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20.11.25 - 09:36
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Hong Kong firms pick Saudi Arabia over mainland China for expansion: HSBC (SCMP)
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Hong Kong businesses are increasingly turning to Saudi Arabia as their top choice for supply chain diversification amid changing trade conditions, according to an HSBC survey.
Nearly a fifth of Hong Kong businesses identified Saudi Arabia as their preferred market to expand production, followed by mainland China at 14 per cent, according to the survey released on Thursday. Interest was strongest among technology, media and telecommunications firms.
Favourable policies bolstered the trend, the......
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20.11.25 - 08:18
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Hong Kong hedge fund founder pays US$74.3 million for luxury Shouson Hill home (SCMP)
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A company associated with Vincent Gao Leyi, the founder of Hong Kong-based hedge fund CoreView Capital, has bought a luxury home in the city's Southern district for about HK$579 million (US$74.3 million), according to official records.
Matrix Properties was identified as the buyer of House 6 at the upscale development No 15 Shouson Hill in one of the city's most exclusive enclaves, Land Registry documents showed.
According to the Companies Registry, Gao serves as a director of Matrix Properties......
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20.11.25 - 03:24
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Hong Kong stocks reverse 4-day slide as Nvidia earnings lift sentiment (SCMP)
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Hong Kong stocks rose for the first time in four days on Thursday, after Nvidia's better-than-expected earnings briefly dispelled Wall Street's concerns about a potential artificial intelligence bubble.
The Hang Seng Index added 0.4 per cent to 25,924.29 at 9.50am local time, halting a decline that started on Friday. The Hang Seng Tech Index fell 0.2 per cent. On the mainland, the CSI 300 Index gained 0.3 per cent and the Shanghai Composite rose 0.1 per cent.
Search-engine giant Baidu rose 2 per......
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19.11.25 - 12:18
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China ′cements global AI leadership′ as Hong Kong builds niche as innovation hub (SCMP)
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China has cemented its position as a global leader in artificial intelligence, while Hong Kong is carving out a niche as a specialised innovation hub, underpinned by the country's strong governance and regulatory competitiveness, according to a global index.
Technology breakthroughs such as the low-cost, highly efficient AI models introduced by start-up DeepSeek, combined with national support, propelled China to the forefront of the global AI race, alongside the US, the European Union and......
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19.11.25 - 11:00
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Hong Kong′s Tsim Sha Tsui holds ground as world′s fourth priciest shopping strip (SCMP)
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Hong Kong's Tsim Sha Tsui remained the world's fourth most expensive retail strip with rents at US$1,515 per square foot per year, as two other core shopping districts in the city – Causeway Bay and Central – also ranked among the Asia-Pacific's priciest shopping locations, according to Cushman & Wakefield.
London's New Bond Street jumped two spots from last year to emerge as the world's most expensive retail district, according to the real-estate services consultancy's 35th “Main Streets Across......
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19.11.25 - 09:36
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Hong Kong, Singapore, Dubai: the rise of the ′family office triangle′ (SCMP)
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Family offices in Hong Kong, Singapore and Dubai are redrawing the global map of private capital. Each hub combines favourable tax and regulatory regimes with strong local networks of banks, advisers and deal makers. Together, they now rival Western centres in deploying private equity across the Global South.
Drawing inspiration from family offices in the United States – where private equity has represented a major share of assets – these Asian hubs are scaling rapidly, positioning themselves as......
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19.11.25 - 09:15
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Aktien Asien: Märkte uneinheitlich vor Nvidia-Zahlen (DPA-AFX)
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TOKIO (dpa-AFX) - Asiens Aktienmärkte haben am Mittwoch uneinheitlich tendiert, wobei die Verlierer überwogen. Nach dem Kursrutsch an den Börsen Japans und Südkoreas am Vortag setzten sich die Abgaben dort mit gebremsten Tempo fort.In ......
