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28.07.26 - 12:12
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Hong Kong′s Exchange Fund first-half earnings fall 37% on equity slump, softer bond income (SCMP)
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The Exchange Fund, the war chest used to defend the local currency, reported a 37 per cent decline in first-half earnings as losses in Hong Kong equities and weaker bond returns weighed on performance, the Hong Kong Monetary Authority (HKMA) said on Tuesday.
Earnings stood at HK$134.7 billion (US$17.17 billion), down from the record half-year return of HK$214 billion in 2025.
The Hong Kong stock portfolio swung to a HK$11.8 billion loss from a HK$22.9 billion gain a year earlier.
The Hang Seng......
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28.07.26 - 10:00
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Hong Kong′s Asean charm offensive bags US$1.5 billion Malaysian bond listing (SCMP)
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Hong Kong's push to draw Southeast Asian companies and markets into its financing orbit has scored a milestone, with the Malaysian government preparing to list a US$1.5 billion Islamic bond in the international financial centre later this week.
The dual listing – sold on Bursa Malaysia and Hong Kong Exchanges and Clearing (HKEX) – marks the first concrete result of a visit to Kuala Lumpur led by Secretary for Financial Services and the Treasury Christopher Hui Ching-yu last week.
The offering......
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28.07.26 - 04:48
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CATL-backed smart driving tech firm to kick off Hong Kong IPO this week: sources (SCMP)
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NASN Intelligent Tech, a mainland Chinese smart driving motion control technologies company, is seeking to kick off its initial public offering (IPO) as soon as Thursday, according to people familiar with the matter.
The company, backed by battery giant Contemporary Amperex Technology Ltd (CATL), recently passed its listing hearing, signalling it could kick off its book building anytime. Debuts are scheduled for August 7, the sources said, requesting not to be identified as the information is......
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28.07.26 - 02:06
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Singapore-based investors now the top non-local buyers of Hong Kong office assets (SCMP)
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Singapore-based investors have become the largest group of non-local buyers of commercial properties in Hong Kong, drawn by the sizeable correction in the prices of distressed assets amid a slump in the city's office segment, according to Colliers.
The demand from Singapore was likely to remain steady in the coming months, given that the prices of office assets have declined by as much as 50 per cent, according to Thomas Chak, head of capital markets and investment services at the property......
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27.07.26 - 15:54
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Hong Kong banks in early stages of preparing for quantum computing threats, HKMA says (SCMP)
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Hong Kong's banking sector is still in the early stages of preparing for cybersecurity risks posed by quantum computing, the city's de facto central bank said on Monday as it unveiled a new benchmark to track the industry's readiness.
The Hong Kong Monetary Authority (HKMA) launched its first Quantum Preparedness Index (QPI), which gave the sector a score of 2.3 out of 10, indicating that most banks are still building the foundations for a transition to the quantum era.
The index, based on a......
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27.07.26 - 10:42
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7 Hong Kong developers bid for waterfront project as Kowloon renewal gathers pace (SCMP)
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Hong Kong's Urban Renewal Authority (URA) received seven tender submissions for a major waterfront residential redevelopment project in Hung Hom, drawing bids from some of the city's largest developers despite a subdued land market.
The authority said on Monday that seven developers submitted tenders for the project before the noon deadline. A tender review panel under the URA board will assess the bids before making recommendations, with the board to decide on the successful......
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27.07.26 - 08:00
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Hong Kong home sales recovery expected to boost developers′ earnings (SCMP)
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Hong Kong property developers are expected to report stronger first-half earnings in the coming weeks, buoyed by a rebound in home sales and improving development margins, as investors look for clues on whether the sector's recovery is sustainable.
Bank of America Global Research expected Hong Kong developers and conglomerates to post average core net profit growth of 8 per cent year on year, excluding New World Development, according to a report published on July 15.
“We expect the Hong Kong......
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