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02.06.26 - 14:06
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Hong Kong commits US$383m to university tech spin-offs in bid to be global innovation hub (SCMP)
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Hong Kong is stepping up its efforts to transform into a global tech hub, backing university-led commercialisation with a funding blitz spearheaded by the Hong Kong University of Science and Technology (HKUST).
Speaking at HKUST's annual Unicorn Day event on Tuesday, Secretary for Innovation, Technology and Industry Sun Dong said the government had committed over HK$3 billion (US$382.8 million) to 73 projects under the RAISe+ (Research, Academic and Industry Sectors One-plus) scheme.
Launched in......
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02.06.26 - 12:00
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Why Hong Kong is now the launch pad for mainland China′s AI champions (SCMP)
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Chinese artificial intelligence companies are upending a decades-old dual-listing practice of selling shares domestically first and then in Hong Kong, as they reverse the sequence to anchor market-based valuations from global investors and tap more sophisticated capital to support growth.
AI model developer MiniMax Group and peer Knowledge Atlas Technology, also known as Zhipu, spearheaded the new trend, saying they hired brokerages to prepare for mainland China stock offerings after completing......
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02.06.26 - 05:00
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Global Prosperity Summit 2026 maps out Hong Kong′s aerospace potential as city′s first astronaut takes flight (SCMP)
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As Hong Kong sent its first astronaut into space, leading industry experts at the Global Prosperity Summit 2026 (GPS 2026) said the city was well positioned to be a facilitator of aerospace development by tapping into emerging opportunities in the aerospace economy and contributing its professional services expertise to this burgeoning field.
Just days before it was announced that Hong Kong's Lai Ka-ying would join the Shenzhou-23 mission to China's Tiangong space station, experts who spoke at......
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01.06.26 - 13:36
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Closure of Hong Kong′s Casa Hotel tied to student-housing trend after failed sale attempts (SCMP)
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Casa Hotel, a boutique hotel in Hong Kong's Yau Ma Tei district, has ceased operations after nearly two decades, with market speculation suggesting the building has been leased to a student-housing operator after repeated attempts to sell it failed.
A notice posted outside the three-star hotel said the property officially closed on May 31, thanking customers for their support over the years. No reason for the closure was given.
The 162-room hotel occupies a 14-storey commercial-residential......
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01.06.26 - 08:30
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Hong Kong government′s venture fund eyes bigger bankroll after double-digit return (SCMP)
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The government's investment arm achieved a double-digit internal rate of return last year, greater than many newly established venture capital funds, according to its CEO.
“Many overseas funds have a J-curve performance, as they tend to suffer an initial loss before a gain,” said Clara Chan Ka-chai, CEO of Hong Kong Investment Corporation (HKIC). “But we have already bypassed the J-curve, as we have earned HK$2.3 billion [US$293 million] in 2024, while we have achieved a double-digit rate of......
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01.06.26 - 04:30
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Hong Kong′s insurance boom risks cooling as regulators curb mainland China fund flows (SCMP)
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Hong Kong's record-breaking insurance sales may face headwinds as mainland China visitors struggle to transfer large sums across the border to buy policies, after Beijing and the city's regulators tightened rules, according to industry players and analysts.
A spokeswoman for the Insurance Authority said the regulator was closely monitoring cross-border sales. “The Insurance Authority has been maintaining close communication with relevant mainland authorities on various regulatory matters,......
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01.06.26 - 00:00
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Hong Kong must embrace ′bipolar′ role to thrive in ′Stage 3.0′: ex-HKEX boss Charles Li (SCMP)
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Charles Li Xiaojia, the longest-serving CEO of Hong Kong Exchanges and Clearing (HKEX), defined a decade of city finance by bridging the gap between Chinese and global capital.
From his early days as an offshore oil worker in northeastern China to serving as chairman of JPMorgan Chase's China division, Li's career has resembled China's own economic opening.
In his 11 years as HKEX CEO before stepping down in 2021, Li masterminded the landmark Stock Connect schemes, linking Hong Kong with......
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31.05.26 - 10:18
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AI firm MiniMax prepares for mainland China listing after shares surge in Hong Kong (SCMP)
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MiniMax Group, the Chinese artificial intelligence model company, has officially kicked off plans to sell shares in mainland China. This offers onshore investors access to AI players beyond chipmakers and completes a dual-listing status in addition to Hong Kong.
The Shanghai-headquartered company signed an agreement with Citic Securities on Friday, hiring the brokerage to help prepare for a sale of yuan-denominated shares.
While other details on the listing are scant, it is widely expected that......
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31.05.26 - 05:30
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Hong Kong property recovery tested as bigger student housing deals gain traction (SCMP)
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Hong Kong's student housing sector is entering a new phase as larger institutional-style deals emerge from the city's distressed commercial property market, signalling that professional investors are cautiously returning after years of falling asset values.
Investors and analysts said the market was moving beyond the smaller hotel conversions that dominated the past two years, with more sizeable transactions expected as financing conditions improve, distressed sales accelerate, and buyers hunt......
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30.05.26 - 04:00
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Chip boom powers Hong Kong stock exchange at 40. Innovation, resilience set next stage (SCMP)
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Stepping into the former trading hall in Exchange Square on Thursday was like walking through a doorway into the 1980s. Brokers, wearing the iconic red jackets of the period, stood alongside Cathay Pacific Airways flight attendants in retro uniforms, evoking memories of the hall before its closure.
The special gong-striking ceremony in Central marked the 40th anniversary of the merger of Hong Kong's four stock exchanges into the Stock Exchange of Hong Kong (SEHK). Cathay was the first company to......
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29.05.26 - 12:42
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HKEX revamps Tech 100 index as Hong Kong benchmark struggles to keep pace with AI rally (SCMP)
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Hong Kong Exchanges and Clearing (HKEX) has overhauled its Tech 100 Index, adding seven technology-focused companies and removing seven others, as Hong Kong's benchmark providers face growing pressure to reflect the rapid rise of artificial intelligence stocks.
The latest additions increase the benchmark's exposure to areas such as autonomous driving, robotics, enterprise software and optical communications.
The changes, which take effect on June 15, bring in Deepexi Technology, Time......
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29.05.26 - 11:18
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Lenovo′s status as Hang Seng Index top performer in 2026 validates AI push (SCMP)
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Lenovo Group has unexpectedly emerged as the best performer on the Hang Seng Index this year after its shares more than doubled, as optimism builds that the Chinese personal computer (PC) maker will become more reliant on artificial intelligence for growth.
The stock surged 22 per cent to HK$24 in Hong Kong on Friday, extending its gain so far in 2026 to 159 per cent, ranking first among the 90 constituent members of the city's stock market benchmark indicator. Lenovo's gain was more than three......
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