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06.08.26 - 15:30
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Coded for glamour and glory, AI make-up arm steals the show in Hong Kong hackathon (SCMP)
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Imagine a woman sitting at her vanity as a robotic arm reaches across the table, picks up her lipstick, and applies it to her lips while running through her morning schedule.
Meet Iron Bestie, a personalised make-up assistant that just snatched top honours at what organisers billed as Hong Kong's first physical artificial intelligence hackathon, beating more than 160 global competitors in an intense 48-hour hardware-meets-software sprint this week.
Powered by vision-language models and voice......
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06.08.26 - 14:18
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Hong Kong raises Silver Bonds coupon rate to 4.25% for latest batch (SCMP)
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Hong Kong is raising the guaranteed coupon rate for its 11th batch of Silver Bonds for senior citizens, amid market expectations that the US Federal Reserve will raise interest rates later this year.
Up to HK$50 billion (US6.4 billion) of Silver Bonds will go on sale this month with a guaranteed annual coupon of 4.25 per cent, up from 3.85 per cent for the batch sold in September last year, the government announced on Thursday.
The three-year bonds will be on sale from 9am on August 21 until 2pm......
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06.08.26 - 12:30
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Swire earnings show Hong Kong′s prime commercial districts outpacing others in recovery (SCMP)
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Hong Kong's commercial property recovery is increasingly becoming a story of location, with the fortunes of the city's biggest landlords diverging depending on the districts where they own office space.
Swire Properties' first-half results on Thursday captured that shift. The developer owns office towers in both Admiralty, next to Central's financial district, and Quarry Bay, an eastern business hub that has long attracted tenants seeking spaces with lower rents than those in pricier areas like......
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06.08.26 - 09:09
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Aktien Asien: Gewinnmitnahmen im Technologiebereich (DPA-AFX)
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SEOUL/TOKIO/HONGKONG/SHANGHAI (dpa-AFX) - Die asiatisch-pazifischen Aktienmärkte haben am Donnerstag überwiegend nachgegeben. Dabei standen technologielastigere Börsen stärker unter Druck.Marktteilnehmer sprachen von Gewinnmitnahmen nach ......
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06.08.26 - 06:00
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Hong Kong stock regulator flags more companies for share concentration (SCMP)
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Hong Kong's securities regulator has put a spotlight on highly concentrated shareholding this year, a move interpreted by market analysts as a warning about sharp price swings on small-cap stocks.
As of August, the Securities and Futures Commission (SFC) had mentioned 13 cases of high shareholding concentration on the Hong Kong stock exchange, compared with 15 for the whole of last year. The figures marked a 30 per cent rise from 2024 and a twelvefold jump from 2023.
For example, the controlling......
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06.08.26 - 05:42
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Expats Return to Hong Kong Seeking Lower Taxes, Jobs (Bloomberg)
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Hong Kong is experiencing an influx of white-collar professionals, with thousands of people making their way back to the city due to a booming initial public offering market and planned tax breaks. Bloomberg's Diana Li breaks down the developments. (Source: Bloomberg)...
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06.08.26 - 04:00
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Shares of major Hong Kong insurance, finance firms tumble following report of 20% levy (SCMP)
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Shares of major Hong Kong-listed insurance and financial institutions tumbled on Thursday, after reports surfaced that mainland Chinese authorities had begun taxing gains on offshore insurance policies bought by mainland visitors in the city, reviving fears of tighter curbs on cross-border capital flows.
In early trading as of 9.45am, Prudential, whose Hong Kong hub was its biggest profit driver last year, fell 5.9 per cent, while pan-Asian life insurer AIA Group dropped 6.6 per cent. Major......
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05.08.26 - 13:06
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Peninsula group to renovate Hong Kong flagship, Tokyo hotel in US$268m project (SCMP)
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The owner of Hong Kong's iconic Peninsula hotel plans to invest HK$2.1 billion (US$268 million) to renovate its flagship hotel in the city and its Tokyo property, betting on the long-term strength of the luxury travel market despite geopolitical uncertainty and volatile consumer demand.
Hongkong and Shanghai Hotels (HSH), which owns and operates The Peninsula hotel chain, announced the renovation plan on Wednesday alongside interim results showing a return to profit after stronger performances......
