Hong Kong Times

Goldman Sachs Sees Strong Wealth Management Fee Growth for Hong Kong Banks

Goldman Sachs expects Hong Kong banks to generate stronger wealth management fees as affluent mainland Chinese clients increase offshore allocations for portfolio diversification, despite wider concerns over tax scrutiny in mainland China.

Hong Kong and Shenzhen Advance Huanggang Port Redevelopment to Improve Cross-Border Connectivity

Hong Kong Security Secretary Chris Tang Ping-keung and Shenzhen officials inspected the new Huanggang port facility as authorities advance a project intended to streamline cross-border travel and strengthen physical links across the Grea...

UBS Warns Hong Kong Property Prices and Rents Face Prolonged Weakness

UBS expects Hong Kong property prices and rents to remain subdued in the coming months as slower population growth, deeper integration with mainland China and a steady supply of new homes weigh on the market.

Hong Kong Customs Arrests Beauty Managers Over Alleged Coercive Retail Sales Practices

Hong Kong Customs arrested beauty managers linked to the Opatra brand following complaints over aggressive and deceptive sales tactics, in an enforcement action aimed at protecting consumers and maintaining confidence in the city's retai...

Cathay Pacific and Qatar Airways Expand Hong Kong Passenger and Cargo Networks

Cathay Pacific is adding direct flights to Almaty in Central Asia, while Qatar Airways Cargo plans to expand its presence in Hong Kong, strengthening the city's passenger and freight links as it competes as a major regional aviation and ...

Kwai Chung Hospital Redevelopment Advances With Upgraded Public Psychiatric Facilities

Hong Kong health authorities are progressing with the multi-phase redevelopment of Kwai Chung Hospital, bringing upgraded psychiatric facilities into service as the public healthcare system expands capacity to meet mental health needs.

Evergrande Liquidators Challenge Hong Kong Regulator Over PwC Settlement

Liquidators for China Evergrande Group are challenging the Securities and Futures Commission over its one billion Hong Kong dollar settlement with auditor PricewaterhouseCoopers, adding to the legal fallout surrounding the failed propert...

Hong Kong Exchange Reports Record First-Half Revenue and Profit as Technology Fundraising Surges

Hong Kong Exchanges and Clearing reported record first-half revenue of 16.7 billion Hong Kong dollars and profit of 10.6 billion Hong Kong dollars, supported by stronger trading volumes and fundraising by technology and artificial intell...

CK Hutchison Seeks at Least $1.5 Billion From Panama in Arbitration Over Canal Port Assets

Hong Kong conglomerate CK Hutchison Holdings has launched international treaty arbitration seeking at least 1.5 billion United States dollars in damages after Panama seized operations at the Balboa and Cristobal terminals, escalating a d...

Hong Kong to Use Artificial Intelligence to Cut Cross-Border Permit Processing to One Day

Hong Kong transport authorities will deploy large language models and artificial intelligence to automate vehicle licence renewals and cross-boundary driving applications, with the aim of raising automatic approval rates above ninety per...

China, Australia and Philippines Coordinate Crackdowns on Smuggling and Online Gambling

Chinese authorities reported joint enforcement successes with Australia and the Philippines, including the seizure of ninety million smuggled cigarettes and the arrest and repatriation of key figures in a two point nine billion yuan cros...

China Successfully Recovers Reusable Rocket Stage in Major Commercial Space Milestone

China successfully launched and recovered the first stage of the Zhuque-3 Y2 reusable rocket at the Dongfeng commercial space innovation pilot zone, advancing efforts to lower launch costs and support large-scale satellite deployment.

Wang Yi Urges US to Change North Korea Policy During Seoul Talks

Chinese Foreign Minister Wang Yi said Beijing would continue supporting regional stability but rejected expectations that China would mediate a US-North Korea summit, arguing that Washington should move away from what Beijing describes a...

China Rejects US Push for Countries to Choose Sides in Global AI Competition

Chinese Foreign Ministry spokesperson Lin Jian criticized reported US diplomatic efforts to divide countries into competing technology blocs, saying nations should retain the freedom to choose technology partners according to their own d...

