Hong Kong Times

China Expands Green Data Centre Investment to Strengthen National AI Infrastructure

The National Development and Reform Commission has announced additional investment in China's national computing network, prioritising large-scale renewable energy-powered data centres in western provinces to support the country's expand...

China Launches Three-Year Industrial Decarbonisation Programme for Heavy Industry

The Ministry of Industry and Information Technology has begun a nationwide campaign to improve energy efficiency and reduce carbon emissions across nine major industries, including steel, aluminium and petrochemicals, as part of its gree...

Hong Kong Establishes Huanggang Port Area to Speed Cross-Border Travel and Trade

The Hong Kong government has officially established the Hong Kong Port Area at the new Huanggang Port under a co-location arrangement, streamlining immigration and customs procedures to improve the movement of passengers and cargo betwee...

China Keeps Key Lending Rates Unchanged to Support Economic Recovery

The People's Bank of China left benchmark lending rates at historic lows, maintaining the one-year loan prime rate at 3.0% and the five-year rate at 3.5% as policymakers seek to support corporate borrowing while credit demand remains sub...

China Tightens Outbound Investment Rules With Expanded National Security Reviews

China's State Council has fully implemented a unified framework governing outbound direct investment, expanding mandatory national security reviews to cover both companies and individual cross-border asset transfers under the oversight o...

Hong Kong Businesses Assess Impact of New US Tariff Measures on Regional Trade

Financial institutions and business groups in Hong Kong are evaluating the implications of new US tariff policies, monitoring their potential impact on regional supply chains, manufacturing activity and trade flows passing through the ci...

China Reports 4.7% First-Half Economic Growth as High-Tech Industries Drive Expansion

China's National Bureau of Statistics said gross domestic product grew 4.7% year on year to 69.6 trillion yuan in the first half, supported by strong growth in high-tech manufacturing and strategic emerging industries despite continued a...

Finland Deploys Commercial-Scale Thermal Batteries Using Crushed Rock to Store Renewable Grid Energy

A 100-megawatt-hour thermal storage system in Pornainen has eliminated the municipal heating network's reliance on oil, as engineers test bidirectional power conversion.

Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California

Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California

An advanced stealth aircraft went down in an open field near San Diego, prompting a Class A military accident investigation after the pilot safely ejected.

Singapore Investors Lead Purchases of Hong Kong Distressed Commercial Property

Singapore-based investors overtook mainland Chinese buyers in the second quarter as they increased acquisitions of distressed commercial real estate amid lower property valuations.

Zhongji Innolight Completes Hong Kong's Largest IPO of the Year

Zhongji Innolight raised HK$53.41 billion in Hong Kong's biggest initial public offering of the year, although its shares fell 2.04% on their first day of trading.

Hong Kong Accelerates Northern Metropolis Infrastructure to Support AI Development

Hong Kong officials said stronger rail and road links between the Northern Metropolis and Shenzhen are essential to support artificial intelligence industries, advanced manufacturing and cross-border supply chains.

China Issues Offshore Renminbi Sovereign Bonds Through Hong Kong

China's Ministry of Finance issued a new tranche of offshore renminbi sovereign bonds through the Hong Kong Monetary Authority's Central Moneymarkets Unit, reinforcing Hong Kong's role as the leading offshore yuan financial centre.

Hong Kong Launches Tourism Discounts Ahead of Major International Events

The Hong Kong Tourism Board introduced a promotion offering 5% discounts on dining and retail purchases at more than 100 participating hotels and attractions for visitors attending major events in August and September.

China Confirms First-Half GDP Growth of 4.7%

The National Bureau of Statistics said China's economy grew 4.7% in the first half of the year, supported by high-tech industries, resilient foreign trade and continued economic upgrading.

Hong Kong Eases Listing Rules to Attract High-Growth Companies

Hong Kong Exchanges and Clearing has revised its listing rules by lowering market capitalisation thresholds and updating requirements for companies with weighted voting rights, biotechnology and specialist technology businesses to streng...

China Unveils Five-Year Plan for Greener Industrial Development

The Ministry of Industry and Information Technology released a new five-year blueprint promoting resource efficiency, low-carbon manufacturing and wider adoption of green technologies across industrial sectors.

Hong Kong Monetary Authority Says Markets Remain Stable After Fed Decision

The Hong Kong Monetary Authority said financial markets continue to operate smoothly under the Linked Exchange Rate System after the US Federal Reserve left interest rates unchanged at 3.5% to 3.75%.

Hong Kong Exports Jump 53.4% on Strong AI-Related Demand

Hong Kong's merchandise exports climbed 53.4% year on year to HK$641 billion in June, driven by robust global demand for advanced electronics and artificial intelligence components.

People's Bank of China Uses Liquidity Operations to Support Money Markets

China's central bank conducted overnight reverse repurchase operations and targeted liquidity injections to maintain stable short-term funding conditions in the banking system.