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05.08.26 - 09:24
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China′s X Square Robot submits confidential filing for Hong Kong IPO, sources say (SCMP)
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Chinese start-up X Square Robot has filed confidentially for an initial public offering (IPO) in Hong Kong, according to two sources familiar with the matter, joining a growing wave of domestic robot makers flocking to capital markets, despite new US trade restrictions.
The Shenzhen-based firm has tapped Huatai Securities and Morgan Stanley as sponsors for the prospective float, one of the sources said.
Besides X Square, AgiBot and Galbot have also filed confidentially for Hong Kong IPOs, the......
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05.08.26 - 09:24
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China′s Moonshot AI aims for US$50b round as year-end Hong Kong IPO targeted: sources (SCMP)
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Chinese unicorn Moonshot AI has started and is expected to close its latest financing round by the end of this month, as it dismantles its offshore structure to pave the way for a potential Hong Kong initial public offering (IPO) as early as the end of the year, according to two sources familiar with the matter.
The company was expected to raise capital at a valuation of up to US$50 billion in this latest round, one of the sources said.
The South China Morning Post, citing sources, reported last......
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05.08.26 - 09:18
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Aktien Asien: Deutliche Gewinne im Technologiebereich (DPA-AFX)
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SEOUL/TOKIO/HONGKONG/SHANGHAI (dpa-AFX) - Die asiatisch-pazifischen Aktienmärkten haben am Mittwoch zugelegt. Dabei setzten die technologielastigeren Börsen ihre Vortageserholung beschleunigt fort. Dagegen waren die Zuwächse in China und Australien überschaubarer....
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05.08.26 - 07:25
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Amid AI tumult, more Chinese investors seek haven in undervalued Hang Seng Index (SCMP)
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Mainland Chinese investors bought more Hong Kong stocks than they sold for a second consecutive month in July, rotating into the undervalued market to take shelter from the tumult in artificial intelligence-linked shares.
Onshore traders purchased a total of HK$62.9 billion (US$8.02 billion) worth of Hong Kong stocks through the cross-border Stock Connect programme last month, extending the HK$27.1 billion worth of buying in June, according to data compiled by the Hong Kong exchange. Z.ai,......
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05.08.26 - 04:54
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China′s AI Agent Unicorn Lovart Is Said to Explore Hong Kong IPO (Bloomberg)
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Evoken, the Chinese startup behind AI design agent Lovart, is considering an initial public offering in Hong Kong, people familiar with the matter said, the latest such firm seeking to tap booming investor demand for artificial intelligence tools after the breakout success of Manus....
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05.08.26 - 02:06
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Why China′s new sovereign bond sale in Hong Kong is drawing global interest (SCMP)
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China's Ministry of Finance is set to raise 15 billion yuan (US$2.22 billion) through a sovereign bond auction in Hong Kong, tapping international capital just days after the city launched a long-awaited tool designed to help global investors hedge against mainland bond market risks.
The sale marks the fourth tranche of Beijing's 84 billion yuan sovereign bond programme for the year approved by the State Council, China's cabinet. The exact tenors and yields would be announced by the Hong Kong......
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05.08.26 - 01:00
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Innovation platform buys Hong Kong office tower as state-linked buyers seek bargains (SCMP)
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The acquisition of a Hong Kong office tower by an innovation platform backed by Ningbo's city government has reinforced analysts' expectations that mainland government-linked institutions could play a bigger role in the city's commercial property market, where prices remain depressed.
Land Registry records show Yonggang Science and Technology Innovation Centre reached an agreement with receivers on June 25 to buy the Konnect office building in Wan Chai for HK$800 million (US$102 million) – about......
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04.08.26 - 12:01
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SpaceX report, share unlock may sway Hong Kong, mainland China stocks as AI trade recovers (SCMP)
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SpaceX's first earnings report since its listing, together with the coming supply of a large chunk of shares available for public trading, will test the strength of the artificial intelligence trade's recovery, which has driven the S&P 500 within striking distance of its record high and helped Hong Kong equities outperform.
The first set of results from SpaceX as a publicly traded company will be under close scrutiny, with Elon Musk's commercial aerospace unit viewed as a gauge of investors'......
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