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22.05.26 - 16:54
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China AI firms Zhipu, MiniMax to join Hong Kong′s Hang Seng Tech Index (SCMP)
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Chinese AI firms MiniMax Group and Knowledge Atlas Technology – better known as Zhipu AI – will join the Hang Seng Tech Index next month.
Their inclusion follows investor criticism that the city's primary technology gauge has underperformed by missing out on the global artificial intelligence boom.
Concurrently, Shanghai-based courier J&T Global Express, lightweight metal giant Aluminum Corp of China and Beijing-founded global drug firm BeOne Medicines will join the benchmark Hang Seng Index.......
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22.05.26 - 04:12
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′Cash is king′: Hong Kong, mainland Chinese firms hoard reserves as growth options narrow (SCMP)
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More companies and conglomerates in Hong Kong and mainland China are hoarding cash on their balance sheets – following the approach of billionaire investor Warren Buffett's investment vehicle – as returns from mature industries remain steady but modest amid a fragile global economic recovery. The trend has heightened investor focus on whether idle funds will be redeployed into new economy ventures, dividends or buy-backs.
Cash holdings among Hong Kong- and Shanghai-listed companies most......
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22.05.26 - 01:00
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AI boom fuels US$11.6b data centre investment in Asia-Pacific as Hong Kong eyes niche role (SCMP)
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The artificial intelligence boom is partially spurring investment in Asia-Pacific's data centre properties with a record US$11.6 billion worth of capital poured into the segment in 2025, according to CBRE.
In Hong Kong, while AI-related demand is unlikely to be met because of technical limitations, leasing of data centre space was supported by “hyperscale CSPs (cloud service providers), mainland Chinese technology and e-commerce companies and financial institutions”, the property consultancy......
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21.05.26 - 15:06
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Hong Kong set to be ousted by Nasdaq as the world′s biggest IPO market – but still top 3 (SCMP)
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Hong Kong is expected to remain among the top three initial public offering (IPO) markets worldwide this year, even though it will soon be dethroned by the US Nasdaq, which will host SpaceX's jumbo flotation.
Hong Kong Exchanges and Clearing's (HKEX) main board is poised to lose its crown as the world's largest market for IPOs when billionaire Elon Musk's commercial aerospace unit is listed on the Nasdaq stock exchange, according to the prospectus filed by SpaceX in New York on Wednesday.
The......
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19.05.26 - 13:00
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Non-traditional Hong Kong bidder tops property giants in Tung Chung HK$1.6b land auction (SCMP)
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Hong Kong construction and engineering company Able Engineering has secured a residential site in Tung Chung for a higher-than-expected HK$1.627 billion (US$207 million) premium, outbidding five groups of major developers in the city.
Able Best, a construction and private development unit of Able Engineering, secured a 50-year land grant for the 152,332 sq ft plot, according to a statement from the Lands Department on Tuesday.
The winning bid topped analysts' estimates, which ranged between......
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19.05.26 - 09:42
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Hong Kong stars Nick Cheung and William Chan join wave of upmarket home sales (SCMP)
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Hong Kong actors Nick Cheung and William Chan have become the latest high-end homeowners to sell their units amid a strengthening recovery in the city's luxury property market.
Transactions in the segment more than doubled in the first quarter of the year, compared with the same period in 2025, according to consultancy CBRE.
Cheung sold his flat at Grenville House in Mid-Levels for HK$132 million (US$16.86 million) to buyers identified as Lee Yuen Ann Geoffery and Xu Ranying, Land Registry......
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