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30.10.26 - 06:00
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Hong Kong banks face growing pile of repossessed homes as sales slow (SCMP)
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Hong Kong banks are facing a growing backlog of repossessed homes as aggressive pricing by developers draws buyers towards new projects, leaving fewer buyers for second-hand properties being sold by mortgagees.
The number of residential properties listed for sale by mortgagees rose 30 per cent in the third quarter to sit at 262 at the end of September, a four-quarter high, according to Centaline Property.
The increase of 61 properties was the largest since records began in the fourth quarter of......
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30.10.26 - 02:01
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New chapter in creative design begins in Hong Kong (SCMP)
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[The content of this article has been produced by our advertising partner.]
With its upcoming flagship exhibition DesignInspire 2026, the Hong Kong Trade Development Council (HKTDC) will offer trade professionals to design enthusiasts and members of the public the opportunity to view and experience the design ideas and influences shaping our living environment.
Co-organised by the Hong Kong Design Centre and with the Cultural and Creative Industries Development Agency (CCIDA) as lead sponsor,......
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30.10.26 - 02:01
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Traders await Hong Kong′s marquee financial summit: a good omen for stocks? (SCMP)
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Investors are gearing up for a high-stakes financial summit in Hong Kong next week, an event that has historically coincided with gains in the city's stock market while underscoring its standing as a global financial hub.
The annual Global Financial Leaders' Investment Summit enters its fifth year on Monday with a welcome dinner, followed by two days of panel discussions with senior executives. Major economic trends, shifts in financial markets and the impact of technological advances on......
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29.10.26 - 17:00
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Securing a Global Giant: HKSTP Lands Merck to Power Hong Kong′s I&T Ambitions (SCMP)
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[The content of this article has been produced by our advertising partner.]
As Hong Kong pushes towards its first Five-Year Plan target of raising R&D expenditure to 3% of GDP, the city's largest I&T flagship, Hong Kong Science and Technology Parks Corporation (HKSTP), is taking a more aggressive approach to bring in global capabilities. Under the leadership of CEO Terry Wong, HKSTP is aligning its strategy directly with the national 15th Five-Year Plan and Hong Kong's first Five-Year Plan. To......
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29.10.26 - 17:00
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DBS Vantage Card Elevates the DBS Treasures Experience with Hong Kong′s First Visa Infinite Privilege Card (SCMP)
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[The content of this article has been produced by our advertising partner.]
The first DBS Hong Kong Visa Infinite Priviledge Card has finally arrived. The “DBS Vantage Card" marks a new chapter in affluent banking as we see a stronger connection has been built through wealth, travel and lifestyle in the recent years. This card brings together premium payment privileges; cross-border convenience and curated lifestyle experiences in a single tap.
According to Emily Ip, Head of Cards and Unsecured......
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29.10.26 - 09:06
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CK Asset pauses Hong Kong sales launch at Yuen Long′s Montage development (SCMP)
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CK Asset Holdings has suspended sales at its Yuen Long residential project Montage, days before it planned to begin marketing the development's first homes.
The developer confirmed the suspension to the South China Morning Post but declined to explain the abrupt decision, saying only that it reserved the right to pause or commence sales at any time. It dismissed market speculation that the government had revoked the project's presale consent as baseless.
The move followed Moni Yeung, deputy......
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29.10.26 - 07:06
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Hong Kong poised for capital inflow amid unrest in France, Middle East war: AllianzGI (SCMP)
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Recent unrest in Europe and the Middle East war could prompt investors to seek greater diversification, potentially driving capital inflows to Asian markets including mainland China and Hong Kong in coming months, according to a senior executive of Allianz Global Investors (AllianzGI), one of Europe's largest fund houses.
Julie Koo, head of distribution in Asia-Pacific for the company, said the recent protests in France, Italy and Spain would lead investors to review and adjust their exposure to......
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29.10.26 - 04:00
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Regulatory tightening in Hong Kong sees delistings outnumber resumptions: report (SCMP)
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The tightening of Hong Kong's securities regulations – in the wake of property developer Evergrande's liquidation and unrelated IPO frauds – has resulted in more delistings than resumptions for the first time in three years, according to a report by accountants Grant Thornton.
Hong Kong saw 35 delistings in the 12 months to August this year but only 21 resumptions, the report said.
“Regulators have comprehensively tightened resumption requirements,” said Barry Tong, national leader of forensic......
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29.10.26 - 02:01
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Veteran investor snaps up 2 Hong Kong street shops as values remain well below peaks (SCMP)
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Private equity veteran Ramon Lo has bought two ground-floor shops on Swatow Street in Wan Chai for HK$32.5 million (US$4.1 million), at a time when prices in the district remain about one-third below previous levels.
Land Registry records showed that the properties were acquired by Smart Golden Co, whose director is Lo, a partner and executive director at private equity and advisory firm Symphony Capital Partners.
Lo, a descendant of the Lo Hin-shing family, whose patriarch was among Hong Kong's......
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29.10.26 - 00:12
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Hong Kong holds base rate at 4.25% after US Federal Reserve decision (SCMP)
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The Hong Kong Monetary Authority (HKMA) announced on Thursday that it would keep its base rate unchanged at 4.25 per cent, hours after the US Federal Reserve also decided to hold its benchmark rate steady.
The city's de facto central bank often mirrors steps taken by the US Fed as the Hong Kong's currency is pegged to the US dollar. In September, it followed the Fed in raising its key interest rate by a quarter of a percentage point – the first such increase since 2023.
The US Federal Open......
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28.10.26 - 23:00
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Beijing wants Hong Kong to sow the seeds for the digital yuan. Will its plans bear fruit? (SCMP)
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In September, Chief Executive John Lee Ka-chiu unveiled the city's first five-year plan along with his policy address, highlighting Hong Kong's strategic role in promoting the greater use of the yuan outside mainland China as a key priority. In the third part of a four-part series on the globalisation of the yuan, Xinmei Shen explores how Hong Kong is testing the interoperability of the e-CNY and other digital assets in an effort to broaden the currency's international appeal.
In a US Senate......
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