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20.12.25 - 10:24
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Vanke Hong Kong sells just 7 units in muted Le Mont weekend launch (SCMP)
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Vanke Hong Kong, a unit of distressed mainland developer China Vanke, sold only seven flats from the latest batch of its Le Mont project in Tai Po on Saturday, a muted result that brokers said was expected given the development has been on the market for months.
The developer released 165 flats in the latest batch, with sizes ranging from 270 to 662 sq ft.
The offering included 28 one-bedroom, 28 two-bedroom, eight three-bedroom units and eight special units, as part of a six-tower residential......
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20.12.25 - 08:54
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Chinese AI ′tiger′ Zhipu edges towards Hong Kong listing expected to raise US$300 million (SCMP)
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Chinese artificial intelligence firm Zhipu AI has moved a step closer to a Hong Kong initial public offering to raise US$300 million after passing a listing hearing and filing its documents with Hong Kong Exchanges and Clearing on Friday.
The Beijing-based start-up, officially named Knowledge Atlas Technology Joint Stock Company Limited and marketed overseas as Z.ai, is widely seen as one of China's “new AI tigers”.
The prospectus did not disclose a fundraising target or timetable, but brokers......
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19.12.25 - 09:36
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Tech pivot: Chinese AI, chip start-ups court global investors with Hong Kong listing plans (SCMP)
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More Chinese artificial intelligence firms and chipmakers are turning to Hong Kong for fundraising, testing the appetite of global investors following stellar onshore debuts of graphics processing unit (GPU) developers Moore Threads Technology and MetaX Integrated Circuits.
GigaDevice Semiconductor is a step closer to its Hong Kong initial public offering (IPO) after passing a listing hearing, according to bourse operator Hong Kong Exchanges and Clearing (HKEX). The company is expected to......
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19.12.25 - 05:00
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Hong Kong′s focus on AI breakthroughs entices healthcare and robotics firms (SCMP)
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Artificial intelligence (AI) – computer systems that can copy intelligent human behaviour – is rapidly transforming our world. The growing use of smart technologies in our homes and businesses, including facial or image recognition, data analysis, language understanding, problem-solving, robots and self-driving vehicles, is helping to enhance traditional human capabilities.
Hong Kong, recognised as an international finance centre with a stable digital infrastructure and hi-tech regional business......
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19.12.25 - 04:24
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Lawrence Lam: architect of transformation at Prudential Hong Kong (SCMP)
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[The content of this article has been produced by our advertising partner.]
A visionary roadmap for change
Since 2022, CEO Lawrence Lam has led Prudential Hong Kong through a purposeful, phased transformation that has strengthened customer propositions and advanced change across health, digital capability and the customer experience. His leadership has gained wide recognition, earning him the title of Corporate Executive of the Year.
Lam is known for a style that builds lasting change, embraces......
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19.12.25 - 03:30
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Hong Kong stocks head for longest rising streak in 3 weeks on cooling US inflation data (SCMP)
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Hong Kong stocks rose for a third day on Friday, putting the benchmark gauge on course for its longest winning streak in three weeks, after softer US inflation data bolstered the case for monetary easing.
The Hang Seng Index advanced 0.3 per cent to 25,588.85 as of 10.04am local time. The Hang Seng Tech Index dropped 0.6 per cent.
On the mainland, the CSI 300 Index climbed 0.2 per cent and the Shanghai Composite Index added 0.1 per cent.
Bottled water maker Nongfu Spring gained 3.4 per cent to......
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18.12.25 - 09:06
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Holiday rush: Hong Kong IPO market sparkles with busiest December in years (SCMP)
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Hong Kong's initial public offering (IPO) market is heading for its busiest month in four years, as a late rush of listings gathers pace despite the traditional slowdown around the Christmas and New Year holidays.
At least 15 companies were set to go public by the end of December, with drug-discovery firm Insilico Medicine planning one of the largest deals in the final stretch of the year, according to data compiled by the Post. A total of 12 companies had already made their market debuts......
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18.12.25 - 08:18
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Hong Kong logistics group′s CEO buys US$17 million home as wealthy accumulate assets (SCMP)
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A top executive of a multinational logistics group has bought a luxury flat in Hong Kong's Mid-Levels West for HK$132 million (US$16.9 million), adding to a growing list of wealthy buyers acquiring high-end homes as prices soften.
Cherry Hill Investment, an entity linked to Arnold Lee, acquired the 2,772 sq ft, four-bedroom apartment at The Legacy, jointly developed by Henderson Land Development and New World Development, according to Land Registry records. The transaction was completed on......
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18.12.25 - 03:36
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Hong Kong stocks resume decline as tech giants stumble on AI bubble jitters (SCMP)
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Hong Kong stocks resumed their decline on Thursday, with technology stocks leading the sell-offs on growing jitters that a global boom in artificial intelligence could turn into a bubble.
The Hang Seng Index fell 0.3 per cent to 25,391.46 at 10.10am local time. The Hang Seng Tech Index dropped 1.2 per cent.
On the mainland, the CSI 300 Index slid 0.5 per cent and the Shanghai Composite Index added less than 0.1 per cent.
Xiaomi, the Chinese smartphone and electric vehicle maker, tumbled 2.5 per......
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17.12.25 - 14:18
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Hong Kong exchange amends float rules to strengthen city′s status as global finance hub (SCMP)
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Hong Kong Exchanges and Clearing (HKEX) has amended its post-listing public float rules to give companies greater flexibility in managing capital while strengthening market transparency.
The bourse operator will allow listed companies to meet an alternative ongoing public float threshold, requiring at least 10 per cent of issued shares in the listed class and a market value above HK$1 billion (US$128.5 million).
For mainland China-listed firms, or A shares, their Hong Kong shares must represent......
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