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21.07.26 - 14:48
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Zhongji Innolight aims for Hong Kong′s biggest IPO in 7 years with US$8b sale (SCMP)
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Zhongji Innolight has attracted more than 30 cornerstone investors for its blockbuster initial public offering in Hong Kong, which could become the city's biggest listing in seven years, according to people familiar with the matter.
The Chinese maker of optical transceivers – which are widely used in artificial intelligence data centres – has already seen nearly half the base share offering for its IPO snapped up by major international and long-only funds including BlackRock, Temasek Holdings......
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21.07.26 - 13:00
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US biotech firm developing therapies for infant brain injuries plans Hong Kong listing (SCMP)
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A US-headquartered biotech firm plans to seek a primary listing in Hong Kong, joining a swelling pipeline of artificial intelligence-powered medical players raising capital in the city.
Axiom Biosciences, which develops experimental therapies for newborns with severe brain injuries by using AI, is targeting at least US$200 million through an initial public offering (IPO) in Hong Kong in 2027, followed by a secondary listing in the US in 2029.
“Some of the most important science in the world is......
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21.07.26 - 11:30
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Landmark insurance policy clears Shenzhen′s flying vehicle for Hong Kong lift-off (SCMP)
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A groundbreaking cross-border insurance policy covering a piloted aircraft has cleared a key regulatory obstacle, allowing the Shenzhen vehicle to take to the sky in Hong Kong.
Shenzhen-based aircraft developer Yivtol recently obtained a policy for an electric vertical take-off and landing (eVTOL) aircraft, underwritten in its home city but issued in neighbouring Hong Kong.
With a total liability of HK$20 million (US$2.6 million) covering the one-year period ending in June 2027, this marks the......
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21.07.26 - 07:06
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SpaceX slump fails to dent Hong Kong tech as investors seen pivoting (SCMP)
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A sharp pullback in US space-technology giant SpaceX and renewed valuation pressure on Wall Street's tech heavyweights are unlikely to trigger a major sell-off in Hong Kong equities, according to analysts, who note that local tech firms operate under distinct business models and lack the stretched valuations of their overseas peers.
“I don't think there will be much impact” in Hong Kong, said Kenny Tang Sing-hing, chairman of the Hong Kong Institute of Financial Analysts and Professional......
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21.07.26 - 03:00
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Fifa effect: Hong Kong developers bet on sport fever to keep shoppers spending (SCMP)
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From attracting tourist spending to live streaming world sports events like the Fifa World Cup, Hong Kong developers have tried to claw their way through a challenging retail market and found a rare boost to shopping malls.
As crowds converged on neighbourhood malls to watch live broadcasts of World Cup matches, restaurants, sportswear retailers and consumer electronics stores were among the biggest beneficiaries.
Sino Group, which spent more than HK$8 million (US$1 million) broadcasting all 104......
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20.07.26 - 12:00
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Hong Kong bourse operator weighs longer trading hours to sharpen hub edge, sources say (SCMP)
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Bourse operator Hong Kong Exchanges and Clearing (HKEX) is considering extending trading hours to align with moves by global peers and sharpen the city's competitiveness as an international financial centre.
HKEX and the Securities and Futures Commission (SFC) confirmed that they were discussing the matter, but did not give details.
The discussion was in an early stage and options included extending the afternoon close to 5pm or even 8pm, two separate sources told the South China Morning Post.......
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20.07.26 - 02:06
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Rule change urged for Hong Kong pension fund to allow wider ETF choice for 4.8m members (SCMP)
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The Chamber of Hong Kong Listed Companies is urging the pension regulator to relax rules so the 4.8 million members of the Mandatory Provident Fund (MPF) can invest more in Hong Kong-listed exchange-traded funds (ETFs), according to its chairman.
“ETFs can provide stable returns to MPF members while charging low management fees,” said chamber chairman Chan Ka-keung in a media briefing last week. “If more members can invest in ETFs, it would [broaden their] choices, while the city would also be......
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19.07.26 - 08:00
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Hong Kong′s secondary property market braces for shift after strong first half (SCMP)
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Hong Kong's secondary residential market is expected to hit a turning point at the start of the second half of the year following a steep price increase during the six months to June, according to multiple local property agencies.
They cited the effects of Beijing's crackdown on capital outflow, which has shaken Hong Kong's stock market, as a contributing factor.
According to data from Centaline Property, the secondary residential market recorded 26,813 transactions totalling HK$212.24 billion......
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19.07.26 - 05:00
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Wealthy European clients eye Hong Kong for family offices, says BNP Paribas (SCMP)
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BNP Paribas, France's largest lender and the second-largest in Europe, has found that an increasing number of wealthy European clients are seeking to establish family offices in Hong Kong to capitalise on growing opportunities in the region, according to a banker from the lender.
A growing number of wealthy mainland clients were also looking to invest in Europe, said Lemuel Lee, head of wealth management for BNP Paribas in Hong Kong.
“The two-way capital flow between Europe and mainland China is......
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19.07.26 - 03:00
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Tourism appeal adds to Australia′s edge in drawing mainland Chinese, Hong Kong homebuyers (SCMP)
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Australia's tourism appeal and property price correction are reinforcing the case for mainland Chinese and Hong Kong investors to buy homes down under, according to agents.
Education had long been a major draw for many mainland and Hong Kong buyers, but the country's tourist attractions, relaxed lifestyle and moderating property prices in major cities such as Sydney and Melbourne were burnishing its appeal as a top investment destination, agents said.
“Who wouldn't like to look out from their......
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18.07.26 - 13:36
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Hong Kong homebuyers snap up 138 Garden Regency flats in New Territories project (SCMP)
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Sun Hung Kai Properties (SHKP), Hong Kong's largest developer by market capitalisation, has sold out the first batch of units at its Garden Regency project in the New Territories on Saturday, according to agents.
By 3.30pm, all 138 flats the developer had launched in the Kam Tin North project in Yuen Long had found buyers, the agents said.
The launch of the three-tower development of 566 units marks SHKP's return to the market two months after units at its Lime Spark project in Tsuen Wan were......
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