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23.06.26 - 00:42
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Singapore, Hong Kong To Release Inflation Data (AFX)
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CANBERA (dpa-AFX) - Singapore will on Tuesday release May numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In April, overall inflation was down 0.3 percen......
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22.06.26 - 10:36
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China′s MLCC suppliers eye Hong Kong capital as AI reshapes electronics supply chains (SCMP)
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Two major players in China's multilayer ceramic capacitor (MLCC) supply chain are seeking Hong Kong listings, betting that a global surge in demand for the tiny electronic components powering artificial intelligence infrastructure will continue to fuel growth.
Chaozhou Three-Circle, one of China's largest MLCC manufacturers and already listed in Shenzhen, passed its listing hearing at Hong Kong Exchanges and Clearing (HKEX) last week ahead of an initial public offering sponsored by China Galaxy......
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22.06.26 - 05:00
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Hong Kong home sales cool off over Dragon Boat holiday ahead of new projects (SCMP)
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Hong Kong's property market slowed over the Dragon Boat Festival holiday weekend as outbound travel and unstable weather dampened viewing activity, while developers held back major launches ahead of a fresh pipeline of projects expected to hit the market in the coming weeks.
Developers rolled out 104 new homes during the three-day Tuen Ng or Dragon Boat Festival holiday weekend, but only around half had been sold by Sunday, according to Midland Realty, with most sales coming from existing......
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22.06.26 - 03:06
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South Korean investors leverage Hong Kong to cash in on the AI and chips boom (SCMP)
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FOMO (the fear of missing out) is causing some South Korean retail investors to turn to Hong Kong-based platforms to leverage their investments and cash in on the boom in semiconductors and AI.
Analysts attributed the diversion to Hong Kong from the world's 14th largest economy to leveraged products issued by some of the city's financial institutions, its currency advantages, easier access and regulatory arbitrage. However, the number of South Korean investors using Hong Kong-based platforms......
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22.06.26 - 03:00
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Apple supplier Lingyi seeks US$1.1 billion Hong Kong IPO to fund AI and robotics push (SCMP)
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Apple supplier Lingyi iTech is looking beyond smartphones, seeking to raise up to HK$8.3 billion (US$1.1 billion) in a Hong Kong initial public offering (IPO) to fund an ambitious expansion into artificial intelligence hardware and humanoid robotics.
The Shenzhen-listed electronic components maker is expected to debut on the Hong Kong stock exchange on Friday after offering 811.8 million shares at a maximum price of HK$10.18 each, according to a company filing.
The subscription period opened......
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22.06.26 - 02:00
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Hong Kong′s commercial property slump enters new phase as lenders take tougher stance (SCMP)
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The recent decision by mainland developer Yuzhou Group to sell office space in Central at a substantial loss to repay debt underscores a new reality in Hong Kong's commercial property market: banks are increasingly focused on controlling losses rather than delaying them.
Yuzhou said this month it would sell six office units on the 58th floor of The Center for HK$268.8 million (US$34.3 million) and use the proceeds to reduce its debt, crystallising an estimated loss of HK$83 million.
The disposal......
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19.06.26 - 11:06
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Hong Kong singer Eason Chan snaps up US$23m home as celebrities flock to luxury property (SCMP)
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Hong Kong actor and singer Eason Chan bought a HK$182.53 million (US$23.29 million) property in the city's Southern district, according to official records, joining a list of the rich and famous who have recently snapped up luxury homes.
Chan, whose full name on the official record was Chan Yick Shun Eason, purchased the home in Shouson Hill in a deal registered on Wednesday, records from the Land Registry showed.
Agent listings showed that the property had four rooms and a garden, with a......
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19.06.26 - 09:00
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Chinese EV brands signal Southeast Asia expansion at Hong Kong auto expo (SCMP)
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China's electric vehicle makers are using Hong Kong's annual auto expo this week to signal their ambitions in the Southeast Asian market, with some brands rolling out right-hand drive models for the region's roads.
“Our first priority will be Indonesia,” Amy Gong, president of Seres Group subsidiary DSFK, said on the sidelines of the International Automobile and Supply Chain Expo on Thursday. “Expanding manufacturing capacity in the Southeast Asian market depends mainly on demand.”
Built in......
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19.06.26 - 05:00
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Momenta moves closer to Hong Kong IPO after US listing setback (SCMP)
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Chinese autonomous-driving start-up Momenta moved a step closer to a Hong Kong initial public offering after mainland China's securities regulator disclosed a filing notice approving the proposed share sale.
The proposed listing would add another autonomous-driving company to Hong Kong's market, following a wave of capital-raising by Chinese intelligent-driving firms seeking funding for research, product development and commercial expansion.
On Thursday, the China Securities Regulatory......
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