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11.12.25 - 05:42
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JD.com′s Jingdong Industrials rides Hong Kong IPO boom with US$383 million listing (SCMP)
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Jingdong Industrials – the supply-chain arm of China's e-commerce giant JD.com – debuted on the Hong Kong stock exchange on Thursday, raising HK$2.98 billion (US$383 million) after pricing its initial public offering (IPO) in the middle of the marketed range.
Shares were offered at HK$14.10 each and oversubscribed by 60 times, in a deal seen as a test of investor appetite for Chinese supply-chain technology spin-offs in Hong Kong's resurgent listings market.
They fell by 2.6 per cent during......
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11.12.25 - 03:30
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Hong Kong stocks advance on China stimulus bets and Fed interest rate cut (SCMP)
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Hong Kong stocks rose on Thursday as investors bet on fresh stimulus ahead of the Central Economic Work Conference (CEWC), while sentiment was supported by the Federal Reserve's rate cut and chair Jerome Powell's optimism that the US economy will strengthen as the inflationary impact of tariffs fades.
The Hang Seng Index rose 0.6 per cent to 25,689.86 at 10am local time. The Hang Seng Tech Index fell 0.3 per cent. On the mainland, the CSI 300 Index dropped 0.2 per cent and the Shanghai Composite......
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11.12.25 - 02:36
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Hong Kong′s Hang Seng University joins property rush with US$11.6 million office deal (SCMP)
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Hong Kong's Hang Seng University has acquired office units in a commercial building in the New Territories for HK$90 million (US$11.6 million), making it the latest school to purchase real estate amid a government push to turn the city into a global education hub.
The acquisition covers 16 office units measuring 19,139 sq ft on the 11th floor of Metropole Square in Sha Tin, together with four car parking spaces. The seller was listed company Alco Holdings, which manufactures and sells consumer......
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11.12.25 - 01:36
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Late casino tycoon Fu Tak-iam′s family buys Hong Kong serviced flats for US$71 million (SCMP)
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A company linked to the family of late Macau casino pioneer Fu Tak-iam bought a serviced-apartment property in Hong Kong's Wan Chai district for about HK$550 million (US$71 million) amid renewed investor appetite for rental assets in the city.
Pleasure Properties was identified as the buyer of CHI 138, a 107-unit serviced-apartment property at 136 Johnston Road and 2 Stone Nullah Lane, according to the Land Registry. The sale took place on November 11 and was registered on Tuesday.
Companies......
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11.12.25 - 00:36
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Hong Kong pares base rate in salve for borrowers, as a split Fed signals fewer cuts ahead (SCMP)
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Hong Kong's de facto central bank has cut its base interest rate for the third time in three months, lowering the cost of funding to help reboot businesses and ease the burden of mortgage borrowers.
The city's base rate was reduced by a quarter of a percentage point to 4 per cent, according to the Hong Kong Monetary Authority (HKMA) on Thursday. Hours earlier, the US Federal Reserve cut its target rate by the same margin to a range of 3.5 per cent to 3.75 per cent, following the final meeting of......
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10.12.25 - 14:18
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Hong Kong home prices to rise in 2026 on the back of mainland Chinese buyers, rate cut (SCMP)
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Hong Kong home prices are likely to see up to a 5 per cent boost in 2026 on the back of mainland Chinese buyers, interest rate cuts and fewer unsold new flats, according to analysts.
In addition, the stamp duty adjustment and Hong Kong's resurgent stock market were also expected to help sustain stability in the city's residential property market, according to JLL and Cushman & Wakefield.
Those factors, JLL analysts said, were projected to help trim Hong Kong developers' swollen inventory, which......
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10.12.25 - 11:06
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Nio lidar supplier Seyond soars in Hong Kong debut after HK$1 billion de-SPAC merger (SCMP)
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Nio's lidar supplier Seyond Holdings debuted on the Hong Kong stock exchange on Wednesday, through a de-SPAC transaction, merging with special purpose acquisition company TechStar Acquisition and raising a total of HK$1.03 billion (US$132.4 million).
