Hong Kong Times

Hong Kong Court of Appeal Allows Eleven National Security Convicts to Seek Further Appeal

The Court of Appeal has granted eleven individuals permission to challenge their convictions and sentences in the Court of Final Appeal in a closely watched national security subversion case, adding a significant judicial development to ...

Hong Kong Employees Report 73 Percent Workplace Adoption of Artificial Intelligence Tools

A survey by the Hong Kong University of Science and Technology found that 73 percent of local employees have incorporated artificial intelligence tools into their daily work, underscoring the rapid adoption of the technology and growing ...

Hong Kong Faces Record Heat as Extreme Temperatures Strain Infrastructure and Public Health

The Hong Kong Observatory recorded the city's highest temperatures since 1884 while Tropical Cyclone Dolphin disrupted regional aviation, prompting renewed debate over climate-resilient buildings and stronger protections for workers expo...

Tencent Music Entertainment Set to Report Second-Quarter Results as Artificial Intelligence Push Accelerates

Tencent Music Entertainment is preparing to release its unaudited second-quarter results, with investors watching subscriber retention and the company's expanding use of artificial intelligence across its digital entertainment services.

Hutchison Telecommunications Hong Kong Reports 83 Percent First-Half Profit Increase

Hutchison Telecommunications Hong Kong reported an 83 percent rise in first-half earnings, supported by a 25 percent increase in international roaming revenue and stronger corporate hardware sales as international business travel continu...

Hang Seng Index Climbs Above 25,900 as Investors Shift Toward Consumer and Property Stocks

The Hang Seng Index rose more than one percent to 25,937 on daily turnover above HK$240 billion, as mainland and institutional investors moved some capital from artificial intelligence shares into traditional property and consumer compan...

Chinese Tax Authorities Tighten Offshore Tax Rules, Putting Pressure on Hong Kong Wealth Management

Mainland Chinese tax authorities have begun enforcing a twenty percent personal income tax on investment returns from offshore insurance policies and trusts, prompting sell-offs in major insurers including AIA and Prudential and potentia...

China Tightens Social Security Enforcement, Raising Payroll Costs for Businesses

Tax and regulatory authorities are requiring companies to calculate social security contributions using actual wages rather than lower contribution bases, strengthening state insurance funds while increasing labor costs for businesses al...

Hainan Builds Semiconductor Supply Chain as More Than 40 Companies Establish Operations

Hainan has attracted more than 40 semiconductor companies spanning chip design, packaging, end-product manufacturing and bonded remanufacturing, creating an initial four-stage industrial chain as domestic demand for chips increases.

Chinese State-Owned Tourism Firms Face Losses Despite Strong Domestic Travel Demand

Major state-backed tourism companies are reporting deeper financial losses even as domestic passenger volumes rise, highlighting a shift toward cheaper, budget-conscious travel that is limiting revenue growth across the sector.

Former State-Owned Machinery Executive Sentenced to 15 Years for Bribery

Lu Wenjun has been sentenced to 15 years in prison for accepting nearly 68 million yuan in bribes over two decades and fined 5 million yuan, underscoring the continued anti-corruption drive targeting senior executives at state-owned indu...

Unitree Robotics Draws Strong Retail Investor Interest Ahead of Shanghai Listing

Chinese robotics company Unitree is attracting intense investor attention ahead of its planned Shanghai debut, reflecting growing capital flows into advanced automation and embodied artificial intelligence.

Beijing Eases Central-District Homebuying Rules to Support Property Market

Beijing has lowered social insurance and income-tax requirements for non-local families buying homes in central districts and raised housing provident fund loan limits for eligible households as authorities seek to revive demand in the c...

Typhoon Dolphin Disrupts Flights and Supply Chains Across Eastern China

Authorities evacuated hundreds of thousands of people and canceled more than 1,000 flights across Shanghai, Zhejiang and Jiangsu as Typhoon Dolphin brought torrential rain and flooding to major manufacturing and commercial centers.

