Kong regulators freeze US$15.9 million linked to suspected IPO fraud (SCMP)
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Hong Kong's securities regulator has frozen more than HK$125 million (US$15.9 million) in assets linked to a suspected market manipulation scheme, as authorities tighten oversight of the city's booming IPO market.
The Securities and Futures Commission (SFC) said on Thursday that it had issued a restriction notice to Futu, prohibiting the brokerage from dealing with or processing up to HK$125.247 million in assets held by an entity suspected of creating artificial demand for shares in an initial......
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30.07.26 - 11:12
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AI stock rout fells Innolight after mega Hong Kong IPO (SCMP)
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Zhongji Innolight fell on its trading debut after Hong Kong's biggest initial public offering in seven years amid souring appetite worldwide for artificial intelligence (AI) shares.
The stock closed down 2 per cent after earlier plunging as much as 10 per cent. Shenzhen-listed shares of Innolight, which supplies AI data-centre operators such as Amazon and Alphabet, tumbled 9.2 per cent, extending declines from a June peak to 38 per cent. Prior to the sell-off, the stock had surged almost 10-fold......
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30.07.26 - 09:13
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Aktien Asien: Gewinne in Japan (DPA-AFX)
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SEOUL/TOKIO/HONGKONG/SHANGHAI (dpa-AFX) - Die asiatischen Aktienmärkte haben sich am Donnerstag ohne klare Tendenz entwickelt. Die Märkte reagierten auf gemischte Vorgaben aus den USA. Während die Zahlen von Microsoft ......
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30.07.26 - 07:30
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Trading hub ambitions see Hong Kong′s gold imports hit 11-year high in June (SCMP)
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Hong Kong's gold imports are set to maintain an upwards trajectory after crossing the 150-tonne mark in June for the first time in over a decade, driven by renewed investor appetite and the city's ambition to transform itself into a premier international precious metals trading hub, analysts said.
The city's gross monthly gold imports reached 150.48 tonnes last month, representing a nearly 29 per cent month-on-month surge, according to data released this week by the Census and Statistics......
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30.07.26 - 03:42
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Zhongji Innolight shares fall on Hong Kong debut amid global AI sell-off (SCMP)
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Zhongji Innolight saw its share price drop as much as 3 per cent after its hotly anticipated debut on the Hong Kong stock market on Thursday, as the Chinese firm felt the impact of a global downturn in investor sentiment towards the artificial intelligence sector.
By 9.33am, it dropped by 2.86 per cent to HK$953.
The Chinese firm – a leading producer of optical transceivers used in AI data centres – had earlier completed Hong Kong's biggest initial public offering of the year, raising HK$53.4......
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30.07.26 - 02:01
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How South Korea′s tech rout hit Hong Kong – and why regulators stepped in (SCMP)
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South Korea's roller-coaster market, driven by sharp swings in semiconductor giants Samsung Electronics and SK Hynix this year, has also reverberated in Hong Kong, where suspected fund embezzlement by a loss-making investment manager and outcry from leveraged-product investors have made headlines.
As an international financial centre, Hong Kong serves as a crucial gateway to access the Seoul stock market, with Futu Holdings – the Nasdaq-listed Chinese broker – just launching South Korea share......
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29.07.26 - 23:00
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Powering Hong Kong′s Future (SCMP)
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As Hong Kong prepares to formulate its first Five-Year Plan (2026–2030), aligning closely with the national 15th Five-Year Plan, the city faces a defining question: how will it power its next stage of development?
For Mr Joseph Law, Managing Director of CLP Power Hong Kong Limited (CLP), the answer begins with recognising electricity as more than a background utility. He believes it must be positioned at the heart of long-term economic strategy.
“Electricity is no longer just a supporting......
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29.07.26 - 13:48
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Hong Kong expands CMU′s global reach with Swiss, Spanish securities link (SCMP)
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Hong Kong's de facto central bank has linked its securities settlement platform with Switzerland's SIX stock exchange, giving its members direct access to securities in the Swiss and Spanish markets.
The Hong Kong Monetary Authority (HKMA) announced the new connection between SIX and its Central Moneymarkets Unit (CMU) platform on Wednesday, while also launching equity post-trade services on the platform for the first time.
The changes are set to boost the CMU's global reach, as well as expand......
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29.07.26 - 11:06
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Why is Zhongji unveiling US$1.2 billion in buy-backs before its Hong Kong debut? (SCMP)
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Zhongji Innolight's buy-back plan worth as much as 8 billion yuan (US$1.2 billion) in the run-up to its offshore listing in Hong Kong may give global investors an anchor for pricing, as the Chinese supplier of US hyperscalers seeks to pre-empt a shaky start to trading in the city.
The Chinese maker of optical transceivers used in artificial intelligence (AI) data centres said it would repurchase its Shenzhen-listed shares for between 4 billion and 8 billion yuan, through its own or borrowed......
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29.07.26 - 09:06
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China′s ATRenew has big plans for Hong Kong′s little-known phone trading hub (SCMP)
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China's largest second-hand electronics platform, ATRenew, plans to use its technology and trading standards to modernise Hong Kong's huge wholesale market for pre-owned devices, as it seeks to make the city a springboard for its global expansion.
The New York-listed company on Tuesday launched FoneSquare – a cross-border business-to-business online marketplace for used electronics – as well as ReRe, a new consumer brand making its debut with a store in Hong Kong.
While the bricks-and-mortar......
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29.07.26 - 04:01
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HSBC to relocate senior executive to Hong Kong amid pivot to Asia: sources (SCMP)
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HSBC Holdings will relocate its group chief people and governance officer, Aileen Taylor, from London to Hong Kong later this year, as the lender doubles down on expanding its Hong Kong and Asia operations, according to sources at the bank.
A source told the South China Morning Post that an internal decision to relocate Taylor to Hong Kong had already been made, as part of a push to strengthen the presence of senior executives in Hong Kong – HSBC's biggest market and its focus of......
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29.07.26 - 02:00
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Hong Kong stocks hunker down for a day packed with Fed decision, jumbo IPO debut (SCMP)
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Hong Kong stocks are gearing up for an eventful day on Thursday, when both a rate decision by the US Federal Reserve and a debut of the city's largest initial public offering (IPO) in seven years coincide to test investors' risk appetite.
An unexpected increase in the US borrowing costs, or even a hawkish tone from new US Fed chairman Kevin Warsh, risks derailing a fragile rebound in Hong Kong stocks, which was aided by a rotation out of high-priced artificial intelligence (AI) bets in......
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