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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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09.12.25 - 12:30
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Hong Kong eyes info sharing on crypto assets to combat tax fraud, evasion (SCMP)
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Hong Kong has launched a public consultation regarding a system for sharing information on crypto assets with other governments in compliance with international standards as the city ramps up initiatives to develop as a digital-asset hub.
The government has invited members of the public to share views about the implementation of the Crypto-Asset Reporting Framework (CARF) and amendments in relation to the Common Reporting Standard (CRS) put forward by the Organisation for Economic Co-operation......
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09.12.25 - 10:42
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Hong Kong financial hub gets gold star for governance, but red flag on readiness (SCMP)
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Hong Kong boasts the strongest institutional environment of any major financial hub but lags in growth and future readiness, according to a new index launched by New York University Abu Dhabi on Tuesday.
The inaugural Financial Centres Competitiveness Index (FFCI), unveiled at Abu Dhabi Finance Week, ranked Hong Kong fourth overall, behind New York, London and Singapore.
The index is built around two main criteria. On “footprint” – a measure that reflects the current scale and activity of......
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09.12.25 - 09:24
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HashKey aims for US$214 million in Hong Kong IPO amid Beijing′s crypto pressure (SCMP)
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Crypto exchange operator HashKey Holdings has launched its share sale in Hong Kong, testing investor appetite amid repeated warnings against virtual currencies by China's central bank.
Hong Kong's largest licensed crypto player set its initial public offering (IPO) price range at HK$5.95 to HK$6.95 apiece for more than 240 million shares, according to a filing on Tuesday. The listing date is December 17.
With the price range, HashKey is eyeing up to HK$1.67 billion (US$214 million). In October,......
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09.12.25 - 04:36
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Hong Kong launches HKEX Tech 100 Index in pivot towards innovation-driven growth (SCMP)
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Hong Kong Exchanges and Clearing has launched its first equity index tracking Hong Kong-listed technology companies, underscoring the city's ongoing shift from a market long dominated by property and finance towards innovation-driven growth.
Unveiled on Tuesday, the HKEX Tech 100 Index tracks 100 large-cap and mid-cap companies spanning artificial intelligence, biotech and pharmaceuticals, electric vehicles and smart driving, information technology, internet and robotics, according to the HKEX......
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09.12.25 - 03:30
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Hong Kong stocks extend losses amid rate-cut caution, muted China policy outlook (SCMP)
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Hong Kong stocks extended their losing run for a fourth day on Tuesday, tracking Wall Street's overnight pullback, as traders priced in an interest-rate cut but grew uneasy about the pace of reductions expected next year. Economists at global banks suggested sentiment was further dampened by “a lack of urgency” in the latest China Politburo readout.
The Hang Seng Index lost 0.4 per cent to 25,662.58 at 10am local time, adding to the 1.2 per cent loss recorded the previous day. The Hang Seng Tech......
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09.12.25 - 03:06
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Hong Kong′s MPF marks 25 years with strong returns, ′growing public confidence′ (SCMP)
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The Mandatory Provident Fund (MPF) turns 25 years old this month, with most of its pension funds delivering solid returns that have enabled all but the most conservative members to outpace both inflation and bank deposits, according to data from the pension regulator.
The year-to-date net investment return of the MPF stood at 15 per cent, putting the retirement scheme on track for its best year since 2017, when it reported an annual return of 22.3 per cent, according to data from the Mandatory......
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09.12.25 - 01:36
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McDonald′s tastes fat profit in US$9.3 million Hong Kong property sale (SCMP)
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McDonald's sold a property in Kowloon for HK$72.4 million (US$9.3 million), as the Chicago-based fast-food giant reached HK$333 million in proceeds at the halfway point in a campaign to dispose of eight Hong Kong retail properties.
A company called Mega Champ bought the property in the Tai Fong Building of Cosmopolitan Estate in Tai Kok Tsui in a transaction dated November 26, according to Land Registry records. The deal, which was registered on Friday, comprised two ground-floor shops as well......
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09.12.25 - 00:30
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Ageing Hong Kong opens new frontiers for insurers, pensions and cross-border care (SCMP)
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Hong Kong's rapidly greying population is creating both policy headaches and fresh business opportunities, from stronger demand for health insurance and retirement products to a growing market for medical services across the border, according to industry leaders.
“The ageing population of Hong Kong brings challenges, but at the same time it also adds new business opportunities,” said Stephen Yiu Kin-wah, chairman of the Insurance Authority, at the Asian Insurance Forum on Monday.
The government......
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