China Targets Hong Kong Insurance Policies in Expanded Crackdown on Offshore Capital

Tax authorities in Beijing and Hangzhou have begun applying a 20 percent personal income tax to returns from offshore insurance policies, intensifying efforts to close cross-border investment loopholes and contributing to sharp falls in ...

China Imposes Provisional Anti-Dumping Tariffs of Up to 54.3 Percent on U.S. and Mexican Pecans

China will impose provisional duties on pecan imports from the United States and Mexico from August 11 following preliminary findings of dumping, adding another targeted trade measure amid continuing commercial tensions.

Alibaba Opens Qwen AI Platform to Third-Party Developers for Consumer Devices

Alibaba is allowing outside developers to integrate Qwen-powered artificial intelligence agents into smartphones, computers and smart glasses, expanding the model’s commercial reach and accelerating AI deployment across consumer hardware.

China’s Central Bank Reaffirms Support for Local Government Debt Restructuring

The People’s Bank of China pledged continued financial support for local government financing vehicles while encouraging their market-oriented transformation, as Beijing seeks to contain debt risks and support the economy through acceler...

FIFA President Gianni Infantino Denies Affair Allegation as UEFA Confirms Payment to Former Employee

UEFA says a departure payment and MBA fees complied with staff rules then in force, while Infantino faces a separate governance revolt over his abandoned plan to bring private investors into FIFA’s World Cup business.

Hong Kong Luxury Property Draws Mainland Chinese Buyers Despite Broader Market Weakness

A mainland Chinese investor linked to one of Ningbo's wealthiest families has bought a Hong Kong luxury residence for $18.5 million, underscoring continued selective demand for prime residential assets despite weakness across the wider p...

Hong Kong Police Arrest Eight Over Financial Fraud and Money Laundering Network

Hong Kong authorities have arrested eight people linked to a financial fraud and money laundering network that allegedly caused millions of dollars in losses, with medical and education professionals among the significant groups targeted...

Hong Kong Upgrades Faster Payment System for Rising Cross-Border Transactions

Hong Kong's Faster Payment System underwent a scheduled 10-hour suspension for a major infrastructure upgrade, preparing the real-time settlement network and connected banking and digital wallet services to handle higher cross-border tra...

McDonald's Starts Selling Select Hong Kong Retail Properties as Investors Seek Prime Assets

McDonald's has begun disposing of selected Hong Kong locations, attracting investors interested in premium commercial properties and highlighting the widening gap between highly sought-after retail sites and weaker secondary districts.

Hong Kong Records 142-Year Temperature High as Typhoon Disrupts Regional Transport

Hong Kong recorded its highest temperature in 142 years over the weekend while Typhoon Dolphin disrupted flights across the wider East China Sea, putting further pressure on public services, aviation and regional supply chains.

Hengqin Strengthens Trade Links Between Greater Bay Area and Portuguese- and Spanish-Speaking Markets

A trade exchange in Hengqin brought together Chinese businesses and representatives from Latin America and Europe, reinforcing the Hengqin-Macau corridor's role in connecting mainland supply chains with Portuguese- and Spanish-speaking m...

Hang Lung Properties Names Former Starbucks China Executive Leo Tsoi as CEO

Hang Lung Properties has appointed Leo Tsoi, a former head of Starbucks China, as chief executive in the first leadership transition since Adriel Chan became chairman, as the developer responds to weak commercial property conditions and ...

Hong Kong Deploys $8 Billion Fund to Build Global Biotechnology Hub

The Hong Kong Investment Corporation is committing $8 billion to attract life sciences companies, research talent and international investment as the city seeks to diversify its economy beyond traditional financial services.

Hong Kong Financial Stocks Fall After China Enforces 20% Tax on Offshore Insurance Gains

Shares of major Hong Kong insurers and financial firms came under pressure after Chinese authorities began taxing gains from offshore insurance policies, highlighting the sensitivity of Hong Kong wealth management businesses to mainland ...