China Marks 50th Successful Launch From Wenchang Spaceport

The Wenchang Spacecraft Launch Site completed its 50th successful mission with the launch of a Tianlian satellite aboard a Long March rocket, highlighting the continued expansion of China's space launch capabilities.

China Accelerates Domestic Production of Advanced Lithography Equipment

Shanghai Aishengna Electronic Technology Group has advanced scalable production of immersion deep-ultraviolet lithography systems, supporting China's efforts to strengthen domestic semiconductor equipment manufacturing and reduce relianc...

China Launches New Communications Technology Test Satellites

The Taiyuan Satellite Launch Center successfully deployed communications technology test satellites, marking the 660th flight of the Long March rocket series and expanding China's orbital communications testing capabilities.

CATL Reports Strong First-Half Profit as Global Battery Market Share Expands

Contemporary Amperex Technology Co. Ltd. reported first-half net profit of 43 billion yuan while increasing its global battery usage market share to 40.2%, reinforcing its position as the world's largest electric vehicle battery maker.

China's Politburo Sets Second-Half Economic Priorities and Schedules Key Party Meeting

President Xi Jinping chaired a Politburo meeting that reviewed economic conditions, outlined priorities for the second half of the year and scheduled the fifth plenary session of the 20th Communist Party Central Committee for October.

US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces

US Central Command said dozens of Iranian targets were hit after missiles were fired towards US forces in Jordan, while Iranian media reported civilian deaths on Qeshm island.

The chief executive of the popular gaming company laid off many employees and his pay rose to 38 million dollars

Electronic Arts cut jobs across four studios while its chief executive, Andrew Wilson, received an eight-million-dollar increase in annual compensation.

The AI User Nightmare: Private Claude Conversations Leaked to the Internet

Hundreds of Anthropic Claude chat logs, containing medical records and internal documents, appeared in Google search results after being shared by users.

Hong Kong Home Ownership Rate Edges Up to 50.9%

Official data showed Hong Kong's home ownership rate increased to 50.9%, reflecting resilient housing demand and continued household asset accumulation despite elevated property prices.

Singapore Investors Increase Purchases of Hong Kong Office Properties

Institutional investors from Singapore expanded acquisitions of prime office assets in Hong Kong, reflecting confidence in the city's commercial property market despite broader economic uncertainty.

Hong Kong Welcomes End of US National Emergency Status

The Hong Kong government welcomed Washington's decision not to renew its Hong Kong-related national emergency status, saying the move could help support more stable trade and economic relations.

Hong Kong Stocks Hold Near 25,800 on Steady Capital Inflows

Hong Kong's benchmark stock index remained close to 25,800 as investor optimism, regional liquidity and expectations for corporate earnings continued to support the market.

International Schools in Hong Kong See Enrolment Growth

International and private schools reported rising student numbers as government talent attraction initiatives brought more overseas professionals and their families to Hong Kong.

Hong Kong Police Warn of AI Voice Scams After HK$10 Million Fraud

Police issued a public alert over increasingly sophisticated artificial intelligence voice-cloning scams after a victim lost HK$10 million through fraudulent messages impersonating trusted contacts.

Shein Faces Margin Pressure Ahead of Planned Hong Kong Listing

Fast-fashion retailer Shein reported first-quarter revenue of US$9.005 billion as tariffs and regulatory scrutiny weighed on profitability ahead of its anticipated Hong Kong initial public offering.

Hong Kong Home Prices Reach Highest Level in Two and a Half Years

Hong Kong residential property prices extended their gains for a 13th consecutive month, while rents climbed to new highs on strong demand from corporate relocations and incoming students ahead of the autumn season.

Hong Kong Approves Record HK$478 Million for University Research

The Research Grants Council approved a record HK$478 million for 12 major university projects, with artificial intelligence and data analytics among the key priorities to strengthen Hong Kong's innovation ecosystem.

Survey Shows Hong Kong Remains Key Gateway for Mainland Firms Expanding Into ASEAN

A Hong Kong Trade Development Council survey found that 80% of mainland Chinese companies view Hong Kong as an essential base for expanding into Southeast Asia, citing its financial services, legal framework and professional expertise.

China Advances Lithography Technology and Artificial Intelligence Development

Chinese technology companies continued making progress toward mass production of advanced deep ultraviolet lithography while domestic large language models, including Kimi, gained broader international enterprise evaluation.

China and European Union to Hold New Trade and Investment Talks This Autumn

China's Ministry of Commerce said Beijing and Brussels will convene a second Trade and Investment Consultation Mechanism meeting after completing more than 20 working-level discussions aimed at strengthening economic cooperation and stab...

China's New Energy Vehicle Production and Sales Top Seven Million in First Half

The China Association of Automobile Manufacturers said both production and sales of new energy vehicles exceeded seven million units during the first six months of 2026, supported by strong domestic demand and growing exports.

China Tightens Oversight of Outbound Investment With New National Security Rules

New State Council regulations that took effect in July 2026 consolidate approval procedures while introducing dedicated national security reviews and expanding oversight of personal overseas investments and corporate asset transfers.

HKG Times