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30.09.26 - 09:21
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Aktien Asien: Japanische Aktien deutlich im Plus (DPA-AFX)
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SEOUL/TOKIO/HONGKONG/SHANGHAI (dpa-AFX) - Die asiatischen Börsen haben am Mittwoch zugelegt und sich damit von den vorherigen Abgaben etwas erholt. Dabei ragten japanische Aktien mit vergleichsweise deutlichen Gewinnen hervor.Der Aktienmarkt ......
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30.09.26 - 09:00
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Mainland China′s PCB giant wins Hong Kong approval for planned US$3b listing: sources (SCMP)
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Mainland China-based printed circuit board (PCB) maker Suzhou Dongshan Precision Manufacturing has cleared its final listing hurdle in Hong Kong and is moving towards a share sale that may rank among the city's largest initial public offerings (IPOs) in the fourth quarter, according to people familiar with the matter.
The company passed its listing hearing with bourse operator Hong Kong Exchanges and Clearing (HKEX) recently, the people said, requesting anonymity because the information was......
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30.09.26 - 08:00
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Mainland Chinese, Hong Kong stocks face bumpy fourth quarter as risks mount: analysts (SCMP)
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Mainland Chinese and Hong Kong stocks may face a challenging fourth quarter as investors contend with underwhelming stimulus measures from Beijing, tighter financial conditions in the US and a shift in the narrative around the artificial intelligence trade, according to analysts.
The two markets were likely to consolidate throughout the rest of the year to digest the negatives before settling on a clearer direction, according to brokerages including Zheshang Securities and CCB International.
CCB......
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30.09.26 - 06:24
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HSBC unveils RedCoin as name of its Hong Kong stablecoin for 3.3 million PayMe users (SCMP)
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HSBC on Wednesday named its stablecoin offering HSBC RedCoin, paving the way for Hong Kong's biggest lender to make the coin available to the more than 3.3 million users of its PayMe app for money transfers, shopping and dining.
When launched before the end of the year, the stablecoin would be offered only through PayMe and HSBC's Hong Kong mobile banking app, HSBC said.
The bank said it was optimistic about retail usage of HSBC RedCoin, as 74 per cent of respondents to a survey of more than......
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30.09.26 - 04:06
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Looming interest rate rises will not hit Hong Kong as hard as 2022: analysts (SCMP)
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Hong Kong looks set to be hit by a wave of interest rate rises in the coming months, but the city's property market is unlikely to suffer the same level of damage as during the last rate cycle in 2022-2023, according to analysts.
Though major Hong Kong banks have so far held rates steady despite the US Federal Reserve raising its benchmark rate earlier this month, they are widely expected to increase them if the Fed follows through with further tightening later this year.
The combination of......
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30.09.26 - 02:06
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Hong Kong′s executives are ′ill prepared′ for AI era, report finds (SCMP)
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Executives at Hong Kong's largest listed companies have a severe lack of technological expertise, with fewer than 1 per cent of directors possessing dedicated artificial intelligence or cybersecurity skills, according to a new report by Grant Thornton Hong Kong.
The firm's 15th annual Corporate Governance Review – which surveyed 100 major listed firms on Hong Kong's Hang Seng Composite Index – found that 59 per cent of companies view cybersecurity or AI as principal business risks. Yet only 11......
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30.09.26 - 01:00
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AI uptake sees wealth management headcounts in Hong Kong trail growth in assets (SCMP)
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Hong Kong has seen strong growth in private wealth assets, but the industry has not yet seen the same scale of hiring, as private banks and wealth management companies have adopted technology including AI to serve customers, according to consulting firm Capco.
“When assets under management by private banks are growing rapidly, the relationship managers are not increasing at the same rate as the use of technology and AI are enhancing the productivity of the team,” Simon Smallcombe, Capco's......
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29.09.26 - 14:00
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Hong Kong firms lag mainland China on AI adoption amid legacy-system burden: Accenture (SCMP)
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Hong Kong businesses are lagging behind their mainland Chinese peers in adopting artificial intelligence, as entrenched legacy systems and a risk-averse corporate mindset slow the city's digital transition, according to a senior executive at consultancy Accenture.
