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31.08.26 - 08:06
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Black Sheep on Hong Kong′s F&B Sector (Bloomberg)
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Syed Asim Hussain, founder of Black Sheep, provides an update on the Hong Kong-based restaurant group's business and shares his outlook for the financial hub's food and beverage sector. He speaks on "Bloomberg: The China Show." (Source: Bloomberg)...
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31.08.26 - 07:00
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AI‑fuelled boom lifts global billionaire count, Hong Kong retains top spot in Asia (SCMP)
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Hong Kong maintained its lead as the Asian city with the most billionaires last year, though mainland Chinese cities were quickly catching up thanks to wealth accumulation from the artificial intelligence boom, according to New York-based data company Altrata.
Globally, Hong Kong ranked second in number of billionaires behind New York, while Beijing and Shenzhen secured spots among the top 15 cities, according to the latest data from Altrata.
While Hong Kong's aggregate billionaire net worth......
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31.08.26 - 03:00
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Golden hour: why Hong Kong may finally succeed in becoming precious metal′s trading hub (SCMP)
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For decades, Hong Kong has been a hub for gold jewellery. Brands such as Chow Tai Fook and Chow Sang Sang have drawn buyers from the world over, aided by the city's duty-free status and its proximity to one of the world's largest gold-consuming markets.
Two years ago, when officials set the goal of making Hong Kong a global gold trading hub comparable to New York and London, it was met with scepticism. Similar efforts in the past had ended in failure.
The doubts, however, began to fade in early......
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31.08.26 - 01:12
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Shien Set for Long-Awaited Hong Kong IPO Debut (Bloomberg)
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From a peak valuation of 100 billion dollars to a targeted debut at a fraction of that figure, ultra-fast fashion giant Shein is preparing for a long-awaited public listing. But as regulatory crackdowns close tax loopholes and squeeze profit margins, the digital retailer is being forced to radically remake its business model. Bloomberg's Minmin Low reports from Hong Kong. (Source: Bloomberg)...
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30.08.26 - 08:00
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Will Hong Kong see fewer creditor-led commercial property sales as assets stabilise? (SCMP)
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Financial distress in Hong Kong's commercial property market has moderated but not been completely eliminated, analysts say, with highly leveraged asset owners still expected to find refinancing their loans a challenge.
The city's office and retail property segments have been mired in a multi-year slump, with new supply outstripping demand in recent years as consumption slowed and interest rates surged, triggering loan defaults.
“We do not expect defaults will increase noticeably from this time......
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30.08.26 - 04:06
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JD.com′s US$1.3b expansion could test Hong Kong′s footfall-driven retail property model (SCMP)
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JD.com's rapid expansion in Hong Kong could challenge the property model that has long made the city's busiest streets and shopping centres its most valuable, analysts say.
The Chinese e-commerce giant has invested more than HK$10 billion (US$1.3 billion) in Hong Kong property over the past two years, building a network of stores, warehouses and other assets that analysts said could reduce the importance of footfall for some retailers while increasing the value of logistics hubs and other......
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29.08.26 - 04:06
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Hong Kong′s long-term wealth hub status safe from mainland investment curbs: JPMorgan exec (SCMP)
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Beijing's recent curbs on cross-border investment and a tax shift targeting overseas insurance gains may create short-term uncertainty, but they will not undermine Hong Kong's long-term competitiveness as a major wealth management hub, according to a senior executive at JPMorgan Chase.
Kwang Kam-shing, Hong Kong CEO and chairwoman of North Asia at the biggest bank by assets in the United States, said she remained optimistic about the long-term outlook for Asia's financial sector, citing......
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28.08.26 - 07:06
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SoftBank-backed surgical robotics firm eyes Hong Kong listing to power mainland China push (SCMP)
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SoftBank-backed surgical robotics company Noah Medical has begun preparations for a Hong Kong initial public offering, joining a wave of cutting-edge technology firms tapping the city's international fundraising pool.
The US-headquartered company aimed to raise more than US$100 million and planned to file its listing application as early as next year, according to founder Zhang Jian.
“We want to expand our business in [mainland] China, and Hong Kong – as an international financial centre with a......
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28.08.26 - 02:06
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Hong Kong home prices end 13-month upswing as mainland Chinese tax fears weigh on demand (SCMP)
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Hong Kong's lived-in home prices fell 0.46 per cent in July, halting a 13-month upswing, according to the latest official data.
The index tracking second-hand homes slipped to 321.5 in July from 323 in June, Rating and Valuation Department (RVD) data showed on Thursday.
It was the first decline in 16 months – since April last year. Prices were flat in May last year before climbing steadily for 13 months from June.
“As residential property prices have increased by 7.3 per cent year to date,......
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27.08.26 - 14:30
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Crypto slump, AI boom overshadow CZ′s bullish pitch at Hong Kong′s Bitcoin Asia (SCMP)
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Anxiety over the booming AI trade and bitcoin's uncertain future is overshadowing this year's Bitcoin Asia conference in Hong Kong, as a lingering crypto slump dampens enthusiasm despite a star appearance by Binance founder Zhao Changpeng.
Zhao, known in the industry as “CZ”, struck a bullish tone during his highly anticipated appearance on Thursday. Speaking to a large crowd, the 48-year-old billionaire entrepreneur drew applause and cheers by declaring that bitcoin “will for sure become more......
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27.08.26 - 13:30
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Hong Kong expands AI sandbox with projects that include banks, securities and insurance (SCMP)
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Hong Kong's financial regulators have selected the first batch of projects for an expanded generative artificial-intelligence (GenAI) testing programme spanning banking, securities, insurance and pensions, as the city explores the use of more autonomous AI agents in financial services.
A total of 36 use cases were selected for the first cohort of the expanded GenAI Sandbox++ programme, according to a joint statement on Thursday by the Hong Kong Monetary Authority (HKMA), Securities and Futures......
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