Hong Kong Launches Five-Year China Government Bond Futures to Deepen Offshore Renminbi Market

Hong Kong Exchanges and Clearing has introduced a five-year China government bond futures contract backed by 13 liquidity providers, strengthening the city's role in managing risk and connecting international investors with China's domes...

Chinese Agricultural Technology Gains Ground in Africa Through High-Yield Rice

Chinese agricultural technology is expanding in Africa, with high-yield rice seeds deployed in Nigeria improving farming outcomes and strengthening China’s role through practical agricultural cooperation.

Global Drugmakers Expand Partnerships and Investment in Chinese Biotechnology

International pharmaceutical companies are increasing partnerships with and investments in Chinese biotechnology startups to gain access to clinical research and new drug development while providing capital for further expansion.

Chinese Consumer Brands Gain U.S. Market Share by Targeting Niche Customers

Chinese consumer and retail brands are expanding their presence in the United States despite geopolitical tensions and tariff risks by focusing on specific customer groups and adapting their brands to local markets.

Typhoon Dolphin Disrupts Eastern China as Multiple Storms Hit Coastal Transport

Typhoon Dolphin made landfall in Zhejiang province as part of a rare three-typhoon formation, disrupting flights in Shanghai and causing major interruptions to shipping and manufacturing activity along China’s eastern coast.

Chinese Physicists Report Breakthrough in Long-Running Glueball Research

A Chinese research team has been praised by international experts for a breakthrough in the search for glueballs, addressing a fundamental physics problem that has remained unresolved for decades.

ChangXin Memory Technologies Set for Major Fund Inflows After MSCI China Inclusion

Chinese memory-chip maker ChangXin Memory Technologies is expected to attract significant foreign investment after joining the MSCI China Index, supporting Beijing’s drive to build greater domestic semiconductor capacity.

China’s 400-Kilometre-Per-Hour Bullet Train Clears Major Testing Milestone

Prototypes of China’s next-generation ultra-high-speed train have completed extensive operational trials and moved closer to regulatory certification and potential domestic deployment.

Beijing Targets Predatory Shareholders and Rogue Executives in Financial Governance Overhaul

Chinese regulators are upgrading financial governance rules to curb predatory shareholders and misconduct by senior executives, seeking to prevent individual failures from creating wider risks across financial institutions.

China’s Rare Earth Producers Remain Profitable Despite Trade and Geopolitical Frictions

Major Chinese rare earth producers reported continued profitability in the first half of the year, highlighting the resilience of an industry that supplies materials essential to global technology and defence manufacturing.

China’s Wind and Solar Operators Face Greater Price Volatility as State Tariffs End

China’s renewable energy producers are becoming more exposed to market prices as guaranteed state tariffs are phased out, adding pressure from grid bottlenecks and increasing uncertainty over future returns from wind and solar projects.

Chinese Startups Accelerate Minimally Invasive Brain-Computer Interface Development

Chinese technology companies are advancing neural interfaces that can be implanted through a vein in about 10 minutes, seeking to speed commercialization and strengthen the country’s position in a frontier technology field.

CATL Prepares Aviation Battery Packs for Mass Production in China

Chinese battery maker CATL has cleared major safety tests for aviation-grade power units, bringing electric vertical takeoff and landing aircraft and other electric flying vehicles closer to potential commercial production.

China Consumer and Producer Prices Miss Forecasts as Deflationary Pressures Persist

China’s July consumer and producer prices came in weaker than expected, underscoring continued weakness in domestic demand and increasing pressure on Beijing to support the economy as it seeks to meet its annual growth targets.

People’s Bank of China Sets Out Five-Year Plan to Expand Global Use of Yuan

The People’s Bank of China plans to promote wider use of the yuan in cross-border trade and investment while advancing financial-sector opening and addressing risks within the financial system.

Russia’s A7 Builds a State-Linked Payments Network Beyond Western Sanctions

The two-year-old platform says it handles almost one-fifth of Russia’s foreign-trade payments, while Western governments accuse it of helping Moscow bypass financial restrictions through crypto and opaque settlement channels.

HKG Times