Hong Kong Times

Hong Kong Seeks Tax Reforms to Attract More Corporate Treasury Centres

Hong Kong policymakers are consulting on tax concessions aimed at attracting multinational and mainland companies to establish corporate treasury centres in the city, with proposed tiered incentives designed to support international liqu...

SenseTime Forecasts First Profit Since IPO as Generative AI Pivot Drives Shares Higher

Hong Kong-listed SenseTime expects first-half net profit of up to seven hundred million yuan, marking a major turnaround as its shift toward generative artificial intelligence lifts investor confidence and sends shares up more than thirt...

Hong Kong and Macao Introduce Automated Immigration Clearance Using Mainland Travel Permits

Eligible Hong Kong permanent residents and Macao citizens can now use Mainland Travel Permits for automated immigration clearance at designated border checkpoints, easing travel between the two special administrative regions and neighbor...

UBS Warns Hong Kong Home Price Recovery Could Stall Through 2027

UBS expects Hong Kong residential property prices to remain broadly flat through two thousand twenty-seven, citing slower population inflows, deeper Greater Bay Area integration and a large pipeline of new homes in the Northern Metropolis.

Hong Kong Insurance Chief Urges Insurers to Diversify Mainland Client Base Amid Tax Changes

Insurance Authority chief Clement Cheung has called on Hong Kong insurers to reduce their reliance on mainland Chinese customers after Beijing introduced stricter enforcement of a twenty percent income tax on offshore insurance gains, co...

Hong Kong Hang Seng Index Tops Twenty-Five Thousand Points as Economy and IPO Market Strengthen

The Hang Seng Index has moved above twenty-five thousand points amid a summer rally supported by five point one percent economic growth in the first half of the year and a revival in equity fundraising that has already pushed initial pub...

China Industrial Output Rises Four Point Five Percent as High-Tech Manufacturing Leads Growth

China's industrial output increased four point five percent in July, with three-dimensional printing equipment production rising fifty-two percent and lithium-ion battery output climbing forty percent year on year as advanced manufacturi...

China's New Energy Vehicle Exports Surge One Hundred Twenty Percent in First Half

China exported more than two point three million new energy vehicles in the first half of the year, up one hundred twenty percent from a year earlier, with more than one point one million units going to countries participating in the Bel...

China Deepens Military Cooperation with Egypt and Belarus Through Joint Exercises

Chinese forces are conducting joint military training with Egypt and Belarus this month, with Chinese and Egyptian air forces focusing on air combat and combat search and rescue while Chinese and Belarusian airborne troops conduct urban ...

Chinese Firms Expected to Capture Nearly Ninety Percent of Domestic AI Chip Market

Industry analyses project that Chinese semiconductor companies, led by domestic firms such as Huawei, will account for nearly ninety percent of China's high-end artificial intelligence chip market this year as local suppliers expand in r...

ChangXin Memory Technologies Completes Landmark Domestic Listing to Fund Chip Expansion

ChangXin Memory Technologies has completed a major domestic market listing that gives the Chinese semiconductor industry a record capitalization, providing additional funding for advanced memory production and reflecting strong access to...

China Central Bank Sets Five-Year Plan to Promote Renminbi Internationalization and Technology Finance

The People's Bank of China has outlined a five-year financial reform plan aimed at expanding the international use of the renminbi through the Cross-Border Interbank Payment System while directing more financing toward technology innovat...

China Home Prices Fall Further in July as Prolonged Property Slump Weighs on Confidence

New and secondhand home prices continued to decline across China in July, with new home prices falling one point one percent in first-tier cities and resale prices dropping three point seven percent year on year, although Shanghai record...

China's Li Qiang Urges Stronger Growth Measures Ahead of Fifteenth Five-Year Plan

Premier Li Qiang has directed ministries and local governments to meet this year's economic and social development targets while preparing for the twenty twenty-six to twenty thirty planning period, with a focus on private investment, em...

China Warns Philippines Over Huangyan Island Amid Continuing South China Sea Friction

China's Ministry of National Defense has warned the Philippines over maritime activity around Huangyan Island, asserting Chinese jurisdiction and saying the People's Liberation Army will maintain countermeasures against actions Beijing c...

Google Launches Pixel 11 With Gemini AI at the Center of Its Hardware Strategy

Google Launches Pixel 11 With Gemini AI at the Center of Its Hardware Strategy

The new Pixel phones start at $899 alongside the Pixel Watch 5 and Google's first Pixel Tag tracker, as Google turns its devices into an increasingly integrated platform for Gemini.