The Silicon Valley-based company, which designs, develops and produces light detecting and ranging sensors for advanced driver assistance systems (ADAS), saw its shares – issued at HK$10 each – jump as high as HK$17.30 in morning trading before......
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10.12.25 - 09:36
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Hong Kong′s IPO juggernaut projected to raise up to US$45 billion in 2026: KPMG (SCMP)
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Hong Kong's initial public offering (IPO) market is expected to raise up to HK$350 billion (US$45 billion) next year, extending the momentum built this year on the back of mainland Chinese public firms and the technology sector.
KPMG forecast on Wednesday that between 180 and 200 applications would drive the fundraising, representing a 28.7 per cent jump in total value and as much as a 100 per cent leap in deal numbers compared with this year.
“We also expect 2026 to be a pivotal year for......
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10.12.25 - 06:36
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JD.com′s US$450 billion stake in Hong Kong Central tower eases Lai Sun debt woes (SCMP)
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JD.com has agreed to acquire a stake in a major office tower in Hong Kong's Central district, mirroring a property move by its rival Alibaba Group Holding and offering a financial lift to the cash-strapped developer Lai Sun Development.
Lai Sun Development and its parent Lai Sun Garment entered into an agreement with Jasmine Investment Development IV Limited, an investment entity of JD.com, to sell its 50 per cent stake in the China Construction Bank Tower for HK$3.5 billion (US$450 million),......
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10.12.25 - 06:18
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Hongkong Land′s leasing deal with major law firm a sign of ′flight to quality′ (SCMP)
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Hongkong Land has secured the return of international law firm Harneys to its office portfolio in the Central business district, in a deal that underscores improved sentiment in Hong Kong's premium commercial property market.
Harneys, which mark its 20th year in Hong Kong in 2025, has signed an eight-year lease for 11,048 sq ft on the 14th floor of Alexandra House, part of Hongkong Land's Landmark complex. The firm, a repeat tenant previously based in Exchange Square, will relocate in February......
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10.12.25 - 03:30
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Hong Kong stocks extend losses as Wall Street caution weighs on sentiment (SCMP)
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Hong Kong stocks fell for the third consecutive day on Wednesday, tracking a lacklustre session on Wall Street, as investors cautiously looked for clues on the US Federal Reserve's policy path next year.
The Hang Seng Index lost 0.5 per cent to 25,382.56 as of 10.05am local time, extending Tuesday's 1.3 per cent loss. The Hang Seng Tech Index dropped 0.1 per cent. On the mainland, the CSI 300 Index fell 0.7 per cent and the Shanghai Composite Index slipped 0.5 per cent.
Pharmaceutical firm WuXi......
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10.12.25 - 02:30
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ASTRI sees AI+ as the transformative force driving innovation and technology in Hong Kong and the GBA (SCMP)
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[The content of this article has been produced by our advertising partner.]
Aligning with the latest direction of I&T development outlined in the Chief Executive's Policy Address – which calls for accelerating AI advancement alongside the development of the Northern Metropolis and the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone (the Loop) – ASTRI has intensified its push for AI+ applications. This initiative integrates AI with patented technologies across fields......
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10.12.25 - 00:36
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China, Hong Kong stocks set to gain nearly 20% in 2026, JPMorgan says (SCMP)
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China and Hong Kong stocks could deliver nearly 20 per cent gains in 2026, supported by resilient global growth, improving earnings and easing competition among e-commerce giants, according to JPMorgan.
The bank expected the MSCI China Index to rebound further as valuations normalised and Beijing's push to curb excess capacity boosted profitability across key sectors, said Wendy Liu, chief China equity strategist at JPMorgan.
“Earnings are giving us confidence,” Liu said during a media briefing......
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