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08.04.26 - 12:36
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More global firms eye Hong Kong for cheaper yuan loans, bonds: StanChart (SCMP)
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More companies are using Hong Kong as a platform to tap yuan funds to finance their operations, thanks to the city's active capital market and a new 200 billion yuan (US$28.68 billion) liquidity facility that provides steady, cheap yuan funding, according to a Standard Chartered report on Wednesday.
Among companies that have yuan exposure, about 24 per cent said they would like to increase yuan financing over the next three years, according to Standard Chartered, citing the results of a survey......
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08.04.26 - 08:54
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China′s Sigenergy Technology seeks US$561.6 million from Hong Kong IPO (SCMP)
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China's fast-growing energy storage sector is drawing fresh interest from capital markets, with Sigenergy Technology becoming the latest to tap Hong Kong for funding, as companies ride a global push for renewable energy.
The Shanghai-based firm was seeking to raise about HK$4.4 billion (US$561.6 million) via an initial public offering (IPO), according to its prospectus on Wednesday, as investor appetite builds around battery storage and smart energy systems that complement solar and electric......
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08.04.26 - 05:00
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Hong Kong stocks jump as risk appetite returns after US and Iran agree on ceasefire (SCMP)
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Hong Kong stocks surged alongside other markets in Asia on Wednesday, as the US and Iran struck a two-week ceasefire, reviving demand for risk assets that was pummelled by surging oil prices and fear of global stagflation.
The Hang Seng Index rose 2.7 per cent to 25,801.54 points as of 10.38am local time, reopening trading after three days of public holidays. The mainland's CSI 300 Index climbed 1.7 per cent and the Shanghai Composite Index added 1 per cent.
The tentative ceasefire came just......
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08.04.26 - 02:00
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Barclays boosts Hong Kong presence to tap thriving IPO market, global CEO says (SCMP)
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UK lender Barclays plans to continue growing its investment bank in Hong Kong, using the city as a platform to capture the growing fundraising needs in Asia and the rising opportunities from the internationalisation of the yuan, according to its global CEO.
“Asia and Hong Kong are very important areas for us,” said C.S. Venkatakrishnan, global CEO of Barclays, in an interview with the South China Morning Post during a recent visit to the city. “In Hong Kong, our investment banking team is......
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08.04.26 - 01:18
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Sold-out auctions suggest Hong Kong′s art market is back. But is it? (SCMP)
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White gloves are traditionally given to an auctioneer if every single lot in a sale finds a buyer, a ceremonial touch that adds to the drama of these infrequent events. In March, during Hong Kong art week, the city saw two “white glove” auctions, which certainly raised hope that its multi-year auction market slump is finally over.
The first of these milestone events occurred on March 27, when Christie's 20th/21st Century Evening Sale was 100 per cent sold. The auction was led by Gerhard......
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07.04.26 - 13:36
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Chinese AI glasses maker Rokid planning Hong Kong IPO: sources (SCMP)
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Rokid, a Hangzhou-based maker of smart glasses, is preparing to file for a Hong Kong listing as early as the end of April, according to sources familiar with the matter, as artificial intelligence-powered eyewear gains traction in the mainstream market.
The planned listing comes as global and domestic technology groups including Meta Platforms and Apple, as well as China's Alibaba Group Holding – through the brand name Quark – Baidu, Xiaomi and Huawei Technologies, all rush into the market.......
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07.04.26 - 07:30
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Hong Kong property launch sees brisk sales as buyers unfazed by Trump′s Iran warning (SCMP)
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Hong Kong homebuyers flocked to the second round of new flat sales at the La Mirabelle I project in Tseung Kwan O, underscoring continuing demand for property amid escalating tensions in the Middle East.
By noon, 72 of the 168 units had been sold, according to agents. Another 86 flats have been made available via tender.
The flats via the regular sale were priced between HK$5.93 million (US$756,000) and HK$8.99 million, including maximum discounts of 15 per cent. They were priced 1 per cent......
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06.04.26 - 12:36
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Hong Kong developers test homebuyers with modest price increases after sell-outs (SCMP)
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Hong Kong developers are raising prices of new homes this week following sold-out launches in recent days, further testing the appetite of homebuyers amid geopolitical and interest rate uncertainties.
Henderson Land Development put another 39 units at its Chester project in Hung Hom on sale on Monday, with 25 homes finding buyers as of 5pm, according to agents.
With an average discounted price of HK$22,198 (US$2,831) per square foot, the units were priced 4.57 per cent higher than the 123 units......
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06.04.26 - 09:24
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Aktien Asien: Nikkei 225 und Kospi legen zu (DPA-AFX)
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SEOUL/TOKIO (dpa-AFX) - In Asien haben die Aktienmärkte in Japan und Südkorea am Montag wegen eines Berichts über Verhandlungen über einen möglichen Waffenstillstand im Nahen Osten zugelegt. Allerdings hielt sich der Optimismus angesichts der gleichzeitig ......
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06.04.26 - 09:24
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Aktien Asien: Nikkei 225 und Kospi legen zu (Cash)
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- In Asien haben die Aktienmärkte in Japan und Südkorea am Montag wegen eines Berichts über Verhandlungen über einen möglichen Waffenstillstand im Nahen Osten zugelegt. Allerdings hielt sich der Optimismus angesichts der gleichzeitig anhaltenden gegenseitigen Drohungen der Kriegsparteien Iran und Vereinigte Staaten und des weiter anziehenden Ölpreises in Grenzen....
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06.04.26 - 07:00
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Hong Kong′s MPF set to report worst performance in 3 years in March (SCMP)
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Hong Kong's Mandatory Provident Fund (MPF) is poised to report a loss of over HK$100 billion (US$12.8 billion) for March this week, its worst monthly loss in dollar terms since its inception 25 years ago.
The sharp fall in global stock markets last month hit the MPF hard, while the uncertainties ahead stemming from the Middle East conflict have led the pension regulator and analysts to urge the 4.8 million members to adopt a diversified approach.
The 378 MPF investment funds suffered a HK$103.3......
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06.04.26 - 04:06
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Return of overseas hires meets tighter housing supply, driving up Hong Kong luxury rents (SCMP)
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Rents in Hong Kong's luxury housing market are rising as supply tightens, with returning overseas professionals heating up the competition to secure prime homes.
The rebound is most evident in traditional upscale districts such as The Peak and Southside, where leasing activity has picked up sharply this year. Transactions reached 108 in the first quarter, with more than 40 per cent involving monthly rents above HK$100,000 (US$12,760), according to Midland Realty.
At the centre of the surge is......
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05.04.26 - 10:00
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How changes in home rental laws in England will impact Hong Kong, mainland investors (SCMP)
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A proposed cap on the ground rents paid by leasehold homeowners in England and Wales is seen as favouring foreign property investors, including those from Hong Kong and mainland China, but another measure tightening rules in setting rents is dampening demand ahead of its implementation, according to analysts.
An estimated 203,000 homes in England and Wales are registered to owners with an overseas address. Hongkongers hold 14 per cent, making them the largest group of foreign investors in the......
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