Only 10 per cent of Hong Kong firms surveyed by Accenture had integrated generative AI across multiple business functions, compared with about 21 per cent of mainland enterprises, said Robert Hah, Hong Kong office lead at Accenture......
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29.09.26 - 12:00
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Eunis Chan, Angela Leong sell luxury Hong Kong properties as rate increases loom (SCMP)
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As the shadow of possible interest rate increases darkens Hong Kong's property market outlook, well-known people including model-actress Eunis Chan Ka-yung and billionaire Angela Leong On-kei have recently decided the time was right to sell luxury properties, according to market sources.
Chan sold a two-bedroom Mid-Levels flat for HK$32.25 million (US$4.1 million), making a profit of about 130 per cent, while Leong, a businesswoman and Macau legislator who was the fourth wife of the late casino......
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29.09.26 - 09:00
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Hong Kong′s IPO revival faces test as three new stocks stumble on debut (SCMP)
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Hong Kong welcomed four companies to start trading on Tuesday after they raised a combined HK$14.4 billion (US$1.83 billion) – but three opened below their offer prices, adding pressure to an already sluggish month for initial public offerings (IPOs).
Automated equipment manufacturer RoboTechnik Intelligent Technology was the largest company to make its debut, having raised HK$5.18 billion, but its shares traded nearly 10 per cent below the offer price in morning trading.
Shenzhen Kinwong......
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29.09.26 - 05:54
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Shein drops 14% to record low after profit misses in first results since Hong Kong IPO (SCMP)
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Shares of Shein Global Holdings fell nearly 14 per cent to a record low in Hong Kong on Tuesday after the online fashion retailer posted a 67 per cent drop in second-quarter profit in its first earnings report since listing, warning that tariff headwinds and logistics cost volatility would persist for the rest of the year.
The company said in an unaudited filing on Monday that profit for the June quarter slumped to US$228 million, while revenue edged up 1 per cent to US$11 billion.
Revenues from......
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29.09.26 - 02:06
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Plan to turn Hong Kong office block into flats rejected amid high commercial vacancy rates (SCMP)
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Hong Kong's Town Planning Board has rejected an application from a consortium of developers to rezone a commercial project in Kowloon for development as residential flats, leaving sellers struggling with high vacancy rates, according to analysts.
A consortium formed by CSI Properties, Asia Standard International, and Chongqing-born property tycoon Cheung Chung-kiu applied to the Town Planning Board to redevelop “Harbourside HQ” – a grade A office building at 8 Lam Chak Street, Kowloon Bay, which......
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28.09.26 - 13:36
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Hong Kong office expansion lags hiring push as tenants optimise current space: Colliers (SCMP)
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More than a third of Hong Kong's office tenants are expecting to increase headcounts over the next 12 months, but only a fifth are likely to expand their real estate footprint, according to a survey by Colliers.
The results of the fourth annual Hong Kong occupier survey by the property consultancy pointed to a “growing disconnect between hiring intentions and office expansion plans, as many occupiers continue to absorb growth within their existing premises through more efficient space......
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28.09.26 - 12:42
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Hong Kong finds gold-trading leader in former exchange executive Bryan Chan (SCMP)
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The Hong Kong government has appointed Bryan Chan Ping-keung, a former executive at bourse operator Hong Kong Exchanges and Clearing (HKEX), as CEO to lead the development and operation of the city's new central clearing and settlement system for gold.
Chan will head Hong Kong Precious Metals Central Clearing (HKPMCC), a wholly government-owned entity established in January to run the clearing system for precious metals. His appointment would take effect on October 2 for a three-year term,......
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28.09.26 - 09:36
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Mainland Chinese stocks hit 13-month low on tech sell-off as Hong Kong market holds up (SCMP)
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Mainland Chinese stocks fell to their lowest level in 13 months on Monday as the sell-off in technology shares intensified amid concerns that elevated global capital costs and surging oil prices would curb risk appetite.
Markets opened the week on a sombre note, with the CSI 300 Index dropping 2.2 per cent to close at a level not seen since August 21 last year. The chip-heavy Star Market 50 index tumbled 4.1 per cent, capping its steepest single-day decline in five weeks and closing in on the......
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