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09.07.26 - 06:42
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Hong Kong stocks retreat as regional tech volatility offsets short covering (SCMP)
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Hong Kong stocks retreated on Thursday morning, surrendering recent gains as ongoing volatility across Asian markets and a brutal tech sell-off in neighbouring bourses weighed on local sentiment.
At the lunchtime break, the benchmark Hang Seng Index was down 0.78 per cent to 24,011, erasing its initial upwards momentum. The Hang Seng Tech Index edged down 0.06 per cent, as the broader regional drag overshadowed optimism surrounding recent initial public offering lock-up expirations.
Among......
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09.07.26 - 06:06
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Hong Kong top retirement choice for ultra-rich expats, St James′s Place says (SCMP)
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Two-thirds of ultra-rich expatriates living in Hong Kong plan to retire in the city, thanks to stronger financial benefits, according to a survey by St James's Place.
The findings were published after the British financial advice and wealth management company surveyed 450 affluent and high-net-worth residents in the city. Of the total, 17 per cent held Hong Kong or mainland China passports, with the rest being citizens of jurisdictions around the world ranging from Australia to Spain, according......
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09.07.26 - 04:12
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AXA Global Private makes Hong Kong debut (SCMP)
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[The content of this article has been produced by our advertising partner.]
AXA Group has rolled out AXA Global Private as a unified platform to better serve high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals together with globally mobile families across Asia.
The announcement was made on 8 June during a press conference in Hong Kong. On the same day, a private gala launch was held, where senior executives from the French insurance group joined VIP guests for a programme......
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09.07.26 - 01:30
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When will Hong Kong′s retail leasing market see a turnaround? (SCMP)
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Hong Kong's retail leasing market remained under pressure with rental rates far below the pre-pandemic levels, while Beijing's crackdown on capital flight and a potential rate hike in the second half of the year by the US Federal Reserve would add to sector uncertainties, according to analysts.
The food and beverage sector has seen numerous closures of both casual eateries and high-end restaurants in recent months. Fast-food chain Maxim's MX scaled back operations and closed its South Horizons......
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09.07.26 - 01:00
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The Peninsula′s owner and SF Holding set up captive insurers in Hong Kong (SCMP)
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The owners of luxury hotel brand The Peninsula and logistics firm SF Holding have gained approval from Hong Kong's insurance regulator to set up captive insurers, marking the latest step in the city's drive to develop into a risk management centre.
Hong Kong's Insurance Authority (IA) said on Wednesday that it had granted a licence to HSH Captive, established by The Hongkong and Shanghai Hotels, which owns the Peninsula hotel chain and the popular Peak Tram tourist attraction. It also granted a......
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08.07.26 - 14:36
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Alibaba shares spike 12% in Hong Kong as T-Head chips, AI revenue fuel earnings optimism (SCMP)
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Shares of Alibaba Group Holding surged to a high of 13.8 per cent in Hong Kong on Wednesday as equity analysts expect revenue to reaccelerate in the June quarter, driven by growing demand for artificial intelligence and narrowing losses in food delivery.
The gain, the strongest this year, came before the company closed up 12.2 per cent at HK$107.5 (US$13.71). Rivals Tencent Holdings and Meituan saw their shares grow 3.8 and 3.3 per cent, respectively, while the Hang Seng Tech Index increased by......
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08.07.26 - 12:06
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Hong Kong IPO debut delayed in rare move over missing regulatory data (SCMP)
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Hong Kong witnessed a rare delay of an initial public offering (IPO) debut on Wednesday, the first in more than eight months, triggered by a regulatory requirement for additional client information, according to people familiar with the matter.
On Tuesday night, just before its scheduled listing on Wednesday, DKE Holding Company postponed its IPO ceremony after it failed to provide investors with an offer price and results of its bookbuilding.
The maker of e-paper display modules said more time......
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08.07.26 - 11:12
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China further boosts Hong Kong′s role as offshore yuan hub (SCMP)
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China's central bank announced more measures to expand Hong Kong's role as an offshore yuan hub, injecting “vitality” into the city's markets and supporting efforts to grow international use of the currency.
Institutions in mainland China would be able to buy a net 800 billion yuan (US$118 billion) of offshore bonds each year via the Southbound Bond Connect scheme, an increase of 60 per cent, People's Bank of China (PBOC) Governor Pan Gongsheng said on Tuesday. The scope of eligible products......
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08.07.26 - 09:06
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Mainland Chinese tech firms find more than just deep capital pools in Hong Kong (SCMP)
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Mainland Chinese technology companies newly listed in Hong Kong are deepening their engagement with the city, tapping not only its capital markets but also its global connectivity to refine products, forge international partnerships and expand overseas, according to executives.
For Beijing-based service robot maker Yunji Technology, Hong Kong has become a key gateway to global markets since its listing in the city in October.
“If we use one word to describe what Hong Kong offers for us, that......
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08.07.26 - 06:42
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Hong Kong stocks rebound as concerns ease over lock-up expiries (SCMP)
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Hong Kong stocks rebounded on Wednesday as concerns over a wave of lock-up expiries, long seen as a major headwind for the city's equities, showed early signs of easing, while continued strength in technology stocks lifted broader market sentiment.
The Hang Seng Index rose 2.4 per cent to 24,057 at the noon break, with technology shares leading broad-based gains despite renewed geopolitical tensions in the Middle East. The Hang Seng Tech Index outpaced the broader market, surging 4.3 per......
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08.07.26 - 06:00
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Mainland China court claims jurisdiction over Hong Kong-listed company in investor lawsuit (SCMP)
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A mainland Chinese court has claimed jurisdiction over an investor lawsuit against a Hong Kong-listed firm for the first time, with the move likely to increase scrutiny of corporate disclosures.
Mainland investors filed the lawsuit with the Beijing Financial Court, alleging that an overseas-incorporated company had failed to disclose irregular loans, unauthorised guarantees and related-party transactions in 2017 and 2018, in violation of Hong Kong's listing rules, according to a recent report by......
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