Hong Kong to Lower Flags to Half-Staff for Former Chinese Premier Zhu Rongji

Hong Kong will fly national and regional flags at half-staff at Tamar headquarters, Government House and border control points on Tuesday to mark the cremation of former Chinese Premier Zhu Rongji and honor his role in China’s economic i...

Extreme Heat Places Greater Pressure on Hong Kong Residents in Subdivided Housing

Severe summer temperatures are worsening living conditions for residents of subdivided and other substandard homes, adding pressure on the Hong Kong government to accelerate public housing delivery and address inequality despite the broa...

Hong Kong Baptist University Ransomware Attack Exposes Data of Nearly 1,800 People

A ransomware attack attributed to the hacker group TheGentlemen compromised personal data belonging to nearly 1,800 students and staff at Hong Kong Baptist University as Hong Kong records almost 3,000 privacy complaints in the first half...

Cathay Pacific Flight Returns to Hong Kong After Suspected Engine Overheating

A Cathay Pacific passenger flight to Jakarta returned to Hong Kong International Airport after a suspected engine malfunction, coinciding with the completion of a government review into earlier communication issues involving the airline.

Hong Kong Backs Airport Expansion as Financial Secretary Sees Stronger Second-Half Prospects

Financial Secretary Paul Chan has expressed cautious optimism about Hong Kong’s economic outlook for the second half of the year while reaffirming government support for expanding Hong Kong International Airport and strengthening its int...

Hong Kong Deploys 5,000 Personnel for Major Counter-Terrorism Drill at Huanggang Port

About 5,000 personnel took part in a large-scale operational exercise at Huanggang Port, testing passenger flows, logistics and emergency response as Hong Kong prepares for deeper cross-border integration with the Greater Bay Area.

Hong Kong’s Five-Year Development Plan to Put Green Finance at the Center of Economic Strategy

Hong Kong’s upcoming five-year development plan will place greater emphasis on green transition policies and sustainable finance after a public consultation drew 16,000 submissions, reinforcing the city’s ambition to strengthen its posit...

Cyberport Reaches 50% Occupancy as Artificial Intelligence and Fintech Demand Remains Strong

Government-backed technology hub Cyberport has filled half of its newly available office space, reflecting continued demand from artificial intelligence, financial technology and digital asset companies seeking to expand their presence i...

Hong Kong Raises 2026 Growth Forecast to 3.5%–4.5% After Strong First-Half Expansion

Hong Kong has raised its full-year economic growth forecast to between 3.5% and 4.5% after the economy expanded 5.1% in the first half, with strong technology demand supporting growth despite external geopolitical risks.

Kowloon City Businesses Prepare for Economic Boost From Kai Tak Sports Park

Businesses and property investors in Hong Kong’s Kowloon City district are positioning for increased retail and hospitality demand as the Kai Tak Sports Park nears completion and international concert promoters prepare to expand large-sc...

China’s Central Bank Maintains Moderately Loose Monetary Policy to Support Technology and Private Firms

The People’s Bank of China has pledged to maintain ample liquidity in the second half of the year while encouraging financial institutions to support technology innovation bonds and strengthen credit mechanisms for small and medium-sized...

China Begins Weekly Arctic Freight Services to Europe Along the Ice Silk Road

Chinese state-owned logistics companies have begun regular weekly commercial freight operations through the Arctic Ocean to Europe, opening a polar shipping route that reduces reliance on the Strait of Malacca and other Indo-Pacific mari...

China’s Luxury Home Sales Rise 38% as Broader Property Market Remains Under Pressure

Sales of ultra-premium homes priced between 30 million and 50 million yuan rose 38% in the first half of the year, highlighting a sharp divide between China’s luxury property market and the broader housing sector’s continuing weakness.

Meta Abandons $2 Billion Acquisition of Chinese AI Startup Manus After Regulatory Intervention

Meta Platforms has dropped its planned multibillion-dollar acquisition of the Chinese-founded artificial intelligence startup Manus following regulatory intervention by Beijing, highlighting growing restrictions on cross-border deals inv...

Zhipu AI Launches New Foundation Model for Cybersecurity and Autonomous Agents

Chinese artificial intelligence developer Zhipu has introduced a new foundation model designed for cybersecurity applications and autonomous digital agents, as Beijing pushes for more standardized and domestically aligned approaches to A...

China’s Renewed Anti-Gang Campaign Raises Private Sector Concerns Over Enforcement

China’s latest campaign against criminal syndicates and online extortion has prompted legal experts to warn that arbitrary enforcement targets and improper seizures of corporate assets could further weaken confidence among private busine...