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19.11.25 - 04:36
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Hong Kong lenders tread carefully amid mixed recovery signs: TransUnion (SCMP)
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Following the recent rate cut, Hong Kong lenders are cautiously easing household lending as they navigate a recovery that remains uneven and filled with mixed signals, according to credit reference agency TransUnion.
In response to the US Federal Reserve's latest cut, the Hong Kong Monetary Authority – the city's de facto central bank – reduced its base rate to 4.25 per cent in October, its second decrease this year.
That has prompted major banks to lower their prime rates and reduce borrowing......
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19.11.25 - 03:54
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Hiring outlook improves for Hong Kong′s financial sector, recruiters say (SCMP)
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Hong Kong's financial services sector could boost hiring by as much as 15 per cent next year, fuelled by buoyant capital markets and growth in assets under management, according to a global recruitment agency.
The surging equity markets in Hong Kong and mainland China had boosted revenues and budgets for hiring investment professionals and traders, said John Mullally, managing director for Hong Kong at Robert Walters.
The jobs market would be “more functional”, with hiring across the financial......
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19.11.25 - 03:36
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Hong Kong stocks wobble on lofty AI valuations, uncertain Fed policy path (SCMP)
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Hong Kong stocks wavered on Wednesday, with investors taking their cue from Wall Street's overnight decline amid rising doubts over lofty artificial intelligence valuations and the timing of US rate cuts.
The Hang Seng Index advanced less than 0.1 per cent to 25,940.52 at 10.15am local time. The Hang Seng Tech Index added 0.2 per cent. On the mainland, the CSI 300 Index gained 0.4 per cent and the Shanghai Composite Index added 0.2 per cent.
Leading the gainers, search-engine giant Baidu jumped......
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19.11.25 - 02:06
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Hong Kong PolyU′s top AI expert Yang Hongxia eyes ′last mile of generative AI′ (SCMP)
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Chinese artificial intelligence scientist Yang Hongxia, a professor at Hong Kong Polytechnic University (PolyU), is seeking to democratise large language models (LLMs) by empowering hospitals and various enterprises to train their own AI systems.
Yang, who previously worked on AI models at ByteDance and Alibaba Group Holding's Damo Academy, said in a recent interview with the South China Morning Post that her newly formed start-up, InfiX.ai, envisioned a world in which various businesses could......
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18.11.25 - 14:36
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Chinachem secures plot in Hong Kong′s Tsuen Wan for US$318 million (SCMP)
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Chinachem Group has secured a 70,127 sq ft site in Tsuen Wan in the New Territories for more than HK$2.47 billion (US$318 million), beating eight other bidders, according to the Lands Department.
The other bidders were Sun Hung Kai Properties, CK Asset Holdings, Henderson Land Development, Great Eagle Holdings, China Overseas Land & Investment, K. Wah International Holdings, Wheelock Properties and a consortium of Sino Land, Kerry Properties and China Merchants Land.
The award gives Chinachem –......
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18.11.25 - 11:06
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′Extreme fear′: bitcoin crash hits Hong Kong-listed firms tied to digital assets (SCMP)
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Bitcoin continues to plunge as a cryptocurrency sell-off deepens, shaving off gains in share prices that some Hong Kong-listed firms made this year after launching digital asset initiatives.
Bitcoin at one point on Tuesday dropped below US$90,000, more than 4 per cent lower than at the start of 2025, after hitting multiple all-time highs this year.
The world's largest cryptocurrency had “underperformed both gold and the Nasdaq amid risk-off sentiment and tight liquidity, exacerbated by the......
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18.11.25 - 10:48
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Hong Kong′s rich grow richer as stock boom lifts multimillionaires′ wealth, Citi says (SCMP)
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The number of affluent Hong Kong residents has risen slightly, as a stock market boom partly offset the impact of the gradually recovering property sector, according to a Citibank Hong Kong study.
The population with total net assets of at least HK$10 million (US$1.3 million) increased by 1.3 per cent to 395,000 as of mid-June from a year earlier, the bank said.
The bank surveyed more than 2,600 residents aged 21 to 79 in two periods - December 2024 to January 2025 and August to October 2025 -......
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