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17.12.25 - 14:18
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Hong Kong exchange amends float rules to strengthen city′s status as global finance hub (SCMP)
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Hong Kong Exchanges and Clearing (HKEX) has amended its post-listing public float rules to give companies greater flexibility in managing capital while strengthening market transparency.
The bourse operator will allow listed companies to meet an alternative ongoing public float threshold, requiring at least 10 per cent of issued shares in the listed class and a market value above HK$1 billion (US$128.5 million).
For mainland China-listed firms, or A shares, their Hong Kong shares must represent......
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17.12.25 - 11:30
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Hong Kong′s Kai Tak Stadium lifts city′s status as a major sports and entertainment venue (SCMP)
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The 50,000-seat Kai Tak Stadium is transforming Hong Kong into a major sports and events destination, as it drives repeat tourism, supports retailers and helps prop up the city's retail property landlords, according to experts.
It served as the venue for British rock band Coldplay's four-night concert in April and K-pop girl group Twice's first-ever shows in the city earlier this month. A three-night gig by K-pop sensation Blackpink will also be held there next month.
The stadium has been ranked......
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17.12.25 - 03:54
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Hong Kong′s Stablecoin Future: Faster, Safer, Cheaper Payments for Everyone (SCMP)
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[The content of this article has been produced by our advertising partner.]
As Hong Kong advances toward regulated digital money, a new era of digital payments is taking shape. With the Hong Kong Monetary Authority (HKMA) preparing for licensed, fully asset-backed HKD stablecoins as early as 2026, the city is moving beyond the volatility of “crypto” and into a future of where money moves instantly, securely and at lower cost.
Stablecoins Are Not Crypto — They Are Digital Cash
For many people,......
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17.12.25 - 03:30
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Hong Kong stocks trade sideways as investors weigh rate cut odds after mixed US job data (SCMP)
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Hong Kong stocks traded in a narrow range on Wednesday, with the benchmark hovering near a three-week low as traders weighed the prospects of monetary easing after a mixed reading on the US labour market.
The Hang Seng Index fell 0.1 per cent to 25,227.58 as of 10.09am local time. The Hang Seng Tech Index dropped 0.3 per cent.
On the mainland, the CSI 300 Index climbed 0.2 per cent and the Shanghai Composite Index was little changed.
Chinese sportswear maker Li Ning rallied 2.7 per cent to......
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17.12.25 - 03:06
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Crypto Exchange HashKey Makes Hong Kong Trading Debut (Bloomberg)
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HashKey Holdings, operator of Hong Kong's largest licensed cryptocurrency exchange, made its trading debut on Wednesday after an initial public offering that raised HK$1.6 billion ($206 million). The company's chairman and CEO Xiao Feng discusses the timing of the IPO, crypto regulations and profitability in an exclusive interview with Bloomberg TV's Minmin Low. (Source: Bloomberg)...
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17.12.25 - 02:42
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HashKey′s lukewarm debut tests Hong Kong′s ambitions as digital asset hub (SCMP)
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Shares of HashKey Holdings, operator of Hong Kong's largest licensed cryptocurrency exchange, were flat on their trading debut, as investors shunned risk amid a downturn in both equity and digital asset markets.
Trading under the stock code 3887, HashKey shares first changed hands on Wednesday at HK$6.70, or 0.3 per cent above the offer price of HK$6.68 a share.
The firm, one of 11 licensed virtual asset trading platforms in Hong Kong, raised HK$1.6 billion (US$206 million) in the city's first......
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16.12.25 - 23:06
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China grid-equipment maker Sieyuan eyes Hong Kong listing after 665% surge (SCMP)
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Shenzhen-listed Sieyuan Electric, a grid-equipment maker whose shares have surged about 665 per cent over the past five years, is planning a secondary listing in Hong Kong.
The move would give Sieyuan, already a favourite among overseas investors, more direct access to international capital as it pushes into global markets amid rising demand for grid upgrades driven by data centres and artificial intelligence.
The company said on Monday night it plans to issue new H shares equal to no more than......
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16.12.25 - 12:06
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Biren Technology′s Hong Kong IPO gets green light as China′s AI chip firms rush to list (SCMP)
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Beijing has greenlit Biren Technology's initial public offering (IPO) in Hong Kong, as more Chinese artificial intelligence chip designers rush to go public amid heightened investor interest in these stocks.
Biren, which designs high-performance graphics processing units (GPUs), received regulatory approval to list on the Hong Kong stock exchange, according to a China Securities Regulatory Commission filing on Monday. This was expected to put the company on track to become the first GPU......
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16.12.25 - 11:48
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Hong Kong signs tax treaty with Norway, marking fourth such agreement this year (SCMP)
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Hong Kong has signed a comprehensive avoidance of double taxation agreement (CDTA) with Norway, marking its fourth such pact this year as the city steps up efforts to strengthen its appeal as an international business and investment hub.
Secretary for Financial Services and the Treasury Christopher Hui Ching-yu signed the agreement with the Government of the Kingdom of Norway in Beijing on Tuesday. Hui had visited Norway to discuss the matter in June.
Under the agreement, Hong Kong residents who......
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