CK Hutchison Seeks at Least One Point Five Billion Dollars From Panama Over Canal Ports

Hong Kong conglomerate CK Hutchison has begun international treaty arbitration against Panama after the government seized operations at the Balboa and Cristobal terminals, escalating a dispute involving strategically important maritime i...

A Sleepless Night on Wall Street: Nasdaq to Begin Nearly Round-the-Clock Trading

Nasdaq plans to add an overnight session from December, extending trading in U.S. shares to nearly 23 hours a day and moving closer to a 24/7 market.

Hong Kong Births Fall Below 30,000 for the First Time as Aging Pressures Intensify

Hong Kong recorded 29,700 births, a 15% decline that pushed annual births below 30,000 for the first time since official records began, even as the overall population rose above 7.5 million with help from imported labor schemes.

Wang Yi Visits South Korea and Indonesia as China Seeks Stronger Asian Partnerships

Chinese Foreign Minister Wang Yi has begun a multi-day diplomatic tour of Seoul and Jakarta focused on security dialogue and supply-chain cooperation as Beijing works to strengthen regional relationships amid intensifying strategic compe...

United States Reportedly Pressures Allies Over Adoption of Chinese Artificial Intelligence Frameworks

Washington has reportedly warned dozens of countries that adopting Chinese artificial intelligence architecture could jeopardize their access to Western technology networks, adding a new dimension to the broader technology rivalry betwee...

Mainland Chinese Insurers Cleared to Invest in Hong Kong-Listed ETFs Through Stock Connect

China’s financial regulator has approved mainland insurance institutions to invest in Hong Kong-listed exchange-traded funds through the southbound Stock Connect channel, expanding investment options for insurers while potentially deepen...

Hong Kong Offers Developers 20% Extra Floor Area to Revive Aging Districts

From September, developers redeveloping residential buildings at least 50 years old in seven designated districts will receive an additional 20% premium-free gross floor area, as the government seeks to encourage private investment in ol...

State Grid Raises 14.9 Billion Yuan in Hong Kong’s Largest Offshore Yuan Bond Sale by a Chinese SOE

State Grid Corporation of China attracted nearly 194 billion yuan in orders for its multi-tranche dim sum bond offering, reinforcing Hong Kong’s role as a major offshore renminbi financing center.

Hong Kong Exchanges and Clearing Reports Strong First-Half Growth as IPO Market Recovers

Hong Kong Exchanges and Clearing reported a 19% increase in revenue and a 24% rise in attributable profit for the first half of the year, reflecting stronger capital-raising activity and improving investor sentiment in the city’s equity ...

Hongkong Post Ends Permanent Appointments for New Hires as Losses Mount

Hongkong Post will move new probationary employees to two-year fixed-term contracts as the self-financing postal service faces an $821 million deficit and a 44% cumulative decline in mail volumes, intensifying pressure to cut operating c...

China Sets Five-Year Healthcare Plan to Address Rapid Population Aging

The National Healthcare Security Administration is expanding long-term care insurance, extending social protection to flexible and gig-economy workers and widening centralized procurement of advanced medical devices as more than 323 mill...

China’s Property Investment Slump Deepens Despite Slower Decline in Home Prices

Official July data showed property investment falling by nearly 20%, underscoring continued weakness in the real estate sector even as new-home prices across 70 major cities recorded their smallest year-on-year decline in five months.

China Moves to Accelerate Private Investment With Targeted Equity and Credit Support

The National Development and Reform Commission has created an inter-ministerial mechanism to speed up equity injections and shareholder loans for private projects, seeking to revive corporate investment amid persistent weakness in privat...

China’s LandSpace Achieves First Successful Land Recovery of Zhuque-3 Rocket Stage

Private aerospace company LandSpace has successfully recovered the first stage of its Zhuque-3 rocket on land using deployable landing legs, marking a step toward lower-cost launches and faster deployment of large satellite constellations.

China Launches Energy and Carbon Efficiency Benchmarks Across 43 Industrial Sectors

The Ministry of Industry and Information Technology has begun a nationwide benchmarking program for energy-intensive manufacturers, using carbon accounting and performance standards to push efficiency upgrades across critical industries.

Chinese Electric Vehicle Makers Raise European Market Share to 14% Despite Trade Barriers

Brands including BYD, SAIC and Xpeng increased their combined European market share by five percentage points from a year earlier, even as the European Union maintains scrutiny of Chinese electric vehicle subsidies and trade practices.

