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12.08.26 - 13:12
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Hong Kong stablecoin selection expands with Standard Chartered-led venture′s launch (SCMP)
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A Standard Chartered-led joint venture kicked off institutional use of Hong Kong dollar-backed stablecoins on Wednesday, a year after the city put its stablecoin law into effect as part of an effort to become a global hub for digital assets.
Retail use of the regulated cryptocurrency was expected “as early as end-2026”, subject to market conditions, said Anchorpoint Financial, a Hong Kong-licensed stablecoin issuer, in a statement on Wednesday.
A joint venture formed by Standard Chartered,......
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12.08.26 - 12:06
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BTS bump? Hong Kong′s hotels set for bonanza from superstars′ Arirang world tour (SCMP)
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The arrival of BTS's world tour in Hong Kong next year is expected to be a sure-fire hit with the city's hospitality sector, with hotels likely to see a similar surge in bookings to the one experienced in Seoul earlier this year when the South Korean pop superstars launched their comeback series of concerts, according to analysts.
When BTS kicked off their Arirang world tour – their first since completing mandatory military training – in the South Korean capital in April, local hotels recorded a......
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12.08.26 - 08:06
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Hong Kong seeks tech exposure to take on Nasdaq amid Beijing′s rising AI dominance (SCMP)
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Hong Kong is doubling down on efforts to increase its stock market's exposure to the technology industry, as the city endeavours to catch up in the global artificial intelligence trade and potentially even challenge the Nasdaq.
A slew of mainland Chinese hardware tech companies – particularly the makers of optical transceivers used in AI data centres – are lining up for stock offerings in the city after the debut of Zhongji Innolight last month, reshaping the dynamics of listings that, until......
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12.08.26 - 01:54
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Hong Kong property recovery faces new risk as China widens offshore tax net (SCMP)
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Hong Kong's property recovery could face a fresh test if China's expanding crackdown on offshore wealth extends beyond insurance returns to property income, potentially curbing mainland demand for homes and adding pressure to decentralised office markets, according to analysts.
The immediate issue is a reported 20 per cent personal income tax on certain returns earned by mainland residents from offshore assets, including gains from Hong Kong insurance policies.
While the levy does not currently......
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11.08.26 - 12:30
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Wharf firms up balance sheet as Hong Kong home sales cushion profit slump (SCMP)
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Hong Kong developer Wharf (Holdings) is increasingly relying on Hong Kong's luxury-home market to offset weakness in mainland China, while paring investments and building up cash as it navigates an uncertain outlook.
Revenue from Wharf's Hong Kong development properties nearly tripled to HK$1.35 billion (US$172 million) from HK$475 million in the first half, with operating profit rising more than fivefold to HK$166 million, according to its interim results announced on Tuesday. That helped......
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11.08.26 - 08:06
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Shein set to take orders for Hong Kong IPO next week, eyeing US$35b valuation: sources (SCMP)
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Fast-fashion retailer Shein Global Holdings is planning to take investor orders for its Hong Kong initial public offering (IPO) as soon as next week, aiming for a valuation of US$35 billion, according to people familiar with the matter.
The Singapore-headquartered company, which was founded in China, aims to raise as much as US$2.8 billion and began gauging investor demand last week, said sources who asked not to be identified while discussing confidential information.
The timing and size of the......
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11.08.26 - 04:12
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Hong Kong index compiler proposes adding 20 more stocks to main technology tracker (SCMP)
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Hang Seng Indexes Company plans to expand the Hang Seng Tech Index (HSTECH) to 50 constituents and introduce “sales growth” as a selection criterion to strengthen market representation, according to a consultation paper released on Monday.
Hong Kong's major stock index compiler proposed increasing the number of HSTECH constituents from 30 to 50, using a dual-selection framework. The top 40 stocks will be selected by market capitalisation, while the remaining 10 will be picked based on revenue......
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11.08.26 - 01:00
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Hong Kong′s commercial property investment growth beats peer Asia-Pacific markets (SCMP)
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Hong Kong's commercial property investment more than doubled to US$3.1 billion in the second quarter, making it the fastest growing investment market in Asia-Pacific thanks to a strong increase in retail and office deals and a low base effect, according to JLL.
The 129 per cent growth from a year earlier beat other top-performing markets including Singapore with 108 per cent growth and Australia with an 82 per cent increase, data tracked by the property consultancy showed.
“Hong Kong's robust......
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10.08.26 - 12:36
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Hong Kong trophy-home demand runs deep, as Stanley luxury sale tops US$19m (SCMP)
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A buyer with the same name as the founding chairwoman of a global immigration consultancy has bought a detached house in a luxury residential development in southern Hong Kong for over US$19 million, adding to a string of big-ticket deals as demand for trophy homes remains resilient despite a broader slowdown.
Yi Bing signed an agreement for the purchase of House 11 at One Stanley on Wong Ma Kok Road on July 27, according to Land Registry records. The four-bedroom, 3,336 sq ft detached house......
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10.08.26 - 09:16
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Aktien Asien: Überwiegend fester zum Wochenauftakt (DPA-AFX)
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SEOUL/TOKIO/HONGKONG/SHANGHAI (dpa-AFX) - Die wichtigsten Aktienmärkte in Fernost sind mehrheitlich mit Kursgewinnen in die neue Börsenwoche gestartet. Positive Impulse lieferten nachlassende Befürchtungen hinsichtlich einer bevorstehenden Zinserhöhung ......
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10.08.26 - 04:06
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As China tightens its tax rules, can Hong Kong remain a magnet for billionaires? (SCMP)
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For decades, Hong Kong has been a magnet for the rich.
From wealthy Chinese setting up family trusts to millionaires migrating from across Southeast Asia, all of them have been sucked in by the city's promise of free capital flows, a trustworthy legal system and extensive financial expertise.
It is a winning combination that helped Hong Kong leapfrog Switzerland as the world's biggest cross-border wealth hub last year, as the city rode a wave of blockbuster listings by Chinese technology......
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10.08.26 - 02:06
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What makes McDonald′s assets stand out amid a weak Hong Kong retail property market? (SCMP)
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One year after McDonald's began selling its self-owned Hong Kong shops, the fast-food giant has found buyers for nearly half its portfolio even as the city's retail property market endures its weakest spell in decades.
McDonald's planned to dispose of all 23 shops in phases, market sources said, with the portfolio initially valued at about HK$3 billion (US$382 million).
Since launching the disposal plan with JLL in July last year, the chain had sold 11 properties for more than HK$900 million –......
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