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29.10.26 - 02:01
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Veteran investor snaps up 2 Hong Kong street shops as values remain well below peaks (SCMP)
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Private equity veteran Ramon Lo has bought two ground-floor shops on Swatow Street in Wan Chai for HK$32.5 million (US$4.1 million), at a time when prices in the district remain about one-third below previous levels.
Land Registry records showed that the properties were acquired by Smart Golden Co, whose director is Lo, a partner and executive director at private equity and advisory firm Symphony Capital Partners.
Lo, a descendant of the Lo Hin-shing family, whose patriarch was among Hong Kong's......
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29.10.26 - 00:12
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Hong Kong holds base rate at 4.25% after US Federal Reserve decision (SCMP)
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The Hong Kong Monetary Authority (HKMA) announced on Thursday that it would keep its base rate unchanged at 4.25 per cent, hours after the US Federal Reserve also decided to hold its benchmark rate steady.
The city's de facto central bank often mirrors steps taken by the US Fed as the Hong Kong's currency is pegged to the US dollar. In September, it followed the Fed in raising its key interest rate by a quarter of a percentage point – the first such increase since 2023.
The US Federal Open......
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28.10.26 - 23:00
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Beijing wants Hong Kong to sow the seeds for the digital yuan. Will its plans bear fruit? (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 third part of a four-part series on the globalisation of the yuan, Xinmei Shen explores how Hong Kong is testing the interoperability of the e-CNY and other digital assets in an effort to broaden the currency's international appeal.
In a US Senate......
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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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