China’s Central Bank Unveils Five-Year Plan to Expand Financial Opening and Cross-Border Renminbi Use

The People’s Bank of China’s 2026–2030 blueprint prioritizes expansion of the Cross-Border Interbank Payment System, stronger offshore renminbi hubs and more market-based exchange rates, alongside tighter safeguards against financial risks.

China Expands Digital Yuan Network to 30 Tier-One Operating Institutions

The People’s Bank of China has added Ping An Bank and Bank of Shanghai to the roster of designated digital yuan operators, expanding the commercial and financial infrastructure supporting China’s central bank digital currency.

Hong Kong Wealthy Shift Spending From Property Toward Travel and Wellness, Survey Finds

A Standard Chartered survey found that upper-middle-class and high-net-worth residents in Hong Kong are increasingly directing wealth toward experiential assets such as immersive travel and wellness rather than traditional property inves...

Hong Kong Airport Passenger Traffic Rises 11.7 Percent in First Half

Passenger traffic at Hong Kong International Airport increased 11.7 percent in the first six months of the year, Financial Secretary Paul Chan said. The recovery in regional and international flight capacity reflects efforts by the gover...

Hong Kong Customs Seizes Cannabis Worth 56 Million Hong Kong Dollars in International Smuggling Case

Hong Kong Customs and Excise Department officers arrested 10 people and seized 240 kilograms of cannabis buds worth 56 million Hong Kong dollars during a month-long operation. Authorities said the investigation dismantled a transnational...

Hong Kong Court Orders Liquidation of State Investment Corporation Commodities Unit

A Hong Kong court has ordered the liquidation of a commodities unit owned by China's state-owned State Development and Investment Corporation after the business suffered severe financial distress. The case highlights Hong Kong's role as ...

Hong Kong Population Rises 0.3 Percent as Annual Births Fall to Record Low

Hong Kong's provisional midyear population rose 0.3 percent to more than 7.5 million, supported by government programmes to attract talent and labour. At the same time, the number of newborns fell 15.6 percent to a record low of 29,700, ...

Hong Kong to Revamp Heat-Stress Warning System After Worker Criticism

Hong Kong's government will introduce a revised heat-stress warning system by the end of August, Secretary for Labour and Welfare Chris Sun said. The overhaul follows criticism from labour unions and outdoor workers after the existing sy...

Hong Kong Gold Exchange Partners With Alibaba Cloud and Hundsun on New Trading Platform

The Hong Kong Gold Exchange has partnered with TGX Technology, Alibaba Cloud and Hundsun Technologies to establish a new trading system for the city's gold market. The platform is scheduled to begin pilot operations in early 2027 and sup...

Hong Kong Considers Hedge Fund Tax Break as Banks Warn of Wealth and Talent Outflows

A proposed Hong Kong tax exemption for global hedge funds has raised concerns among traditional banks that the policy could encourage high-net-worth clients and financial professionals to move away from established banking businesses. Th...

State Grid Raises 14.9 Billion Yuan in Hong Kong’s Largest State-Owned Enterprise Dim Sum Bond

State Grid Corporation of China raised 14.9 billion yuan through a multi-tranche offshore bond sale in Hong Kong, which attracted a record 193.8 billion yuan in investor orders. The transaction comes as dim sum bond issuance in the city ...

Hong Kong Exchange Reports Record Profit as Technology and AI Listings Surge

Hong Kong Exchanges and Clearing reported a record first-half net profit of 10.6 billion Hong Kong dollars, up 24 percent from a year earlier, as funds raised through initial public offerings jumped 94 percent. Chinese technology and art...

Hong Kong Data Centre Prices Surge 90 Percent as Chinese AI Firms Expand Offshore Capacity

Wholesale pricing for hyperscale data centre capacity in Hong Kong has risen 90 percent since the start of the year as mainland Chinese artificial intelligence developers expand offshore computing infrastructure to navigate trade restric...

China Confirms First Phase of Military Construction at Antelope Reef in South China Sea

Satellite imagery indicates that China has completed the initial reclamation phase at Antelope Reef in the contested South China Sea, adding to Beijing’s expanding military infrastructure in the region.

HKG Times