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16.07.26 - 08:18
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Cafe de Coral, in 1986, becomes first Hong Kong food chain to go public – SCMP archive (SCMP)
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This article was first published on July 17, 1986.
Cafe de Coral the live wire in quiet market
by John Mulcahy
Fast-food counter Cafe de Coral hit the boards yesterday (July 16, 1986), trading up to $1.35 and recording the biggest volume of the day.
Although 16.6 million Cafe de Coral shares traded, at a total value of $22.08 million, this was about all the excitement the market could muster, as it took a breather after some hectic activity on Monday and Tuesday.
Another talking point was Yeo......
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16.07.26 - 05:06
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Mainland China funds increase stakes in Hong Kong biotech amid surge of licensing deals (SCMP)
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A growing number of mainland Chinese institutional fund managers have built up stakes in Hong Kong-listed biotechnology stocks over the past month, drawn by attractive valuations amid a surge in cross-border licensing deals in the sector.
China's largest mutual fund manager, E Fund Management, has taken a 7 per cent stake in gene-editing biotechnology firm Biocytogen Pharmaceuticals, buying additional 91,500 shares in the Beijing-based firm at an average price of HK$46.90 each on July 2,......
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16.07.26 - 02:06
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Taobao′s first physical shop in Hong Kong to close after lease ends in October: sources (SCMP)
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Taobao Hong Kong's first furniture showroom will close its doors at a Tsim Sha Tsui mall when its lease expires in October, according to multiple people familiar with the matter, ending the retailer's first offline furniture venture in the city after less than two years.
The move means Taobao Hong Kong and its partner, local home repair platform Papabo, will give up their first physical shop at a prime location in Kowloon despite earlier plans to expand with a larger store in Causeway Bay.
The......
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15.07.26 - 10:30
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Hong Kong steps up to US crypto fund challenge with tokenised fund approval (SCMP)
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Hong Kong has approved its first “digitally native” tokenised fund, allowing professional investors to hold direct ownership of the underlying assets on a public blockchain, issuer Baillie Gifford says, as the city steps up its challenge to the US as a global crypto hub.
The British fund manager said on Wednesday it had received approval from the Securities and Futures Commission to launch the Baillie Gifford Enhanced Yield Fund (BAGEY) – an actively managed portfolio of short-duration......
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15.07.26 - 10:00
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Will diversification restore Hong Kong′s IPO title? Think tank maps out plan (SCMP)
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Hong Kong needs to diversify the source of its listed companies and investors if it is to reclaim its recently lost crown as the world's top initial public offering (IPO) venue, according to a government think tank.
“Hong Kong should continue to find ways to diversify both its listing issuers as well as potential future investors,” said Benjamin Hung Pi-cheng, chairman of the Financial Services Development Council (FSDC), at a media briefing on Wednesday. “That form of diversification enhances......
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15.07.26 - 02:30
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As consumption worries persist, Hong Kong investors shun mainland Chinese F&B stocks (SCMP)
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Mainland Chinese food and beverage (F&B) brands are struggling to win over Hong Kong investors, as persistent market concerns over the country's weak consumption weigh on valuations.
While more than 10 consumer and F&B chains successfully listed in 2025, this year presents a starkly different landscape. Chinese fast-food brand LXJ International's third listing application expired last week after failing to secure a hearing within six months, Hong Kong Exchanges and Clearing (HKEX) filings......
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15.07.26 - 01:30
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Hong Kong urged to pave path for Greater Bay Area firms going global (SCMP)
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Hong Kong has been urged to carve out a pivotal role helping Greater Bay Area companies navigate overseas expansion, as supply chain relocation and geopolitical pressures reshape trade routes.
Speakers at the Greater Bay Area Global Business Expansion Summit on Tuesday highlighted the city's strengthening position in three areas where companies face new challenges as they shift from contract manufacturing to building their own brands: standards alignment, supply-chain coordination and......
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14.07.26 - 12:30
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As IPOs surge, Hong Kong′s audit regulator vows tougher scrutiny (SCMP)
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Hong Kong's auditing watchdog has vowed to strengthen inspections of newly listed companies as a surge in initial public offerings raises concerns about the quality of financial reporting.
The Accounting and Financial Reporting Council (AFRC), the city's independent accounting regulator, said evaluating the financial reporting of new public companies – specifically those that had completed or would complete new share issuance within a one-year window – was among its priorities for the current......
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14.07.26 - 11:00
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Where is the priciest residential property? Hong Kong keeps crown, but livability drops (SCMP)
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Hong Kong has retained its position as the world's most expensive residential property market despite a 10 per cent price decline from pre-pandemic levels, according to a new Deutsche Bank report warning that housing affordability continues to weigh on living standards.
The investment bank lowered the city's quality-of-life ranking to 55th this year, down from 48th in 2025. Even so, the financial hub has maintained its appeal to international investors and high earners when factoring in......
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14.07.26 - 08:00
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How Yung Kee and other Hong Kong heritage brands innovate to thrive in challenging times (SCMP)
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From franchising to diversification, Hong Kong's heritage brands and long-running family businesses are looking for ways to navigate challenging times amid changing consumption patterns and soaring costs.
Second- and third-generation stewards of three local brands – charcoal-roasted goose restaurant Yung Kee, toy manufacturer Kader Holdings and construction group Asia Allied Infrastructure – are using different strategies to adapt to the changing times, they explained recently in an interview......
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14.07.26 - 01:30
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Hong Kong banks sweeten mortgage rebates as competition heats up amid property rebound (SCMP)
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Hong Kong banks are raising mortgage cash rebates to their highest levels in more than two years as they compete for a growing pool of homebuyers, betting generous incentives will help them win customers even as uncertainty over US interest rate hikes lingers.
Major lenders including Bank of China (Hong Kong), Hang Seng Bank and HSBC have increased cash rebates on selected mortgages to as much as 1.4 per cent, up from around 1.2 per cent. Some smaller banks had gone further, offering up to 1.5......
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