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28.10.26 - 12:00
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Why Hong Kong rents are hitting records while home price gains lose momentum (SCMP)
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Hong Kong's lived-in home prices fell 0.8 per cent in the third quarter, their first quarterly decline after five quarters of gains, as a September rebound failed to fully offset a summer slowdown in the residential market.
Prices rose 0.19 per cent in September from August, marking a second consecutive monthly increase, according to data released by the Rating and Valuation Department on Wednesday.
The index reached 320.8, but remained 19.4 per cent below its September 2021 peak. Prices were......
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28.10.26 - 09:00
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Why Hong Kong′s extensive I&T ecosystem and global connectivity appeal to top-tier talent (SCMP)
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Talent recruitment and development are playing a prominent role in Hong Kong's long-term development strategy as it looks to lure skilled professionals from around the world to drive growth in its key industries.
In his first five-year plan announced last month, Chief Executive John Lee Ka-chiu highlighted Hong Kong's commitment to leveraging its advantages as an international city, strengthening its position as a global hub for high-calibre talent, and attracting skilled professionals to serve......
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28.10.26 - 06:00
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Why Hong Kong developer CK Asset sold a mall at an ′exceptionally cheap′ price (SCMP)
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With the “exceptionally cheap” sale of a vacant Hong Kong shopping mall, developer CK Asset Holdings is freeing up capital for other projects, while the buyer will have to be patient because the location will struggle to attract tenants in the short term, according to analysts.
The developer completed the mall in its residential project Seaside Sonata on Hai Tan Street in Sham Shui Po five years ago but never leased it out. It recently changed hands along with a batch of parking spaces for......
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28.10.26 - 05:18
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Hong Kong′s Kevin Choi on Innovation (Bloomberg)
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Kevin Choi, Permanent Secretary for Innovation, Technology and Industry at the Hong Kong SAR Government, says the city needs to expand its real economy beyond the financial sector, with innovation becoming a second engine of growth. He speaks exclusively on the sidelines of the One Earth Summit in Hong Kong. (Source: Bloomberg)...
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28.10.26 - 03:12
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Chinese circuit board firm Dongshan Precision plunges at Hong Kong debut (SCMP)
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Suzhou Dongshan Precision Manufacturing Co. slumped in its Hong Kong trading debut after an underwhelming HK$9.9 billion (US$1.26 billion) initial public offering (IPO), as investor sentiment was haunted by the deepening sell-off across China's artificial intelligence (AI) and tech hardware sectors.
Shares of the circuit-board manufacturer, a key supplier of components for AI servers, dropped as much as 6 per cent after its debut in Hong Kong market on Wednesday. It bounced back slightly with a......
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27.10.26 - 23:06
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How Hong Kong went from a yuan gateway to a complete currency ecosystem (SCMP)
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In September, Chief Executive John Lee Ka-chiu unveiled the city's first five-year plan along with his policy address, highlighting Hong Kong's strategic role in promoting the greater use of the yuan outside mainland China as a key priority. In the second part of a four-part series on the globalisation of the yuan, Daisy Wu examines Hong Kong's evolution from an offshore reservoir into a self-sustaining yuan ecosystem.
Of the hundreds of thousands of people who cross the border between mainland......
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27.10.26 - 10:00
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Rental income prospects boost grade A office market in Hong Kong′s core districts (SCMP)
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The relatively swift recovery of Hong Kong's grade A office market has spurred some owners of properties in prime locations to accelerate the listing of their assets, analysts said.
Stanley Poon Chi-ming, managing director at Centaline Commercial, said the number of grade A office properties for sale in core districts had increased, with the prospect of stable rental income from well-established finance, securities and banking players appealing to some buyers.
“Grade A offices have become the......
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27.10.26 - 03:00
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Hong Kong market faces fundraising test after fourth IPO pulled since midyear (SCMP)
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Hong Kong's fundraising market is now facing a severe test, as the last-minute halt of two initial public offerings (IPOs) within a week raises concerns over investor appetite amid market volatility and stricter regulation, analysts say.
Robotics maker Changzhou Microintelligence decided to postpone its IPO due to “the consideration of several factors, including prevailing market conditions”, according to its Sunday announcement – echoing reasons cited in previous deals pulled from the......
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27.10.26 - 00:00
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How Shimao′s sale of 2 hotels reveals the growing complexity of Hong Kong debt workouts (SCMP)
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The HK$2.7 billion (US$344 million) sale of two Shimao Group hotels in Hong Kong leaves an estimated HK$1.8 billion shortfall against their secured loans.
Still, receivers managed to squeeze out improved bids in the final stages, with all shortlisted parties improving their offers, said Una Ge, a managing director at AlixPartners who oversaw the sale as a joint receiver.
The deal offers a glimpse into how mainland China's developer debt crisis is reshaping Hong Kong's restructuring industry,......
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26.10.26 - 11:06
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In a global first, Hong Kong opens secondary trading for tokenised public funds (SCMP)
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The Hong Kong Securities and Futures Commission (SFC) on Monday approved the world's first-ever secondary trading of tokenised public funds, reinforcing the city's push to build the region's leading ecosystem for tokenised finance.
Investors can now trade two tokenised money market funds – the Hong Kong dollar and US dollar versions of the ChinaAMC Digital Money Market Fund – on an SFC-licensed virtual asset trading platform (VATP).
“For retail investors, this marks a vital upgrade in time......
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26.10.26 - 09:06
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Aktien Asien: Uneinheitlich zum Wochenauftakt (DPA-AFX)
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SEOUL/TOKIO/HONGKONG/SHANGHAI (dpa-AFX) - Die wichtigsten Aktienmärkte in Fernost sind ohne klare Richtung in die neue Börsenwoche gestartet. Diese sollte von anstehenden Quartalszahlen einiger wichtiger US-Technologiekonzerne wie Microsoft, ......
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26.10.26 - 08:06
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Top bankers to gather in Hong Kong to learn how the city has been ′rethinking the playbook′ (SCMP)
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Some 280 global top bankers, including 120 group chairmen and CEOs, will gather in Hong Kong next week to learn how the city has been “rethinking the playbook” to go forward in coming years, Hong Kong Monetary Authority (HKMA) chief executive Eddie Yue Wai-man said on Monday.
The top bankers, including Morgan Stanley chairman Ted Pick, Goldman Sachs chairman David Solomon, and Blackstone president and COO John Gray, will attend the city's fifth edition of the Global Financial Leaders' Investment......
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26.10.26 - 04:36
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Global gold trading hub status attracts industry leaders to set up operations in Hong Kong (SCMP)
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Investment in gold – long considered a traditional safe-haven during uncertain times – is taking on renewed importance amid the current global geopolitical uncertainty, market volatility and shifting confidence.
For Hong Kong, this surge in interest comes as it is increasing its effort to become an international gold trading centre – a role that builds on its strengths as an international centre for finance, legal services, logistics and its connection with mainland China.
The city's government......
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26.10.26 - 02:00
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Hong Kong to tighten burgeoning premium financing market as red flags, risks emerge (SCMP)
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Hong Kong's insurance watchdog is tightening oversight of the city's booming premium financing market, as the once-niche lending arrangement spreads to lower-tier insurance buyers, while also reviewing regulations, particularly on how insurers evaluate clients' affordability, according to Insurance Authority executives.
Premium financing allows policyholders to borrow money from financial institutions to pay upfront premiums on large life insurance policies, which are commonly used as a wealth......
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