China Tests One-Megawatt Perovskite Solar Farm With Higher Efficiency Than Silicon Panels

Chinese researchers have demonstrated a one-megawatt perovskite solar installation that outperformed traditional silicon panels in industrial-scale testing, providing a boost to efforts to commercialize the next generation of solar techn...

Southern Chinese Cities Offer Incentives to Retain Artificial Intelligence Talent

Municipal governments in Guangdong are introducing financial and operational incentives to retain artificial intelligence engineers and founders after high-profile departures from leading startups raised concerns over talent moving to co...

China Expands Electricity Spot Trading as Wind and Solar Capacity Drives Price Volatility

The rapid expansion of wind and solar power is pushing China’s electricity system toward broader real-time spot trading as grid operators contend with greater fluctuations in supply, prices and balancing costs for industrial users.

DJI Wins New Judicial Review Opportunity in U.S. Defense Department Blacklist Case

Shenzhen-based drone maker DJI has secured a new opportunity to challenge its inclusion on the United States Defense Department’s investment blacklist, potentially affecting the company’s access to restricted American supply chains and f...

Former Chinese Premier Zhu Rongji Dies at 98, Marking the Passing of a Reform-Era Leader

Former Chinese Premier Zhu Rongji, a key figure in China’s economic reforms and its accession to the World Trade Organization, has died at 98 and will be cremated in Beijing following a state funeral, prompting reflection within China’s ...

China Tightens Immigration and Border Controls Under New Regulations Taking Effect in September

China will introduce stricter immigration and border-control rules in September under a State Council decree signed by Premier Li Qiang, giving authorities greater scrutiny over entry and exit applications and expanded powers to reject t...

Yangtze Memory Enters Global Top Three Flash Memory Suppliers With 14% Market Share

Yangtze Memory Technologies Corporation has reached an estimated 14% share of the global flash-memory market, placing the Chinese chipmaker among the world’s top three suppliers despite United States export controls and underscoring the ...

China’s C919 Jet Program Faces Supply Bottlenecks as Domestic Airline Demand Rises

Commercial Aircraft Corporation of China is struggling to keep pace with growing domestic orders for its C919 narrow-body passenger jet, with aviation executives pointing to supply-chain constraints that extend beyond long-standing diffi...

Chinese Electric Vehicle Sales Fall at Home as Overseas Shipments Jump 148%

China’s electric vehicle market is showing a widening split between weaker domestic sales over the first seven months and a 148% surge in overseas shipments, intensifying international concerns over Chinese manufacturing capacity and tra...

Hong Kong Pushes Ahead With Northern Metropolis Development as Costs Top HK$360 Billion

Hong Kong is accelerating land clearance and infrastructure work for the Northern Metropolis, a major development intended to create a technology and residential hub in the New Territories with stronger links to Shenzhen. Analysts estima...

Hong Kong Tourism Board Launches Summer Rewards Campaign to Support Local Retail

The Hong Kong Tourism Board has launched a citywide summer rewards campaign with major digital payment platforms, offering discounts on dining, hotels and shopping through late August. The initiative is aimed at encouraging spending by r...

Hong Kong IPO Proceeds Reach $41 Billion, Surpassing Full-Year 2025 Total

Hong Kong’s initial public offering market has raised $41 billion by early August, already exceeding the amount raised during all of 2025. The rebound strengthens Hong Kong’s role as a major international fundraising center as technology...

Hong Kong Exchange Fund Foreign Assets Rise to HK$3.69 Trillion

The Hong Kong Monetary Authority reported that foreign assets held by the Exchange Fund rose to HK$3.694 trillion in July. The larger reserves provide additional financial-system protection against geopolitical uncertainty, changes in Un...

Hong Kong Business Aviation Centre Doubles Private Jet Capacity With Airport Expansion

The Hong Kong Business Aviation Centre has opened an expanded terminal at Hong Kong International Airport featuring an all-weather canopy and upgraded VIP customs facilities. The expansion doubles private jet handling capacity as the air...

Hong Kong Exchange Launches Five-Year Chinese Government Bond Futures

Hong Kong Exchanges and Clearing has launched five-year Chinese Government Bond futures, giving international investors a standardized tool for managing interest-rate risks linked to mainland Chinese sovereign debt. The new contract adds...

Hong Kong Raises 2026 Growth Forecast to 3.5%-4.5% as AI-Driven Exports Surge

Hong Kong has raised its 2026 economic growth forecast to between 3.5% and 4.5% after the economy expanded 5.1% in the first half. Strong domestic consumption and a 28.8% increase in goods exports, driven by global demand linked to artif...

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